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Crypto Web3 Today
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Bullish
Cardano (ADA) Adds $2 Billion in 24 Hours Amid 62% Volume Surge.
Cardano (ADA) enthusiasts are rejoicing as the cryptocurrency witnessed an astonishing surge in price over the past 24 hours, adding a staggering $2 billion to its market value. The cryptocurrency market was taken by storm as ADA soared by over 12%, propelling its market cap to a whopping $18.88 billion.
The surge in price was accompanied by a
remarkable surge in trading volume, which
skyrocketed by an impressive 62% within
the same period. This surge in trading
activity has firmly established Cardano as one of the market leaders among the
largest cryptocurrencies in terms of returns
over the past day, ranking fifth in this
regard.
Cardano upsets bears.
Data provided by CoinGlass reveals a significant development in market dynamics, with ADA bears suffering a brutal blow. A total of 1.3 million liquidations were recorded with the Cardano token, of which a staggering 1.03 million were short positions - a clear indication of sellers' plight in the face of ADA's bullish momentum.
The increased trading activity on Cardano was anticipated, highlighting the heightened interest in ADA as early as yesterday. However, the extent of ADA's surge caught many off guard, particularly investors with bearish sentiments.
As of now, Cardano is trading at $0.53 per ADA, marking its highest value since the end of January. The burning question on everyone's mind is whether this momentum will sustain itself in the days to come.
While the future remains uncertain, there is no denying that ADA has undeniably seized the headlines today, leaving Cardano enthusiasts alike eagerly awaiting what the future holds for this dynamic cryptocurrency.
#Write2Earn
Cardano (ADA) enthusiasts are rejoicing as the cryptocurrency witnessed an astonishing surge in price over the past 24 hours, adding a staggering $2 billion to its market value. The cryptocurrency market was taken by storm as ADA soared by over 12%, propelling its market cap to a whopping $18.88 billion.
The surge in price was accompanied by a
remarkable surge in trading volume, which
skyrocketed by an impressive 62% within
the same period. This surge in trading
activity has firmly established Cardano as one of the market leaders among the
largest cryptocurrencies in terms of returns
over the past day, ranking fifth in this
regard.
Cardano upsets bears.
Data provided by CoinGlass reveals a significant development in market dynamics, with ADA bears suffering a brutal blow. A total of 1.3 million liquidations were recorded with the Cardano token, of which a staggering 1.03 million were short positions - a clear indication of sellers' plight in the face of ADA's bullish momentum.
The increased trading activity on Cardano was anticipated, highlighting the heightened interest in ADA as early as yesterday. However, the extent of ADA's surge caught many off guard, particularly investors with bearish sentiments.
As of now, Cardano is trading at $0.53 per ADA, marking its highest value since the end of January. The burning question on everyone's mind is whether this momentum will sustain itself in the days to come.
While the future remains uncertain, there is no denying that ADA has undeniably seized the headlines today, leaving Cardano enthusiasts alike eagerly awaiting what the future holds for this dynamic cryptocurrency.
#Write2Earn
Told youq
LIVECoinstages
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Cardano (ADA) Is Set For Meteoric Surge? Analyst Confirms 6000% Bullish Cross Is Back
Cardano (ADA) might be poised for unprecedented growth, following the reappearance of a previous trend that saw ADA spike tremendously to attain a remarkable price-high level.
According to a tweet shared on his official X handle, Tyler Strejilevich, a Youtuber and crypto analyst, revealed to his teeming followers how ADA spiked by about 6,000% following the appearance of a bullish weekly cross in June 2020.
#ADA is about to get a bullish weekly cross for the first time since JUNE 2020
The last time this happened it pumped 6,000% over the next 66 weeks
#cardano https://twitter.com/TylerSCrypto/status/1733286733788107151/photo/1
— Tyler Strejilevich (@TylerSCrypto) Dec 9, 2023
Tyler Explains What Could Play Out If Previous Trend Repeats
Per Tyler, ADA’s price chart indicates that the token will attain significantly higher prices. Showing his optimism about the digital asset’s potential price trajectory, the crypto expert described the impending appearance of the weekly cross as “Big.”
