- Important Message for Shiba Inu Holders
- XRP and XLM Price Correlation
- Cardano Activity Surge after Hard Fork Announcement
In the last days of August, several interesting events occurred in the crypto world. In this review, we will discuss important updates about Shiba Inu, Ripple, and Cardano.
Important Message for Shiba Inu Holders
Shiba Inu lead, Shytoshi Kusama, has once again reminded the SHIB community about the importance of being cautious in the world of crypto. In a recent X post, Kusama wrote: "If I didn’t RT, I didn’t co-sign. Be careful frens," meaning that any information or endorsements that were not directly retweeted by the SHIB lead should be approached with caution. Considering how often fake accounts pretending to be SHIB team members or official Shiba Inu X handles emerge, this warning is highly relevant. For example, there is a ShibArmy Scam Alerts account dedicated to exposing SHIB-related scams and informing the community about suspicious accounts, groups, or channels on social media on a daily basis.
XRP and XLM Price Correlation
Ripple CTO David Schwartz recently shared interesting insights about the correlation between XRP and Stellar's token, XLM. Schwartz noted: "The only real objective data point I have is that XRP tracks the price and market cap of XLM incredibly well over all time frames." This comment suggests that XRP and XLM share a closely linked trajectory despite the complexity of factors influencing price action. Both tokens are intended to facilitate cross-border payments, which might explain the observed correlation. However, the exact reasons for this correlation remain uncertain, as Schwartz himself acknowledged.
Cardano Activity Surge after Hard Fork Announcement
On Saturday, Aug. 31, Cardano saw a surge in activity, with transaction volumes rising to 16.33 billion tokens. This moved sparked speculation about the possible return of bullish trends, which could change the game for the market. The rise in ADA transaction volume followed the announcement of the Chang hard fork date; the mainnet upgrade was successfully launched on Sept. 1. Despite the positive anticipation, ADA's price remained unaffected, trading at $0.333, down 1.86% over the past 24 hours, according to CoinMarketCap.
The crypto world continues to be dynamic and unpredictable. Stay updated with the latest news and always verify information from reliable sources.
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