Today, Cardano has taken an 11% nose dive amid a reigning-in of recent bull market sentiment, putting its $1 valuation into question. The post Cardano Struggles As Market Turns Red, ADA Falls Below $1, Down 11% in 24 Hours – What's Next? appeared first on Cryptonews.

Here are ADA's next potential targets (according to some popular industry participants).

Cardano blockchain founder Charles Hoskinson has shared a vision of building an “ecosystem of hybrid apps powered by DeFi-enabled Bitcoin.” In a Nov. 26 post on X (formerly Twitter), Hoskinson highlighted his renewed interest in Bitcoin's foundational code while noting that adding a DeFi layer to the top digital asset could restore its innovative edge.

Charles Hoskinson, the prominent crypto entrepreneur behind Cardano, has said he wants to add decentralized finance (DeFi) features to Bitcoin. Looking back on his long history with Bitcoin and its foundational code, Hoskinson described his renewed focus on the cryptocurrency, viewing it as a chance to revisit its design and expand its potential.

Top traders were net long on ADA, a bullish conviction of likely extra rally.

For some investors, Cardano's recent dip below $1 might seem catastrophic. However, ADA bulls appear unfazed by the slight decline, as on-chain data suggests they may be gearing up for another sustained uptrend.

ADA, alongside the rest of the market, dumped hard in the past day.

Cardano (ADA) has dipped below the crucial $1 level and is down by more than seven percent in the last 24 hours. ADA had recently come across a major resistance at the golden pocket area, which is positioned between $1.12 and $1.23.

The cryptocurrency market's November rally has spotlighted several Cardano Rivals poised for exponential growth. After Cardano's ADA token surged 250%, investors are eyeing competitors that could deliver significant returns.

Santiment's analysis of the Cardano market is based on two key indicators: realized profits and social media activity. According to their data, the $165 million in profits realized on November 22 was the highest level in eight months.

Cardano (ADA) has emerged as one of the cryptocurrency market's standout performers. Its market capitalization has tripled in just 17 days to reach an impressive $37.40 billion.

The firm's founder has stressed that the layoffs are not financially motivated.

Bitcoin's failure to cross above $100,000 could extend the current price pullback. The real question is whether or not bulls will buy the dip.

Cardano (ADA) price climbed 193.65% over the last 30 days and 37.82% in the past week. Despite this impressive rally, indicators suggest that ADA's uptrend may be losing steam.

The price of the native token of the smart contract platform Cardano ($ADA) has been hovering around the $1 mark amid a wider cryptocurrency market surge that has seen th price of the flagship cryptocurrency Bitcoin near $100,000 before a correction saw it drop to $95,000 at the time of writing.

Cardano (ADA) is struggling to maintain the $1 support level. What does the future hold for ADA?

The price of Cardano (ADA) is losing its crucial edge on the market as it entered a consolidation phase that proves it is truly oversold. Per data from CoinMarketCap, the price of Cardano has dropped in 24 hours from $1.09 to its current price of $0.9998, down by 1.03%.

Cardano founder alleges unfair practices in Wyoming's stablecoin project after commission creates arbitrary blockchain scoring system.

ADA's monthly chart shows a key resistance at $0.85. If it flips to support, it could spark a major rally.

Last week's remarkable Cardano rally stalls, with ADA down 8.70% from last week's highest level. With this consolidation, similar to that of other altcoins, many traders wonder what's next for Cardano price after the 220% rally?

Cardano (ADA) continued to exhibit strength over the weekend after surging past the critical $1 resistance level on Friday, following a week of intense buying pressure. Notably, the ninth-largest cryptocurrency has skyrocketed nearly 220% in the past month, riding the wave of a broader crypto-market resurgence.

Cardano founder Charles Hoskinson has threatened legal actions over the blockchain network's omission from the Wyoming Stablecoin project. In a Nov. 25 video broadcast on social media platform X, Hoskinson accused the Wyoming Stable Token Commission of favoring certain blockchains and ignoring transparency.

Sky Mavis is pushing for growth, and as part of this restructuring, it has downsized its workforce.

Axie Infinity creator Sky Mavis lays off 50 employees as part of broader efforts to adapt post-hack and market shifts.

Sky Mavis co-founder and CEO Trung Nguyen said resources freed up from the layoffs will be used in a new Axie Infinity game and other projects.

Sky Mavis cut 21% of its workforce to focus on core products, with the CEO claiming it wasn't due to financial issues. The post Axie Infinity Creator Sky Mavis Lays Off 21% as Part of Restructuring appeared first on Cryptonews.

