|All Time High:|
|Market Cap: |
|The price of #ADA today is $0.43 USD.|
The lowest ADA price for this period was $0, the highest was $0.431, and the current live price for one ADA coin is $0.43089.
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 BTC and how the supply of ADA affects the price at different market capitalizations.
|The code for Cardano is #ADA. |
Cardano is 5 years old.
|The current market capitalization for Cardano is $14,884,357,921.|
Cardano is ranked #8 out of all coins, by market cap (and other factors).
|There is a very large daily trading volume on #ADA.|
Today's 24-hour trading volume across all exchanges for Cardano is $340,964,778.
|The circulating supply of ADA is 34,543,240,026 coins, which is 77% of the maximum coin supply.|
Relatively, Cardano has a large supply of coins, 1,570 times larger than Bitcoin's supply, for example.
|ADA is the native coin for the Cardano blockchain.|
View the full list of Cardano blockchain tokens.
|ADA is well integrated with many pairings with other cryptocurrencies and is listed on at least 71 crypto exchanges.|
View #ADA trading pairs and crypto exchanges that currently support #ADA purchase.
More Cardano (#ADA) News
|Cardano: These Factors Have A Negative Impact On ADA Price
Cardano is said to be designed in such a way that it performs better than Ethereum when it comes to running smart contracts.
Cardano has now lost 86.2% of its $3.09 all-time high
ADA still remains as the 8th largest crypto by market capitalization
$1 trading price remains a big challenge for Cardano
After all, Charles Hoskinson, the founder of the ADA network, was one of the developers of the network of what is widely recognized as the “king of all altcoins.”
Hoskinson made sure the work he has done with Cardano was better, enhancing its smart contract performance.
But even that improvement seems to fall short in helping the digital currency grow, as its price continues to hover around low levels.
A look at data from Coingecko reveals ADA changing hands at $0.42, being down by 4.3% for the past week.
Despite that, it still belongs to the top 10 cryptocurrencies in terms of market capitalization, ranking 8th with its value of over $14.4 billion.
Cardano In Recurring Price Pattern
The ADA/USDT technical chart provides better insight about the price movement of Cardano, which appears to be in a recurring pattern.
There is a descending triangle pattern in the daily time frame for the asset in which its price has resonating response for the past four months.
The $0.417 support level, which was already tested three times, appears to be crucial point for ADA for its failure will mean a steep fall for the asset’s trading price.
Within the observed triangle, th...
|Cardano (ADA) Is About To Die and Turn into A 'Zombiechain,' Ethereum Ma...
Cardano (ADA), the 8th ranked crypto asset in terms of market capitalization, remains in the red as it loses 6.3% of its value in the last seven days.
Cardano lost more than 6% of its value for the past week
UniSwap surpassed ADA in terms of daily average transactions
Positivity remains among crypto enthusiasts for Cardano
As of this writing, according to Coingecko, the asset is trading at $0.43 but still remains one of the top 10 digital assets thanks to its market capitalization which stands at almost $14.7 billion.
They hefty market cap, however, is not enough to fend off some negative criticisms and projections about the crypto created by the Hong Kong Input-Output (IOHK) led by Ethereum co-founder Charles Hoskinson.
In fact, Evan Van Ness, a well-known die-hard fan and Ethereum maximalist, claims the token is already at death’s door and will soon turn into a “zombiechain.”
Let's check in on the $ADA zombiechain
Not only does Cardano do less than one transaction per second...
Uniswap does substantially more transactions than Cardano pic.twitter.com/wg0fNoFPck
— Evan Van Ness (@evan_van_ness) September 29, 2022
ADA Losing Steam
Aside from his belief that Ethereum is the best crypto out there, Ness has some alarming information regarding Cardano which could spell its immediate future.
ADA’s network is currently living at an incredibly low transaction count of less than one per second. That’s lesser than other assets with lower market ...
|Cardano Price Misses Fireworks On Its Birthday, How Far Will ADA Fall?
The Cardano price has followed the general sentiment across the market and traded to the downside over the past week. The cryptocurrency lost its spot as one of the valuables in the crypto top 10 by market capitalization and could be poised to see further losses.
At the time of writing, the Cardano price trades at $0.43 with a 6% loss and 2% loss over the last 24 hours and 7 days, respectively. As ADA trades to the downside, some major cryptocurrencies have been able to score profits and are showing strength against the general market sentiment.
Charles Hoskinson Celebrates, While The Cardano Price Stalls
The Cardano price weakness is more evident as the cryptocurrency failed to react to recent events that were prompting bullish expectations for market participants. First, is the Ethereum “Merge”, the event that completed its transition to Proof-of-Stake (PoS).
“The Merge” failed to provide bullish momentum for PoS cryptocurrencies, such as Cardano. In step, Proof-of-Work (PoW), such as Ravencoin (RVN) and Ethereum Classic (ETC), benefited from the anticipated post-Merge rally.
In addition, the Cardano network was preparing to deploy a major update on its mainnet via a Hard Fork Combinator (HFC) event called “Vasil”. One of its most important milestones since the implementation of smart contract capabilities with HFC “Alonzo”, the recent upgrade was overlooked by market participants.
