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ADA

Cardano  

#ADA

ADA Price:
$0.46
Volume:
$0.3 B
All Time High:
$3.09
Market Cap:
$17 B


Circulating Supply:
36,897,711,934
Exchanges:
102
Total Supply:
36,897,711,934
Markets:
274
Max Supply:
45,000,000,000
Pairs:
91



  ADA PRICE


The price of #ADA today is $0.46 USD.

The lowest ADA price for this period was $0, the highest was $0.456, and the exact current price of one ADA crypto coin is $0.45626.

The all-time high ADA coin price was $3.09.

Use our custom price calculator to see the hypothetical price of ADA with market cap of ETH and how the supply affects the price of ADA at different market capitalizations.


  ADA OVERVIEW


The code for Cardano is #ADA.

Cardano is 6.7 years old.


  ADA MARKET CAP


The current market capitalization for Cardano is $16,834,932,245.

Cardano is ranked #10 out of all coins, by market cap (and other factors).


  ADA VOLUME


There is a very large volume of trading today on #ADA.

Today's 24-hour trading volume across all exchanges for Cardano is $308,720,694.


  ADA SUPPLY


The circulating supply of ADA is 36,897,711,934 coins, which is 82% of the maximum coin supply.

Cardano has a relatively large supply of coins, 304 times larger than Ethereum's supply, as an example.


  ADA BLOCKCHAIN


ADA is the native coin for the Cardano blockchain.

View the full list of Cardano blockchain tokens.


  ADA EXCHANGES


ADA is well integrated with many pairings with other cryptocurrencies and is listed on at least 102 crypto exchanges.

View #ADA trading pairs and crypto exchanges that currently support #ADA purchase.


  ADA RESOURCES


Websitecardano.org
Whitepaperwww.cardanohub.org/en/academic-papers
TwitterCardano
Redditr/cardano
Telegramcardano


  ADA NEWS


ETH vs. ADA: Is Cardano or Ethereum a Better Investment in 2024?

    Markets got a big spike in Ethereum price this week on crypto exchanges. What's behind it and what factors can investors take into consideration to determine whether Ether or its friend Cardano is the better buy? Ethereum has a birthday coming up on July 30. It was launched in 2015 to create a 'world computer' with the same Web3 blockchain properties as Bitcoin has for storing cash and making payments. Cardano was launched on September 23, 2017 by initial coin offering (ICO) and founded by an Ethereum co-founder, Charles Hoskinson. Today it's the 10th largest cryptocurrency by market capitalization. Ethereum Market Cap (May 22): $451.8 billion Cardano Market Cap (May 22): $17.2 billion Certain differences between the two cryptocurrencies are an advantage for one or the other and a good reason to be bullish or bearish for ETH or ADA tokens. But some of the two networks' differences are tradeoffs that are more complex to evaluate as yielding an advantage for either crypto. Here are 7 key factors at play in the future Ethereum price against Cardano: 1. ETH vs. ADA - Technical Analysis (a tie) Ethereum price is nearly all the way back to its ATH (all time high) after spiking this week on Ethereum spot ETF buzz. Cardano has a long way to go. That might actually be more bullish for ADA, with more upside left in its price. The recent Ethereum ETF approval will shake up the entire meta for investing in Ether. If bulls take the price past $4,000, another 12.5% increase would pump ETH ... read More



Crypto Price Analysis May-24: ETH, XRP, ADA, SHIB, and DOT

    This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum just had one of its best weeks after its price exploded by almost 30%. It came on the news that an ETF approval was imminent, which was confirmed a few days later. Now, the price is consolidating around $3,800. The current resistance is at $4,000 and represents the high from February when the bears intercepted the market moves. However, with the ETF approved, the next attempt to break this level may be successful. Looking ahead, ETH's price action has turned bullish, with significant buy interest from market participants. This could easily see this cryptocurrency make new highs this year. Chart by TradingView Ripple (XRP) XRP seemed indifferent to the Ethereum ETF news and continues to move sideways under the key resistance at $0.54. The expectation is that more altcoins will seek an ETF in the future, and if that happens for XRP, it may lead to a similar price action. However, the company behind it needs to resolve its SEC lawsuit first. This cryptocurrency closed the week with a 3% price increase but is still looking for a trend. It nearly reached $1 in July 2023, but the price has failed to return to those levels since. Buyers simply don't have the strength to push higher right now. Looking ahead, XRP requires a catalyst to rekindle interest. If the price breaks above $0.54, buyers could become interested again. The current support is at $0.48. Chart by TradingV... read More



