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Tag Archives: ADAUSD

Cardano Partners With Chainlink for DeFi Smart Contracts Development

InputOutput (IOKH), the technology company behind the Cardano open-source blockchain project, announced in the ongoing Cardano Summit 2021 that it has partnered with decentralized blockchain oracle network Chainlink. Tremendous Respect for Cardano As per the announcement, the partnership will see Cardano integrate Chainlink’s oracles to support developers as they prepare to start building smart contracts for decentralized finance (DeFi) applications. Recall that Cardano...

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Volatile Weekend: Bitcoin Plunged to $40.7k, and Spiked to $43k In Minutes (Updated Market Watch)

After the relatively positive Saturday, the bears have returned to the market and pushed bitcoin south to below $41k. The alternative coins have also suffered badly, with ETH dropping beneath $2,800. Update: shortly after the first publishing of this market update, Bitcoin managed to recover from the massive dump – which resulted in a current daily low of $40.8k, according to Bitstamp. The primary cryptocurrency saw a decent recovery: In less than one hour, BTC spiked almost...

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Cardano is Partnering With American Telecom Service DISH Network

The strategic partnership aims to introduce Cardano’s blockchain technology to DISH’s telecom services, likely to boost Cardano’s adoption and benefiting DISH’s users with 8 million digital identities (D.I.D) on phones satellite. DISH and Cardano Speaking at the Cardano Summit 2021, Hoskinson said that while the main idea was to create a network where users can move seamlessly from one space to another, the underlying business infrastructure has remained “ossified.” “We think...

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Bitcoin Maintains $42K Amid the China FUD: Cardano the Only Top 10 in Green (Weekend Watch)

Yesterday the crypto markets went through another bloodbath initiated once again by China. Bitcoin dumped by $4,000 in minutes but has managed to complete a partial recovery as of now. Most altcoins suffered even more, and some have failed to bounce off decisively, including ETH, which still stands below $3,000. Bitcoin’s Recovery Attempt The past few days were actually going well for the primary cryptocurrency. It had recovered from the sub-$40,000 price drop and added...

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Crypto Price Analysis & Overview September 24th: Ethereum, Ripple, Cardano, Solana, and Avalanche

Ethereum Ethereum is down a sharp 21% this week as the coin sits beneath $3000. The sell-off started on Monday when ETH slipped beneath the neckline of a head & shoulders pattern and the 50-day MA. Initially, the market found support at $3000 but would continue to fall beneath it on Tuesday to find support at $2770 (.786 Fib Retracement). ETH did rebound on Wednesday and Thursday as it climbed back above $3000. However, it lost another sharp 9% today, causing it to break...

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COTI Charted New ATH Following a Partnership With Cardano’s Stablecoin Hub

COTI, an enterprise-grade fintech platform that empowers organizations to build their payment solutions, recently announced that it will be partnering with Cardano’s stablecoin hub, Ardana. The collaboration will introduce stablecoin crypto-to-fiat payments aimed at the Cardano community, in addition to consumers and merchants worldwide. Speaking in a statement, COTI’s CEO, Shahaf Bar-Geffen, said, “Today, COTI is doing its first steps in Defi over Cardano, which we believe...

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Bitcoin Retests $45K as Ethereum Stalls Around $3.1K (Market Watch)

Following a few days of adverse price developments, bitcoin has started to recover some value and currently sits around $45,000. Most altcoins have stalled in the same timeframe, with a few exceptions from Polkadot and Terra. Bitcoin Taps $45K The start of the week was highly damaging for the bitcoin bulls as the price of the cryptocurrency plummeted on Monday from $48,000 to around $43,000 in hours. The situation only worsened in the following two days as BTC dumped by a few...

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Cardano Price Analysis: ADA Recovers 6% In a Day, What’s Next?

ADA/USD – Buyers Rebound From $1.88 Support Key Support Levels: $$2.00, $1.88, $1.80.Key Resistance Levels: $2.20, $2.40, $2.50. ADA bounced by a total of 6% over the past 24 hours since finding support at $2.00 yesterday. The cryptocurrency had broken beneath the 50-day MA on Monday and spiked lower on Tuesday until support was met at $1.88, provided by a 1.414 Fib Extension. The buyers regrouped at $1.88, allowing them to push toward $2.00 when the daily candle closed....

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Cardano Price Analysis: Following a 10% Weekly Crash, ADA Bulls Defend $2 Support

ADA/USD – Buyers Battle To Defend $2 Key Support Levels: $2.05, $2.00, $1.88.Key Resistance Levels: $2.21, $2.33, $2.40. ADA managed to find support at $2 today as it rebounded from the .618 Fib level. The cryptocurrency is still down 10% over the week, $2 is looking to be a promising threshold for the bulls. The cryptocurrency developed strong support at $2.40 last week but fell beneath it over the weekend. During the market capitulation yesterday, ADA dropped below the...

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Bitcoin Maintains $48k Amid Another Minimal Trading Volume Weekend (Market Watch)

Bitcoin neared $49,000 for the first time in over a week but failed to breach it and has returned to around $48,000. Most alternative coins are slightly in red, except for Solana, which has jumped by 4% in a day to above $160. Bitcoin Maintains $48K After the volatile start of the week, in which bitcoin surged by $1,500 and dropped by $3,000 in minutes, the cryptocurrency enjoyed a steady price increase. In a matter of days, it bounced off the $43,300 low reached on Monday...

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