Cardano is set to touch bullish level of $200M TVL

Cardano is set to touch bullish level of $200M TVL

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Cardano’s TVL (Total Value Locked) is approaching $200 million, which is a bullish threshold. Moreover, the rise in TVL is bringing up a fresh blooming rising momentum, which appears to be preparing ADA for a price raise.

According to DeFi Llama, the ADA network continues to grow in the DeFi industry. Also, at this time, it appears that ADA is quietly attempting to recover from its market decline from last year.

The value of ADA’s TVL has a significant impact on Cardano’s ecosystem as a whole. Not only that but the Cardano blockchain is reported to have had a substantial impact on the majority of the projects built on it.

In terms of network contribution, the ADA network is still the third most prominent network in the decentralised finance (DeFi) field. This is exemplified by the fact that crypto has seen a significant increase in its entire market value.

Cardano is currently trading at a reasonable price of $.97 per coin, with a 24-hour growth rate of +3.1 percent.

SHL0MS, a pseudonymous conceptual artist, has revealed that for a pioneering NFT art project, they have blown up a Lamborghini Huracan in an unnamed desert site.

$FNTN made almost $1.5 million in direct and secondary sales while smashing the NFT bidding platform it was held on due to high site traffic, making SHL0MS’s work legendary in the crypto art world.

Oil prices dipped on Monday, reversing gains made earlier in the week, as news of new diplomatic efforts to resolve the Ukraine conflict brought some relief from supply concerns.

The potential of more than 1 million barrels per day of Iranian crude coming to the market has also stifled price rises.

By 3:02 a.m. GMT, gold futures had fallen 0.01 percent to $1,899.65.

After dropping some momentum in early trade, the euro recovered 0.5 percent to $1.1376, while the dollar index fell 0.4 percent against key currencies. The Swiss franc dipped 0.2 percent against the euro, while the Japanese yen shed most of its early gains, trading at 114.93 per dollar.

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