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Sony Group, in partnership with Startale, has launched Soneium, a public Ethereum layer-2 blockchain. This development is part of Sony’s strategic expansion into the blockchain ecosystem, leveraging its extensive distribution networks in entertainment, gaming, finance, and electronics.
Cardano (ADA) holders have reason to be cautiously optimistic as the altcoin’s price has increased by 3% over the past week, reaching $0.34. However, the overall sentiment surrounding the coin remains largely bearish.
On-chain data and price charts suggest that ADA could potentially rally to $0.
A few days ago, Cardano’s (ADA) price slipped to $0.32, bringing the altcoin’s year-to-date performance lower. However, as of this writing, an approximate 5% increase has helped ADA revisit $0.35.
Despite the recent price increase, Cardano remains in 11th place in terms of market capitalization.