SHIB, APE, PEPE Jump 8% Daily: Bitcoin Maintains $29K in Weekend Watch

• Shiba Inu (SHIB) and other assets of its ecosystem, such as ApeCoin (APE), Bone (BONE), and PepeCash (PEPE) have seen a strong 8% daily growth.
• Bitcoin’s price performance has been rather unimpressive with the asset remaining at just over $29,000.
• Other larger cap altcoins have remained stagnant with little-to-no movements.

Crypto Market Watch: SHIB, APE, PEPE Jump 8%

The crypto market continues to see significant gains from select projects with SHIB being among the best performers lately. SHIB has recorded a double digit gain in the past week while also soaring by another 8% in the past 24 hours. As a result, it now trades close to $0.000011 while other assets from its ecosystem like ApeCoin and PepeCash have similarly jumped by 7-8%.

Bitcoin Price Performance Remains Unimpressive

Despite some activity on the altcoin side of things, Bitcoin’s price performance continues to remain uninspiring with the asset staying at just over $29,000 for most of today. Other larger cap altcoins like Ethereum (ETH), Binance Coin (BNB), XRP, Cardano (ADA) and Matic Network (MATIC) have also all posted insignificant losses or gains.

Shiba Inu Ecosystem Gains Momentum

The Shiba Inu ecosystem is gaining momentum with both SHIB and BONE recording notable gains recently. While SHIB is currently trading around $0.000011 mark, BONE has surged by nearly 20% since yesterday and is now trading at around $0.0000007 level according to Coingecko data .

Altcoin Market Continues Its Uptrend

Apart from these two assets from the Shiba Inu ecosystem, other major altcoins are quite stagnant today without much movement in terms of prices or trading volumes. However, this may be attributed to traders being more focused on buying into select projects that show good potential for further gains instead of spreading out their investments across multiple coins that are not seeing much action yet.

Conclusion

This weekend’s market watch has revealed that while Bitcoin remains relatively uneventful with only minor changes in price, certain assets from the Shiba Inu ecosystem are still recording strong gains on a daily basis which could indicate further bullishness for these digital coins as they continue to grow in popularity amongst traders and investors alike.