Cardanoâs Big Flip Potential, and Ripple Teams Up with Coinbase for Major Event đš
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The crypto market is buzzing with exciting developments, from Shiba Inuâs mysterious burn rate freeze to Cardanoâs battle to reclaim its spot in the top 10, and Rippleâs collaboration with Coinbase for a pivotal industry event. Letâs dive into the latest updates that every crypto enthusiast should keep on their radar!
đ„ Key $SHIB Metric Frozen: Whatâs Happening?
In an unusual turn of events, the Shiba Inu (SHIB) burn rate has seemingly come to a standstill over the past few days. On-chain data reveals that no SHIB tokens were sent to dead-end wallets recently, a key process that reduces the circulating supply and supports the tokenâs value. According to Etherscan, the last significant burn of 1.7 million SHIB occurred five days ago, while Shibburn data indicated a minimal burn of less than 100,000 SHIB two days ago.
Interestingly, Shibburn also reported a 1,088% rise in the SHIB burn rate, but this increase is misleading as the daily burn rate is currently at zero. The SHIB team has yet to provide an official explanation, but similar situations have occurred in the past during periods of major updates and integrations within the ecosystem. Could this freeze signal something big on the horizon for SHIB holders? Only time will tell.
đ„ Cardano ($ADA ) Set to Flip TRX and DOGE?
Cardano (ADA) has been locked in a fierce competition to secure its place among the top 10 cryptocurrencies by market cap. Recently, it was surpassed by TRON (TRX), which gained momentum from the success of its meme coin launchpad, SunPump. Despite reclaiming its 10th spot briefly, ADA has once again slipped to 11th, trading at $0.3817 with a market cap of $13.7 billion.
However, analysts remain optimistic about ADAâs chances of overtaking both TRX and Dogecoin (DOGE). The highly anticipated Chang hard fork is expected to be a game-changer, potentially driving ADAâs price to new heights. If Cardano can maintain steady growth, a sustained flip could be on the horizon, positioning ADA as a formidable contender in the crypto space.
đ Ripple Teams Up with Coinbase for Major Upcoming Event
As the crypto world gears up for a series of major events this fall, Ripple has announced an impressive lineup of speakers for its upcoming Ripple Swell 2024 event, set to take place on October 15-16 in Miami, Florida. Leading the charge is Ripple CEO Brad Garlinghouse, who has been instrumental in advancing Rippleâs mission to revolutionize cross-border payments through blockchain technology.
Joining him will be Philip Martin, the Chief Security Officer of Coinbase, alongside other industry heavyweights such as Adrienne Harris, Superintendent of the New York Department of Financial Services (NYDFS); Francisco Maroto, Global Head of Blockchain and Digital Assets at BBVA; and Tim McCourt, Senior Managing Director at CME Group. This event promises to be a cornerstone for discussions on the future of blockchain and digital assets, with Ripple at the forefront of these transformative conversations.
đ Stay Tuned for More Updates!
Whether you're tracking SHIBâs burn rate, monitoring ADAâs battle for market dominance, or looking forward to Rippleâs next big move, the crypto space is full of opportunities and potential game-changers. Keep your eyes peeled for more updates, and donât miss out on these exciting developments!
