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ADA

Cardano  

#ADA

ADA Price:
$0.40
Volume:
$0.2 B
All Time High:
$3.09
Market Cap:
$14 B


Circulating Supply:
35,045,020,830
Exchanges:
68
Total Supply:
35,045,020,830
Markets:
250
Max Supply:
45,000,000,000
Pairs:
91



  ADA PRICE


The price of #ADA today is $0.40 USD.

The lowest ADA price for this period was $0, the highest was $0.399, and the current live price for one ADA coin is $0.39857.

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 5.3 years old.


  ADA MARKET CAP


The current market capitalization for Cardano is $13,967,790,485.

Cardano is ranked #8, by market cap (and other factors).


  ADA VOLUME


The trading volume is very large today for #ADA.

Today's 24-hour trading volume across all exchanges for Cardano is $174,118,490.


  ADA SUPPLY


The circulating supply of ADA is 35,045,020,830 coins, which is 78% of the maximum coin supply.

Cardano has a relatively large supply of coins, 288 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 68 crypto exchanges.

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


  ADA RESOURCES


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


  ADA NEWS


Crypto Price Analysis Feb-3: ETH, XRP, ADA, MATIC, and FTM

    This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom. Ethereum (ETH) Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550.  All attempts to break these levels were rejected in the past two weeks. While some altcoins were booking double digits gains (see Fantom below), Ethereum appears to be on a pause. This could also be because money is rotating between different altcoins.  Looking ahead, ETH will eventually break away from this range, and that will set the tone for where the price will go next. The current bias is neutral, and the indicators also give mixed signals. Chart by TradingView Ripple (XRP) Ripple has lost its bullish momentum and could not push higher in the past week. For this reason, the price is at a similar point as seven days ago. Nevertheless, XRP bulls defended the support at 40 cents and could attempt another rally later. The resistance is at 44 cents, and with the weekend approaching (characterized by lower volume), it is unlikely that this level will be tested. At best, XRP could continue to consolidate above the key support.  Looking ahead, it's more likely for the cryptocurrency to continue moving sideways. If the overall market remains bullish, then we could eventually see XRP attempt another rally toward 44 cents. Chart by TradingView Cardano (ADA) Cardano managed to s... read More



Cardano Price Faces Make-or-Break Moment, Can Djed Propel ADA?

    The Cardano price is experiencing a strong year-to-date (YTD) increase of around 62%. Nevertheless, ADA is facing a crucial make-or-break moment in the 1-day chart, which could decide the long-term trend. At press time, the ADA price was at $0.40, registering a slight 1.1% decline over the past 24 hours, with a 5.4% gain for the week. This puts the price just below the critical resistance zone between $0.405 and $0.42 after ADA broke out of a downtrend in mid-January that has lasted since June 2022 (blue line in the chart). The zone between $0.405 and $0.42 served as extremely strong support for the price from May to early October 2022, before the downside break happened on October 10. Since then, support has turned into key resistance. To make matters more complicated, the 200-day EMA is now approaching the top of the resistance zone at $0.42. The 200-day moving average is an indicator that determines the long-term trend of an asset. When the price breaks above the 200-day moving average indicator, it usually signifies a trend reversal and a return to bullish territory. The fact that the 200-day EMA and resistance zone are now coinciding presents the Cardano (ADA) price with a make-or-break moment. If the price can breach this level, ADA bulls could gain the upper hand. If the bulls fail, there could be a retest of support at $0.373 and subsequently the 100-day EMA at $0.348. New Cardano Stablecoin To Drive Price Above Resistance? In addition to a boost from macroeconomic ... read More



Crypto Price Analysis Jan-27: ETH, XRP, ADA, APT, and BNB

    This week, we take a closer look at Ethereum, Ripple, Cardano, Aptos, and Binance Coin. Ethereum (ETH) Ethereum's rally cooled off this week after its price failed to stay above $1,600, booking only a 2% increase. The current trend is leaning bearish on lower timeframes, and a test of the key support at $1,550 appears imminent. Considering the above, it is hard to expect buyers to hold onto the price in the near term as a pullback and correction seem more likely. At best, buyers can aim to defend the key support levels at $1,550 and $1,400. Looking ahead, ETH may enter a low volatility period after such a steep rally. This could turn out to be bullish as long as buyers don't allow the price to fall too low, allowing them to set up a good foundation for the next push higher. Chart by TradingView Ripple (XRP) XRP is found in a similar situation to Ethereum. Its price booked a 4% increase in the past week, but the momentum from the bulls appears to be fading. It appears that market participants are more interested in testing the key support at 40 cents as opposed to challenging the resistance at 44 cents. If buyers fail to hold at $0.40 cents, then this cryptocurrency could quickly fall lower toward the next level of support at $0.36. That would also turn the market sentiment bearish for XRP. Looking ahead, the volatility will likely increase when the levels of support are reached. This means that it's important to remain very cautious. Chart by TradingView Cardano (ADA) Carda... read More



