Ethereum hits all-time high, SHIBA INU explodes, Squid Game coin up 75,000% this week - Ben Samaroo

(Kitco News) - Altcoins lead the charge in this week's crytpo marketaction, with Ethereum hitting an all-time high on Friday. Other notablementions include SHIBA INU, and Squid Game, a new token inspired by the hitNetflix series "Squid Game."

Ben Samaroo, CEO of WonderFi, discusses with David Lin,anchor for Kitco News, why the markets are up this week and what futureadvances in DeFi will do for the investment landscape.

"Everybody's excited about Ethereum. There have been sometechnical upgrades to the [Ethereum] network, which is just providing some moreconfidence. Bitcoin has recently hit all-time highs. That's definitelyproviding more excitement about the space, people are looking at the assetclass a lot more," Samaroo said.

SHIBA INU climbed 20% on Friday, while Squid Game coinrallied 75,000% in one week.

For more information on altcoins and DeFi, watch thevideo above.

Follow David Lin on Twitter: @davidlin_TV.

Follow Kitco News on Twitter: @KitcoNewsNOW

By David Lin

For Kitco News

Follow @davidlin_TVdlin@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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