Browsing: ADA

In January 2024, the price movements of Fetch.ai (FET) reflect an optimistic outlook. The strong bullish momentum was evident in the price, which may cause it to break over the 50-day EMA and rise to new heights. Cardano (ADA) also demonstrated a notable upswing, suggesting that the cryptocurrency is in position for a notable advance and possible price increase in the upcoming trading sessions. Pullix (PLX) is likewise optimistic and may soon hit new highs. We will examine each cryptocurrency’s on-chart data separately to ascertain the reason behind its ascent. Fetch.ai (FET) is getting close to the $0.7 mark; might…

Cardano’s NFT sales volume increased by 60% to about $9 million in the last few months. In spite of this, during the past month, the cost of ADA, Cardano’s native coin, has decreased. Nonetheless, ADA’s price may rise soon, according to certain analysts. With a volume of about $327 million, Ethereum remains the market leader in NFT, albeit this amount shows a 25% monthly decrease. Both the on-chain trade volume and the total value locked (TVL) on Cardano have significantly exceeded the figures recorded at the start of December. At present, the former exceeds $330 million, while the latter indicates…

With a 63.82% approval rate, the Uniswap community has voted in favor of a temperature check proposal to invest in the Ekubo Protocol. A 20% stake in upcoming Ekubo Protocol governance tokens will be given to Uniswap DAO in exchange for $12 million worth of UNI tokens. On Starknet, Ekubo Protocol functions as an Automated Market Maker (AMM). The Uniswap community was voting on the temperature check proposal to invest in the Ekubo Protocol, as initially reported by Foresight News on October 25. With a 59.46% opposition rate as of October 28, at 11:59 Beijing time, the voting had concluded.

After several months of low activity, Minswap, the biggest decentralised exchange on Cardano, saw a huge improvement in a number of measures. The most recent DappRadar update showed that Minswap’s unique active wallets (UAWs) and transaction count increased by 89.85% and 63.05% during the previous seven days, respectively. Additionally, within the same time period, the volume rose by 16%. During this time, Minswap added 11.29k UAWs, 129.59k transactions, and $592.08m in trading volume. The huge activity that was observed on September 24th, when the volume of the DEX jumped to $6.86 million, is what caused the weekly data to soar.…

In the previous week, Ethereum (ETH) has increased by 4.8%, regaining its position inside the ascending triangle. The cryptocurrency may resume on an upswing and aim for $1,800 next if buyers manage to break over the current resistance. This week, Ripple (XRP) saw a 7% surge, and the coming days may see a buyer’s market dominate. The cryptocurrency might then try to break through the important obstacle. Cardano (ADA), which has seen a price increase of 2.7% this week, has surpassed the crucial resistance level at 25 cents. ADA can swiftly move to 28 cents next if it can overcome…

The “worst is over” for Cardano (ADA), according to cryptocurrency trader and analyst Dan Gambardello, who made the claim in his most recent YouTube video. He was alluding to the extreme promote pressure that had been plaguing the altcoin’s charts during the previous several months. However, he did issue a warning that the altcoin will likely continue to experience some volatility and sideways trading over the coming months. The most recent review of Gambardello was published two years after the ADA’s $3.10 all-time high (ATH). The main factor keeping the analyst optimistic about the future of the altcoin is the…

The Cardano (ADA) layer 1 proof-of-stake (PoS) blockchain system has revealed the most recent development activities taking place on Marlowe, which has a favourable environment for contract creation. According to an update from Enter Output Hong Kong (IOHK), the core protocol team is hard at work lengthening the run time to make room for more performance. The update also mentioned that the team is working to improve the protocol’s playground and its accompanying explorer. Marlowe’s recent deployment on the mainnet is evidence of how active the Cardano developer community is and how willing they are to constantly improve the protocol…

Invoice Morgan, a lawyer and digital asset enthusiast, believes that more people desire to buy XRP. According to Morgan, numbers show that only 221 accounts, which potentially represent less than 221 distinct consumers, now hold almost 30% of the total XRP circulating supply. He mentioned this in reaction to an XRP value conduct evaluation provided on Twitter by an XRP YouTuber known as Moon Lambo. Lambo examined the value movement of XRP in respect to Bitcoin and stated that human behaviour has an impact on it. He disagrees with people who attribute any significant dip in the XRP price to…

In a recent news release, the Dogecoin Foundation commented on the death of Balltze, better known in the digital world as “Cheems.” Balltze’s funny relatability has left a long-lasting effect on meme history, making him one of the web’s most beloved meme icons. Balltze, often known as “Ball Ball,” died on August 18, 2023, during a thoracentesis surgical procedure following an earlier examination of a malignant tumour. Ball Ball, who was born on January 9, 2011, rose to internet celebrity in 2017 after a photograph taken by his owner depicted him in a state of severe anxiety. This realistic picture…

With altcoins experiencing their third gloomy day this week, the BNB currency value is being heavily promoted by its traders. Binance coin value succumbs to negative market conditions after breaking below a bullish sample, resulting in a 5.78% loss in the last 8 days. When the BNB currency fails to advance above the 50-day EMA and $250, its value plummets precipitously, resulting in a rising channel fallout. With customers attempting to avoid a third consecutive bearish candle, the daily candle demonstrates lower price rejection. Binance coin value has dropped by 3.62% in the last two days, with an increase in…

