Cardano (ADA) Price Climbs 8%, Prompting Long-Term Holders to Sell
Cardano's (ADA) price recovery has been strong, but it might stop before it reaches $0.38.
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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.
The digital asset space is becoming more interesting to watch as the battle to stay among the top 10 cryptocurrencies in the industry becomes increasingly competitive. Cardano (ADA), previously the 10th largest coin, was edged out by TRON (TRX) following the success of its meme coin launchpad, SunPump, which boosted investors' interest in the asset.
After months of consolidation below the $1 mark, a cryptocurrency analyst projects that the decentralized finance (DeFi) token Cardano (ADA) is poised for significant upside.
News of the crypto projects Cardano, Tron and Aave
As Cardano gears up for its Chang hard fork scheduled for August 27, the crypto community is filled with excitement and anticipation. The update pushes Cardano into the “Voltaire era,” marking a major step toward fully decentralized community governance.
Cardano surprised the market with a quick rush to the 37 cents resistance. At this rate, a breakout is in the cards.
The bulls are accumulating strength as the top cryptos like Bitcoin & Ethereum have raised over a certain range and are trying hard to sustain above the range. While ETH price juggles around a crucial range, other altcoins like Polygon (MATIC) & Cardano (ADA) are displaying acute strength.
A pro-Cardano YouTuber highlighted a new feature on the blockchain that would allow ADA stakers to earn an additional 30% in staking rewards via the protocol's Staking Baskets.
Chang is coming, and it would seem that Cardano's community is ready to welcome it now!
Cardano (ADA), the native cryptocurrency of the eponymous proof-of-stake network, has managed to return to the top 10.
A bullish pattern appears on Cardano's daily chart, and a breakout might result in a 2x growth.
Cardano (ADA) has seen a strong rally over the past week, up nearly 15% amid a broader recovery in the cryptocurrency market. The price spike also comes on the heels of Wednesday's announcement of the final launch date for the blockchain's much-anticipated Chang hard fork upgrade.
Cardano price is currently surging as it seeks to reclaim 11th place ahead of Justin Sun's Tron Network (TRON), which Sun believes can reach $4 billion in revenue with his new strategy. ADA bulls have returned in full force, driving the price up 8.1% in the last 24 hours to $0.3719.
Cardano (ADA) has recently captured the attention of the crypto community, with its price surging by 8.38% over the past three days. This rally comes amidst a backdrop of significant network developments, particularly the growing success of Cardano's Hydra scaling solution.
Cardano (ADA) has gained slightly to trade at $0.37 at the time of writing. The coin could be set for even more gains after Cardano developers confirmed the date for the Chang Hard Fork, which will usher in the Voltaire Era and make the network more decentralized.
The spot Bitcoin ETFs have continued to attract inflows, suggesting that the long-term bullish view remains intact.
The price of Cardano (ADA) has resumed its uptrend above the 21-day moving average line as it enters the oversold territory.
Cardano eyes tentative date for the Chang hard fork, while Charles Hoskinson stresses the crucial shift towards decentralized governance.
Cardano (ADA), Toncoin (TON), and Avalanche (AVAX) are emerging Solana rivals to buy, as the SOL price signals a continuation of a sideways trend. Over the past five months, the Solana coin has wavered around the $160 level, projecting a lack of luster performance.
Charles Hoskinson, co-founder of Input Output Global and the Cardano blockchain ecosystem, has laughed off recent slander of ADA and Ripple's XRP from Raoul Pal.
TL;DR Launch Date Announced: Charles Hoskinson has officially announced that the highly anticipated Cardano Chang fork will launch on August 27, 2024, marking the beginning of the Voltaire era. Key Features: The Chang fork will introduce community-run governance and on-chain community consensus, allowing Cardano (ADA) holders to vote on proposals and shape the blockchain's future.
Cardano (ADA) may finally end its consolidation period, as a critical indicator has turned bullish. The ADA price has been trading sideways in the past few weeks, with no prominent signs of gains.
The price of Cardano (ADA), the 11th largest cryptocurrency by market capitalization, is trading up amid mixed price action on the general crypto market.