This Week In Cryptocurrency: Trump Pledges To End Biden's 'Crypto War', Shiba Inu Burn Rate Surges, And The TrumpCoin Mystery
The world of cryptocurrency experienced a thrilling week, filled with significant developments. From Worldcoin outperforming Bitcoin and Ethereum, to Argentina’s President backing Bitcoin, and Donald Trump’s vow to end the ‘war on crypto,’ the crypto sphere was buzzing with excitement. There's also the intriguing tale of TrumpCoin’s creation. Let's explore these events in more detail.
Worldcoin’s Impressive Performance
The blockchain-based identity verification project, Worldcoin, saw an impressive surge, overshadowing bigger names like Bitcoin and Ethereum. The token spiked over 7% in the last 24 hours, while Bitcoin and Ethereum held steady. Worldcoin’s trading volume also jumped 74% to $275 million, showcasing significant buying interest.
Argentina President’s Passionate Pitch For Currency Competition
Argentinian President, Javier Milei, expressed strong support for allowing competition among currencies, including Bitcoin. Responding to a cryptocurrency analyst’s comments, Milei confidently stated that there would be free competition of currencies, and those who prefer Bitcoin would not face any issues.
Trump’s Crypto Pledge
Former President Donald Trump, while campaigning, promised to end President Joe Biden’s so-called “war on crypto.” He emphasized that the future of crypto and Bitcoin should be secured in America, drawing loud applause and cheers from the audience.
Shiba Inu’s Potential Pump
Known as the ‘Dogecoin Killer,’ Shiba Inu witnessed a dramatic rise in its burn rate and new account creations. The burn rate surged an astonishing 84,642.4% in the past 24 hours, with over 10 million SHIB coins burned in just six hours.
The TrumpCoin Mystery
Adding to the intrigue, Martin Shkreli, famously called "Pharma Bro," claimed that Barron Trump, son of former President Trump, initiated the TrumpCoin token with his father’s approval. Despite these allegations, Barron Trump and his representatives have remained silent, offering no public comments on the issue.
This week highlights the vibrant, unpredictable nature of the cryptocurrency world. Stay tuned for more exciting developments in the coming days.