It is worth noting that the last time the weekly cross appeared on ADA’s price chart, the rally that accompanied it lasted for over a year. It is left to see how events unfold should the trend reappear, as envisaged by Tyler.
For context, ADA is changing hands at $0.55, implying that a surge of 6,000% will increase the coin’s price to about $33.55, which is far beyond its price all-time high of $3.09.
Cardano (ADA) Breaks Resistance Level To Attain New Heights
Per a recently published news article, ADA has successfully broken above resistance levels. Notably, the token achieved a new price peak in June 2022 after clinching a $0.63 price mark.
ADA’s price increase was accompanied by a significant surge in social and trading volumes, as crypto enthusiasts now appear to look up to the digital asset as an investment option.
Amid the buzz about ADA’s recent run of form, questions about the token maintaining its current momentum have emerged, which are left unanswered. However, the possibility of a corrective dip playing out remains a likelihood.
Cardano’s Current Market Statistics – Market Enthusiasts Expectation
Cardano (ADA) is currently ranked the 9th largest cryptocurrency by market capitalization. The digital asset boasts a market cap of $19,405,222,142 and a trading volume of $1,225,980,337.
In the past seven days, the token recorded a significant increase of about 35%, with maximum and minimum prices of $0.631526 and $0.397228, respectively.
For Cardano (ADA) holders, the token’s current standings have reignited new rays of hope and excitement. They hope that ADA maintains its momentum even as the bull market appears to be setting in soon.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
According to a tweet shared on his official X handle, Tyler Strejilevich, a Youtuber and crypto analyst, revealed to his teeming followers how ADA spiked by about 6,000% following the appearance of a bullish weekly cross in June 2020.
#ADA is about to get a bullish weekly cross for the first time since JUNE 2020
The last time this happened it pumped 6,000% over the next 66 weeks
#cardano https://twitter.com/TylerSCrypto/status/1733286733788107151/photo/1
— Tyler Strejilevich (@TylerSCrypto) Dec 9, 2023
Tyler Explains What Could Play Out If Previous Trend Repeats
Per Tyler, ADA’s price chart indicates that the token will attain significantly higher prices. Showing his optimism about the digital asset’s potential price trajectory, the crypto expert described the impending appearance of the weekly cross as “Big.”
It is worth noting that the last time the weekly cross appeared on ADA’s price chart, the rally that accompanied it lasted for over a year. It is left to see how events unfold should the trend reappear, as envisaged by Tyler.
For context, ADA is changing hands at $0.55, implying that a surge of 6,000% will increase the coin’s price to about $33.55, which is far beyond its price all-time high of $3.09.
Cardano (ADA) Breaks Resistance Level To Attain New Heights
Per a recently published news article, ADA has successfully broken above resistance levels. Notably, the token achieved a new price peak in June 2022 after clinching a $0.63 price mark.
ADA’s price increase was accompanied by a significant surge in social and trading volumes, as crypto enthusiasts now appear to look up to the digital asset as an investment option.
Amid the buzz about ADA’s recent run of form, questions about the token maintaining its current momentum have emerged, which are left unanswered. However, the possibility of a corrective dip playing out remains a likelihood.
Cardano’s Current Market Statistics – Market Enthusiasts Expectation
Cardano (ADA) is currently ranked the 9th largest cryptocurrency by market capitalization. The digital asset boasts a market cap of $19,405,222,142 and a trading volume of $1,225,980,337.
In the past seven days, the token recorded a significant increase of about 35%, with maximum and minimum prices of $0.631526 and $0.397228, respectively.
