Cardano is soaring, but can ADA gain another 380% to break its record high vs...
The price of ADA has surged by 170% in February to new all-time highs in U.S. dollars. Bitcoin’s (BTC) price has been consolidating in recent days, which kickstarted the rest of the cryptocurrency market. This frequently happens as Bitcoin starts to consolidate, it gives the chance for the rest of the market to catch up.Cardano (ADA) is one such cryptocurrency, which gained 170% in February alone with its price nearing $1 for the first time ever. Cardano's BTC pair is showing signs of lifeADA/BTC 3-day chart. Source: TradingViewHowever, lots of information can be derived from the BTC chart....
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Cardano is soaring, though Ada's price still has a long way to go to beat its record high vs. Bitcoin. Cardano's Ada received a fresh wave of optimism and buying volume on Feb. 26 that pushed its price to a new all-time high of $1.29, making it the third-ranked cryptocurrency by market capitalization. Data from Cointelegraph Markets and TradingView shows that Ada surged 27% from a low of $0.98 during the early trading hours on Feb. 26 to its new high at $1.29 on record trading volume. ADA/USDT 4-hour chart. Source: TradingViewMomentum for the project has been building throughout the month....
Cardano and Solana are the leading competitors for Ethereum as the top smart contracts platform. Their entrance into the space has been highly lauded as this will provide some much-needed diversification in the space. Activities are already underway on the Solana blockchain. However, Cardano has not had much in the way of activities on its blockchain since the launch of smart contracts capability. This has mainly been due to the fact that smart contracts capabilities debuted on the network less than two months ago and it will take some time for developers to test and deploy their....
Cardano has flexed its muscles in the latest iteration of inflows coming into the market. Inflows have been steady the past couple of months, currently at 13 consecutive weeks of inflows for the market. Bitcoin and altcoins alike have benefited from the inflows which have indicated institutional interest piquing in the market. However, Cardano looks to have enjoyed the most benefits amongst the altcoins from last week’s inflows. Cardano Leading The Pack Cardano saw positive inflows for last week which put it ahead of other altcoins. Total inflows for the week had come out to $151 million....
Cardano (ADA) forms bullish sentiments against tether (USDT) as the price of Cardano (ADA) aims to go higher with an imminent breakout above the current resistance. The price of Bitcoin (BTC) showed great strength after closing the weekly candle on a high, with the price holding above $21,700 for the first time in weeks. This has influenced most crypto assets, including Cardano (ADA), as the price aims to break out. (Data from Binance) Related Reading: Top 3 Reasons Why Cradles Will Make You Want To Try The Metaverse Cardano (ADA) Price Analysis On The Weekly Chart The price of ADA has....
Mining companies are soaring as bitcoin hits record highs.