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The crypto coins market is poised for a significant rebound, with several coins predicted to triple in value. This comes ahead of the US Federal Reserve's rate decision in September.
Cardano (ADA) dropped to $0.27 on August 5 during a broader market sell-off that triggered over $1 billion in liquidations. As the market stabilized, ADA rebounded by 19%, bringing its price back to $0.37.
Crypto analyst @XForceGlobal shared a new video chart analysis focused on Cardano (ADA), a cryptocurrency that many are dismissing as a “dinosaur coin” at the moment. In the analysis, XForceGlobal (@XForceGlobal) provided an in-depth look at Cardano's current position within the Elliott Wave cycle, suggesting that ADA is on the of entering a strong upward phase, commonly referred to as “Wave 3.
Bitcoin (BTC) has held firm above $60,000, although its price has not seen much movement. The asset is trading around the $60,700 price level.
The powerplay between Cardano and Tron has taken a new twist, with the former overtaking the latter in the rankings. The past few weeks saw both cryptocurrencies topple each other as the 10th largest digital currency.
Crypto industry leaders demand clear policy commitments from VP Kamala Harris amid skepticism over her pro-crypto claims
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) There is a lot of hope that Ethereum will recover and enter a rally again, but so far, the price action does not give a clear picture of whether this can happen anytime soon.
ADA has surged by more than 4%, leading many to speculate about a potential major rally. Investors and analysts are closely watching Cardano's progress, as a specific chart pattern suggests that the cryptocurrency could experience a substantial price increase.
The altcoin industry has consolidated in a bearish outlook for the past five months despite the notable rise in demand from institutional investors. The increased crypto regulatory clarity in the United States has created an enabling environment for further altcoin growth.
In a series of scathing social media posts, Charles Hoskinson, the founder of the Cardano (ADA) blockchain, has sharply criticized the Democratic Party's stance on the crypto industry, particularly the actions and perceived intentions of Vice President Kamala Harris.
Cardano price surged on Aug. 21 before encountering a resistance of around $0.37. The asset has mostly stagnated around this price as bulls got rejected.
ADA surges 6.31% in 24 hours after the Chang hard fork fuels bullish momentum.
Cardano (ADA) is currently experiencing an unprecedented surge in positive sentiment, surpassing even major players like Bitcoin (BTC) and XRP (XRP). This development signals a significant moment for Cardano and underscores the shifting dynamics within the cryptocurrency market.
The excitement continues to build within the Cardano (ADA) community as the highly anticipated Chang hard fork gets ready to launch. Ahead of the upcoming upgrade, ADA, the native token of the Cardano ecosystem, has exploded by over 52% in this key metric.
Ripple's groundbreaking win against the Securities and Exchange Commission (SEC) after a lengthy court battle was a game changer for the crypto industry and, most importantly, for 3 XRP rivals likely to compete for spot ETF approval in the United States. 3 XRP Rivals to Buy in August for 100x Returns As the tide turns, Bitcoin
Cardano (ADA) has recently gained attention with an impressive 8.38% price increase over the past three days. This surge has occurred amidst Bitcoin's fluctuations between $58,000 and $61,000, indicating that recent developments within the Cardano network are significantly impacting its value.
"It's possible for ADA to reach $0.50 by the end of August, but it would require strong positive catalysts and favorable market conditions," ChatGPT stated.
The Cardano network is set to undergo yet another major upgrade. Intersect, a key member-based organization dedicated to the Cardano ecosystem, has revealed an official timeline for the highly-anticipated Chang hard fork.
In the current market setup, ADA is approaching crucial technical levels that could determine its next move. The key support level is firmly established at $0.31, a zone that has provided a reliable base for the cryptocurrency during recent fluctuations.
The liquidation levels data showed that a move beyond $0.38 might be unlikely over the next 24-48 hours.
The native token of the Cardano blockchain, ADA, saw an increase in trading activity today, according to CoinGlass data, as the volume of perpetual futures for ADA spiked today, at one point by 33%. After the spike, turnover for the Cardano token in this particular market peaked at over $450 million.
Buyers have energy for an ongoing rise, according to CoinMarketCap.
Cardano's (ADA) price recovery has been strong, but it might stop before it reaches $0.38.
Cardano bulls are preparing for strong upward movement amid a number of favorable developments recently. The primary rationale behind ADA price 6% upside momentum today comes as the network gears up for that most significant Chang hard fork next week.
