. This is a positive sign for Cardano as whales are known to have a significant influence on the market due to their large holdings.could be attributed to the popular"buy the dip" strategy, where investors take advantage of market dips to buy assets at lower prices. This strategy is especially popular among whales, who have the resources to make large purchases when the market is down.
However, it is worth noting that despite the 6% increase of ADA against BTC, the cryptocurrency has still experienced losses in the recent past. Since mid-February, ADA has lost 12% of its value, making it challenging to recover losses.Despite this setback, Cardano is a promising blockchain project that is aiming to become one of the biggest competitors of Ethereum.
Despite the recent launch of smart contract functionality through the Alonzo hard fork, the real utility of the network has not yet provided enough support for the asset on the market.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock market outlook: Be cautious on Big Tech despite Nasdaq strengthBe cautious on Big Tech stocks even though the Nasdaq has been beating the S&P 500 so far in 2023, DataTrek says
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »