Cardano (ADA) has been experiencing a notable decline over the past seven days, with the price dropping below the $0.41 mark. This decline is part of a broader trend affecting many altcoins, as they react to Ethereum’s significant drop in the last 24 hours. The recent movement represents a correction from a bullish run that
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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
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The recent distributed denial of service (DDoS) attack on the Cardano network showcased the network’s resilience in the face of malicious activities. Despite the attack, Cardano’s mechanisms and decentralized structure effectively mitigated the disruption, ensuring uninterrupted stability and operation. This demonstration of resilience has garnered praise from bullish investors and renewed confidence in the price
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
Crypto analyst Sebastian recently made a bold prediction, suggesting that Cardano (ADA) could potentially reach $3 this year. One of the key factors he pointed to was Cardano’s partnership with Argentina. The Cardano Foundation’s collaboration with Entre Ríos, a central Argentine province, aims to boost blockchain adoption in the country. This move not only benefits
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
The past month has seen ADA, the native token of the Cardano network, facing a decline of 18.77%, making it one of the many cryptocurrencies affected by the overall market downturn triggered by Bitcoin’s price fluctuations. Despite ADA’s struggles, crypto analyst Ali Martinez has expressed confidence in the coin’s ability to bounce back. Martinez’s optimistic
