The cryptocurrency market has been trading in the red for quite some time. The bear market hit Bitcoin and altcoin prices hard and prices fell. However, macroeconomic factors such as inflation and central bank decisions continue to negatively affect the market. However, there is good news as well. According to the latest announcements, there have been significant developments for Shiba Inu (SHIB), Ripple (XRP) and Polygon (MATIC). Here are the details…
SHIB may experience an explosion in adoption with new collaboration
SHIB has been added to 6000 Coin Cloud ATMs in the USA and Brazil. Accordingly, meme coin can be sent and exchanged via ATMs. This was made possible by Coin Cloud launching a new custody-free mobile wallet. The wallet allows customers to buy, sell and even store digital assets or cryptocurrencies. As a result, the new wallet will increase the adoption and popularity of SHIB. Now, more and more people have the opportunity to access the meme coin. Therefore, the effect will likely reflect the SHIB price upwards. As we reported on Kriptokoin.com, SHIB is currently trading around $0.00001. It also ranks as the 14th largest cryptocurrency on the charts.
Ripple (XRP) has partnered with this company
Emi Yoshikawa, Ripple’s Vice President of Corporate Strategy and Operations, announced the partnership. Accordingly, Ripple enthusiasts can now pay for goods and services using CryptoBar P2P. CryptoBar P2P is a social platform where cryptocurrency and Blockchain enthusiasts can come together and exchange ideas about the industry. A free refreshment, including food and beverages, is distributed at the venue to anyone with a special NFT. However, people who do not have these special NFTs can also access the CryptoBar. However, they can only pay for food and drinks using the supported cryptocurrency. Until now, CryptoBar P2P only supported Bitcoin, Ethereum, USDC and USDT. But now it also supports XRP. At the time of writing, Ripple was trading at $0.3376.
Whales bought heavily from MATIC
Three leading Ethereum whales have bought massive amounts of Polygon (MATIC). Purchases took place in a total of four separate transactions and included 20.99 million MATIC tokens. Polygon in this issue equates to $14.67 million at the time of writing. The largest purchase was made by the 149th largest ETH whale, labeled “BlueWhale0097”. BluWhale0097 received a total of $1.81 million worth of MATIC. Two other whales bought altcoins at similar values. The 7th largest Ethereum whale named Bonobo bought Polygon for $1.43 million. Finally, BlueWhale0079, the 278th largest whale, made a purchase for $1.42 million.
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