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The crypto market has been grappling with a sluggish trend over the past few weeks. The community has not witnessed major movements from the most prominent coins.

As of August 16, 2024, Cardano's price stands at approximately $0.3348, reflecting a 1.8% decline over the past 24 hours. This downturn is part of a broader trend affecting the cryptocurrency market, driven by recent declines and shifting investor sentiment.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum continues to struggle above the key support at $2,400 and fell by 2.3% this week.

Cardano price broke below a crucial support level on August 15, confirming a bearish bias. Three support levels were in place to cushion the price of ADA from a steep fall, with bears already conquering one of them.

Over the past 24 hours, the Cardano price has mounted a recovery, now down just 0.06% after a significant decline.

Mixed signals on Cardano's charts, but the market trend remains somewhat clear.

Cryptocurrencies have diverged from American stocks, leading to substantial losses to Bitcoin and altcoin holders. Bitcoin has continued consolidating below $60,000 while the total market valuation of all coins has dropped to $2 trillion. This price action has led to worse performance of most altcoins.

Cardano's blockchain is undergoing a critical transformation with the introduction of the Chang hard fork. This upgrade is designed to enhance the platform's decentralized governance features, which are central to Cardano's long-term vision.

An important on-chain metric for Cardano (ADA) recently hit an all-time high (ATH), highlighting the confidence in the crypto token despite its underperformance. This and several other bullish metrics suggest that a significant rally may be on the horizon for Cardano.

Cardano (ADA) has been experiencing a rough patch lately, but some experts believe it could soon make a dramatic comeback. Nick Valdez, a well-known analyst from the Discover Crypto channel, has put forward an intriguing prediction: ADA might surge as high as $5.

Cardano (ADA) was among the standout performers in the 2021 bull market, but it has struggled to achieve significant price gains in the current cycle.

Cardano, the prominent blockchain platform known for its scientific approach and strong community, is facing significant challenges as it grapples with stagnant user growth and a sharp decline in development activity. According to recent data, the network is experiencing a slowdown in its current cycle, struggling to attract new users while competitors like Solana and Ethereum make notable strides.

Cardano founder has weighed in on the use cases of AI and the accompanying challenges and how blockchain may help in solving it.

Charles Hoskinson addresses some of the challenges and potential intersections between AI and blockchain.

Cardano has not been immune to the volatility plaguing the cryptocurrency market. In the past two weeks, ADA has experienced a substantial decline of 14.6%.

During a recent keynote speech, Cardano founder Charles Hoskinson spoke about the main blockchain use cases for artificial intelligence that include vehicle identity and royalty management.

Cardano price struggles to break above key moving averages currently acting as resistance points. The hype around the Chang hard fork upgrade may have failed to elicit the anticipated volatility in price.

Cardano price struggles to break above key moving averages currently acting as resistance points. The hype around the Chang hard fork upgrade may have failed to elicit the anticipated volatility in price.

Bitcoin is finding it difficult to rise above the overhead moving averages, indicating that the bears are trying to flip the level into resistance.

Cardano's price may soon have an interesting few days in the short-term.

Cardano (ADA) is demonstrating a robust signal of holder confidence despite its price remaining subdued.

Cardano (ADA) is facing a lot of skepticism in the cryptocurrency world, but some experts believe this could soon change. According to analysts from the popular YouTube channel Discover Crypto, which boasts 1.4 million subscribers, Cardano might experience a significant price increase, potentially reaching $5.

Cardano, the 10th largest cryptocurrency by market capitalization, has achieved a major milestone, but it is unrelated to ADA's price. The percentage of ADA held by long-term holders has reached an all-time high, accounting for nearly 40% of the total supply.

Cardano price increased over the past day as the upgrade nears completion. Speculation abounded in the crypto space after rumors of a potential meeting between Elon Musk and the Cardano founder went viral.