Cardano Breaks Past 200MA, Analyst 'Insanely' Bullish on ADA

    Cardano (ADA), the native token of the smart contracts platform, has been a hot topic in crypto circles this week. The surge in price and trading activity has analysts like Sssebi predicting a potential bull run for ADA, citing key technical indicators and a shift in market sentiment. Breaking Through Resistance, Bouncing Back Stronger Sssebi, a well-respected crypto analyst, recently published a detailed report highlighting ADA's recent bullish behavior. One of the key factors Sssebi points to is the token's successful climb above the crucial 200-day moving average (200MA) on the 4-hour chart. The 200MA is a widely used technical indicator that reflects the long-term trend of an asset. Traditionally, a price moving above the 200MA is seen as a bullish signal, suggesting a potential shift from a downtrend to an uptrend. $ADA gets a nice bounce of the 200MA on the 4hr chart with increased volume! Bullish! Since it hit 0.80$ $ADA was not able to get above this moving average and now it has broken it, came back and retested and bounced with high volume! Insanely bullish on $ADA right now! https://t.co/YCcGY13ZSp pic.twitter.com/QyatkiCx4k — Sssebi (@Av_Sebastian) May 21, 2024 But Sssebi's analysis goes beyond the initial breakout. He emphasizes the significance of the retest and subsequent bounce back from the 200MA with high trading volume. This price action, according to Sssebi, suggests a robust buying force behind ADA. The previous resistance level, once a hurdle for... read More



ADA Price Underperforms: Can Cardano Catch Up with Other Altcoins?

    Cardano (ADA) is struggling to start a fresh increase above the $0.500 resistance zone. ADA must stay above the $0.480 support to start a decent upward move. ADA price is struggling to gain bullish momentum above the $0.50 zone. The price is trading above $0.480 and the 100-hourly simple moving average. There is a key bullish trend line forming with support near $0.480 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $0.500. Cardano Price Remains Supported In the past few days, Cardano started a recovery wave from the $0.4620 zone, but lagged behind Bitcoin and Ethereum. ADA price broke the $0.4750 and $0.480 levels to move into a short-term bullish zone. The price even spiked above $0.50 but it failed to continue higher. A high was formed at $0.510 and recently there was a downside correction. The price declined below the $0.4980 support. It dipped below the 23.6% Fib retracement level of the upward move from the $0.4614 swing low to the $0.510 low. Cardano is now trading above $0.480 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $0.480 on the hourly chart of the ADA/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.4614 swing low to the $0.510 low. On the upside, immediate resistance is near the $0.4980 zone. The first resistance is near $0.510. The next key resistance might be $0.52... read More



Cardano Founder Predicts Crypto As Election Game-Changer: Impact On Pric...

    The US crypto industry is engaged in an intense battle against the White House, with tensions reaching a boiling point over the Biden administration's relentless push for onerous regulations and crackdowns on digital assets. According to Charles Hoskinson, the founder of Cardano, this anti-crypto stance may very well cost US President Joe Biden another term in office. In a scathing rebuke, Hoskinson accused the administration of harboring a 'systematic effort to hurt the crypto industry,' citing numerous policy meetings, private dinners, and open letters where the community has tried in vain to foster understanding. Despite these attempts at engagement, he argues, regulators remain steadfast in their campaign against the sector. '53 million Americans, regardless of their politics and preferences, are being painted as soft criminals,' Hoskinson laments, warning that this hostile environment has already landed some of his industry peers, including Binance's former CEO Changpeng Zhao, in jail. The Elizabeth Warren Factor Hoskinson has singled out Sen. Elizabeth Warren as the driving force behind the administration's anti-crypto agenda, going so far as to suggest a clandestine pact between her and Biden. The Cardano founder claims that Warren, known for her staunch opposition to digital assets, was able to extend her influence into the Treasury Department, handpicking like-minded individuals who share her distaste for the industry. This perceived alliance, Hoskinson argues, has... read More



This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano A...

    Crypto expert Michaël van de Poppe recently revealed that he had sold all his Bitcoin and rotated his capital to altcoins. The analyst explained the reason for this move and remarked that he was doing this to acquire more of the flagship crypto later on. Why This Analyst Swapped His Bitcoin For Altcoins In an X (formerly Twitter) post, Van de Poppe explained that altcoins have been “crushed unreasonably hard.” As such, he believes things can only improve from here on, noting that the “upside (for these altcoins) can’t be denied.”  Based on his explanation, the analyst suggested that these altcoins will likely outperform Bitcoin from here on as the flagship crypto already had its moment before the halving when crypto natives swapped their altcoins for Bitcoin. Before now, Van de Poppe had already predicted that altcoins would make a bounce in their Bitcoin pairs post-halving.  He also mentioned back then that there would be a narrative shift to Ethereum. More recently, he indicated that the news around the Spot Ethereum ETF would trigger a rally for Ethereum and other altcoins. While explaining his decision to swap his Bitcoins, he again touched on this and hinted that Ethereum would be integral to any move these altcoins make.  Van de Poppe claimed everyone expects the worst, that the Spot Ethereum ETF applications will be denied because the SEC considers the crypto token a security. Therefore, he believes the market is alrea... read More



Cardano Whales Return To The Table, Increase Massive Holdings By 10%

    Cardano (ADA) whales are back in the picture, with recent data suggesting their confidence in the crypto token may have been revived. If so, this will be massive for ADA, which could experience significant price surges soon enough based on this development.  Cardano Whales Add To Their Holdings The market intelligence platform IntoTheBlock recently revealed in an X (formerly Twitter) post that Cardano whales (who hold between 100 million and 1 billion ADA) have now added 11% to their balances over the past 30 days. These investors now hold 6.71% of Cardano’s total supply.  This represents a bullish development for Cardano since whale accumulation usually suggests that these investors are positioning for a potential price surge. These whales also contribute to the price surge since buys of such magnitude could trigger a rally in the price of any crypto token.  Besides the whales, retail investors are also heavily invested in Cardano. Data from IntoTheBlock shows that the bid-ask volume imbalance is bullish for ADA. Furthermore, the ‘In The Money’ metric has also turned bullish for Cardano, meaning that most of these investors are currently in profit.  Generally, the confidence in the Cardano ecosystem is growing once again. Data from DeFiLlama shows that the Total Value Locked (TVL) on the network has increased by over 5% in the last seven days. Lately, there has also been a significant increase in Cardano’s trading volume, meaning... read More



