Cryptocurrencies Price Prediction: Cardano, Shiba & Bitcoin – European Wrap 2 August
|Cardano community digests DDoS attack on the network, ADA hovers below $0.40
Cardano (ADA) developer Input Output Hong Kong (IOHK) dropped a video digesting the mid-July DDoS attack on the network with experts. The community defended against the attack, and transactions were processed at a slow pace during it.
ADA erased nearly 3% of its value this week and trades at $0.38 at the time of writing on Friday.
Shiba Inu drops nearly 5% post fourth birthday celebration
Shiba Inu (SHIB) celebrates its fourth birthday. The dog-themed meme coin is the second-largest asset in the category, with a market capitalization of $8.94 billion. SHIB erased nearly 5% of its value on Friday, down to $0.000015 on August 1.
Bitcoin fends off bear attack, clinging to levels
The crypto market lost 0.75% in 24 hours to $2.29 trillion. A day earlier, we noted a decline in cryptocurrencies in contrast to the positivity in equities on Wednesday, and then synchronised selling prevailed on Thursday. Meanwhile, the sentiment index remains at 57 (greed). This is bad news for the market right now, as a state of fear might have attracted buyers on downturns, but now they will wait for a bigger drawdown.
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