Both XRP and Cardano (ADA) have found themselves on the receiving end due to heavy dumping by whales.
Bitcoin's fall below $90,000 is a negative sign, but the bulls are expected to vigorously defend the $85,000 level.
Cardano (ADA) showed strong resilience on Sunday, trading firmly despite difficulties that saw the ninth-largest crypto asset lose around 9% in the past week.
Charles Hoskinson, founder of Cardano, returns to the spotlight after responding to the criticisms of a former employee of Input Output Global (IOG). The discussion touched on key topics such as IOG's ADA holdings, the integration of stablecoin, and the future of the blockchain network.
TL;DR The crypto market loses momentum with drops of up to 9.35% in altcoins like Cardano, reflecting a generalized bearish trend. Bitcoin remains relatively stable with a 3.72% decline, maintaining a market cap of $1.8 trillion. Macroeconomic factors like a strong dollar, rising bond yields, and inflationary pressures are severely impacting risk assets.
The market seems unlikely to make a reversal, according to CoinStats.
The mid-range level at $0.98 has served as both support and resistance over the past six weeks.
Cardano (ADA) has shown some resilience, but the question remains: How soon before its price bounces from the recent lows? After a notable decline in value, ADA's future price action depends on several factors, including on-chain metrics, market sentiment, and broader crypto market trends.
The crypto markets are experiencing an extended bearish action as the bulls remain passive, not necessarily facing exhaustion after the latest rise. The pullback has wiped out the gains incurred in the past couple of days and may create a massive FUD among the market participants.
TL;DR Cardano founder Charles Hoskinson confirms discussions with Ripple to integrate the RLUSD stablecoin onto the Cardano blockchain. The RLUSD stablecoin, launched last month, has gained traction with listings on exchanges like Bitstamp and Bullish, with more expected soon.
Cardano founder Charles Hoskinson defended IOG's ADA holdings and development decisions while revealing a previously declined $3 million USDC integration deal, as the network continues work on technical improvements including BitcoinOS integration and the Midnight scaling project.
Cardano's price has dropped 13% over the past week, reducing the number of ADA coins held in profit. On-chain data reveals that Cardano's total supply in profit has decreased by 3.55 billion ADA within seven days.
FC Barcelona has tapped blockchain to improve fan engagement with benefits such as NFT incentives, crypto rewards, education, and job opportunities. Though announced in December last year via LinkedIn, the collaboration between Cardano and Barcelona gained traction over the weekend with increased conversations by Crypto Twitter (the crypto community on the X social media site).
Cardano founder Charles Hoskinson has revealed that his team is having discussions with enterprise blockchain company Ripple regarding the integration of the Ripple USD (RLUSD) stablecoin. "We are actively talking," he said in a recent post.
Cardano was in a slow and steady decline Sunday as founder Charles Hoskinson took to X to defend Input Output Global (IOG), the blockchain research and engineering firm, against criticism over its ADA holdings and the network's adoption efforts.
The overall cryptocurrency market seems confusing due to the significant price fluctuations in the past few days. Amid this market uncertainty, crypto whales appear to be accumulating Cardano (ADA) tokens, as reported by a prominent crypto expert on X (formerly Twitter).
On Jan.9, the Cardano Foundation and FC Barcelona announced a partnership as part of the Barça Vision program, aimed at modernizing the club's interaction with supporters. This collaboration leverages shared values of community participation and decentralized governance.
Pro-crypto policies, increased adoption, and strategic reserves are expected to fuel 2025's bull run. This optimism, coupled with the AI-driven revolution, has savvy investors looking for opportunities beyond Bitcoin and major altcoins. AI meme coins are redefining the crypto space, and iDEGEN is emerging as a “Bitcoin equivalent”.
Shiba Inu's lead developer, Shytoshi Kusama, has praised the success of Shibarium, the layer-2 blockchain network powering the Shiba Inu ecosystem.
Cardano founder Charles Hoskinson recently took to the X social media network to clarify that Input Output Global, the blockchain research and engineering company behind the popular proof-of-stake blockchain, will not contribute its ADA holdings to fund the integation of Circle's USDC stablecoin.
Cardano is consolidating within a critical price range, signaling a phase of market indecision. However, a substantial support zone at lower levels offers the potential for a bullish rebound, especially if a breakout materializes in the coming sessions.
The issue of stablecoin integration has long been a point of contention within the Cardano (ADA) community. Despite the growing influence of USDC and USDT on other blockchains, Cardano has yet to secure major partnerships with these stablecoins.
