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
Cardano
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
Dalmas is a seasoned crypto reporter with a specialization in NFTs, blockchain, DeFi, and blockchain news. His background in mechanical engineering and journalism has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics reflects his comprehensive understanding of the crypto landscape. Dalmas’s technical expertise
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
Cardano (ADA) has experienced an impressive 20.29% surge in price over the past seven days, aligning with the current positive momentum in the overall cryptocurrency market. This surge has been accompanied by a significant increase in trading volume, allowing ADA to outperform many other major cryptocurrencies with large market capitalizations. The primary reason behind ADA’s
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The Cardano blockchain has been relatively quiet since the beginning of July, alongside an ADA price consolidation. As per on-chain transaction data, Cardano whales have also been relatively quiet since the last week of June. Daily whale inflows have steadied under 5 million ADA since the beginning of the month, save for a recent spike
Cardano (ADA) has recently experienced a significant 3.4% price increase in the past 24 hours, signaling a potential bullish reversal. This surge comes at a time when the broader cryptocurrency market is also showing signs of recovery, with Bitcoin and Ethereum seeing slight gains of 2.5% and 2.2% respectively. Technical analysis suggests that Cardano has
Samuel Edyme, popularly known as HIM-buktu, is a multi-talented individual with a diverse skill set. His career as a web3 content writer, journalist, and trader has shaped him into a unique individual in the crypto space. With experience writing for various industry giants such as AMBCrypto and Blockchain.News, Edyme has made a name for himself
A recent analysis by a crypto expert has brought to light a promising technical pattern in the Cardano price movements. This pattern suggests the possibility of a substantial rebound in the near future. This positive outlook has been further supported by another analyst who believes that Cardano may have already hit its lowest point and
