Tag Archives: Cardano (ADA) Price

Alongside the rest of the cryptocurrency market, Cardano also witnessed a lackluster month. But certain cohorts of high-profile investors have been slowly amassing significant amounts of ADA tokens. Cardano whales – those holding between 100 million and 1 billion ADA – have added 11% to their balances in the past month, according to ITB’s latest findings. ADA Whales Adds More Tokens The latest surge indicates a growing confidence or strategic positioning among large ADA...

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum broke under $3,000 and closes this week with a 5% loss. This latest crash in the price made a lower low which shows bears are still in control of the price action. The current support is at $2,900 and buyers have to protect this level at all costs. If they fail, then the next major support will be found at $2,500. Looking ahead, ETH was quickly rejected at the...

TL;DR Cardano’s ADA has significantly declined, currently priced around $0.45, reflecting a broader market downturn. However, analysts remain optimistic, with forecasts suggesting a rebound to $1 in the near term and possibly reaching higher milestones like $1.70 or even $10 under favorable conditions. ADA Ready for a Bull Run? Cardano’s ADA has underperformed in the past few weeks, coinciding with the broader crypto market retreat. Its price currently hovers around $0.45...

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Ethereum (ETH) Ethereum is found in a difficult position. The price fell by 7% this week, and now all the pressure is on the key support at $3,350. If this level fails, then the price might retreat below $3,000. The rally that started in October 2023 has finally found a local top at $4,000, which is a key resistance. For this reason, this correction is significant and may last for quite a...

TL;DR Shiba Inu experiences a notable rally, surpassing major cryptocurrencies in trading volume, indicating significant investor interest. The surge in SHIB and other meme coins underscores the growing profitability and appeal in the sector. The price of the second-biggest meme coin – Shiba Inu (SHIB) – continues to rally, spiking by 7% in the past hour and 15% on a 24-hour scale. Its market capitalization surpassed $18.5 billion for the first time since mid-March. SHIB...

Despite criticisms for the alleged abandonment, Cardano remains one of the top blockchain protocols in terms of GitHub activity. According to the data compiled by IntoTheBlock, Cardano has once again surpassed Ethereum and other major Layer-1 blockchains such as Avalanche, Litecoin, and Tron in GitHub commits, reflecting its leading position in developer engagement. Between March 11 and 17, Cardano registered 978,780 commits on GitHub, exceeding its closest competitor,...

TL;DR Cardano’s ADA surpassed Bitcoin (BTC) and Ethereum (ETH) in one key metric. Despite a recent 20% price drop, analysts predict a bullish future for ADA, including a potential “parabolic” spike to $10. According to IntoTheBlock, Cardano’s ADA is currently the top cryptocurrency by development activity. It also enjoys the highest amount of weekly engagements. Leading cryptocurrencies, such as Ethereum (ETH) and Bitcoin (BTC), were placed second and fifth, respectively....

The Cardano (ADA) blockchain has experienced a significant uptick in user engagement over the past month. According to data from Danogo, a decentralized exchange (DEX) on Cardano, the number of active wallets on the network surged to 600K, a 40% increase that doubles the lowest amount in the past 30 days. The surge in active wallets in the Cardano blockchain coincides with a boost in its decentralized finance (DeFi) ecosystem, which stands at roughly $500M, according to data...

Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply available for miners to sell will effectively decrease by 50%. If the demand for it remains the same or it increases, the price will go up – that’s how markets...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum ended the week on a high note with a 9% price increase, making it one of the best performers on our list. In the process, ETH broke the resistance at $2,441 and turned it into support. The current target of this rally is $2,506, which is the next key level on the chart. If the second-largest cryptocurrency breaks that level as well, then it has a clear path...