Tag: Cardano

Crypto, News

Cardano’s Soaring NVT Ratio Signals Possible Price Correction Amidst Decreased On-Chain Activity

Cardano’s Network Value to Transactions (NVT) ratio has recently spiked to its highest level since June, signaling a concerning trend: on-chain activity has slowed relative to ADA’s price growth. This heightened NVT ratio is often viewed as a classic sign of overvaluation, and it’s particularly noteworthy in light of ADA’s […]

Market Analysis

CARDANO PRICE ANALYSIS & PREDICTION (October 24) – ADA Looks Bullish Amid Latest Dip, Can It Sustain Momentum?

As many altcoins shed losses amid the latest market fall, Cardano holds gain and continues to show strength daily. It is footing an upward movement but faces a minor resistance level. Since the price bounced back above $0.33 earlier this month, ADA has been struggling to regain momentum despite notable […]

Market Analysis

CARDANO PRICE ANALYSIS & PREDICTION (September 30) –ADA Meets Resistance At $0.4, Will It Surpass This Key Level?

Cardano’s short-term outlook is slowly turning bullish, following a new reversal pattern in the daily timeframe. The buyers look stuck after failing to overcome a key resistance level during yesterday’s surge. After a short pullback into the $0.32 range in the mid-month, Cardano climbed back and continued to post gains […]

Market Analysis

CARDANO PRICE ANALYSIS & PREDICTION (September 15) – ADA Sees 12% Recovery In A Week Following A Double-Bottom Formation, Will It Break? 

ADA’s bearish trajectory continued to suspend daily due to a recent bounce off a ten-month low. Despite appearing weak on the macro level, it has registered an impressive gain in the past week. Following last week’s bounce that led most altcoins into their minor gains this week, Cardano also posted […]

Crypto, News

Cardano Achieves $6 Billion In Transaction Volume, Celebrates Alonzo Hard Fork Anniversary

Cardano recently surpassed $6 billion in transaction volume within the last 24 hours, marking a significant milestone for the blockchain platform, according to data from @intotheblock. This impressive achievement coincides with the two-year anniversary of the Alonzo Hard Fork, a transformative event in the history of Cardano. JUST IN: Cardano […]

Crypto, News

Surge In Address Activity For Cardano, Quant, And Holo Signals Potential Crypto Rebound

As traders eagerly await a possible rebound in Bitcoin and the broader crypto market, three notable assets—Cardano (ADA), Quant (QNT), and Holo (HOT)—have seen a sudden spike in address activity. Historically, when coins experiencing a decline in value suddenly witness such activity increases, it often indicates a potential price bounce. […]

Market Analysis

CARDANO PRICE ANALYSIS & PREDICTION (August 24) – ADA Increases By 20% Near $0.4, Can It Flip This Key Level?

After remaining relatively calm throughout last week, Cardano regained momentum and advanced buying near a key level today. while the bulls appeared back in action, the trend remains bearish on a mid-term scale.   Starting this month on a bearish note, ADA dumped to the $0.28 level and later bounced back […]

Market Analysis

CARDANO PRICE ANALYSIS & PREDICTION (April 19) – Is ADA Poises For Another Sharp Turn Despite Losing 50% In 7 Weeks?

Amid negative market sentiment, Cardano ADA is down 26% weekly despite remaining indecisive for days. But it seemed the supply level is rising again following the current bloodbath – brews for another sell-off. Cardano took a sharp turn six weeks ago after increasing by 2x in five months to tap […]