Cardano Adds 50,000 New Wallets As ADA Market Cap Surges

    The Cardano ecosystem has the potential for further growth. The network has grown tremendously in various sectors, including decentralized finance (DeFi) and nonfungible tokens (NFTs). The blockchain has recorded massive adoption over the past months emerging as the third most active blockchain in development activity. According to data from Cardano Blockchain Insights, this blockchain's ecosystem has added more than 50,000 new wallets since the beginning of the year. From 3,842,867 recorded on January 1 to 3,894,735 wallets registered as of January 25, a total of 51,868 wallets were added to the network.  In the past 25 days, an average of 2,075 new wallets have been created daily, indicating a rising interest and activity from potential new investors on the Cardano blockchain. ADA Market Cap Surges Nearly 50% Following the increasing interest from potential buyers, Cardano's (ADA) market capitalization has recorded new monthly highs. From the $8.48 billion seen late last year, the ADA market cap has surged to over $13 billion, up by 43% in the previous 30 days.  The asset has gained traction and recognition from notable firms. Earlier this week, crypto analytics platform StockTwits ranked ADA as the most trending cryptocurrency, surpassing Bitcoin (BTC), which attained the second position below ADA. CoinGecko and Coinmarketcap have ranked ADA as eighth regarding top cryptocurrencies with the highest market capitalization. Alongside its cryptocurrency market cap ... read More



Biggest Movers: ADA Climbs to 11-Week High, as Crypto Markets React to U...

    Cardano raced to an 11-week high on Thursday, as markets reacted to data showing that gross domestic product in the U.S. rose by 2.9%. The token rose by as much as 5% earlier in the day, climbing to its strongest point since November. Monero was also in the green, nearing a key resistance level in the process. Cardano (ADA) Cardano (ADA) rebounded on Thursday, with prices moving to an eleven-week high in the process. Following a low of $0.3537 on Wednesday, ADA/USD rose to an intraday high of $0.3866 earlier today. As a result of this, cardano rose to its strongest point since November 8, which is the last time prices were above $0.4100. Looking at the chart, ADA has moved lower from earlier gains, as traders appear to have taken profits near a ceiling of $0.3875. As of writing, the token is trading at $0.3774, with the 14-day relative strength index (RSI) near a resistance of its own at 74.00. The index, which is currently tracking at 69.22, will likely need to move past the 74.00 point in order for ADA jump over the $0.3875 hurdle. Monero (XMR) In addition to ADA, monero (XMR) also surged earlier in the day, as it edged closer to a key resistance level. XMR/USD moved to a peak of $178.15 earlier in the day, which comes less than a day after falling to a low of $169.84. Today's surge sent monero closer to its long-term resistance level at $180.00, which was last broken on Sunday. As can be seen from the chart, the relative strength index (RSI) is currently hovering below ... read More



Cardano (ADA) Continues To Shine With 15% Gains In the Last Week

    Cardano’s native coin ADA has seen many rallies since the start of this year. The token owes its performance to the improving economic condition in the market and the ongoing developments on the Cardano Network. Over the past seven days, ADA has observed more than a 15% price gain in 7 days and an over 17% 14-day gain. But what are the possible reasons for ADA's impressive performance? What Is Contributing To ADA’s Price Rally? The hype around the upcoming Djed stablecoin launch, among others, has played a part in driving ADA price up over the past weeks in January. According to COTI developers, the network behind the Djed stablecoins, ADA holders would receive extra rewards when they mint Djed by staking their ADA coins. This information might spur users to buy more ADA and could further push the coin price. Also, the Cardano community is anticipating upcoming launches that would enhance the network and Smart Contract capabilities. Furthermore, Cardano has received a new improvement proposal known as CIP-30. This improvement proposal would allow the integration of web-based wallet bridges that would promote interaction between Cardano wallets and Web2 platforms like Amazon. It would allow ADA more use cases and adoptions and ensure increased growth for Cardano, positioning it to meet more market needs. This development could be among the factors fuelling ADA's price gain.  Another new development on the Cardano network that might be fuelling the ADA price r... read More



Crypto Markets Shed $30B as SOL, ADA, ETH, DOGE Retrace by 6%: Market Wa...

    Bitcoin failed at over $23,000 and dipped by several hundred dollars, currently trading below that level. Most altcoins have retraced hard in the past 24 hours, including the recent high-flyers - Cardano, Solana, Polygon, and others. Bitcoin Dips Below $23K Bitcoin broke above its $17,000 nemesis at the start of the second week of the new year and hasn't looked back. The breakout led to more bullish sentiment, and the asset skyrocketed to over $20,000 by the end of that same week. The following one was quite positive as well, with BTC surging to $23,000 by the end of it. This resulted in charting a multi-month high during the weekend at over $23,300. More precisely, this was BTC's highest price tag since mid-September. The cryptocurrency spent the next few days sitting around that level. The past 24 hours, though, have brought some pain for the bulls as BTC slipped to $22,400. It has recovered some ground as of now, but it's still below $23,000. This decline comes amid reports that short-term investors have taken some profits. Its market cap is still below $440 billion, while its dominance over the alts has gone up to 42.6%. BTCUSD. Source: TradingView SOL, ADA, MATIC Drop Hard The altcoins are well in the green in the past few weeks as well, erasing the losses posted after the FTX debacle. Ethereum, for one, pumped from under $1,200 to over $1,650 within this timeframe. Now, though, ETH is below $1,600 after a 5.5% daily decline. Binance Coin fights to remain above $300 as i... read More



