Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101567
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
63.25%
Bitcoin Share
ZyCrypto 2025-03-20 20:08:28

SEC’s Notation of Cardano’s Utility Boosts Social Sentiments While ADA Daily Gains Skyrocket

SEC’s Notation of Cardano’s Utility Boosts Social Sentiments While ADA Daily Gains Skyrocket

Cardano (ADA) has recorded a spike in positive social sentiments this week, courtesy of the recent notations made by the U.S. Securities and Exchange Commissions. According to the regulator, the native token to the Cardano network is useful in and out of the broader cryptocurrency ecosystem. The regulator would classify the asset as a “smart contract for government services.” Market excitement has shot up following the SEC’s disclosure, as Cardano crowd sentiments went on to hit the highest bullish mark recorded in over four months. Per data from on-chain analytics firm Santiment, the ratio of positive to negative comments is 3.5 to 1, the highest recorded from October 30th through November 6th, 2024. The boost in social sentiment benefits the altcoin when the global cryptocurrency market is experiencing extreme volatility. While the SEC’s position on alternative cryptocurrency assets has remained unchanged, the regulator previously backpedaled on claims that a handful of leading altcoins qualify as securities. In a lawsuit filed against cryptocurrency exchange Binance, the SEC had previously demanded that Cardano (ADA), Solana (SOL), Polygon (MATIC), and five other “third-party crypto assets” be listed as Securities. On July 9, 2024, the SEC amended its demands in a filing, asserting that the court need not “issue a ruling as to the sufficiency of the allegations as to those tokens at this time.” While the new development is considered bullish, as it could catalyze a price rally for ADA, it remains to be seen what the boost in social sentiments will do for the 8th most-valued cryptocurrency by market capitalization. With daily gains going up by more than 4% over the last 24 hours, ADA is trading at a press time price of $0.745.

Most Read News

Moralis Money
Market Cap
24h Vol
63.25%
Bitcoin Share
110
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.