Across social media, the Cardano community ...
|Cardano Price Fails To Pierce Through $0.48 As Bears Continue To Dominat...
Cardano price has been consolidating on its chart at the time of writing. Over the past day, ADA moved down by 0.6%, indicating that the altcoin was rangebound.
In the past week, Cardano price has depreciated by 3%.
The bulls had helped the coin to soar close to the $0.46 level as demand for the coin returned briefly on the chart.
There has been rigid resistance to the altcoin at the $0.48 price mark. The technical outlook of the Cardano price has remained bearish as selling strength mounted on the chart.
The support zone for the coin stood between $0.44 and $0.40 on the chart. If buying strength returns, the coin may try to move close to $0.46 before attempting $0.48.
At the present time, ADA is trading 86% lower than its all-time high. With increased and sustained demand, ADA should be able to manage to move above $0.48, which could cause the altcoin to invalidate its bearish thesis.
Cardano Price Analysis: One Day Chart
Cardano was priced at $0.44 on the one-day chart | Source: ADAUSD on TradingView
ADA was trading at $0.44 at the time of writing. The bulls had stuck around for Cardano price to touch the $0.46 mark.
The bulls were rejected soon after that. Overhead resistance for ADA was at $0.48, following which the coin might encounter another price ceiling at $0.52 before unleashing the bulls again.
On the other hand, the nearest price floor for Cardano was $0.41. Falling below that level will only strengthen the power of the bears.
The amount of Cardano traded in the l...
|Cardano Founder And ETH Dev Get Into A Tussle of Word On Twitter
Twitter threads from last week reveal a series of heated arguments between Cardano founder and Ethereum’s co-founder, and Vitalik Buterin.
Amid several backlashes caused by lapses in the Ethereum Upgrade, the co-founders argue over the execution of the POS consensus mechanism. A lot has transpired within the past days after the Ethereum upgrade. Also, there are more like the Shanghai upgrade to come.
On Saturday, 24 September, Evan Van Ness, a Web3 investor, expressed his opinion regarding the Ethereum merge. Van asserted that the last ten days after the merge are evidence the merge should have happened earlier.
Buterin seeing Van Ness's tweet, agreed with him, saying they should have implemented an NXT-like chain based on POS.
Charles Hoskinson Claims Ethereum POS Is a Bad Design
Hoskinson joined the Buterin-Van Ness conversation, saying there should be a Snow White protocol to ensure faster POS migration. Hoskinson’s opinion didn't go well with the others, which resulted in an argument between him, Van Ness, and other Ethereum developers.
Snow White is a protocol that provides end-to-end proof of security for POS systems. Hoskinson has been an advocate of Snow White for many years. Hoskinson claimed his idea for the Ethereum network's technical upgrade in 2014 was better than the present upgrade.
Van Ness recalled that Hoskinson got removed from Ethereum due to his bad behavior and lack of notable technical contributions. Hoskinson accused Ethereum developers o...
|Cardano Price Surges, Will The Bulls Hold The Recovery?
Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn't positive as it lost most of the gains in the week.
Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways.
The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks.
Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing.
The support zone for Cardano price rests between $0.44 and $0.40, respectively. Cardano has been one of the altcoins that have moved against the tide.
Bitcoin, however, showed signs of appreciation over the last 24 hours. ADA bulls can quickly fade out if the coin's buying strength doesn't move into the positive zone.
Cardano Price Analysis: One Day Chart
Cardano was priced at $0.46 on the one-day chart | Source: ADAUSD on TradingView
ADA was trading at $0.46 at the time of writing. Over the last 24 hours, the coin broke past one of its resistance levels.
The immediate resistance mark for Cardano was $0.49. If the bulls manage to topple over the $0.49 price level, then the bulls can stay put for a longer time.
If buyers don't come forward, Cardano price will fall to $0.43 and then below the $0.40 mark.
The amount of the altcoin traded in the past session declined, despite a rise in buying strength. Th...
|Cardano (ADA) Price Reacts Poorly To Vasil Hard Fork
The Cardano Vasil hard fork had been expected for months, and finally, it is a reality. The hard fork had proceeded according to schedule, and by Thursday, September 22nd, the hard fork was live on the network. It was received amid much fanfare from the community, but the network’s native token, ADA, had not reacted as well.
Cardano Vasil Hard Fork Completed
The Cardano Vasil hard fork was targeted toward making the network more efficient than it is already. In turn, this would make it a better platform for developers to build upon. It is the most important upgrade that has been carried out on the blockchain, and its completion is a call for celebration for the community.
With the upgrade, the already inexpensive transaction fees of the Cardano blockchain will become even cheaper. It adds more space, which increases the size of each block, making it able to save higher amounts of data.
ADA trending at $0.45 | Source: ADAUSD on TradingView.com
Transactions will be even faster with the upgrade. The increased block size also plays into this, as the increased data storage space means an increase in speed. So not only will users get faster transactions, but they would also be paying below $0.16 per transaction on the network.
ADA Price Doesn’t React Well
The completion of the Cardano Vasil hard fork has not had a positive impact on the price of its native digital currency, ADA. There had been an uptick in the price of the digital asset, but it had been un...
|ADA Jumps 6% as Cardano Vasil Upgrade Goes Live
After a few delays in June and July, the Cardano Vasil update went live earlier, and the native cryptocurrency reacted with a price increase.
