In this recent update, Solana, Shiba Inu, and Dogecoin were added to BUSD pairs on Crypto.com’s app.
This is great news for cryptocurrency investors. These updates mean that 3 out of the 12 largest cryptocurrencies in the world are now more easily accessible to Crypto.com investors.
The three cryptocurrencies might become more popular among traders on Crypto.com as a result of the addition of additional trading pairs.
Due to the trading platform’s estimated 50 million users, SOL, DOGE, and SHIB are now more accessible to millions of Crypto.com users.
Solana Updates
Every single major cryptocurrency has been largely affected by last week’s Fed Minutes report. Solana (SOL) has been no different.
Since last Wednesday, Solana has been on a steady decline. On August 18th, SOL was trading at around $44.00. Today, Solana had a nearly ten dollars decrease, sitting around $35.00.
However, the cryptocurrency appears to be stabilizing. Since August 22, SOL started on a timid but consistent upward motion, the graph indicates that every low sits higher than its predecessor.
In the long run, Solana still has one of the most exciting blockchain platforms in the market.
Recently, reports arose about Solend (Solana’s biggest DeFi lender) introducing permissionless loan markets to Solana owners.
The cryptocurrency technology has also partnered with several other clients that can improve the quality of Solana’s value.
Near the end of 2021, Solana announced a partnership with crypto exchange platform FTX in order to build “Serum”, a fast, non-custodial, decentralized exchange that was created using the Solana blockchain.
Shiba Inu and Dogecoin
The two meme coins also suffered from last week’s Fed minutes. As the crypto world recovers from the United States Federal Policy announcement, investors are looking forward to a potential rise in prices.
The dog-inspired currencies lost around 10% of their total value since the Fed report. However, Shiba Inu was able to regain around 2% of its value today, August 23rd. Meanwhile, Dogecoin recovered at around 1.8% in the same timeline.
Earlier this week, news of a new Dogecoin Layer-2 blockchain arose.
Although not a Dogecoin official project, “Dogechain” has the potential of heating up DOGE’s value in the market. In just under 2 days, over 750.000 transactions were made on Dogechain’s platform.
