Cardano, Terra, Polkadot: will the sponsorship of FC Barcelona be a success?

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Cardano, Terra, Polkadot

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Investing.com – Cardano, and all pull back on Monday, January 24, 2022. Loss -14.30% to $0.9656, while down -11.74% to $60.910 and down -14 .31% to $16.17.

Cardano: Network congestion irritates SundaeSwap users

Last Thursday saw the long-awaited launch of SundaeSwap DEX on the Cardano mainnet. But unfortunately, the platform could not live up to the expectations placed on it.

This, however, was not so much related to the DEX itself as it was to the ADA blockchain. The sharp drop in prices in the cryptocurrency market resulted in many trading robots flooding the network with transactions, which resulted in an overload.

But for SundaeSwap users, that’s hardly a consolation. They’ve lost money due to slow execution speeds and feel like they’ve been cheated, as can be read on Twitter (NYSE:):

“Who cares? At this point you’ve screwed up the whole deal. When I placed my order 6 minutes into it it was very attractive but because you couldn’t process the order fast enough, I won’t receive any tokens until the price goes back down. I lost 70k. You misled us.”

Terra bearish move towards $52

On the daily chart, we can see that the Luna has once again broken below the 61.8 percent Fibo retracement of $62.9365.

This level now offers resistance and if it cannot be breached sustainably, losses should inevitably be expected towards the 78.6 percent Fibo retracement of $51.9855.

Polkadot sponsor of FC Barcelona?

Sponsorship deals are a great way to grab attention. That’s why Polkadot is pressuring FC Barcelona to make him an offer of official shirt sponsorship.

FC Barcelona Noticias reported that such sponsorship costs up to €75m per season. The former UEFA Champions League winner is hugely popular as advertising space and other companies like Spotify (NYSE:) and Tencent are also trying to strike a deal.

For the previous sponsor, Rakuten, advertising was worth 55 million euros per year.

By Marco Oehrl

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