Money Leaves ADA, SOL To Small Cap Altcoins, Here's Where It's Headed

    With the crypto market rally, altcoins have benefitted just as much as bitcoin. Digital assets across the space have been able to return to their pre-FTX collapse levels, signaling the start of a bull run. However, as the market begins to settle into this new normal, investors are moving gains around from larger cap assets to take advantage of possible price movement in smaller altcoins. Cycling Out Money To Small Cap Altcoins A recent report from on-chain data aggregation website Santiment shows that investors may be moving money out of larger cap coins such as Cardano and Solana and moving to small cap coins. This paints a picture of a rotation of funds rather than outright pulling money out of the crypto sector. Santiment notes that the large gains recorded by the likes of Solana, Cardano, and Polkadot are now being moved into smaller altcoins. Most of these coins are top 200 and below tokens with market caps lower than $300 million. The cycling of funds into these smaller altcoins is shown by their address activity. The image shared by Santiment shows a significant uptick in the address activities of these coins. Most notably, the uptick was seen from last week as a lot of these larger cap coins hit new local peaks. The small cap coins mentioned in the report are TRADE, RBN, SLP, PLSPAD, POND, MITX, MTH, and CBG. Most of these are coins flying under the radar. Ribbon Finance (RBN) which is the most prominent on the list is only at a $139.7 million market cap but has ri... read More



Biggest Challenge for Cardano Ahead Following 45% Monthly Surge (ADA Pri...

    Cardano's price managed to steadily push higher day after day. But for how long can the bulls keep the rally alive? Key Support levels: $0.36 Key Resistance levels: $0.40 As the price continues its ascend, ADA will face a significant challenge the $0.40, where the expectation is for sellers to make a stand. In the past, this level rejected the price and was followed by a steep correction. This may happen again, and if it does, there is support at $0.36. Chart by TradingView Trading Volume: The volume continues to be high, with strong interest from buyers in the past week. RSI: The RSI is sitting above 80 points, placing it in the overbought area. Nevertheless, this is also a signal of strong bullish momentum. MACD: The daily MACD is bullish, but the histogram is falling, which shows buyers are becoming weaker with time. This could be exploited by bears once the price hits the key resistance. Chart by TradingView Bias The bias for ADA is bullish. Short-Term Prediction for ADA Price ADA has successfully passed several key resistance levels at $0.30 and $0.36, which are now acting as support. However, the biggest test is still ahead, and it would be interesting to see if ADA will break above $0.40 after such a rally. The post Biggest Challenge for Cardano Ahead Following 45% Monthly Surge (ADA Price Analysis) appeared first on CryptoPotato. read More



Cardano (ADA) Appears In Top Trending Crypto List, Surpassing BTC

    Weeks have gone by, and the crypto market is still seeing a bullish trend, and the dubbed ‘mini bull run’ for the ongoing market movement is beginning to look more prominent. Altcoins such as Cardano (ADA) have moved significantly in price breaking multiple resistance and climbing higher highs while ignoring a retrace.  In today’s news, ADA has once again proven its potential to be small but mighty as the token appeared in the top trending crypto list on the crypto analytics platform StockTwits, surpassing Bitcoin (BTC), which comes second below ADA.  ADA Obtains First Position In Top Trending Crypto List  In a series of tweets shared by StockTwits, the crypto analytics platform ranked ADA as the most trending cryptocurrency on the platform, noting; “Cardano is also trending #1 on Stocktwits!.” At the time, ADA had a trading price of $0.3774, up by 11%, and a change of $0.0382. Aside from its position on StockTwits, ADA still appears to have significant potential as it still ranks higher on other platforms such CoinGecko and Coinmarketcap, competing with the other big dogs like Bitcoin (BTC), Ethereum (ETH), and the rest. CoinGecko and Coinmarketcap rank ADA as the eighth cryptocurrency with the highest market capitalization, having a 1.2% dominance in the global crypto market cap. Notably, ranking second below ADA on StockTwits was BTC having a trading price of $23,195, up by 8.47% at the time, with a change of $1,810.42. Other c... read More



Cardano Network Recovers After Brief Outage Triggered by 'Transient Anom...

    The Cardano network suffered a brief outrage on Sunday between blocks 8300569 and 8300570. Stake pool operator Rick McCracken shed more light on the matter and assured the community that the entire network did not go down. He said that an 'anomaly' caused nearly 50% of nodes to disconnect and restart. According to McCracken's latest tweet, the Cardano network saw a period of degradation, but almost all the impacted nodes had 'gracefully' recovered. The response comes after several devs flagged an error on GitHub. This affected block production, which slowed down for a few minutes. All nodes, however, restarted automatically. The Telegram SPO for Input Output Global (IOG), the engineering and research team behind the Cardano blockchain, explained, 'This appears to have been triggered by a transient anomaly causing one of the two reactions in the node; some disconnected from a peer, and others threw an exception and restarted. Such transient issues (even if they were to affect all nodes) were considered in the design of the Cardano node and consensus. The systems behaved exactly as expected.' IOG further said the impact was low and only affected relay and block-producing nodes. Edge nodes, on the other hand, appeared to function normally. Solana suffered multiple cases of outages last year, with the worst one lasting up to 48 hours. The outages were concerning enough for a protocol that also witnessed overloads and was the most impacted due to its significant exposure to Sam... read More



Ethereum and Cardano Record Highest Level of Developer Activity in 2022:...

