With a rounding bottom breakout rally in the AVAX price trend gaining momentum, the bulls are back at play. As the $40 breakout is inching closer to surpassing the $50 psychological mark, buyers anticipate a new 52-week high.

Chainlink is considered one of the most undervalued tokens within the markets. While the platform offers multiple use cases, the LINK price remained largely unchanged. This indicates the bulls still remain distinct from the token and a rise to these levels could attract their attention.

Charles Hoskinson, founder of Cardano and a prominent Wyoming ranch owner, is furious. The state's process for selecting vendors for its stable token project has left him, and his blockchain platform, Cardano, on the sidelines.

Cardano network reaches highest new address creation rate since June 2023, maintaining 24% weekly gains despite market pullback to $0.91.

AVAX tests critical $38.57 support while showing strong network growth with a 28.56% increase in active addresses and $1.362 billion in Total Value Locked.

Next few days could be critical for AVAX's price action on the charts.

On-chain data shows the adoption of Cardano is now happening at the fastest pace since June 2023, a sign that could be bullish for ADA's price. Cardano Has Registered An Uptick In New Addresses Recently According to data from the market intelligence platform IntoTheBlock, the ADA network has been growing recently.

Cardano (ADA) has experienced a remarkable recovery, surging by 200% in three weeks to reclaim the $1 mark—its highest level since 2022. As the altcoin continues to gain momentum, traders are closely monitoring its potential to rally another 45% and reach $1.5 this week, drawing parallels to its bullish performance in early 2021.

Cardano's ADA is currently trading below the crucial $1 mark and is down by more than three percent in the last 24 hours. The coin is facing resistance at a crucial level known as the “golden pocket.” This resistance is between $1.13 and $1.23.

Cardano (ADA) bulls remain confident, and recent on-chain data suggests that the altcoin may be primed for another rally. In the past two days, Cardano investors have withdrawn a staggering $100 million from exchanges, an indicator that often points to reduced selling pressure and an upcoming upward price movement.

Given the obvious signs of waning market momentum, Dogecoin's ambitious quest to reach the $1 milestone may have encountered a snag. Given that Bitcoin recently experienced a retracement that had an impact on altcoins in general, DOGE's trajectory appears less promising.

Avalanche (AVAX) has become one of the most closely watched cryptocurrencies in recent years, especially as it continues to gain traction among investors and developers alike. As the broader market enters what many are anticipating to be a new bull cycle, AVAX is expected to play a key role in this potential surge.

Optimism's OP Mainnet integrates all Chainlink services, enhancing ecosystem growth with data, DeFi, and VRF capabilities. The post Optimism joins Chainlink Scale, all Chainlink services are now live on OP Mainnet appeared first on Crypto Briefing.

Cardano has successfully launched its first zero-knowledge (ZK) smart contract on the mainnet, marking a major accomplishment. The transaction was done by Input Output with the use of Halo 2 zkSNARK technology and proves Cardano's focus on innovation and scalability in the field of blockchain.

Cardano (ADA) price has surged over 170% this November, emerging as a top performer in the cryptocurrency market. This remarkable rally reflects broader bullish trends across the crypto sector, reigniting investor confidence and interest.

Cardano's network activity surges to 2023 level, but will it help ADA?

Cardano fans express concerns over BitcoinOS' BOS token release, questioning its necessity in the Grail Bridge.

Layer-1 Proof-of-Stake (PoS) blockchain, Cardano is evolving with a new advancement in its smart contract pursuit. As the protocol's core developer Sebastian Guillemot revealed, Halo2, the first Zero Knowledge (ZK) transaction is now live on the mainnet.

Cardano (ADA) surged past the $1 mark over the weekend, marking a significant milestone in its recent rally. However, after reaching a multi-year high of $1.15, the cryptocurrency is now navigating a 17% correction as profit-taking sets in.

Charles Hoskinson, the founder of Cardano, has publicly criticized the Wyoming Stable Token Commission's recent blockchain network selections for the state's upcoming stablecoin, the Wyoming Stable Token (WST). In a livestream titled “XRP and Wyoming” broadcasted on November 25, 2024, Hoskinson questioned the commission's opaque selection process and raised concerns about potential conflicts of interest.

TL;DR Charles Hoskinson proposes an ecosystem of hybrid apps that allow Bitcoin to be used directly in DeFi applications, without the need for other tokens. The integration between Cardano and Bitcoin would include the use of babel fees, enabling users to pay fees in BTC.

According to dcSpark co-founder Sebastien Guillemot, the very first ZK (zero-knowledge) smart contract has been deployed on the Cardano mainnet.

Cardano (ADA), a key player in the cryptocurrency market, has slipped below the $1 mark, marking a significant 7% drop in the last 24 hours. This downturn comes as ADA faces stiff resistance at the “golden pocket” zone, a critical range between $1.12 and $1.23, identified on the weekly chart.

