Cardano Dips 7.91% – Can Valentine’s Sentiment Boost ADA?


Cardano (ADA) is set for a performance upgrade on February 14th, 2023. Both Cardano and Ethereum (ETH) have seen a dip in prices in light of potential crypto regulation in the U.S. The Cardano community is split on the potential impact of the SECP launch. The Cardano (ADA) blockchain has recently encountered a whirlwind of events. In particular, the ecosystem has confirmed the launch of the SECP or Valentine’s upgrade on February 14th, 2023, which is reported to increase interoperability for secure, cross-chain dApp development. The network has also seen a notable influx of whale buy-ins as February kicked off, accompanied by soaring developer numbers while enjoying a rank above Ethereum for 2022 developer activity. On the other side of the coin is the hot topic of cryptocurrency staking in the United States. 


Cardano and IOG founder Charles Hoskinson opined that Ethereum staking is problematic and that nuanced staking models like that of Cardano and Ethereum should not be regulated according to a “one-size-fits-all” interpretation. With the Valentine’s upgrade in close proximity, ADA is trading at $0.35 USD at the time of writing, recording a 7.91% decrease from its seven-day high of $0.40 on February 8th, 2023. The price of Ethereum has recorded a similar dip within the last seven days, after the conversations about a potential cryptocurrency staking ban in the U.S. Another ADA vs ETH At the time of writing, Ethereum (ETH) is trading at $1, 467, recording a dip of 8.08%, and also showing a decrease from its seven day high of $1, 671 on February 8th, 2023. As a result of the recent crypto staking regulation concerns, both the Altcoins seem to have been feeling some heat. The Cardano community has been expressing both bullish and bearish opinions regarding the upcoming SECP launch. Bullish for ADA? Some Cardano community members appear to be taking a bullish stance bordering Valentine’s day, and suggesting that the price of ADA will rally after the official launch of the SECP upgrade. 


However, positive market sentiment does not appear to be radiating throughout the entire community, with bearish concern also appearing to be a continued response to the conversation. ADA has been relatively stagnant despite numerous developments in the ecosystem, and it remains to be seen if the bullish ADA community members will be victorious in inspiring the same sentiment in their bearish peers. On the Flipside Historically, the price of ADA has not been showing a sustainable upward trajectory reflecting major developments in the ecosystem. 


The Ethereum ecosystem has recently been seeing a notable increase in NFT sales, which could result in a turnaround to positive market sentiment. Why You Should Care Cardano’s SECP upgrade could boost market sentiment and consequently the price of ADA, potentially influencing the ecosystem’s current #8 rank by market capitalization and stance in the broader crypto market. Read more about the ADA versus ETH saga: Charles Hoskinson Chimes in as Cardano and Ethereum Communities Clash over Smart Contracts – Staking Differences Explained Read more about Cardano’s SECP upgrade scheduled for February 14th: Cardano’s Valentine’s Upgrade to Bring More Cross-Chain Love 


Source : [Cardano Dips 7.91% – Can Valentine’s Sentiment Boost ADA?]( by Monique Brelage - DailyCoin by Monique Brelage / February 14, 2023 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata ICO Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested.

Automata ICO Limited, a Company incorporated in Ireland with its registered office at 3rd Floor Ormond Building, 31-36 Ormond Quay Upper, Dublin 7, D07 Ee37, Ireland registered in Ireland under number 690280 has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing, we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS.

Automata ICO Limited, a Permanent Establishment incorporated in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.