    Ethereum and Cardano have always been at loggerheads. The two blockchain network's development activity has been pitted against each other even before the former's transition to Proof-of-Stake (PoS). Needless to say, Ethereum and Cardano went on to become the blockchains with the most active developers in 2022, with 223 and 151 average daily devs throughout the year. According to the latest report by DappRadar, Ethereum saw the smallest decrease of 9.37% in active developers and managed to retain its dominance. Cardano's developer count declined by 26.47% from the previous year. Developer activity indicates the blockchain's health and growth. As explained by DappRadar, the metric gives an insight into the level of interest and engagement by devs, which is crucial 'for the development of new features, increased security, network effects, innovation, and thus, adoption.' Apart from the established players, three modular blockchains, namely Polkadot, Kusama, and Cosmos, completed the top 5. The developer activity in Polkadot and Kusama increased by 16,06% and 12,80%, respectively, attracting 129 daily active devs on average. Cosmos, on the other hand, recorded 117 average daily developers. Meanwhile, Solana and Internet Computer (ICP) saw the most significant increase in active devs in 2022. Since the previous year, the two blockchain networks surged by 1,320% and 1,050%, respectively. The report also stated that Solana looks promising despite being the most impacted in the FTX... read More



Biggest Movers: SOL up 20%, ADA Hits Highest Point Since November

    Solana rose by as much as 20% Saturday, as crypto markets came alive to start the weekend. The token hit a 12-week high in today's session, breaking out of a key price ceiling in the process. Cardano also rose to its strongest point since November, with the global cryptocurrency market cap up 6.86% as of writing.Solana (SOL) Solana (SOL), was one of Saturday's notable gainers, as the token rose by as much as 20% in today's session. SOL/USD hit a high of $26.41 to start the weekend, which follows on from Friday's low at $21.27. As a result of this move, solana broke out of a key resistance level of $25.00, hitting its strongest point since November 8 in the process. Looking at the chart, the 14-day relative strength index (RSI) also broke out of a ceiling of its own at the 73.00 mark. As of writing, the index is tracking at 73.84, with the next visible resistance at the 81.00 zone. If bulls were to collide with this wall, then it is likely that solana could move above the $30.00 point. Cardano (ADA) Another big mover on the weekend was cardano (ADA), which also moved to its strongest point since November. Following a low of $0.3364 on Saturday, ADA/USD raced to an intraday peak of $0.3726 earlier today. This surge saw cardano jump to its strongest point in the past 12 weeks, breaking out of a resistance of $0.3650 in the process. As can be seen on the chart, the move took price strength to a ceiling of 73.00, however, it has so far failed to overcome this hurdle. Due to thi... read More



XRP Vs. Cardano (ADA), Which Is The Better Investment In 2023?

    Cardano (ADA) and XRP are popular entry-level investments in the crypto market due to their low prices below $1. But what are the prospects for both altcoins in 2023? We'll take a look at the fundamentals as well as the technical analysis perspective. XRP Prediction 2023 The success of the XRP price this year could largely depend on the outcome of the court case between Ripple and the U.S. Securities and Exchange Commission (SEC). If Ripple manages to leave the courtroom as the winner, the price could skyrocket. According to current projections, including from Ripple's legal counsel Stuart Alderoty, the trial could likely end in the second quarter of 2023. A Ripple victory could trigger a reverse effect on the XRP price as of December 2020. The week the SEC filed its lawsuit, the XRP price fell a whopping -72% in seven days. The price crashed from $0.60 to $0.17. Compared to Bitcoin and Ethereum, XRP still shows a massive undervaluation since the event. While BTC and ETH are 69% and 68% down from their all-time highs, respectively, the current XRP price is 88% below its all-time high of $3.40. Thus, XRP bulls will be eager to make up for this shortfall. A Ripple victory could reactivate old and new partnerships. During the Ripple Swell conference in November, CEO Brad Garlinghouse revealed that U.S. banks and companies are in the pipeline as partners once the court case is out of the way, as Bitcoinist reported. Garlinghouse said, among other things: 'Bank of America is a hu... read More



