Cardano (ADA) Sees Strong Momentum as On-Chain Data Shows Accumulation by Big Holders and Blockchain Activity Surges
Crypto traders are turning their attention to Cardano (ADA) which has seen a surge in accumulation by shark and whale addresses, holding the highest level of ADA coins in almost a year. On-chain data also shows an increase in activity on the Cardano network over the past six months, with blockchain analytics firm Messari reporting a surge in Cardano blockchain activity during Q2. The rise in activity can be attributed to the growth of decentralized apps, such as Minswap, and important upgrades to Cardano's performance for users. It remains to be seen if the ADA price can surpass $0.30 and continue to surge.
Cardano (ADA) Surges Following Ripple Lawsuit Summary Judgment and Sees Upgrades and Launches in Ecosystem
Cardano (ADA) experienced a significant increase in value after the recent Summary Judgment in the Ripple lawsuit against the SEC. The altcoin had previously been going through a long correction phase. If Cardano breaks through the resistance level of $0.334, it could reach $0.35, $0.382, and $0.42. Cardano has also seen several upgrades and launches, including the successful integration of ORCFAX oracle and the launch of Spectrum Labs and MuesliSwap's OptionFlow. Additionally, the adadomains app, which allows users to own a custom .ada blockchain domain as a native NFT on Cardano, went live on July 15, 2023.
Cardano (ADA) Drops Nearly 10% Amidst Broader Market Pullback, ADA Price Prediction and High-Risk Bitcoin Alternative to Consider
Cardano (ADA) has experienced a 10% decline on Friday due to a broader market pullback that has also affected Bitcoin. ADA is currently trading just above $0.32, down more than 15% from its multi-week highs. The recent market movements have been accompanied by high trading volumes, with ADA trading volumes close to $1 billion across major spot exchanges in the last 24 hours, according to CoinGecko. Despite the pullback, ADA price predictions remain bullish, with some investors seeing the dip as an opportunity to get involved once again.
Cardano's ADA Price Faces Uphill Task Amid Struggle Below $0.30 Zone
Cardano's ADA is struggling to stay above the $0.30 zone and could experience a sharp decline if it breaks the $0.2765 support level. The price is currently trading below $0.290 and the 100 simple moving average (4 hours), with immediate support at the $0.2815 level and a major bullish trend line forming.
Cardano's DeFi Total Value Locked Reaches All-Time High
July 4 (Cointime) - One way to measure the health of a blockchain network is by looking at the state of its Decentralized Finance (DeFi) ecosystem, specifically the Total Value Locked (TVL). Despite some price volatility, Cardano (ADA) has seen a subtle but notable growth in its DeFi TVL, reaching an All-Time High (ATH) of 557.62 million ADA coins locked on associated DApps.
NMKR Announces Support for Gaming Conference and NFT Creation on Cardano Blockchain
July 4 (Cointime) - NMKR, a provider of NFT creation, minting, and trading infrastructure on the Cardano blockchain, has announced its support for the upcoming gaming and eSport conference in Salzburg. The conference will release the LEVEL UP Citizen Pass on the Cardano blockchain, which offers many benefits to its holders.
Cardano's Voltaire Era: How Cardanians Will Vote with CIP-1694 Protocol Governance
June 30 (Cointime) - Cardano enthusiasts are preparing for the final phase of the blockchain's decentralization with the implementation of Voltaire. The protocol governance scheme for Voltaire, which includes an innovative on-chain governance mechanism, has been shared by Input Output Global (IOG), the development entity behind Cardano.
XRP, ADA, and ALGO Investors May Join Coinbase's Defense in SEC Lawsuit, Says XRP-Friendly Lawyer
June 29 (Cointime) - XRP, ADA, and ALGO investors may come to the defense of Coinbase, as suggested by XRP-friendly lawyer John E. Deaton. Coinbase has filed a motion to dismiss the SEC lawsuit against it, using the Major Questions Doctrine, which Deaton believes is a strong legal argument.
Cardano's Resilience in Bear Market Outpaces Previous Cycle, Says CEO of ITC Crypto
June 27 (Cointime) - Benjamin Cowen, CEO and founder of ITC Crypto, has highlighted Cardano (ADA) for its performance during the current bear market. Cowen's analysis shows that Cardano's resilience in the current bear market is outpacing its performance during the 2018-2020 bearish phase.
Cardano Community Concerned About Potential Massive Sell-Off of ADA by Robinhood and Celsius
June 27 (Cointime) - The Cardano community is currently discussing the potential for a large sell-off of ADA by major platforms such as Robinhood and Celsius, which has raised concerns about a significant dump.
