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Welcome to the latest update on the news and prices of the most interesting crypto assets of the moment: Decentraland (MANA), Cronos (CRO), and Shiba Inu (SHIB).
In this article, we will take a closer look at the latest news regarding these three cryptocurrencies, as well as recent price movements and potential implications for investors.
Prices and market statistics of crypto assets Decentraland (MANA), Cronos (CRO), Shiba Inu (SHIB)
Let’s start with the first project, focusing on the Metaverse: Decentraland (MANA). In the last 24 hours, the MANA token has lost 6% of its value, compared to an equally negative month (-22%), and currently the price is $0.37.
As for market statistics, the market capitalization is $700.2 million, with a trading volume of $43.9 million. The circulating supply remains very large with 1.9 billion MANA and a holding time of 74 days.
Things are not so good for the world’s most famous memecoin, Shiba Inu, the SHIB token in the last 24 hours has lost 4.5% of its value bringing its price to $0.000000727.
The market capitalization is firm at $4.3 billion, with a trading volume in the last 24 hours of $97.8 million.The circulating supply is 589.3 trillion SHIB and an average holding time of 207 days.
The Cronos (CRO) crypto has seen an increase in the last week (4%) and its price stands at $0.056.
The token’s capitalization is $1.47 billion with a trading volume of $5.4 million in the last 24 hours.
As for the circulating supply, it is 26 billion CRO tokens.
Let’s now proceed to a series of news, which have or may affect the price of the projects mentioned above.
Decentraland (MANA) has fallen behind in the current upswing in the crypto world
Decentraland (MANA), a pioneering P2E game based on blockchain, has faced challenges in the current cryptocurrency market recovery.
Despite its previous success, the project has struggled to maintain its momentum, leaving investors in its native token, MANA, hanging in uncertainty.
In light of this situation, some experts recommend an alternative token, a hybrid memecoin, which promises faster portfolio recovery and potentially higher returns on investments in 2023.
Decentraland’s price has fallen significantly, dropping more than 93% from its all-time high.
According to CoinMarketCap, a staggering 84% of MANA investors are currently at a loss with their portfolios, with only 14% in a profitable position and 2% breaking even.
These figures reflect the difficult year Decentraland and its investors have faced as bearish market conditions have taken their toll on the project.
In addition, the number of MANA “whales”-investors holding more than $100,000 worth of MANA-has dropped dramatically.
From 5 January to 21 June, the number of such investors dropped from 851 to 614, as reported by CoinMarketCap. This decrease in the number of large investors contributed significantly to the downward trend in MANA’s price.
MANA’s hope for recovery
Despite the current difficulties, experts believe that Decentraland’s price has the potential to recover and even reach $2.
However, such a rebound would require a powerful catalyst and a substantial influx of new investors.
Although it may seem like a long shot, many investors are unwilling to wait for Decentraland’s potential recovery and are instead cutting their losses and shifting their attention to an alternative token called Pikamoon.
Pikamoon is a hybrid memecoin that has captured the interest of investors because of its promising prospects.
It offers significant potential returns before the end of 2023, making it an attractive option for those looking to recover their portfolios more quickly.
With Decentraland struggling to regain its momentum, many investors are considering switching to Pikamoon as a way to maximize their profits.
As the cryptocurrency market continues to evolve, it remains to be seen whether Decentraland will be able to regain its former glory or whether alternative tokens like Pikamoon will dominate the spotlight in the coming months.
Shibarium completes 25 million transactions: impact on Shiba Inu (SHIB) and comparison with MANA and CRO crypto assets
Shibarium, the layer-2 blockchain for Shiba Inu (SHIB), has reached a major milestone with its testnet “Puppynet” completing 25 million transactions.
This surge of activity on the Shibarium network suggests growing demand and potential long-term momentum for the price of SHIB.
Since its launch on 11 March, the Puppynet beta has seen a substantial increase in transaction volume. According to data from the Puppyscan blockchain explorer, the network reached 10 million transactions on 20 May and 20 million transactions on 11 June.
In addition, the total number of blocks processed by Shibarium beta Puppynet exceeded 1.45 million and the number of wallet addresses rose to 16.98 million.
These statistics demonstrate the stability and scalability of the blockchain, with an average block time of 5 seconds and a rate close to 1 Gwei.
The Shiba Inu community eagerly awaits the announcement of the Shibarium mainnet by lead developer Shytoshi Kusama.
In some recent tweets, Kusama and Lucie, SHIB marketing specialist, hinted at the imminent release of Shibarium.
Lucie also mentioned the release of the “Worldpaper” before the mainnet launch, which will provide detailed information about the Shiba Inu ecosystem.
This includes various tokens such as SHIB, BONE, LEASH, and Treat, as well as platforms, products, and services associated with Shibarium. The Worldpaper aims to show the potential of decentralization and how the Shiba Inu project can have a positive impact.
Kusama moves away from direct management of Shibarium
In addition to the release of Shibarium, Kusama will move away from direct management as the community takes over governance of Shibarium’s governance token, BONE, and other ecosystem tokens.
This step toward decentralization is in line with the project’s vision and will allow the community to play a more active role in shaping its future.
The team intends to fulfill the checklist items and initiatives outlined by Shiba Inu founder Ryoshi, which include projects such as Shiba Eternity Game, F&B, AI, DAO, and Shibarium. By realizing these goals, the team intends to demonstrate to the world its ability to not only start strong, but to finish even stronger.
With the Shibarium test network reaching the impressive milestone of 25 million transactions, it is clear that there is significant interest and activity around the Shiba Inu ecosystem.
The imminent release of the Shibarium mainnet, along with decentralization efforts and the release of the Worldpaper, has generated excitement in the SHIB community.
As the project progresses, it will be interesting to see how these developments will affect the price and future prospects of SHIB and other tokens in the Shiba Inu ecosystem.