Interest in $ADA, $SHIB, $XRP, and Others Surges as Crypto Markets Plunge

While the prices of most cryptoassets have been plunging over the past week, a few cryptocurrencies have seen social interest in them surge as traders are seemingly looking to get involved.

Timeline of Cardano, Shiba-inu, Xrp

The most popular altcoins, Cardano & Ripple, are trading with a huge bullish momentum since the pre-trading session and are aiming to close the day's trade on a bullish note. Both the altcoins have been stagnant for a prolonged period and due to this, the investors also lost their focus on the assets.

It's 2022, and the world of cryptocurrency has flipped as many popular cryptocurrencies have reduced substantially in value. Investing in any kind of stock or crypto requires deep analysis and studying patterns of bulls and dips.

After two years of litigation, Stuart Alderoty, general counsel at Ripple, told CoinDesk TV's “First Mover” he sees “the beginning of the end” because the SEC's case has fallen short.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. XRP has performed incredibly well over the past few days.

With the Cardano [ADA] Vasil hard fork billed for 22 September, quite a few interesting things have been happening. Few weeks after its launch, Aada, a lending protocol on the Cardano mainnet, increased in a way no one could have predicted.

Hackers keep trying new ways to loot money in crypto and fiat. This time, scammers hacked a Twitter account of the Indian Embassy in Oman to promote an XRP scam that requires users to click on a phishing link.

Vasil is an enhancement of the Cardano platform, “improving scalability and lowering transaction costs” It improves on the Plutus smart contract platform, “allowing developers to deploy more complex smart contracts,” according to an update shared by Poloniex.

Payment company Ripple is expanding the use cases for its On Demand Liquidity (ODL) solution, according to a press release. The company will enable its partner I-Remit to improve its treasury funds flow and management.

The price of $XRP, the native token of the XRP Ledger, has surged after reports revealed that both Ripple and the U.S. Securities and Exchange Commission (SEC) are looking for a ruling in their long-running legal battle through a so-called summary judgment.

With Cardano's Vasil hard fork set to go live on September 22, the blockchain network's native token has spiked by 2.1% within the last 24 hours to $0.45. The post Cardano's price jumps before imminent Vasil hard fork appeared first on CryptoSlate.