The upgrade is touted as the most significant one for the IOG-backed blockchain since the implementation of smart contracts a year ago.
The IOG team took it to Twitter to announce that the Vasil hard fork was successfully deployed at 21:44:00 UTC and outlined some of the benefits the network is supposed to experience.
The Vasil upgrade will bring significant performance & capability enhancements to #Cardano, from higher throughput capability via diffusion pipelining to a better developer experience with much improved script performance, efficiency & lower costs.
— Input Output (@InputOutputHK) September 22, 2022
The upgrade, named after a famous Bulgarian mathematician, includes several Cardano Improvement Proposals (CIP) - reference inputs (CIP-31), inline datums (CIP-32), reference scripts (CIP-33), collateral outputs (CIP-40), and diffusion pipelining. All of these are explained in our comprehensive guide.
The Vasil update was supposed to occur at the end of June but was postponed to late July before being delayed once again due to issues with previous node versions.
Aside from Vasil, Cardano is still developing its own Layer-2 scaling solution - Hydra - which should see the light of day next year.
Cardano's native cryptocurrency reacted positively to the news, with a 6% daily increase. Consequently, ADA currently sit...
|ADA Recovers 5% on Vasil Hard Fork Day, Is $0.5 Next? (Cardano Price Ana...
ADA managed to stop the downtrend, and the bulls pushed the price higher on the day that the protocol will see its Vasil upgrade go live.
Key Support levels: $0.43, $0.38 Key Resistance levels: $0.50, $0.56
Buyers came in strong today and managed to turn the price action around above the key support at $0.43. If this bullish momentum continues, then ADA could increase towards $0.5, which is the current resistance. This would also be a sign that the downtrend is reversing.
Chart by TradingView
Technical IndicatorsTrading Volume: Volume picked up yesterday and closed in red, but today, this was quickly reversed, and buyers have the upper hand.
RSI: The daily RSI is approaching 50 points. If buyers manage to push it above, then the momentum may reverse in their favor.
MACD: The daily MACD remains bearish, but the histogram is making higher lows which is an early sign of a possible reversal in the downtrend.
Chart by TradingView
The bias for ADA is neutral.
Short-Term Prediction for ADA Price
At this time, ADA has managed to put a stop to the downtrend, and buyers appear eager. This is a good sign, but bulls have to sustain the pressure if they are to be successful in breaking the $0.50 key resistance.
The post ADA Recovers 5% on Vasil Hard Fork Day, Is $0.5 Next? (Cardano Price Analysis) appeared first on CryptoPotato.
|Wafini, A Cardano DAO Powered NFT Marketplace Closes $200,000 Private Ro...
Wafini governance token $WFI will power the Wafini ecosystem, enabling holders to be integral in the development and growth of Wafini.
Wafini just announced that they have closed a $200,000 pre-seed round in July.
Muhammad Ahmad, project manager of Wafini commented on the development outlining that the raised funds will be used to expand the team, extend partnerships and further the development plans of the Wafini NFT Marketplace.
Wafini plans to hold a public seed round of it’s utility token $WFI, with 15 million out of 100 million tokens up for grabs for early adopters at 0.02 ADA a piece.
Early birds can whitelist for the seed round here.
What Is Wafini? Wafini is a DAO powered NFT Marketplace where users can trade Non-Fungible Tokens & NFT collectibles, users also will be able to mint, list, sell and swap their Non fungible tokens in a simple and easy to use interactive interface.
The Wafini NFT Marketplace which will be powered by smart contracts on the Cardano Blockchain, is poised to become the first truly DAO owned NFT Marketplace on Cardano.
Wafini is designed to be community sustainable without external control or influences.
The Wafini DAO Ecosystem will give the community of $WFI token holders an opportunity to unlock the full potential of the NFT marketplace as it will be the first NFT Marketplace on Cardano to give $WFI Token holders a reflections of trade commissions on the Marketplace.
This will promote an enabling fair and decentralized ownership and go...
|Cardano's Vasil Hard Fork Happens Tomorrow: What ADA Holders Need to Kno...
Cardano's Vasil hard fork is arguably one of the most highly-anticipated upgrades for the network. The parent organization behind the platform - Input Output - took it to Twitter today to reveal everything users need to know about it and also confirmed that it will take place tomorrow - September 22nd.
What is the Vasil Hard Fork?
Named after the late Bulgarian mathematician - Vasil Dabov - who was also a very well-known and prominent community member and contributor to Cardano, the upgrade is one of great significance for the network. It's aimed at boosting its scalability and overall usability.
The Cardano Improvement Proposals (CIP) that are to be introduced with the hard fork include:
CIP-31 (Reference Inputs)
CIP-32 (Inline Datums)
CIP-33 (Reference Scripts)
CIP-40 (Collateral Outputs)
In addition, Input Output has broken down the overall changes that the protocol will go through after Vasil is live on the mainnet.
#Vasil arrives in the month of #Cardano’s fifth anniversary and significantly improves Cardano's capabilities.
