Crypto News Digest by U.Today
Check out the latest crypto news and industry updates with the U.Today News Digest!
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U.Today gives you an overview of the last day’s crypto events with the top four news stories.
SHIB becomes the 2nd trending crypto on CoinMarketCap after Shytoshi Kusama’s Easter greeting
Yesterday, SHIB enthusiasts found their beloved token in second place CoinMarketCap’s list of popular cryptocurrencies. The dog-themed asset was sandwiched between Arbitrum (ARB), which held the top spot, and Terra Classic (LUNC), which has become the third most popular crypto. Two events over the weekend may have helped SHIB claim second place, both thanks to SHIB leader Shytoshi Kusama. First, Kusama gave a vague hint about the progress of the development of the Shibarium network. Second, the SHIB leader wished the community a happy Easter holiday on Sunday, which inspired enthusiastic responses from the SHIB army.
Analyst cites year when Ethereum (ETH) may reach $10,000
According to a recent prediction from analyst Chris Burniske, the price of Ethereum could reach peaks of $10,000 by the year 2025. Some might see such a prediction as a bold one, especially considering the asset’s current price of $1,858; However, Burniske’s optimism may not be unfounded. There are several factors that could contribute to Ethereum’s bullish rally in the near future. First, the unlocking of the staking contract could lead to increased use of Ethereum. Second, ETH’s value could be boosted by institutional investors’ growing interest in blockchain and digital currencies. Third, the introduction of EIP-1559, which implements a fee-burning mechanism, could make Ethereum scarcer, potentially resulting in an increase in value over time.
As Bitcoin (BTC) climbs to $29,000, Peter Brandt predicts an imminent breakout
In his tweet yesterday, prominent commodities trader Peter Brandt shared a Bitcoin daily chart, drawing attention to the flagship cryptocurrency. He commented on the chart by writing “Breakout”, thus predicting Bitcoin’s impending rise. The tweet comes as the royal crypt’s price climbed to its highest level since June 2022. Bitcoin’s price rally above $29,000 did not go unnoticed by another trader, Scott Redler, who stated in his tweet that BTC appeared poised for further gains. As reported by U.Today, Today, Bitcoin’s value increased even higher, reaching the $30,000 level. At the time of writing, BTC is changing hands at $30,062, according to CoinMarketCap.
Scam alert: SHIB army beware – new scam operating with this popular method
According to a recent tweet by active Shiba Inu enthusiast @theshibdream, it is another scam is being spread via an NFT airdrop which is aimed at the SHIB community. He wrote that some individuals received an NFT airdrop from “Shibaswapdeployer”, which is not authorized. The enthusiast warned SHIB army soldiers that NFTs should not be opened or interacted with in any way as they may contain malicious code and therefore breach the security of the wallets of those who open them. @theshibdream also urged everyone to be careful and never share their private keys with anyone, even within the SHIB community.
