Blockchain

Due to the thunder of Shiba Inu (SHIB) stealing Dogecoin, the price of Ethereum is close to $4K

[ad_1]

With ether (ETH), Dogecoin (Dog) And Shiu Inu (SHIB) hit a record high because they led the rise of altcoins.

The excitement behind the Dogecoin rally is due in large part to the upcoming debut of Tesla CEO and Dogecoin advocate Elon Musk, which is in the popular “Saturday Performance on the “Night Live” comedy sketch show. On the other hand, as institutional interest in altcoins soared, Ether continued to rise to $4,000. Approaching the London Hard Fork Investors feel particularly optimistic.

Data from United Electrographics Market with Transaction view It shows that after a brief drop to a low of US$3,418 late on May 8, the price of Ether returned to calm and continued to rise by 13%, reaching a new all-time high of US$3,958.

ETH/USDT 4-hour chart. source: Transaction view

Although some people were surprised by the bullish movement of the second largest cryptocurrency in terms of market capitalization, it did not constitute a shock to Cointelegraph market analyst Marcel Pechman. detailed How Ether “can be easily maintained to $5,000.”

Bitcoin (Bitcoin) Having used its time to stand out and climb quietly, the bulls are now trying to keep the price above $59,000.

The dog-themed “Meme coin” leads the trend

Dogecoin has become one of the biggest mainstream attention grabbers in the history of cryptocurrency, as dozens of new users experience cryptocurrency trading for the first time from the popular meme token.

DOGE’s one-week growth momentum led to a 25% increase in Saturday morning trading hours, which raised its value to a new all-time high of $0.74, and then profit-taking brought the price back to below $0.68.

DOGE/USDT 4-hour chart. source: Transaction view

As Dogecoin attracted global attention, many dog-themed projects appeared, including Shiba In (SHIB), which broke out after a two-day rally, and its value rose by 1100%, thus setting a new record high. $ 0.0000178.

At present, the market value of the entire cryptocurrency reaches US$2.463 trillion, and the dominant rate of Bitcoin is 44.8%.

The views and opinions expressed here are only those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading action involves risk, so you should conduct your own research when making a decision.