Major cryptocurrencies exhibit minimal fluctuations in anticipation of significant economic data from the U.S., while certain assets like Dogecoin and Shiba Inu demonstrate notable variances.
Minimal Changes in the Cryptocurrency Market
In the past day, leading cryptocurrencies such as Solana, XRP, Ether, and BNB recorded gains of under 3%. Dogecoin surprised with a 5.5% rise, leading to upward trends among meme tokens, including slight increases in PEPE and MOG.
Shiba Inu's Rising Popularity
Shiba Inu has garnered attention with an 11% increase, alongside a staggering 228% rise in trading volume on ShibaSwap. This surge is also reflected in a more than 20% uptick in SHIB futures trading, indicating an increased risk appetite among traders.
Analysts' Expectations and April's Prospects
Ahead of the PCE data release, experts point out Bitcoin's stable pricing suggests a market on pause. April might be favorable for risky assets, and optimism is supported by expected market changes with the release of key economic statistics.
Market participants are preparing to adjust their strategies in anticipation of significant U.S. economic data that could sway market dynamics substantially.
