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Day: August 2, 2024

Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA

cryptocurrency August 2, 2024

Cardano (ADA) is currently competing with Ethereum in terms of large transaction volume. This is undoubtedly a positive development for the ADA ecosystem, especially since it indicates a wave of accumulation among the token’s large holders.  Advertisements Cardano Matches Ethereum In Large Transaction Volume Data from the market intelligence platform IntoTheBlock shows that Cardano is […]

Smart Money Scoops 4,000 ETH as Ethereum Approaches Demand Zone

cryptocurrency August 2, 2024

A “smart money” bought 4,000 Ethereum (ETH) tokens worth $12.58 million on Friday. The transaction drew attention, not only due to the prevailing market conditions but also because of the trader’s track record of successful purchases. Advertisements Retail investors and smaller traders often look to smart money investors for cues on market direction and potential […]

Bitcoin, Ethereum posted mixed results in July – What does August promise?

cryptocurrency August 2, 2024

The crypto market saw two-way volatility in July as speculators reacted to events. The Federal Reserve held the benchmark interest rate at the current 23-year high for the eighth consecutive time. Bitcoin [BTC] traded fairly unchanged on the last day of July in the immediate aftermath of the Federal Open Market Committee’s interest rate decision. […]

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