Let's explore #CardanoVasil pic.twitter.com/COiVfpJyR3
— Input Output (@InputOutputHK) September 20, 2022
The hard fork will also see Plutus script enhancements come to life, which will allow many dApp developers to leverage v2 capabilities. The changes to Plutus Core (a scripting language used in Cardano's ledger), known as Plutus V2, will bring about a 'tuned Plutus interpreter and new cost models for both Plutu...
|Cardano (ADA) Price Fails To Break $0.5 Despite Vasil Hype
The Cardano Vasil hard fork has been in the works for a while now. Hype for this hard fork had been overshadowed by that of the Ethereum Merge, but now that the Merge is done and out of the way, the focus has now fallen back on the Cardano network once more. Given this, there has been much optimism about where the price of ADA is going from here, but the digital asset has not given any indication of positive movement.
ADA Fails To Move
With the Cardano Vasil hard fork drawing closer, investors have been expecting the kind of market run-up that preceded the Ethereum Merge. However, the price of ADA has not been responding in the same way since it continues to trend low.
The digital asset has suffered various dips during this time that has brought it down to $0.44 during this time. Even with the news of the hard fork and a definite date for the upgrade, there has been no significant increase in the price of the digital asset. Instead, ADA has succumbed to the general market trend and has remained in the red over this time.
Over the last 24 hours, the price of ADA has been sliding. It has lost 10.76% already in the last day and is down 14.41% over the longer time frame of 7 days. The bearish outlook for the digital asset continues to wax strong, keeping the digital asset from reaching the $0.5 point.
Cardano is currently seeing significant resistance at $0.47. Support levels for the digital assets are not as strong as expected, making it easy pickings for the bears...
|ADA Loses 13% in a Week, Now Facing Critical Support (Cardano Price Anal...
ADA's price is found in a difficult position, trading at a key support level at a time when the bears are in complete control of the market.
Key Support levels: $0.43, $0.38 Key Resistance levels: $0.50, $0.56
After another failure from ADA to break above the $0.50 resistance, the sellers took over the price action and pushed the cryptocurrency all the way down to the key support at $0.43. The current market has a strong bearish bias, and there are no apparent catalysts in sight, at least from a technical perspective.
Chart by TradingView
Technical IndicatorsTrading Volume: The volume remained steady for most of September and closed in red in the past two days, showing that bears are in control.
RSI: The daily RSI quickly fell under 50 points over the weekend, placing it on the bearish side. There are no signs of a possible reversal at this time.
MACD: The daily MACD did a bearish cross on Sunday. This may put significant pressure on the key support at $0.43 and $0.38.
Chart by TradingView
The bias for ADA is bearish.
Short-Term Prediction for ADA Price
With ADA hovering above a critical support level, it is hard to find optimism in the current market. If bulls don't manage to stop the negative momentum, it's likely that the cryptocurrency may fall towards the next support at $0.38.
The post ADA Loses 13% in a Week, Now Facing Critical Support (Cardano Price Analysis) appeared first on CryptoPotato.
|Why Cardano (ADA) Could Be Registering Another Decline, Analyst Explains
Cardano faces a new obstacle with the impending Vasil update. Analyst and futures trader Peter Brandt predicts poor performance for the coin based on current trends and projections.
He recently tweeted on the present state of affairs for Cardano.
“This is a fractal chart pattern called a descending triangle. If the construction continues in the fractal, $ADA should have one more significant retreat.'
The keywords are 'should,' and not 'must,' Brandt tweeted.
The analyst pointed out the coin's current trend. Although Cardano has been doing poorly as of late, the market still seems to be anticipating the worse for the currency based on the current downward angle.
Expectations and conjecture are not a guarantee, but they do help to outline the paths the asset could take in the future.
A Crash In The Offing For Cardano? And as a result of the crypto market's recent performance, this research may cause investors to worry about a possible impending crash.
The coin's value has fallen from its recent high of $0.5043 at the market's closing to its current level of $0.4574. This is a 90% discount, which is huge.
In spite of this, the value of the coin has remained relatively unchanged.
Cardano's current price has been attempting to extricate from the 78.60 Fib level, which is now located at $0.5025. However, the bulls have not gained sufficient aggressiveness for this, making the price extremely volatile.
This inability to barrel upwards, together with ...
|Why The Cardano Price Might Be On The Verge Of Another Decline
The Cardano price has been following the general market sentiment and trended to the downside in the last 24 hours. The cryptocurrency is on the verge of implementing a major upgrade via its “Vasil” Hard Fork Combinator (HFC) event, but the current price trend hints at bad news for bullish investors.
At the time of writing, the Cardano price trades at $0.47 with a 3% profit over the last seven days. The cryptocurrency lost its position in the top five by market capitalization but has managed to preserve some of the wins for the past few days outperforming Ethereum and others.
ADA's price trends to the downside on the 4-hour chart. Source: ADAUSDT Tradingview
This Trader Forecasted Bad News For The Cardano Price
On low timeframes, the Cardano price was moving sideways over the past few months, coming off from a major downtrend. In early 2022, the cryptocurrency finally broke below the $1 price point which triggered more losses and sent Cardano into its 2020 levels.
At that time, the Cardano price moved sideways and experienced a relief rally to $1.20 which was immediately followed by a steeper decline. Legendary trader Peter Brandt believes ADA’s price might be forming a pattern hinting at a similar move.
