ADA Prepares For Next Move After Cardano Repelled Spam Attack

• Cardano survived a spam attack earlier this week.
• Cardano’s trading volume surged 62% in the attack’s aftermath.
• ADA reached significant support at $0.38 after falling by over 8.8% last week.

Cardano successfully fended off a spam attack earlier this week, and the blockchain’s founder, Charles Hoskinson, expressed his satisfaction with the development. Hoskinson shared a GIF image on X showing a cheerful glee and offering thumbs up to a commentator who summarized the incident.

https://t.co/cxNveyOLDd pic.twitter.com/VuibaSPw67

— Charles Hoskinson (@IOHK_Charles) June 26, 2024

The commentator posted:

“A hacker attempts a DDoS attack on Cardano, and the chain just slows down. Nothing else happens, and the scammer gets ADA stolen from him??”

In a video, Cheeky Crypto YouTube channel presenter, Nick, said the event has significant implications for Cardano’s native cryptocurrency, ADA. Nick observed a 62% increase in Cardano’s trading volume in the attack’s aftermath, as ADA price reached a crucial zone. He views the surge as an indication of the growing interest and trust in Cardano.

However, the crypto analyst highlighted the poten…

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