Markets Daily Crypto Roundup
CoinDesk Markets Week in Review
Mar 8, 2024
Explore the performance of cryptocurrencies like Shiba Inu, Bitcoin Cash, and Ethereum Classic. Learn about global crypto regulation, tokenization, and the impact of AI. Discover altcoin investment opportunities in the Computing Index and DeFi.
04:27
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Quick takeaways
- Altcoins in the Computing Index offer promising investment opportunities with substantial returns, highlighting potential growth in the AI-related crypto sector.
- The performance of the CoinDesk Market Index suggests that the current bull market might just be the beginning, driven by high altcoin returns.
Deep dives
Market Highlights and Altcoin Performance
Meme Coin Shiba Inu has shown significant gains, doubling in value over the week and almost two and a half times month-to-date. Bitcoin Cash and Ethereum Classic have also performed well, with gains of 38% and 28% respectively. Pepe has seen a remarkable increase of over 6 times in the past month. Greg Magadini notes the strong performance of the CoinDesk Market Index, emphasizing that the current bull market may just be the beginning due to high altcoin returns.
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