Cardano is now among the best-performing assets in the cryptocurrency market after regaining the crucial $1 threshold. For ADA, the move represents a major turning point after weeks of consolidation below this level.
ADA tapped $1 earlier today.
Cardano is struggling to reclaim $1.00 as market sentiment remains cautious and profit-taking intensifies.
Bitcoin continues to dominate the cryptocurrency market, altcoins such as Cardano and XRP have also gained significant attention. While Bitcoin often leads the charge, the impressive price movement of altcoins can provide fresh optimism for investors.
Coins colloquially labeled as “dino coins” have dominated the weekend's crypto gains, with XRP, XLM, and ADA enjoying substantial upticks over the past 24 hours. Leading this resurgence is XRP, boasting an 8.9% increase against the U.S. dollar as of Saturday.
Despite recent setbacks, Cardano (ADA) saw some resilience on the charts.
ADA, the native token of the Cardano blockchain, is poised for significant upside momentum after breaking out of a bullish price action pattern on the daily time frame. Following a prolonged price decline in the cryptocurrency market, the overall market is recovering, sparking a major rally in ADA and confirming the breakout.
Over the past month, Bitcoin (BTC) has posted significant gains, with traders eyeing a break above $100,000 before the end of the year. These gains have boded well for a majority of altcoins.
Cardano (ADA) price is facing critical pressure, trading slightly above $0.90 after significant declines. The cryptocurrency struggles to regain momentum amid broader market corrections.
Cardano has announced a partnership with FC Barcelona, one of the biggest football clubs in the world to revolutionize fan engagement and create global opportunities for the club.
The altcoin market was on a red-hot streak the previous week, with large-cap assets like Cardano, Solana, and Dogecoin posting double-digit profits. However, the past week's action has been a brutal opposite of the one preceding it, with the Cardano price declining recently by as much as it gained in the previous week.
Cardano founder Charles Hoskinson cheered XRP, crediting its leadership and dedicated community for having a defined purpose.
The Cardano blockchain and the legendary football club FC Barcelona have just officially announced a strategic partnership aimed at transforming the fan experience. This historic alliance between blockchain technology and one of the largest football clubs in the world promises to redefine fan engagement through innovative Web3 initiatives.
Cardano (ADA) has been grappling with price volatility over the past month, preventing the altcoin from reclaiming solid support at the $1.00 mark.
Cardano (ADA) is facing strong bearish pressure, leaving investors questioning its future.
La Liga's Barca is set on a goal this time: to drive fans' and supporters' engagement through the blockchain. Announced last December 2024, the Barcelona and Cardano collaboration aims to blend technology and sports to benefit its growing community of fans and sports enthusiasts.
As the price of Bitcoin (BTC) continues to fluctuate below the $100,000 price mark, altcoins like Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), and XRP are also in the spotlight. According to data insight from Santiment, the number of HODLers for these altcoins has fluctuated thus far this new year.
Cardano (ADA) has been grappling with significant market challenges recently, as a sharp uptick in whale sell-offs has pressured the price of the cryptocurrency. Over the past few days, whales have sold off more than 70 million ADA, intensifying the downward momentum and raising concerns among traders and investors about the coin's near-term prospects.
Crypto analyst Ali Martinez has provided a bullish outlook for the Cardano price. The analyst predicted that ADA could rebound to $1 following a potential price breakout.
Cardano (ADA) price has risen by 4% in the last 24 hours, attempting to reclaim the $1 price level, despite being down 12% over the past week. The recent rebound comes as ADA shows signs of stabilizing following a period of intense selling pressure.
Bitcoin's bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
Cardano (ADA) seems to be attracting interest from institutional investors after a stellar performance in 2024. Despite the slight pullback seen across the broader crypto market this year, Grayscale, the world's largest digital asset manager, is increasing its exposure to ADA.
De recente verkoop van miljoenen ADA-tokens door een Cardano-whale heeft de koers stevig doen dalen, met een verlies van meer dan 20% in slechts 48 uur. De prijs staat nu op $0,9352 en nadert kritieke support.
Cardano's recent plunge has sparked intense market turmoil, with investor sentiment shifting. Can a recovery be on the horizon?
The price of the crypto is recovering.
This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) Ethereum tried to move above $3,600 this week but was quickly stopped by sellers who came in force to push the asset back to the key support at $3,200.