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We continue with our column related to prices and news of the crypto world, in particular today we will focus on three interesting projects, which we have discussed before: Stellar (XLM), Quant (QNT) and Shiba Inu (SHIB).
Crypto market prices and statistics for Stellar (XLM), Quant (QNT) and Shiba Inu (SHIB)
Let’s start with Stellar (XLM), which in the last week recorded a decline of -11.31% bringing its price to $0.0772.
In terms of market statistics, the capitalization is $2.1 billion with a daily trading volume of $46.5 million. The circulating supply is 26.9 billion XLM with an average holding time fixed at 48 days.
It has also not been a good week for the Quant token, which has lost 13.4% of its value in the past 7 days, bringing its price to US$97.32.
Still, its capitalization remains above $1 billion, to the tune of $1.2 billion and a 24-hour trading volume of $16.9 million. The circulating supply is 12.1 million QNT and an average holding time of 30 days.
Let’s now turn to the best-known project, but also the one that has declined the most over the past 7 days, Shiba Inu. In fact, the project registered -17.4%, bringing its price to $0.00000658.
Market capitalization fell to $3.9 billion, with daily trading volume at $88.4 million.
The circulating supply is 589.3 trillion SHIB, with an average holding time of 196 days.
Let’s now turn to the news that has affected or will affect the tokens mentioned above.
Crypto news on Stellar: the price impact comparison with QNT and Shiba Inu
The Stellar network has made great strides in revolutionizing the world of decentralized finance (DeFi) and cross-border transactions.
In a recent development, Stellar wallets joined forces with Kado Money, a leading Web3 infrastructure company, to enable support for USDC (USD Coin) in more than 160 countries.
This collaboration marks an important milestone for both platforms and paves the way for greater accessibility and usability of cryptocurrencies on the Stellar network.
Kado Money, known for its innovative solutions in the Web3 space, has integrated its services with Stellar’s Anchor platform to provide deposit and withdrawal capabilities for Stellar wallets.
The addition of USDC support
The Anchor platform, designed to facilitate seamless fiat to cryptocurrency conversions, has been updated to include USDC support.
This integration allows users to seamlessly deposit and withdraw USDC directly from their Stellar wallets, opening new avenues for transactions in a stable and widely recognized digital asset.
The addition of USDC support to the Stellar network brings a number of benefits to users. USDC, a popular stable currency pegged to the U.S. dollar, offers stability and reliability in a volatile cryptocurrency market.
By leveraging USDC, users can reduce the risk of price fluctuations and enjoy a secure medium of exchange. In addition, USDC’s integration into the Stellar network improves interoperability with other blockchains, enabling seamless cross-chain transfers and transactions.
The expansion of Kado Money’s global on-ramp services to Stellar wallets in more than 160 countries is a significant development for the cryptocurrency community.
This partnership opens new opportunities for individuals and businesses around the world to participate in the Stellar ecosystem, facilitating faster and more convenient cross-border transactions.
By leveraging Kado Money’s services, users can easily convert their local fiat currencies to USDC and vice versa, providing a seamless bridge between traditional finance and the decentralized world.
The collaboration between Stellar Wallets and Kado Money highlights the growing demand for affordable and user-friendly cryptocurrency solutions.
With the growing popularity of cryptocurrencies, it has become increasingly important to bridge the gap between traditional financial systems and digital assets.
By enabling support for USDC on Stellar wallets, users now have the ability to transact in a reliable and widely accepted stable currency, further promoting mainstream adoption of cryptocurrencies.
In addition, the integration of USDC support into the Stellar network is in line with the platform’s mission to create an inclusive and accessible financial ecosystem.
Low transaction fees and fast settlement times make Stellar an attractive choice for individuals and businesses wishing to leverage blockchain technology for their financial transactions.
Shiba Inu’s lead developer announces the arrival of a new product
The Shiba Inu (SHIB) community is abuzz: Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu ecosystem, recently announced the launch of a new “physical” product.
Although details are still scarce, this development comes as no surprise to community members who have been eagerly awaiting updates and information about the official launch of Shibarium.
Kusama’s recent communication follows a period of silence that began in May, when he took what he called a “long vacation.” During this time, he assured SHIB Army that the development team was working diligently behind the scenes on important projects.
His silence served to symbolize his dedication and focus on the upcoming endeavor.
Although it is unclear whether this recent update is directly related to Shibarium, community members are speculating and crossing their fingers for interesting news.
Shibarium, a Layer-2 scalability solution for Ethereum (ETH), designed to enable decentralized application development (DApp), has been in the works for some time. The final launch is expected by August.
Other team members have spoken about a potential launch
Kusama himself predicted that the launch of the Shibarium mainnet is likely to take place in July. However, other team members have spoken of a potential August launch.
An official from the Shiba Inu ecosystem, estimated that the launch will occur in the third quarter of 2023. This timeline takes into account the testing processes and security reviews that must be completed to ensure a robust and secure product.
The anticipation for the launch of Shibarium is palpable within the Shiba Inu community. The introduction of a Layer-2 scaling solution will offer significant benefits, including improved scalability, faster transaction times and reduced fees.
These improvements will enable developers to create innovative DApps on the Shiba Inu blockchain, opening up new possibilities and use cases for the ecosystem.
As Shytoshi Kusama continues to provide updates and tease the upcoming product, the Shiba Inu community looks forward to more information.
The dedication and commitment of the development team to providing high-quality solutions is evident, and community members can look forward to continued growth and expansion of the Shiba Inu ecosystem.
In conclusion, the Shiba Inu community is abuzz with the announcement of the launch of a new “physical” product by the lead developer, Shytoshi Kusama.
Although details are still scarce, the upcoming release is in line with Kusama’s promise to provide numerous updates and information about the official launch of Shibarium.
Community members are eagerly awaiting the introduction of this Ethereum Layer-2 scaling solution, which is expected to improve scalability and enable the development of interesting dApps. As the launch date approaches, the Shiba Inu ecosystem is gearing up for an exciting growth phase.