Cardano (ADA) Jumps 10%, Here's How Ecosystem Defied Market Turmoil

As reported, on-chain analytics firm Santiment observed on Friday that several altcoins were underbought or in the"opportunity zone" due to recent losses sustained as a result of the market decline.

Cardano appeared in the opportunity zone, where prices are more likely to rise, according to Santiment's chart.Shahaf Bar-Geffen, COTI CEO, took to Twitter on Sunday to announce increased demand for Djed in the wake of the USDC and stablecoin depegging events over the weekend. According to him,"Throughout the storm, Djed has held its peg and will continue to do so."and Cardano builder Input Output Global .

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Bitcoin jumps 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositorsCryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon Valley Bank and HSBC bought the bank's U.K. arm. That just the beginning Hehe.. Siuuuu 🚀🚀 Dow Futures -135 S & P Futures -5 NASDAQ Futures +25 Huge drop from the last night. The Market still sees systemic problems with the banks. Not enough money to cover all deposits. Bitcoin will be the next to drop! The only safe haven is short term Treasuries
Source: CNBC - 🏆 12. / 72 Read more »