Bitcoin Battles $50k, ADA And Doge Surge, Shib Vows Revenge On Vitalik
Last Updated on 15 May 2021 by CryptoTips.eu
Bitcoin tries to regain the upper hand in its battle with $50k, analysts wonder whether altseason has really started,
ADA profits from the search for a green crypto, Dogecoin comes back to life and Shiba Inu owners vow revenge on Vitalik for crashing the price of their favorite coin.
The $50k threshold
It is often said that altseason is upon us when Bitcoin trades sideways and its dominance in the crypto world is fading. Now that Ether has broken above $4k and is becoming a major player in the cryptosphere, it is clear that
Bitcoin’s dominance has been broken, but that sideways trading seems to be a problem though. In order for that to happen Bitcoin has to trade within a 10% range and sometimes that is hard to follow.
If you are new to #Bitcoin and worried because it dropped over 17% based on a celebrity billionaire comment don't be. This is just BTC shaking out all the weak hands.
— Bitcoin $1M [#HODL] (@Bitcoinlife2012) May 15, 2021
Investors are confused mostly about Bitcoin’s direction as of late. Is it going to break $60k and look for a new all time high, or is it going lower and testing the support line of $42k. Whatever happens to the most famous cryptocurrency, the attention of the cryptosphere seems to be shifting elsewhere for now.
DOGE and Cardano surge
Altseason is strange this time round though, as on certain days most major coins are down together with Bitcoin, and then it becomes tough to find the clear winners. These past few days were clearly good for Cardano though, which saw its native token ADA surge on the news that Wall Street investors will be incensed to look for a greener alternative for Bitcoin.
With its focus on Africa and clean energy, Cardano looks like a match. The price has been surging upward this week.
You can call Dogecoin a shitcoin all you want. However, at the end of the day, Dogecoin is the 4th largest cryptocurrency in the world. Just because you missed out on one of the most significant investments of our generation doesn’t mean you have to be toxic.
— The Chairman (@WSBChairman) May 14, 2021
Another clear winner yesterday was Dogecoin (up 11,000% this year) which sprung back to life. It comes as Elon Musk promises he would be working with the development team and Coinbase said it would list the token.
Shib Inu Vows Revenge On Vitalik Buterin
Earlier this week, Ether creator Vitalik Buterin decided to give away $1 billion worth of Shiba Inu to an Indian Covid relief fund. A noble intention of course and everyone applauded the move everyone except for the Shiba investors of course, who saw the price of the token plummet.
@VitalikButerin rug pulled Shiba Inu $SHIB. Let's rug Ethereum $ETH. Introducing Rug Ethereum $RETH on the Binance Smart Chain. A token that dumps ETH for BNB. The first @WARONRUGS token. #SellYourETHhttps://t.co/lZ7zckBqIG
— #WARONRUGS❌ (@WARONRUGS) May 14, 2021
Some of them have now vowed revenge and are introducing a new token called Rug Ethereum, a coin that dumps ETH for BNB. Let’s see if Vitalik reacts.