Story Highlights Cardano's price fails to hold its $1 mark. The ADA price records a strong bearish reversal and drops ~14% today. Technical indicators experience a bearish convergence, however, a potential bullish reversal can be expected. The cryptocurrency market has turned bearish this week with top tokens recording a significant drop in their respective portfolios.

As recent bull market sentiment begins to show its cracks and Bitcoin takes a tumble, layer-1 altcoins appear among the most resilient, with Avalanche, Polkadot, and Fantom as standouts. The post Layer 1 Altcoins Immune to Bitcoin Dip: AVAX, DOT and FTM Price Surge Despite Red Market appeared first on Cryptonews.

Crypto to Buy Now: After a notable upside rally, the overall cryptocurrency market appears to be correcting. Today, November 26, 2024, the top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and several others have reported significant price declines.

Cardano price has faced a sharp reversal, dropping nearly 21% from its highest level this month as investors took profits. Cardano (ADA) was trading at $0.92 on Tuesday, Nov.

Chainlink grabbed headlines with a 10% rally last week, which pushed its monthly gains to 53%. This stellar performance by LINK has resulted in a bullish outlook for the Oracle token.

Technical signals indicate further increases while analysts predict new highs.

Bitcoin (BTC) has registered a sharp decline as its march to $100,000 faced a significant setback as the price slipped below $95,000. BTC is down almost 4% over the past 24 hours and trading at $94,351, with sellers in control.

Today, Cardano has taken an 11% nose dive amid a reigning-in of recent bull market sentiment, putting its $1 valuation into question. The post Cardano Struggles As Market Turns Red, ADA Falls Below $1, Down 11% in 24 Hours – What's Next? appeared first on Cryptonews.

Here are ADA's next potential targets (according to some popular industry participants).

Cardano blockchain founder Charles Hoskinson has shared a vision of building an “ecosystem of hybrid apps powered by DeFi-enabled Bitcoin.” In a Nov. 26 post on X (formerly Twitter), Hoskinson highlighted his renewed interest in Bitcoin's foundational code while noting that adding a DeFi layer to the top digital asset could restore its innovative edge.

Chainlink's LINK token has reached $18.4 after a 10% gain, approaching a key resistance level at $22 where 100,220 addresses hold 57.2 million tokens.

Charles Hoskinson, the prominent crypto entrepreneur behind Cardano, has said he wants to add decentralized finance (DeFi) features to Bitcoin. Looking back on his long history with Bitcoin and its foundational code, Hoskinson described his renewed focus on the cryptocurrency, viewing it as a chance to revisit its design and expand its potential.

Top traders were net long on ADA, a bullish conviction of likely extra rally.

Avalanche has just welcomed its largest software update ever hosted, with a dedicated launch on the Fuji testnet.

For some investors, Cardano's recent dip below $1 might seem catastrophic. However, ADA bulls appear unfazed by the slight decline, as on-chain data suggests they may be gearing up for another sustained uptrend.

ADA, alongside the rest of the market, dumped hard in the past day.

Story Highlights The Avalanche price retests the $45 mark, eyes to hit $50. The EMA 50/200-day record a Golden Cross in the daily time frame, highlighting a higher target. The AVAX price has soared over 70% during this month. The AVAX token has maintained its bullish price action despite increased price volatility.

Cardano (ADA) has dipped below the crucial $1 level and is down by more than seven percent in the last 24 hours. ADA had recently come across a major resistance at the golden pocket area, which is positioned between $1.12 and $1.23.

An analyst has explained how the path to a new Chainlink all-time high (ATH) could open up if LINK can break past this resistance block. Chainlink Could Find Major Resistance At The $20 Level In a new post on X, analyst Ali Martinez has discussed how the resistance barriers for LINK are currently looking in terms of the on-chain cost basis distribution.

This week's crypto calendar is packed with major events, as Sonic Labs is about to launch its L1 mainnet, the Avalanche Etna update went live, Jupuary voting began for Jupiter, and more.

Avalanche is going through its largest upgrade since the mainnet launch, unlocking more than $40 million in retroactive rewards.

The cryptocurrency market's November rally has spotlighted several Cardano Rivals poised for exponential growth. After Cardano's ADA token surged 250%, investors are eyeing competitors that could deliver significant returns.

Santiment's analysis of the Cardano market is based on two key indicators: realized profits and social media activity. According to their data, the $165 million in profits realized on November 22 was the highest level in eight months.

Bloomberg Analyst James Seyffart has outlined potential timelines for the approval of Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR) exchange-traded funds (ETFs). As regulatory discussions gain traction in the United States, Seyffart predicts that decisions on these altcoin ETFs may extend into late 2025, depending on various factors.

Cardano (ADA) has emerged as one of the cryptocurrency market's standout performers. Its market capitalization has tripled in just 17 days to reach an impressive $37.40 billion.