In Brief Cardano traders have reduced activity as the Chang fork approaches, anticipating a “sell the news” event. Daily active addresses for ADA have dropped 31%, indicating reduced demand ahead of the upgrade. ADA’s price could drop to $0.27 if sell-offs occur or rise above $0.39 if the upgrade triggers a rally. Cardano’s (ADA) highly…
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In Brief ADA’s price decline caused most holders to book losses, with daily transactions in losses exceeding those in profit. At press time, ADA traded at $0.45, with 59% of holders “out of the money,” while only 37% held at a profit. Negative Elder-Ray Index and down trending RSI indicate bearish momentum, but MVRV ratio…
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In Brief Cardano names Giorgio Zinetti as new CTO. Zinetti to enhance Cardano’s blockchain tech. Focus on open-source and enterprise solutions. The Cardano Foundation, headquartered in Zug, Switzerland, and responsible for the cryptocurrency ADA, has announced the appointment of Giorgio Zinetti as its Chief Technology Officer (CTO). This initiative highlights the Foundation’s dedication to steering…
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In Brief Forbes labels Ripple, Cardano, Fantom as “zombie tokens” with high speculation. Ripple fails to meet banking revolution goals, shows minimal transaction fees. Cardano and Fantom lack real-world applications despite high market valuations. In a recent Forbes exposé, cryptocurrencies like Ripple (XRP), Cardano (ADA), and Fantom (FTM) have been highlighted as “zombie tokens.” These command multi-billion…
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In Brief Cardano’s price is currently in a descending/falling wedge, and a breakout hints at a 24% rise. Mean Coin Age has grown by 2.4% in the last two weeks, which shows conviction is much stronger than the whole of Q1. Given only 50% of the supply is in profit, ADA has room for upside…
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In Brief Cardano’s Treasury has amassed 1.5 billion ADA tokens valued at approximately $720 million. Observers explained that the growing Treasury reserves reflects tightened network activity. ADA’s price is on the cusp of a notable break-out, market analysts note, citing historical data. Cardano’s Treasury has hoarded 1.5 billion ADA tokens, worth over $720 million, which…
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In Brief Whales took advantage of the last dip to accumulate ADA, but this accumulation has stabilized over the past week. The number of short-term traders holding ADA is declining, potentially leading to reduced price volatility. EMA lines are indicating a consolidation pattern, yet there’s a potential for a golden cross to emerge shortly. Whales…
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In Brief Chainlink, Cardano, and Polkadot lead in development and community engagement. Significant increases in social activity and project contributions noted for these cryptos. Technical analysts remain optimistic about future price potential growth of these altcoins. Several altcoins have emerged as front-runners in terms of development and community engagement. According to recent blockchain analytics by…
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In Brief Charles Hoskinson has acknowledged ongoing investigations into a glitch affecting Nami wallet users. To address the issue, the Nami team has disabled ADAHandles temporarily until a solution is deployed. Despite the setback, ADA’s network activity has seen significant growth coinciding with a bullish trend. Cardano’s founder, Charles Hoskinson, has addressed ongoing investigations into…
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In Brief The SUI blockchain’s TVL has soared to $593 million, eclipsing Cardano, which is driven by a $310 million influx over the past month. SUI’s native token has mirrored the blockchain’s TVL, witnessing a 131% increase, highlighting rapid adoption and technological trust. Despite the surge, analysts like Trader XO and Adrian Zduńczyk have expressed…
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