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Cardano's native cryptocurrency, ADA, is attracting interest on the crypto market, with a 70% increase in trading volume over the last 24 hours, accompanied by a significant price rebound. According to CoinMarketCap data, Cardano's trading volume stands at $762.92 million, a 70% increase in the last 24 hours.
The crypto market continues to break one bottom after another. Scam token launches from presidents, the failure of Bitcoin (BTC) as an asset with a six-digit price figure and now the first major outflows from cryptocurrency-oriented investment products.
The ADA price has risen by 2.5% in the past 24 hours, with optimism surrounding a Cardano ETF helping to keep the coin's momentum strong. The post ADA Price Stagnates as ETF Speculation Grows – Is This the Calm Before the Storm? appeared first on Cryptonews.
Cardano is showing signs of a potential rebound, with key technical indicators suggesting an imminent breakout.
As the SEC's decision on the ADA ETF nears, Cardano is witnessing increased on-chain activity. But is this enough to drive a price breakout?
Charles Hoskinson, the founder of Cardano and IOG, has suggested using Cardano as an audit layer for the U.S. Treasury's $7 trillion budget.
The crypto market is often driven by spectacular announcements and hopes of institutional adoption. Indeed, one of the latest events, the filing of a Cardano ETF (GADA) by Grayscale, triggered a wave of optimism around the ADA token.
Cardano (ADA) has broken above multiple resistance levels to reach $0.8286, maintaining bullish momentum above $0.780 with technical indicators supporting continued upward movement while establishing new support zones.
ADA has been the best-performing top 20 cryptocurrency in the past week.
Cardano trades at $0.7915, testing support at $0.7656. Can bulls reclaim $0.85, or will Bitcoin's momentum dictate the next move?
The founder of Cardano (ADA), Charles Hoskinson, recently expressed his concerns about the future of Layer-1 networks in light of the emergence of the GAFAM in the blockchain universe. According to him, companies like Meta, Google, Apple, Microsoft, and Amazon could soon dominate the crypto space, relegating the current blockchains to the background.
Cardano price started a fresh rally above the $0.750 zone. ADA is now consolidating gains and might aim for a fresh move above the $0.80 level.
The cryptocurrency market witnessed an interesting development as several major companies filed for cryptocurrency exchange-traded funds (ETFs), including Grayscale, 21Shares, and Canary. Among these filings, one of the most notable was Grayscale's application for a Cardano ETF, known as GADA.
The recent price drop across the cryptocurrency landscape seems to be attracting investors and traders, who view it as an ideal buying opportunity. Amidst this price and market uncertainty, whales appear to be betting on ADA, the native token of the Cardano blockchain, as reported by the on-chain analytics firm Coinglass.
Cardano founder Charles Hoskinson has set an ambitious minimum price target of $250,000 for Bitcoin in the current market cycle, citing a massive influx of institutional capital.
Last week went through under the flag of filings for multiple exchange traded-funds on cryptocurrencies from the likes of Grayscale, 21Shares, Canary and others. Among the most notable advancements in the crypto investments field was the filing for GADA — a Cardano ETF from Grayscale, one of the biggest players in this segment of the crypto market.
Cardano (ADA) is up 11% this week, fueling breakout speculation as it nears key resistance at $0.8282. A new partnership with Globant and an upcoming VIP meeting with Charles Hoskinson add to the excitement. Will ADA break out or face rejection? The post Up 11% This Week: Cardano Breakout on the Horizon? appeared first on Cryptonews.
The cryptocurrency landscape is buzzing with anticipation as Cardano (ADA) edges closer to a potential breakout. The latest news on the approval odds for a Cardano Spot ETF has raised renewed interest among investors.
Large-scale investors have been accumulating ADA with an eye on the anticipated Cardano Spot ETFs.
Following a severe market crash, the crypto space is now ascending to new heights, reaching $3.25 trillion, up 0.89%. Despite a marginal daily decline, the Cardano price is reclaiming lost ground amid expectations of ADA ETF approval and Microsoft partnership.
Cardano price rose to a ten-day high as most altcoins rebounded, and after Charles Hoskinson unveiled a partnership with Globant. Cardano (ADA) rose to $0.80 on Saturday, up by about 55% from its lowest level this month.
A new project with strong fundamentals has emerged in the crypto arena, looking to rival renowned players like Cardano (ADA) and Ripple (XRP). While the XRP price is facing resistance at key levels and ADA is consolidating after the recent runup, DTX Exchange (DTX) has outpaced peers with 650% gains in the last two months.
Over 70 million Cardano (ADA) tokens have changed hands among whales, raising speculation about the future direction of the cryptocurrency. This surge in whale activity follows Grayscale's recent application for the first-ever Cardano Spot ETF, a move that has drawn attention from both retail and institutional investors alike.
Cardano (ADA) has faced significant losses in recent weeks due to a sharp drawdown in the market. Despite these losses, a particular cohort of ADA holders has found an opportunity to accumulate at lower prices.