BTC, ETH, DOGE, and ADA Are Undervalued, Report Indicates

    Despite the increase in market capitalization, which shows investors might be returning, big large caps are still deemed undervalued. In a tweet posted today by blockchain intelligence firm Santiment citing the MVRV Z-score, Binance coin (BNB) is the only overvalued crypto amongst tokens with a large market cap. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Shiba Inu (SHIB), Uniswap (UNI), and Chainlink (LINK) are very much still undervalued. Price Outlook On BTC, ETH, And Undervalued Large Caps Santiment reported that BTC, ETH, XRP, ADA, DOGE, MATIC, SHIB, UNI, and LINK are undervalued. At the time of writing, both cryptos are up 2% in the last hour, with BTC 24-hour trading volume exceeding $39 billion and ETH surpassing $6 billion. Other large caps like XRP and ADA have also seen significant movement in price to the upside over the past weeks. With XRP up 15% in the last 14 days and ADA up 25% over the same period. Notably, this is not ADA's first time appearing on Santiment's undervalued crypto list. Last month, the crypto analytics platform shared an analysis indicating that the Cardano native token was undervalued regardless of the aggressive accumulation from Sharks and Whales holding at least 100k to 10 million ADA tokens. Memecoins, such as DOGE, and SHIB, weren't left out of the global rally as both did 13% and 35%, respectively, over the past 14 days. MATIC, UNI, and LINK have also printed bullish trends over the pa... read More



Crypto Price Analysis Jan-20: ETH, XRP, ADA, SOL, and DOT

    This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polkadot. Ethereum (ETH) Ethereum managed to book a 9.5% increase in the past seven days despite this most recent pullback. However, buyers are now on the defensive because the price broke below the parabola that was formed in early January. This indicates that sellers may soon take over. Whenever a parabola is broken, that signals a change. In this case, Ethereum managed to reach $1,600 before sellers returned. This key resistance seems likely to hold in the near future since buyers appear to have lost their momentum. Looking ahead, a retest of the support found at $1,400 seems probable. This would constitute a healthy pullback and an expected move, considering the parabolic increase in the price during most of January. Chart by TradingView Ripple (XRP) XRP tried to break above the key resistance at 40 cents but failed. While the price did manage to register a 4% weekly increase, this was not enough to put bulls back in charge. For this reason, the cryptocurrency may hover under the key resistance and consolidate in the near term. XRP appears to be entering into a flat trend where both bulls and bears trade places in controlling the price action. With good support at 36 cents, it could continue to bounce between the key levels for some time until a decisive breakout. Looking ahead, the bias for this cryptocurrency leans bullish on higher timeframes (weekly), and this cooldown may be a temporary stop.... read More



Rick McCracken Predicts Mainnet Launch For Djed, A Cardano Stablecoin

    Based on a discovery from a new stablecoin test of Cardano, Rick McCracken has predicted a close launch date for Djed mainnet. Rick McCracken, the owner of the ADA staking pool, DIGI, and also a Cardano supporter, did not hesitate to make his findings and prediction known via his Twitter handle. Recall there was an announcement earlier on Djed’s official Twitter handle on January 14, affirming that the stablecoin’s launch this month remains on track. Furthermore, as per COTI Network’s announcement on January 5, the soon-to-launch stablecoin bagged a new partnership with Yepple Incorporated. The partnership aims to ensure optimal usage of Djed in the Cardano ecosystem. It would also promote the integration of the payment for NFT transactions using Djed. Djed To Go Live Along With New Stablecoin Payment App, DjedPay Djed is Cardano’s first ADA-backed stablecoin powered by COTI Network. It is an over-centralized stablecoin with a collateral rate between 400-800%, according to the description on adapulse.io. According to the CEO of the COTI Network, Shahaf Bar-Geffen, in addition to ADA backing, Djed will also have another token to protect it against exposure to ADA's volatility. SHEN would act as the stablecoin’s reserve currency, maintaining its price stability to ensure the 400-800% collateral guarantee against price fluctuations. The stablecoin’s testnet version was initially launched in December 2022. Djed's official website revealed that... read More



Cardano Leads Development With Unique Sidechains And Toolkits

    This month, the Cardano ecosystem team is getting ready to release a software toolkit that will let developers build their own sidechains. On January 12, Input Output Global (IOG), a blockchain engineering firm created by Charles Hoskinson and formerly known as Input Output Hong Kong (IOHK), made the announcement. The official technical documentation for the sidechain toolkit was also released in the announcement. Great move by @InputOutputHK I believe this help spread the usage of Sidechains for Cardano which is a good strategy if it evolves to use mithril / state proofs As a core contributor to @Milkomeda_com we will continue to lead and hopefully support others to join https://t.co/auqp2TkEg1 — nicoarq (@NicoArqueros) January 12, 2023 As a 'proof-of-concept,' IOG developers have already used the toolkit to build an Ethereum Virtual Machine (EVM)-compatible sidechain public testnet. Once the audit is complete, developers will be able to deploy decentralized applications, create smart contracts, and transfer tokens between testing chains. In addition to other application-specific capabilities, the toolkit will permit sidechain developers to select their consensus process. Mainnet Growth The IOG developers have also revealed that they have used the toolkit to build a proof of concept on a public testnet that is compatible with the EVM sidechain. Moreover, once the audit is complete, developers can launch dApps and smart contracts and transfer tokens between different ... read More