In a livestream on November 25, Charles Hoskinson, the founder of Cardano and CEO of Input Output Global (IOG), voiced serious concerns over the Wyoming stablecoin project, highlighting what he perceives as procedural misconduct and unfair exclusion of the Cardano blockchain.

Sky Mavis has laid off 21% of its workforce The web3 firm said the decision was not related to its finances.

The layoff reflects a strategic move to focus on its projects, including a new Axie Infinity game, according to its CEO.

A prominent crypto analytics firm is warning that on-chain data is indicating that traders are taking profits on their Cardano positions (ADA). Santiment says on the social media platform X ADA is flashing two bearish signals after an over 220% rally this month.

Cardano (ADA), currently ranked as the ninth-largest cryptocurrency, has emerged as one of the market's top performers. It has experienced an impressive 108% increase over the past two weeks, propelled its price to a 32-month high, fueled by a wave of bullish sentiment following Donald Trump's presidential victory on November 5.

Cardano (ADA) is showing a remarkable surge in price, up by 117% from its recent lows. As the cryptocurrency market continues to heat up, ADA has been one of the standout performers, attracting attention from both retail investors and analysts alike.

Cardano (ADA), the ninth largest cryptocurrency by market cap, has seen an impressive rise in November, increasing by 211% over the last 30 days, according to CoinGecko data.

This week's 'top cryptocurrencies to watch' are all from the gaming market segment: Sandbox, MANA and Axie Infinity.

Cardano's ADA token has surged to its highest price since May 2022, hitting 90 cents and attracting significant attention from both retail and institutional investors. The recent surge has propelled ADA's market capitalization to $30.85 billion, securing its spot as the 10th-largest cryptocurrency in the world.

The so-called “OG” coins like Cardano (ADA) and Algorand (ALGO) are seeing strong momentum as the crypto altseason starts. In this context, Finbold asked an artificial intelligence (AI) model whether ADA or ALGO makes a better buy for 2025.

ADA appears set for an upward move, with several factors suggesting a potential rally.

ADA has currently slipped into the red zone, but it is holding strong above the $1 level. Up by more than 50 percent in the last seven days, ADA is eyeing the important $2 level. Similarly, Ripple's XRP has also recorded impressive gains and is trading at $1.46 levels.

The layer-1 blockchain Cardano (ADA) is primed to continue its long-awaited price surge, according to a popular crypto analyst. The digital asset trader Ali Martinez tells his 87,300 followers on the social media platform X that whales and “institutional players” have been buying into the Ethereum (ETH) competitor in anticipation of further price increases.

Cardano (ADA) is currently on an impressive upward trajectory, gaining over 43% in just the past week. This remarkable surge comes amid a broader market rally and heightened activity from both retail traders and institutional investors.

Cardano (ADA) has made a wild move in the past few days and has gained notable attention from crypto enthusiasts, including whales and traders. Besides a significant upside rally in the past few days, the market sentiment suggests that this rally is poised to continue as Cardano's ADA has room to soar.

Cardano (ADA) has extended its uptrend and has risen to a high of $0.98.

As Bitcoin continues its race to break the $100,000 mark, altcoins are raking in massive gains. Ethereum (ETH), the second-largest cryptocurrency, climbed 3.25% to $3,424.59 on Saturday, but its weekly gains of 7.83% exceed that of Bitcoin, CryptoSlate data indicates.

Input Output Hong Kong (IOHK), the parent company of Cardano (ADA) has announced its upcoming Hydra testing campaign. Packaged as a gaming tournament on Doom, a title built on Hydra protocol, the startup said it plans to push the limit of the scaling solution.

The cryptocurrency market has continued to sparkle in the historically bullish month of “Moonvember,” with the market leader Bitcoin setting the pace in the space. However, the Cardano price performance in the past week is undoubtedly one of the best the market has seen in recent weeks.

XRP has experienced a huge surge recently, and it's not alone. ADA and SOL are also seeing gains, with XRP leading the way. Ripple's community seems to be thriving, and the momentum is still strong.

Stellar (XLM) rockets 50% in 24 hours, reaching $0.43 after following the bullish momentum of XRP and ADA. Is $1 now in sight?

The crypto altseason is starting as some altcoins like XRP and Cardano (ADA) lead the way, printing significant gains. If history repeats this cycle, capital should rotate from large to small-caps, creating further opportunities for savvy investors and traders.