Ether Nears $4k, Shiba Inu (SHIB) Jumps 500% And Binance US Plans Expansion
Last Updated on 9 May 2021 by CryptoTips.eu
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.
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 theyâll say about this one. Buy at your own risk of course.
Binance US expansion
Lastly, the worldâs 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 Binanceâs US operations, declared during an interview that:
Youâll 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, âwho wins as the platform?â I think that’ll be us.