Bitcoin, Dogecoin, and Ethereum are all on the rise, while Shiba Inu and Solana are on the decline.
BITCOIN prices continued to rise on Sunday, while Dogecoin and Ethereum prices also rose, leaving other cryptocurrencies such as Solana and Shiba Inu in the dust.
Bitcoin, the world’s most valuable cryptocurrency, broke through $65,000 for the fifth time, reaching $65,378.40, a five percent increase.
Ether, the Ethereum blockchain currency, increased by 3% to $4700, while Dogecoin increased by the same percentage to $0.27.
On Friday, the value of a Shiba Inu increased, but on Sunday, it fell to $0.000053.
Solana’s stock has dropped to $243, a drop of nearly 5%.
According to Barron’s, analysts believe the two most popular crypto currencies, Bitcoin and Ethereum, are still inexpensive when compared to traditional equity markets.
Wealthsimple, for its part, has boosted its retirement plans by launching a portfolio with a cryptocurrency ETF allocation, and the Shiba Inu coin has recovered.
According to Financial Post, the company hopes that the launch of its new portfolio will increase employee participation in employer-sponsored savings plans and encourage workers to save for their retirement.
According to CoinBase, as of 10 a.m. ET on Thursday, the price of Shiba Inu coin had dropped by more than 20%.
However, as of 5:00 p.m. ET on Friday, it was up more than 28%.
Shibu Inu is a cryptocurrency token that can be held in trillions.
Shiba Inu tokens feature the same dog as Dogecoin, one of the most popular cryptocurrencies this year.
For the most recent news and updates, visit our cryptocurrency live blog…
WHAT EXACTLY IS A POLYGON?
Polygon is an Ethereum token that powers the Polygon Network, which aims to make Ethereum transactions faster.
When it first debuted in 2017, it was dubbed the Matic Network.
On May 18, Polygon soared to $2.4544, its highest level in history.
RETURNS ARE NOT GUARANTEED
When it comes to cryptocurrencies, there are no guarantees, so anyone who claims “guaranteed returns” is usually a scammer.
Although scammers may try to persuade you otherwise, there is no way to completely eliminate the risk associated with cryptocurrencies.
Other ways to spot scammers in the crypto space can be found here.
‘STEM ILLICIT USE OF CRYPTOCURRENCY’ has been set for the United States.
“Cyber threats can affect every American, every business of any size, and every community,” said President Joe Biden in a recent statement.
“That is why, in order to combat cyber threats, my administration is mobilizing a nationwide effort.”
The White House has hinted that the US will convene a meeting with 30 other nations to discuss cybercrime responses.
“This month, the United States will bring together 30 countries to strengthen our cooperation in combating cybercrime, improving law enforcement collaboration, and combating the illicit use of cryptocurrency,” the White House said.
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