Bitcoin (BTC) managed to break the $ 44,000 level around 2 am Malaysian time. This surge is sure to invite the excitement of crypto investors as finally the market is already in the relief phase.
However, two meme assets: Dogecoin (DOGE) and Shiba Inu (SHIB), including XRP stole the spotlight with a remarkable price increase.
What happen?
Ripple (XRP)
XRP recorded a price increase of nearly 15% over the same period before hitting a daily high, $ 0.87 per unit on February 8th.
The move is closely linked to the decision of judge Analisa Torres who has already approved Ripple’s application to respond to the Securities and Exchange Commission’s (SEC) Legal Memorandum.
The intended response is in support of the Motion to Strike fair notice defense.
Torres has also ordered three important documents involving the SEC-Ripple case opened, including several chain emails and a notice of destruction; including a string of emails from Ripple CEO Chris Larsen.
Dogecoin (DOGE)
The asset posted an increase of over 11% before hitting a daily high, $ 0.17 per unit.
The surge is a result of the launch of the Dreaming Doge pixel non-fungible token (NFT) collection on February 4th.
The last 3 “dream” types of my dreaming doge NFTs have been released.
8 of each type with 88 total editions are in the collection.
Link: https://t.co/RNfsZulW5v
These are pixel art NFTs of a small doge with big dreams. Feel free to dl, they work nicely as a phone background! pic.twitter.com/NDRU6nErmG
- Shibetoshi Nakamoto (@BillyM2k) February 3, 2022
At the same time, Tesla founder - Elon Musk took the opportunity by re -uploading a meme he once shared on Twitter a year ago:
So it’s finally come to this… pic.twitter.com/Gf0Rg2QOaF
- Elon Musk (@elonmusk) February 7, 2021
Shiba Inu (SHIB)
SHIB topped the performance of DOGE, XRP with a record jump of over 26% over the same period.
This positive news is linked to the launch of a fast food premise with the concept of Shiba Inu (SHIB) has been inaugurated in Italy.
The idea was sparked through a collaboration with Welly’s fast food chain.
Developer Shiba Inu revealed testnet in general: a layer-2 solution will be launched soon and this has the potential to bring wider network exposure to its users.
At the time of writing, BTC is trading at $ 43,921 with an increase of over 3% in 24 hours.
This positive movement of the crypto king has also pushed the altcoins market to a price consolidation level:
Ethereum (ETH): $ 3,139, up over 3%
Cardano (ADA): $ 1.23, up over 5%
Solana (SOL): $ 116.83, up 0.26%
Terra (LUNA): $ 58.38, up over 4%
Polkadot (DOT): $ 22.46, up over 2%
Avalanche (AVAX): $ 83.43, up nearly 5%
