Cardano’s ‘swelling’ wallets should have ADA investors gazing- Here’s why

Cardano registered a 55% increase in wallets as more investors continued to choose decentralized projects Long and short-term ADA positions remain in similar situations with considerable declines According to data from Cardano blockchain insights, wallets existing on the Cardano [ADA] network had edged closer to four million. This milestone meant that the Proof-of-Stake (PoS) blockchain had … Read more

Polkadot [DOT]: The v0.9.33 upgrade and its impact on your holdings

Polkadot implemented its v0.9.33 upgrade on 28 November DOT has since commenced a new bull cycle, and buying pressure has also rallied The price of DOT climbed by 7% since Polkadot deployed its v0.9.33 upgrade on 28 November, data from CoinMarketCap revealed. The v0.9.33 upgrade was part of the series of upgrades that developers of the … Read more

Cardano [ADA] now has $7 million in native tokens, but…

The Cardano blockchain has already passed a significant milestone with seven million native tokens. Data from the showed that 7,055,456 native assets have now been created on the Cardano blockchain using 65,652 different minting policies. The blockchain reached the six million native asset milestone in September. In terms of technology, Cardano’s native assets and … Read more

Cardano’s [ADA] development update is sure to leave you spellbound

Several promising developments happened in the Cardano ecosystem last week  However, metrics were not supporting ADA’s price recovery Input Output Global recently posted weekly statistics of the Cardano [ADA] ecosystem, which revealed quite a few interesting updates. The tweet mentioned that the total number of transactions on the blockchain reached 55.3 million, which was commendable. … Read more

Cardano moves closer to Stablecoin launch, ADA holders could benefit if…

Cardano will launch its algorithmic stablecoin Djed on January 2023 Cardano’s TVL and ADA’s price has been on a decline in recent weeks At the Cardano Summit on 21 November, Cardano announced that it would increase the scope of the network’s offerings by issuing a stablecoin. This would add Cardano to the growing number of … Read more

Cardano: Will ADA plunge below $0.3? Yes, as per this BTC maximalist who claimed…

Cardano’s price would trade below $0.3 before 2022 ends, according to a Bitcoin maximalist who asked the token holder to sell it for BTC. Price action indicated that ADA might fall further from its current price despite increasing volume  Cardano’s [ADA] deficiency in putting up an extraordinary performance has led to strong criticism from Bitcoin … Read more

Cardano [ADA] traders going long might not repent their decision, thanks to…

ADA retests support level of $0.3300 and a resistance level of $0.3407 Improved weighted sentiment, but ADA holders are still not locking in gains Cardano [ADA] has formed a price rally on the daily chart and shows a bullish market structure on the lower time timeframe. This is an impressive performance in an overall market … Read more

Cardano sees strong support at $0.31 — will the bears break this level too

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Despite the bounce to $0.375, the structure remained bearish $0.26 was the next significant support level to watch out for Cardano was in the grip of a hefty bearish trend. This has been the case … Read more

What Cardano’s 400% surge in addresses says about the sentiment of ADA investors 

Cardano’s active addresses climbed 4x despite declining market confidence Regardless of the spike, most parts of the ADA ecosystem remained in in the lurch, leaving ADA with less likeliness of exiting the bearish region  Since the investors’ loss of confidence in the market after the FTX crash, there has been little buzz surrounding crypto projects. … Read more

Is ADA no longer swimming with sharks? The latest stats have the answer

ADA has lost favor from the whales as its price plummets Cardano’s addresses, weighted sentiment, daily active addresses, and stakers plummeted last month In a recent update, crypto analytics firm Santiment revealed that whales and sharks had started losing interest in Cardano [ADA]. 📊 #Cardano has had a rollercoaster of a ride in 2022, mainly … Read more