The latest information and price performance of the 3 cryptocurrency projects Cosmos (ATOM), Shiba Inu and ARPA.
Here is today’s update.
Cosmos (ATOM), Shiba Inu and ARPA: news from the 3 cryptocurrency projects.
Following last week’s latest news from Cosmos, which mentioned the integration of the ATOM ecological system into the renowned hardware wallet provider Ledger, now the cryptocurrency project has shared new updates with its “Cosmonauts” crypto-community.
This is the launch of the new Neutron (NTRN) crypto token as the Cosmos Hub consumer chain, an event organized in 3 phases, which started yesterday and will end on 5 June.
The Shiba Inu project, on the other hand, persists to progress from a technological standpoint, with the 11 Million transactions recorded on its Layer 2 beta, the Shibarium Puppynet.
Not only that, dedicated to its Shibarmy, Shiba Inu (SHIB) announced the new SHIB-themed cold wallets made by Tangem, pre-orders for which will begin on 29 May.
And finally, the ARPA project boasts to its Twitter followers that it is among the Top 10 most searched cryptocurrency assets on LunarCrush, the social intelligence platform for digital currencies, Non-Fungible Token (NFTs) and stocks. In reality, ARPA ranks sixth.
ARPA marks a 120 percent price pump in the past 7 days
Taking a look at the price performance of the 3 digital currencies, we see that ARPA in particular appears to be the one bucking the trend, registering a positive tendency move that has taken its value back to the days of December 2022.
In particular, ARPA has registered a 120 percent pump in the past 7 days. Its value has thus risen from $0.048 to the present $0.106.
Not only that, the market capitalization has likewise experienced the same tendency, becoming at the time of publication nearly $132 million. Thanks to this achievement, its position in the overall cryptocurrency ranking likewise sees it boost to 177th position.
ARPA Network (ARPA) is a secure decentralized computing network built to make better blockchain tech equity, security and privacy.
The ARPA threshold BLS signature network serves as a verifiable random number generator (RNG) infrastructure, secure wallet, bridge betwixt chains, and decentralized custody on numerous blockchains.
Who knows whether this latest appreciation by ARPA investors is motivated by Randcast, a verifiable random number generator (RNG), which is the 1st app leveraging ARPA as infrastructure.
Cosmos (ATOM), Shiba Inu (SHIB) (SHIB): price performance speaks of bear market
In contrast to ARPA, the two cryptocurrency assets of ATOM and SHIB are seeing more of a bear market trend.
And yes, regardless of the good news, ATOM has dumped 3.70 percent in the past 7 days and 2.50 percent in the past month. At the time of publication, ATOM is worth $10.49, but its $3 Billion market capitalization puts it in 21st position in the overall digital currency rankings.
Nonetheless, the one struggling to boost in price is SHIB, the “ Dogecoin (DOGE) Killer” which can no longer keep up with its rival. SHIB is experiencing a price dump of 2.87 percent in the past 7 days but 16.90 percent in the past month.
Its market capitalization of $5 Billion keeps it in 15th position, still far behind the 8th cryptocurrency DOGE.