Edward Snowden Says SEC Will 'Lose' Court Case Against Coinbase, Ethereum Co-Founder Thinks Metaverse Is 'Poorly Defined' And More: Weekly Cryptocurrency Roundup
Portfolio Pulse from Benzinga Neuro
The cryptocurrency market had an eventful week with Dogecoin's pre-Doge Day rally, Ethereum's co-founder Vitalik Buterin commenting on the Metaverse, Edward Snowden's prediction on the SEC's case against Coinbase, a trader's significant profit from Dawkoin, and Shiba Inu's strong comeback. Dogecoin saw a 40% increase in weekly gains, Ethereum's co-founder criticized the current understanding of the Metaverse, Snowden supported Coinbase against the SEC, a trader turned $3K into $215K with Dawkoin, and Shiba Inu's burn rate soared by 17,197%.
March 31, 2024 | 4:59 am
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NEUTRAL IMPACT
Ethereum's co-founder Vitalik Buterin criticizes the current understanding of the Metaverse, potentially impacting Ethereum's association with Metaverse projects.
Buterin's comments on the Metaverse may lead to a reevaluation of Ethereum's involvement in Metaverse projects, but the direct impact on Ethereum's price is uncertain.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Edward Snowden predicts the SEC will lose its court case against Coinbase, indicating support for the cryptocurrency exchange.
Snowden's prediction could be seen as a positive sentiment towards Coinbase's legal standing against the SEC, potentially boosting investor confidence in the short term.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Dogecoin experienced a 40% increase in weekly gains, with a significant rally ahead of Doge Day, indicating strong bullish momentum.
The sharp increase in Dogecoin's value, especially the 15% rally in 24 hours, suggests a strong bullish sentiment in the market, likely to continue in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Shiba Inu marked a strong comeback with a 17,197% increase in its burn rate and a surge in whale transactions, indicating renewed investor interest.
The significant increase in Shiba Inu's burn rate and whale transactions suggests a bullish sentiment among investors, likely to positively impact its short-term price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85