Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, attracting the attention of institutional investors. The influx of capital from these investors suggests a growing interest in Cardano and could potentially signal an uptrend in the near future. CoinShares, a prominent firm in the crypto ETP industry, reported that digital
Cardano
The Cardano ecosystem is currently experiencing a surge in activity, particularly from large ADA holders known as whales. These whales have been actively moving ADA tokens, with recent on-chain data showing a peak of 17 billion ADA tokens being traded among whale addresses. This increase in activity has caught the attention of market observers, as
The Cardano market recovery has failed to bring relief to a large number of ADA holders who are still nursing losses. Data from IntoTheBlock paints a grim picture, showing that Cardano is the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This has left holders and long-term believers
Cardano (ADA) has experienced a significant decline in developer interest and activity recently. According to DeFi Llama, the number of monthly developer commits has dropped from 3,380 in May to 3,300 in June, and currently stands at less than 2,000 this month. This indicates a lack of enthusiasm and innovation within the Cardano ecosystem, leading
Born and raised in Edo State, Nigeria, I have always been surrounded by a strong support system that has molded me into the person I am today. My family, consisting of my parents and three siblings, has been the pillar of strength in my life. Their unwavering support and guidance have been instrumental in shaping
Market traders have noted a recent trend in heavy shorting of Cardano (ADA) and XRP, two cryptocurrencies that have been struggling to gain bullish momentum. The on-chain analytics platform Santiment highlighted this factor in a recent X post, suggesting that the increased short positions on these tokens could actually serve as “rocket fuel” for their
Cardano (ADA) has been receiving positive predictions from various crypto analysts, indicating a potential surge in its price. One analyst, Javon Marks, pointed out that ADA has been making significant progress since breaking the resisting trend. He highlighted the crypto token’s attempt to move towards the first target at $2.77709, suggesting that a recent pullback
The recent data revealed by analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The statistics indicate a significant dip in ‘profitability’ for ADA holders, with only 35% of them currently seeing gains. This stands in stark contrast to cryptocurrencies like Bitcoin and TRX, which show a much higher
In the volatile world of cryptocurrency, recent market trends have seen a sharp decline in the value of Cardano (ADA) following Bitcoin’s withdrawal from its latest all-time high. However, crypto analyst Dan Gambardello sees this pullback as a positive sign for the broader bull market. Gambardello’s analysis suggests that historical patterns indicate potential growth ahead
Cardano (ADA) has been making waves in the cryptocurrency market, despite the current slump in the overall market. LuckSide Crypto, a well-known crypto analyst, recently shared his positive outlook on Cardano in a YouTube video released on December 12th. In this article, we will delve into the analyst’s perspectives and explore the potential factors behind
