Cardano (ADA) has experienced a significant surge in price over the last seven days, with gains of over 14%. However, on-chain data indicates that investors may be preparing to offload their holdings to secure profits. Santiment data reveals that an additional 12% of Cardano’s supply is now in profits, signaling a potential influx of selling
Cardano
In a surprising turn of events, Cardano (ADA) has recently been removed from the top 10 cryptocurrencies by market capitalization. This alteration marks a significant shift in the cryptocurrency market, as Cardano has long held a prominent position within the top echelons of the crypto industry. The downfall of Cardano can be attributed to a
The recent surge in Cardano’s trading volume has caught the attention of many investors in the crypto market. Data from various sources, including CoinGlass and CoinGecko, confirm a substantial increase in trading activity for ADA. In the span of just 24 hours, Cardano has witnessed a remarkable 150% surge in trading volume, totaling approximately $477
The recent crypto market crash, triggered by the decline in Bitcoin, has had a significant impact on altcoins like Cardano. While many investors may see this as a cause for concern, others view it as an opportunity to acquire Cardano at a discounted price. Crypto analyst Alan Santana is among those who believe that the
Cardano’s performance in July stood out amidst the overall crypto market downturn. The Cardano foundation reported a notable increase in on-chain activity, showcasing the network’s resilience and growing user engagement. Despite the broader market setbacks, Cardano continues to sustain and build momentum. The data provided by the foundation revealed that Cardano saw a modest yet
Cardano (ADA) is currently witnessing a surge in transaction volume, comparable to that of Ethereum. This rise in transaction volume, as reported by the market intelligence platform IntoTheBlock, indicates a wave of accumulation among Cardano’s large holders. In the last 24 hours, Cardano recorded a substantial transaction volume of $6.7 billion, almost on par with
Cardano (ADA) is currently facing a crucial juncture as it grapples with the possibility of an inverted hammer formation on its weekly chart. This pattern symbolizes potential buying pressure taking over early selling, hinting at a trend reversal from bearish to bullish. However, amidst this glimmer of hope, ADA’s technical indicators are sending mixed signals.
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
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
Dalmas is not just another crypto reporter; he brings a unique perspective to the industry that sets him apart from his peers. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles over the past eight years. His specialization in NFTs, blockchain,