Via his Twitter account, Brandt wrote the following while sharing the image below:
This is a fractal chart construction known as a descending triangle. If it continues in the fractal, $ADA should have one more significant decline. 'Should,' not 'must'.
|XRP Flips Cardano Again, Claiming Seventh Spot: Details
According to CoinMarketCap data, XRP has reclaimed the seventh spot in the crypto ranking, flipping Cardano to eighth place. With a present market valuation of $16.10 billion, XRP now ranks ahead of Cardano's $15.95 billion. The XRP price is down 2.92% in the last 24 hours in comparison to the 5% drop seen in Cardano, leading to the catch-up. As reported by U.Today, XRP attracted inflows in the past week, recording the third consecutive week of inflows, per CoinShares.
XRP inflows were slight in the past week, which remains commendable against the background of massive continuing outflows from Bitcoin.
AMM proposal to introduce DeFi functionality takes one step ahead
In a thread of tweets shared by Wo Jake, an XRPL developer, the AMM proposal, which brings on DeFi functionality, has taken one step forward. He stated that the AMM (Automated Market Maker) amendment introduced by Ripple developers, including CTO David Schwartz, has been proposed as PR on rippled's codebase.
Great news for the #XRPL & #XRP's liquidity! The AMM (Automated Market Marker) amendment introduced by @aanchalmalhotre & @JoelKatz has been proposed as a PR on rippled's codebase. (1/5) — Wo Jake (@woj4ke) September 7, 2022
The amendment will allow XRPL users to deposit, withdraw and govern on an AMM Instance (Pool), as well as incentivize liquidity providers on the native DeX. This follows a feature on the AMM that would continuously auction off trading advantages to arbitrageurs, charging them a fee...
|Here's Where Investors Expect Cardano (ADA) Price To Be At The End Of Se...
Cardano (ADA) remains one of the largest cryptocurrencies by market cap, but the digital asset’s decline from its all-time high back in 2021 has left in its wake a lot of bearish sentiment. These sentiments have not seemed to change even through the numerous recoveries that have been recorded by the digital asset. Even now, investors do not look favorably upon the digital asset as they do not expect any significant growth from the digital asset.
Investors Say $0.6 For ADA In September
The “Price Estimates” feature that was introduced by Coinmarketcap allows investors to be able to enter their price predictions for a cryptocurrency and the tool then takes an average of these predictions. ADA is one of the cryptocurrencies that has seen a lot of interest when it comes to this feature, attracting more than 14,000 estimates in the month of September alone. But even such interest has had no positive bearing on the expected movement of the asset for the month.
The average of the submitted estimates shows that investors expect the price of the digital asset to top out at $0.61 by the time the month of September elapses. This same sentiment is carried throughout the estimates for the next six months, which gets significantly worse as time goes on.
Cardano set at $0.5 | Source: ADAUSD on TradingView.com
For the longer term, investors expect the digital asset’s price to drop further from where it currently is, with an average estimate of $0.49 by the end of th...
|Cardano On White House Crosshair Can Push ADA Up This Route
The recent White House announcement has placed the spotlight on Cardano as the leading Proof-of-Stake blockchain that’s currently on the market. This recent news follows the announcement of the Vasil upgrade which aims to improve usability and scalability.
A simple Twitter search of ADA will result with tweets of happy and confident traders and investors.
“Here is the White House energy report showcasing #Cardano as the largest proof of stake blockchain in the world. Probably something,” said Dan Gombardello in a recent tweet.
At the day of the announcement, ADA’s price went up 7.43 percent with a high of $0.5243 before stabilizing at the range $0.5215 to $0.4992.
Using the regression trend tool, we can clearly see an uptrend forming even several days before the White House announcement. This uptrend formed clearly after the recent crash in the early half of August.
Cardano Gets Some Lift From White House Announcement
During this crash, the coin experienced a 25.18 percent drop in price. It continued stabilizing at the $0.4354 support line. Trade volumes have also risen since the announcement at 3.63 million.
This solid but slow uptrend coupled by the announcement further solidified confidence in the coin.
Trade indicators also point to buy signals as the price further stabilizes at the 50% percent Fib level which sits at the $0.4992 range. The bulls have also tested the 38.2...
|Cardano Remains Bullish Ahead Of Vasil's Hard Fork, Can Price Go To $1?
Cardano (ADA) forms bullish sentiments against tether (USDT) as the price of Cardano (ADA) aims to go higher with an imminent breakout above the current resistance. The price of Bitcoin (BTC) showed great strength after closing the weekly candle on a high, with the price holding above $21,700 for the first time in weeks. This has influenced most crypto assets, including Cardano (ADA), as the price aims to break out. (Data from Binance)
Cardano (ADA) Price Analysis On The Weekly Chart
Weekly ADA Price Chart | Source: ADAUSDT On Tradingview.com
The price of ADA has had a tough time maintaining the bullish momentum it has shown in recent months as the price was rejected from the $3 area acting supply zone for most sellers.
ADA has since struggled to discover the bullish momentum it experienced, but with the upcoming “Vasil Hard Fork,” there has been growing sentiment of the price of ADA going to as high as $1. Vasil Hard Fork is the latest and highly anticipated upgrade on the Cardano network to improve the usability and scalability of the network.