For Cardano (ADA) holders, the token’s current standings have reignited new rays of hope and excitement. They hope that ADA maintains its momentum even as the bull market appears to be setting in soon.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
Just have to hold and wait :)
LIVEdavut1karabulut
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Bullish
Cardano (ADA) Price Analysis: Potential for $11 Surge in Next Bull Cycle. 🐂🤑🚀
Cryptocurrency analyst Dan Gambardello predicts a significant surge in Cardano's (ADA) price, potentially reaching $11 in the next bull cycle.
ADA is considered one cycle behind Ethereum (ETH) by Gambardello, despite reaching above $3 in the previous cycle. Factors contributing to ADA's potential growth include the rise in Total Value Locked (TVL), the Vasil Hardfork upgrade, multi-asset ledger introduction, and upgraded consensus mechanism.
Current Market Performance:
ADA witnessed a 2.55% gain in the past 24 hours, reaching $0.3845. Weekly performance shows a 2.58% increase, positioning ADA positively in the market.
Price Movement:
ADA established a high of $0.3854 but experienced a slight correction, currently trading close to its 24-hour high. Daily low recorded at $0.3726, indicating resilience despite the correction.
Market Volume:
ADA's 24-hour trading volume saw an 18.47% drop, currently estimated at over $286 million.
Analyst's Perspective:
Gambardello emphasizes ADA's potential, citing network upgrades, increased adoption, and positive market indicators. Anticipation of Cardano's multi-asset ledger and upgraded consensus mechanism contributing to ADA's value.
#Ada #cardano $ADA
Cryptocurrency analyst Dan Gambardello predicts a significant surge in Cardano's (ADA) price, potentially reaching $11 in the next bull cycle.
ADA is considered one cycle behind Ethereum (ETH) by Gambardello, despite reaching above $3 in the previous cycle. Factors contributing to ADA's potential growth include the rise in Total Value Locked (TVL), the Vasil Hardfork upgrade, multi-asset ledger introduction, and upgraded consensus mechanism.
Current Market Performance:
ADA witnessed a 2.55% gain in the past 24 hours, reaching $0.3845. Weekly performance shows a 2.58% increase, positioning ADA positively in the market.
Price Movement:
ADA established a high of $0.3854 but experienced a slight correction, currently trading close to its 24-hour high. Daily low recorded at $0.3726, indicating resilience despite the correction.
Market Volume:
ADA's 24-hour trading volume saw an 18.47% drop, currently estimated at over $286 million.
Analyst's Perspective:
Gambardello emphasizes ADA's potential, citing network upgrades, increased adoption, and positive market indicators. Anticipation of Cardano's multi-asset ledger and upgraded consensus mechanism contributing to ADA's value.
#Ada #cardano $ADA
LIVETopCryptoNews
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Analyst Predicts 100% Increase Following Breakout Cardano
Cardano may not be a top gainer in the crypto market but that does not mean that it has fallen behind. During the altcoin rally, the price of Cardano’s native coin ADA has gone from a low of $0.25 to a high of almost $0.4 before correcting back downwards. This positive trend has been preserved even through the crypto market dip and it seems that there is only one thing in the way of Cardano’s rise to a new yearly high.
Falling Wedge Pattern Holds Back Cardano
According to a crypto analyst on the TradingView website, the one thing that is holding back the Cardano price from mounting a full-blown rally is a falling wedge pattern which it is currently stuck in. This falling wedge pattern has appeared as the ADA price has retraced and then eventually recovered.
The crypto analyst who goes by CobraVanguard identifies this falling wedge pattern as the important pattern to break for ADA. As with any cryptocurrency, if ADA is able to break out of this pattern, then a massive rally could follow, ending in a high peak.
CobraVanguard’s price target after breaking out of this falling wedge pattern is over the $0.7 level. Following this trend would mean that the ADA price could rise another 100% from its current level, putting it on a recovery path similar to that of Solana (SOL).
The initial target for this recovery is at $0.57 where a small retrace is expected. Afterward, the crypto analyst sees another surge that takes it straight through the $0.78 mark. Then just below $0.8 is where resistance is expected.
