Cardano gains as whale transactions surge: A look at ADA's future
Cardano's large transactions have surged by 32% in 24 hours and 138.11% over the past week. What does this mean for the altcoin?
Keep up with what's happening in the crypto world in real-time.
Cardano's large transactions have surged by 32% in 24 hours and 138.11% over the past week. What does this mean for the altcoin?
The Cardano network has grown to a highly decentralized web3 ecosystem backed by a vibrant community of investors and DeFi developers.
While bitcoin catches its breath after its recent ascent past record highs, other digital assets are enjoying a Friday boost. Altcoins Surge Ahead as Bitcoin Takes a Breather: SOL, CRO, and Meme Coins Lead the Pack As of Nov. 8, the crypto market is coasting 2.09% higher than yesterday, totaling $2.57 trillion.
Cardano (ADA) has officially bounced back into the top 10 cryptocurrencies by market capitalization, according to CoinMarketCap data. Cardano has been a mainstay in the top 10 rankings for a while, but it slipped earlier this year, giving way to Toncoin (TON) and then TRON (TRX).
Cardano (ADA) has experienced a significant surge over the past four days, with its price increasing by an impressive 32%. In the last 24 hours alone, ADA has climbed 16%, boosting its market capitalization to $14.932 billion.
Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.
The US election result, it seems, has influenced the crypto market positively. Almost all the top cryptocurrencies have witnessed growth in the last 24 hours. Among the top ten cryptos, Cardano is the cryptocurrency that has experienced the largest growth in the said period. The ADA price has seen an enviable surge of 16.7%.
Cardano (ADA) has surged by 25% in just three days, breaking the $0.43 barrier for the first time since July.
Cardano's recent performance following the conclusion of the U.S. elections has been outstanding. ADA token has soared by more than 25% in the last three days.
These whales, or investors who hold large amounts of ADA, have started ramping up their activity, sparking excitement among other investors. With ADA's recent price boost, the token has moved back into the top 10 cryptocurrencies by market value, knocking out Toncoin (TON) from that spot.
Cardano (ADA) is on the rise, hitting its highest level in 14 weeks with a big daily jump in price.
Cardano (ADA) price has emerged as a top performer in the latest crypto market surge, recording over 17% growth within 24 hours. This significant price increase aligns with gains seen across various cryptocurrencies, reflecting renewed interest and positive momentum in the crypto space.
ADA is the best-performing top 20 cryptocurrency today (November 8).
Reclaiming the spot of 10th biggest cryptocurrency in the world, Cardano hits a market cap of $12.56 billion. The achievement comes with a 5.24% jump in the past 24 hours, as Cardano's (ADA) price currently trades at $0.3591. Despite a slowdown in the top cryptocurrencies, as Bitcoin drops 0.12% and Ethereum by 0.
The cryptocurrency market cap has declined by 0.82% over the last 24 hours, settling at $2.5 trillion. In parallel, trading volumes have also contracted sharply, down by 32.45% to $129.71 billion. The Fear & Greed Index, at 72, signals “Greed,” maintaining a bullish sentiment despite the recent market cooling.
The sleeping giant seems to have woken up! The third-generation token, Cardano, believed to be dead due to a massive drop in volatility, has begun to attract decent buying volume onto the platform. With the fundamentals strengthened, the bullish momentum is expected to rise, which may positively impact the ADA price in the long run.
Crypto prices today stirred a whirlpool of speculations among market watchers globally, showcasing mixed price actions. While Bitcoin (BTC) maintained a trading session in the green at the $75K level, altcoins mainly reflected a turbulent market sentiment.
Cardano price continued its strong surge after crossing an important resistance level, and as investors remained bullish on the coin. ADA has risen for four consecutive days and is hovering at its highest level since July. It has surged by 50% from its lowest level this year.
Cardano (ADA), a prominent cryptocurrency in the market, recently experienced a notable 10% price jump within a single day. This surge brought an additional $1 billion to Cardano's market capitalization, lifting ADA's price to around $0.362.
The US election sparked huge volatility. Aiming to make the most of the upcoming bull run post-election, top analysts recommend betting on DTX Exchange (DTX), a new altcoin at the crossroads between TradFi and DeFi.
Cardano (ADA) is currently in the limelight after reclaiming the top 10 position in overall ranking. The Cardano ecosystem has litted up with multiple metrics including price and whale activity are on the rampage at the moment.
Despite the bullish market sentiment across the cryptocurrency landscape, Cardano (ADA) has been the only major cryptocurrency that has not experienced a significant upside rally.
Cardano reclaims a top 10 spot backed by new partnerships, tech upgrades, and dollar stablecoin developments.
Cardano (ADA) price has significantly increased in the last 24 hours, following a broader market surge. The altcoin's positive trend comes amid increased investor interest as the cryptocurrency market rallies after the recent U.S. elections.