The price of ADA on the weekly chart looks good as the week closed bullish with more bullish sentiments. The price of ADA is faced with resistance to breaking above $0.54 as the price is faced with resistance to trend higher.
ADA’s price needs to break above this region for its price to trend higher to $0.6 and possibly $1. The price of ADA must break and hold above this resistance for a better chance to...
|Biggest Movers: ADA, SAND Surge to Multi-Week Highs on Saturday
Cardano was one of Saturday's notable gainers, with the token surging to a three-week high. The sandbox was also in the green, rising to a multi-week peak, as sentiment in the cryptocurrency market remains mostly bullish. Overall, the global crypto market cap is up nearly 2% as of writing.Cardano (ADA)
Cardano (ADA) climbed to a three-week high on Saturday, as the token rose for a fourth consecutive session.
Following a low of $0.4894 on Friday, ADA/USD was able to reach a peak of $0.5235 to start the weekend.
Saturday's top is the highest point the token has traded at since August 18, and comes as prices climbed above a major resistance point.
The ceiling of $0.5115 was broken earlier in the day, and comes as the 10-day (red) moving average crossed against its 25-day (blue) counterpart.
Looking at the chart, another notable occurrence is that the relative strength index (RSI) of 14-days also moved beyond a ceiling, at 56.00.
Now tracking close to 58.00, should the index hit its higher resistance point of 60.40, we could see ADA price recapture the $0.5440 mark.
The Sandbox (SAND)
The sandbox (SAND) was another notable mover to start the weekend, with prices also hitting a multi-week high.
SAND/USD was able climb above its $1.00 mark on Saturday, hitting an intraday high of $1.02 in the process.
Today's peak is the strongest point that SAND has reached since August 26, and comes after four days of back-to-back gains.
Some fear that this run could be cut short, however, as ...
|5 Reasons to Be Bearish on Cardano Price and Bullish on Tamadoge
Cardano has proven to be an exciting crypto project, yielding investors high returns. But the crypto market crash has made some Cardano investors bearish. Tamadoge is a new NFT game that investors are bullish on because of its utility and rewards.
Can Cardano Drop Lower? Crypto bear markets can be brutal, and Cardano (ADA) investors watched the coin lose 87% of its value after reaching an all-time high of $3 in August 2021. But many investors are wondering, can ADA go lower?
ADA has provided investors with 7,000% returns because of a rally that started at the end of 2017 and lasted until the beginning of 2018. And just recently, Cardano had another rally at the beginning of 2021, climbing up just over 1,600%.
If that wasn’t enough, ADA retraced and then went for another run to reach its all-time high. Since then, ADA buyers have run out of steam and the crypto bears have taken over. Although ADA has lost 87% of its value, it’s possible that it can lose more.
After Ethereum and Bitcoin topped out during the 2018 rally, both of these top cryptocurrencies lost just over 90% of their value in the subsequent years. So it’s possible that ADA can dip lower before it starts climbing up again.
Bearish Market Sentiment
It’s not easy for investors to watch several red candles a few weeks in a row. Many crypto investors have lost hope in another ADA rally, and the worst part is that many believe that the bottom isn’t yet in.
The financial mar...
|Ahead of Vasil, Cardano Welcomes Its First Fixed Rate Lending protocol
Kulfi Finance is the first Cardano fixed-rate money market. At launch, vaults will be dedicated to stable-asset and pegged-asset pairs, with additional vaults added in the future. Louis Ryman, Chief technical officer at Kulfi, stated 'By building upon Cardano, Kulfi has created a simple way for crypto users to access the benefits of the fixed rate money market.”
Kulfi finance facilitates lending and borrowing of Cardano native assets at fixed rates / Terms through an innovative financial primitive called wTokens. Fixed-rate financing touches all the edges of the modern financial markets. Kulfi technology will provide crypto users with the ability to access stable financing. Kulfi protocol is a first of its kind to be built on Cardano, along with its Yield Protocol. Fixed lending/borrow rates are a crucial element of the traditional financial system, allowing businesses and individuals to better plan their future finances. In the crypto space, however, variable rates are the norm; these fluctuating rates make it difficult to compare protocols and use DeFi (Decentralized Finance) for real-world applications. “In order to plan for the long-term, to borrow money for a house or car, people need to know what their costs will be - they need fixed rates” Manolis Kyriacou, Kulfi advisor stated on LinkedIn.
Why Fixed Rate is Important in DEFI
Most money market protocols on DEFI offer a variable rate in which the interest rate is usually determined through the su...
|Top Exchanges Mark Readiness For Vasil, Can Cardano Rally To $1?
The Cardano Vasil hard fork is currently the second most anticipated upgrade in the crypto space, right behind the Ethereum Merge. This hard fork is just as important to the Cardano network as it not only improves the experience of developing on the network, it also strengthens the security of the blockchain. September has now been set as the month of the hard fork, and the most recent announcement from IOG shows that the network is almost there.
Top Exchanges Getting Ready For Vasil
Previously, IOG, the developer behind the Cardano network, had made it known that it needed to reach three different metrics for the hard fork to be completed. These included that at least 75% of all SPOs would have upgraded the final node version, the top 10 decentralized applications (DApps) would have upgraded to Vasil-supported nodes, and lastly, was that at least 25 top exchanges which represented 80% of all ADA liquidity would be ready for the upgrade.
