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.
Dogecoin is consolidating losses above the $0.3650 support against the US Dollar. DOGE could restart increase if it clears the $0.400 resistance.
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.
The cryptocurrency market has experienced a significant downturn, with major digital assets posting notable losses.
The Dogecoin price is up almost 150% since the start of this month, as the foremost meme coin continues to enjoy a massive bull run. Crypto analyst Alan Santana has provided insights into what is driving this rally and whether it is sustainable.
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 In the past two days, Cardano investors have withdrawn a staggering $100 million from exchanges, an indicator that often points to reduced selling pressure and an upcoming upward price movement.
Crypto markets are entering the week like a ticking bomb, primed by global macro pressures and critical technical levels.
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.
The Dogecoin price is outperforming Bitcoin. Surprising right?
Elon Musk's net worth recently surpassed $334 billion, thanks to the US Elections, a surge in Tesla's valuation, and high-risk innovative AI investments. 2024 is working well for Musk as his wealth has climbed by more than $70 billion since 2023.
Based on data as of Nov. 26, the Altcoin Season Index (ASI) hosted on blockchaincenter.net is picking up steam, with standout performances from stellar (XLM), sui token (SUI), and mantra (OM), all posting impressive triple-digit increases.
Valour said its product launched on Sweden's Spotlight Stock Market represents a first-of-its-kind for the region.
The Dogecoin price has been gearing up for a major bull rally since it rose to the $0.4 threshold and began testing this resistance. Shedding light on Dogecoin's future bullish trajectory, a crypto analyst has discussed the importance of the $0.22 50-day Moving Average (MA) in determining the Dogecoin price movements in this bull cycle.
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.
Dogecoin whales have resumed buying, fueling bullish momentum as DOGE eyes a potential breakout.
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.
Cryptocurrency markets are trading lower on Tuesday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $91,912.69 -2.9% Ethereum (CRYPTO: ETH) $3,277.87 -4.8% Solana (CRYPTO: SOL) $226.08 -5.1% Dogecoin (CRYPTO: DOGE) $0.3746 -6.8% Shiba Inu (CRYPTO: SHIB) $0.00002385 -6.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 77.4% and daily active addresses up by 16.4%.
The ETP will trade on Sweden's Spotlight Stock Market, offering investors' access to the world's largest memecoin.
Cardano's network activity surges to 2023 level, but will it help ADA?
Dogecoin (CRYPTO: DOGE) is now in the spotlight as its ever exchange-traded product (ETP) is listed on Sweden's Spotlight Stock Market. What Happened: DeFi Technologies Inc., through its subsidiary Valour Inc., has introduced the first-ever Dogecoin ETP in the Nordics.
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.
The launch of the Dogecoin ETP in the Nordics signifies growing mainstream acceptance and investment diversification in digital assets. The post First-ever Dogecoin ETP debuts in Nordics as Elon Musk boosts interest in the crypto asset appeared first on Crypto Briefing.
TL;DR DeFi Technologies launches the first Dogecoin ETP in the Nordic countries, offering investors an easier way to access the asset. The Valour Dogecoin (DOGE) SEK ETP is available on Sweden's Spotlight Stock Market and carries a 1.9% management fee.
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.
Dogecoin (DOGE) price hit its highest level since 2021 on November 23 but has since entered a correction, dropping 12% in the last 24 hours. The Ichimoku Cloud, DMI, and EMA indicators all point to growing bearish momentum, with DOGE trading below critical levels and showing signs of weakening upward pressure.
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.
DeFi Technologies, a publicly traded Canadian firm, has announced the launch of its subsidiary Valour Inc.'s new product—the Valour Dogecoin (DOGE) ETP—on the Sweden-based Spotlight Stock Market, according to a Nov. 26 statement.
Dogecoin (DOGE), the largest meme coin, has set a record for network activity, with 60.9 billion tokens shifted by large investors in 24 hours. Such intense movement usually indicates increased interest from large investors, often called whales, in anticipation of bullish momentum.
Technical signals indicate further increases while analysts predict new highs.
Binance founder and former CEO Changpeng Zhao on Tuesday voiced concerns about the current state of meme coins, calling their proliferation “a little weird.” What Happened: In a tweet, Zhao clarified he isn't against memes but urged the crypto community to focus on building meaningful blockchain applications.
Dogecoin Soars on Trump's Presidency Win. Here's Why That's Not Just a Fad.
The crypto market has entered a correction phase, according to CoinMarketCap.
Dogecoin futures hit an all-time high in open interest at $4 billion, highlighting a surge in speculative activity.
Bitcoin's recent sell-off has affect, Dogecoin leading to a 21% crash. Regardless, the long-term outlook remains bullish, which leads many to believe that the Dogecoin price could be on a path to retest $1 this year.
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.
Dogecoin (CRYPTO: DOGE) is down 11.5% over the past 24 hours, yet traders remain optimistic about its long-term prospects. What Happened: Despite ‘Dogecoin superfan' Elon Musk on Monday humorously tweeting that "DOGE is inevitable," the apex meme coin has found itself at the receiving end of a market correction.
Here are ADA's next potential targets (according to some popular industry participants).
Too much leverage has led to an inevitable pause in the crypto market, but this is largely seen as a healthy correction, analysts argued.
Dogecoin (DOGE) has made significant progress, breaking through the $0.18 and $0.20 resistance levels twice. The cryptocurrency rose to a high of $0.478 before falling back.
The price of Dogecoin has plunged by 12% today, yet analysts are predicting that it will soon break out towards $0.82. The post Analyst Predicts Dogecoin ‘Cup And Handle' Formation Could Propel it to $0.82 In December, Support Remains At $0.37 appeared first on Cryptonews.