The Coming Cardano Boom. | Summary and Q&A

TL;DR

Bitcoin's golden cross and resistance level break suggest the start of a new altcoin season, while Cardano's flat price may be due to low demand for Ethereum-related assets. The Alonzo upgrade for Cardano has shown promising results with over 100 smart contracts processed within 24 hours. The potential approval of Bitcoin ETFs and Solana's recent network crash are also important factors to consider in the market.

Key Insights

• 😵 Bitcoin's golden cross and resistance level break may signal the beginning of a new altcoin season.
• 😘 Cardano's price has been relatively flat due to low demand for Ethereum-related assets, impacting its growth potential.
• 🛀 The Alonzo upgrade for Cardano has shown promising results, processing over 100 smart contracts within the first 24 hours.
• ❓ The approval of Bitcoin ETFs by the SEC could significantly impact the crypto market and attract more investors.
• 🏃 Solana experienced a dip in price due to network issues but remains a promising project in the long run.
• 🪡 Insider trading allegations involving an executive at OpenC highlight the need for transparency and ethical practices in the crypto industry.
• 😨 The crypto market's fear and greed index fluctuates, indicating market sentiment and potential opportunities.

Transcript

ladies and gentlemen welcome back to another video so earlier today we finally had the golden cross happening and bitcoin broke a key resistance level of 48 000 with the growth that we've experienced in the market i am now expecting another all coin season to start ripping in the market very soon but what exactly should you be doing as an investor ... Read More

Questions & Answers

Q: Why hasn't Cardano's price seen significant growth despite the Alonzo upgrade?

Cardano's price has been affected by the overall flatness of the crypto market, particularly with the decrease in demand for Ethereum-related assets.

Q: How many smart contracts has the Alonzo upgrade processed within its first 24 hours?

The Alonzo upgrade has already processed over 100 smart contracts within its first 24 hours, indicating its successful implementation.

Q: What milestone has recently been achieved by Cardano with the ada lend.finance protocol?

The ada lend.finance protocol, which brings decentralized lending to the Cardano blockchain, has sold out its private sale of 1.8 million Cardano native adal tokens in less than one hour, showcasing the market's interest and support for Cardano.

Q: What potential factor could greatly impact the crypto market?

The potential approval of Bitcoin ETFs by the SEC in October to November could have a significant impact on the crypto market, leading to increased investor participation and potentially driving prices higher.

Q: Why did Solana experience a dip in price?

Solana's network crashed due to an overwhelming number of transactions, which caused temporary panic and a dip in its price. However, such events often present buying opportunities for investors.

Summary & Key Takeaways

• Bitcoin's golden cross and resistance level break indicate the beginning of a new altcoin season.

• Cardano's price has been relatively flat due to low demand for Ethereum-related assets.

• The Alonzo upgrade for Cardano has processed over 100 smart contracts within 24 hours, showcasing its potential.

• The potential approval of Bitcoin ETFs and Solana's recent network crash are significant events affecting the market.