Get the latest insights into Cosmos, Shiba Inu and Polygon prices and news in our ongoing cryptocurrency analysis series.

We’re continuing our series of in-depth analyses of the cryptocurrency industry in this article, and now we’ll look at the pricing and headlines surrounding the assets of Cosmos (ATOM), Shiba Inu (SHIB), and Polygon (MATIC).

Cosmos, Shiba Inu and Polygon

Prices and market data for the cryptoassets Cosmos, Shiba Inu and Polygon

Let’s discuss a day when these three assets performed less well than they could have and produced fairly subpar outcomes.

The price of Cosmos, to start, is US$6.45, down 4.73% over the past 24 hours. As a result, its market value has decreased as well, now standing at $2.3 billion.

We’re talking about $92.8 million in daily volume. The circulating supply, on the other hand, is 363.9 million ATOM, with a holding period of 154 days on average. The cryptocurrency is currently the 19th most popular asset.

Shiba Inu has also experienced significant losses, with its price dropping by 7.7% over the last day to 0.00000710.

The market value of the well-known cryptocurrency meme is $4.2 billion, and its daily trading volume is $107.5 million. 589.3 trillion SHIB are now in circulation, and the average holding period is 226 days.

Similar comments were made about the MATIC cryptocurrency, whose value dropped to $0.50 throughout the course of the day by a total of -6.6%.

In tandem, its capitalisation also decreased to $4.7 billion, with a $209.2 million trading volume over the previous day.

9.3 billion MATIC are in circulation, and the holding period is 95 days.

Let’s move on to the news that has influenced or could affect the cost of such crucial ecosystem components in the future.

The Cosmos update is almost here

With the impending release of version 12, Cosmos, the blockchain project recognized for its creative approach to interoperability, is getting ready for a huge overhaul.

This version, which is slated for release on September 13th, marks a significant advancement with the addition of the Liquid Staking Module (LSM).

The Cosmos community is eagerly anticipating a rebound despite the declining trend in ATOM’s pricing.

This upgrade is significant because it incorporates the Liquid Staking Module, a ground-breaking feature that aims to increase network liquidity and free up millions of dollars’ worth of ATOM tokens.

This development demonstrates Cosmos’ dedication to enhancing its ecosystem’s DeFi capabilities across various chains.

A significant part of this revolutionary renovation, Prop 821, was recently approved.

It will usher in a new age for ATOM by replacing the current staking, distribution, and penalty modules.

To assure the stability and resilience of the v12 release, thorough testing was done. This included end-to-end evaluations, integration evaluations, and differential testing.

This significant change to the Cosmos network will take place on September 13 at 16985500. This change has effects that go beyond just technical ones; it might potentially breathe new life into the blockchain staking ecosystem.

The overall amount of ATOM staked since August 2023 has decreased, according to recent data from Staking Rewards, which is concerning.

ATOM maintains a staking ratio of more than 68% and a market value of more than $1.65 billion despite problems in price performance.

Additionally, more than 905,000 staking wallets show the Cosmos community’s continued support for ATOM.

Shibarium’s noteworthy accomplishments

The Layer-2 blockchain known as Shibarium, which was just relaunched and has generated significant buzz, is poised to achieve an amazing milestone.

Shibarium’s daily transactions are quickly surpassing two million, indicating the platform is becoming more and more well-liked by users.

Data from the Shibariumscan Explorer show that transaction activity is steadily rising as the user base grows.

The number of transactions is currently just shy of the coveted two million mark. Despite the rise in transactions, there are still 1,125,603 connected wallets, which is a very consistent level.

In addition, more blocks have been mined, surpassing the outstanding milestone of 572,760.

Shibarium was rebuilt three weeks ago since its August 15 launch at the Blockchain Futurist Conference in Toronto couldn’t manage the load.

Multiple teams, including SHIB and the Unification Fund, collaborated with Polygon to launch Layer-2 again.

According to explorer Shibburn, a whopping 181,859,002 SHIB meme currencies were moved to invalid blockchain addresses, a remarkable 333% increase in the burning rate.

More specifically, 68,999,999 SHIB and 41,082,889 SHIB were burned in the biggest numbers, followed by 19,137,508 SHIB and 15,412,592 SHIB.

The Shibburn community looks back at Vitalik Buterin, co-founder of Ethereum, burning a significant amount of Shiba Inu coins in May 2021. The price trajectory of SHIB was significantly impacted by Buterin’s actions.

It is believed that the price of SHIB might have reached $0.00004225, a significant increase over the $0.00008845 level attained on October 28, 2021, had the SHIB tokens been sold instead being sent to Buterin.

The story of SHIB’s meteoric development and the significance of key figures in its course are still shaped by these historical occurrences.

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