• Dogecoin (DOGE) experienced a rapid 30 percent increase in value after Elon Musk’s Twitter homepage showcased the cryptocurrency’s emblematic Shiba Inu dog logo.
• Koyo platform is working on a billion-dollar launch on the Shibaorum Layer-2 platform, seeking to provide billions of dollars in trading volumes at the Shibarium launch along with massive SHIB burns.
• Ripple continues to edge closer to an end on its case brought forth by the SEC, a ceremonious occasion that will see XRP prices soar.
Dogecoin Added To The Twitter Homepage
Dogecoin (DOGE) experienced a rapid 30 percent increase in value after Elon Musk’s Twitter homepage showcased the cryptocurrency’s emblematic Shiba Inu dog logo, replacing the platform’s customary blue bird. With hundreds of millions of users visiting Twitter on a daily basis, Dogecoin received its first official mega publicity since Elon Musk acquired the social media platform for $44 billion in cash last year. Going into the weekend, Twitter had switched back to the classic blue bird which has since seen Dogecoin investors dump. However, Elon Musk’s commitment is unwavering and long-term holders are confident that he will continue to promote and push its adoption to the masses.
Shiba Inu: Billion-$-Project Is Building On SHIBARIUM
Koyo platform is working on a billion-dollar launch on the Shibaorum Layer-2 platform. It seeks to provide billions of dollars in trading volumes at the Shibarium launch along with massive SHIB burns thereby giving a major boost to its price action. Additionally, it also features several projects such as Decentralized Finance apps (DeFi), NFTs and digital collectibles built upon its blockchain infrastructure. This project would be beneficial for both investors and developers alike who look forward to getting involved and taking advantage of this impressive opportunity for growth within this sector of blockchain development.
VeChain And IOTA Make Gains
Apart from Dogecoin, other altcoins such as VeChain (VET) and IOTA (MIOTA) have been exhibiting bullish behavior over recent weeks due to their respective developments and partnerships coming through strong during these times of market uncertainty caused by coronavirus pandemic related news updates. VeChain saw an 8% rise yesterday while IOTA rose 4%. Both these platforms are developing technologies that could revolutionize how businesses conduct supply chain operations as well as data management between multiple parties within different industries globally – something which has become increasingly important due to Covid-19 restrictions imposed worldwide.
Ripple Moving Closer To Finishing Its Case Against The SEC
Ripple continues to edge closer to an end on its case brought forth by the SEC,. After months of legal battles between both parties it appears that Ripple is finally able move one step closer towards resolving this issue once and for all with reports confirming that XRP prices should expect some upward action if negotiations go through successfully in favor of Ripple’s side as expected.. It remains unclear when exactly this may take place but analysts suggest that investors should remain patient until then before making any decisions regarding XRP investments or trades .
Crypto Market Remains Sideways
The greater crypto market has been moving sideways over the last week despite there being some exceptions such as Dogecoin which grabbed headlines during past week owing largely due its connection with Tesla CEO Elon Musk’s social media accounts.. Bitcoin has failed break away from $28000 resistance level leaving many traders frustrated due slow movement across majority top coins like Ethereum or Bitcoin Cash.. Therefore despite hype surrounding certain projects like Dogecoin or Vechain others still not showing much activity leaving overall crypto market unable make any significant gains or losses in near future without positive news emerging soon