cardano bull Archives - Cryptolifedigital

Cardano (ADA) Market Update: Navigating Downtrend and Exploring Future Predictions

8May

By Raliat IdrisNo Comments

Cardano

Cardano (ADA) Market Update: Navigating Downtrend and Exploring Future Predictions

Cardano (ADA), a prominent player in the cryptocurrency landscape, is currently grappling with market volatility and subdued investor sentiment. This article delves into recent technical indicators, contrasts market trends with AI predictions, and explores the future outlook for ADA. Technical Indicators and Market Trends Recent technical analyses paint a concerning picture for ADA. Trading volume and other key indicators have witnessed a decline, suggesting a potential continuation of the current downtrend. Additionally, the emergence of a "death cross" in ADA's moving averages, often interpreted as a precursor to selling pressure, further complicates the market situation. AI Predictions Offer a Glimmer of Hope In contrast to the broader negative sentiment, predictions from CoinCodex'...

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 Gears Up for Decentralized Governance with Chang Hard Fork

27Apr

By OLAJIDE SAMUELNo Comments

Cardano

Cardano Gears Up for Decentralized Governance with Chang Hard Fork

Cardano's highly anticipated Chang hard fork, scheduled for 2024, marks a significant step towards establishing a community-driven governance model within the blockchain ecosystem. This upgrade will unfold in three distinct phases, each contributing to a more empowered and participatory Cardano community. Empowering the Community through Delegate Representatives The cornerstone of the Chang hard fork lies in introducing delegate representatives (DReps). These elected officials will act as the voice of the Cardano community, allowing ADA holders to delegate their voting power and actively participate in shaping the platform's future. By delegating their ADA, users essentially entrust DReps to make governance decisions on their behalf, ensuring a wider range of voices are heard. Crafting ...

Cardano on the Rebound: Analyst Predicts $1 Target After ABC Wave Completion

23Apr

By OLAJIDE SAMUELNo Comments

Cardano

Cardano on the Rebound: Analyst Predicts $1 Target After ABC Wave Completion

Cardano (ADA) is showing signs of life after a brutal price crash in the last two weeks that mirrored the broader market correction. Analysts are cautiously optimistic about a sustained recovery, with one analyst, CobraVanguard, predicting a bullish run towards $1. Cardano Emerges from ABC Wave Pattern The recent market downturn, triggered by Bitcoin's plunge, forced Cardano and other altcoins into a dreaded ABC wave pattern. This technical indicator is known for causing significant price drops, often exceeding 50%. Read Also: XRP Poised for Bullish Run? Analyst Predicts Surge Based on Support and Legal Resolution CobraVanguard dissects the ABC wave in Cardano's recent price action. Wave A represents the initial fall from $0.8 to $0.57, followed by a corrective bounce (Wave B) to $...

Cardano’s Optimistic Start to the Week Sparks Investor Excitement

22Apr

By Kayode Oke MichaelNo Comments

Cardano

Cardano’s Optimistic Start to the Week Sparks Investor Excitement

Cardano (ADA) experienced a promising start to the week with a rise in value, offering a refreshing change from the significant drops observed in recent weeks. However, while daily analyses showed that the past week ended strongly, a closer look at the volume chart indicated a lack of convergence between investor activities and price movement. This inconsistency raises doubts about the sustainability of the recent trend. Read Also: Bitcoin Successfully Halves, But Price Impact Remains Unclear Despite a positive price trend, there has not been a corresponding increase in volume, failing to surpass the $500 million threshold. At the beginning of the week, the volume had risen above $1.3 billion, but it has since nearly halved to hover around approximately $402 million. This stagnan...

Cardano (ADA) Holders Sit Tight, Dampening Price Rally Hopes

16Apr

By OLAJIDE SAMUELNo Comments

Cardano

Cardano (ADA) Holders Sit Tight, Dampening Price Rally Hopes

Cardano's long-term investors are holding onto their tokens, potentially hindering a significant price upswing for ADA in the short term. This is according to an analysis by AMBCrypto, which looked at on-chain data from Santiment. Long-Term Holders Keeping ADA Out of Circulation The Mean Dollar Invested Age (MDIA) is a metric that indicates the average age of coins in circulation. A decreasing MDIA suggests investors are moving their tokens, potentially for trading. Conversely, an increasing MDIA signifies long-term holders keeping their assets off the market. Read Also: Cardano 28,372% Surge, What Does It Mean For Cardano? Cardano's 90-day MDIA jumped to 269 on April 15th, reflecting a decrease in network activity. Historically, this trend has correlated with a stagnant ADA price....

