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11/09/2021

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Cardano surge a 24-hour growth rate of +12%.Cardano fans hope to see ADA rocket high.Cardano remains to be one of the mo...
11/09/2021

Cardano surge a 24-hour growth rate of +12%.
Cardano fans hope to see ADA rocket high.
Cardano remains to be one of the most talked-about digital assets in the crypto world. This time, ADA is beginning to wake up once again as it successfully records a 24-hour growth rate of over +12%. Indeed, this uptrend movement of the crypto brings joy and excitement to the Cardano community and its investors worldwide.

This made Benjamin Cowen, a crypto quant, react in a tweet post:

$ADA stretching its legs a bit, but please, do not get out of bed for this
— Benjamin Cowen () November 8, 2021

The tweet posted by Benjamin Cowen stated that Cardano is starting to move once again towards the moon. “ADA stretching its legs a bit, but please, do not get out of bed for this, he said.” Furthermore, the post was retweeted almost 70 times with 2596 likes, and this statistic is expected to rise over time.

Source: CoinGecko

As seen in the chart above, Cardano (ADA) keeps its trading position above the bullish price of $2. This uptrend position of the crypto made Cardano bag a huge market cap amounting to over $70 billion. Hence, Cardano now ranks along with the top ten cryptos in CoinGecko.

As per the technology of Cardano, ADA remains on track on the development of its network. The optimization of the Daedalus startup sequence and integration of the latest LedgerJS is one of the many developments of the Cardano network. At the time of writing, Cardano trades a bullish price of $2.28 per crypto with a 24-hour trading volume of almost $5 billion.

Cryptocurrencies have quickly emerged as one of the hottest investment vehicles of the past decade, gaining traction fir...
11/09/2021

Cryptocurrencies have quickly emerged as one of the hottest investment vehicles of the past decade, gaining traction first from retail traders, as seen in 2017, and now from institutional investors.

From being a domain of bedroom coders to a growing financial sector with over $2 trillion in market capitalization, the crypto space has seen a sudden surge in value and continues to attract huge interest from investors.

Continue Reading on Coin Telegraph

By Tom Westbrook and Gertrude Chavez-DreyfussNEW YORK/SYDNEY (Reuters) - Bitcoin and ether hit record peaks on Tuesday, ...
11/09/2021

By Tom Westbrook and Gertrude Chavez-Dreyfuss

NEW YORK/SYDNEY (Reuters) - Bitcoin and ether hit record peaks on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum and flows into the asset class.

Though both virtual currencies pulled back from their highs in the U.S. session, their trajectory was clearly headed higher.

Bitcoin rose as high as $68,564.40 and was last down 0.1% at $67,325 while ether, the second-biggest cryptocurrency by market value, earlier hit $4,842.65 before trading down 0.7% at $4,774.

Both have more than doubled since June and added nearly 70% against the dollar since the start of October.

"This move is a culmination of months of net outflows from exchanges and coming off the market, coupled with increasing demand," said Martha Reyes, head of research at digital asset prime brokerage and exchange BEQUANT.

"This creates a supply shock and we are far from levels where long-term holders, who make up a greater number of investors, start taking significant profits so $100,000 is on the horizon," she added.

Market momentum has been gathering since last month's launch of a futures-based bitcoin exchange-traded fund in the United States raised expectations of flow-driven gains.

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