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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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
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