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Cardano (ADA) is experiencing a notable downturn, with its price recently dropping 5% to trade around $0.396. Despite this decline and significant outflows among ADA holders, the cryptocurrency shows promising signs of a rebound.
The prices of most coins are rising at the beginning of the weekend, according to CoinMarketCap.
The Cardano network has inched closer to the final phase of a multiyear program to become a fully decentralized blockchain ecosystem. This milestone comes after the latest release of a major node validator software, which is the final development step needed to trigger the highly-awaited Chang hard fork.
Cardano's charts saw a shift in momentum. Can it sustain itself?
Bitcoin has clawed back most of its losses from the week, with traders eagerly awaiting former U.S. President Donald Trump's appearance at the Bitcoin 2024 conference in Nashville, Tennessee. Interestingly, Bitcoin gained more than 1% today as Trump seems to have shifted his stance on digital currencies this election cycle.
The Cardano network is on the brink of the Chang hard fork which will usher in the Voltaire era. The transition is enabled by the latest release of node validator software, version 9.1.0, which incorporates crucial updates essential for the hard fork.
Bitcoin's recovery from the $63,500 level is encouraging, but higher levels may face solid resistance from the bears.
In a recent interaction on X, Cardano founder Charles Hoskinson put an end to speculation as regards interoperability in Cardano's original roadmap.
The Cardano (ADA) blockchain has witnessed an outstanding surge in the number of large transactions conducted on the platform. Specifically, in just 24 hours, volume from large ADA holders rose to more than 17 billion units, the largest recorded volume in a single day this week.
The price of Cardano (ADA) fell below the moving average lines on July 25. After a rejection at the $0.46 resistance zone, the cryptocurrency fell to a low of $0.382.
Cardano (ADA) has recently shown signs of a short-term downtrend, reacting off the daily pullback resistance at $0.455. For investors watching from the sidelines, this could present a prime opportunity to accumulate ADA tokens, with potential for a significant rally in the near future.
The Chang Hard Fork upgrade is a major milestone for the Cardano ecosystem.
Ethereum (ETH) is down by 8% on the daily and weekly charts, after the Ethereum Spot ETF failed to push up the price, though this is likely to change shortly.
Cardano's ADA sees a price rally as the Chang hardfork approaches, alongside a major update and whale activity.
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Shiba Inu. Ethereum (ETH) Despite the fact that several Ethereum ETFs went live this week, the price had a different take on this historic event.
The uncertainty over the crypto markets has been swelling as the prices of the top tokens have come within a menace range. Bitcoin and Ethereum, which were among the safest tokens to invest in, have now come under the radar as traders' interest in the tokens has risen magnificently.
Cardano is about to take a big step with the Chang hard fork, moving towards a new era of decentralized governance called Voltaire. This hard fork is named after Phil Chang, a Cardano supporter who passed away in 2022.
On-chain analytics firm Santiment has revealed Cardano (ADA) is one of the altcoins that could likely see price jumps shortly. Cardano Among Altcoins That Are Being Heavily Shorted Right Now In a new post on X, Santiment has talked about the altcoins being shorted against on the derivatives market.
Cardano (ADA) is currently in a pronounced seven-day decline, which was exacerbated by a fresh descent below the $0.41 mark. This decline is part of a broader trend observed across many altcoins, which have reacted negatively to Ethereum's significant drop in the last 24 hours.
Since the $0.39-$0.4 liquidity cluster has been swept, and liquidity attracts prices, a bullish move from here on was possible.
Cardano has finally inched closer to the Chang Hard Fork upgrade era with the introduction of Node 9.1.0. The Cardano Chang Hard Fork On X, Intersect, a member-based organization for the Cardano ecosystem, announced tge launch of Node 9.1.0.
Discover the top 5 cryptocurrencies set to surge in value after the recent market downturn. Learn about Toncoin, Kaspa, Cardano, Notcoin, and Avalanche, and don't miss your chance to profit from the next market upswing
Cardano has been under pressure and selling off in the past four months. From the ADAUSDT daily chart, it is evident that bears have been in control.
After the launch of Ethereum ETFs, Cardano founder teases the prospects of an ADA ETF.
