The cryptocurrency market has been in a state of flux lately, with many of the major cryptocurrencies experiencing a downturn. However, Cardano (ADA) has bucked this trend and seen its price rise steadily in recent days. Large investors are reportedly actively buying into the cryptocurrency, resulting in its price recording $0.3921, which is up by 3% from 24 hours ago, according to CoinMarketCap data on the 3rd of April.

This news comes as other major cryptocurrencies such as Bitcoin and Ethereum have been experiencing significant price drops, with stablecoins being the only ones to remain relatively stable. Despite the overall market downturn, Cardano has been performing well over the years, with a weekly return of over 13% and it has recently seen a spike in network activity.

According to Into the Block data, Cardano whales have been accumulating over 150 million ADA. This news could be an indicator of the confidence that these investors have in the future of Cardano. Furthermore, the recent spike in network activity could be attributed to rising market expectations as new Cardano-based projects continue.

@azcoinnews

On the 17th of last month, Cardano released a new node version v.1.35.6 that improved network performance and stability. The upgrade was designed to ensure network uptime and stability and improve overall resiliency. This upgrade is expected to attract more developers and investors to the Cardano network, further boosting its value.

Cardano founder, Charles Hoskinson, has tweeted that there are currently 1221 projects being created on the Cardano network, with 119 already launched. This news is a testament to the growing popularity of the Cardano network and could be a key factor in its continued success.

In conclusion, the current rise in Cardano’s price is a positive development in an otherwise challenging cryptocurrency market. The active buying by large investors, as well as the network upgrades and growing number of projects being created on the Cardano network, are positive indicators of its future growth potential. It remains to be seen whether Cardano’s current momentum will continue, but the signs are certainly encouraging.

#Cardano #ADA #ADAPrice #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

The Cardano (ADA) price grew by 30% in November and saw its second consecutive month-on-month bullish price performance. Traders have placed active orders to purchase a total of 41.7 million ADA at the current prices, which outpaces sell orders. 
Technical indicators are now bullish on its future, but alongside it, Everlodge (ELDG) is also picking up a lot of attention. The platform will disrupt the $82.63 billion global vacation rental market and introduce AI-driven elements that can project regions in which the industry can spike in value further.
Cardano (ADA) Has Two Successful Months – Is a Value Above $0.50 Possible?
Cardano (ADA) moved up in value from $0.29 to $0.39 during November, marking an overall price increase of 30%. The crypto also saw a 20% increase in October of the year, and vital on-chain metrics indicate that the bulls remain in control of the ADA markets.
According to data from IntoTheBlock’s Aggregate Exchange Order Books, there is a vital onc-hain metric that affirms a bullish outlook. Recent readings from the trading logs of 10 crypto exchanges indicate that Cardano bulls have the upper hand. Bullish ADA traders have placed buy-orders for 285 million ADA at an average cost of $0.38. Sellers have only put 276 million ADA up for sale at these prices.
Alongside this, popular crypto analyst Lady of Crypto has a bearish outlook for the cryptocurrency. This analyst noted that the network is facing significant challenges in keeping up with competitors. The first concern was the slow development of the network, as it emphasizes peer-reviewed, high-quality updates. 
The crypto industry is fast-paced, so this methodical approach can lead to slower development time. As for the recent Cardano price performance, its value did not pass over the $0.39 barrier. If the crypto price passes $0.40, the current Cardano price prediction places it at $0.572 by Q1 2024.
Everlodge (ELDG)’s AI Tool Will Monitor Global Property Prices in All Territories
Cardano still needs to break past $0.40 to reach new heights; in the meantime, Everlodge is picking up a lot of momentum. This upcoming project can disrupt the $82.63 billion global vacation rental market by introducing blockchain-based elements to the industry.
Traditionally, acquiring properties was difficult as most of them required millions in upfront capital. As a result, the asset class was locked only to the elite. But Everlodge will change this by introducing non-fungible tokens (NFTs) to the space. 
Instead of buying an entire property worth $10,000,000, for example, in Miami, it can be split across 100,000 pieces worth $100 each. This way, anyone can just buy a single fraction. 
This way, anyone can build a diversified portfolio and co-own numerous properties. As they appreciate, the NFTs will grow in value alongside them. If they get rented out, those with fractional ownership can get passive income.
The dedicated AI tool is accessible by token holders and will monitor and then scan all of the global property prices in all territories. This way, anyone can access up-to-date snapshots of a specific region where the property market can experience an upswing, providing them with high ROI opportunities.
At Stage 7 of its presale, the ELDG token is offered at $0.025. Once it’s listed on Tier-1 exchanges at launch, analysts project a 40x upswing in value. 
⚠️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.
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ADA Price (Cardano) Could See “Liftoff” if It’s Able to Hold One Crucial Level

Cardano’s price is attempting a recovery wave above $0.775. ADA could gain bullish momentum if it settles above the $0.3050 resistance zone.

