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🐂 Cardano Joins $3 Club

Is this the sign of a super bull cycle? Read on the learn the answer.

Hey Blockster, At the time of writing this newsletter, Cardano (ADA) is standing at $3.03 soon after the cryptocurrency reached the $3 level for the first time in its history. In addition to ADA, most digital assets have been on the rise today. Apart from stablecoins, all cryptocurrencies in the top 20 list (by market cap) have recorded positive gains in the last 24 hours. While Dogecoin (DOGE) surged by 7.15%, ADA grew its value by nearly 7%. At the same time, Ethereum (ETH) and Bitcoin (BTC) soared 5.30% and 4.45%, respectively. Regarding Cardano, ADA's price increase reflects the enthusiasm of its supporters, who are looking forward to the launch of the Alonzo upgrade's mainnet on September 12, which will introduce the long-awaited smart contract functionality for the network. As the market has been rising lately and almost completely recovered from the major price crash between May and June, many analysts expect digital assets to enter a super bull cycle (also called supercycle) this year. Simply put, a significant factor that influences the crypto market is Bitcoin's halving mechanism that cuts the new flow of BTC supply in half every four years. Historically, all these events had triggered significant bull runs for cryptocurrencies. And, due to halvings, crypto's market cycle has always lasted approximately four years. However, considering the record rates of inflation and low central bank interest rates as well as the rapidly growing adoption of cryptocurrencies by both institutional and retail investors, analysts expect Bitcoin to break its standard cycle and instead enter into a supercycle this year. According to their predictions, this super bull cycle will last longer than the previous ones and may potentially lead to one of the largest gains for digital assets. To learn more about ADA's recent price surge and the Bitcoin super bull cycle, we recommend checking out this article on Blockdesk. [LINK] Hope you enjoyed the story above. Check out the articles we have collected for you below to stay updated with the latest news of the industry: How Bitcoin Has Changed the World Already – Without Mass-Adoption – Since its launch in 2009, Bitcoin has disrupted numerous industries and changed the lives of many people worldwide despite the fact that cryptocurrencies haven't yet reached mass adoption. Ripple (XRP) is Looking Shaky Going into Court Case – What Happens if They Lose? – The US Securities and Exchange Commission's (SEC) battle with the global, digital asset-powered payments network provider Ripple is among the most high-profile lawsuits in the crypto space. Now the question is: will Ripple come out as the winner? First Bitcoin Mining Death Recorded as Miner Electrocutes Himself – Cryptocurrency mining comes with many risks, which can go beyond regulatory laws and restrictions. In an unfortunate event, it claimed the life of a 26-year-old who deceased due to electrocution as he tried to fix his mining equipment. While there were many incidents related to crypto mining in the past, none of them were fatal until this case.   Artificial Intelligence is a Logical Step for Crypto – How Fetch is Bringing AI to the World – Artificial intelligence (AI) is often a widely discussed topic nowadays, even to build conspiracy theories about it. However, with blockchain technology on the scene, it seems logical that the introduction of AI is a must step to boost its potential and enhance blockchain technology's overall efficiency for several fronts. In fact, Blockchain can record all decision-making data and variables and make AI more understandable. That's all for now. We will return tomorrow with another batch of crypto news for this week. See you then! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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