Cardano is stuck in consolidation above $2 despite key development milestones.
Terra almost closed the gap to $40, but overhead pressure soared, leading to an ongoing retracement to $36.
Cardano stabilized above $2 in the last week, with its frequent recovery attempts ending unsuccessfully. Nonetheless, Cardano’s development activity is on an upward trajectory, with stablecoins likely to come to the ecosystem in the future.
According to the founder, Charles Hoskinson, Cardano will in the future be able to run countries. In addition, the network that currently supports smart contracts is looking forward to critical partnerships that will see it expand its footprint in the industry and grow utility.
Meanwhile, the cryptocurrency market has started the new month in the red, despite ending September in the green. Bitcoin lifted to close the gap at $44,000, but as reported, bulls lacked a catalyst to confirm a breakout above this level. At the moment, BTC trades around $43,500 while bul
Źródło: https://coingape.com/cardano-terra-price-analysis-october-1-2021/
