Tag: Cardano

Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?

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Despite the crypto market recovery, a large number of Cardano holders are still nursing losses, leading to speculations as to why this is the case. Data from IntoTheBlock shows that the altcoin is the worst performer in terms of profitability when it comes to the top 10 largest cryptocurrency by market cap, disappointing holders and long-term believers. Cardano Profitability Sits At Only 15% The Cardano profitability has remained low since the market crash of 2022 and even with the market recovery, the majority of investors are still underwater on their…

Cardano (ADA) Could Retrace Gains, Yet the Bullish Trend Persists

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Cardano price extended gains above the $0.4350 resistance. ADA is now consolidating gains and might correct lower toward the $0.4250 support. ADA price climbed higher and tested the $0.4565 zone. The price is trading above $0.4320 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.4400 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could correct lower and test the $0.4250 support zone. Cardano Price Shows Signs of Short-Term Weakness In the past few…

Cardano Analyst: ADA To 2X After Breakout, Chang Hard Fork As Tailwinds?

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Cardano has not been left behind in the ongoing revival as with Bitcoin and other top altcoins. From the daily chart, ADA, the native currency, is up roughly 4% in the last day and 17% in the previous week, according to CoinMarketCap data. Analyst: Bulls To Lift ADA By 2X Even as ADA reverses recent losses, one analyst thinks more will come. In a post on X, the analyst said the coin is gearing up for more price gains that could see ADA more than 2X in the medium term.…

Cardano Founder Proposes Blockchain Solution To Elon Musk

On Tuesday, July 16, Charles Hoskinson, founder of the blockchain platform Cardano, publicly offered to assist Elon Musk in addressing the escalating issue of account hacks and the proliferation of scam bots on X (formerly Twitter). Hoskinson’s proposal involves the integration of Decentralized Identifiers (DIDs), a concept endorsed by standards bodies like the World Wide Web Consortium (W3C), into X’s framework. What The Cardano Founder Offers Musk Hoskinson reached out directly via an X post, stating, “Elon, we need DIDs integrated into X. It solves all of these problems. Again,…

Why Did The Cardano Price Surge 17% Amid The Crypto Market Crash?

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Cardano (ADA) has recorded a significant 20.29% price increase for the past seven days in line with the current green movement for most cryptocurrencies. ADA trading volume has spiked massively since it bottomed out at $0.335 on July 8, allowing it to outperform the majority of the large market-cap cryptocurrencies. For those wondering, ADA’s price surge can primarily be attributed to large on-chain transactions in the past seven days.  Cardano Outperforming Many Cryptocurrencies Cardano is currently outperforming the market and could continue to do so throughout the weekend and into…

Cardano Moves Toward $0.4233, Will ADA Maintain Its Uptrend?

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Cardano (ADA) Eyeing $0.40 Break: Will It Ignite a Bullish Surge?

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Cardano price started a steady increase above the $0.3850 resistance. ADA is now eyeing a close above $0.40 to gain bullish momentum. ADA price started a fresh increase and traded above $0.3880. The price is trading above $0.390 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.3935 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if it closes above the $0.40 zone. Cardano Price Eyes Steady Increase In the past few…

Cardano Sees 1,218% Spike In This Major Metric, Will ADA Price Follow?

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The Cardano blockchain has been relatively quiet since the beginning of July, alongside an ADA price consolidation. As per on-chain transaction data, Cardano whales have also been relatively quiet since the last week of June. Daily whale inflows have steadied under 5 million ADA since the beginning of the month, save for a recent spike earlier in the week. Particularly, on-chain data from IntoTheBlock indicate a recent 1,218% spike in daily whale inflows, a development that may signal the start of an ADA price uptick. Cardano Sees 1,218% Spike In…

Cardano climbs as cryptocurrency market rebounds

Cardano (ADA), the eighth-largest cryptocurrency by market capitalization, experienced a notable 3.4% price increase in the past 24 hours. Cardano’s price rally occurs amid a broader recovery in the cryptocurrency market. Bitcoin and Ethereum are also seeing slight gains of 2.5% and 2.2%, respectively. Bullish reversal Technical analysis on TradingView indicates that Cardano may be on the verge of a bullish reversal. The cryptocurrency has shown a “change of market character” and broken above the resistance of a wedge pattern, suggesting a potential shift towards a more bullish trend. This…

Cardano (ADA) Founder Claps Back At ‘Dead Coin’ Comments

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Cardano Founder Charles Hoskinson responded to Ben Armstrong’s comments about ADA status as a ‘dead coin’. Hoskinson’s reply sparked a conversation about the state of the crypto industry and what’s valued in projects. Related Reading Cardano And Polkadot Labeled ‘Dead Coins’ On Wednesday, crypto influencer Ben Armstrong, known as BitBoy Crypto, shared his thoughts on Cardano (ADA) and Polkadot (DOT). The influencer took X to explain his previous comments, stating that both cryptocurrencies were dead. In a YouTube Video from April, Armstrong said that ADA was “dead for real.” The…