Shiba Inu (SHIB), ARPA, and Cosmos (ATOM) are three major cryptocurrency projects to follow. In the dynamic crypto market, examine these cryptocurrencies’ developments and trends.
Cosmos recently shared an update with its “Cosmonauts” crypto-community, revealing the integration of the ATOM ecosystem into the popular hardware wallet manufacturer Ledger, following the announcement made last week.
A three-part event that began yesterday and ends on June 5th is the debut of the new Neutron (NTRN) token as the Cosmos Hub consumer chain.
With 11 million transactions logged on its Layer 2 beta, the Shibarium Puppynet, the Shiba Inu project, on the other side, keeps making technological advancements.
Additionally, Shiba Inu unveiled the new SHIB-themed cold wallets created by Tangem, for which pre-orders will start on May 29. Shiba Inu is dedicated to its Shibarmy.
Last but not least, the ARPA project brags to its Twitter followers that it is one of the ten most searched-for cryptocurrencies on LunarCrush, a social intelligence platform for cryptocurrencies, NFTs, and equities. In reality, ARPA comes in sixth.
In the last seven days, ARPA’s price has risen by 120%
When comparing the three cryptocurrencies’ price performances, we can observe that ARPA in particular appears to be defying the trend, recording a bullish movement that has brought its price back to the month of December 2022.
In the last seven days, ARPA has specifically recorded a 120% pump. As a result, its cost increased from $0.048 to the current $0.106.
Additionally, the market valuation has followed a similar trajectory and is now close to $132 million at the time of writing. Because to this accomplishment, it moves up to place 177 in the overall crypto ranking.
A secure decentralized computing network called ARPA Network (ARPA) was created to enhance the privacy, security, and equity of blockchain technology.
A verified random number generator (RNG) infrastructure, secure wallet, link between chains, and decentralized custody on several blockchains are all functions of the ARPA threshold BLS signature network.
Who knows if Randcast, the first application to use ARPA as infrastructure, which is a verified random number generator (RNG), is the cause of this most recent increase in value by ARPA investors.
Price performance speaks of a bear market for Cosmos (ATOM) and Shiba Inu (SHIB)
In contrast to ARPA, the bear market trend is stronger for the two crypto assets ATOM and SHIB.
In spite of the excellent news, ATOM has actually dropped 3.70% in the last week and 2.50% in the last month. As of the time of writing, ATOM has a value of $10.49 and a market size of $3 billion, positioning it as the 21st ranked cryptocurrency among all others.
SHIB, the “Dogecoin Killer,” is the one whose value is struggling to increase as it can no longer compete with its competition. Price drops for SHIB have been 2.87% during the last week but 16.90% over the last month.
With a $5 billion market valuation, it is in 15th place and is still far behind DOGE, the eighth cryptocurrency.