Solana, Shiba Inu, Bitgert: Crypto to Watch Out August 2023

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Solana is a high-performance blockchain platform that aims to provide fast, scalable, and secure solutions for decentralized applications. Solana claims to have the highest throughput of any blockchain, with over 50,000 transactions per second and sub-second finality. Solana also supports smart contracts, interoperability, and decentralized finance (DeFi) applications.

Solana's price is $21.69 at the time of writing, giving it a market capitalization of $8.85 billion. Solana has recently launched its own decentralized exchange (DEX) called Serum, which allows users to trade any token on Solana without intermediaries. Solana has also partnered with several projects and platforms, such as Chainlink, Terra, Audius, and FTX.

Solana also announced its integration with Shopify, a leading e-commerce platform, which will enable merchants to accept Solana as a payment option. Solana is also undergoing a significant transformation as Solana introduces EUROe, the inaugural euro stablecoin native to Solana’s blockchain. These developments can potentially help Solana break the resistance in the following months.

Shiba Inu is a meme-based cryptocurrency that was created as a joke and a rival to Dogecoin. Shiba Inu features a cute dog as its logo and mascot and calls itself "the Dogecoin killer." Shiba Inu has a total supply of one quadrillion tokens, half of which were sent to Ethereum co-founder Vitalik Buterin as a gesture of goodwill. However, Buterin later donated most of his Shiba Inu tokens to various charities, causing a massive price drop for the coin.