Recently, a crypto analyst known as ‘More Crypto Online’ has shared his thoughts on the future trajectory of Cardano (ADA). Contrary to the expectations of a rally, he believes that the altcoin is poised for further decline. According to the analyst, Cardano is currently in its 3-wave corrective rally based on the Elliot Wave Theory.
Cardano
Recently, Cardano founder Charles Hoskinson hinted at the possibility of teaming up with Bitcoin Cash (BCH) to enhance the performance of both cryptocurrencies. In a poll posted by Hoskinson on X, he proposed utilizing technologies like proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo technology to optimize the capabilities of Bitcoin
Cardano (ADA) seems to be experiencing a lackluster price action at the moment, but analyst Ali Martinez has shared his belief that the crypto might be gearing up for a parabolic run. Martinez discussed an intricate price analysis on social media, pointing out that ADA’s current price formation is showing signs of a potential comeback
Crypto prediction website Telegaon has shed some light on the potential future of Cardano (ADA) by suggesting that it could reach $45 in the year 2050. This price target represents a significant 8.900% price gain from its current level, making it an attractive proposition for ADA holders who have been disappointed by the token’s recent
The data from the analytics platform IntoTheBlock shed light on a concerning trend within the Cardano (ADA) network, revealing a significant dip in profitability for its holders. While established cryptocurrencies like Bitcoin and TRX boast a high percentage of holders in profit, Cardano stands out with only 35% of its holders currently seeing gains. This
The recent price crash of Cardano has left many investors in a state of panic. However, with the market showing signs of recovery, the ADA price has started to see some positive movement. Analysts are optimistic about this recovery, with some, like CobraVanguard, predicting a bullish trend towards $1. The recent crypto market crash, triggered
In the past month, ADA, the native token of the Cardano network, has experienced a significant decline of 18.77%. This negative price movement is not unique to ADA, as the entire cryptocurrency market has been impacted by the recent massive dips in the price of Bitcoin. Despite these troubles, popular crypto analyst Ali Martinez is
Cryptocurrency analyst Trend Rider has recently highlighted the potential for Cardano (ADA) to undergo a substantial price rally in the near future. According to Trend Rider’s analysis, there is a possibility for Cardano to reach as high as $3 once this rally occurs. The analyst pointed out that if history repeats itself, Cardano may be
Cardano (ADA) has recently experienced a decline in its price, dropping by over 28% after reaching a 23-month high of $0.808 on March 11. This decline has caused ADA to slip down to the 10th position among the largest cryptocurrencies by market cap. The Analysis of Trend Rider A crypto analyst, known as Trend Rider,
Investors and analysts have been closely watching Cardano’s (ADA) price performance, trying to predict its future trajectory in the cryptocurrency market. Despite being ranked ninth on CoinMarketCap, recent data has shown that ADA lost its spot in the top ten cryptocurrencies, being surpassed by Toncoin (TON) with a market capitalization of $23.3 billion compared to