Crypto Price Analysis Jan-13: ETH, XRP, ADA, BNB, and SOL

    This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana Ethereum (ETH) With a spectacular start in 2023, Ethereum continued its rally and booked a 12.7% increase in the past seven days. This brings the price closer to $1,500, which is also going to act as a key resistance. The bulls are in full control of the price action, but they may run out of steam at this rate. It is very hard to know when this rally will take a break, but a pullback becomes more likely the higher the price moves. The current support is found at $1,300. Looking ahead, ETH remains bullish, and if the buying volume continues to increase, then we could see it move even higher in the coming week. Chart by TradingView Ripple (XRP) XRP is not far behind Ethereum, with a 10% price increase in the past week. This uptrend looks solid, and there is still space until the key resistance at $0.40. This gives the bulls room to maneuver in the coming days. The current support is found at $0.36, and with the price making higher highs, optimism is building up in the market. The RSI indicator is not yet overbought on the daily timeframe, which supports further increases in the price. Having managed to narrowly avoid a lower low in early January compared to June 2022, this cryptocurrency could end up forming a double bottom. To confirm this scenario, the price would have to move above 42 cents. The current outlook is positive, but XRP may struggle as it approaches the key resistance. Chart b... read More



Cardano Launches Toolkit for Custom Sidechain Creation

    The firm behind the Cardano blockchain has been developing a set of tools to enable the creation of sidechains, with the first already deployed as a public testnet. On Jan. 12, IOG stated that the team has constructed an Ethereum virtual machine (EVM)-compatible sidechain as a proof of concept. “Sidechains make Cardano extensible and more scalable without compromising the stability or security of the main chain,” the blog post explained. The #Cardano sidechain toolkit was previewed at #IOScotFest, and we’re happy to share the first iteration is out now. Here’s the lowdown on this exciting new project! https://t.co/Ny9tQuJh5K — Input Output (@InputOutputHK) January 12, 2023 Cardano Keeps Building Using the new toolkit, anyone can leverage the properties of Cardano infrastructure to build their own sidechain. In essence, it appears very similar to how Polkadot operates with custom sidechains. The toolkit allows the sidechain to have its own consensus algorithm and features, it stated. It is connected to the root chain through a bridge that allows cross-chain transfers, and block finality is derived through main chain consensus mechanisms. The toolkit is comprised of three primary components. These are main-chain Plutus scripts leveraging the Cardano programming language, a chain follower tracking the main-chain data and events that govern the sidechain, and the sidechain module, which interprets primary chain data and implements the necessary le... read More



Vital Levels To Keep Eye On As Cardano Price Begins To Retreat

    The Cardano price has rallied significantly over the past week and secured more than a 24% gain. Over the last 24 hours, the coin slipped 2%, indicating that it could not sustain its weekly gains. Following a significant price increase, the technical outlook indicates that the altcoin's price will trend lower. This correction might continue over the subsequent trading sessions; however, the ADA daily chart has pointed towards a bullish pattern. This translates to the reading that ADA could attempt to rise on its chart after a brief retracement. As Bitcoin continues to post appreciation in the last 24 hours, many altcoins are attempting to rise on their charts, but some altcoins are also struggling under their crucial resistance levels. The accumulation of Cardano took a dip on the daily chart, indicating a fall in demand for the altcoin. This fall in demand is a result of the Cardano price correcting itself. Despite a fall in demand, buyers continued to have the upper hand. The market capitalization of Cardano increased, indicating that the bulls were still around. For Cardano to stop its downward movement, the coin has to sustain itself above the $0.28 price line. Cardano Price Analysis: One-Day Chart ADA was trading at $0.30 at press time. The coin recently fell from the $0.31 mark due to the daily loss on its chart. Overhead resistance for the Cardano price was at $0.33; a move above will help ADA recover significantly. On the other hand, ADA has to remain above the imme... read More



Cardano Up 30% Since December As 28 New Whales Hold At least 1 Million A...

    Though Cardano (ADA) has been gaining traction for a while, the recent accumulated momentum has garnered active buys as data shows the rising accumulation of ADA. ADA's movement to the upside since last December totaled 30%, as new whales have been reported to be holding at least 1 million ADA tokens in these past few weeks amid the mini bull run. Regardless of the bear market, Cardano has proved to be a token worth holding both with its utilities and the recent positive news that includes the rapidly growing DeFi and NFT ecosystem of the Cardano Blockchain.  Cardano Rally Since December  Late last year, ADA gained traction and purchases from whales. According to crypto analytics platform Santiment, ADA has jumped an impressive 30% in its value since December 30th.  Twenty-eight new whale addresses holding at least 1 million ADA have appeared on the Cardano blockchain since the price surge began, indicating an aggressive asset accumulation from large investors.  In addition, Santiment mentioned that alongside the token’s upward rally, ADA trading volume and amount of large whale transactions hit 2-month high crushing levels last seen in November.  Notably, ADA has been down by nearly 90% from its all-time high of $3.09. This recent accumulation resulting in a rally in its price could be what the token needs to recover. In the last 7 days alone, ADA has been up by 25%. Alongside the whole crypto market, ADA has taken advantage of the mini bull ... read More



