Is Dogecoin set to replicate Shiba Inu’s (SHIB) 400% surge
Shiba Inu’s 400% surge refocuses attention on dog-themed meme tokens; which could indicate that DOGE is on the cusp of an equal-sized breakout. Meme coins were among the initial breakthrough stars at the start of this year’s bull run; and big-name influencers such as Elon Musk and Mark Cuban aided in driving up the price of Dogecoin (DOGE).
The amount of ETH held by miners has risen to its highest level since 2016
Ethereum(ETH) miners tend to be hesitant to sell their holdings and to anticipate future price gains. Miners’ holdings of Ethereum have reached all-time highs in US dollar terms, as they continue hesitant to sell. Miners typically sell the asset on a regular basis to offset expenses such as electricity and hardware charges.
ETH Risks a Pullback to $3,400 Before Reaching $4,000
The price of Ethereum has been rejected from $3,600; requiring bulls to seek protection above $3,500 or face a drop to $3,400. Short-term technical indicators are steadily turning bearish, meaning that the path of least resistance is downward. The rise of Ethereum to $3,600 has not been without difficulty and setbacks.
As inflation rises, institutions prefer Bitcoin to gold
According to JPMorgan, this week’s advance has been driven by institutional investors using Bitcoin to hedge against inflation. Bitcoin (BTC) has led a 35% recovery this week; soaring far past the $50,000 resistance level and regaining the asset’s $1 trillion market valuation.
Following his NASCAR victory, Brandon Brown completed his giveaway with a Baby Dogecoin
The Brandon Brown racing pack giveaway winner has been announced; and one lucky member of the Baby DogeCoin community will receive signed clothing from Brandon Brown. Brandon Brown competes in the Xfinity series, which are NASCAR’s “lower leagues.”