Despite Cardano’s struggles to keep up with the broader cryptocurrency market, recent bullish sentiments have sparked optimism among investors. As Bitcoin surpasses the $61,000 price mark and the market shows signs of recovery, Cardano has seen a resurgence in positive sentiment. This is evident in Cardano’s impressive weighted sentiment score of 1.69, outperforming major assets
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The United States spot Bitcoin exchange-traded fund (ETF) market recorded a daily trading volume of $779.87 million on Monday. This marked a decrease in trading volume compared to previous records, with the lowest being $649.17 million and $692.11 million on February 5th and 6th, respectively. The recent data from SoSoValue revealed that there was an
Recently, Tokyo’s Metaplanet investment firm made headlines by acquiring an additional 57.273 BTC, worth approximately 500 million yen or $3.4 million. This move was strategically made amidst the current market lull to position the company for long-term growth. It is part of a larger strategy that was announced on August 8, where the firm disclosed
In a surprising turn of events, Cardano (ADA) has been dethroned from the coveted top 10 cryptocurrencies by market capitalization. Tron (TRX) has taken its place, signaling a notable shift in the crypto market landscape. The decision was based on data from CoinMarketCap, revealing that Cardano’s market capitalization had dwindled to around $12.3 billion, pushing
The recent choppy consolidation in bitcoin’s price action has left many market players on edge. However, amidst this uncertainty, a certain group of holders is seemingly increasing their holdings. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have significantly boosted their holdings in the past six weeks. According to Santiment, this group of
The journey of ADA, the native token of Cardano, has been both fascinating and tumultuous. From reaching a peak of $3 in August 2021 to plummeting by over 90% in the years since, the rollercoaster ride of ADA has left investors and traders alike questioning its future trajectory. The activation of smart contracts on Cardano
The crypto market has been tumultuous in recent times, and Ethereum (ETH) has not been immune to the challenges. Despite being the second-largest cryptocurrency, ETH has been facing significant obstacles. One of the key issues that have been highlighted by crypto analyst Ali Martinez is the continuous selling of Ethereum by some of the largest
The Nigerian Federal Inland Revenue Service (FIRS) is set to implement new legislation aimed at taxing the rapidly growing crypto sector in the country. This decision was revealed by FIRS Executive Chairman Zacch Adedeji during a meeting with the National Assembly’s Finance Committees. The primary objective of this new regulation is to stimulate economic growth
The Lost Glitches is not just a card game; it is an immersive experience that transports players into the futuristic setting of the Deep Sky Network. Here, players are trapped as Glitches, spirits striving to reclaim their lost memories. The storyline of the game is engaging, and the depth of the gameplay delivers a truly
TeraWulf’s recent earnings report for the second quarter of 2024 highlighted a decrease in Bitcoin production compared to the same period in the previous year. The company mined 699 BTC across its facilities, representing a 21% decrease from the preceding year. This decline in BTC output could be concerning, especially in the context of a