Biggest Movers: SOL up 22% as ADA Hits Highest Point Since November

    Solana surged by as much as 22% on Monday, as bullish sentiment returned to cryptocurrency markets. The move saw the token climb to its highest point since November, when it was embroiled in the FTX collapse. Cardano also moved higher to start the week, climbing by nearly 13%.Solana (SOL) Solana (SOL) was one of Monday's big movers, as prices of the token rose by as much as 22%. SOL/USD surged to an intraday high of $16.62 to start the week, which comes less than 24 hours after trading at a low of $13.47. Today's rise in price pushed SOL to its strongest point since November 12, days after the token plummeted, after being exposed to the FTX/Alameda scandal. From the chart, Monday's rally came following a breakout of a key resistance level at the $15.00 mark. As a result of this, the 14-day relative strength index (RSI) has risen to 73.26, which is its strongest point since April. Due to prices now being relatively overbought, there is a strong possibility that there could be a reversal in momentum in the coming days. Cardano (ADA) Cardano (ADA) was another notable gainer to start the week, with the token climbing for a second straight day. Following a low of $0.2865 on Sunday, ADA/USD hit a high of $0.3409 earlier in today's session. Like with solana, this move saw cardano hit its highest mark since November, and came after a breakout of a ceiling at $0.3250. Looking at the chart, as a result of today's rally, the 14-day RSI rose to a level not seen since September 2021. D... read More



Cardano Follows Bullish Sentiment, Why ADA Could Become Top 3 Coin

    Cardano (ADA) follows the market's general sentiment and records positive price action on a low timeframe. The cryptocurrency has been trading heavily since the sector took another dive into its current levels, but there is light at the of the tunnel. Cardano (ADA) trades at $0.32, with a 12% rally in the last 24 hours. Over the previous week, the token records a 29% profit and stands as the best-performing crypto asset for this period. Other cryptocurrencies in the top 10 are seeing similar price action.  Cardano Will Take Over Higher Spots In Top 10 By Market Cap According to a pseudonym Cardano bull, the cryptocurrency is underpriced. The token has suffered along with other risks on assets due to tighter macroeconomic conditions. Despite the downside trend, ADA remained one of the largest cryptocurrencies by market capitalization.  Cardano first entered this ranking in late 2021, at the high of the previous crypto bullish cycle. At that time, the company behind its development introduced a series of improvements and rollout smart contract capabilities on the platform.  These improvements made Cardano compatible with decentralized finance (DeFi) applications and took it to the top of several metrics, including monthly contributions from developers. The ADA ecosystem bloomed.  Two weeks ago, as NewsBTC reported, there was another spike in Cardano's on-chain activity. These metrics support ADA's bullish thesis as they hint at seller exhaustion following ... read More



Three Possible Reasons Why Cardano Skyrocketed 30% in 7 Days

    Cardano's price has been on fire throughout the past week. The cryptocurrency managed to increase by a whopping 30% during that time. Even though this is true for most of the market, ADA is still the best performer from the top 10 coins by means of total capitalization. And while Charles Hoskinson recently revealed that his new healthcare facility will be up and running in a month and also accept ADA as a payment method, let's have a look at three more realistic and possible reasons for this rally. Total Value Locked in Cardano Soars The first metric to consider is the TVL (Total Value Locked) in various protocols operating on the Cardano blockchain. Data from the popular analytics resource, DeFi Llama, reveals that the TVL soared by almost 40% since the beginning of 2023. At the time of this writing, it sits at around $67.29 million, with Minswap holding the lion's share of it with more than $27 million. It's also worth noting that most of the increase came in the past 24 hours as well when the TVL shot up by around 20%. Source: DeFi Llama DeFi Trading Volume Skyrockets Another important metric to take a look at is the total transactional volume on Cardano-based DeFi protocols. Once again, in 2023, it has been increasing substantially. For the past seven days alone, the transaction volume increased by some 57%, whereas Minswap alone experienced an increase of around 76%. It's also the market leader, as somewhat expected. Source: DeFi Llama It's also worth noting that the tra... read More



ADA Skyrockets 16% Daily, Here's the Next Major Target (Cardano Price An...

    Cardano's price increased by a whopping 30% in the past seven days, charting the majority of these gains in the last 24 hours. Key Support levels: $0.30, $0.24Key Resistance levels: $0.34, $0.38 Cardano did not disappoint and started this week with a massive rally booking, a 16% price increase in the past 24h. In the process, ADA turned the $0.30 resistance into support. This pushed the price all the way to $0.34, which will likely be a difficult level to break. At the time of this post, the bears have managed to reject the price at the key resistance. It remains to be seen if the rally will sustain. Chart by TradingView Trading Volume: The volume exploded during this rally, reaching levels not seen since November 2022. RSI: Surprisingly, the daily RSI is in the overbought territory at 73 points. This signals a strong bullish momentum. MACD: The daily MACD is bullish, and the histogram is making higher highs. So long as this continues, the bias would remain  positive. Chart by TradingView Bias The bias for ADA is bullish. Short-Term Prediction for ADA Price The biggest challenge for ADA is to break above the $0.34 resistance level. If successful, then it could quickly approach 38 cents, where it will likely face another pushback from bears. The support at $0.30 is the first barrier to halt any selling pressure, should it come. The post ADA Skyrockets 16% Daily, Here's the Next Major Target (Cardano Price Analysis) appeared first on CryptoPotato. read More



Cardano (ADA) Up Nearly 20%, Aiming For A Higher High?

