Tag Archives: Cardano

The digital asset investment products experienced inflows of $2.25 billion throughout the entire 2023. This places it as the third-best year based on data dating back to 2017, with 2020 recording $6.6 billion and 2021 reaching $10.7 billion, according to the latest report by CoinShares. As such, the inflows for 2023 were 2.7 times higher than those observed in 2022, marking a substantial rebound for the asset class. The majority of this recovery occurred in the final quarter,...

TL;DR Cardano’s ADA experienced an 11% drop recently, but analysts like Captain Faibik see potential for a rally, predicting a rise towards $0.80 by the end of January. ADA’s on-chain trading volume has been on the rise, suggesting increased interest that could lead to a potential uptrend in its value. External factors, including the possibility of a US Bitcoin ETF approval and the upcoming Bitcoin halving, might positively influence ADA’s price, with some analysts...

TL;DR Shifts in Blockchain TVL: The year 2023 saw changes in the total value locked (TVL) rankings among various blockchain platforms, with significant fluctuations and new entries making an impact. Highlights in Blockchain Performance: Certain networks gained popularity and development recognition, outperforming rivals in aspects like Google searches, NFT sales, and on-chain trading volume. Cryptocurrency Value Fluctuations: There were notable increases in the prices of some...

ADA price is attempting a fresh increase above the $0.605 zone against the US Dollar. The price is now trading above $0.612 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5950 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.640 and $0.6550 levels. Cardano price is holding the $0.600 support against the US Dollar, like Bitcoin. ADA price could gain...

ADA price is attempting a fresh increase above the $0.600 zone against the US Dollar. The price is now trading above $0.600 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support near $0.5980 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.6200 and $0.6350 levels. Cardano price is holding the $0.600 support against the US Dollar, like Bitcoin. ADA price could gain...

TL;DR Delisting on Binance: Binance, a leading cryptocurrency exchange, has planned to remove a certain number of spot trading pairs involving a specific fiat currency. Variable Price Impact: The delisting of trading pairs from major exchanges can have varied effects on the prices of the involved cryptocurrencies. Listings vs. Delistings: Listings can significantly enhance a cryptocurrency’s visibility and demand, while delistings might negatively affect its market...

ADA price started a downside correction from the $0.700 zone against the US Dollar. The price is now trading above $0.55 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.5803 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.620 and $0.650 resistance levels. Cardano’s price is consolidating above $0.550 against the US Dollar, like Bitcoin. ADA...

Digital assets investment products ended their 11-week streak of positive cash flows with withdrawals amounting to $16 million. However, trading activity remained significantly higher than the yearly average, reaching $3.6 billion for the week, in contrast to the year-to-date average of $1.6 billion. Bitcoin was the worst hit, witnessing outflows of $33 million last week, while short-bitcoin also experienced minor outflows amounting to $0.3 million. Contrary to the overall...

TL;DR Warning About Fraudulent NFT Scheme: The Cardano Community, a Twitter account, warned users about a scam involving Berry Pool delegators receiving a dubious NFT, falsely promising extra ADA rewards through a fraudulent event. Significant Losses Incurred: Victims who connected their wallets and signed transactions following this scam have suffered losses exceeding 200,000 ADA. The associated website has been identified as a scam. Advice for Caution and ADA Price Surge:...

Although the price spikes following the Fed announcement cleared recent bearish drawdowns and provided support levels, uncertainty remains over the sustainability of the increases. The prices of major cryptocurrencies, including Cardano (ADA) and Solana (SOL), have seen fluctuations around the latest Federal Reserve announcement on interest rates. On December 13th, 2023, the Fed decided to keep rates within a target range of 5.25–5.50%, leading to an initial boost in the price of Bitcoin...