Top Crypto Updates This Week By Benzinga

Benzinga – The crypto market had fairly every week, marked by a flurry of fascinating developments. From the rise of the meme coin MAGA to Max Keiser’s ominous market crash prediction and the burn fee spike of Shiba Inu, there was no lack of pleasure. Moreover, Dogecoin discovered a brand new ally in luxurious automotive maker Ferrari, whereas Edward Snowden as soon as once more threw his weight behind Bitcoin.

Trump-Impressed MAGA Coin Outshines Dogecoin, Shiba Inu

A brand new meme coin, MAGA (CRYPTO: TRUMP), noticed a outstanding 20% surge over the past 24 hours, overshadowing established gamers comparable to Dogecoin (CRYPTO: DOGE) and the so-called ‘Dogecoin Killer’, Shiba Inu (CRYPTO: SHIB). Each DOGE and SHIB solely managed a 2% enhance on Friday, whereas MAGA is at the moment buying and selling at $3.63. The MAGA coin was launched in August, aiming to “Make Crypto Nice Once more.” Learn the total article right here.

Max Keiser Foresees A Market Crash and Bitcoin Increase

Bitcoin advocate Max Keiser has warned of an impending market disaster akin to the 1987 crash. In a tweet, Keiser predicted that Bitcoin, deemed the last word secure haven, will surpass the $500,000 mark. He additionally instructed that Bitcoin exchange-traded funds (ETFs) and home Bitcoin mining operations may face seizures by the US authorities. Learn the total article right here.

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Shiba Inu Burn Charge Soars

The Shiba Inu ecosystem noticed a dramatic 2,730% enhance within the token’s burn fee over the previous 24 hours, with a single transaction burning 85 million tokens. The motion of three trillion Shiba Inu tokens to entities together with Coinbase, Gate.io, Robinhood, and a few personal wallets was additionally famous. Learn the total article right here.

Dogecoin Worth Bolstered by Ferrari Acceptance

Dogecoin skilled a 4% worth enhance, reaching $0.090, following studies that luxurious sports activities automotive producer Ferrari may begin accepting the cryptocurrency as cost. The social buzz round Dogecoin surged, with its social dominance rating rising by 125% inside every week. Learn the total article right here.

Edward Snowden Backs Bitcoin

Edward Snowden, the well-known former Nationwide Safety Company contractor, reiterated his assist for Bitcoin (CRYPTO: BTC), hailing it as probably the most vital financial development for the reason that creation of coinage. Snowden has beforehand expressed substantial curiosity in Bitcoin and infrequently shares his ideas on the topic. Learn the total article right here.

Learn Subsequent: US Says Houthi Missile Assault On Ship Carrying ‘Tons Of Fertilizer’ Led To ‘Environmental Catastrophe’ In Pink Sea

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