Fresh wave of interest pushes Cardano near all-time highs
ADA recently came within a penny of its previous U.S. dollar all-time price high. Cardano (ADA) made a run at its all-time price high on March 18, following renewed retail interest in the asset. It ultimately hit a price of $1.47 on Thursday, based on TradingView data from the Kraken exchange — just short of its $1.48 all-time price high, set on Feb. 27.Cardano’s 1-hour chart shows the asset has made higher lows since its correction, riding an upward trendline. Price currently looks to have flipped the 50-period moving average, or MA, to support, at least as of the time of publication; its....
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Despite the ongoing wave of bearish price action for Cardano (ADA), the token appears to be attracting a notable amount of adoption and attention. Large capital is currently being moved in the leading network and altcoin, particularly from institutional players. Are Institutions Betting Big On Cardano? Lately, Cardano is experiencing a fresh influx of capital […]
Cardano has mostly flown under the radar recently, despite being one of the best-performing large-cap altcoins over the last year. Just like the ADA price, the Cardano open interest has also stealthily been on the rise and has even reached all-time high levels amid all the ruckus. Even with the market correction, the open interest […]
Cardano (ADA) has maintained a relatively steady upward trend over the past few weeks. Although the cryptocurrency was rejected at the $0.84 price level again last week, the current price action is still holding strong with only a minor drop in the past 24 hours. However, technical analysis deeply rooted in Elliott Wave theory now suggest a steep price decline could be looming for ADA, with a price target pointing as low as $0.42 in the weeks ahead. Bearish Elliott Wave Count Says Wave C Breakdown Ahead According to the Elliott Wave count presented in a technical analysis on TradingView,....
Input Output, which is a platform that drives the decentralised and smart contract platform Cardano, has now released the Cardano node 1.35.0. The Input Output team has announced via a tweet, that the release of Cardano node 1.35.0 has been successful. This development marks an important step closer to the Vasil Hard Fork. Cardano developers […]
A raft of smart contracts are listed on Cardano's explorer, but they are in a timelock and cannot be used yet. More than 200 smart contracts have been listed on the Cardano blockchain explorer following the Alonzo upgrade on September 13 — but there’s a catch. As of now, the 200 smart contracts listed are in timelock and cannot be used by developers until they’re released.The Vercel App currently puts the number of smart contracts readying to be launched at more than 2200.Smart contracts have been a long-anticipated feature on Cardano since its launch in 2017 and the functionality was....