Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What's n...
ADA price is now in a notorious selloff area that coincided with the price crashing by 40% in January 2022. Cardano (ADA) inched higher on March 25, putting itself on course recoup a great portion of losses that it had incurred in the first two months of this year.Cardano: not so bullish yet?ADA's price jumped by around 7.5% in trading Friday, reaching $1.19 over a month after bottoming out at around $0.75. The Cardano token's huge rebound move netted around 60% in gains. Nonetheless, it remained at the risk of losing its upside momentum in the coming weeks.At the core of this bearish....
Related News
Despite the crypto market recovery, a large number of Cardano holders are still nursing losses, leading to speculations as to why this is the case. Data from IntoTheBlock shows that the altcoin is the worst performer in terms of profitability when it comes to the top 10 largest cryptocurrency by market cap, disappointing holders and long-term believers. Cardano Profitability Sits At Only 15% The Cardano profitability has remained low since the market crash of 2022 and even with the market recovery, the majority of investors are still underwater on their investments. This comes as the ADA....
Despite a largely volatile session, there have been a few tokens which managed to evade the red wave. Cardano rose to its highest level in over a week to start the weekend, as prices moved toward a key resistance level. Filecoin was another notable gainer, climbing by over 12% on Saturday Cardano (ADA) Cardano (ADA) was back in the green on Saturday, as the token rallied following recent declines in price. Following a low of $0.4499 on Friday, ADA/USD surged to an intraday high of $0.4769 to start the weekend. The move sees cardano move closer to its long-term resistance level of $0.4800,....
XRP remained close to a four-month high on Wednesday, following a recent breakout of a key resistance level. The token was above $0.4000 for a second consecutive session, which happened for the first time since June. Litecoin also edged higher, after prices rebounded following recent losses. XRP XRP continued to trade close to a four-month high on Wednesday, as bullish sentiment remained strong within the token. Following a low of $0.3774 earlier in today’s session, XRP/USD raced to a peak of $0.4215 on hump day. The move comes after the token broke out of its key price ceiling of....
It’s been quite a ride on the cryptocurrency rollercoaster this summer. The price of Bitcoin has rebounded after the Bitfinex theft caused price to plummet over 20%. It has now rebounded back to around $580 as the exchange has released details of reopening. Bitcoin Pares Losses, Bitfinex to Reopen. On August 2, Bitcoin exchange Bitfinex was breached for....
Cardano has begun another rally that has positioned it comfortably above $2. This recent change comes after the digital asset had taken a beating down over the past few weeks that has placed it in a continuous downtrend. Cardano was not isolated in this as the broader crypto market had seen numerous crashes and dips that dragged their value down. But as the trading day draws open on Friday, the crypto market has made significant recoveries that have pushed the market back into the green. In the early hours of Friday, ADA price climbed about 8% to once again break the $2.2 resistance. The....