Cardano, Shiba Inu & SafeMoon – American Wrap 10 August


Cardano Alonzo hard fork is imminent and it could fuel ADA run to $5

Cardano announces successful projects from Fund5 of Project Catalyst, set to initiate Fund6 to support new decentralized applications. Input Output Hong Kong launches public testnet for smart contract integration, reveals that the Alonzo Purple upgrade is imminent. Charles Hoskinson predicts tons of Dpp development, Reddit, and forums filled with projects after smart contract launch.

Shiba Inu shrugs off the bears, SHIB prepared for 60% breakout

A brief technical and on-chain analysis on Shiba Inu price. Here, FXStreet’s analysts evaluate where SHIB could be heading next as it tests critical resitance.

Three reasons why SafeMoon price will decline to $0.00000110

Safemoon price fails to hold the largest one-day gain since the May 6 rally of 59.79%, while declining back below the upper trend line of the descending triangle, the May 19 low of $0.00000261 and the 20-day simple moving average (SMA) at $0.00000252. The short-lived rally reflects an outlier cryptocurrency with a questionable fee structure that frequently hypes a SafeMoon Wallet before extending the launch date, now on August 28th, 2021.

SAFEMOON/USD daily chart

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