Cardano undervalued as ADA price didn't change much after progress on VasilHardFork cardanoada cardanocommunity vasil iohk $ada
price is barely responding to the positive changes. Moreover, after the news of accelerating inflation in the U.S., implying even tighter regulation of monetary policy, ADA quotations fell more than all other cryptocurrencies from the top 10 by market capitalization.
The apparent undervaluation is hinted at by the behavior of the ADA price, which in late August after the news of showed a growth of 23% in two weeks, but then gave up part of the growth, and now the result is only 9%.On the crypto market, where assets can increase and decrease in price by 10% several times a day, such values can hardly surprise anyone. It is strange that the price of the top eight projects with a capitalization of $16 billion hardly reacts to the news, where the identity"buy on rumor, sell on fact" works best.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin outperforms ether, Starbucks to launch NFTs, and SEC ups crypto scrutiny: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rahsan Boykin of Hashflow discusses the SEC's scrutiny of crypto and what how initiatives from the agency could change crypto investor sentiment.
Read more »
A Bad Year for Crypto Is a Really Bad One for Crypto MinersElectricity bills are surging and the equipment isn’t worth what it used to be, which makes for a bleak outlook for companies that mine bitcoin and ether
Read more »
First Mover Americas: Countdown's On for Ethereum Merge, but Price is Slipping Versus BitcoinAs the Merge edges closer, the price of ether slipped 0.9% over the past 24 hours to $1,755. Bitcoin, by contrast, rose above $22K, the highest since mid-August. Liqquidity and Godbole17 report
Read more »
Saylor gets sued, FBI warns about DeFi exploits, and Crypto.com drops $495M sponsorship: Hodler’s Digest, Aug. 28 - Sept. 3US Fed chair favors hard line in crypto, and GameStop doubles down on crypto amid a new partnership with FTX US. Keep track of this week's news on our Hodler's Digest.
Read more »
Will Clemente Thinks Bitcoin Gives Bullish Signals and Is Underweighted NowMarket underestimates Bitcoin and ignores bull signs, says WClementeIII btc crypto cryptocurrencies $btc
Read more »