The cryptocurrency market is constantly evolving and three of the cryptocurrencies that are attracting investors’ attention are Tron (TRX), Shiba Inu (SHIB) and Cardano (ADA).
In this article we will review the current prices and market statistics of these cryptocurrencies, followed by the most recent news regarding them.
Prices and news of the Tron, Shiba Inu and Cardano cryptocurrencies
Tron is a blockchain platform founded by Justin Sun with the goal of decentralizing the web via blockchain technology. TRX it is the native cryptocurrency of this network. At the time of writing, the price of Tron (TRX) is hovering around $0.11.
Tron has a market capitalization of approximately $10.8 billion and a daily trading volume exceeding $280 million. The total supply of TRX is approximately 100 billion tokens, with a circulating supply close to 89 billion.
Shiba Inu is a meme cryptocurrency that has gained popularity due to its similarity to Dogecoin, but with an expanding ecosystem that includes ShibaSwap, a decentralized exchange. Currently, the price of Shiba Inu (SHIB) is around $0.000017.
SHIB’s market capitalization is approximately $10 billion, with daily trading volume hovering around $200 million. The total supply of SHIB is astronomical, with a quadrillion tokens, of which approximately 549 trillion are in circulation.
Cardan is an open-source blockchain platform that uses a research-based approach to develop advanced technologies. Founded by Charles Hoskinson, one of the co-founders of Ethereum, Cardano aims to create a scalable and secure blockchain network.
At the moment, the price of Cardano (ADA) is around $0.38. ADA’s market capitalization is approximately $13.5 billion, with daily trading volume approaching $260 million. The total supply of ADA is 45 billion tokens, of which approximately 35 billion are in circulation.
Recent news on Tron, Shiba Inu and Cardano
Recently, Tron has been making headlines due to its growing adoption in decentralized finance (DeFi).
The platform has seen a significant increase in total value locked (TVL) across its DeFi protocols, surpassing $10 billion. This increase was partly attributed to integration with several popular DeFi platforms and increased support for TRC-20 tokens.
Additionally, Tron announced a number of strategic partnerships, including one with a large streaming platform that aims to leverage the Tron blockchain to decentralize content distribution.
As for Shiba Inu, one of the most notable news was the introduction of Shibarium, a layer 2 solution that aims to improve scalability and reduce transaction fees on the Ethereum network.
Shibarium promises to make SHIB transactions more efficient and less expensive, which could incentivize greater use of the cryptocurrency.
Furthermore, the Shiba Inu community has been actively involved in charitable initiatives and fundraisers, increasing visibility and support for the project. Recently, Shiba Inu also announced collaboration with several NFT marketplaces, further expanding its ecosystem.
Cardano has continued to progress with its roadmap, with a particular focus on the Hydra update, which aims to significantly improve the scalability of the network. Hydra is a layer 2 protocol designed to increase transaction speed and reduce costs, making Cardano an even more competitive platform.
Additionally, Cardano has partnered with several government and non-government organizations in Africa to implement blockchain solutions that address issues of digital identity and financial inclusion.
Recently, Cardano also announced the launch of new tools for developers, making it easier to build decentralized applications (dApps) on its platform.
Conclusions
Tron, Shiba Inu and Cardano are three cryptocurrencies with very different characteristics and goals, but they are all making significant steps in their development.
Tron continues to expand into the DeFi space, Shiba Inu is improving its scalability and efficiency, while Cardano is moving forward with technology upgrades and strategic partnerships.
The future of these cryptocurrencies looks promising, with developments that could lead to greater adoption and market value. Investors and enthusiasts should keep an eye on these cryptocurrencies to see how they evolve in the coming months.
