The latest weekly digital asset fund flows from CoinShares shed light on the ongoing dynamics among institutional investors when investing in altcoins such as XRP, Solana, and Cardano.
In a notable development, Cardano (ADA) has reentered the top 10 cryptocurrencies by market capitalization, driven by a notable 12% price surge over the past week.
After months of consolidating below the $1 mark, an analyst has observed that Cardano (ADA) could be primed for a potential parabolic rally based on the token's technical setup.
As the Bitcoin price stabilizes above the $63,000 level, the altcoins have picked up pace by adding significant valuation to their respective portfolios. Moreover, major altcoins such as ADA have experienced a similar action by breaking out of their major psychological levels.
Bitcoin remained steady above $63,000 on Tuesday, showing resilience after a brief rejection above $64,000. Despite minor fluctuations in the broader cryptocurrency market, Bitcoin held firm, while altcoins like Cardano and NEAR Protocol surged, leading gains by up to 7%. In the past 24 hours, Bitcoin dipped slightly by 0.2%, trading around $63,400.
For many years, Cardano (ADA) and Ripple (XRP) have been two of the most anticipated altcoin assets in the cryptocurrency arena. Cardano has been performing the worst, now trading at $0.35 down from the peak that was more than $1 earlier on, indicating a decrease of 130.58% for the last five months.
ADA is trading at $0.3698, marking a 1.65% increase. ADA is steadily climbing after finding strong support at $0.3120 earlier this month.
Cardano (ADA) has seen a 10% price uptick over the past week. The 11th crypto asset by market capitalization is poised to extend these gains by another 10%, but only if current buying pressure holds.
Cardano struggles with declining holdings, but positive funding rates offer hope.
Cardano (ADA) has captured significant attention in the cryptocurrency market, particularly for its ambitious goals of scalability, security, and sustainability. With a current price hovering around $0.3487 and a market cap of over $12 billion, many investors are keen to know whether ADA can rebound to previous highs and whether it will reach the much-anticipated $1 mark by 2024.
On the sidelines of the TOKEN2049 conference in Singapore, Charles Hoskinson, co-founder of Ethereum and Cardano, shared his thoughts in an interview with CNBC about the differing crypto stances of Donald Trump and Kamala Harris.
Helix Labs, a blockchain-focused startup, has raised $2 million in a pre-seed funding round, bringing its valuation to $40 million. The funding was led by Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group as per a company press release.
Since March, Cardano (ADA) has experienced recurring periods of significant price declines. However, crypto pundit Dan Gambardello, a popular analyst on the Crypto Capital Venture's YouTube channel, predicts a potential bullish reversal based on an analysis of the weekly and daily charts.
Bitcoin bears are defending the $65,000 resistance, but if it gives way, BTC and altcoins are likely to chase new all-time highs.
According to the recent CoinShares report, last week, institutional investors increased their bet on XRP, while withdrawing funds from ADA and the second largest cryptocurrency, Ethereum. The report was shared on the X platform by Chinese cryptocurrency blogger and journalist Colin Wu on his personal page.
Helix Labs has raised $2 million in a pre-seed funding round, valuing the company at $40 million.
Cardano price has been a focal point in the crypto market lately, with investors monitoring its price movements for potential breakouts. Every blockchain aims to grow, and Cardano is pushing in the right direction by embracing interoperability between itself and the Bitcoin network.
Every blockchain protocol, including Cardano (ADA), aims to grow, and in doing so, there is a huge need to interoperate with chains with huge liquidity. This is the case with Cardano, as a new bridge helps it connect to the Bitcoin network.
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.
ADA shows strong sentiment, with technicals and liquidity favoring a breakout.
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 interest rate cuts by the Federal Reserve have been hailed as a bullish catalyst, set to usher in a strong bullish wave. With investors hoping to make the most of this bull run, the 3 altcoins to buy are Cardano (ADA), Polkadot (DOT) and DTX Exchange (DTX).
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%.
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 $0.3517, reflecting a 2% decline over the past week.
Cardano's blockchain will soon feature its first major gold-backed token, Kinka Gold ($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.
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.