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He explained that the unexpected catalyst for this newfound attention on Cardano comes from meme coins.
Now, it seems that time may have arrived, according to Gambardello, as he detects the rumblings of a stampede heading toward Cardano.
the price of SAND could consolidate the previous gains and even break more psychological resistance levels due to investors’ positive sentiment.
the price surge had flipped the crypto’s weekly performance back into the green, which stood at +3.83% as a result.
This positive performance by the altcoin had enabled it to strengthen against both Bitcoin (BTC) and Ethereum (ETH) by about 14.58% and 14.64% respectively.
SingularityNET (AGIX) made its way onto CoinMarketCap’s trending list after it experienced a price increase of more than 15% over the past 24 hours. This led to the crypto changing hands at $0.3116 at press time.
The Aroon down on the FTM/USD 4-hour price chart has moved above the Aroon up, with the former at 85.71% and the latter at 7.14%.
This rise implies a vast increase in trading activity, most likely driven by investors taking advantage of cheaper pricing to enter the market.
This solid negative trend has persisted as of press time, resulting in a 5.68% drop to $0.3293.
On the other hand, STX is the biggest loser among these altcoins after experiencing an almost 5% price drop over the past day.
Popular crypto influencer Crypto Eri recently highlighted some questionable aspects of the Securities and Exchange Commission’s priorities for this year. According to the Commission’s examination priorities for 2023, particular focus will be given to new or never before examined registrants offering crypto or crypto-related assets.
The influencer believes that SEC’s ambiguous language will pave the way for enforcing regulations on a wide range of firms.
The regulator intends to focus on “new or never before examined” entities that are offering crypto assets this year.