Crypto Price Analysis May-18: ETH, XRP, ADA, SHIB, and DOT

    This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum finally woke up this week after testing the support at $2,800 and closed with a 7% price increase. Nevertheless, ETH made a new yearly low against Bitcoin. The resistance is at $3,350 and if this momentum continues, it could be tested by the bulls in the coming days. Ideally, Ethereum will break higher soon and return on an uptrend. Looking ahead, ETH could be making a local bottom at this price level, and a relief rally may start after a long correction that began in early March. Chart by TradingView Ripple (XRP) Ripple continued to range in a channel and closed the week with a 4% price increase. Buyers appear keen to test the key resistance at 54 cents. If they are successful at a breakout, then they could hope to see the price rally again. The daily MACD has turned bullish in the past week, hinting that this cryptocurrency is ready to move higher. A decisive breakout above 54 cents is needed to confirm this. Looking ahead, XRP has a real opportunity in the coming week to bring back volume and buyers. If successful, the next target will be found at 68 cents. Chart by TradingView Cardano (ADA) ADA finally broke the resistance at 46 cents and is currently looking primed to move towards 60 cents next. The price increased by 7.5% this week. The 46 cents level was not yet confirmed as support and this could take place as buyers and sellers test their strength. The ove... read More



ADA Price Surge Could Push Ratio Of Holders In Loss Below 55%

    Cardano (ADA), the proof-of-stake blockchain network known for its smart contracts, has defied recent predictions of a fall from the top 10 cryptocurrency rankings by market cap. In a surprising move, ADA has instead become the top performer among major coins, experiencing a 7% surge in the last 24 hours. This price action has ignited discussions about ADA's potential to revisit its 2021 glory days, when it reached a peak of $3.10. A Tale Of Two Whales: Retail Accumulation Vs. Profit Taking The recent price increase can be attributed to two key factors: a surge in buying pressure and a potential upcoming 'battle of the whales.' On-chain data reveals that retail investors, the so-called 'whaley' masses, have been accumulating ADA aggressively, particularly between $0.48 and $0.50. This large cluster of buyers could act as a support system if the price reaches that level. However, lurking beneath the bullish sentiment is a potential obstacle. Data shows that only 40% of current ADA holders are in profit. A price increase to $0.49 could be particularly significant, as it could push the ratio of holders in loss below 55%. This milestone could trigger further buying pressure as more investors see an opportunity to move into profit territory. Whales Return? On Volume And Market Cycle Cardano's price rally is also being fueled by a significant rise in trading volume, reaching a weekly high of $461 million according to Santiment. This surge in activity indicates growing interest in... read More



XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally?

    On-chain data shows that XRP and Cardano whales have been accumulating recently, which can be bullish for the prices of these altcoins. XRP & Cardano Whales Have Gone On A Buying Spree Recently As analyst Ali explained in a new post on X, XRP whales have seen their holdings go up over the last couple of weeks. The indicator of relevance here is the 'Supply Distribution' from the on-chain analytics firm Santiment, which tells us about the total amount of assets the different market groups hold. The whale cohort is of interest in the current discussion. These investors hold between 1 million and 10 million XRP in their balance. At the current exchange rate, these amounts are worth around $0.52 million and $5.2 million, respectively. Clearly, these are pretty significant holdings, which is why whales are considered influential in the market. Now, here is a chart that shows how the Supply Distribution of the entities belonging to this XRP group has looked like recently: The graph shows that while the XRP price has been stuck in consolidation during the last couple of weeks, the whales have been viewing the opportunity as a buying one. These humongous investors have scooped up over 110 million cryptocurrency tokens (equivalent to almost $57 million) inside this window. This buying scale isn't particularly massive, but the fact that these investors have been backing the coin through this poor period should be an optimistic sign. It would also appear that XRP isn't the only o... read More



Cardano Whales Boosts Holdings by 11% in a Month as ADA Aims for $0.5

    Alongside the rest of the cryptocurrency market, Cardano also witnessed a lackluster month. But certain cohorts of high-profile investors have been slowly amassing significant amounts of ADA tokens. Cardano whales - those holding between 100 million and 1 billion ADA - have added 11% to their balances in the past month, according to ITB's latest findings. ADA Whales Adds More Tokens The latest surge indicates a growing confidence or strategic positioning among large ADA holders. As of now, this cohort of ADA investors commands 6.71% of the entire token supply. Such an insight highlights the whales' substantial influence within the Cardano ecosystem. Cardano whales holding between 100m and 1b $ADA have added 11% to their balances over the past 30 days. This group now holds 6.71% of the entire $ADA supply. pic.twitter.com/nSe4lXE96R — IntoTheBlock (@intotheblock) May 15, 2024 Over recent weeks, there has been a gradual increase in Cardano whale activity as reported earlier. Historically, such rises in whale activity have been associated with potential price reversals, suggesting shifts in market sentiment. However, contrary to this trend, ADA has closely mirrored the broader market movement, which saw a modest recovery on Thursday. ADA surged by nearly 6% in the past 24 hours, reaching $0.456 at the time of writing. Experts believe that ADA could mirror its 2021 surge even targeting $7.80 level. Further bullish predictions suggest that the world's 10th largest cryptocur... read More



