CoinDesk Podcast Network
MARKETS DAILY: CoinDesk Markets Week in Review
Mar 1, 2024
A review of the weekly cryptocurrency market performance, focusing on meme coins like Dogecoin and Shiba Inu, along with insights on the market's growth in February and the dominance of assets like Bitcoin and Ethereum.
04:53
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Quick takeaways
- Meme coins like dogecoin and Shiba Inu surged significantly, while assets like Food Polygon, Uniswap, and Chainlink did not see double-digit returns.
- Sector-wise, information tech and utility sectors showed remarkable gains, with rise in web3 gaming attracting more blockchain adopters.
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Crypto Market Insights
Meme coins like dogecoin and Shiba Inu surged significantly, with dogecoin up by 49% and Shiba Inu by 41%, while assets like Food Polygon, Uniswap, and Chainlink have not seen double-digit returns. Outside the CoinDesk 20, meme coins pepay and bonk led the 189 asset market index with notable gains. TruVius CEO Connor Farley highlighted the substantial growth in digital asset markets in February, especially after the SEC's approval of the spot Bitcoin ETF.
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