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Top 5 Crypto News – Shiba Inu Is The Third Most Popular Ethereum Crypto

Top 5 Crypto News – Shiba Inu Is The Third Most Popular Ethereum Crypto

Kavya Barua

Kavya Barua is a voracious learner captivated by crypto and Fintech breakthroughs. Graduated from the University of Delhi's B.A (Hons) English program at Janki Devi Memorial College. She desires to be a successful professional with a strong interest in learning and accomplishing outcomes.

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Shiba Inu Is The Third Most Popular Ethereum Crypto In The Last Seven Days

After just two main stablecoins, USDT and USDC, the meme-inspired cryptocurrency Shiba Inu (SHIB) has become the third most popular Ethereum crypto, as holders become increasingly engaged, even during negative price movement. 

The Shiba Inu Coin Network is continuing to expand, according to statistics from Ethereum blockchain explorer Etherscan, as covered by BuyUcoin, with more than 70,000 new holders joined since surpassing one million a little more than a month ago.

The present number of holders is a crucial foundational milestone for the coin, which recently went through a complex spell, shedding about 70% of its obtained value. 

According to statistics, wrapped Ether (WETH) came in second with approximately 72,000 unique users; followed by Matic Token (MATIC) with 56,100 individual users.

Nations Hits 2 Million Players After NFT Launch in Solana Game Mini Royale

Mini Royale: Nations presently boasts over 2 million registered players, with over 600,000 monthly active users (MAU). That’s more than double the previous MAU high, shared by Faraway co-founder Alex Paley in early November. 

Following the debut of its initial in-game NFT goods; the first-person shooter became the first live multiplayer game to operate on Solana.

The web-based shooter has been available as a free-to-play online multiplayer game for months before the announcement of the blockchain integration.

On the other hand, Faraway introduced a series of 10,000 in-game products sold as Solana NFTs on December 9 and subsequently activated them on December 16 as scheduled.

Mini Royale: Nations is the first online game to include live, simultaneous multiplayer gameplay on the Solana blockchain. An NFT is a document of ownership for a one-of-a-kind digital asset that the holder can only use. Owners who keep their NFT for the duration of Mini Royale’s first in-game season will be rewarded, including the game’s future CHEDDAR token.

Jackson, Tennessee Will Be The First City In The US To Accept Bitcoin As A Form of Payment

According to reports published on December 19 by local site Jackson News, the city Jackson, Tennessee; is ready to become the first city to accept Bitcoin as a payment method for the city’s employees. 

According to the story, municipal mayor Scott Conger has been campaigning for Bitcoin to be introduced as a payment option for public employees. He now has a motion to make it a reality. 

Conger is confident that the conversion option will broaden the choice of payment options available to municipal employees and allow the city to pay contractors and businesses in Bitcoin to attract a more extensive range of bids.

“The RFP is open!” the elated mayor said in an address. “The 22nd (December) is when the respondents have to respond to the RFP. So once the 22nd hits, we’ll open the bids, have the committee, and then they’ll review it. They’ll probably make a recommendation to the council in February,” he stated. 

A request for proposal (RFP) has been issued to begin accepting Bitcoin as a form of payment method. Third-party platforms will be able to apply to be the city’s cryptocurrency converter due to this.

As The Market Falls, XRP and Terra LUNA Maintain Their Gains

As of press time, Ripple (XRP) and Terra (LUNA) are outperforming the top 20 by maintaining gains. Despite market decreases, both tokens are now in the green on a 24-hour basis. 

The most valuable cryptocurrency in terms of market capitalization; Bitcoin was trading at $45,633 at press time, down 2.28% on the day. Similarly, Ethereum was at $3,778, down 3.74% on the day.

XRP quickly soared to intraday highs of $0.915 before tumbling to its current price of $0.832. Nearly 450 million XRP have been transferred in the previous 14 hours, coinciding with the latest price surge, as reported.

Terra (LUNA) is currently trading at $75.61, up 28% in seven days. On-chain analytics show that several cryptocurrencies, such as Terra (LUNA), are decoupling from the overall market trend.

The Dubai World Trade Center Will Establish A New Crypto Centre And Act As A Regulator

The United Arab Emirates (UAE) is becoming one of the world’s most cryptocurrency-friendly regimes; with the Dubai government announcing a new program to assist local cryptocurrency development and regulation.

The Dubai World Trade Centre (DWTC), a government-owned event and exposition site in Dubai; has stated that it would become a complete zone and regulator for cryptocurrencies, goods, operators, and exchanges.

The DWTC will construct a complete ecosystem for this innovative industry in Dubai as part of the plan, collaborating with the private sector to create an “attractive environment for the sector.” 

According to the DWTC, the initiative also intends to implement strict standards for investor safety, anti-money laundering procedures, and combatting terrorism funding.

“The World Trade Center will deliver and oversee a new world-class regulatory framework of Virtual Asset legislative and enforcement policies,” the statement reads.

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