The cryptocurrency market experienced significant growth last week, with the global crypto market cap reaching $2.32 trillion, a 16% increase. Altcoins such as Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB) emerged as top performers, signaling potential opportunities for investors.

ETH Surges Past $3,400

Ethereum saw a notable uptrend, with prices breaching $3,400 and recording a 9.6% increase for the week. As Bitcoin gained traction, Ethereum capitalized on the positive market sentiment, surpassing key resistance levels and reaching a peak of $3,521. Despite a minor pullback, ETH managed to stay above $3,400, currently trading at $3,411.

DOGE Records Impressive 55% Surge

Dogecoin outperformed other cryptocurrencies, with a remarkable 55% surge in prices. Starting the week at $0.08611, DOGE broke through resistance levels and hit a 16-month high of $0.15074 on March 2. Despite a slight correction, Dogecoin maintains a 55% gain for the week, trading at $0.13335.

SHIB Emerges as Top Gainer

Shiba Inu, a meme coin, also saw significant gains, climbing to become the 12th largest asset by market cap. SHIB surged to a 22-month high of $0.00002390 on March 2, marking a 125% weekly gain. Despite a retracement, Shiba Inu remains among the top gainers this week, currently priced at $0.00002176.

As the cryptocurrency market continues to show positive momentum, investors are advised to stay informed and explore more news on Global Crypto News for the latest updates and insights.

Post Views: 7