1. Cardano Blockchain Development Progress
Cardano is currently initiating 131 projects and has 1,200 projects in progress. Furthermore, it has achieved 700 million transactions. This growth has increased investor confidence and has the potential to accelerate accumulation in the short term. However, recently, ADA’s performance has been influenced by the overall market conditions. Additionally, CardanoSpot introduces a Cardano-based social network, and Vodafone plans to release an NFT collection on the Cardano chain. However, there are security concerns regarding ETH staking, whereas in Cardano, it is possible to earn profits without depositing keys when staking.
2. Metaverse Virtua Project
Bitcoin’s price has been soaring, as well as Ripple’s, and it appears that the cryptocurrency market is showing signs of revival. Moreover, the Canadian government has lifted trading restrictions on three cryptocurrencies, including Litecoin, leading to increased investor interest in Bitcoin. As a result, cryptocurrencies like Bitcoin Cash, Bitcoin SV, and Litecoin have also experienced significant gains. Litecoin has surpassed $100 and is currently aiming for $130. Applications for Bitcoin-related ETFs are also in progress, and Coinbase is being observed as a central player in the market. Bitcoin price predictions vary, but there is still a sense of anticipation for Bitcoin’s future prospects.
3. ADA Market Analysis
ADA’s price has remained unchanged but has been subtly evolving. Currently, two possibilities are being considered. The first is a bearish scenario, where further decline is predicted as long as the price remains below 30.5 cents. The second is the yellow wave count, which suggests a potential for price increase but requires further confirmation. Since there is no definitive information until the price surpasses 30.5 cents, there is a possibility of revisiting lower levels. For the yellow wave count to be valid, the price needs to break above 30.5 cents. The yellow wave count suggests the price may rise up to the 1.618 extension.
Quoted URL
https://www.youtube.com/watch?v=v051NBMDTQ8
https://www.youtube.com/watch?v=MgNYtyz1X2Q
https://www.youtube.com/watch?v=8H5FVtKGBrs
