Cardano (ADA) has seen some pretty tragic price action in the last couple of months, which has dragged its price down toward two-year lows. It still continues to maintain this downtrend and is barely moving, just like the rest of the crypto market, but some developments among large ADA investors could see some bullish momentum for the digital asset. Cardano Whales Begin Accumulating In New Year Toward the end of 2022 when momentum in the crypt market was dropping, there had been some selling from large ADA investors. This was…
Tag: Cardano
Cardano Might Drop By 20% Despite Vasil Fork News Excitement
Cardano (ADA) fell on July 21 as the market prefers growing selling pressure around its most stable resistance levels in 2022 over a huge anticipated hard fork. Despite the long-awaited Cardano hard fork potentially going live at the end of July, ADA has run out of buyers. The price of ADA decreased 5% intraday to $0.476. The drop was part of a larger retreat that began a day after it temporarily climbed over its 50-day exponential moving average (50-day EMA; the red wave in the chart below) at $0.50. Since…
Solana, Cardano Tokens Slide Over 9% as Cryptos See Weakness Amid Poor US Consumer Data
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Cardano (ADA) Could Slide Back To $0.40
Cardano (ADA) price looks bullish as it does a U-turn on Monday following negative economic spikes from China getting crypto traders all worried. In addition, many major corporations are exiting Russia, including McDonald’s. All of these factors contribute to heightened risk sentiment making it entirely difficult for major cryptocurrencies to elevate in price than usual. This could also mean bad news for ADA; risking a 32% correction. The negative sentiment has been growing enormously which also signal a downward trend in the next quarters. As of this writing, the crypto…
Cardano, Avalanche Lead Fed-Driven Crypto Rally, Traders Still Wary of Long-Term Recovery
Crypto markets added nearly 5% to overall capitalization in the past 24 hours after broader markets jumped on the decision to increase rates in the U.S. Author: Shaurya Malwa Source link
ADA On Discount? Cardano Whales Go On $200M Shopping Spree
Cardano (ADA) has been on a steady downtrend since September of 2021 after hitting its all-time high of $3.1. This has been one of the most brutal downtrends for its investors, the majority of which are now drowning in losses. However, as they say, that one man’s misfortune is another man’s come up, whales have seen this as a perfect opportunity to buy up as much ADA as they can. They have now ramped up their buying and have accumulated about $200 million worth of ADA in the space of…
Cardano (ADA) Real Volume Suggests Downtrend Is Far From Over
Cardano (ADA) has been one of the worst-hit cryptocurrencies in the market. The digital asset which had seen a high of $3.10 now lives on past glory as it is now trading below the $1 mark. This has been going on for a while which has convinced some investors that the end of this onslaught is coming to an end. However, on-chain metrics suggest that this is far from the case and in fact, the downtrend is not close to ending anytime soon. On-Chain Metrics Are Bad One thing that…
Market Nosedive Sends Cardano (ADA) Deeper Into Bear Territory
The crypto market has not been in the best of places recently and Cardano (ADA) has been feeling the heat especially hot lately. The digital asset which remains one of the popular and largest by market cap has had a hard run of it lately, pushing it further into the bear territory. As ADA continues on this trend of low momentum, hot on the heels of the market decline, indicators have proven to not be in the favor of the token’s value. Market Declines By $80 Billion During the weekend,…
Majority Of Cardano (ADA) Holders In Loss As Price Slides To $1
Cardano (ADA) had since lost its momentum and has been back on another downtrend once more. This time around, the downtrend quickly sent the cryptocurrency back towards the $1 territory. This has had some dire implications for Cardano investors. The majority of these investors have now seen their portfolios descent into the red territory causing them to be taking massive losses at the current prices. Cardano Holders In The Red Much like the majority of the market, Cardano has seen its value decline in recent days. This has been a…
Cardano Foundation and The University of Zurich expand academic blockchain research
Non-profit organization Cardano Foundation has announced a three-year collaboration with the Blockchain Center of the University of Zurich (UZH BCC) to further research initiatives and explore blockchain education development. Through the partnership, the foundation will work with the Blockchain and Distributed Ledger Technologies (BDLT) Group at the University of Zurich to explore research topics like the efficacy of consensus protocols and analyze attack vectors specific to Ouroboros, among many others. The University of Zurich. Source: www.uzh.ch According to Cardano Foundation CEO Frederik Gregaard, the partnership allows the foundation to provide…