Tag: Cardano

Cardano Whales Rapidly Accumulating, ADA Bull Run Incoming?

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There are encouraging on-chain activities in Cardano. According to Santiment, an on-chain analytics platform, on August 14, there were 25,294 wallet addresses with at least 100,000 ADA, the highest in over 16 months. The uptick could signal interest, especially considering that prices are under pressure looking at the performance in the daily chart.  Cardano Whales Accumulating | Santiment ADA Whales Accumulating Looking at Santiment trends, it appears that ADA whales began accumulating as early as June 2022, and the number has been rising steadily ever since. However, amid this encouraging “bullish”…

Cardano sees 16-month high accumulation

Cardano (ADA) has been experiencing a noteworthy surge in accumulation despite prevailing bearish sentiment in the market.  Despite a 35% decline in its market cap over the last four months since the yearly peak, trader sentiment toward Cardano remains subdued. However, this hasn’t dissuaded large holders from showing a continued interest in the asset. Per the data from Santiment, the number of wallets holding 100,000 or more ADA tokens has reached its highest level in 16 months, with a current count of 25,294 such addresses.  This accumulation trend bucks the…

Cardano (ADA) Nears The $0.3 Resistance: What Lies Ahead?

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The journey of Cardano (ADA) toward reclaiming the $0.3 price level seems to be growing more challenging in the days ahead, as the cryptocurrency grapples with persistent bearish pressure. After successfully managing to hold the line at $0.3 during the latter part of July, the digital asset encountered a setback in early August when this crucial support level split, potentially paving the way for further price declines. The $0.3 mark not only signifies a March low but also acted as a pivotal resistance point during the months of June and…

Cardano Tests Psychological Support – What’s The Next Move?

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Cardano (ADA) recently made waves as it brushed against the critical $0.30 resistance level. The significance of such resistance levels in the world of cryptocurrencies cannot be underestimated, as they often mark crucial junctures in the price trajectory of digital assets. Resistance levels serve as key markers on the price charts, indicating levels at which an asset faces heightened selling pressure. These levels are points where a substantial number of traders historically have chosen to sell their holdings, causing the price to temporarily stall or reverse its upward trajectory. Such…

Cardano (ADA) Next In Line For A Rally Following Shark And Whale Buying Spree

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Cardano (ADA) has not exactly been the best performer in the last month. Instead, the altcoin’s price has continued to stall even during periods of market recovery. However, this trend could change pretty soon given the current accumulation trend among sharks and whales, something that could take a significant chunk of available supply off the open market and trigger another rally. Cardano Sharks And Whales Go To Market In a Tuesday post, the on-chain data aggregator platform Santiment revealed an interesting development concerning the ADA sharks and whales. The sharks…

Solana and Cardano navigate through market turbulence, Borroe registers growth

As Solana (SOL) and Cardano (ADA) struggle to gain momentum, stage 1 of the Borroe presale is ongoing after completing its beta phase. Experts retain a bullish outlook on ROE, saying it could outperform the market, driven chiefly by its use case. Solana breaks above $23 Solana’s performance is mixed. It recently broke above $23 but is down 6.5% in the past week. Nevertheless, experts believe SOL is oversold and may recover in sessions ahead. Some investors are convinced that the release of Solang, a software for developers to build apps on…

Cardano DEX MuesliSwap to refund users after slippage confusion

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The team behind the Cardano-based decentralized exchange MuesliSwap has made a decision to refund users that have been hit with high slippage over the past year. On Aug. 8, the MuseliSwap team said it “fell short in providing adequate clarity” on the slippage feature within its protocol. Slippage is the price difference between when a transaction is submitted and when the transaction is confirmed on the blockchain. MuesliSwap users have been paying high slippage for at least a year due to the way the decentralized matchmaker was set up, the…

Borroe presale attracting investors, Cardano remains volatile

The crypto world is constantly evolving. New platforms like Borroe are emerging to provide alternative funding solutions for web3 businesses and users. At the same time, established projects like Cardano (ADA) are facing challenges due to ongoing scrutiny from regulators. Expounding Borroe  Borroe is a platform that helps web3 businesses with their financial needs. It offers a solution allowing companies to turn future income streams into non-fungible tokens (NFTs) that investors fund. These NFTs provide businesses with the necessary capital to meet their immediate needs. Borroe’s platform has several advantages over traditional financing…

Litecoin halving approaching, Cardano building as Borroe presale progresses

Next week, the crypto industry will closely follow the Litecoin (LTC) halving, which takes place every four years. Experts are monitoring the potential outcomes with interest.  At the same time, investors are exploring Borroe and its prospects for 2023 as Cardano (ADA) continues to grow and develop. >>Buy ROE tokens now<< Litecoin halving approaching The Litecoin halving is scheduled for on or around August 2, 2023. It could impact LTC prices and the broader crypto ecosystem. After halving, miner block rewards will drop from 12.5 to 6.25 LTC. Historically, prices…