Cryptocurrency Updates: Bitcoin, Ethereum Jumps 10% While Shiba Inu, Dogecoin, BNB coin Become Bullish
by Analytics Insight
February 6, 2022
This article features the latest updates on cryptocurrencies like Bitcoin, Ethereum, and more.
The ending first week of February has been fantastic for the crypto community. The week produced some of the best market prices after weeks of crashes in January. Most of the big boys in the market like Bitcoin have recorded an impressive jump of over 10% during the bull market condition. Other high-performing cryptocurrencies like Bitgert, Centcex, Dogecoin, and others have been bullish, with some posting skyrocketing prices. Read more about the performances of cryptocurrencies below:
In the ranking of the best performances in the bull market conditions has been Bitgert. The coin recorded one of the best performances in a few weeks. There is more than the market surging prices that have made this coin bullish. The Bitgert team has been releasing products and making huge milestones in delivering its roadmap. These are factors making Bitgert bullish. The team has just announced the development of Bitgert’s zero gas fee blockchain testnet. With the blockchain developments and Bitgert centralized exchange coming soon, this is the next big thing.
The bull market has proven how potent the Centcex project is. Centcex has come out of the bull market as one of the best performing cryptocurrencies in the market. Though the surging market prices had a lot to do with the bullish Centcex, the project developments have played a key role. The Centcex team has been working on the flagship product, which is a cryptocurrency exchange. The exchange is already in the advanced development stages. The community is buying CENX in anticipation of the huge Centcex staking revenues. 100% APY of the product’s revenue is going to staked tokens.
There is no doubt that Bitcoin has been one of the biggest of the bull market. After several weeks of crashing, Bitcoin finally made it back to the over $40k price with the recent bull market. This was the first time in many days that Bitcoin was posting a 10% jump in 24 hours. It has been an impressive week for the crypto community and more the Bitcoin investors. At the time of this writing, Bitcoin was stable and trading above $41k. The next bull market might see BTC making it back to the $50k mark, which will be impressive.
Another cryptocurrency that has been doing very well is Ethereum. With Ethereum recording over 10% in the last bull market, it has definitely been one of the best performers in the market. The surging market has been doing well, but the Ethereum team is doing a lot to make the blockchain better. The current platform upgrade is one of the biggest upgrades the Ethereum team is carrying out. The upgrade is going to make Ethereum one of the best blockchains in the market. This is why investors are buying ETH in anticipation of the coming bull run.
The bullish Shiba Inu is the best thing that has happened to the $SHIB holders. This is one of the cryptocurrencies that were most affected by the crashes in the market. Therefore, the recent market surge was a reprieve for the community. The Shiba team is delivering on the products it has promised, with the Doggy DAO being one of the biggest things coming up. But there are also other products, including the Shiba Inu Shiberse, a metaverse product, that was introduced the other day.
There is no doubt that Dogecoin is among the best cryptocurrencies to watch in 2022. This can be seen by the massive price increase that Dogecoin has posted. The bull market has shown the potential that Dogecoin has in the market. With this cryptocurrency posting over 10% during the bull market, it was good news for the crypto investors. But there is a lot going on at Dogecoin, including the recent Tesla acceptance, which is making the crypto coin popular. With Elon Musk’s influence, Dogecoin will be among the best crypto projects in 2022.
The Binance coin has been growing stronger over the last few days, especially during the bull market at the end of the first week of February. This is one of the coins that posted an over 10% increase during the bull market. The Binance coin is still expected to continue performing better in the market in the coming days due to the developments happening around the Binance blockchain. The demand for the Binance exchange and smart contact is growing the coin value. Therefore, a bullish BNB is expected.
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