Cardano In Danger Zone? Trader Drops ‘Time Bomb’ Claim

Cardano In Danger Zone? Trader Drops ‘Time Bomb’ Claim

Cardano’s short sellers are taking a beating. Over the past 24 hours, over $500,000 worth of short positions were liquidated as ADA hovered near $0.25 — a price point that one unnamed trader is calling a powder keg ready to blow. Related Reading: XRP Faces No Immediate Quantum Threat As Only 0.03% Supply Seen At Risk: Analyst Whale Activity Signals Quiet Accumulation Exchange data tells a quiet story of confidence beneath the surface. More ADA has been flowing out of exchanges than flowing in, a pattern that often shows up when large holders are pulling coins into private wallets....


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Cardano Slides Below $0.50 Alarming A Danger Ahead

Cardano is among the cryptocurrencies with higher impacts due to significant price slides. Price volatility remains one of the substantial discouragement and threat of virtual currency. Their swing in price could go beyond ten times in a single minute. A positive price move is always a favorable trend for a token and its investors. However, a price drop could pose a danger for both. The general crypto markets have been witnessing more downward trend recently. This has left several tokens on an expected price level even as some investors make massive sell-offs. Cardano seems to have entered....