Grant Thornton Pensions Fund Selects Cardano as Fiduciary Manager

15Apr

By Tolulope ZaccheausNo Comments

Cardano

Grant Thornton Pensions Fund Selects Cardano as Fiduciary Manager

The Grant Thornton Pensions Fund, with £250 million in assets under management, has chosen Cardano as its fiduciary manager following a competitive selection process. Cardano will now handle investment advice, investment management, and risk management services for the pension scheme on behalf of its principal employer, professional services firm Grant Thornton. Read Also: Cardano Takes a Leap Forward with Hydra v.0.16.0 Launch Focus on Matching Liabilities and Delivering Steady Returns Cardano will employ a two-pronged approach to manage the Grant Thornton Pensions Fund. First, they will implement a segregated liability-driven investment mandate specifically designed to match the scheme's liabilities. Second, Cardano will create a dynamically-managed growth portfolio to ensure consis...

Cardano Takes a Leap Forward with Hydra v.0.16.0 Launch

15Apr

By OLAJIDE SAMUELNo Comments

Cardano

Cardano Takes a Leap Forward with Hydra v.0.16.0 Launch

Cardano's development team continues to push the boundaries of blockchain technology with the launch of Hydra v.0.16.0, a significant step towards unparalleled scalability and lower transaction costs. This update aligns with Cardano's roadmap, specifically the "Basho" stage, which prioritizes network scalability to accommodate the blockchain's anticipated growth. Read Also: Ripple (XRP) Slumps Alongside Market, But Bullish Analyst Foresees 1000%-3000% Gains Enhanced Capabilities with Hydra v.0.16.0 The latest Hydra version signifies tireless efforts by Cardano developers to bolster the network's infrastructure. Key features of v.0.16.0 include support for the new Conway block format and compatibility with Cardano-node v.8.9.0. To ensure seamless integration with the modified Hydra...

Cardano Price Prediction: Bullish Targets Up to $9.71 Envisioned by Cardano Ghost Fund Co-founder

8Apr

By CryptolifedigitalNo Comments

Cardano

Cardano Price Prediction: Bullish Targets Up to $9.71 Envisioned by Cardano Ghost Fund Co-founder

Cardano (ADA) enthusiasts have reason to cheer, with Chris, co-founder of Cardano Ghost Fund, outlining two potential price scenarios for ADA during the ongoing crypto bull run. These scenarios paint a rosy picture, with targets ranging from $7.77 to a more ambitious $9.71. Read Also: Terra Classic (LUNC) Price Prediction: Potential Surge After Bitcoin Halving? Playing it Safe: $7.71 Target Chris emphasizes that these predictions are for entertainment purposes only and shouldn't be taken as financial advice. His first scenario, considered conservative, hinges on the overall crypto market's direction. Currently, the global crypto market cap sits at $2.61 trillion, significantly below its November 2021 peak of $3 trillion. This discrepancy is largely due to altcoins lagging behind Bitc...

Cardano Price Surge: $10 and $20 Targets Eyed by Analysts, But Timelines Extended

7Apr

By CryptolifedigitalNo Comments

Cardano

Cardano Price Surge: $10 and $20 Targets Eyed by Analysts, But Timelines Extended

Cardano (ADA), a leading cryptocurrency, has seen its price drop recently, mirroring a broader market correction. Despite the slump, there's optimism within the Cardano community, with some analysts predicting significant price increases in the coming years. Cardano's Recent Price Dip The past week hasn't been kind to Cardano. Its price fell by 11.1% and has declined by 19.7% since last month. However, prominent market watchers remain bullish on ADA's future, with some projecting double-digit price tags – $10 and even $21 – being tossed around. Projected Timelines for the Surge Analysts at Changelly have revised their previous prediction of ADA reaching $10 by December 2030. Citing the recent market correction, they've pushed the timeline back to March 2031. Their forecast suggests a m...