Tag Archives: adausd

Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA

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Cardano (ADA) is currently competing with Ethereum in terms of large transaction volume. This is undoubtedly a positive development for the ADA ecosystem, especially since it indicates a wave of accumulation among the token’s large holders.  Cardano Matches Ethereum In Large Transaction Volume Ethereum witnessed a large transaction volume of $6.71 billion.  This development suggests… Continue reading Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA→

Institutional Investors Show Interest In Cardano, Triggering 300% Surge

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Cardano (ADA) has witnessed a massive 300% surge in Exchange Traded Product (ETP) inflows. The unexpected influx of capital from institutional investors could set the stage for a potential uptrend ahead of the Chang hard fork.   Cardano Inflows Skyrocket 300% On July 29, CoinShares, a leading firm in the crypto ETP industry, released a weekly… Continue reading Institutional Investors Show Interest In Cardano, Triggering 300% Surge→

Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA

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Cardano is at a significant milestone with the impending Chang hard fork. This pivotal moment follows the recent upgrade of its node validation software before the upgrade goes live. As the Cardano ecosystem gears up for this major update, the network is experiencing a surge in activity that could determine its trajectory in the coming… Continue reading Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA→

Cardano Among Alts Likely To See Price Boosts, Santiment Says

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On-chain analytics firm Santiment has revealed Cardano (ADA) is one of the altcoins that could likely see price jumps shortly. Cardano Among Altcoins That Are Being Heavily Shorted Right Now In a new Funding Rate,” which keeps track of the periodic fee that derivatives traders have to exchange with each other. When the value of… Continue reading Cardano Among Alts Likely To See Price Boosts, Santiment Says→

Cardano In The Spotlight: Why The $0.6 Level Is Important To ADA

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Cardano (ADA) is currently in a pronounced seven-day decline, which was exacerbated by a fresh descent below the $0.41 mark. This decline is part of a broader trend observed across many altcoins, which have reacted negatively to Ethereum’s significant drop in the last 24 hours. The decline represents a correction from a bullish run that… Continue reading Cardano In The Spotlight: Why The $0.6 Level Is Important To ADA→

Cardano (ADA) Dips Under $0.4233: Will the Bears Continue to Rule?

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The cryptocurrency market has seen a recent downturn, with Cardano (ADA) experiencing a notable decline, dropping below the $0.4233 mark. This drop can be attributed to the recent shift in market sentiment towards a bearish outlook. The critical question now is whether this bearish momentum will continue or if a potential rebound is on the… Continue reading Cardano (ADA) Dips Under $0.4233: Will the Bears Continue to Rule?→

Cardano (ADA) Falls: Ethereum’s Decline Pulls Altcoins Down

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Cardano price started a fresh decline below the $0.4120 support. Ethereum’s decline seems to be dragging ADA lower toward the $0.380 support. ADA price started a fresh decline from the $0.450 resistance zone. The price is trading below $0.4120 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance… Continue reading Cardano (ADA) Falls: Ethereum’s Decline Pulls Altcoins Down→

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… Continue reading Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?→

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… Continue reading Cardano (ADA) Could Retrace Gains, Yet the Bullish Trend Persists→

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… Continue reading Why Did The Cardano Price Surge 17% Amid The Crypto Market Crash?→