ADA

Increasing short positions could boost ADA and XRP prices. Cardano’s network adoption is growing with Sundae v3 protocol activity. The cryptocurrency world is buzzing about Cardano’s native token, ADA. Fiery Trading just conducted a technical analysis on TradingView that suggests that if ADA keeps trading in its present channel, it may increase sharply to $40 or more. With the next bull cycle fast approaching, this bullish forecast indicates that ADA may soon hit an explosive all-time high. Cardano’s Bullish Predictions…

The Bitcoin (BTC) price fell as low as $58,474 on Monday as it shuttled between its support and resistance levels. BTC has been gradually falling towards its support level after failing to break past resistance. Whether sellers can push BTC below its support level and completely take control of the market remains to be seen. BTC Whales Cautious Bitcoin whales have become a cautious lot since the asset slipped below its support level on Friday (June 21). Data from Santiment…

The post Crypto Market Crash: How Low Can ADA Drop for Discounted Accumulation and Gains? appeared first on Coinpedia Fintech News Bitcoin’s price is currently below $62k, entering a dangerous territory. However, Cardano (ADA) has surged 2% in the last 24 hours. Bitcoin is managing to stabilize over the past day while most altcoins are attempting to recover. The cryptocurrency market is predominantly in the red today, with most coins making recovery efforts. Despite ADA’s price dip, sentiment around Cardano…

The post Analyst Advises To Stay Away From Stacking Stagnant Altcoins Like XRP and ADA appeared first on Coinpedia Fintech News While many altcoins currently lack clear signs of impending explosive growth, analysts have brought to attention several that are poised to lead the bull run. However, have you considered which altcoins to avoid? Jason Pizzino recently pointed out that Ripple’s XRP and Cardano’s ADA have shown lackluster chart performance. He contrasted their stagnant journey with Bitcoin’s noteworthy performance. There…

The recent daily surge in the price of XRP and ADA has been triggered by an increasing wave of short positions.  While this is said to be a good suggestion for growing market confidence, analysts believe that it could also lead to potential market volatility. The crypto market recorded a sudden rebound with Cardano (ADA) surging by more than 4% before flipping back into the “red zone” to trade at $0.39.  Similarly, XRP jumped by 3% in just 24 hours…

The post 30X Gains Incoming for Cardano’s ADA; Is $1 Back on the Cards? appeared first on Coinpedia Fintech News The cryptocurrency market recently saw a major drop, with the total market cap falling by over four percent to around $2.5 trillion. The spot Bitcoin ETFs experienced a 3.65% drop, with significant outflows contributing to the market decline. Data showed that long traders, betting on the crypto market’s upside, faced over $400 million worth of liquidations in the past 24…

Cardano (ADA) extended losses and tested the $0.360 zone. ADA is now rising and might attempt to clear the $0.400 resistance zone. ADA price remained in a bearish zone and settled below $0.40. The price is trading below $0.400 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.3760 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close…

The post Trader Reveals Timeline for Cardano (ADA) and this Hidden Ethereum Token to Hit $2, Less than 30 Days? appeared first on Coinpedia Fintech News A respected Cardano (ADA) trader predicts that ADA could reach $2 in 60 days, breaking critical resistance levels. Meanwhile, this other Ethereum token is also expected to touch $2 by the end of 2024.  Join us as we delve into the factors that could spur price growth for ADA and this other Ethereum-based crypto. …

Cardano’s treasury valued at almost $681.9 million is on the verge of being transferred to the community to finalize its decentralization process.  Growing treasury reserves have been linked to increasing network activities with the funds accumulated from transaction fees.  A top Cardano (ADA) analytics platform TapTools, has noted a strategic move which underscores Cardano’s relentless interest in decentralization and participative governance. As captured in a snapshot from TapTools, Cardano’s treasury which comprises ADA tokens, valued at almost $681.9 million is…