Cardano (ADA) Might be Gearing up for a Rally: Here's Why

    TL;DR Speculation about Gemini potentially listing Cardano (ADA) has increased after a popular post from the exchange. Despite recent declines, analysts predict a substantial rally for the asset, with projections ranging up to $10 based on past performance. ADA Price Rally Incoming? Many industry participants have recently speculated that Cardano's native token—ADA—may soon be listed by the US-based cryptocurrency exchange Gemini. The rumors started circulating shortly after the company released a post on X where it praised the asset and touched upon its merits. Cardano $ADA is an open-source protocol democratizing the process of consensus and governance It was created to be a scalable, interoperable, and sustainable solution compared to other PoS blockchains https://t.co/njwgPI8CNh — Gemini (@Gemini) May 11, 2024 The interaction triggered heated discussions and was a subject of increased interest. The X user Dave noted that Gemini's posts usually gather an average of 10,000 views. As of now, the post about Cardano (ADA) has received almost 330,000 views, with many users urging the firm to embrace the token. Official listing on a popular exchange such as Gemini results in increased visibility, accesibility, legitimacy, and liquidity for the involved asset. These factors could attract more investors, while the potential flow of capital can trigger a price rally. Launched in 2014, Gemini is among the leading cryptocurrency exchanges, with a daily trading ... read More



Cardano Ready For 15x Move, Crypto Analyst Reveals The Major Drivers

    Cardano (ADA) looks primed to make that move to the upside, with crypto analyst Javon Marks revealing what could make the crypto token see a 15x increase in its price. Marks’ analysis comes amidst recent price predictions, which paint a bullish outlook for Cardano.  How Cardano Could See A 15x Increase In Its Price Marks mentioned in an X (formerly Twitter) post that ADA has shown “major progress since breaking the resisting trend.” The crypto analyst also noted that the crypto token attempted to move over 200% toward the first target at $2.77709 and claimed that the recent pullback Cardano faced could strengthen it to achieve an even more parabolic rise.   This development is why Marks believes Cardano could rise to as high as $7.80 from its current price, representing a 1,500% increase for the crypto token. A rise to that level looks more feasible, considering that crypto analyst Altcoin Daily also recently predicted that Cardano will rise to $9 in this bull run. Meanwhile, crypto analyst Ali Martinez made an ultra-bullish case for Cardano, noting that the crypto token was currently mirroring its price action from 2019, when it made a price gain of over 4,000%. While Martinez acknowledged that history might not repeat itself, he suggested that Cardano could still make an impressive move similar to 2019.  For Cardano to experience such parabolic moves, the crypto token needs to see a reversal in its current downtrend. Crypto analyst T... read More



Crypto Analyst Sets $10 Price Target For Cardano As Volume Jumps 90%

    The stars may be finally aligning for Cardano (ADA) and its holders, as the crypto token recently experienced a significant reversal and a jump in its trading volume. Interestingly, this development coincides with an ultra-bullish prediction that a crypto analyst made for the crypto token.  Crypto Analyst Predicts Cardano To Rise To $9 Crypto analyst Altcoin Daily revealed in an X (formerly Twitter) post that $9 is their peak price target for Cardano in this bull run. The analyst joins other crypto analysts who have made ultra-bullish predictions for Cardano despite how low the crypto token is currently trading. Specifically, he mentioned that this will happen at the peak of this market cycle. Altcoin Daily’s prediction comes amidst Cardano's 90% jump in trading volume. This suggests that more investors are accumulating the crypto token ahead of this parabolic rise.  Cardano’s price already reacted positively to this development, with the crypto token seeing a reversal from its downtrend. Crypto analyst Trend Rider suggested that this reversal might begin an upward trend for Cardano as he noted that the crypto token was currently holding its support level very well.  The analyst also revealed that the bears were currently trying to push the crypto token further down, but he claimed that they would get tired once Cardano could hold this support for 1 to 2 more weeks. Once that happens, Carano will bounce from its current price level, Trend Rider rema... read More



Cardano (ADA) Price Predicted to Explode by 1,500%: A Plausible Target o...

