What Is The Possibility Of Cardano Touching $0.50 Mark? Let’s Explore
The crypto market has halted its brief bullish rally, with prices generally dropping; for example, Cardano (ADA) has lost 9% in the last 24 hours. Currently, Cardano is trading at $0.366. In recent weeks there has been an upsurge in most cryptocurrency prices due to the recent rally of bitcoin. However, experts believe the crypto winter is still on but nearing its closing phases. Related Reading: Bitcoin Bullish Signal: Supply Reaches All-Time High HODLing Levels The general slump in the big crypto players like bitcoin has hindered ADA’s full potential. Nevertheless, the....
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At the time of writing, Cardano looks promising on its charts. ADA had broken over the $1.10 mark yesterday and was currently priced at $1.20. The $1.10 mark for ADA had acted as a long-standing resistance mark for the coin. The break above the aforementioned level could push ADA to trade above the $1.20 mark over the upcoming trading sessions. The bullish force in the market seems to have propelled the prices of Cardano significantly. In the last 24 hours itself, ADA’s price grew by 6%. Continued trading above the $1.20 mark would help the bulls to breach the immediate resistance of....
Many investors have been left dissatisfied with Cardano’s performance this year due to the huge decline in the value of ADA, the native cryptocurrency of the blockchain. On-chain data shows that the percentage of Cardano (ADA) addresses that have been lost is already over 94%, and data points to the possibility of further losses soon. […]
Cardano price has brought the bulls back to its chart. In the last 24 hours, ADA has appreciated over 7%. This price movement could be termed a rally. ADA had made no progress in the last week. However, it has soared up considerably over the past 24 hours. Technical indicators have sided with the bulls as demand for the altcoin rose. If the current price momentum continues over the next trading sessions, ADA could expect the bulls to regain better control over the market. The demand for the altcoin showed considerable appreciation, which has led to an increase in the number of buyers on....
Cardano displayed bearishness on its chart at the time of writing. Over the last 24 hours Cardano fell by 7% on its chart. Broader market also displayed bearish spell over the last few days. Bitcoin was bordering the $20,000 mark and the altcoins followed suit. ADA had over the past few days crossed past the $0.55 resistance mark but it failed to sustain itself above that price mark. The bears have exerted pressure in the market and the technical outlook has also pictured bearishness on the chart. Bullish strength has been on a halt as market movers have significantly depreciated on their....
As part of its partnership with Near protocol, Ardana will build a bridge for asset transfer between Cardano and NEAR. Ardana, Cardano’s growing stablecoin hub, announced a strategic partnership with Near protocol on Nov. 23. The partnership allows for asset transfer between the two protocols in which Ardana will provide the bridging infrastructure.Ardana is a decentralized stablecoin hub built on the Cardano network. While Ardana (DANA) is its governance token, it will use dUSD as verified on-chain collateral to enable borrowers to take leverage on their Cardano (ADA) or other supported....