A cryptocurrency whale has decided to sell a sizable amount of its holdings in ADA and Shiba Inu (SHIB). The market is being stirred by this choice. Many are questioning why this crypto whale sold $1.8 million of SHIB and ADA.
The whale’s recent interest in the ground-breaking AI token Algotech, which aims to use artificial intelligence to revolutionize the cryptocurrency market.
This innovative project provides algorithmic trading solutions and has had an incredible price increase that has attracted investors, including those who own Shiba Inu (SHIB) and Cardano (ADA).
Here we will discuss why the crypto whales want to invest in this new amazing AI token and the decline of SHIB and Cardano prices.
Shiba Inu’s Shibarium game upgrade: A new era for SHIB tokens
Shytoshi Kusama, Shiba Inu’s chief developer, has announced a big upgrade to the Shibarium game, which intends to increase the ecosystem’s tokens and engage the community with new features.
According to a recent post by head creator Shytoshi Kusama, a Shibarium game is in its last stages of production.
He hopes that this game will boost the value of Shiba Inu (SHIB) while also engaging the community in a novel way.
The game’s specific model is unknown, but in-app purchases indicate a strong economy, which adds to its potential worth. It is important to note that this Shibarium game is not the same as Shiba Inu (SHIB) games; yet, they will compliment one another.
Charles Hoskinson updates on Chang Hard Fork
The founder of Cardano, Charles Hoskinson, has given an important update about the impending Chang hard fork.
In the face of criticism and discussion from the community, Hoskinson said that the guardrail contract, interim constitution, and candidate node that are ready for forking will be part of the entire governance package that will be made available shortly.
He believes the package, which addresses rumors and worries about the reform of the governance paradigm, would be unveiled by Friday at the latest.
The Chang hard fork, which will fundamentally alter Cardano’s governance and operating environment, is one step closer with this release.
Cardano price analysis
The Cardano price is $0.3862 USD, with a 24-hour trading volume of $279,544,085 USD. Cardano price has decreased by 1.29% in the past 24 hours. It is currently ranked #10 on CoinMarketCap, with a market capitalization of $13,801,532,386 USD.
If the downward trend continues, the Cardano price may drop to $0.35 or potentially even lower to $0.25 in the short term if bearish market forces intensify.
Crypto Whale invest in ALGT instead of SHIB and ADA
Are you hoping to uncover the next great cryptocurrency winner, such as Bitcoin or Ethereum? Look no further than Algotech (ALGT).
This fascinating presale is already turning heads and drawing investors who are skipping Cardano (ADA) and Shiba Inu (SHIB) for a chance to make it to the moon with Algotech (ALGT).
The presale is already at Bonus Stage and has raised a staggering $9.3 million in just a few months! And the greatest part? You are still able to join the presale before it’s too late.
Powered by cutting-edge AI technology, Algotech enables anybody, regardless of technical experience, to use complex tools and potentially increase their earnings in the DeFi market.
Algotech comes packed with a variety of effective trading methods, such as arbitrage, mean reversion, and breakout strategies, allowing users to engage in the market with more confidence.
For more details about Algotech: