Cardano's ADA Eyes 20% Rally Amid Rising Network Activity
On-chain data shows that Cardano has experienced a significant spike in daily active addresses, marking the highest level of activity since March 2024.
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On-chain data shows that Cardano has experienced a significant spike in daily active addresses, marking the highest level of activity since March 2024.
The price of Cardano (ADA) has been in a sideways trend since the end of the downtrend on August 5. The price indication has already shown a reversal of the downtrend above the $0.30 support.
In this article, we analyze the graphical situation of the altcoins Sui and Cardano, with the two cryptos ready to mark an important movement.
Charles Hoskinson, the founder of Cardano, has provided key insights into the next developmental and governance phases of Cardano and its Chang hard fork.
Cardano's recent network upgrade, there has been a notable rise in daily active addresses. Data from Santiment reveals that on September 5th, the number of daily active addresses reached over 52,000—a level not seen in more than five months.
These three cryptocurrencies are looking poised for some additional gains. Here are some technical insights.
According to data tracked by cryptocurrency analytics firm Santiment, the volume of profitable Cardano transactions outweighs that of losses.
According to data provided by cryptocurrency analytics platform Artemis, Solana is absolutely crushing Cardano in terms of user adoption.
Cardano's active addresses hit a five-month high, signaling renewed interest after its latest network upgrade.
Charles Hoskinson has outlined the next steps for Cardano (ADA) following the successful implementation of the Chang hard fork last weekend.
Quant (QNT) token rose for the second consecutive day, reaching a high of $70, its highest swing since Aug. 26. It rose by over 23% from its lowest point last week but remains 54% below its highest point this year.
Cardano founder Charles Hoskinson has recently unveiled a blueprint to significantly enhance the scalability of the Cardano blockchain.
Cardano price is up 3.5% during the Sunday market uptick to trade at $0.336 while boosting a market cap of $12.7 Billion. A tall green candle reflects renewed buying pressure for ADA holders, but the sustainability of Bitcoin's price below $55000 could prolong the correction for the altcoin market.
Cardano (ADA) has been catching the attention of the crypto community lately, but not just for its recent price uptick. A bold prediction from well-known crypto analyst Dan Gambardello has raised eyebrows, suggesting that Cardano could skyrocket by a jaw-dropping 1,000% against Bitcoin.
According to data provided by cryptocurrency analytics platform Santiment, Cardano is currently experiencing “historically high” address activity spikes.
Cardano achieved its highest daily trading volume ever, exceeding 36,000 ADA, following the launch of Snek Fun on September 5.
Cardano's (ADA) ambitious quest to reach the $1 mark seems increasingly uncertain as the cryptocurrency experiences a significant downturn. With the ADA coin price falling by over 60% from its yearly high, the anticipation surrounding the upcoming Chang Hard Fork update has yet to boost the token's value.
Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a week of intense fear and uncertainty in the market. However, on-chain data from IntoTheBlock suggests that some investors see this as a potential buying opportunity, anticipating a market recovery in the near future.
Cardano (ADA) continues to generate attention within the cryptocurrency community, especially after a recent chart comparing its performance against 18 of the top crypto assets was shared by Cardano Whale, a prominent figure in the Cardano ecosystem. The data, covering September 2023 to September 2024, highlights Cardano's ability to outperform many of its peers during bullish phases, despite the coin's current underperformance.
Whales holdings could dictate where ADA's price moves next on the charts.
Cardano founder Charles Hoskinson has lauded Snek.Fun, a meme coin launchpad, for increasing the network's activity.
Cardano (ADA) continues to hover around the $0.30 and $0.35 mark as the token struggled to breach crucial resistance levels for the last few days. This decline could be attributed to the selling pressure the cryptocurrency experienced lately.
The correction continues on the cryptocurrency market on the weekend, according to CoinMarketCap.
In the volatile world of cryptocurrency, where relevance anchors on performance, there has been a notable shift across the board within the last 24 hours. Cardano (ADA), the open-source and decentralized blockchain platform, has been pushed out of the elite top 10-ranked cryptocurrencies.