Ether Nears $4k, Shiba Inu (SHIB) Jumps 500% And Binance US Plans Expansion

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Last Updated on 9 May 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Never a dull day in the world of crypto of course. Even though it is Sunday, the trading never stops and no one can easily predict what you will find when you wake up after you turn in for bed.

This time round we see that Ether nears $4k this Sunday morning after a fabulous week, we find a small altcoin jumping hundreds of percentage points (and falling) and Binance US is taking the competition directly to Coinbase.

Advertentie.

Ether continues run

Whereas many traders and analysts have advised to wait until Ether dropped back down to $3k or even $3.2k before dipping in, the Vitalik Buterin coin simply continued its massive run witnessed in the past month.

Wall Street investors are clearly looking to diversify their portfolio. Ethereum is trading slightly below $4k, $3,923.18 and is up over 10%.

Shiba Inu jumps

Trading at $0.0000155, the Shiba Inu coin, which was launched in April of this year only, knew an incredible run this weekend which placed it in the top 30 of CoinMarketCap out of nowhere.

At a certain point up 500% only to drop 100% a few minutes later it showed incredible trading. It is being pumped by celebrities and took off on the back of the Dogecoin climb of course, as Shiba Inu is the breed of dog featured on the famous meme cryptocurrency. Whereas traders and analysts were already not too happy with Dogecoin stealing the limelight of the cryptsphere, I wonder what they’ll say about this one. Buy at your own risk of course.

Binance US expansion

Lastly, the world’s biggest crypto platform, Binance, is planning to take the fight for who controls the crypto market in the US directly to Coinbase apparently.

Brian Brooks, who heads Binance’s US operations, declared during an interview that:

You’ll think of us more like a diversified platform company where we’re building tokens and tokenizing real assets, like real estate and equities, engaged in payments through our proprietary stable coin.

At the end of the day, there may be zero exchanges, and the question is, ‘who wins as the platform?’ I think that’ll be us.