Cardano (ADA) is in recovery mode on Monday following a steep decline from the $1.5000 axis on Sunday. The fifth-largest cryptocurrency now enjoys a bullish bias, as the broader cryptocurrency sentiment remains bullish. The bullish momentum surrounding Cardano also comes from the highly-anticipated Alonzo upgrade, which should go live in a few weeks. Last week, […]
ADA Price Analysis – July 20 When the sellers increase their pressure, the support level of $0.98 will be penetrated and the support levels of $0.83 and $0.73 may be tested. Inability to break down the $0.98 by the bears may lead to an increase in price to resistance levels at $1.11, $1.31 and $1.46. […]
The long-awaited Alonzo testnet (termed Alonzo White) went through on the Cardano (ADA) network on Wednesday. IOHK, Cardano’s host company, announced via Twitter yesterday. The announcement noted that: “We’ll monitor the new network closely over the next 24 hours while continuing to do further QA work on the node tonight. We’ll then review any feedback/results […]
Cardano has announced that some of its shorter-term goals include onboarding about 50 banks to use its native cryptocurrency (ADA). The CEO of the Cardano Foundation, Frederik Gregaard, revealed that three Fortune 500 companies could begin to use the token within the next three years and that this number could increase to ten by 2026. […]
At press time, over $30 billion worth of Cardano (ADA) has gotten staked to the network ahead of the milestone transition in the network. With this, one could predict that the network is in the process of laying the groundwork for broader network adoption and more price appreciation for the cryptocurrency. Cardano staking allows users […]
ADA Price Analysis – June 29 Should the buyers increase their momentum, the resistance level of $1.46 will be penetrated and the resistance levels of $1.64 and $1.87 may be tested. Inability to break up the $1.46 by the bulls may lead to a decrease in price to support levels at $1.11, $0.98 and $0.83. […]
Cardano (ADA) is up by over 11% over the past 24 hours and currently trades at $1.5800 in the mid-Monday session. This bull run is the largest one so far since the start of June. The recent market rally pushed Cardano’s market cap above the $49 billion price point. Regardless the market cap is still […]
ADA Price Analysis – May 11 When the bulls increase their momentum, the resistance level of $1.87 will be penetrated and the price may increase to the resistance level of $2.08 which may extend to $2.45 level. Should the sellers interrupt the bulls’ pressure and gain enough momentum, ADA/USD may decline to $1.64, $1.46 and […]
Cardano (ADA) recently released more information on its native programming language, Plutus, which network users can use to write smart contracts after the highly-anticipated Alonzo upgrade falls through. According to a blog post explanation by IOHK, the host company of Cardano, the Plutus contracts have parts that operate both on-chain and off-chain. The post also […]
