Cardano Surpasses Bitcoin Following Founder's Announcement of Partnership with Cathie Wood-Backed LayerZero and Midnight Launch Schedule

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 13 hours ago

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Should l Buy ?

Source: stocktwits

Cardano's Integration Announcement: Charles Hoskinson announced that Cardano will integrate Cathie Wood-backed Layer Zero into its blockchain, with the new privacy-focused token, Midnight, set to launch in the final week of March.
Market Performance: Cardano's price rose over 5% recently, while Bitcoin saw a smaller increase of 1.6%. Retail sentiment around Cardano has shifted to "bullish" from "neutral."
Collaboration with Major Companies: Google and Telegram are collaborating to support the Midnight project, which aims to enhance privacy features on the Cardano blockchain.
Overall Cryptocurrency Market Trends: The overall cryptocurrency market capitalization increased by 1.7%, reaching $2.4 trillion, with notable gains in Dogecoin and Binance Coin, while retail sentiment around these coins remains neutral.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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