    TL;DR Analysts predict that Cardano's ADA, currently priced at around $0.46, could replicate its 2021 surge, with an optimistic target set at $7.80. Additional bullish forecasts suggest the asset might reach short-term levels around $1.70 and possibly climb to a 'parabolic' peak of $10, indicating strong confidence in its growth potential. Where Is ADA Headed? Cardano's native cryptocurrency has flashed green in the past few days, currently trading at approximately $0.46 (per CoinGecko's data). One analyst who noted the recent progress is the X user, JAVON MARKS.  The trader believes that ADA's current state might be mimicking that of 2021. Back then, the asset's value retraced substantially before skyrocketing to an all-time high of almost $3. The analyst predicted that the scenario may repeat at a larger scale in the near future, setting a target of $7.80 or a whopping 1,500% increase. Such a price explosion would require ADA's market capitalization to reach a staggering $260 billion. Currently, the market cap stands at around $16 billion, making the forecast highly optimistic, to say the least. Another crypto analyst who envisioned a bright future for Cardano's token is Trend River. He claimed that bears have tried their best to push the price down but eventually 'will get tired,' which may result in a bull run. Previous Predictions The X user Ali Martinez is also among those who chipped in. Nearly a month ago, he suggested t... read More



Crypto Price Analysis May-10: ETH, XRP, ADA, SHIB, and DOT

    This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum continues to hold above $3,000 and closed the week with a 2% price increase. This brings optimism that the correction may be approaching an end. So far, buyers have come in strong any time the price falls under $3,000. The current resistance is at $3,400, and it was last tested at the end of April when sellers rejected an attempt at a breakout. If buyers continue to sustain the price above the key support, another breakout attempt appears likely. Looking ahead, ETH will consolidate in this range until the market makes a decisive move. The bias is neutral at the time of this post and would turn bullish if this cryptocurrency moves above $3,400. Chart by TradingView Ripple (XRP) Ripple had another week with a flat price action that is almost identical to last week. The current resistance is at 54 cents, and buyers have been unable to break it despite a recent attempt. The indicators have been flat since the crash in mid-April, and volume has been falling. Until it returns, this price action is unlikely to change much, as there is no conviction from buyers or sellers right now. Looking ahead, XRP's price may continue to move under the key resistance at 54 cents. Should selling intensify, then this cryptocurrency has good support at 50 cents. Chart by TradingView Cardano (ADA) After a difficult start in May, ADA seems to have found support at 45 cents and is keen to mo... read More



MicroStrategy's Saylor Bashes Ethereum (ETH), Cardano (ADA) and Ripple (...

    The CEO of MicroStrategy, Michael Saylor, recently critiqued Ethereum (ETH), Cardano (ADA) and Ripple (XRP) as he labeled them securities. This brought about a lot of talk among traders as they now look at safer options like Rollblock (RBLK). Analysts hint that this Stage 1 presale star could be the next $0.5 token in 2024 and one of the best cryptos to buy. Michael Saylor: Ethereum ETF Will Never Come One of the top crypto coins, Ethereum (ETH), has been in the headlines recently. MicroStrategy’s CEO, Michael Saylor, predicted that the US SEC will dismiss spot Ether ETFs listing and trading applications. Saylor said that he expects this decision because the US CFTC will not be able to supervise Ethereum as a commodity but as a crypto-asset security. This Ethereum news may trigger a bear run for this crypto. Nevertheless, the Ethereum crypto value jumped 60% in the past year alone while its market cap soared to $369B. Additionally, 11 technical indicators are flashing buy signals for Ethereum. Thus, market analysts predict Ethereum will reach a value of $4,137 before Q2 of 2024 ends. Charles Hoskinson Responds to Michael Saylor’s Cardano (ADA) Comments In that same speech, Michael Saylor stated that many other top crypto coins, such as Cardano (ADA), will be treated as crypto asset securities as well. However, the co-founder of Cardano, Charles Hoskinson, responded to this claim. He claims that Michael Saylor is a Bitcoin maximalist who constantly bashes anything ... read More



ADA Price Prediction – Can Cardano Bulls Overcome This Key Hurdle?

    Cardano (ADA) is attempting a fresh increase above the $0.4500 resistance zone. ADA could gain bullish momentum if it settles above the 100 SMA (H4). ADA price is slowly moving high above the $0.450 zone. The price is trading below $0.480 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.4580 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a clear move above $0.470. Cardano Price Attempts Fresh Increase In the past few days, Cardano started a recovery wave from the $0.4180 zone, like Bitcoin and Ethereum. ADA price broke the $0.4350 and $0.4420 levels to move into a short-term bullish zone. There was a move above the 23.6% Fib retracement level of the downward move from the $0.5227 swing high to the $0.4180 low. Besides, there was a break above a key bearish trend line with resistance at $0.4580 on the 4-hour chart of the ADA/USD pair. Cardano is now trading below $0.480 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.4650 zone and the 100 simple moving average (4 hours). The first resistance is near $0.470 or the 50% Fib retracement level of the downward move from the $0.5227 swing high to the $0.4180 low. The next key resistance might be $0.4980. If there is a close above the $0.4980 resistance, the price could start a strong rally. Source: ADAUSD on TradingView.com In the stated case, the pri... read More



Cardano (ADA) Trading Activity Goes Quiet: Will This Drag Down The Price...

