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SHIB Becomes 2nd Trading Crypto on CoinMarketCap, Analyst Names Year When ETH Might Hit $10,000, Peter Brandt Predicts Imminent Breakout for BTC: Crypto News Digest by U.Today

Tue, 04/11/2023 - 15:54
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Valeria Blokhina
Check out the latest crypto news and updates in the industry with the U.Today news digest!
SHIB Becomes 2nd Trading Crypto on CoinMarketCap, Analyst Names Year When ETH Might Hit $10,000, Peter Brandt Predicts Imminent Breakout for BTC: Crypto News Digest by U.Today
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U.Today provides you with an overview of the past day’s crypto events with the top four news stories.

SHIB becomes 2nd trending crypto on CoinMarketCap after Shytoshi Kusama’s Easter greeting

Yesterday, SHIB enthusiasts found their beloved token on the second spot of CoinMarketCap’s list of trending cryptocurrencies. The dog-themed asset found itself between Arbitrum (ARB), which held the first spot, and Terra Classic (LUNC), which has become the third most popular crypto. Two events over the weekend may have helped SHIB to become the holder of that second place, and both happened thanks to SHIB lead Shytoshi Kusama. First, Kusama dropped a vague hint at the progress in the development of the Shibarium mainnet. Second, the SHIB lead wished the community a Happy Easter holiday on Sunday, which inspired enthusiastic responses from the SHIB army.

DOGE Price up as Elon Musk Shares New Tweet About Dogecoin

Analyst names year when Ethereum (ETH) might reach $10,000

According to a recent prediction by analyst Chris Burniske, the price of Ethereum could reach highs 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 might not be unmotivated. There are several factors that could contribute to Ethereum's bullish rally in the near future. First, the staking contract unlock could lead to increased adoption of Ethereum. Second, ETH's value may be boosted by institutional investors’ resurging 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 a rise in its worth over time.

As Bitcoin (BTC) climbs to $29,000, Peter Brandt predicts imminent breakout

In his tweet yesterday, prominent commodity 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 imminent surge. The tweet comes as the king crypto’s price climbed to its highest level since June 2022. Bitcoin’s price spike above $29,000 was not left unnoticed by another trader, Scott Redler, who stated in his tweet that BTC appeared ready for additional gains. As reported by U.Today, today, Bitcoin’s value increased even higher, hitting the $30,000 level. At the moment of writing, BTC is changing hands at $30,062, according to CoinMarketCap.

1 Trillion SHIB Sold Off: Bearish Market Overtakes Shiba Inu Bulls

Scam alert: SHIB army watch out – new scam operating by this popular method

Per a recent tweet by active Shiba Inu enthusiast @theshibdream, there is a new scam being spread via an NFT airdrop that is targeting the SHIB community. He wrote that some individuals received an NFT airdrop from "Shibaswapdeployer," which has not been authorized. The enthusiast warned SHIB army soldiers that the NFTs should not be opened or interacted with in any way, as they may contain malicious code and, therefore, break the security of the wallets of those who open them. @theshibdream also urged everyone to stay cautious and to never share their private keys with anyone, even within the SHIB community.

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About the author

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.