DOT has patterned itself for a major rally in the coming days.
Polkadot ($DOT) will likely close in the red following a week of tumultuous movement, which saw it fall to a low of $3.98. $DOT has, however, recovered from its low and currently trades for $4.32.
Charles Hoskinson, the co-founder of Cardano and Ethereum, recently expressed deep concerns regarding the potential impact of Donald Trump's newfound affinity for cryptocurrency. In a series of interviews with mainstream media, Hoskinson emphasized that both Trump and Vice President Kamala Harris lack a coherent vision for the future of crypto regulation in the United States, which could have serious implications for the industry.
The past few months have been particularly tough for Cardano. After undergoing a significant upgrade that resulted in over 96 million transactions—a remarkable achievement for its ecosystem—ADA's price failed to reflect this progress.
Cardano's TPS currently stands at 0.41, an analyst remarked that nobody is using ADA technology.
In the race to dominate the Layer-1 blockchain space, Bitgert, Ethereum, and Cardano have emerged as key players, each bringing unique strengths and innovations. While Ethereum remains the industry leader with its extensive dApp ecosystem and robust intelligent contract capabilities, it faces growing competition due to scalability challenges and high gas fees. On the other hand, Cardano continues to build on its reputation for security and academic rigor, offering a more research-driven approach to blockchain development.
Polkadot just installed an important technology update, with more to come over the next couple of years. Here's why crypto investors should pay attention to these upgrades.
ADA shows strong sentiment, with technicals and liquidity favoring a breakout.
Recent analysis reveals that Polkadot has formed a descending wedge pattern on its daily chart, a structure often associated with bullish reversals. This pattern is characterized by converging trend lines that show lower highs and lower lows, indicating that bearish momentum may be weakening.
Cardano (ADA) is poised for a massive rally potentially following its recent descending trendline breakout in this ongoing market reversal. In addition to the trendline breakout, ADA has also formed a bullish cup-and-handle price action pattern on the daily timeframe and is on the verge of a breakout.
Cardano (ADA) kicked off the new week on a subdued note, as the broader crypto market experienced a downturn, led by Bitcoin. This drop saw the total crypto market cap shrink to $2.2 trillion.
The weekend has started with bull dominance, according to CoinMarketCap.
Cardano (ADA) has recently witnessed an extraordinary surge in whale netflows, skyrocketing by an astonishing 32,348%.
Polkadot (DOT) is back in the red during the current session after failing to break above the $4.50 level once again on Friday, despite reaching a day high of $4.49.
The cryptocurrency market is witnessing significant activity from several key players aiming to rival Cardano. Shiba Inu Coin, Polygon (POL), Tron, Chainlink, and Litecoin have each shown promising developments.
In recent appearances with mainstream news outlets, Charles Hoskinson, co-founder of Cardano and Ethereum, voiced his reservations over the crypto policies of former President Donald Trump and Vice President Kamala Harris.
Cardano (ADA) has recently made headlines with an impressive price surge of 8.46% over the past four days, indicating a potential turnaround for the altcoin. As it climbs to $0.359, market observers are keenly watching to see if this bullish momentum can propel Cardano towards key resistance levels at $0.42 and $0.45.
Cardano (ADA) is gearing up for a potential rally, with predictions showing its price could reach $0.50 in the coming weeks.
In a notable divergence from the broader cryptocurrency market, Cardano (ADA) has faced challenges in capitalizing on the recent bullish sentiment triggered by the Federal Reserve's decision to reduce interest rates by 0.50% earlier this week. While major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have seen gains exceeding 5% in the same timeframe, ADA currently trades at $0.3517, reflecting a 2% decline over the past week.
Polkadot (DOT) is one of the leading blockchain platforms known for its scalable and interoperable framework, and its native token has been at the center of attention recently. After months of decline, Polkadot's price seems to have found a bottom, with bullish sentiment growing around the Agile Core time update.
Cardano's blockchain will soon feature its first major gold-backed token, Kinka Gold ($XNK), thanks to a partnership between the token's issuer and EMURGO, a founding entity of Cardano. EMURGO is a company that plays a crucial role in the Cardano ecosystem, focusing on the commercial development and adoption of blockchain technology.
Cardano (ADA) continues attracting significant crypto attention thanks to heightened whale activity.
Bitcoin faced selling near $64,000, but buyers have managed to keep the price above the short-term holder realized price near $62,000, which is a positive sign.
