ETH, DOGE, and SHIB: The Must-Watch Cryptocurrencies of the Week

Last week, the cryptocurrency market experienced significant growth, with the global crypto market cap reaching $2.32 trillion, marking a 16% surge. As we enter a new week, there are a few altcoins that investors should keep an eye on, namely Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB).

ETH, DOGE, and SHIB have all shown promising price movements. Starting with Ethereum, it has seen a 9.6% increase in value this week. While Bitcoin received much attention from market participants, Ethereum capitalized on the rally and surpassed psychological resistance levels that had previously posed challenges during its previous rallies. It started the week on a positive note, breaking through resistance at $3,200 and $3,300. On February 28, it experienced a significant surge of 4.40% amidst Bitcoin’s rally, reaching a peak of $3,521. Although it faced a pullback on February 29, dropping 1.33%, it managed to recover and currently trades at $3,411.

Moving on to Dogecoin, it has had an even more impressive week, recording a 55% surge in value. Starting the week at a modest price of $0.08611, Dogecoin had been in a consolidation phase, fluctuating between $0.094 and $0.076 since the beginning of the year. However, on February 27, it successfully surpassed the resistance level at $0.09438 and reached a peak of $0.10058. It continued its upward trend and hit a 16-month high of $0.15074 on March 2. Despite a 6.07% drop today, it still maintains a considerable 55% gain for the week, currently trading at $0.13335.

Finally, Shiba Inu has also made significant gains, making it to the top gainers’ list. Starting the week at the $0.000009 level, Shiba Inu took advantage of the market uptrend and recorded substantial intraday gains. On March 1 and March 2, it achieved its largest intraday gains of 34.33% and 33.93%, respectively, flipping MATIC, DOT, and TRX to become the 12th largest asset by market cap. It breached the $0.00001 and $0.00002 zones, reaching a 22-month high of $0.00002390 on March 2. Despite a retracement, Shiba Inu remains among the top 5 gainers this week, currently trading at $0.00002176 with a 125% weekly gain.

Overall, these altcoins have shown promising price movements and should be closely watched by investors.