Cardano falls below $0.7: Analyzing if THIS zone can stop ADA's fall
Despite the bearishness across the market, the risk-to-reward of buying Cardano around $0.68 made buying a feasible idea.
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Despite the bearishness across the market, the risk-to-reward of buying Cardano around $0.68 made buying a feasible idea.
ADA is struggling with stagnant user engagement, a cooling derivatives market, and declining relevance in the evolving Layer 1 space.
Cardano (ADA) is showing signs of a potential breakout as bulls aim for the $1 mark.
There's a risk of making a serious mistake with Cardano (ADA -1.76%) right now, and by the looks of it, many investors have already fallen victim. The risk won't resolve itself for at least a little while, though establishing an exact timeline isn't possible at the moment.
Altcoins and Cardano have been caught in extreme market swings, with high volatility and panic-driven sell-offs dominating price action. Since the start of March, ADA has lost over 44% of its value, reflecting the broader negative sentiment surrounding altcoins as investors remain uncertain about the market's next move.
Cardanos ADA token has seen a massive surge in trading volume, averaging $1.4 billion daily in Marchnearly doubling Februarys $720 million. This spike followed a viral social media post by U.S. President Donald Trump, mentioning ADA as part of a strategic crypto reserve.
As the weekend approaches, the overall cryptocurrency market has begun to recover, showing signs of an upward rally. Amid this recovery, ADA, the native token of the Cardano blockchain, appears bullish and is poised for a significant rally in the coming days.
Coinbase's latest move to introduce ADA Futures marks a significant development for its derivatives market.
In a significant development for the Cardano community, Coinbase has announced the introduction of Cardano (ADA) futures, opening new doors for institutional investors seeking exposure to the crypto asset.
John Deaton confirmed the SEC did not assign roles to XRP, ADA, and SOL. Prices of XRP, ADA, and SOL surged briefly due to the false report.
Cardano price has taken a hit in recent days but analysts are confident of a fresh rally for the asset. A massive whale accumulation by Cardano (ADA) whales is fuelling speculation for a price spike amid rising network activity.
Coinbase is moving to expand its derivatives offerings, seeking regulatory approval to introduce Cardano (ADA) and Natural Gas (NGS) futures contracts. The post Coinbase Seeks Approval to Launch Cardano and Natural Gas Futures Contracts appeared first on Cryptonews.
Traders massively withdrew Cardano from exchanges, suggesting a potential upward move could be in the offing.
John Deaton, a well-known lawyer for XRP holders, has flagged a claim circulating in the cryptocurrency space as false. Notably, the claim concerns the roles of different crypto assets within the U.S. government and specifically mentions XRP, Cardano (ADA) and Solana (SOL).
As the Cardano (ADA) price continues to consolidate near a crucial support level of $0.65, whales and investors appear to be capitalizing on this opportunity. Recently, a prominent crypto expert posted on X (formerly Twitter) that whales have purchased millions of dollars worth of ADA tokens in the past three days.
Cardano price has been in a stiff range in the last five days, between $0.735 and $0.748. What will it take to break out decisively?
The altcoin industry, led by XRP and Cardano (ADA), followed the Bitcoin (BTC) price with a mild recovery in the past 24 hours. The initial crypto FUD in the past few weeks was largely overshadowed by positive sentiment from the United States in the last two days.
Bitcoin (BTC) and other major cryptocurrencies maintained strong gains on Monday after a sharp weekend surge, fueled by former U.S. President Donald Trump's announcement of a proposed U.S. Crypto Reserve. The initiative, unveiled on Sunday, included XRP, SOL, and ADA before BTC and ETH were added.
Amid speculation about the future of XRP, SOL, and ADA in the US, reports suggest that the US SEC has released details about their potential roles under President Donald Trump. However, XRP lawyer John Deaton set the record straight, stating that the regulator hasn't shared any such information.
Cardano price is eyeing massive gains after Coinbase Derivatives announced it will launch ADA futures on March 31, boosting institutional interest and market liquidity. ADA price could now be on the verge of a massive upswing, with analysts predicting a 15% rally.
Coinbase's expansion into futures contracts could enhance market stability and potentially influence regulatory perspectives on crypto ETFs. The post Coinbase files to launch Cardano, Natural Gas futures contracts appeared first on Crypto Briefing.
Cryptocurrencies have had an incredible run since the U.S. election in November, but that's come crashing to a halt in just the last few weeks. Economic uncertainty and a disappointing crypto strategic reserve announcement has led investors to "sell the news" in crypto, and that sell-off continued this week.
The Cardano Foundation measures growth in real-world use cases and not TVL.
Bitcoin (BTC) has risen back above the 200-day simple moving average ($83,754), indicating that the bulls are attempting a comeback. The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels.However, Bitcoin may not be out of the woods yet.