Cardano (ADA) Struggles: Can Bulls Prevent Further Losses?
Cardano price started a fresh decline from the $0.3850 resistance. ADA is consolidating above $0.3350 and might attempt a recovery wave.
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Cardano price started a fresh decline from the $0.3850 resistance. ADA is consolidating above $0.3350 and might attempt a recovery wave.
A crypto that drops like Cardano? It's not the end of the world, just 11% in 48 hours.
Cardano approaches a milestone moment, the crypto community is buzzing with anticipation over the unlocking of 18.53 million ADA tokens on October 2, 2024. This release, representing 0.5% of the total ADA supply, coincides with the network's seventh anniversary and its approach to an impressive 100 million transactions.
Bitcoin's price is currently retesting its "Bull Market Support Band" trend indicator, where prices often rebounded from pullbacks during uptrends.
Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.
Cardano (ADA) is under significant selling pressure, trading down by 6.46% at $0.3498, with investors hoping for a recovery above $0.37, bringing a large number of investors back into profitability.
Charles Hoskinson, co-founder of Ethereum and founder of Cardano, was recently awarded in the city of Zug, Switzerland, for his pioneering contribution to the creation of the Crypto Valley and for the transformative impact he has had on the city and the global economy.
The short-term market sentiment was bearish, but there is a chance for recovery.
Cardano (ADA) completed its first green September in six years as the coin enjoyed a price gain of almost 8%. This is significant as the crypto could enjoy an extended rally in October, leading to more price gains for Cardano.
Input Output, a blockchain research and development company, announced that co-founder and CEO Charles Hoskinson received an award at the ETH10X event in Zug, Switzerland.
Cardano founder and Input Output CEO, Charles Hoskinson, received an award in Switzerland for his role in Ethereum Foundation's creation of Crypto Valley.
Cardano's (ADA) price recently experienced a significant drop, failing for the second time in a month to close above the $0.40 level. The altcoin's price fell by 11% within 48 hours, bringing it down to around $0.35.
Santiment's on-chain data reveals that Cardano's $ADA could potentially drop 30%. According to data retrieved from the market intelligence platform, $ADA's poor performances in DDA divergence (-43.3%), network activity, and buying pressure indicated declining demand, thus an imminent sharp price drop.
Cardano is preparing to release 18.53 million ADA tokens in early October, marking 0.5% of its total supply.
Cardano has seen a strong 26% surge following the Federal Reserve's interest rate cuts announcement two weeks ago, boosting optimism across the crypto market. Analysts and investors are questioning the sustainability of the recent surge.
Analysts are constantly being divided on Cardano outlook, with some adopting a bearish stance while others remain optimistic about its potential for growth The developers have recently implemented an important milestone towards the realization of full decentralization and community-driven governance in the Voltaire Chang hard fork. In this regard, ADA holders are now able to
Cardano has entered the spotlight again with the Midnight Protocol testnet, a trend that may bode well for ADA price. Per the latest update, the Midnight protocol announced that its long-awaited testnet is now live for developers.
Despite enjoying a significant rally between September 15 and 27 that brought Cardano (ADA) up to $0.41, the crypto asset encountered a sharp recoil, extending losses into the new month.
Vitalik Buterin, the co-founder of Ethereum, has unveiled a comprehensive proposal to foster a more decentralized and cooperative network.
Cardano's Midnight project introduces the Glacier drop, an unprecedented token distribution model that sets a fairer standard.
BitGo, a leading digital asset custodian, will offer custodial services for USDA, a Cardano-based stablecoin, according to an Oct. 1 press release. The collaboration involves BitGo Trust, USDA's issuer Anzens, and EMURGO, the tech provider behind the Anzens platform.
Just last week, Cardano's (ADA) price was $0.42, as speculation spread that the token could rally toward $0.50. But today, this is no longer the case, as ADA's price is $0.38.
Is Binance finally set to embrace Cardano native tokens? Recent developments have sparked rumors of upcoming listings.
Cardano (ADA) could be heading for a major price drop as market indicators show strong bearish signals. With the broader crypto currency market in a state of correction, ADA appears to be on the verge of a 20% decline, which could see its value fall to $0.31.