The past week in the cryptocurrency world was full of ups and downs. One of the biggest surprises came from renowned trader Michael van de Poppe, who made waves by selling all his Bitcoin holdings to shift his investments into altcoins.
Despite Bitcoin’s recent struggles with its price, Van De Poppe emphasized that his decision wasn’t because he lost confidence in Bitcoin.
Highlights from Last Week in Cryptocurrency
Last week in the cryptocurrency world saw significant developments. Hayden Adams, CEO of Uniswap, criticized the Biden administration for disregarding the political significance of cryptocurrencies. He cautioned that this oversight could alienate a substantial voter base and impact campaign funding.
In another notable event, trader ‘Bonk Guy’ captured headlines by disclosing a remarkable profit. Within just 48 hours, he leveraged derivatives of AMC and GameStop on the Solana blockchain to turn a $155,000 investment into $1.3 million—a staggering 641% gain. Bonk Guy anticipates that the true “meme coin season” has yet to fully materialize.
Crypto Predictions: Shiba Inu and Dogecoin
Crypto trader Javon Marks has expressed bullish sentiments towards Shiba Inu, often referred to as the ‘Dogecoin Killer’. Marks predicts that Shiba Inu has the potential to exceed its previous all-time high of $0.000088598, indicating a potential price surge of 282% from current levels. He believes the meme coin is currently experiencing an “intermission” phase before resuming its upward trajectory.
Meanwhile, Crypto Kaleo has shown optimism regarding the resurgence of Dogecoin. He attributes this potential revival to a renewed risk appetite in the retail sector. Despite recent challenges, Kaleo emphasized Dogecoin’s enduring relevance, stating that the cryptocurrency remains vibrant and poised for significant gains once buying interest strengthens.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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