Crypto News Digest by U.Today
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Check out the top four news stories from the past day that U.Today presented to you.
The founder of Shiba Inu deletes all information on social media
Yesterday, pseudonymous Shiba Inu founder Ryoshi decided to follow Satoshi Nakamoto’s lead and deleted all of his tweets and his personal blog posts. The creator of the “Dogecoin killer” stated that he wants the community to move forward if he were to one day be gone without notice. It remains unknown if Ryoshi plans to return to the Shiba Inu community with new ideas. Ryoshi’s sudden departure does not appear to affect the price of the SHIB token. It is currently trading at $0.0000116, according to CoinMarketCap, down 1.4%.
Currently, Shiba Inu is valued at $6.4 billion, making it the 16th largest cryptocurrency by market capitalization.
The number of BabyDoge holders rises to 1.5 million ATH, surpassing Shiba Inu
BabyDoge, one of the newest meme cryptos on the market, continues to gain ground as more and more people add it to their wallets. Since February of this year, the number of BabyDoge wallets has increased by about 200,000, reaching a new historic high of 1.5 million. Another meme crypto, Shiba Inu, now has a holder number behind BabyDoge’s. Currently, the total number of SHIB holders stands at 1,172,506, up 32,000 in May. However, it’s worth noting that, according to bloxy.info, the absolute majority of BabyDoge’s offerings (1 quadrillion coins) are held by just five purses.
Cardano native assets minted reach five million, ADA spikes 12%
Charles Hoskinson’s 2020 prediction of “hundreds of assets” created on Cardano seems to be manifesting. According to pool.pm data, the number of native assets issued on the Cardano blockchain is currently 5,019,030, with 54,831 different coin policies. Cardano can also boast of recording the highest 24-hour adjusted transaction volume. Responding to a critic who called Cardano a “Ghostchain”, Hoskinson noted that his brainchild outperformed leading cryptocurrencies such as Bitcoin and Litecoin in adjusted transaction volumes, with a 24-hour volume of $9.15 billion. Meanwhile, Cardano’s own trump card, ADA, managed to recover over the weekend, up 12%. At the time of writing, ADA is up 15.5% and is changing hands at $0.618.
Ethereum bounces from $1,730 support, targets $2,000 after 10% rally
According to Ethereum’s daily chart, the asset has successfully moved away from the $1,730 support line and is currently moving toward the next major resistance, which would be $2,000, as it acts as a psychological barrier for traders and investors. In addition to the “round numbers” resistance, traders who bought Ethereum at around $2,000 will likely try to break their positions by selling close to or at its price. Such a trend puts tremendous pressure on rising assets and could make it difficult to hit a new local high. For now, ETH is trading at $1,952, heading towards its $2,000 target.