    Cardano (ADA), the third-generation blockchain platform, has been mirroring a mountain climber clinging to a precarious ledge. After a brief ascent earlier this month, the price has dipped back down, leaving investors questioning the strength of the current uptick. While a recent surge in active addresses hints at renewed interest, technical indicators and declining trading volume paint a picture of an uncertain future. Cardano At A Crossroads Cardano's current price action presents a complex picture. The recent uptick offers a glimmer of hope, but the technical indicators and declining volume suggest a possible continuation of the downtrend. Though its impact is still unknown, the increase in active addresses is a promising indication of possible rekindled interest. It will take time to see if ADA can emerge from the gloomy clouds and start its ascent with greater assurance. Cardano's Uphill Battle: Price Struggles For Traction For holders of ADA, May started off with a ray of hope. After a rally of three days, the price increased to $0.46 from $0.45. Nevertheless, a series of losses soon erased these gains, returning the price to the $0.45 region, which is where it was previously. This pattern of stops and starts emphasizes how ADA suffers from a lack of consistent propulsion. As of today, a small uptick has brought ADA back to the $0.45 zone, offering a temporary respite. But lurking beneath the surface is the persistent bear trend, a fact confirmed by the Relative Stre... read More



Crypto Analyst Says Cardano Bloodbath Far From Over, Sets Bottom Price F...

    Cardano has recovered from its April lows and continues to maintain a strong momentum above $0.45. This has prompted expectations that the altcoin will go on a rally from here. However, not everyone shares this sentiment as one crypto analyst expects the price to crash further from here. Cardano Will Crash Back Below $0.45 In the latest video on his YouTube channel that revolved around Cardano’s future trajectory, crypto analyst, ‘More Crypto Online’, revealed why the ADA price is poised for more decline. The analyst pointed out that the altcoin is currently in its 3-wave corrective rally. Now, the Elliot Wave Theory which is being referred to by the crypto analyst consists of five waves. Out of the five, three are bullish and two are bearish. The bullish waves involve the 1, 3, and 5, with 2 and 4 being bearish waves. If the analyst is correct and the Cardano price has only completed three waves so far, that means the fourth wave, which is a bearish wave, is yet to be established. As a result, the crypto analyst believes that the Cardano price will further break down as it enters the fourth wave. He further pointed out that the altcoin’s price had fallen below the $0.48 support, which was an important level for it. This, coupled with the fact that it is yet to enter the fourth wave, has the analyst convinced that the price crash is far from over. As for where the ADA price might end up in this fourth wave, the crypto analyst believes it will go as lo... read More



Cardano Comeback: Analyst Reveals Why It's Time To Get Back Into ADA

    Cardano (ADA) might be going through a lackluster price action at the moment, but analyst Ali Martinez believes the crypto might be gearing up for a parabolic run. While taking to social media platform X, Martinez talked about an intricate price analysis that ADA investors might find appealing. Particularly, the analyst noted that the cryptocurrency's current price formation is showing signs of a comeback, according to its price history.   Cardano Price History Shows Signs Of Comeback The price of Cardano has been on a correction path since the middle of March when it peaked at $0.79. Interestingly, current price levels means that the cryptocurrency has corrected over 40% from this peak. This has led to concerns from some investors about the ADA's price trajectory for the rest of the years, particularly considering different inactivity concerns and others surrounding the cryptocurrency. However, according to Martinez, this cycle is normal for the cryptocurrency. The renowned analyst's take on ADA is based on its historical trend. According to the 1M ADA/USD timeframe chart shared by Martinez, the 50% price drop ADA recorded in the past month could be a golden opportunity for crypto investors to position themselves for a price surge.  Looking at ADA’s price history shows this may just be a temporary setback before the next rally. A similar price action played out between 2019 and 2020 before the surge to new all-time highs in 2021. After breaking out... read More



Crypto Analyst Says Cardano 'Ready For A Parabolic Bull Run,' Here's Why

    An analyst has explained how, if the historical pattern followed by the ADA price is to be believed, Cardano seems ready to go on a parabolic bull run. Cardano May Be Set For A Bull Run Based On Historical Trends In a new post on X, analyst Ali Martinez has discussed what hints history may contain regarding where ADA's price would go next from here. First, here is a chart shared by the analyst that shows the trend the cryptocurrency followed back in 2019: From the graph, it's visible that the asset had first consolidated inside a parallel channel during this period. A 'parallel channel' in technical analysis (TA) refers to the region bounded by two parallel trend lines. The upper line of the pattern connects the tops in the price, while the lower one joins the bottoms. When consolidating inside the channel, the price is probable to find resistance at the upper end and support at the lower one. A break out of either of these lines can imply a continuation of the trend in that direction. As is visible in the chart, ADA managed to break out of this past parallel channel with a 75% surge. The asset then followed this rally up with a correction of around 56% before finally lifting off into a massive 4,095% bull run. Interestingly, just like in 2019, Cardano was stuck inside a similar parallel channel in 2023. The chart below shows this recent pattern for the cryptocurrency. As displayed in the graph, Cardano broke out of this latest parallel channel a while ago, this time wit... read More



