SHIB Jumps 5%: Shibarium Beta Launch Sees BTC Above $29K

• The Shiba Inu token (SHIB) jumped 5% following the launch of its Shibarium Beta.
• Bitcoin’s price performance remains underwhelming, but it has managed to stay above $29,000.
• Other altcoins are also up slightly, with gains of up to 2% from DOGE and SOL.

SHIB Jumps 5% Following Shibarium Beta Launch

The Shiba Inu token (SHIB) recently jumped 5%, following the launch of its Shibarium Beta. This decentralized exchange will enable users to trade SHIB for other tokens without having to worry about liquidity issues or high fees. As a result of this news, SHIB is now one of the top gainers on a daily scale amongst all major cryptocurrencies.

BTC Stands Still Above $29K

Despite the excitement surrounding SHIB’s new platform, Bitcoin’s price performance continues to be quite underwhelming. That said, BTC has managed to sustain above the $29,000 level despite some minor fluctuations throughout the week. Altcoins such as Dogecoin and Solana have also seen slight gains in value – up to 2%.

US Fed Interest Rate Hike Fails To Deliver Volatility

Even after the US Federal Reserve raised interest rates on Wednesday, there was no noticeable increase in volatility for Bitcoin or any other major cryptocurrency asset. BTC’s market capitalization remained below $570 billion and its dominance over altcoins dipped slightly down to 48.1%.

Other Gaining Cryptocurrencies

Aside from SHIB, other top performing cryptocurrencies on a daily basis include QNT and MKR – both seeing gains of around 3%. Additionally, LINK saw an increase in value by over 4%, while BAND saw a rise of more than 6%. It is likely that these assets could continue their upward trajectory over the weekend if market conditions remain favorable.

Altcoins Seeing Mixed Results

Altcoins have been seeing mixed results overall this past week with some experiencing significant losses while others have seen moderate growth in value. Ethereum witnessed a slight dip in prices as it dropped by 0.5%, whereas XRP saw an even bigger decline with losses of more than 2%. On the flip side Cardano and Litecoin were able to post modest gains – each increasing by 0.4% since last week’s close