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Cardano Price Analysis: Will Elon Musk Put US Treasury on ADA Blockchain?

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Summary
Nutrition label

62% Informative

Cardano ( ADA ) price remains bearish this week as many crypto investors embrace a cautious tone.

ADA price may rebound if Elon Musk agrees to use Cardano network to digitize US Treasury .

Elon Musk is said to be considering using blockchain to slash government expenditure.

Cardano is in the second phase of Elliot Wave , pointing to an eventual rebound.

VR Score

40

Informative language

25

Neutral language

49

Article tone

formal

Language

English

Language complexity

35

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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