Cardano Foundation shared on-chain statistics for the past month in August 2024. In its tweet, the Cardano Foundation highlighted steady growth across the Cardano ecosystem, with an increase in transactions, wallets, and holders of the Cardano ecosystem’s native token (ADA).
Active wallets grew by 0.67% to 4.87 million, while delegated wallets grew by 1.33 million, or 0.98%. Plutus script grew by 0.75% in August to 6,709 while native token holders increased by 0.85% to 10.3 million. Policies grew by 6.53% to 160,299. Meanwhile, transaction types on Cardano include 31% smart contracts, 49% simple transactions, and 20% metadata without smart contracts.
Trading Psychology: Overcoming Emotional Challenges and Improving Performance
Trading psychology is one aspect that is often overlooked but is important for successful trading in the financial markets. The emotional nature of humans and their vulnerability to uncertainty makes trading psychology the main key to overcoming challenges in the trading world. Here are some tips and strategies for managing trading psychology well:
#### 1. Self-Awareness The first step in managing trading psychology is to understand yourself. Recognize the emotions and reactions that arise when trading, such as fear, greed, or excessive excitement. By increasing self-awareness, traders can identify detrimental behavioral patterns and implement more adaptive strategies.
Polygon has now begun migrating from MATIC to POL tokens, aiming to improve network functionality and support its ambitious Polygon 2.0 development plans. The Polygon network, one of the leading Layer-2 solutions built on Ethereum, is set to undergo a significant upgrade. The widely used MATIC token will transition to the new POL token, a move designed to improve network capabilities and prepare for future expansion.
As part of this migration, MATIC holders on the Polygon Proof of Stake (PoS) chain will see their tokens automatically converted to POL, requiring no further action. However, MATIC holders on other platforms, such as the Ethereum network or Polygon’s zkEVM Layer-2 network, will need to manually migrate their tokens using the Polygon Portal or by bridging to Ethereum.
While there is no set deadline for this conversion, Polygon has hinted that a timeframe may be introduced in the future.
TON Coin: Uncovering the Price Drop and Its Implications in the Cryptocurrency Market
TON Coin, one of the cryptocurrencies that has attracted the attention of many investors in recent years, has recently experienced a significant price drop. This drop has not only created uncertainty among $TON Coin holders, but also caused reactions and speculations throughout the cryptocurrency market.
### Causes in Deeper Context
1. **Internal and External Factors** The decline in the price of TON Coin can be caused by a number of internal and external factors. On the internal side, there may be technical issues in the TON Coin development project that have not been resolved or a lack of significant progress in achieving the project's goals. On the other hand, external factors such as regulatory changes, global economic instability, or geopolitical situations can also affect the price of cryptocurrencies.
Binance Coin (BNB): Enhancing Welfare in the Blockchain Ecosystem
Binance Coin (BNB) is a crypto coin issued by Binance, one of the largest crypto exchanges in the world. Since its launch in 2017, BNB has become one of the leading and most trusted crypto coins in the market. BNB is not only used for various purposes on the Binance platform, but also has strong value outside the Binance ecosystem. One of the key factors to BNB’s success is the ecosystem that Binance has built around it. BNB is used to pay transaction fees, facilitate trades, and various other services on the Binance platform. In addition, Binance regularly runs tokenization programs where new projects can issue their own tokens on top of Binance Chain using BNB.
Some in the cryptocurrency community have seemingly thrown their support behind Vice President Kamala Harris by helping to prepare her presidential campaign. Despite the sector’s mixed feelings about Harris’ potential stance on digital assets, several prominent crypto figures have organized a $100,000 fundraiser in Washington, D.C., set for September 13.
The event is meant to bring together crypto donors and show support for Harris, despite the current high level of skepticism toward the vice president. The crypto community’s support for Harris comes amid a complex backdrop. Many in the industry are hoping that if Harris is elected, she might adopt a more crypto-friendly approach than the current administration.
Doge Coin: Cryptocurrency Skyrocketing in the Market
Doge Coin, a cryptocurrency that started as an internet joke, has now become one of the most popular digital assets on the market. Launched in 2013, Doge Coin uses the cute Shiba Inu dog logo as its icon. Although initially overlooked by many investors, Doge Coin has seen its value skyrocket in recent years. The significant increase in the price of Doge Coin was mainly driven by the support of famous figures such as Elon Musk and Mark Cuban. The presence of Doge Coin on major trading platforms such as Coinbase and Robinhood also helped increase its popularity. In addition, the strong community behind Doge Coin has contributed greatly to the growth and acceptance of this cryptocurrency.
Today, the crypto market continues to exhibit high levels of volatility, with prices of digital assets fluctuating. Bitcoin, as the market leader, experienced a significant decline, followed by other altcoins. Factors such as regulation, institutional adoption, and global market conditions affect investor sentiment. Despite the price decline, interest in blockchain technology continues to grow, with several large companies starting to consider crypto assets in their financial strategies. Crypto market players should remain vigilant of rapid price changes and need to implement appropriate risk management strategies.