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Cardano (ADA) has long been hailed as a groundbreaking project in the blockchain industry, known for its focus on academic rigor and decentralized governance. Yet, the native token, ADA, has struggled to reflect this ambition in the market, with its price stuck in a bearish trend.
The price of Cardano (ADA) has continued to move sideways, trying to break above the moving average lines.
Most of the coins keep trading in the green zone, according to CoinStats.
Cardano's (ADA) price has increased by a modest 3.85% in the last 24 hours. This hike has brought back hopes that the altcoin could produce gains for investors who purchased the token at a higher value than its current price.
A new weekly report has come out from CoinShares on the movement of funds in the crypto-focused exchange traded products (ETPs) market. One of the main highlights of the latest research was the performance of Cardano ETPs, as investors using these financial vehicles for crypto investments poured 300% more money into them over the past seven days than the week before.
Cardano (ADA) co-creator Charles Hoskinson is giving a shoutout to one of Solana's (SOL) biggest competitors. Posting to his 979,000 followers on the social media platform X, Hoskinson says that layer-1 platform Sui (SUI) is earning its spot in the crypto ecosystem. “Reading about Sui. It's good to see George's work come to life.
The Cardano price bounced 4% in the last 24 hours, igniting hope among investors. However, an avid critic of ADA, Max Keiser, suggested that a 90% crash is likely for Cardano price.
Cardano (ADA) is not only famous for its cutting-edge technology but also possesses a devoted fan base made up of investors and developers. Nevertheless, even after a recent network upgrade, the ADA price has failed to catch on. As of this writing, prices for ADA are around $0.
Altcoins consolidate ahead of key U.S. economic data, with BNB eyeing $600, Cardano facing bearish risks, and XRP targeting a 20% rally amidst rate-cut anticipation.
Cardano (ADA) has emerged as a point of interest for traders and investors. Recently, crypto analyst Trend Rider presented two potential scenarios that could dictate Cardano's price movements in the near future.
Cardano (ADA), one of the most popular altcoins in the crypto space, is facing a critical moment. The cryptocurrency's price has been holding precariously at the $0.35 support level, with technical indicators suggesting weakness and a potential further decline.
Cardano (ADA) has recently captured the attention of investors and analysts alike, primarily due to its significant price correction amid a wider market downturn. Market commentator Alan Santana has asserted that the correction for Cardano may not be finished, indicating that further declines could be on the horizon.
Well-known supporter of Bitcoin Max Kaiser recently forecast that over the course of the next six months Cardano could lose an additional 90% percent of its value relative to Bitcoin. Some ADA supporters like Cardano Whale have responded humorously speculating that this could result in lucrative purchasing opportunities for ADA.
Cardano (ADA) price is steadfastly clinging to the $0.35 support mark, despite pressures that could drive it lower. ADA finds it difficult to muster the necessary momentum to break its current downward trajectory.
Cardano (ADA) might be eyeing a bullish breakout, which will signal a potential uptrend with a psychological price of $0.6 in the offing.
Charles Hoskinson asserts Cardano's dominance and innovative roadmap. ADA shows bullish reversal potential after breaking out of falling wedge pattern.
The recent Chang hard fork upgrade in September has positioned the Cardano (ADA) blockchain as the top player in the crypto ecosystem, according to its founder, Charles Hoskinson. Hoskinson, who is also known for his role in co-founding Ethereum (ETH), has consistently praised Cardano's progress over the past month following the recent upgrade, asserting its superiority over the largest cryptocurrencies on the market such as Bitcoin (BTC) in terms of decentralization.
Cardano's (ADA) price is desperately holding onto the $0.35 support level amid attempts to send the altcoin further down the charts. Despite this, ADA is struggling to generate the momentum needed to reverse its downtrend.
Crypto analyst Trend Rider has revealed the two paths that the Cardano price can follow to reach new highs. This comes amid ADA's underperformance, with the crypto token currently one of the worst-performing crypto assets since the start of the year.
Cardano founder Charles Hoskinson recently took to the X social media network to confidently declare that the popular proof-of-stake blockchain is still "number 1."
What are the main reasons why the Cardano price could reach its all-time high again in the coming months?
If Bitcoin sustains its rebound above $60,000, investor sentiment is likely to improve and attract buyers to altcoins.
Cardano (ADA) breaks out of a falling wedge, targeting $0.380 as indicators flash bullish signals.
This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum had a difficult week and closed with a 10% loss.
