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Rumors of an upcoming Initial Public Offering (IPO) and listing have been fueled by NASDAQ’s message.
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Chances are that cryptocurrencies could be settling in a range in the interim.
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Developments on higher timeframe charts suggest the recent rebound is not a sign of the resumption of the multi-week uptrend.
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The crypto analyst believed this incident exemplified the recent surge of interest and adoption Cardano has been experiencing.
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Looking forward, Gambardello speculated on the potential impact of the ongoing adoption wave.
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