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Posted 8/21/2023, 9:20:26 AM

Cardano NFT Floor Price Soars, Surpassing Ethereum

Cardano's NFT floor price index is currently 22% higher than Ethereum's, indicating growing interest in Cardano as a platform for NFT trading, despite Ethereum's dominance in terms of overall trading volume.

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Relevant topic timeline:

8/23/2023

Alarming Solana Price Prediction Based on Cardano Price History Shared by Top Analyst

Renowned analyst Benjamin Cowen warns that Solana (SOL) may follow a similar price trajectory as Cardano (ADA), potentially experiencing a dip below $10 before rebounding and seeing substantial gains, although historical parallels do not guarantee identical outcomes.

8/24/2023

Ethereum Advocate Slams Cardano as "Zombie Chain"

Evan Van Ness, an Ethereum advocate, criticized Cardano as a "zombie chain" due to its lower Total Value Locked (TVL) compared to the recently launched Layer 2 chain, Base, which has surpassed Cardano in TVL with $193.56 million.

8/25/2023

Cardano Will Become World's Biggest Cryptocurerncy, Hoskinson Says

Cardano (ADA) is predicted to surpass Bitcoin and Ethereum to become the world's largest cryptocurrency, according to Charles Hoskinson, the CEO of IOG.

8/26/2023

ADA Price Prediction: SEC Appeal on XRP Ruling Impacts Cardano Market Appetite

Cardano (ADA) dropped 1.88% on Friday due to ongoing SEC activity and Fed Chair Powell's hawkish stance, despite bullish updates from IOHK.

8/28/2023

Cardano (ADA) Likely Entering ‘The Depression Phase’, According to Analyst Benjamin Cowen - The Daily Hodl

Cardano (ADA) may enter a "depression" phase, with its price potentially dipping significantly and reaching lower price levels, according to crypto analyst Benjamin Cowen.

8/29/2023

Cardano (ADA) Stakers Lock in $30M in 5 Days - Bullish Price Signs?

Cardano (ADA) price shows signs of rebound as a spike in ADA staking could potentially spark a bullish momentum in the coming weeks, with holders staking $50 million in the last 5 days and aiming for gains before selling, while resistance at $0.28 could pose a challenge.

8/31/2023

Can Cardano Reach $1?

Cardano faces regulatory risk and stagnant user and transaction activity, hindering its progress towards reaching $1 and becoming a major player in the cryptocurrency market.

9/5/2023

Cardano (ADA) Showing Promising Signs Amid Rise of On-Chain Activity, Says Analytics Firm Santiment - The Daily Hodl

Cardano is experiencing significant growth in network activity, with on-chain transactions increasing by over 1,700% since January, indicating potential upward movement for the cryptocurrency. Similarly, Ethereum's network activity is also rising, suggesting a potential price bounce in the near future, according to blockchain analytics firm Santiment.

9/9/2023

Cardano and Solana Aim to Dethrone Ethereum with Speed and Mobile Focus

Cardano and Solana are two cryptocurrencies that have the potential to surpass Ethereum in the long run, with Cardano's emphasis on decentralized finance and growth in emerging markets, and Solana's focus on mobile crypto and innovative blockchain technology. However, overtaking Ethereum, which has a first-mover advantage and a dominant position, is a challenging task.

9/14/2023

Cardano Still a Better Bet than Meme Coin Doge Despite Regulatory Troubles

Amidst a downturn in the crypto market, both Dogecoin and Cardano have experienced significant losses, but while Dogecoin's future remains uncertain, Cardano offers potential for long-term investment due to its utility and improving metrics despite regulatory challenges.