Shiba Inu, Dogwifhat Defy Market Dips, Altcoins Set For Major Rally And More: This Week In Cryptocurrency

This past weekend in the cryptocurrency world was eventful. From MAGA Coin's surprising jump to memecoins' resilience amid Bitcoin and Ethereum drops, there was no shortage of intriguing developments. Let's dive into the highlights.

The Remarkable Rise of MAGA Coin: MAGA coin saw a significant jump following former President Donald Trump's endorsement of the cryptocurrency. The former leader suggested that cryptocurrency enthusiasts should vote for him, resulting in a notable increase in the value of MAGA Coin. Read the full article here.

Memecoins defy market declines: Despite the declines experienced by Bitcoin and Ethereum, memecoins such as Shiba Inu and Dogwifhat posted double-digit gains. This unexpected resilience has left many market observers intrigued. Read the full article here.

See also: Bitcoin, Ethereum, Dogecoin Down as Inflation Fears Grip Investors - Fewer and Fewer King Cryptocurrencies Available to Masses, 'Huge' Bull Market Inevitable, Analyst Says

Is a market rebound in sight?: Despite the โ€œChristmas weekend bluesโ€ that saw Bitcoin, Ethereum and Dogecoin take a hit, popular trader Crypto Kingpin suggests the market is poised to recover. Read the full article here.

Patience Pays Off for Shiba Inu Investor: A Shiba Inu investor turned a $2,625 investment into a staggering $1.1 million after 3.5 years of inactivity. This incredible return on investment is a testament to the potential of the so-called โ€œDogecoin Killer.โ€ Read the full article here.

Altcoins prepare for a big rally: According to pseudonymous analyst Technological development, altcoins are entering a โ€œtextbook markโ€ phase, predicting a big rally on the horizon. This forecast is a ray of hope for altcoin investors amid recent market turmoil. Read the full article here.

Read next: Shiba Inu 'Dogecoin Killer' Burn Rate Jumps Nearly 250% as Whales Show Interest in Memecoin

Photo via Shutterstock

This story was generated using Neuro Benzinga and edited by Anan Ashraf.

Market news and data provided by Benzinga APIs

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