    After weeks of stagnancy and falling to new lows, the crypto market has been in a bullish trend in the past few days. Alongside it is Cardano (ADA) following suit in the same direction of the upward movement.  ADA has spiked by over 15% in the last 24 hours, following the coin's recent cheerful news, including the DeFi TVL tapping a two-month high and the co-founder Charles Hokingson announcing an upcoming launch of a hospital that will accept ADA as a payment method in February.  Cardano (ADA) Rally In The Past Weeks  The ending of last year brought some not-so-confident positivity to ADA traders; the coin was bleeding red regardless of the positive news. However, over the past few weeks, Cardano has been printing a bullish trend, and looking at the chart, there was evidence of some accumulation of liquidity. Even market analytics platform Santiment reported at the end of December that ADA was undervalued, given the indicated whale accumulation and bear exhaustion. Sentiment noted sharks and whales hold 100,000 to 10 million ADA and are still actively accumulating. ADA began the year with a trading price of about $0.24, and following its rally to the upside a few days ago, ADA climbed above $0.3 by last week Monday, spiked to $0.34, and currently trades at $0.3283.  The weekend was warming up the process of the nearly 20% spike, which happened today. Yesterday saw ADA taking all the liquidity on the upside and climbing over every higher high. Though it'... read More



Cardano (ADA) Skyrockets 17%, Bitcoin Breaks $17K After 1 Month: Market ...

    After weeks and weeks of failing under $17,000, bitcoin finally initiated an impressive leg up that took it well beyond that line. The alternative coins have also posted notable gains on a daily scale, led by Cardano, Solana, ApeCoin, and ATOM. Bitcoin Back Above $17K The start of the year brought some minor positivity to the BTC bulls as the asset overcame $16,500 and added a few hundred dollars in the first few days. The trend continued until it faced $17,000 on Wednesday and Friday. Both attempts were followed by rejections that pushed bitcoin south. The weekend was calmer as BTC had recovered some ground and stood inches away from $17,000. The bulls finally have something to cheer for as of now, as bitcoin broke above this coveted level hours ago. The leg-up pushed the cryptocurrency to a four-week high of just over $17,250. This has pushed BTC's market capitalization to a local peak of above $330 billion. However, bitcoin's dominance over the altcoins has taken a serious hit and is down to 39.1%, as most of them have outperformed it in the past 24 hours. BTCUSD. Source: TradingView SOL, ADA Shoot Up The alternative coins were untypically stagnant in the past few weeks as well, apart from a few exceptions. Today, though, the landscape is entirely different. The two larger-cap alts at the forefront of the market run are Solana and Cardano. The former has been performing rather well since the start of the year, and a 21% surge in the past 24 hours alone has taken it to a lo... read More



Charles Hoskinson's New Hospital Will Accept Cardano (ADA) for Payments

    Cardano founder Charles Hoskinson has announced the launch of his new hospital called 'Hoskinson Health & Wellness Clinic,' which will allow customers to pay for medical services using ADA, the native token of the Cardano ecosystem. Announcing the development a few days ago, Hoskinson said the hospital would be open for business by February 2023. However, the Cardano founder did not reveal whether his new medical center will accept other major crypto assets such as bitcoin (BTC) and ether (ETH). Charles Hoskinson Launches New Hospital Hoskinson shared the update in response to one of his Twitter followers who asked if they could pay their bills at the newly-launched clinic using ADA. The Cardano founder replied with a 'Yes.' Next Month, open for business pic.twitter.com/yj2pHqLdpl — Charles Hoskinson (@IOHK_Charles) January 6, 2023 According to the hospital's website, Hoskinson Health & Wellness Clinic is based in Wyoming, United States. The hospital offers its clients a wide range of medical services, including primary care, mental health care, women's health, proactive health screenings, cancer screenings, diet/nutritional medicine, and cardiovascular care. The medical facility also focuses on life extensions for aging patients, biological food supplements, diets, exercise, and medical treatment, The clinic is partly open and will be fully operational next month. According to the company's LinkedIn page, the hospital currently has around ten staff members and is loo... read More



Cardano Whales Start 2023 With Accumulation Trend That Could Be Bullish ...

    Cardano (ADA) has seen some pretty tragic price action in the last couple of months, which has dragged its price down toward two-year lows. It still continues to maintain this downtrend and is barely moving, just like the rest of the crypto market, but some developments among large ADA investors could see some bullish momentum for the digital asset. Cardano Whales Begin Accumulating In New Year Toward the end of 2022 when momentum in the crypt market was dropping, there had been some selling from large ADA investors. This was not out of the ordinary as the holidays have historically triggered selling and profit-taking.  Cardano whales had sold over 569 million ADA during this time. The result was more selling pressure on the digital asset that dragged its price down below $0.25, making its lowest price point since early 2021. As Santiment notes, this saw the total holdings of investors holding between 1 million and 100 million ADA on their balances drop drastically just as 2022 drew to a close. However, this investor class seems to have entered the new year with renewed vigor as they have already begun buying back the tokens they had dumped. The report shows that in the first five days of 2023, these large investors have already added more than 217 million ADA to their stash. This brought the percentage of supply that they now hold back up to the 57.22% level, not the highest it’s ever been, but certainly an encouraging figure. ADA Enjoys The Spoils Of Accumulat... read More



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