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Cardano (ADA) has faced a significant price drop in recent days, falling by 22% over the last four days. While this decline may seem like a setback, it could actually be a positive sign for the cryptocurrency's long-term prospects.
"We talk to David Schwartz and Brad Garlinghouse," Cardano's founder said.
XRP and ADA rebound from trade war-driven losses, forming bullish ascending triangles. XRP eyes a 33% surge to $3.43, while ADA targets a 40% breakout to $1.04.
After a market crackdown by the bears yesterday, the bulls managed to take control of the business overnight. However, top tokens such as Cardano and Ripple have continued recording mixed price action in their daily charts.
In a recent statement, he revealed that “Nintendo Emulator and games are coming to Lace” his blockchain-powered platform. This means gamers will soon have the chance to play classic Nintendo games alongside original IP (intellectual property).
In a statement, Hoskinson said, “The U.S. will be one of the largest (adopters) of crypto. He said: “Our voting, government, payments, ID, and central bank may connect to the blockchain.
The cryptocurrency market has been hit with significant volatility in early February 2025, and Cardano (ADA) is feeling the effects. On February 3, ADA experienced a dramatic price drop of 24%, reaching $0.67.
Cardano price started a fresh decline below the $0.9250 zone. ADA is now correcting losses and struggling to clear the $0.80 resistance.
Cardano's (ADA) price has dropped 30% in a month and roughly 18% in the past two weeks. Its market cap has now fallen to $27 billion, reflecting the broader weakness in altcoins.
Cryptocurrency prices bounced back in the overnight session after Donald Trump paused the sweeping tariffs on Mexico and Canada, removing one of the biggest risks in the market. Bitcoin jumped to over $100,000, while most altcoins jumped by over 10%.
The cryptocurrency market recently faced one of its most significant downturns, and Cardano (ADA) was no exception, experiencing a sharp decline in price. However, despite the broader crypto bloodbath, ADA's transaction volume saw an unexpected and notable increase, which is a fascinating development given the circumstances.
Amid the cryptocurrency market's recovery, ADA, the native token of the Cardano blockchain, has significantly rebounded and is poised for substantial upside momentum. The potential reasoning behind this bullish outlook includes its record 58% intraday price reversal and growing interest from whales, long-term holders, and investors.
From 4 p.m. ET on Friday, Cardano (ADA 0.69%), Polkadot (DOT 0.33%), and Avalanche (AVAX 1.38%) are among the worst performing large-cap cryptocurrencies, losing 39.3%, 33.7%, and 33.1%, respectively, as of 3 p.m.
The altcoin market crashed after Bitcoin fell below $100,000. This happened when Trump introduced new tariffs, including a 25% tax on imports from Canada and Mexico and a 10% tax on Chinese products. This caused threats of retaliation from these countries and upset global markets.
Bitcoin and select altcoins bounced back sharply, indicating solid purchasing demand at lower levels.
On-chain data shows that short sellers are three times stronger than traders holding long positions.
After the massive liquidation event on the cryptocurrency market, which according to several estimates amounted to at least $8 billion, the price of popular cryptocurrency Cardano (ADA) experienced a 37% drop over the last 24 hours, hitting a low not seen since Nov. 10 at $0.506.
A fall below the support level of $0.31 could cause further dips for Cardano.
Charles Hoskinson, the founder of Cardano (ADA), recently shared details on the possibility of implementing a RLUSD and his discussions with key figures in the crypto space. Hoskinson revealed that negotiations are still ongoing and that progress could be made in March, following the completion of the NYDFS project.
Cardano price plunged on Monday in line with the performance of other cryptocurrencies and the $263 million drop of its DeFi assets. So, how low can the ADA coin go in this broad-based crypto sell-off?
The broader digital currency ecosystem recorded its worst single-day bloodbath this year, with assets like Cardano (ADA) at the forefront. At the time of writing, the ADA price changed hands for $0.7012, down by 20.53% in the past 24 hours.
The cryptocurrency market has currently drifted into the severe red zone and There's been a significant drop in altcoins, especially with Ethereum, XRP, ADA and others seeing massive liquidations in minutes. A staggering $2 billion worth of liquidations have happened within 24 hours.
Charles Hoskinson, the founder of Cardano (ADA) and CEO of Input Output Global (IOG), delivered a wide‐ranging AMA on February 2, 2025, covering potential partnerships with the Internet Computer Protocol (ICP), Cardano's stablecoin strategies, Bitcoin interoperability, and ongoing initiatives with various countries.
Cardano (ADA) fell 10.01% on Sunday, trading at $0.8312 by 11:58 (16:58 GMT) on the Investing.com Index. This marks its largest single-day drop since December 9, 2024.
