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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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....
Cardano price started a recovery wave above the $0.5680 zone. ADA is consolidating near $0.60 and remains at risk of more losses. ADA price started a recovery wave from the $0.510 zone. The price is trading below $0.620 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.60 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.60 resistance zone. Cardano Price Faces Resistance In the past few days, Cardano saw a fresh decline below the $0.60 level, like....
The smart contract token cardano has surged in value during the last 24 hours after a metaverse project called Pavia launched. Seven-day statistics indicate that cardano’s price has spiked 30.9% over the week and took over the fifth-largest crypto market cap position on Sunday evening (EST). NFT and Metaverse Project Pavia Pushes Cardano’s Price Higher Cardano (ADA) has seen a price increase during the last seven days and 24-hour stats show ADA has jumped 9.5% against the U.S. dollar. Cardano is a smart contract network, similar to Ethereum, and during the last 12 months the....