VeChain Up 25% Since Bottom Call, Shiba Inu Soars 90% After Musk Tweet

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Last Updated on 6 October 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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The crypto market is in a clear revival now that Bitcoin has once again breached $51k and more and more people are joining the cryptosphere. We’ll have a quick look at two altcoins which have been having a fabulous week.

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VeChain up since bottom

Last week 2 famed crypto analysts known as CryptoMich (Michael Van de Poppe) and Wolf of All Streets (Scott Melker) claimed that VeChain had probably bottomed at $0,09.

The small supply chain focused altcoin has since crawled up some 25% in a week to reach $0,11. Already we wonder where it will end the year.  Can it repeat the magnificent bull run seen in Q1?

Shiba Inu Sees Musk effect

Tesla boss Elon Musk went onto Saturday Night Live as a host this year and during a segment called Weeked Update, he tried to further boost his beloved Dogecoin. Problem was this that weekend turned out to be the top for the Siba Inu themed memecoin which has since fallen from 70 cents to around 25 cents today. However, multiple other Shiba Inu themed memecoins have since popped up, with Shiba Inu itself being the most famous one.

As Musk this weekend tweeted a picture of his new puppy, several Dogecoin related coins have known a fabulous time. All that we are asking is whether he’ll get in trouble with the SEC for this.