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,
Cardano
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
Toncoin recently made waves in the cryptocurrency market by surpassing Cardano in terms of market capitalization. According to CoinMarketCap data, Toncoin (TON) reached a market capitalization of $23.1 billion, edging out Cardano’s $21.5 billion. This shift in ranking among the top 10 largest cryptocurrencies highlights the rapid growth of TON in recent times. One of
The recent data from Cardano’s weekly development report indicates that the network has processed a total of 88.6 million transactions to date. This milestone is significant as it demonstrates the sustained network activity that could potentially have a positive impact on ADA’s price. One of the criticisms Cardano has faced in the past is being
Cardano (ADA) has once again captured the attention of cryptocurrency analysts, with a particular focus on its future trajectory. In a recent analysis, crypto analyst Alan Santana has presented a bearish narrative for the crypto token, suggesting that ADA’s price could potentially experience a significant drop. Santana pointed out that ADA’s recent breakout below the
Cardano (ADA), the proof-of-stake blockchain platform, has been making significant strides in various technological advancements. According to Input Output Hong Kong (IOHK), the engineering firm behind the Cardano blockchain, the platform has seen improvements across different areas. One notable improvement is attributed to the ledger team, which has enhanced test frameworks and data quality in
The recent drop in the Cardano (ADA) price below the $0.7 level has left many investors puzzled. However, a closer look at the market dynamics reveals a plausible explanation for this downward trend. Data from the crypto analytics platform Santiment indicates that whale transactions ($100,000 and above) on the ADA network reduced significantly after reaching
Ever since March 20, Cardano’s price has been relatively stagnant, ranging from $0.61 to $0.64. This lack of movement is in stark contrast to other cryptocurrencies such as Solana (SOL) and Avalanche (AVAX), which have experienced significant price gains. The on-chain data trends point towards a bearish catalyst behind Cardano’s underperformance in the market. One
In the ever-volatile world of cryptocurrency, recent market trends have shown a bearish sentiment affecting various digital assets, including Cardano (ADA). As one of the top ten cryptocurrencies based on market capitalization, ADA has experienced a retracement of nearly 20% in the past week after reaching a 22-month high of $0.810 on March 14. The
Charles Hoskinson recently addressed the fear, uncertainty, and doubt surrounding Hydra, a layer-two scaling solution for the Cardano blockchain. It was rumored that Hydra had been abandoned, but Hoskinson made it clear that the project is still very much active and productive. This is an important clarification to ensure that the community understands the ongoing