Memecoins surge as Ethereum optimism infects crypto market

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 67%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Dog-themed cryptocurrencies jumped on Monday amid broader retail-investor enthusiasm in the market, particularly as Ethereum works toward its much-anticipated software upgrade.

Dogecoin is up about 14% over the past five days, while Shiba Inu has gained almost 40%, according to pricing data compiled by Bloomberg.

“Dogecoin and Shiba Inu have both broken out over the weekend, clear evidence that the retail investor is back,” said Hayden Hughes, chief executive of social-trading platform Alpha Impact in a message Monday, noting that there is optimism both coins will gain like Ethereum as they’re each due for upgrades as well.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Stocks pare gains amid China data rate cut: markets wrapInvestors on Monday evaluated a surprise interest-rate cut by China to shore up an economy struggling with a property-sector slowdown and Covid-linked restrictions.
Source: dailymaverick - 🏆 3. / 84 Read more »

Fees Must Fall activist Bonginkosi Khanyile to appear in court on Monday - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The trial of Fees Must Fall activist Bonginkosi Khanyile on charges relating to the unrest in July last year, is due to start in the Durban Regional Court on Monday. Khanyile is one of 19 alleged instigators of violence during the unrest, who were arrested last year. He is facing charges of incitement to violence … There is no greater joy than having financial stability and a life free of debts, that’s why I keep sharing the good news about Lisa_Mia_T0 it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than sharing the good deed. Ziyakhala manje Liabilities! One day, he's gonna look back & be honest to himself, and realize that he failed himself
Source: SABCNews - 🏆 37. / 51 Read more »