Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

In August, the cryptocurrency sector faced its most severe market downturn of 2024, with bitcoin and various altcoins experiencing rapid declines This downturn, driven by a combination of recession fears, geopolitical unrest, and significant market corrections, has erased the gains of the previous bull market, leading to a 20% reduction in the overall market capitalization Within this landscape, Cardano (ADA) has seen a notable deceleration in growth Its development activity has plummeted by 75% within a single month Similarly, the prospects for pepe have dimmed, with its valuation dropping nearly 40% below its highest peak...