Tag: Cardano

Cardano Poised To Hit $2.88, Following Solana’s Fractal: Analyst

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Crypto analyst @XForceGlobal shared a new video chart analysis focused on Cardano (ADA), a cryptocurrency that many are dismissing as a “dinosaur coin” at the moment. In the analysis, XForceGlobal (@XForceGlobal) provided an in-depth look at Cardano’s current position within the Elliott Wave cycle, suggesting that ADA is on the of entering a strong upward phase, commonly referred to as “Wave 3.” Cardano Price Could Soar To $2.88 The analyst compares the current price action of ADA to that of Solana (SOL). Earlier this year, Solana demonstrated a similar price…

Cardano Rises 8% As Hoskinson Reveals Launch Date For Highly Anticipated Chang Fork

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Cardano Kicked Out Of Top 10 Crypto By Market Cap, What’s Going On?

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In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 cryptocurrencies by market capitalization. The popular altcoin has also been usurped by Tron (TRX), marking a significant shift in the crypto market.  Cardano’s Fall From Grace  According to reports from CoinMarketCap, Cardano has dropped out of the top 10 largest cryptocurrencies by market capitalization. The popular altcoin lost its long-standing position following significant price declines over the past week, which reduced its market capitalization to around $12.3 billion. Bill Morgan, a popular crypto enthusiast…

Cardano sees highest positive sentiment in 2024 despite 47% slump in five months

Cardano records a resurgence of bullish sentiments despite persistently underperforming in comparison to the broader market. This uptick in sentiment is particularly notable given the broader market context. The crypto market is showing signs of recovery, with Bitcoin (BTC) reclaiming the $61,000 price mark, which has bolstered optimism across major cryptocurrencies.  Despite recently dropping out of the top 10 list of largest assets, Cardano (ADA) is one of the biggest beneficiaries of this optimism. Per Santiment, Cardano’s weighted sentiment score is at an impressive 1.69, surpassing other major assets like…

Cardano Down 90% Since September 2021, Did Smart Contracts ‘Kill’ ADA?

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At the peak of the 2020 to 2021 bull run, ADA, the native token of Cardano, rose to $3 in August. Interestingly, developers activated smart contracts around the top of this cycle after completing the Alonzo hard fork, ushering in the Goguen phase. Did Alonzo And Smart Contracts Kill ADA? However, as Atomic Wallet analysts note, ADA has been on a downtrend since then, crumbling by over 90% over the years at the time of writing. ADA is changing hands at $0.32 when writing, finding immediate support at around $0.30,…

Cardano Sees Massive 150% Volume Surge, Yet ADA Price Stalls With 4% Decline

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The crypto market has witnessed a substantial surge in the Cardano trading volume over the last 24 hours. Yet, the blockchain’s native token, ADA, has failed to deliver a proportional price increase.  Bullish Cardano Volume Data According to data from the information platform CoinGlass, Cardano, currently the 11th largest cryptocurrency by market capitalization, has experienced a 150% surge in trading volume in the 24 hours, amounting to approximately $477 million. Related Reading CoinGecko’s data also corroborates this trend, revealing a substantial 67% increase in Cardano’s trading volume compared to the…

Cardano Founder Unveils How Blockchain Can ‘Revolutionize’ AI

At the Ai4 2024 conference held at MGM Grand, Las Vegas from August 12-14, Cardano founder Charles Hoskinson held a speech, focusing on the challenges of merging blockchain and AI. Romain Pellerin, CTO at Input Output, summarized the most significant points from Charles Hoskinson’s keynote speech via X. Cardano Founder: How To Merge AI And Blockchain Hoskinson argued that blockchain could fundamentally underpin AI by providing a decentralized marketplace for data, models, and inference, thereby serving as an essential incentive and trust layer. “AI could leverage blockchain as an incentive…

Cardano Eyes $0.3389: Can Bulls Sustain ADA Above This Critical Level?

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Cardano (ADA) is approaching a critical juncture as it eyes a retest of the key $0.3389 support level. In recent trading sessions, ADA‘s price has previously risen above this level and is currently dropping for a second retest thereby raising concerns among investors and traders.   A successful defense of the $0.3389 support could signal a potential reversal and renewed bullish momentum, while a breach below this level may open the door to further declines. This article aims to analyze the significance of the $0.3389 support level for Cardano and whether…

Cardano Not Spared From Bloodbath, Suffers 30% Loss

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Cardano has been among the major coins that suffered miserably in the chaotic crypto market today: the token lost 30% in value in the last week. The broader market’s slip and crash are to be blamed for the token’s poor performance. Related Reading The past 24 hours remain bloody, with the total market cap facing an over 13% decrease. Bitcoin and Ethereum, the two top cryptocurrencies, saw their prices decrease by 24% and 31% respectively since last week, showing the market’s vulnerability to the spreading macroeconomic fears in private equity. …