Cardano (ADA)

Bitcoin (BTC) Rejected Near $40K: Weekend Price Analysis

Bitcoin (BTC) Rejected Near $40K: Weekend Price Analysis

Bitcoin still failed to reclaim $40K, struggling around the $39K mark. Most alts remain somewhat calm today. Bitcoin tried to challenge $40K after losing $6K within a few days but failed to climb high. That had assets in the altcoin market stalling since yesterday, recording slight movements. However, Monero decoupled from broad market actions, registering a substantial price increase. BTC Struggles beneath $40K Indeed, the leading crypto struggled within the previous several days. The crypto recovered losses amid the Russia-Ukraine conflict recorded new monthly peaks. The upward moves had BTC touching $45K. However, bears emerged and pushed Bitcoin south again.…
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Ripple (XRP) Flips Solana and Cardano, Eyeing Top-5 Entry

Ripple (XRP) Flips Solana and Cardano, Eyeing Top-5 Entry

Ripple (XRP) has been among the top daily gainers. That comes amid bullishness that had the global crypto market cap surging past $2 trillion once more. XRP changes hands around $0.90 following a 20% upsurge within the past 24 hours, its market cap standing at $42.9 billion. The latest upward move had the remittance crypto flipping Solana and Cardano, preparing for a massive uptick to enter the sought-after top-5 crypto pack. Santiment, a data provider, reports that Ripple's latest price climb came as the project recorded growth in daily active wallets. It stated that XRP gained 37% over the past…
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Axie Infinity (AXS) Gains 17% as Bitcoin Steadies above $41K

Axie Infinity (AXS) Gains 17% as Bitcoin Steadies above $41K

Most assets in the cryptocurrency market calmed following a positive and volatile Saturday. Bitcoin stands beyond $41,000. Bitcoin kept its momentum to stay beyond the $41,000 level. The impressive leg up came after Bitcoin struggled beneath $40K for several weeks. Meanwhile, altcoins appear to stall following yesterday's significant gains. Axie Infinity (AXS) is one of the exceptions, with its double-digit upward move. Bitcoin Maintains beyond $41,000 As highlighted earlier, the world's largest crypto struggled around the $37K level and plunged beneath the mark on a few occasions. However, bulls tried to push BTC northward, taking it to value levels of…
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Cardano (ADA) to Overcome Hurdle at $1.15 – Price Analysis

Cardano (ADA) to Overcome Hurdle at $1.15 – Price Analysis

Cardano presents bullishness today. The altcoin trades near $1.071 at the moment. The nearest resistance stands at $1.15. Cardano witnesses corrections from its Saturday peak of $1.090. Though the price retraced towards yesterday's high near $1.090, breaking the descending channel translated to bullish signal or Cardano today. ADA/USD saw losses today, trading near $1.076, and might be ready to hit yesterday's peaks once more. The altcoin might be prepared to surge towards the following resistance zone at $1.15, the level where buyers can emerge for further uptrends. Cardano 24Hr Timeframe – ADA Consolidated Beneath $1 The crypto space presented a…
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Cardano (ADA) Back in Top Five Crypto-List amid 10% Upswing

Cardano (ADA) Back in Top Five Crypto-List amid 10% Upswing

Cardano's ADA stepped up during the weekend after sideways movements. The altcoin surged over $10% on 16 January. That way, ADA reclaimed its spot in the top-5 cryptocurrency list. While publishing this analysis, ADA traded a 9.10% high around $1.47, while its market capitalization stood at $49.2 billion. The latest price increase in the alt comes amid massive transaction volumes as enthusiasts await Sundae Swap. Messari data shows ADA blockchain recorded the 2nd-highest network activity outperforming Ethereum. Cardano appears to ride on massive developments. For instance, the platform saw 70 smart contracts launching in its blockchain within the past month…
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Price Analysis for Cardano Price to hit a 20-day SMA ($1.45) or Fall Below $1.10

Price Analysis for Cardano Price to hit a 20-day SMA ($1.45) or Fall Below $1.10

After a two-week plunge, it seems that finally, the cryptocurrency industry has started making a comeback. The industry has now started showing signs of growth and Cardano (ADA) seems to be one of them. For the first time in several weeks, it seems that Cardano is moving towards a rally. It was on September 2, 2021, when the price of Cardano managed to hit an all-time high of $3.10 per ADA. From September 2, 2021, until now, Cardano has reportedly experienced a 60% loss in its price, coming down to $1.24 per ADA. The data from TradingView shows that the…
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Cardano (ADA) Records Choppy Actions Ahead of Weekend Cardano Summit

Cardano (ADA) Records Choppy Actions Ahead of Weekend Cardano Summit

Cardano starts Friday with a somewhat bearish attitude, plunging below the $2.30 level due to cautious sentiment. That comes as market players wait for Bitcoin to crack the vital zone at $45,000. While writing these lines, ADA/USD trades at $2.28. The total crypto market recorded bearish moves at the start of this week. The market endured crashes due to the fading investor mood following the Evergrande calamity. Institutional investors were worried about a probable decline by the leading real-estate developer due to debt default. That forced them to stay away from riskier assets, including cryptocurrencies. Meanwhile, the bearishness started to…
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