Crypto Price Analysis May-03: ETH, XRP, ADA, SHIB, and DOT

    This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum broke under $3,000 and closes this week with a 5% loss. This latest crash in the price made a lower low which shows bears are still in control of the price action. The current support is at $2,900 and buyers have to protect this level at all costs. If they fail, then the next major support will be found at $2,500. Looking ahead, ETH was quickly rejected at the $3,350 resistance in late April. Since then, the price has been in a downtrend. The bias remains bearish, but hopefully May can bring better news for this cryptocurrency. Chart by TradingView Ripple (XRP) Ripple continues to move sideways and closes the week with a 1% loss. While this is not much, volatility was higher this week when the price briefly dropped to 48 cents before bouncing. The resistance is found at 54 cents and the price seems unable to break this level at this time. Therefore, XRP is more likely to move sideways under the key resistance. Looking ahead, if sellers decide to return in force, then the next key level of support is at 50 cents. While the chart is bearish, the hope is that sellers will become exhausted after they dominated in April. Chart by TradingView Cardano (ADA) ADA was rejected by the resistance at 46 cents and appears to still struggle. The price is in a downtrend and has fallen by 4% this week. If buyers don't return soon, then ADA may make new lows and approach the key sup... read More



Crypto Prediction Website Reveals When The Cardano Price Will Reach $45

    Crypto prediction website Telegaon has provided insights into when Cardano (ADA) will hit $45. A rise to that price level represents an 8.900% price gain from its current price level, which will appeal to ADA holders, especially given the crypto token’s recent unimpressive price action.  When Cardano Will Rise To $45 Telegaon predicted in a blog post that Cardano will reach $45 by 2050. They highlighted $45.87 as the maximum price the crypto token will likely attain that year. Meanwhile, $39.12 and $42.41 are predicted to be ADA's minimum and average prices that year. The prediction site claims that Cardano’s parabolic rise will occur due to several factors.  These factors include “trading volume, market trends, investor sentiment, technological developments, and external influences.” It is worth noting that the Cardano has performed incredibly well in terms of technological advancements as the network has continued to rank among the top blockchains by development activity.  This factor is expected to play a massive role in Cardano's attainment of this price prediction, especially considering that the crypto projects likely to survive until 2050 are the ones that can adapt and progress with the times. Cardano has shown such quality, seeing how the team has continued to build actively, especially with the implementation of the network’s smart contract functionality.  Meanwhile, Telegaon also outlined its price predictions for... read More



ETH Gate Conversation Intensifies After Ripple CTO And Cardano Founder D...

    Over the weekend, the conversation about the ETH Gate theories started again after the news of the Consensys lawsuit against the US Securities and Exchange Commission (SEC). The discussion intensified following the Ripple CTO David Schwartz and Cardano Founder Charles Hoskinson's debate on X. Is There A Double Standard For Ethereum? On Thursday, crypto firm Consensys sued the US SEC, accusing the regulator of “unlawful seizure of authority” over Ethereum. Following the news, an online conversation sparked regarding the SEC’s alleged favoring of the second-largest cryptocurrency by market capitalization. X users commented on crypto exchanges’ “double standard.” Many pointed out platforms like Binance, Coinbase, Crypto.com, and Bitstamp delisted XRP after the SEC’s crackdown on Ripple. Hey @coinbase @cryptocom @BinanceUS @Bitstamp @BittrexExchange when delist Ethereum? Are you still trying to comply with regulatory concerns or no??? pic.twitter.com/QiWG9qEUbZ — Digital Asset Investor (@digitalassetbuy) April 26, 2024 Moreover, members of the crypto community also asked for ETH's delisting. One user stated that if the crypto asset “doesn’t get delisted, we know #ETHGate is real.” The theories about the SEC attacking Ripple and XRP in favor of Ethereum are part of an ongoing saga that has raised concerns and speculation over the agency’s regulatory inconsistency. Last year, lawyer and crypto expert Jeremy ... read More



ADA Price Prediction – Can Cardano Reclaim 100 SMA and Rally?

    Cardano (ADA) is moving lower below the $0.500 resistance zone. ADA could gain bearish momentum and decline if it stays below the 100 SMA (H4). ADA price is slowly moving lower from the $0.520 zone. The price is trading below $0.500 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.4740 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could attempt a fresh increase if the bulls remain active above the $0.4280 support. Cardano Price Faces Key Hurdles In the past few days, Cardano saw a steady decline from the $0.520 resistance zone, like Bitcoin and Ethereum. ADA price declined below the $0.500 and $0.4950 levels to enter a bearish zone. There was a move below the 50% Fib retracement level of the upward move from the $0.4000 swing low to the $0.5201 high. It even declined below $0.4650 and tested $0.450. The price is now trading below $0.500 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance at $0.4740 on the 4-hour chart of the ADA/USD pair. The bulls seem to be active near the $0.450 zone and the 61.8% Fib retracement level of the upward move from the $0.4000 swing low to the $0.5201 high. On the upside, immediate resistance is near the $0.4740 zone, the 100 simple moving average (4 hours), and the trend line. The first resistance is near $0.4920. The next key resistance might be $0.500. If there is a close above the $0.50 resistance... read More



Cardano Crisis Or Comeback? ADA's Key Metric Hits Low, What This Means F...