The first two metrics had quickly been hit. This is no surprise given both of these requirements needed to be carried out by the SPOs and DApps who were already Cardano natives. The exchanges part has proven to be the most difficult. However, some exchanges have taken the bull by the horns and have since become ready for the hard fork.
Among the top exchanges that have reported readiness for Vasil are Gate.io, OKX, BTCTurk, and WhiteBit. All of these exchanges are now able to support ADA post-hard fork. IOG tweeted this on Tuesday in a...
|Weekend Watch: Bitcoin Lost $20K, Cardano Soars 6%
It appears that the bears are slowly taking control over the market in the short term as the primary cryptocurrency trades below $20K, and the majority of other coins look indecisive at best. Of course, there are certain exceptions.
Bitcoin Losing $20K
The $20,000 level is one of significant importance. Apart from being a psychological mark, it also contains technical and fundamental support, being the high of the 2017-2018 bull market.
With that said, BTC has been flirting with $20K for a few days now, and it appears that the bulls may have finally given up. At the time of this writing, the cryptocurrency trades at around $19,800, having recovered from the daily lows at around $19,600.
Source: Binance via TradingView
The volatility has also disappeared from the market over the past couple of days, resulting in a lot fewer liquidations and overall trading volume. For the past 24 hours, there were only about $6 million in liquidated positions for BTC.
Cardano Soars 6% as Altcoins Indecisive
Even though most of the market is painted in green today, the increases are actually quite insignificant, as seen in the heatmap below.
Source: Quantify Crypto
Cardano is undoubtedly the best performer among the top altcoins, whereas cryptocurrencies like ETH, DOT, BNB, and XRP, are all up by less than 1%.
DeFiChain (DFI) seems to be the coin that gained the most in the past day - up by a whopping 11.5%, followed by GMX and ADA. On the other end of the spectrum, we have Helium's HNT, which ...
|Biggest Movers: ADA Rebounds, While FIL Hits 2-Week High on Saturday
Despite a largely volatile session, there have been a few tokens which managed to evade the red wave. Cardano rose to its highest level in over a week to start the weekend, as prices moved toward a key resistance level. Filecoin was another notable gainer, climbing by over 12% on SaturdayCardano (ADA)
Cardano (ADA) was back in the green on Saturday, as the token rallied following recent declines in price.
Following a low of $0.4499 on Friday, ADA/USD surged to an intraday high of $0.4769 to start the weekend.
The move sees cardano move closer to its long-term resistance level of $0.4800, as bulls take prices away from a floor of $0.4430.
Looking at the chart, the rally comes as the 10-day moving average (red) continues to trend sideways, after a spell of downward movement.
This signals a possible end to the bearish spell we saw in mid-August, where price went from $0.5811 to $0.4343 in a space of four days.
As of writing, ADA is now trading at $0.4742, with the 14-day relative strength index (RSI) tracking at a ceiling of 50.00.
Filecoin (FIL) was also higher on Saturday, as the token rose by as much as 12% to start the weekend.
FIL/USD surged to a high of $6.59 on Saturday, which is the strongest point it has hit since August 20.
This surge in price sees FIL marginally break out of its resistance level of $6.50 for the first time in over two weeks.
As seen from the chart, this rise in price has taken the RSI to a ceiling of its own at 50.65, and should bull...
|Kenyan Fintech Pezesha Raises $11 Million in Pre-Series a Round Backed b...
Pezesha, a Kenyan fintech focused on providing bridging finance to small and medium-sized enterprises, recently raised $11 million in pre-Series A debt-equity funding round. The Women's World Banking Capital Partners II led the round in which the Cardano blockchain builder Input Output Global also participated. Pezesha Solving Working Capital Problems for MSMEs
A Kenya-based fintech, Pezesha, announced recently that it raised $11 million from its pre-Series A debt-equity funding round. According to a Techcrunch report, this series was led by Women's World Banking Capital Partners II with the Cardano blockchain builder Input Output Global (IOG) also participating. Other participants were Verdant Frontiers Fintech Fund and Cfund.
As per the report, Pezesha plans to use the funds to expand its embedded finance business to micro, small medium-sized enterprises (MSMEs) operating in countries like Nigeria, Rwanda and Francophone Africa.
Commenting on how Pezesha plans to avail its lending infrastructure to more MSMEs following its successful round, the fintech's founder Hilda Moraa reportedly said:
The opportunity and impact in solving working capital problems for MSMEs is huge. [We are] solving the root cause, which is information asymmetry issues, to ensure quality and responsible borrowing. Pezesha solves this through our robust API-driven credit scoring technology.
Pezesha to Target Women Entrepreneurs
For his part, Charles Hoskinson, the co-founder of IOG and Cardano explaine...
|Robinhood Lists Cardano On Platform, ADA Price To Take A Push Upwards?
Popular U.S. brokerage platform Robinhood has listed Cardano (ADA) for its customer. Users will be able to trade the cryptocurrency starting today and gain exposure to its spot price.
According to the announcement, Robinhood listed Cardano due to popular demand. The cryptocurrency has been a retail favorite for years and has managed to make its way into the crypto top 10 by market capitalization.
