Cardano (ADA) has recently gained traction in the cryptocurrency market, increasing by over 10% and breaking through a critical resistance level. This surge has sparked significant interest among traders and investors, not only due to the price increase but also owing to the underlying market trends that characterize this movement. However, the rise has come
Cardano
Back in 2019, Cardano faced a significant drop of 57% when the Federal Reserve initiated its first rate cut, lowering rates from 2.42% to 2.39%. This resulted in a prolonged downtrend for the cryptocurrency that lasted until early 2020. Fast forward to today, with interest rates standing at 5.33% and the public debt skyrocketing to
The Cardano (ADA) ecosystem recently experienced a boost in various key metrics with the successful implementation of the anticipated Chang upgrade on September 1. Despite a bearish market sentiment affecting ADA’s price, the Cardano Foundation reported an increase in investor activity and blockchain usage. According to a recent social media post by the Foundation, smart
Amidst a week of fear and uncertainty in the market, Cardano (ADA) is currently trading just below a critical resistance level at $0.33. However, on-chain data from IntoTheBlock suggests that some investors see this as a potential buying opportunity, anticipating a market recovery in the near future. Despite the broader downturn, certain metrics indicate growing
As popular crypto analyst Dan Gambardello discusses in a recent video, the future of Cardano (ADA) price is under scrutiny amidst forecasts of a looming US recession. With concerns surrounding the economic climate, ADA holders and crypto investors are feeling uneasy about the potential impacts on the market. Gambardello highlights the historical behavior of the
Despite the completion of the highly anticipated Chang upgrade, Cardano has experienced a drop in price. The new features introduced by the Chang hardfork, such as on-chain voting and enhanced smart contract capabilities, were expected to bring positive momentum to the project. However, at the time of writing, Cardano (ADA) was down 2.7%, trading at
Cardano recently completed its Chang upgrade, signaling a significant shift towards a decentralized governance system that puts power in the hands of ADA holders. This move, named after the Chinese mathematician Ch’ang Shou, took place at block 10764778 on Sep. 1. The upgrade brings forth a range of changes, including the introduction of on-chain voting,
Cardano (ADA) has been facing a challenging position in the cryptocurrency market, with stagnant price growth despite being a well-known altcoin. Despite being one of the top bullish altcoins during the 2021 crypto bull run, Cardano has struggled to recover from the bearish sentiment and has not seen significant price gains compared to other major
Cardano and its native token, ADA, faced a significant decline in the second quarter of 2024, as reported by data intelligence firm Messari. The decline in ADA’s price by 39.7% to $0.39 and its market capitalization by 39.4% to $14 billion reflected the broader downturn in the cryptocurrency market. With a slight increase in circulating
Cardano (ADA) has been the subject of a recent video chart analysis by crypto analyst @XForceGlobal. The analyst delved deep into Cardano’s current position within the Elliott Wave cycle, suggesting that ADA is on the verge of entering a strong upward phase known as “Wave 3.” Drawing comparisons to Solana (SOL), the analyst highlighted similarities
