The Virtune Staked Cardano ETP (VIRADAE) has been formally introduced on Nasdaq Helsinki by Virtune, a regulated digital asset manager with headquarters in Sweden. For Cardano (ADA), this is a major turning point as it gives institutional and individual investors a new avenue to invest in ADA and earn staking rewards.
Cardano is expanding as Swedish asset manager Virtune AB has launched a new exchange-traded product (ETP) that tracks the coin. The product, launched alongside Avalanche ETP, now trades on Nasdaq Helsinki, giving institutional investors a new way to gain exposure to the coin.
With optimistic forecasts setting its price at $5 by the end of 2025, Cardano (ADA) has demonstrated great potential in the bitcoin market. By February 2025, analysts predict a rise of 97.82%, reaching $1.9937 and a return on investment (ROI) of up to 389.34% by August.
Despite the bullish predictions, ADA's price remains deep in the red on a monthly scale.
The Cardano price faced a massive pullback in the first few days of the month due to external factors. The token remained under tremendous pressure with the key support levels around $0.7 and as a result, it rebounded without attracting deeper correction.
Swedish asset manager Virtune launched Avalanche ($AVAX) and Cardano ($ADA) exchange-traded products (ETPs) on the Finnish market. Previously, Virtue rolled out $BTC, $SOL, and XRP ETPs, as well as the Crypto Altcoin Index ETP, which gives exposure to the top 10 cryptos at once.
Virtune Avalanche ETP and Virtune Staked Cardano ETP will now be accessible to both institutional and retail investors on Nasdaq Helsinki through banks. The post Swedish Crypto ETP Issuer Virtune Lists Avalanche, Cardano ETPs on Nasdaq Helsinki appeared first on Cryptonews.
Cardano has been among the most bullish cryptos in the 2021 bull run but has shifted its trajectory to bear-driven in the past few years. Although the Cardano price is low at the current level, it is holding up the best in this market's volatility.
A new altcoin is silently taking the stage as Solana and Cardano exhibit indications of a possible rally. DTX Exchange is a newly developed cryptocurrency fast acquiring popularity and grabbing the interest of both investors and analysts.
Swedish crypto asset manager Virtune is now giving investors in Finland exposure to Avalanche and Cardano via its newly launched crypto ETP products.
Charles Hoskinson, the founder of Cardano and IOHK, has expressed strong confidence in the future of Cardano's Hydra protocol and its potential to reshape the blockchain landscape.
Cardano (ADA) creator Charles Hoskinson stated that 2025 is the year of crypto, highlighting the rapid market recovery post the recent crash.
Cardano (ADA) has been a key player in the blockchain industry, known for its research-driven approach and steady ecosystem development. However, a new competitor, Lightchain AI, is rapidly gaining traction and is poised to outperform ADA's strongest bull run in 2025.
Cardano's price has experienced a massive drop recently following the Ethereum crash. However, things are still looking more positive for ADA, compared to ETH.
With potential partnerships and network growth, will ADA recover, or is further downside inevitable?
Tron (TRX) and Cardano (ADA) have remained popular choices for investors looking for long-term blockchain projects with strong fundamentals. Tron's high-speed transactions and low fees have made it a go-to network for decentralized applications (dApps) and stablecoin transactions.
Cardano's lackluster performance has prompted its largest holders to reduce their trading activity over the past week. On-chain data reveals that ADA whales have gradually distributed their holdings over the past seven days.
The crypto market is showing positive sentiment after a recent pullback. The prices of Dogecoin (DOGE) and Cardano (ADA) have risen on the chart. WiseCharts forecasts the value of DOGE could rise to $1.3 in the coming weeks. On the other hand, Cardano crypto bulls are fighting for a long-awaited return to $1.
The crypto market constantly searches for projects with the potential to deliver exponential returns.
The global cryptocurrency market cap is down by over $200 billion in the last seven days, while the altcoin markets have shed more than $20 billion from their total valuations within the last 24 hours.
Charles Hoskinson, the creator of Cardano, is generating significant excitement in the crypto space with cryptic hints about major developments slated for February.
Cardano's native token, ADA, has surged by an impressive 64% in just one day, marking a dramatic recovery following the recent turmoil in the crypto market. The price jump, which saw ADA rise from $0.50 to a local high of $0.82, signals a strong rebound from a market crash caused by external factors, including new tariffs introduced by former U.S. President Donald Trump.
ADA turned bearish this week as sellers took over the price action. Key Support levels: $0.73, $0.65 Key Resistance levels: $0.90 1.
