Week 40: Shiba Inu (SHIB), Bitcoin (BTC) and Wrapped Bitcoin (WBTC) are the top 20 performing cryptos of the week.
A new week full of crypto news is coming to an end. The world’s 20 largest cryptos show very disparate results. Over the last 7 days, the changes vary from – 16% to + 212%! Who are the promo majors of the week? These are Shiba Inu, Bitcoin and Wrapped Bitcoin.
SHIBA INU (SHIB)
Dogecoin’s nemesis, the Shiba Inu, flew away this week. The reasons for the increase are still hypothetical. We talked about the supposed upcoming SHIB listing on Robinhood , whale movements or a tweet from Elon Musk . Reality is undoubtedly a clever mixture of all these reasons.
Still, the price of Shiba Inu has gained 212% over the last 7 days . It is now the 20th largest crypto in the world.
Bitcoin (BTC)
Of course, we no longer present Bitcoin, the world leader in cryptos, far ahead of Ethereum, Cardano and Binance Coin. BTC received heavy support during this week. Indeed, the investment fund Soros Fund Management has announced that it owns and trades Bitcoin .
This official stance further strengthens the credibility of Bitcoin. The price of BTC rose 9% within 24 hours of the announcement. In total, Bitcoin ends the week with a price around € 47,700, an increase of around 13% .
Wrapped Bitcoin (WBTC)
Bitcoin’s representative on the Ethereum blockchain, the Wrapped Bitcoin (WBTC), also appears to have benefited from the Bitcoin surge. No wonder since Wrapped Bitcoin is backed by Bitcoin in a 1: 1 ratio.
Wrapped Bitcoin allows its holders to access decentralized finance (DeFi) applications while taking advantage of the potential of Bitcoin. Like BTC, WBTC is up 13% over the past 7 days . The WBTC is currently in 17th place in the ranking of global cryptos.