ADA appears to be bullish and poised for a massive rally, driven by a potential breakout and bullish on-chain data.
Bitcoin has surged past the $62,000 mark, reaching $62,326.36—its highest price since late August. This increase, representing a 4.07% rise in just 24 hours, follows the Federal Reserve's recent decision to lower interest rates by 50 basis points, a move that caught many analysts by surprise as they had anticipated a smaller reduction of 25 basis points.
While many altcoins are looking to catch up to their past sell-off figures, Cardano (ADA) appears to lag. As of this writing, the ADA price changed hands for $0.3535, up 0.74% in 24 hours, per CoinMarketCap.
The market participants are eagerly waiting for the Cardano price to reach $0.4 sooner rather than later. Meanwhile, the token appears to have entered a prolonged relaxation period, as the bulls are displaying no interest in accumulating the token.
The price of Cardano has jumped by 3.5% in the past 24 hours, with its move to $0.3591 coming as the cryptocurrency market gains by 1.5% today.
Cardano (ADA) price has been on a downtrend since March 2024. Since then, ADA has shed nearly 66%, but the outlook might be starting to change for this Ethereum-killer with the recent comeback in Bitcoin (BTC) price.
The price of Cardano (ADA) has held above $0.30 thanks to a sideways trend after the price drop on August 5. The cryptocurrency is stable above the $0.30 support but below the moving average lines or the $0.40 resistance level.
Hoskinson's Concerns: Charles Hoskinson feels that “Trump's crypto venture” will inadvertently increase regulatory scrutiny and politicize the industry.
Story Highlights The live price of the Cardano token is . ADA coin price could reach a potential high of $1 by the end of 2024. Cardano price, with a potential surge, could go as high as $10.32 by the end of 2030. With the BTC price back to $55,000, the altcoins market remains polarized.
Polkadot (DOT) has made a strong recovery this week after falling to a low of 3.98 earlier this week. Despite starting the week in the red, DOT has recovered strongly and is once again testing the $4.50 level.
Cardano founder raised concerns about the Trump-backed crypto platform, warning it could bring regulatory challenges and politicize the industry.
This important meeting will take place during the Tech Forum Argentina on October 19th. Hoskinson wants to discuss how blockchain technology can change how countries manage their economies and political systems.
Polkadot (DOT) is on the verge of breakout as whales reposition and trading activity surges.
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market has had a great week so far, and Ethereum closed with a 9% price increase.
Polkadot's release of Agile Coretime, a key update enabling flexible resource allocation, has led to an 8% price increase for DOT
Polkadot price has been falling since March 2024, when it hit a peak price of $12. Despite the dropping price, the network has kept on building.
Charles Hoskinson, founder of Cardano, will meet Argentinas President Javier Milei at Tech Forum in October to explore how blockchain technology can reshape Argentinas financial systems, discussing everything from digital currencies to technological innovation. Hoskinson to Meet Milei at Tech Forum In October, Charles Hoskinson, founder of Cardano, and Javier Milei, president of Argentina, will meet to talk about the cryptocurrency economy.
Cardano has been under scrutiny as it navigates a challenging market. As of September 19, ADA faced a modest decline of about 1% over the past day, which has led many traders to reevaluate their positions.
Hoskinson maintains that Cardano's success should be gauged by long-term impact, not by short-lived crypto rankings.
Polkadot (DOT) price has surged 8% following the release of “Agile Coretime,” a key component of the Polkadot 2.0 upgrade. This major update is anticipated to enhance the network's capacity, performance, and usability, thereby garnering the attention of developers and investors once again.
Investors are always in a hurry to discover unnoticeable yet profitable altcoins in the ever-changing world of cryptocurrencies. Coins such as Cardano (ADA) and Polygon (MATIC) frequently capture headlines. However, according to experts, a new player, Rexas Finance (RXS), is on the verge of making news in the crypto marketplace.
TL;DR Cardano Launches Kinka Gold: Cardano, in collaboration with EMURGO and Kinka Gold, has introduced a gold-backed token called XNK, aiming to bridge traditional assets and digital currencies.
Cardano (ADA) has seen a 5% increase in price over the past 24 hours. This reflects the general cryptocurrency market's positive trajectory since the US Federal Reserve cut interest rates on Wednesday.
Cardano founder Charles Hoskinson is set to meet with Argentina's President Javier Milei in October to discuss the role of cryptocurrency in shaping the country's economy.