ADA Whales Ramping Up Their Activity
As the bull case for Cardano continues, the ADA whales are not being left in the sidelines. As data from IntoTheBlock shows, these large investors have been increasing their activities across the network, especially in the last day.
The number of large transactions on the Cardano network, that is transactions carrying $100,000 or more, jumped significantly in the 24-hour period. November 15 numbers came out to 4,320 whereas this number grew to 6,110 on November 16.
Naturally, the transaction volumes of these large investors are also up during this time. It rose from around $7.2 billion on Wednesday to more than $10.46 billion on Thursday, with more than 27.2 billion ADA moved across these transactions.
These trends among these large investors could suggest that the anticipation for a bullish run isn’t localized to just smaller investors alone. So whales could be waiting for better prices before they begin profit-taking.
$ADA #Ada #cardano
Falling Wedge Pattern Holds Back Cardano
According to a crypto analyst on the TradingView website, the one thing that is holding back the Cardano price from mounting a full-blown rally is a falling wedge pattern which it is currently stuck in. This falling wedge pattern has appeared as the ADA price has retraced and then eventually recovered.
The crypto analyst who goes by CobraVanguard identifies this falling wedge pattern as the important pattern to break for ADA. As with any cryptocurrency, if ADA is able to break out of this pattern, then a massive rally could follow, ending in a high peak.
CobraVanguard’s price target after breaking out of this falling wedge pattern is over the $0.7 level. Following this trend would mean that the ADA price could rise another 100% from its current level, putting it on a recovery path similar to that of Solana (SOL).
The initial target for this recovery is at $0.57 where a small retrace is expected. Afterward, the crypto analyst sees another surge that takes it straight through the $0.78 mark. Then just below $0.8 is where resistance is expected.
ADA Whales Ramping Up Their Activity
As the bull case for Cardano continues, the ADA whales are not being left in the sidelines. As data from IntoTheBlock shows, these large investors have been increasing their activities across the network, especially in the last day.
The number of large transactions on the Cardano network, that is transactions carrying $100,000 or more, jumped significantly in the 24-hour period. November 15 numbers came out to 4,320 whereas this number grew to 6,110 on November 16.
Naturally, the transaction volumes of these large investors are also up during this time. It rose from around $7.2 billion on Wednesday to more than $10.46 billion on Thursday, with more than 27.2 billion ADA moved across these transactions.
These trends among these large investors could suggest that the anticipation for a bullish run isn’t localized to just smaller investors alone. So whales could be waiting for better prices before they begin profit-taking.
$ADA #Ada #cardano
Wow!
LIVECOINNEWS
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🌩️ OpenAI's stormy saga continues as founder Sam Altman gets the boot, causing a domino effect of resignations! 😲
- Altman ousted as CEO for "not being candid" with the board; CTO Mira Murati steps in as interim CEO
- Co-founder Greg Brockman and senior researchers Jakub Pachocki, Aleksander Madry, and Szymon Sidor all jump ship
- Rumor has it that 40% of OpenAI employees are eyeing new roles, leaving the company's future uncertain
- Altman's next move? Cardano's founder invites him to join their decentralized large language model project 🤔
Stay tuned for more crypto drama! 🍿
- Altman ousted as CEO for "not being candid" with the board; CTO Mira Murati steps in as interim CEO
- Co-founder Greg Brockman and senior researchers Jakub Pachocki, Aleksander Madry, and Szymon Sidor all jump ship
- Rumor has it that 40% of OpenAI employees are eyeing new roles, leaving the company's future uncertain
- Altman's next move? Cardano's founder invites him to join their decentralized large language model project 🤔
Stay tuned for more crypto drama! 🍿
Btw, all the people that sees my posts and don't interact with it, just wanna let you all know that your opinions are important, i will read your comments! #social
Unveiling the Benefits of Cardano (ADA)
