Cardano (ADA) Price Archives - Cryptolifedigital

6May

By OLAJIDE SAMUELNo Comments

Cardano

Hoskinson and XRP: A Feud Simmers On

Charles Hoskinson, the creator of Cardano (ADA), recently attempted to clear the air regarding his ongoing disagreement with the XRP community and its parent company, Ripple. The comments aimed to address long-standing tensions and dispel conspiracy theories. Hoskinson vs. XRP: A History of Conflict Hoskinson and the XRP community have been at odds for some time. The recent flare-up centres on the "ETH Gate" theory, which alleges the SEC gave Ethereum preferential treatment compared to Ripple in their respective regulatory actions. Hoskinson vehemently denies these claims, dismissing them as speculation without evidence. Read Also: Shiba Inu: Stalled Recovery or Bullish Breakout? The SEC Lawsuit and the Birth of ETH Gate In 2020, the SEC filed a lawsuit against Ripple and its execut...

Cardano (ADA) Expansion Continues Unabated While Price Faces Resistance at $0.45

5May

By Kayode Oke MichaelNo Comments

Cardano

Cardano (ADA) Expansion Continues Unabated While Price Faces Resistance at $0.45

The recent developments on the Cardano blockchain have raised questions about ADA's performance, especially given its current stall in price growth. However, the continuous deployment and increased development activity on the network suggest that ADA's performance may soon experience an uptick. The Development Activity on Cardano In April, InputOutput, the research and engineering arm of Cardano, announced the launch of five new projects on the ADA blockchain. These projects were focused on deploying new scripts, developing new tokens, and releasing new versions to improve transactions on the network. While the specifics of these projects vary, they all share a commitment to advancing the capabilities of the Cardano ecosystem. Read Also: Bullish Signal Sparks Potential Recovery for Ca...

The Cardano Effect: $0.60 Price Projection Making Waves for May 2024

4May

By Kayode Oke MichaelNo Comments

Cardano

The Cardano Effect: $0.60 Price Projection Making Waves for May 2024

ADA Rises 15% as Bulls Pile on 250M Cardano Buy Orders Cardano (ADA) price witnessed a surge above $0.47 on May 4, which indicates that ADA is set for another leg-up. In April 2024, the crypto market entered a correction phase, which led to a struggle in the momentum of ADA. By the end of April 30, Cardano was trading at a two-week low of $0.43. However, when the crypto market recovery phase began in May, the low price of ADA drew investors towards it, resulting in a rapid climb of 15% from $0.43 on April 30, to reach a daily timeframe peak of $0.47 on May 4. Read Also: Bullish Signal Sparks Potential Recovery for Cardano (ADA) Price During April, the declining traction across the Cardano DeFi ecosystem was the major reason for Cardano's price struggles. Investors withdrew over ...

Bullish Signal Sparks Potential Recovery for Cardano (ADA) Price

4May

By Kayode Oke MichaelNo Comments

Cardano

Bullish Signal Sparks Potential Recovery for Cardano (ADA) Price

Ali Martinez, an experienced crypto analyst, has highlighted a noteworthy signal on the ADA daily chart called the Tom Denmark Sequential. This technical tool, widely used in the crypto market, previously signaled the top of the Cardano market. Tom Denmark(TD) Sequential Indicator Signals Bullish Development for ADA However, it has now presented a buy signal for ADA. This signal suggests a forthcoming rebound, potentially spanning one to four daily candlesticks, which could mark the end of Cardano’s recent corrective phase. Read Also: Terra Classic (LUNC) Price Prediction: Bullish Forecast with a Dose of Caution Cardano(ADA) Current Market Position Cardano, the 10th-largest cryptocurrency by market capitalization, has experienced a significant decline from its early March peak of $0...

Cardano (ADA) Shows Signs of Life, But Can it Reverse the Bearish Trend?

3May

By OLAJIDE SAMUELNo Comments

Cardano

Cardano (ADA) Shows Signs of Life, But Can it Reverse the Bearish Trend?

Cardano's ADA token has experienced a recent resurgence in interest, with its 24-hour trading volume surpassing $550 million. This uptick in activity is accompanied by a 4.43% price increase, bringing ADA to $0.4498 at the time of writing. However, despite this positive movement, the overall situation for Cardano remains complex. Since mid-March, ADA has been on a downward trajectory, marked by a series of lower lows and highs. This indicates a persistent bearish trend that the token has yet to overcome. Read Also: Ripple Moves Over 1 Billion XRP, Locks Back 800 Million in Escrow Reversal in Sight? To reverse the bearish trend, ADA needs to break above a key resistance level of $0.5761. Currently, the token is far from reaching this point. While there's a long way to go, some te...

