Cardano (ADA) Signals New Upswing as Crypto Investors Buy the Dip

Cardano broke above $0.40 but quickly retraced 22% in the last two weeks. Social sentiment and recent buying patterns of crypto whales suggest that investors may be positioning for the next rally.  Cardano Flashes Bullish Signals On February 16, Cardano crossed $0.41, in a bullish move that sent its year-to-date performance above 67%. However, by … Read more

Cardano (ADA) Price Performance: In-Depth On-Chain Analysis

Cardano, the 8th largest crypto by market cap, has been surrounded by polarized opinions in the crypto community. ADA has faced its fair share of ups and downs as a large-cap cryptocurrency in recent years, with its price dropping by 82% in 2022 and then jumping by 45% in 2023. As the crypto market continues … Read more

Cardano (ADA) Price Cools After 68% Increase, but Is Second Phase Incoming?

The Cardano (ADA) price broke down from a short-term pattern and is nearing a crucial support level at $0.327. ADA is the native token of the Cardano network. Its founder, Charles Hoskinson, recently tweeted about whether the Cardano blockchain should add KYC to its Layer 1 protocol. He argues KYC verification can co-exist with a … Read more

Assessing How Cardano (ADA) Price Will Perform in February 2023

Cardano is a proof-of-stake layer-1 network coveted for its scalability and low transaction fees. ADA price has delivered an impressive year-to-date performance of 63%. Within the same period, its the total value locked (TVL) on the network surpassed $100 million.  Quite expectedly, this strong January performance has attracted a lot of whale attention. But how high can … Read more

Cardano Stablecoin (Djed) Launch Announced, How Will ADA Prices React?

The long-awaited launch date of the ‘Djed’ Cardano stablecoin has been announced. ADA prices have tanked today, but there could be a revival next week. On Jan. 25, the COTI Network announced that the Cardano stablecoin would be launched next week. It did not specify a day, but previous blog posts have indicated that it … Read more

Cardano Stablecoin Ecosystem Ardana Suddenly Halts Development

Ardana, a decentralized ecosystem that had been working on a Cardano stablecoin, has halted development because of funding and project timeline uncertainty. Some in the community have called it a scam. Ardana, a decentralized ecosystem on Cardano, has halted its development, much to the dismay of the crypto community. The project tweeted on Nov. 24 … Read more

Cardano to Get First USD-Backed Stablecoin by 2023, With New Privacy Blockchain and Token

Cardano will finally have its own fiat-backed stablecoin after one of its founding entities, EMURGO, announced that the USDA stablecoin will launch on the proof-of-stake network in the first quarter of 2023. EMURGO announced on Nov. 18 that the stablecoin would be fully regulatory compliant and designed to protect Web3 participants from the crypto market’s … Read more

Cardano (ADA) Price Prediction: Signs of a Market Bottom

Cardano (ADA) price has been moving upward since Oct. 21, gaining 22% in market value. Both the wave count and the RSI suggest that the correction is complete, and ADA could enter a new uptrend. The technical analysis from the weekly chart shows that ADA price has been falling since reaching an all-time high price … Read more

Charles Hoskinson Invites Dogecoin to Migrate to Cardano for Free

Cardano founder Charles Hoskinson says Dogecoin should become a Cardano sidechain and is willing to help the meme coin migrate free of charge. Charles Hoskinson made this statement in response to a tweet asking about what would happen to Dogecoin after Elon Musk bought the social media platform Twitter. Now that Twitter is in the … Read more

Cardano Whales Want ADA Price at $1, But Be Aware of a Bull Trap

Cardano (ADA) price witnessed record gains appreciating by almost 20% in 7-days as Cardano whales finally rejoiced.  With Cardano holders eyeing big gains as ADA price made a recovery above the key $0.375 level, there were still some roadblocks that the altcoin faced.  ADA Price: Quick Gains, Quicker Losses  Cardano price was down 87.52% from … Read more