Story Highlights Cardano's price fails to hold its $1 mark. The ADA price records a strong bearish reversal and drops ~14% today. Technical indicators experience a bearish convergence, however, a potential bullish reversal can be expected. The cryptocurrency market has turned bearish this week with top tokens recording a significant drop in their respective portfolios.
Crypto to Buy Now: After a notable upside rally, the overall cryptocurrency market appears to be correcting. Today, November 26, 2024, the top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and several others have reported significant price declines.
Cardano price has faced a sharp reversal, dropping nearly 21% from its highest level this month as investors took profits. Cardano (ADA) was trading at $0.92 on Tuesday, Nov.
The Router Chain platform has added the Sui network to its growing list of cross-chain ecosystems, enabling users to seamlessly move tokens between Sui and EVM chains.
Technical signals indicate further increases while analysts predict new highs.
Thanks to a new feature called Babylon staking, Sui is tapping into Bitcoin's massive $1.9 trillion market. This opens the door for DeFi activities like lending, borrowing, and more.
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.
Thena is a decentralized exchange (DEX) and liquidity layer built on the BNB Chain and opBNB. This airdrop offers a chance for BNB holders to receive tokens participating in Binance's Simple Earn products.
Babylon Labs and Lombard Protocol have jointly unveiled a strategic initiative aimed at integrating Bitcoin with Sui, the Layer 1 blockchain and smart contract platform. This collaboration seeks to onboard bitcoin liquidity into the Sui ecosystem, enhancing decentralized finance (defi) with LBTC as a core collateral asset.
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.
BNB maintains support at $625 while forming a declining channel pattern with resistance at $660, as traders await a potential breakout that could drive prices toward the $685 level.
Top traders were net long on ADA, a bullish conviction of likely extra rally.
Explore how BNB Chain is revolutionizing the gaming industry by integrating AI and Web3 technologies, enhancing player experiences and economic dynamics within virtual worlds.
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.
Binance introduces Thena (THE) as the latest project on its Airdrops Portal, offering rewards to BNB holders. THE will be listed with multiple trading pairs on November 27, 2024.
LimeWire reenters the file-sharing space with a Web3-powered approach, launching a new feature powered by BNB Greenfield.
The Sui Foundation has announced a partnership with Babylon Labs, Lombard Protocol, and Cubist to integrate Bitcoin into the Sui ecosystem.
ADA, alongside the rest of the market, dumped hard in the past day.
Starting in December, Bitcoin holders will have the ability to stake their BTC through the Bitcoin layer-2 network Babylon.
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.
BNB price is consolidating near the $640 zone. The price is holding the $625 support and might aim for a move above the $660 resistance.
Binance Labs has announced its investment in Kernel, a restaking infrastructure designed to enhance security and utility on the BNB Chain.
As BNB (BNB) surpassed $670 over the weekend, taking its year-to-date gains to north of 185%, some investors are turning to a new PolitiFi gem called FreeDum Fighters ($DUM) as they hunt for the next coin to pump. The post BNB Surpasses $670 Mark, Up 185% in A Year, Is This PolitFi Gem Next To Pump? appeared first on Cryptonews.
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.
Sui is entering the Bitcoin staking market through partnerships with Babylon Labs and Lombard Protocol. The collaboration between Sui (SUI), Babylon and Lombard targets the $1.8 trillion Bitcoin (BTC) market, with staking a major attraction for users.
Sui, the emerging Layer 1 blockchain, is set to launch Bitcoin staking in December, marking a significant step toward integrating Bitcoin into decentralized finance (DeFi).
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.
Sui integrates Bitcoin for liquid staking with Babylon and Lombard, tapping into BTC's $1.8T market. The post Sui taps Bitcoin's $1.8 trillion market with liquid staking integration appeared first on Crypto Briefing.
The price of the native token of the smart contract platform Cardano ($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.
Starting in December, Bitcoin holders will be able to stake BTC on Babylon, a Bitcoin layer-2, from the Sui network.
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.
TL;DR Sui integrates Bitcoin liquidity by creating $LBTC, a native token of its blockchain. Bitcoin holders will be able to participate in Sui's DeFi ecosystem without having to sell their BTC. The integration of $LBTC will open up new opportunities for lending and financing platforms on the Sui network.
Sui Network's record 4.64 billion transactions in 2024 signal strong growth, pushing SUI's price to $3.42 with bullish momentum.
TL;DR This week, token unlocks in the crypto ecosystem will exceed $980 million, distributed across networks and protocols with different release models. Sui (SUI) leads cliff unlocks with $213.77 million in tokens, while Solana dominates linear releases by unlocking $131.69 million in assets.
The weekend's correction might have finished, according to CoinStats.
Bybit, the world's second-largest crypto exchange by trading volume, has announced the launch of Sui Wonderland 2024, a landmark initiative aimed at driving engagement and innovation within the Sui blockchain ecosystem. The campaign integrates airdrops, staking programs, and trading opportunities, making it easier for users to participate in the dynamic Web3 landscape.
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.
Sui (SUI) dominates the upcoming cliff-based token unlocks this week with 64.19 million tokens valued at $213.77 million, representing 2.26% of its circulating supply. The protocol leads a fleet of unlocks scheduled between November 25 and December 2.