ADA

On-chain data has provided insights into how Cardano (ADA) investors will likely react to the crypto token’s recent price surge. Cardano has been one of the leading gainers in the crypto market in the last seven days, with a price gain of over 14% during this period.  Cardano Could Face Significant Selling Pressure Cardano could face significant selling pressure from investors who recently entered the money following the crypto token’s price surge. Data from the on-chain analytics platform Santiment shows…

Bitcoin (BTC) has held firm above $60,000, although its price has not seen much movement. The asset is trading around the $60,700 price level. The crypto market cap currently stands at $2.15 trillion, an increase of 0.72% over the past 24 hours.  While BTC has gained around 21% since dipping below $50,000 on August 5, it has struggled to stay above $60,000. BTC’s sluggishness could be blamed on investors looking to balance risk, who have pivoted to bonds and stocks…

The excitement continues to build within the Cardano (ADA) community as the highly anticipated Chang hard fork gets ready to launch. Ahead of the upcoming upgrade, ADA, the native token of the Cardano ecosystem, has exploded by over 52% in this key metric.  Cardano Releases Date For Chang Upgrade Intersect, a member-based organization for the Cardano ecosystem, took to X (formerly Twitter) on August 20 to provide comprehensive details and updates on the Chang hard fork. The organization has unveiled key dates…

Since reaching $3 in August 2021, Cardano (ADA) has seen a sharp drop of over 90%. Despite the initial boost from the Alonzo upgrade, which introduced smart contracts, ADA has struggled to hold its value due to market downturns and persistent challenges. As ADA faces ongoing pressure, investors are reconsidering their positions and looking for new opportunities. In light of these developments, MoonTaurus (MNTR) is emerging as a promising alternative investment for 2024. Currently in its presale phase, MNTR offers…

The post Polygon (MATIC) and Cardano (ADA) Approaching the End of Consolidation: Will They Trigger a Strong Bull Run? appeared first on Coinpedia Fintech News 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. Therefore, with a sustained rise, the prices…

At the peak of the 2020 to 2021 bull run, ADA, the native token of Cardano, rose to $3 in August. Interestingly, developers activated smart contracts around the top of this cycle after completing the Alonzo hard fork, ushering in the Goguen phase. Did Alonzo And Smart Contracts Kill ADA? However, as Atomic Wallet analysts note, ADA has been on a downtrend since then, crumbling by over 90% over the years at the time of writing. ADA is changing hands…

An industry analyst claims that XRP could become obsolete if its price doesn't rise. Meanwhile, attention shifts to ADA and CYBRO as potential frontrunners in the crypto market. This analysis delves into the reasons behind such predictions, revealing which tokens might be poised for significant growth. Explore the emerging dynamics that could reshape the crypto landscape. CYBRO Presale Advances as Demand for AI-based Tokens Surges The CYBRO presale has rapidly advanced to its fifth stage, amassing over $1.6 million. This…

The crypto market has witnessed a substantial surge in the Cardano trading volume over the last 24 hours. Yet, the blockchain’s native token, ADA, has failed to deliver a proportional price increase.  Bullish Cardano Volume Data According to data from the information platform CoinGlass, Cardano, currently the 11th largest cryptocurrency by market capitalization, has experienced a 150% surge in trading volume in the 24 hours, amounting to approximately $477 million. CoinGecko’s data also corroborates this trend, revealing a substantial 67%…

The post Cardano (ADA) and Ripple (XRP) Bears Unable to Stop Bullish Momentum Triggering Altcoin Rebound appeared first on Coinpedia Fintech News The movements in the prices of Bitcoin and Ethereum have typically triggered the performance of the altcoin market. However, Ripple (XRP) and Cardano (ADA) have stood out for their recent stable performance, even amid the bear market, which affected many other altcoins. This set has driven analysts to predict a hopeful uptrend for altcoins in the future. In…