Over the past months, Cardano (ADA) has moved between the third to the eighth most valuable cryptocurrency on the planet. At its high, ADA’s price was trading north of $3, but it has been trending to the downside with the rest of the market since late 2021.
At the time of writing, ADA’s price trades at $0.44 with a 2% loss in the last 24 hours and 7 days respectively following the general sentiment in the market. The Robinhood announcement is an important milestone for ADA as it could boost its adoption levels in the United States.
ADA's price trends to the downside on the 4-hour chart. Source: ADAUSDT Tradingview
At the time of writing, the cryptocurrency is yet to react to the announcement as the price of ADA continues to trade in the red with other large cryptocurrencies. The crypto market is highly influenced by current macro factors which could become a short-term hurdle for any potential Cardano rally.
In that sense, the price of Bitcoin and Ethereum provides important clues to the future performance of other cryptocurrencies. The number one crypto by market cap cu...
|IOG Says Cardano Vasil Hard Fork Is Almost Here, But What Is ADA Doing?
With each passing day, Cardano inches closer to one of its most important upgrades yet, the Vasil Hard Fork. IOG, the developer behind the Cardano network, had outlined three important milestones that the network needed to reach for the hard fork to be triggered. With the first of the three metrics already met at this time, the upgrade is closer than it has ever been, as confirmed by the developer.
Nearing Cardano Hard Fork
When the developer had previously confirmed that there were no longer any bugs in the Vasil hard fork, it had moved towards fulfilling the requirements for the upgrade to be completed. The first of these requirements was that at least 75% of all SPOs had upgraded to the final node version. As of the time of this writing, the team confirmed that more than 80% of all mainnet blocks are now being produced by Vasil nodes.
Second of the metrics that needed to be hit was that the top 10 of the top DApps by TVL on the Cardano network will have updated to the Vasil-supported nodes. A Twitter announcement confirmed that more than 70% of DApps have now confirmed successful pre-production testing.
The last of the requirements was that at least 25 exchanges which represented about 80% of all ADA liquidity, will have upgraded to support the network post-hard fork. This is the last step that remains for the hard fork to be triggered.
ADA price dumps to $0.45 | Source: ADAUSD on TradingView.com
IOG confirmed that 2 crypto exchanges are fully ready for the hard fo...
|Aada Finance Launches The First Lending and Borrowing App on Cardano Mai...
[PRESS RELEASE - Kaunas, Lithuania, 31st August 2022]
Aada Finance, a crypto assets lending platform, announces the imminent launch of the Aada Finance V1 lending and borrowing protocol on Cardano mainnet. The release is scheduled for the 13th of September, making Aada V1 the first lending and borrowing protocol to launch on Cardano mainnet.
Aada V1 leverages the first-mover advantage
After months of public testnet, Aada Finance is finally ready to deploy its eagerly-anticipated app. The release brings lending and borrowing to Cardano, introducing the DeFi primitives to the network for the first time. The event marks a significant milestone in the blockchain’s development, which will surely benefit the entire ecosystem.
Aada Finance plans to launch in anticipation of the Vasil hardfork, which will update the Cardano network. The team aims to leverage the first-mover advantage thanks to its V1 protocol’s peer-to-peer approach. While it provides a straightforward and efficient solution, the smart contract concept will mitigate future risks associated with hardfork migration.
A successful external audit to ensure high-level protocol security
A crucial aspect of the protocol’s security was the external audit. It was carried out by Vacuumlabs, a crypto and fintech company and a subset of Wingriders with extensive audit experience. Some of their accomplishments include finding security flaws in two top-10 cryptocurrencies and developing security guidelines for a r...
|Amid Ethereum's Merge, Cardano Founder Charles Hoskinson Says ADA's Vasi...
Cardano founder Charles Hoskinson detailed on Friday that the Vasil hard fork is coming soon and noted that it may occur 'sometime in September.' The crypto asset's upgrade has been overshadowed by the upcoming Ethereum upgrade called The Merge.Vasil Hard Fork Due 'Sometime in September,' Input-Output Global's Charles Hoskinson Says
The proof-of-stake (PoS) blockchain Cardano (ADA) has plans to implement a hard fork roughly around the same time The Merge is expected to be implemented. Ethereum's Merge is roughly 16 days away from now and the change will transition Ethereum's proof-of-work (PoW) consensus mechanism to a PoS blockchain.
Speaking during a Twitter live stream on Friday, Hoskinson told the public that while 'extensive testing' is still being conducted, the Vasil hard fork could take place in mid-September. Much like The Merge, Cardano's hard fork was postponed at the end of June.
The Vasil hard fork aims to add four Cardano Improvement Proposals (CIPs) into the mix. The CIPs include CIP-31 (Reference Inputs), CIP-32 (Inline Datums), CIP-33 (Reference Scripts), and CIP-40 (Collateral Outputs).
One particular change, CIP-31, will reduce Cardano's transaction costs a great deal, developers detailed a few months ago. 'Reference scripts reduce your transaction costs,' the Cardano development team at Input-Output Global (IOG) explained during the first week of May.
During the live stream, Hoskinson said Vasil will take place 'sometime in September' and he further st...