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Memecoins, Ether Are Outpacing Bitcoin During Record-Breaking Week

From bnnbloomberg.ca

Crypto traders already appear to be shifting their attention elsewhere for higher returns after Bitcoin reached an all-time high. Memecoins such as Dogecoin and Pepe were up more than 10% and 30%, respectively on Friday, adding to the eye-popping gains seen through the week. Ether, the second-largest cryptocurrency by market value, is up about 16% so far this week, or more than double its larger peer. “As Bitcoin consolidates at current levels and ETH relatively outperformed in the short-term, eyes are sure to be focused on altcoins and specific side-narratives that start to spin up,” said Chris Newhouse, a DeFi ... (full story)

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  • Category: Fundamental Analysis