SHIB
The second-layer protocol of Shiba Inu has reached an interesting benchmark, with a total value locked (TVL) hitting a new high of $8.57 million. Although SHIB's current TVL has dropped to $4.58 million, data shows that Shiba-related activity dominates with $3.06 million, followed by WoofSwap and ChewySwap contributing $875,270 and $497,016, respectively.
Wallet activity on Shibarium is also increasing, nearing 1.9 million addresses. This growth indicates high engagement, and new wallets may contribute to the recent SHIB highs during staking. Nevertheless, the community's steadfast participation continues to highlight Shibarium's long-term growth and innovation potential.
PEPE
PEPE shows exciting potential, forming a bull flag pattern on its 4-hour candlestick chart, which is a classic signal for a possible breakout. This setup suggests that the meme coin could exceed $0.000025 and potentially reach up to $0.000041. If this occurs, all current holders may regain profitability, highlighting PEPE's strong recovery prospects.
The Global Inflow/Outflow Metric (GIOM) adds to the optimism, showing weak resistance at $0.000023 and solid support from PEPE holders. This suggests that PEPE still has room for growth supported by a strong base of committed investors.
DOGE
Dogecoin started as a joke in 2013. It was created by Billy Markus and Jackson Palmer, featuring a Shiba Inu from a popular meme as its logo. Unlike Bitcoin, which has a limited supply, Dogecoin was designed to have an abundant supply. 10,000 new coins are mined every minute, with no cap. Initially a fun and friendly cryptocurrency, it quickly gained a loyal community.
In 2021, Dogecoin's value skyrocketed, with a market cap exceeding $50 billion. This growth was driven by social media and endorsements from celebrities like Elon Musk.
The technology behind Dogecoin is based on Litecoin, allowing for fast and easy transactions. Its ample supply makes it an ideal choice for small online transactions and rewarding content creators. Some view Dogecoin as a symbol of how online communities can influence the market. In the current cryptocurrency market, Dogecoin remains popular. Compared to other coins, it offers an easy entry into crypto. Although it started as a joke, its development shows that even a joke can have a significant impact.
ADA
Cardano has made a name for itself in the cryptocurrency world. It is a flexible and scalable platform designed for smart contracts, meaning it supports decentralized financial applications, new cryptocurrency tokens, and even games. The native currency ADA allows users to store value, make payments, and stake on the network. It positions itself as a competitor to Ethereum (ETH). What sets Cardano apart is its eco-friendly approach. Unlike other cryptocurrencies, it does not use energy-intensive methods but rather employs the Ouroboros proof-of-stake system. This makes it more energy-efficient and better for the environment.
In today's market, Cardano's unique features make it a standout participant. The blockchain is divided into two layers: one for transactions and another for smart contracts. This design helps process up to one million transactions per second. In March 2021, Cardano launched its native token, enabling safe and low-cost interactions with smart contracts. This improved efficiency and scalability. As the cryptocurrency market seeks more sustainable and scalable solutions, Cardano's approach could make ADA attractive to those interested in the future of blockchain technology.
