Trump’s Crypto War, Shiba Inu Surge & TrumpCoin Mystery

John Darbie
Photo: Finoracle.net

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.

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John Darbie is a seasoned cryptocurrency analyst and writer with over 10 years of experience in the blockchain and digital assets industry. A graduate of MIT with a degree in Computer Science and Engineering, John specializes in blockchain technology, cryptocurrency markets, and decentralized finance (DeFi). His insights have been featured in leading publications such as CoinDesk, CryptoSlate, and Bitcoin Magazine. John’s articles are renowned for their thorough research, clear explanations, and practical insights, making them a reliable source of information for readers interested in cryptocurrency. He actively follows industry trends and developments, regularly participating in blockchain conferences and webinars. With a strong reputation for expertise, authoritativeness, and trustworthiness, John Darbie continues to provide high-quality content that helps individuals and businesses navigate the evolving world of digital assets.