In the ever-evolving realm of cryptocurrencies, Cardano (ADA) finds itself at a pivotal juncture, experiencing a significant surge of over 10%. This upward momentum indicates a strain of bullish sentiment enveloping the market. However, beneath the surface of this promising trend lies a nuanced reality: long-term holders are beginning to capitalize on their profits. Such
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In May 2019, the Federal Reserve made the decision to cut rates, triggering a 57% drop in Cardano’s price. The rates at that time were significantly lower than what they are today, and the national debt was also lower compared to the current level of nearly $35 trillion. The interest rates have now more than
In recent months, the Cardano (ADA) ecosystem has seen significant growth across various key metrics. Despite the bearish market sentiment affecting ADA’s price, the Cardano Foundation reported increased investor activity and blockchain usage. Smart contract transactions surged by 31%, metadata transactions grew by 20%, while simple transactions faced a decline of 49%. Overall, Cardano recorded
Recently, Cardano (ADA) has been experiencing trading just below a crucial resistance level at $0.33. The market has been immersed in fear and uncertainty, creating a challenging environment for investors. Despite this, some on-chain data from IntoTheBlock unveils a ray of hope for ADA, indicating that certain investors see this as an opportune moment to
Recent analysis by crypto analyst Dan Gambardello has shed light on the potential future of Cardano (ADA) amidst troubling forecasts of a US recession. With a substantial following on YouTube, Gambardello highlighted the unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. He drew parallels between
Despite the completion of its Chang upgrade, Cardano has seen a decrease in price. The Chang hardfork brought significant changes to the Layer-1 blockchain, including on-chain voting, enhanced smart contract capabilities, and a new governance structure. ADA holders now have the ability to participate in governance issues directly or delegate their voting power to trusted
Cardano has recently completed its Chang upgrade, symbolizing a shift towards a decentralized governance system where ADA holders can now actively participate in determining the network’s future course of action. This transformation marks a significant milestone in the evolution of Cardano and opens up new possibilities for the community. The Chang upgrade brings about several
Cardano (ADA) has been struggling to break out of its stagnant price growth pattern for several years, despite being a popular altcoin in the cryptocurrency space. However, a recent analysis by crypto analyst Max Maher has shed light on why Cardano has failed to perform as expected, while also offering a glimpse of hope with
Cardano and its native token, ADA, faced a significant decline in the second quarter of 2024, mirroring the overall downtrend in the cryptocurrency market. The price of ADA dropped by 39.7% to $0.39, while its market capitalization fell by 39.4% to $14 billion. This decline was attributed to an increase in circulating supply, leading to
In a recent video chart analysis, crypto analyst @XForceGlobal shared insights on Cardano (ADA), a cryptocurrency that many in the market are currently dismissing as a “dinosaur coin.” The analyst compared the current price action of ADA to that of Solana (SOL), pointing out similarities in their Elliott Wave structures. XForceGlobal highlighted that Solana went