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Cryptocurrency Report.

One Cryptocurrency Sustaining Above the Support Levels- Cardano (ADA)

12 September 2024

ADA
Investment Type
Crypto
Risk Level
Action
Rec. Price (US$)

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Founded in 2017, Cardano (ADA) is a blockchain platform that provides exceptional security to decentralized applications, systems, and societies. ADA has a market capitalization of ~USD 12.82 billion (as per TradingView as of September 12, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a negative note and maintained a bearish momentum for the entire week. The index declined by 349.83 points (~9.27%) to 3423.81 for the week ending September 06, 2024. In the current week starting September 09, 2024, the index is trading with positive momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bullish momentum for the current week.

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