Cardano, the brainchild of Ethereum co-founder Charles Hoskinson, has emerged as a blockchain platform with distinctive features and a commitment to scientific principles. As the cryptocurrency landscape evolves, Cardano (ADA) stands out, offering a range of benefits that contribute to its growing prominence.1. **Sustainable and Energy-Efficient:** Cardano utilizes the Ouroboros proof-of-stake consensus algorithm, a departure from the energy-intensive proof-of-work used by some other cryptocurrencies. This shift makes Cardano more environmentally friendly and aligns with global efforts towards sustainable blockchain solutions.2. **Layered Architecture for Scalability:** Cardano's innovative layered architecture separates the settlement layer from the computation layer. This not only enhances scalability but also allows for modular upgrades, fostering adaptability to future technological advancements without disrupting the entire network.3. **Scientific Approach to Development:** Unlike many blockchain projects, Cardano places a strong emphasis on academic research and a peer-reviewed development process. This commitment to scientific rigor enhances the reliability and security of the platform, providing a solid foundation for its users.4. **Decentralization and Governance:** Cardano aims to achieve high levels of decentralization, distributing power among a wide range of participants. Furthermore, the platform is actively working towards implementing on-chain governance, allowing ADA holders to have a say in the decision-making processes, promoting a more democratic and inclusive ecosystem.5. **Smart Contracts and Programmability:** Cardano's development includes a computation layer that facilitates smart contracts. This feature enables developers to create decentralized applications (DApps) on the platform, opening the door to a variety of use cases, from decentralized finance (DeFi) to supply chain management.6. **Staking Rewards for ADA Holders:** ADA holders can participate in the network's security and earn rewards by staking their tokens. This staking mechanism not only encourages long-term investment but also contributes to the overall stability of the network by incentivizing active participation.7. **Global Partnerships and Social Impact:** Cardano has actively pursued partnerships and collaborations, with a focus on bringing blockchain technology to underserved and developing regions. This effort demonstrates a commitment to fostering financial inclusion and improving economic opportunities on a global scale.In conclusion, the benefits of Cardano extend beyond its technological innovations. With a sustainable and energy-efficient approach, a commitment to scientific principles, and a focus on decentralization and governance, Cardano positions itself as a formidable player in the blockchain space. As the platform continues to evolve, its impact on the industry and potential for positive social change make it a noteworthy contender in the cryptocurrency landscape.$ADA $BTC #Cardano
What is #ADA #CARDANO?
Cardano is a blockchain platform that was founded by Charles Hoskinson, one of the co-founders of Ethereum. Launched in 2015, Cardano aims to provide a more secure and sustainable blockchain ecosystem. The platform is named after Gerolamo Cardano, an Italian polymath from the Renaissance era.One of Cardano's distinguishing features is its commitment to academic research and a scientific approach to development. The platform is built on a layered architecture, separating the settlement layer that handles transactions from the computation layer that manages smart contracts. This design allows for greater flexibility and scalability.Cardano uses a proof-of-stake consensus algorithm called Ouroboros, which aims to be energy-efficient and environmentally friendly compared to traditional proof-of-work systems. This consensus mechanism involves a randomly selected group of validators who are responsible for creating new blocks and confirming transactions.The ADA cryptocurrency is native to the Cardano platform and serves as both a medium of exchange and a store of value. ADA can be staked in the network to earn rewards, fostering a more participatory ecosystem.The development of Cardano is guided by the Cardano Foundation, Input Output Hong Kong (IOHK), and Emurgo, each playing a role in promoting and advancing the platform. The team emphasizes a peer-reviewed development process, seeking input from academic experts to ensure the security and reliability of the platform.Cardano has also initiated various partnerships and collaborations, including efforts to bring blockchain technology to developing countries for financial inclusion. The platform's long-term vision includes incorporating on-chain governance to allow ADA holders to influence the platform's future development.$ADA #Cardano
#MyFirstFeedPost ¡Hola, Binance Square!
(ADA) Cardano va creciendo y este es el tiempo para invertir antes de que siga aumentando el precio. Aprovechen!
(ADA) Cardano va creciendo y este es el tiempo para invertir antes de que siga aumentando el precio. Aprovechen!