Shiba

Republican

Cardano

Shiba Inu

TL;DR
<ul>
 <li>ADA’s price has increased by 9% ahead of the upcoming Chang Hard Fork upgrade set for August 27.</li>
 <li>Shiba Inu has gained additional support from Kraken, which added SHIB/EUR to its margin trading program.</li>
 <li>Bitcoin’s price has been volatile, hovering between $57,000 and $61,500, currently trading at approximately $60,800.</li>
</ul>
<h2 id="span-data-preserver-spaces-true-a-href-https-cryptopotato-com-wp-content-uploads-2024-08-rcap_cb-jpg-data-wpel-link-internal-rel-noopener-noreferrer-nofollow-a-span"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/Rcap_CB.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></h2>
<h2 id="cardano-s-upcoming-update">Cardano’s Upcoming Update</h2>
Cardano’s ADA has performed quite well in the past several days, witnessing a weekly price increase of about 9%. It currently trades at around $0.36, with a market capitalization of over $13 billion, making it the 12th biggest cryptocurrency.
ADA’s uptrend could be attributed to a significant Cardano development scheduled for next week. As CryptoPotato <a class="editor-rtfLink" href="https://cryptopotato.com/massive-cardano-ada-update-scheduled-for-later-this-month-heres-what-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">reported</a>, the Chang Hard Fork upgrade should go live on the mainnet on August 27. The final go/no-go decision is set for August 23.&nbsp;
According to the official announcement, the next appropriate window for the upgrade is September 3. However, the indications suggest that the end of August is “viable,” and that is what the team is working towards.&nbsp;
The Chang Hard Fork is a significant upgrade in the Cardano blockchain, marking the beginning of the Voltaire era, which focuses on full decentralization. The development is associated with a major transition towards community-driven governance within the ecosystem, enhanced transparency, and additional security.
<h2 id="span-data-preserver-spaces-true-shib-receives-further-support-span">SHIB Receives Further Support&nbsp;</h2>
The popular meme coin is also in the green on a 7-day basis, albeit charting lesser gains than ADA. The main development surrounding SHIB lately is the additional support announced by the US-based crypto exchange Kraken.
The company <a href="https://cryptopotato.com/good-news-for-shiba-inu-shib-major-exchange-extends-support/" data-wpel-link="internal" rel="noopener noreferrer nofollow">added </a>several trading pairs to its margin program, including SHIB/EUR. Margin trading offers the potential for higher profits but is also linked to an increased risk of liquidation.&nbsp;
The option allows users to employ loaned funds in leveraged trades. To do so, they must provide collateral, which can be&nbsp;digital assets.
Other well-known companies which recently extended their support for the meme coin include Robinhood and Coinbase. The former <a class="editor-rtfLink" href="https://cryptopotato.com/shiba-inu-shib-receives-additional-support-from-robinhood-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">enabled</a> SHIB trading services for New York state residences, while the latter <a class="editor-rtfLink" href="https://cryptopotato.com/coinbase-adds-further-support-for-ripple-xrp-and-shiba-inu-shib-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">included</a> 1000SHIB-PERP perpetual futures contracts.
<h2 id="span-data-preserver-spaces-true-what-about-btc-span">What About BTC?</h2>
The past several days have been turbulent for the primary cryptocurrency, which traded between $57,000 and $61,500. Currently, BTC is closer to the upper zone, hovering around $60,800.
The most recent uptrend could be linked to a major potential announcement related to the US presidential elections. According to some <a class="editor-rtfLink" href="https://cryptopotato.com/trump-trade-bitcoin-pops-4-on-rumors-of-upcoming-rfk-dropout/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">reports</a>, independent candidate Robert F. Kennedy may exit the race soon and is expected to endorse Republican nominee Donald Trump.
The latter has described himself as the right choice for pro-crypto voters, promising to let BTC thrive should he enter the White House as a winner. This has caused numerous industry participants to speculate that his eventual victory could be interpreted as a bullish factor for Bitcoin’s price.
Latest figures show that Trump currently has the upper hand in the battle, <a class="editor-rtfLink" href="https://polymarket.com/event/presidential-election-winner-2024/will-donald-trump-win-the-2024-us-presidential-election?tid=1724310069582" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">collecting</a> 53% of the total votes versus 46% for his main opponent, Kamala Harris.
The post <a href="https://cryptopotato.com/major-cardano-ada-development-shiba-inu-shib-improvements-and-more-bits-recap-august-22/" rel="noopener noreferrer nofollow">Major Cardano (ADA) Development, Shiba Inu (SHIB) Improvements, and More: Bits Recap August 22</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Major Cardano (ADA) Development, Shiba Inu (SHIB) Improvements, and More: Bits Recap August 22

Table of Contents

CryptoPotato_News

Other articles published on Aug 22, 2024

Compliance experts should help regulate crypto — Silk Road 2.0 founder

Donald Trump Introduced His New Cryptocurrency Project! Here's the First Share!

Analyst Predicts Significant XRP Price Increase After Bitcoin Halving

Vitalik Buterin Reveals Why Cryptocurrencies Are at a Governance Crossroads – What’s Next?

Coinbase To Launch Perpetual Futures For Render, Saga & Threshold

BTC exchange inflows dropped sharply in August

Join our free newsletter for daily crypto updates!