The blockchain ecosystem could soon witness an unexpected collaboration between Cardano (ADA) and Ripple (XRP).
Recently, Cardano (ADA) experienced a notable sell-off by large holders, often referred to as whales, dumping 330 million ADA tokens on exchanges during a sharp market decline. Typically, such a massive sell-off could have triggered a significant decline in price.
Cardano (ADA) fell 10.07% to $0.7364 by 17:57 (22:57 GMT) on the Investing.com Index, marking its biggest one-day loss since February 2. The decline pushed Cardanos market cap down to $25.82 billion, representing 0.81% of the total cryptocurrency market.
A crypto analyst has confirmed a recent breakdown of the Cardano price from an Ascending Channel pattern. With key support and resistance levels now in focus, the analyst has outlined two scenarios for ADA, projecting where its price could move next.
ADA briefly tanked to as low as $0.60 before rising to the current $0.75.
Cardano prices soar by 64% as ADA's prices recover from the recent market crash.
The altcoin market has faced significant challenges following a steep drop in Bitcoin's price, falling below the $100,000 mark. This shift came after U.S. President Donald Trump introduced new tariffs, including a 25% tax on imports from Mexico and Canada, and a 10% tax on Chinese products.
The price of Cardano (ADA) is showing recovery in line with the general cryptocurrency market, but whale activity is signaling possible volatility in the coming days.
Charles Hoskinson, Cardano (ADA) founder, has dropped a notable hint about what the ecosystem will work on soon. All indications point to integrating artificial intelligence (AI) into the ecosystem.
Cardano's decentralized governance has achieved a significant milestone, with over six billion ADA now delegated to Delegated Representatives (dReps), according to Intersect, a member-based organization for the Cardano ecosystem. This marks a significant step toward a more decentralized and community-driven decision-making process.
During the recent sharp market decline, where whales focused on accumulating assets, Cardano (ADA) remained untouched. Today, February 4, 2024, a prominent crypto expert posted on X (formerly Twitter) that whales have not purchased ADA during the dip. Instead, they have dumped millions of ADA tokens onto exchanges.
In the last 48 hours, Cardano whales have dumped 300 million ADA on the market, causing a stir in the broader cryptocurrency space. The sell-off has caused selling pressure on the market and has impacted the overall price of the coin amid expectations that ADA bulls can help hold up the fort.
Although the crypto market is volatile, the market could see a massive uptrend in the coming months. Ali Martinez forecasts the price of Ethereum (ETH) could pump to $7k. Also, a top analyst called Lucky notes that Cardano (ADA) is among the best DeFi projects in the market.
Charles Hoskinson has intensified chatter that Cardano might add Ripple's stablecoin, RLUSD, to its platform. He mentioned that Cardano's team regularly talks with Ripple's leaders about using RLUSD.
The Cardano price currently boasts a bearish outlook following a recent development in the ADA ecosystem. Crypto analyst Ali Martinez revealed that ADA whales have offloaded a significant amount of coins amid this recent market downtrend, which could lead to massive sell pressure for the crypto.
With the crypto market facing intense bearish pressure, a short breeze of bullish recovery in Cardano hints at a rise to $1. Is the recovery run in Cardano inevitable?
Most of the coins are bouncing off after a sharp drop, according to CoinMarketCap.
Cardano's (ADA) bullish momentum is losing steam as bearish pressure mounts, forcing the price to retreat from the critical $0.8119 level. After a promising attempt to push higher, ADA bulls are now struggling to maintain control, with sellers stepping in to reclaim dominance.
Cardano (ADA) has faced a significant price drop in recent days, falling by 22% over the last four days. While this decline may seem like a setback, it could actually be a positive sign for the cryptocurrency's long-term prospects.
"We talk to David Schwartz and Brad Garlinghouse," Cardano's founder said.
XRP and ADA rebound from trade war-driven losses, forming bullish ascending triangles. XRP eyes a 33% surge to $3.43, while ADA targets a 40% breakout to $1.04.
After a market crackdown by the bears yesterday, the bulls managed to take control of the business overnight. However, top tokens such as Cardano and Ripple have continued recording mixed price action in their daily charts.
In a recent statement, he revealed that “Nintendo Emulator and games are coming to Lace” his blockchain-powered platform. This means gamers will soon have the chance to play classic Nintendo games alongside original IP (intellectual property).
In a statement, Hoskinson said, “The U.S. will be one of the largest (adopters) of crypto. He said: “Our voting, government, payments, ID, and central bank may connect to the blockchain.