Benzinga’s Weekly Cryptocurrency Recap

Benzinga – The cryptocurrency market has had an eventful week. Dogecoin, a meme-based digital currency, experienced a significant increase in value leading up to Doge Day. Bitcoin and Ethereum continued to show strong momentum despite minimal price fluctuations. A trader turned a small investment into a substantial profit with the newly launched Dawkoin, while Shiba Inu made a strong comeback with a notable increase in burn rate.

Dogecoin’s Pre-Doge Day Rally

Dogecoin (CRYPTO: DOGE) surged by 40% in weekly gains, including a 15% rally within 24 hours on Thursday. The increase in whale transactions and daily active addresses indicates a potential bullish trend in the market. Read the full article here.

Ethereum Co-Founder Vitalik Buterin Thinks The Metaverse Is ‘Poorly Defined’

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin discussed the misunderstood concept of the Metaverse during his appearance at the BUIDL Asia conference in Seoul. He suggested that the current view of the Metaverse, as a vast virtual space with immersive VR and AR experiences, may not be entirely accurate. Read the full article here.

Edward Snowden Predicts SEC Will ‘Lose So Hard In Court’ Against Coinbase

Whistleblower and Bitcoin (CRYPTO: BTC) supporter Edward Snowden remains unfazed by the ongoing legal battle between the U.S. Securities and Exchange Commission and Coinbase Global Inc. Read the full article here.

Trader Turns $3K Into $215K With Dawkoin

A trader saw significant gains with the newly introduced Dawkoin, a meme cryptocurrency inspired by evolutionary biologist Richard Dawkins. The crypto’s market cap soared to $15M. Read the full article here.

Shiba Inu’s Strong Comeback

Shiba Inu (CRYPTO: SHIB) is experiencing a resurgence, with its burn rate increasing by 17,197% on Thursday along with a rise in whale transactions. Read the full article here.

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