Shiba Inu (SHIB) L2 See Massive Growth, Cardano (ADA) Set Date to Launch Hard Fork on Mainnet, Intel Markets (INTL) Brings Innovation to the Perpetual Futures Market

As the cryptocurrency market continues to expand, there are some altcoins that analysts believe will be the center of innovation. Some of these cryptos include

As the cryptocurrency market continues to expand, there are some altcoins that analysts believe will be the center of innovation. Some of these cryptos include Shiba Inu, Cardano, and Intel Markets.

While Shiba Inu and Cardano are working towards decentralization via new network upgrades, Intel Markets is building a trading platform that will transform the perpetual futures trading market.

Shiba Inu (SHIB) L2 see massive growth

The Shiba Inu (SHIB) layer-2 solution, Shibarium, has been experiencing a spike in on-chain data in the past week. According to statistics from Shibariumscan, two metrics have witnessed massive growth. Firstly, the number of new transactions on the network soared by 644.8% recently from 1,736 to 11,194.

Also, the number of daily active accounts per reporting period increases by 465.4%, jumping from 237 to 1,103. While these uplifts show the amount of activity on the network is increasing, the case is not the same for the Shiba Inu coin.

CoinCodex data shows the cryptocurrency is bearish on the weekly and monthly timeframes. The Shiba Inu price is below the 50-day SMA ($0.00001589) and 200-day SMA ($0.00002036), a sign that bears are in charge. Nevertheless, Coincodex forecasts Shiba Inu coin price might jump to $0.00002965 soon.

Cardano (ADA) set date to launch hard fork on mainnet

In the latest Cardano news, Tim Harrison, and executive at Cardano developer Input Output, has informed the community about the latest development on the Chang hard fork. The executive noted that the hard fork will go live on the Mainnet by August 27.

Before then, the team will make a final decision about the launch on August 23. With the upcoming hard fork, the Cardano blockchain is expected to switch to community-driven governance soon. In the meantime, data shows Cardano price has increased on the weekly chart.

However, it is trading below the 50-day SMA ($0.383705) and 200-day SMA ($0.49328). The Stoch RSI (14) is even giving a sell action. Yet, CaptToblerone told his followers the value of the cryptocurrency might rise to $0.800 soon before jumping to more highs.

Intel Markets (INTL) brings innovation to the perpetual futures market

Perpetual futures are among the most popular trading instruments in the crypto market right now. The market records more than $100 billion in daily trade volume. Intel Markets (INTL) is here to bring more innovation to the sector. It plans to use its AI capabilities and dual architecture to give its users an edge over other investors.

In addition to this, Intel Markets offers a high leverage of 1000x and advanced trading tools like advanced charting software, etc. Meanwhile, perpetual futures offer advantages like hedging, leverage, and arbitrage opportunities.

These features allow investors to make the best out of every trading opportunity. In the meantime, Intel Markets has launched a presale for its native coin, INTL. Market watchers forecast a 1,100% return on investment for investors who take the lead now. Its presale has pulled in more than $125k in just days, while its native token trades at $0.009.

Shiba Inu, Cardano, and Intel Markets: Which Will See the Biggest Gains?

While Shiba Inu and Cardano are showing promising signs, Intel Markets is the best altcoin to keep an eye on as it seeks to transform the crypto trading space. Its unique features and upcoming developments make them the best coins to hold for future growth.

Discover More About Intel Markets:

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