Donald Trump Sells $2.4M In ETH, 'Dogecoin killer' Shiba Inu Experiences Surge In Whale Inflows And More: This Week In Crypto
Portfolio Pulse from Benzinga Neuro
The cryptocurrency market saw significant activity with predictions of Dogecoin's rise, warnings of Bitcoin's fall, Jim Cramer's mixed reactions to Robinhood's Q4, a surge in Shiba Inu whale inflows, and Donald Trump selling Ethereum. Dogecoin is predicted to surpass $0.10, Bitcoin may fall below $10,000, Shiba Inu experienced a 2595% increase in whale inflows, and Trump missed out on $500,000 in potential ETH profits.
February 18, 2024 | 10:12 am
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POSITIVE IMPACT
Dogecoin is predicted to potentially surpass the $0.10 mark by May, indicating a bullish outlook.
The prediction by a cryptocurrency analyst about Dogecoin's potential rise could increase investor interest and drive up its price in the short term.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Shiba Inu experienced a 2595% surge in whale inflows and a 7.3% increase in trading, indicating strong investor interest.
The significant increase in whale inflows and network activity for Shiba Inu suggests growing investor interest, which could lead to a short-term price increase.
CONFIDENCE 65
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
Donald Trump sold over 1,000 Ethereum tokens earlier this year, missing out on potential profits of $500,000.
While Trump's sale of Ethereum is notable, its direct impact on the ETH market is uncertain, but it highlights the volatility and potential profits in the crypto market.
CONFIDENCE 50
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Bitcoin faces a bearish prediction with a '99.99%' chance of falling below $10,000 due to fraud and price manipulation concerns.
The warning from a popular crypto account about Bitcoin's potential drastic drop could lead to a decrease in investor confidence and a short-term price decline.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 80