Cardano TVL Sheds $205 Million Since Hitting All-Time High
Cardano TVL has spiraled downward the past few days mainly because of the intensified crypto market correction and decline in investor interest. To date, the crypto has plunged to $120.86 million. With the rate it’s going, Cardano has chucked over $205 million in TVL since its all-time high of $326 million on March 24, 2022. Dubbed to be the eighth largest crypto by market cap, Cardano is said to be the blockchain platform patented for rainmakers and innovators. It’s a POS network that strengthens and provides sustainability to dApps and systems. Suggested Reading | XRP Whales Boost....
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Cardano (ADA) has successfully broken its previous all-time high to set a new one able $2.5. The price movement of the coin has been a tremendous one. ADA’s price has grown over 100% for the past month to settle at a new all-time high. Although the road here has been bumpy, it has been an interesting one. Both individual and institutional interest in the digital asset has in the past months. Money flowing into the asset has seen a significant uptick in the momentum of the coin. ADA price had crashed down from its all-time high back in May by over 100%, resting in the low $1 by the time the....
Cardano (ADA) has had one of the best performances over the last three weeks, surging over 200% toward a 2.5-year high. Today, the cryptocurrency rose over 20% to break above the $0.90 mark, fueling a bullish sentiment for the long-awaited $1 target. Related Reading: Ethereum Attempts Key Breakout: Analysts Set Next Target As ETH Reclaims $3,200 Cardano Makes New Year-High Above $0.90 On Friday, Cardano broke past the $0.81 resistance and skyrocketed toward the $0.90 mark, making a new year-high of $0.97. This performance represents a 22% surge in the last 24 hours, driving the token to....
Cardano (ADA) has been on a steady downtrend since September of 2021 after hitting its all-time high of $3.1. This has been one of the most brutal downtrends for its investors, the majority of which are now drowning in losses. However, as they say, that one man’s misfortune is another man’s come up, whales have seen this as a perfect opportunity to buy up as much ADA as they can. They have now ramped up their buying and have accumulated about $200 million worth of ADA in the space of a month. Whales Buy 194 Million ADA Over the past five weeks, Cardano whales have been busy accumulating....
Cardano (ADA) has shown no signs of slowing down as the asset’s price continues to rally. The aim remains to hit a new all-time high before the year runs out. The previous all-time high for the asset is recorded at $2.45 and a price crashing saw the asset losing more than half of that value in the months following it. Then a bull rally had been triggered again in the market, which had set cryptocurrencies all across the market recording massive gains daily. Related Reading | Bitcoin Dominance Down As Market Hits $2 Trillion, Altcoins Are Taking Over Cardano (ADA) was not left out of....
Cardano is now positioning itself among the rapidly growing blockchain networks by 24-hour transaction volume, surpassing Ethereum and threatening to surpass Bitcoin. Along with this demand, however, is its soaring price. The total number of transactions on Cardano has increased at around 500%, skyrocketing from 5.5 million in March last year to around 32 million this month, according to Google’s Cardano Blockchain Insights. ADA, Cardano’s internal cryptocurrency, currently has a total market cap of $29.245 billion. It is listed on the No. 7 spot in CoinMarketCap’s rankings of the....