Some of the biggest happenings this week in crypto include the decline of Shiba Inu's (SHIB) trading volume and HedgeUp's (HDUP) successes in stage three of its presale. Cardano's (ADA) founder has also responded to comments saying he built nothing for Ethereum (ETH).
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Shiba Inu (SHIB) has been experiencing a decline in trading volume. Data from Coingecko shows that the daily trading volume dropped from $129,961,639 last week to $119,304,954. And at the start of May, Shiba Inu (SHIB) had its lowest trading volume in months. Traders moved a mere $90,578,285 in tokens.
The drop in trading volume can be attributed to several things, including the token's average performance over the past month. In the last seven days, Shiba Inu (SHIB) has lost 2.3% of its value to trade at $0.00000996.
Its performance is more disappointing when you go further back. The token has lost 8.6% of its value in the last two weeks and 11.8% in the last month.
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Cardano founder and a co-founder of Ethereum, Charles Hoskinson, has responded to a claim that he contributed nothing to the development of Ethereum (ETH). The claim was made by Fabian Vogelstellar, another Ethereum co-founder and founder of the LUKSO blockchain.
Vogelstellar insinuated Hoskinson's lack of contribution when responding to a tweet comparing the original Ethereum founders, which also includes the founder of Polkadot Gavin Wood.
Part of the tweet claimed Hoskinson was 'never really a founder of Ethereum.' It went on to explain that the Cardano founder just happened to be hanging out at the right place at the right time and 'built literally nothing for Ethereum.'
Charles Hoskinson responded to the tweet a day later, expressing his gratitude for Vogelstella's opinion on his contribution to the protocol. The response was largely sarcastic and also alluded to his successes with Cardano.
The interaction sparked something of a stir on the social media platform. Some people agreed with Vogelstella while others sided with Hoskinson.
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In the more positive news of the week, HedgeUp (HDUP) has raised $1M just a couple of weeks into stage 2 of the presale. This milestone was achieved after investors bought 70.76 million tokens at $0.013.
HedgeUp's (HDUP) presale has been a largely successful affair thanks to the project's unique proposition and projected growth. The project is building an innovative alternative assets investment platform on Ethereum. And thanks to the platform's potential, the HDUP token is expected to explode in the summer bull run.
This has attracted a lot of investors to the presale. If this trend continues, it is only a matter of days before the presale reaches its funding goal of $1.1 million for the stage.
Website: https://hedgeup.io/
Presale: https://app.hedgeup.io/sign-up
Telegram: https://t.me/HedgeUpChat
Twitter: https://twitter.com/HedgeUpOfficial
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