Crypto This Week: Shiba Inu Burn Rate, Rags To Riches Story, Robert Kiyosaki On Bitcoin's Future And More
Portfolio Pulse from Benzinga Neuro
The past week saw significant developments in the cryptocurrency world, including a 1000% surge in the burn rate of Shiba Inu tokens, Robert Kiyosaki questioning Bitcoin's future following Citibank's blockchain technology announcement, two brothers becoming millionaires due to their investment in Shiba Inu, Ethereum co-founder Vitalik Buterin depositing 400 ETH into Coinbase amidst a market downturn, and Mark Yusko of Morgan Creek Capital Management expressing a bullish stance on Bitcoin's future.
October 01, 2023 | 1:02 am
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POSITIVE IMPACT
Ethereum co-founder Vitalik Buterin's deposit of 400 ETH into Coinbase could potentially boost investor confidence in the platform.
Vitalik Buterin's deposit of 400 ETH into Coinbase, despite a downturn in the cryptocurrency market, could be seen as a vote of confidence in the platform, potentially boosting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The 1000% surge in the burn rate of Shiba Inu tokens and the emergence of new whales could potentially boost the token's price.
The significant surge in the burn rate of Shiba Inu tokens, coupled with the emergence of new whales, could potentially boost the token's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Vitalik Buterin's deposit of 400 ETH into Coinbase amidst a market downturn could potentially stabilize Ethereum's price.
Vitalik Buterin's deposit of 400 ETH into Coinbase, despite a downturn in the cryptocurrency market, could potentially stabilize Ethereum's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Robert Kiyosaki's questioning of Bitcoin's future following Citibank's blockchain technology announcement could potentially create uncertainty among investors.
The announcement of Citibank's blockchain technology service and Robert Kiyosaki's subsequent questioning of Bitcoin's future could potentially create uncertainty among investors, potentially impacting Bitcoin's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70