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This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) Ethereum tried to move above $3,600 this week but was quickly stopped by sellers who came in force to push the asset back to the key support at $3,200.
The broader digital currency ecosystem is in recovery mode, with Cardano (ADA) maxing out on the potential of the bulls returning. According to data from CoinMarketCap, Cardano's price has jumped by 5.34% in the past 24 hours and is now changing hands for $0.9712.
Social sentiment supports growth in dogecoin as AI Agent tokens rebounded on Friday.
While Bitcoin tends to dominate market movements, altcoins like XRP and Cardano have also shown signs of life, especially during Bitcoin's recent upward surge. Early this year, Cardano made a notable jump, rising by 32% within the first six days. However, it then experienced a drop in line with the broader crypto market correction.
Cardano (ADA) has recently experienced a significant price dip, falling below the crucial $1 threshold. This decline comes amid broader market weaknesses, contributing to a 12.39% decrease in Cardano's value over the past 24 hours.
Cardano stands to solidify its position as a leader in decentralization, challenging the likes of Solana with the nearing Plomin hard fork, transitioning into a fully community-led protocol. The post Cardano ‘Plomin' Hard Fork Nears – Could Cardano Overtake Solana? appeared first on Cryptonews.
The cryptocurrency market is in a correctional phase, with over $500 million liquidations made in the last 24 hours. The total value of the industry has now fallen below $3.4 trillion, almost reversing all the early gains of the year.
Cardano price has plunged for three consecutive days as the outlook for cryptocurrencies continues to worsen. Cardano (ADA) extended its downtrend, falling to a low of $0.90, its lowest level since Jan. 1 and 33% below its 2024 high.
In a newly released video titled “The next steps for Hydra,” Cardano founder Charles Hoskinson outlined the trajectory of the Hydra scaling solution and provided insights into how independent companies will soon spearhead fresh developments in the ecosystem.
Cardano has created history with its mind blowing hold over the world. The financial system was revolutionized when Cardano started climbing the ladder.
Cardano has faced significant downward pressure, with its price dropping by 15% in the last 48 hours. The altcoin failed to maintain $1.00 as support, falling below this crucial level.
Cardano has been moving similarly to Bitcoin over the last few months and is currently consolidating around the $1 mark. Yet, if BTC corrects in the coming weeks, ADA will likely perform even worse.
The cryptocurrency market has declined 3.6% to $3.4 trillion, with Bitcoin struggling amid downside pressure near $93k. BTC dominance has 54.2% as the benchmark asset's market cap hovers around $1.85 trillion. Meanwhile, the top altcoins Ethereum, XRP, BNB and Solana have witnessed corrections to key support areas.
BTC, ADA Price News: Bitcoin Slumps Further as Traders Await Friday Data
"Cardano has one of the most bullish weekly pattern setups in crypto," one popular analyst claimed.
Cardano experienced a sharp sell-off by whales, leading to a price drop, but analysts maintain a bullish outlook for its long-term potential.
Whales sold over 70 million ADA, raising uncertainty as key metrics signal bearish momentum.
Bitcoin (BTC) experienced significant volatility to start the year, several large-cap altcoins managed to outperform the broader market, showing resilience in the face of uncertainty. Among these standout performers were Cardano (ADA), Stellar Lumens (XLM), and Injective (INJ), each posting impressive gains despite Bitcoin's recent pullback.
Bitcoin (BTC) continued to drop for a second day as it slipped below $95,000 on Wednesday, falling to a low of $92,911 before recovering and moving to its current level of $94,442. The flagship currency is down almost 3% over the past 24 hours, as the crypto market lost $320 billion.
Cardano approaches a pivotal moment with the Plomin hard fork, aiming to establish fully decentralized governance through a phased voting process.
Whales on the Cardano (ADA) network have accumulated over 10 million tokens in the span of 24 hours as the price of the cryptocurrency started dropping amid a wider crypto market correction.
Amid market uncertainty, ADA, the native token of the Cardano blockchain, appears bearish as whales have been found dumping their holdings. Whales Sell-Off 70 Million ADA Tokens Today, January 9, 2024, a prominent crypto expert posted on X (formerly Twitter) that crypto whales have dumped a significant 70 million ADA tokens.
Bitcoin's sell-off shows no signs of forming a bottom, which is destroying traders' appetite for altcoins.
The Cardano (ADA) price has slumped back below $1.0 as cryptocurrency markets take a beating amid concerns about an ominous rise in long-term US government bond yields. The post Cardano Price Slumps Under $1 – Time to Buy the Dip? appeared first on Cryptonews.