Cardano Sees Surge in Large Transaction Volume, But Price Direction Unclear

30Apr

By Kayode Oke MichaelNo Comments

Cardano

Cardano Sees Surge in Large Transaction Volume, But Price Direction Unclear

On-chain data analysis firm IntoTheBlock revealed a significant increase in large transaction volume on the Cardano network. Over the past week, the daily average volume of ADA transactions exceeding $100,000 reached a staggering $13.84 billion. This represents a third of Bitcoin's transaction volume during the same period and a massive 16 times more than Dogecoin. The highest daily volume occurred on April 22nd, coinciding with a brief price recovery for ADA. Read Also: Ripple and HashKey DX Partner to Bring XRP Ledger Solutions to Japan's Financial Market https://twitter.com/intotheblock/status/1784884934630334669 Large Transaction Volume Not a Guarantee of Price Increase While the high transaction volume suggests increased activity on the Cardano network, it doesn't necessarily ...

Crypto Market Roundup: BlockDAG Presale Shines, XRP Breakout Looms, and Cardano Investors Bullish

29Apr

By OLAJIDE SAMUELNo Comments

Cardano

Crypto Market Roundup: BlockDAG Presale Shines, XRP Breakout Looms, and Cardano Investors Bullish

The cryptocurrency market offers a mix of news this week, with BlockDAG presale success, potential XRP price surges, and positive signs for Cardano all grabbing investor attention. BlockDAG's presale is setting the stage for a remarkable journey. Currently in its 10th round, the project has already surpassed its initial target and is now aiming for a $0.05 price point in its final batch. This meteoric rise, with a price increase of over 500% to $0.006 in just four months, positions BlockDAG as one of the best new cryptos to consider. Read Also: Frog Frenzy: Pepe Coin Rallies with Bullish Signals Abound BlockDAG's Success Factors Several factors contribute to BlockDAG's presale triumph. The release of its DAGpaper at the Las Vegas Sphere significantly boosted its profile and technol...

Crypto Founders Reiterate Core Values: Beyond Trading, Towards Freedom

26Apr

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Crypto Founders Reiterate Core Values: Beyond Trading, Towards Freedom

Crypto Founders Charles Hoskinson (Cardano) and Vitalik Buterin (Ethereum) are urging the community to refocus on the core principles behind the technology. Their messages, delivered on social media platforms, highlight a shared vision that extends beyond just trading digital assets. Hoskinson's Poetic Analogy Charles Hoskinson, co-founder of Ethereum and creator of Cardano, took a unique approach on X/Twitter, a social media platform. He quoted the lyrics "Crypto doesn't want to set the world on fire, it just wants to start a flame in your heart" from the 1938 song "I Don't Want to Set the World on Fire." This metaphorical message emphasizes the potential of cryptocurrency to ignite passion and inspire change, rather than simply disrupt the status quo. Read Also: Cardano On-Chain Met...

Cardano On-Chain Metrics Signal Bullish Turn Despite Investor Losses

26Apr

By OLAJIDE SAMUELNo Comments

Cardano

Cardano On-Chain Metrics Signal Bullish Turn Despite Investor Losses

Cardano (ADA) investors have been experiencing a rough April, with most selling their holdings at a loss. However, on-chain metrics are flashing buy signals, suggesting a potential price upswing despite the current bearish sentiment. Selling Pressure Lessens as Underwater Investors Hold On Data from IntoTheBlock's Global In/Out of the Money (GIOM) indicator reveals a key trend. While nearly 60% of wallet addresses are currently underwater on their ADA holdings, meaning they would incur a loss if they sold now, this situation might be stabilizing. The indicator shows that only 40.10% of addresses are currently profitable. Read Also: Terra Classic Community Rejects Gas Fee Hike, LUNC Price Takes a Hit This dynamic creates a scenario where further selling is less likely. Investors who...

Cardano Sees NFT Trading Surge Despite Coin Price Dip

25Apr

By OLAJIDE SAMUELNo Comments

Cardano

Cardano Sees NFT Trading Surge Despite Coin Price Dip

Cardano (ADA) has experienced a surge in NFT trading activity, even as the coin's price dips slightly. This uptick in NFT purchases suggests continued life in the NFT market, despite recent pronouncements of its decline. Cardano's Active NFT Market While the price of ADA has fallen 4.44% in the last day, trading volume remains strong. Cardano is processing significantly more NFT purchases, with data showing over 450,000 ADA tokens used for NFT purchases within 24 hours. This data contradicts recent claims of a dying NFT market, showcasing continued active participation. Read More: Cardano (ADA) Defies Bearish Trend, Shows Signs of Recovery Cardano's Price Dip The ADA token itself has seen a decline, losing nearly all the gains it made earlier this year. Cardano surged almost 100% by...