Cardano: ‘2x bullish rally’ or bearish run? Exploring ADA’s options

Quick Summary:

Despite Cardano's price increase and upcoming technical upgrades, it is still facing bearish sentiment.

Touted by Cardano’s founder Charles Hoskinson as the most significant update in the network’s history, this hard fork aims to introduce decentralized ownership and substantial improvements in scalability and security.

Although there was a slight increase in ADA’s Open Interest, rising by 4% to $230.74 million, the Open Interest volume has seen a nearly 30% decline.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United States

Topics: Cardano Social News 1 Altcoin Trading View Ambcrypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 02:00:42 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 492 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21669069

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 21 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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