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
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
Charles Hoskinson recently shed light on the ongoing rumors surrounding a potential partnership between Cardano and Elon Musk. Despite numerous attempts to reach out to Musk’s companies, such as X (formally Twitter), Hoskinson expressed disappointment over the lack of response. Offering free work to combat prevalent issues like fake accounts and bots, his team’s efforts
Blockchain services provider STORM Partners recently made a significant announcement during the Web3Fest event in Switzerland’s renowned “Crypto Valley.” The company, along with major projects like Cardano (ADA) and MultiversX, introduced “Lightningbox,” a new Web3 Sandbox. This initiative marked a pivotal moment as STORM Partners also decided to relocate its headquarters from Montreux to Geneva.
Cardano, a prominent cryptocurrency, has been the subject of optimistic forecasts from various crypto analysts. One notable analyst, known by the handle @Av_Sebastian on X (formerly Twitter), has predicted a significant surge in the price of Cardano (ADA) to $2. This projection is primarily attributed to the upcoming Chang upgrade, which has generated excitement within
The crypto space is abuzz with speculations and predictions about the future price of Cardano (ADA). Crypto analyst Nick from the Cheeky Crypto YouTube channel has made an ultra-bullish forecast, suggesting that Cardano could reach a staggering $38 at some point. This prediction, however, comes with the disclaimer that it won’t happen overnight. Nick attributes
In a recent interview, Charles Hoskinson, CEO of IOG, made waves in the cryptocurrency community by openly criticizing Bitcoin and declaring its following as a ‘religion’. As the driving force behind Cardano (ADA), a profit-oriented company focused on building innovative software for the cryptocurrency market, Hoskinson’s comments shed light on the growing sentiment that the
The crypto market has shown signs of stagnation recently, with a decline in overall market cap. However, today’s increase in prices seems to have brought some relief. Ethereum (ETH) is currently trading at $2,977.88, marking a 2.6% increase over the past 24 hours. Its market cap has also grown by 2.64% to over $357 billion,
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
Cardano (ADA) has been gaining attention recently due to a significant reversal in its trading volume. Analysts have been making ultra-bullish predictions for the crypto token, with some even suggesting a peak price target of $9, $11, and even $32 for this bull run. Despite the current low trading price, there seems to be a
The Relative Strength Index (RSI) is a technical analysis indicator that measures the speed and change of price movements in a particular asset. It is commonly used to determine whether an asset is overbought or oversold. The RSI scale ranges from 0 to 100, with values above 70 indicating overbought conditions and values below 30
Despite Cardano experiencing a recovery from its April lows and maintaining momentum above $0.45, there are mixed sentiments about its future trajectory. A crypto analyst known as ‘More Crypto Online’ has predicted that the altcoin is poised for more decline. According to the analyst, Cardano is currently in its 3-wave corrective rally based on the
Recently, analyst Ali Martinez shared insights on Cardano (ADA) through a detailed price analysis that suggests the crypto might be gearing up for a parabolic run. Despite the lackluster price action observed, Martinez highlighted the signs of a potential comeback in ADA’s current price formation. The correction path ADA has been on since mid-March, when
Charles Hoskinson recently sparked speculation about a potential partnership between Cardano and Bitcoin Cash. Through a poll he conducted, Hoskinson raised the idea of leveraging technologies like proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo technology to enhance the performance of Bitcoin Cash. The poll received significant engagement, with over 11,800