The week was a rollercoaster in the world of cryptocurrencies. Of world currency surpassing Bitcoin and Ethereum, to the Argentine president's endorsement of Bitcoin and Donald Trump's promise to end the "war on cryptocurrencies," the cryptocurrency world was abuzz with activity. Not to mention the increasing burn rate of the 'Dogecoin Killer' Shiba Inu and the intriguing story of TrumpCoin's creation. Let's delve into the details.
Worldcoin's impressive performance
Blockchain-based identity verification project Worldcoin saw a significant surge, surpassing coins with a much larger market capitalization. The token skyrocketed more than 7% in the last 24 hours, while bitcoin BTC/USD and ethereal ETH/USD They remained within their ranges. Worldcoin trading volume also increased by 74% to $275 million, indicating significant buying pressure. Read the full article here.
The passionate speech of the Argentine president in favor of monetary competition
Argentine President Javier Milei expressed his support for free competition in currencies, including Bitcoin. Responding to a cryptocurrency analyst's comment, Milei stated that there will be free competition of currencies and there will be no problems for those who want to use Bitcoin. Read the full article here.
Trump's crypto commitment
Former President Donald Trump, during his election campaign, pledged to end President Joe Biden's "war on cryptocurrencies." He stated that the future of cryptocurrencies and Bitcoin will be created in the United States, which drew cheers and applause from the audience. Read the full article here.
Shiba Inu's Potential Bomb
Shiba Inu SHIB/USD, often known as the 'Dogecoin Killer', saw its burn rate and new accounts increase. The burn rate skyrocketed by 84,642.4% in the last 24 hours, with over 10 million SHIB coins burned in just six hours. Read the full article here.
The mystery of TrumpCoin
Martin Shkreli, known as "Pharma Bro," alleges that Barron Trump, son of former President Donald Trump, started the Trump coin DJT/USD record with the consent of his father. However, Barron Trump and his representatives have not yet made any public comments on this matter. Read the full article here.
Eivind Pedersen from Pixabay
This story was generated using Neuro Benzinga and edited by Navdeep Yadav.
