SHIB, APE, PEPE Jump 8% Daily, Bitcoin Maintains $29K: Weekend Watch – CryptoPotato

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SHIB continues to gain momentum, and so has done another asset from the Shiba Inu ecosystem – BONE.
Bitcoin’s price performance continues to be rather underwhelming, with the asset remaining at essentially the same spot as yesterday at just over $29,000.
Most altcoins are also quite stagnant today, with little-to-no movements from ETH, BNB, XRP, and others. Shiba Inu is the only exception from the larger caps.
Shiba Inu’s largest digital asset – SHIB – has been among the best performers lately, gaining double digits in the past week, as CryptoPotato reported. Furthermore, the past 24 hours were quite positive for the second-largest meme coin as well, as it soared by another 8%. As a result, SHIB now trades close to $0.000011.
The situation with ApeCoin and Pepe is quite similar, at least on a daily scale. Both have jumped by somewhere between 7-8%. Consequently, APE has returned to $2, while PEPE is up to $0.000001333 on CMC.
The larger-cap alts have stalled since yesterday. ETH, DOGE, and TRX are slightly in the green, while BNB, XRP, ADA, and MATIC have posted insignificant losses.
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Expectedly, the cumulative market cap of all crypto assets has remained at the same spot at just over $1.170 trillion on CMC.
The primary cryptocurrency had a rather volatile start to the week as it dipped below $29,000 on Monday to register a weekly low. The bulls quickly intercepted the move and pushed the asset north. By Wednesday, BTC had bounced off to over $30,000.
Yet, that turned out to be another short-lived adventure for bitcoin above that level, and it quickly retraced to $29,500. The US CPI numbers on Thursday didn’t change the landscape all that much.
In fact, BTC has been quite stagnant since then and has remained in a tight range between $29,000 and $29,500 for the past 48 hours.
Its market capitalization stands just inches above $570 billion, while its dominance is below 49% on CMC.
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato’s Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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