Cardano has amassed nearly $100 billion in market value while bitcoin and ether hit their highest prices since May.
Ethereum, which has long dominated the market for smart contracts, surged 7% overnight to a price above $3,800—reaching a four-month high after NFTs posted record-breakingEven bitcoin, which lags Ethereum in smart-contract support and has been underperforming the broader crypto market in recent weeks, jumped 4%, surpassing a $50,000 price for much of Thursday morning.
"It can be expected that some of the NFTs on the market now will have little value in a few years, but some will be worth a fortune."Alongside the buzz around NFTs, ongoing institutional adoption and heightened inflationary concerns have helped the cryptocurrency market pare back losses sincein China sparked a nearly 50% crash in early May. The market is still down about 12% from its all-time high, but it's skyrocketed more than 40% over the past month.
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