Cardano (ADA) recently demonstrated astounding resilience. Regardless of the overall market’s swings, ADA has displayed some of the strongest recovery currently seen in the crypto space. Cardano is currently trading at around $0.2625, according to the most recent information. This value level, while still low, shows a significant rebound, especially when considering the Cardano community’s current troubles. The restoration is especially shocking given the community’s current liquidity concerns and lacklustre Total Worth Locked (TVL) effectiveness. According to current information, Cardano’s TVL is approximately $3.83 billion, which, while significant, has lagged behind a handful of its peers. The 200 Exponential Moving…

Cardano (ADA) whales with 100K-10 million ADA have accumulated to their greatest level since September 2022, according to a tweet released earlier this morning by the on-chain analytics platform Santiment. Since May 21, 2023, these whales have earned an additional $116.1 million in ADA. Furthermore, Santiment’s data showed that ADA’s on-chain transaction volume has been increasing over the last six months. There have also been back-to-back weeks with more than 67 billion in ADA transaction volume, the highest since September of 2021. ADA’s value increased by 0.40% in the previous 24 hours, leaving the Ethereum-killer trading palms at $0.2921 at…

Portfolio diversification is vital for fulfillment in crypto investments, as it is in all other investments. According to researchers, building the ultimate crypto portfolio should begin with Bitcoin Spark (BTCS), Cardano (ADA), and Shiba Inu (SHIB). Bitcoin Spark (BTCS) is similar to Bitcoin (BTC) at $1 Bitcoin Spark is a Bitcoin hard fork, which implies it has similar characteristics to Bitcoin (BTC), such as a supply cap of 21 million. Nonetheless, according to analysts such as Fomotion, Bitcoin Spark brings a variety of new features that set it apart and position it for extraordinary success. Because of increased individual transaction…

Ali, a cryptocurrency trader and analyst, stated in a tweet yesterday that Cardano’s (ADA) team has significantly more growing activity than Ethereum’s (ETH) team. According to the post, Cardano’s Github repository has three times the event activity of Ethereum. Meanwhile, according to CoinMarketCap, ETH has outpaced ADA in terms of value. Though each altcoin experienced minor losses in the preceding 24 hours, ETH’s value was only down 0.31%. This was a lower 24-hour loss than the ADA, which was 0.59%. As a result, ADA was trading at $0.291 whereas ETH was at $1,828.33 at the time of publication. ETH’s valuation…

Delisting digital tokens is becoming a hot topic in the cryptocurrency community, especially in light of the lack of clear legal guidelines. The CEO of Coinbase, a large U.S. cryptocurrency exchange, thinks it is unfair to eliminate 13 tokens, including Cardano (ADA), without providing a compelling argument. These tokens, despite a small portion of Coinbase’s offerings, are the subject of a legal dispute with the U.S. Securities and Trade Fee (SEC), which contends that they do not have the proper securities registration. To ease regulatory pressure, will Coinbase delist the token? On a larger scale, Brian Armstrong, the CEO of…

KuCoin, a notable participant in the world of cryptocurrency exchanges, has gained notoriety by taking third position in the month-to-month growth of market share on centralized exchanges. This accomplishment coincides with the present evaluation of exchanges by CCData, a benchmark administrator with FCA authorization and a global leader in digital asset information. In the July Alternative 2023 Evaluation, CCData painstakingly compared trade volumes and market shares across many centralized exchanges. According to their findings, KuCoin significantly increased its market share throughout July, outperforming its performance in June. This significant progress demonstrates KuCoin’s unwavering commitment to establishing itself as a serious…

Crypto trader and analyst Benjamin Cowen projected that altcoins will continue to “bleed” despite Bitcoin’s (BTC) strong performance in his most recent analysis of the cryptocurrency industry. In particular, the trader thinks that when the market reaches the third quarter of 2023, Cardano (ADA) might plummet to as little as 400 satoshis on the ADA/BTC chart. After printing a new low for this most recent market cycle at about $0.220, Cowen’s assessment for ADA is pessimistic. He also advised retailers to steer clear of ADA’s current BTC worth, which is about 1,000 satoshis. According to Cowen, if the BTC worth…

Recently, Celsius, a well-known player in the cryptocurrency lending and borrowing market, announced its intention to sell the altcoin holdings of its customers. On July 1, the divestment will start, only sparing Custody and Withhold accounts. Given that Cardano (ADA), Polygon (MATIC), and Solana (SOL) account for the largest share of the platform’s cryptocurrency reserves this increase is very important. Cardano has received praise for being a revolutionary force in the blockchain industry. The announcement, however, comes after ADA and SOL delivered unsatisfactory value performances, each of which saw its value decline by almost 30% recently. The decision has sparked…

The value of the Ethereum-killer fell to $0.23 as a result of the two cases filed by the U.S. Securities and Trade Commission (SEC) against Binance and Coinbase, in which Cardano (ADA) was classified as a security. Despite this, according to data from Santiment, a handful of ADA’s KPIs set yearly highs, indicating increased adoption. According to the blockchain analytics firm Santiment, ADA trading volume has increased recently, showing more community activity and interest in the coin. This increased volume of buying and selling indicates that traders are actively involved with the asset. Cardano’s daily active addresses reached a yearly…

For Cardanians, multi-pool staking with rebalancing will likely be available as soon as this year. Customers of the Atrium protocol are welcome to lock ADA using smart contracts and take pleasure in rebalancing between the most lucrative staking pools. 50 Cardano (ADA) swimming pools, single service: Describe the Atrium. According to a statement made by an official representative of Atrium Lab, Staking Baskets is set to be introduced in 2023 as the company’s solution for decentralized staking of ADA in a number of swimming pools. Cardano (ADA) supporters will be able to easily assign their ADA to several staking pools…