Cardano And XRP Shorting Activity Could Act As ‘Rocket Fuel’ For A Rally; San...
On-chain analytics platform Santiment has outlined a factor that could contribute to Cardano (ADA) and XRP enjoying further moves to the upside. Both tokens recorded relief pumps following the recent decline in the crypto market, but market traders believe this development is far from a bullish reversal. Heavy Trader Shorting Could Lead To Price Rises For Cardano And XRP Santiment claimed in an X (formerly Twitter) post that the heavy trader shorting which Cardano and XRP are currently seeing could be the “rocket fuel” for continued price rises for these crypto tokens. Santiment had also....
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The German government has recently begun selling millions of dollars worth of Bitcoin (BTC) from a confiscated wallet, further contributing to the lack of catalysts for a price recovery in the cryptocurrency market. The move comes as increased selling activity and unprecedented selling by long-term BTC whales have led to a sharp price correction, preventing Bitcoin from consolidating above $70,000 and retesting its previous all-time high. Whales And German Government Fuel Market Volatility According to blockchain analysis platform Arkham, the German government has initiated the process of....
Activity on the Cardano network has been on the rise recently. This has come from a lot of developers moving to the network to launch their decentralized applications (DApps) on the blockchain. The rise in activity has also resulted in a direct surge in the price of its native digital asset, ADA. Cardano Volume Surges […]
Cardano (ADA) has had an eventful year in terms of price action and ecosystem development. Network activity is surging, partnerships are rolling out, and the ADA price has pumped relatively well. The timing for all of this couldn’t be better, as money has been flowing back into the broader crypto market, and a rally looks […]
ADA, the native token of the Cardano blockchain, is on a bullish run. The token has gained over 13% in terms of price movements as it tries to recover its October losses. ADA also boasted significant gains earlier today; however, it is down 1.46% at $0.4046. Cardano’s weekly gains are not the only thing community members are celebrating. The blockchain’s NFT sector has also experienced substantial gains. Cardano community members also hope that some big changes will come to the blockchain this November. Related Reading: Dogecoin (DOGE) Rallies With Over 10% Gains; Will Price Finally Hit....
An important on-chain metric for Cardano (ADA) recently hit an all-time high (ATH), highlighting the confidence in the crypto token despite its underperformance. This and several other bullish metrics suggest that a significant rally may be on the horizon for Cardano. Long-Term ADA Holders’ Holdings Hit All-Time High The market intelligence firm IntoTheBlock revealed in […]