    Data from analytics platform IntoTheBlock have illuminated a troubling trend within the Cardano (ADA) network, showing a significant dip in 'profitability' for its holders. While cryptocurrencies like Bitcoin and TRX show a high percentage of holders in profit, Cardano stands in stark contrast, with only 35% of its holders currently seeing gains. This insight into the Cardano ecosystem reveals deeper challenges, as many of ADA's transactions now appear to be at a loss. The chart below shows the percentage of holders in profit on several top layer 1 networks Bitcoin remains king, with $TRX being a close second. $DOGE and $ETH also have the vast majority of holders in profit. $ADA stands out with only 35% of holders in profit. But is this… pic.twitter.com/x9YwfuNIN4 — IntoTheBlock (@intotheblock) April 24, 2024 Details Into ADA Investors Profitability The report's specifics indicate that out of 1.59 million addresses holding 14.07 billion ADA, a substantial amount of these tokens were acquired at higher price points that are not profitable under current market conditions. In particular, 2.73 million addresses are underwater, holding 20.07 billion ADA purchased at price levels between $0.5975 and $0.7265. This significant segment of loss-bearing investments places downward pressure on ADA's market price, contributing to recent price volatility. Despite the immediate bearish outlook, ADA has shown resilience with a weekly gain of 4.2%, bringing its price to $0.46... read More



The Cardano $1 Dream: Is A Price Explosion Coming Or Just Deja Vu?

    Cardano (ADA), the tenth largest cryptocurrency by market capitalization, has been a rollercoaster ride for investors in recent months. After a steep price decline in March, ADA has seen a minor uptick, leaving analysts divided on its future trajectory. Could a repeat of a historical price pattern propel ADA to new heights in 2024, or are there warning signs lurking beneath the surface? Cardano Mimics 2020: Bullish Echo Or False Hope? Hopeful investors are clinging to a familiar chart pattern. According to popular crypto analyst Milkybull, ADA's price movement appears to be mirroring its action in 2020. Back then, an 'Adam and Eve' double bottom pattern preceded a significant price surge. If history rhymes, a breakout from this pattern could see ADA revisit its all-time high this year. $ADA It's following the same path of 2020 that initiated an explosive rally. pic.twitter.com/rI5FDzcn4P — Mikybull Crypto (@MikybullCrypto) April 21, 2024 However, historical comparisons are a double-edged sword. While past trends can offer some insight, blindly relying on them can be misleading, especially in the ever-evolving cryptocurrency market. Technical Indicators Flash Green, But Network Activity Sputters Technical indicators often used to gauge market sentiment seem to be painting a bullish picture for Cardano. The Relative Strength Index (RSI) and Chaikin Money Flow (CMF) are both trending upwards, suggesting a potential price increase. Meanwhile, a crucial metric paints a... read More



Crypto Analyst Predicts Cardano Recovery After ABC Wave Completion, Here...

    Cardano suffered a massive price crash over the last two weeks. However, with the market recovery, the ADA price has begun to see some positive headwinds. Analysts expect this recovery to continue, with one crypto analyst in particular, who goes by CobraVanguard, expecting a bullish continuation toward $1. Cardano Completes The ABC Wave The crypto market crash, led by Bitcoin, saw the prices of Cardano and other altcoins plunge into a dreaded ABC wave. This wave is notorious for causing massive dips to the tune of 50%, leaving investors in losses in its wake. The crypto analyst revealed that Wave A had taken place when Cardano had fallen from $0.8 to $0.57, and then Wave B saw the recovery from $0.57 to $0.68. The third and final wave, Wave C, saw the price crash from $0.77 to $0.4 before bouncing upward once again, signaling the completion of the ABC wave. As with all other crashes, there comes a time when the ABC wave is over, and the price of an altcoin can recover, and it seems Cardano has entered this range. The price of the altcoin has since recovered above $0.5, with the bulls now taking control. From here, the analyst expects the recovery to continue and rally with a new wave. “After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves,” CobraVanguard said. ADA Price Targets CobraVanguard outlines a number of reasons why they believe that the ... read More



Analyst Predicts Cardano (ADA) To Rally By 75% As MVRV Ratio Plummets

    In recent weeks, ADA, the native token of the Cardano network. has drawn much speculation due to a rather turbulent price performance resulting in a decline of 18.77% in the past month. This negative price movement is similar to the majority of the cryptocurrency market following unprecedented massive dips in the price of Bitcoin.  However, despite ADA’s troubles, popular crypto analyst Ali Martinez is backing the coin to pull off a remarkable rebound. Interestingly, Martinez’s prediction comes as the digital asset attempts to find its feet, gaining by 9.92% in the last day, according to data from CoinMarketCap. ADA Tipped To Hit $0.80, Record Yearly High In a post on X on April 19, Ali Martinez shared that ADA may soon record an impressive price surge. Martinez predicted the tenth largest cryptocurrency could soon record a 75% gain due to its MVRV Ratio being lower than -22%. For context, the Market Value to Realized Value (MVRV) ratio is a metric used in crypto technical analysis to assess the valuation of a digital asset relative to its realized value. It is basically used to know if a token is overvalued or undervalued based on its market price compared to the average cost basis of its holders. The last time #Cardano's MVRV Ratio dipped below -22%, $ADA's price soared by over 75%. With the #ADA MVRV Ratio back under -22%, we could see another impressive rebound! pic.twitter.com/ABf0mp4pR4 — Ali (@ali_charts) April 19, 2024   An MVR... read More



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