ADA price is slowly moving higher from the $0.250 zone against the US dollar.

The price is trading above $0.275 and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support near $0.2780 on the 4-hour chart of the ADA/USD pair (data source from Kraken).

The pair could start a decent increase if it settles above the $0.3050 resistance zone.

Cardano’s ADA Price Eyes Upside Break

This past week, Cardano’s price started a decent recovery wave from the $0.250 support zone. The bulls managed to push the price above the $0.265 and $0.272 resistance levels.

It even spiked above the $0.300 resistance. A high is formed near $0.3047 and the price is now consolidating gains, similar to Bitcoin and Ethereum. It is trading below the 23.6% Fib retracement level of the upward move from the $0.2524 swing low to the $0.3047 high.

ADA is now trading above $0.275 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.2780 on the 4-hour chart of the ADA/USD pair.

TRADINGVIEW

On the upside, immediate resistance is near the $0.300 zone. The next major resistance is forming near the $0.305 zone. If there is an upside break above the $0.300 and $0.305 resistance levels, the price could start a decent increase. In the stated case, the price could even surpass the $0.320 resistance zone. The next key resistance might be $0.348, above which it could test $0.40.

Fresh Decline in ADA?

If Cardano’s price fails to climb above the $0.300 and $0.305 resistance levels, it could start another decline. Immediate support on the downside is near the $0.380 level and the trend line.

The next major support is near the $0.275 level or the 61.8% Fib retracement level of the upward move from the $0.2524 swing low to the $0.3047 high. A downside break below the $0.275 level could open the doors for a fresh decline toward $0.254. The next major support is near the $0.232 level.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is losing momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.280, $0.275, and $0.254.

Major Resistance Levels – $0.300, $0.305, and $0.348.

#ADA/USDT #ADA #ADAPrice #CARDANO $ADA

According to some analysts, there’s a belief that ADA (Cardano) might exceed the $10 mark soon after the BTC Halving in 2024.
Cardano’s ADA recently achieved a 19-month high at $0.67 and continues to show positive momentum, fueling optimistic projections for the upcoming year.
Analysts, including Dan Gambardello and Ali, are foreseeing notable price gains, with predictions ranging from $10 to $11 by 2024. Tyler Strejilevich goes even further, suggesting a potential 6,000% increase based on recent trends. ADA’s growing investor profitability is evident, with over half of ADA investors currently enjoying profits, and the total value locked in Cardano surpassing $400 million.
Cardano’s ADA Soars to 19-Month High
Cardano’s native token, ADA, has seen a remarkable surge, reaching a 19-month high of $0.67 earlier this month, as reported by CoinGecko. Despite a slight correction in the subsequent days, analysts maintain a bullish outlook, anticipating a rapid surge in the coming year.
Analysts’ Price Predictions
1. Dan Gambardello’s Optimistic Outlook: Founder of Crypto Capital Venture, Dan Gambardello, predicts that ADA could benefit from the upcoming Bitcoin Halving in April 2024. He foresees ADA’s valuation spiking to an all-time high of $11. Gambardello emphasizes that this forecast is grounded in straightforward data rather than mere hype.2. Ali’s Chart Analysis: Ali, a prominent user on Twitter, examined charts and past consolidation levels to set a price target of $10, potentially to be reached by the summer of 2024.3. Tyler Strejilevich’s Bold Prediction: Tyler Strejilevich, another Twitter user, presented the most optimistic forecast, pointing out a bullish weekly cross ADA recently experienced. Drawing a parallel to historical trends, he noted, “The last time this happened, it pumped 6,000% over the next 66 weeks.”
These diverse predictions reflect the varying perspectives within the crypto community regarding ADA’s future price movements. Investors and enthusiasts interested in a deeper exploration of ADA price predictions can refer to dedicated videos covering this topic.
Investors in ADA have reaped the rewards of its recent price surge, with 56% currently holding positions in profit, as indicated by IntoTheBlock data.
Furthermore, Cardano’s ecosystem has witnessed a substantial increase in total value locked, reaching record levels and exceeding the $400 million mark in recent days. This growth underscores the positive impact of ADA’s performance on investor portfolios and the overall health of the Cardano network.
⚠️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.
#CardanoADA #ADAPrice $ADA

Cardano [ADA] emerged as one of the best-performing large-cap cryptocurrencies lately, with impressive gains of 32% over the last week, according to CoinMarketCap.
After remaining largely contained while the rest of the market was rising, the eighth-largest digital asset found its groove in December, gaining 65% month-to-date (MTD).

A lot to cheer for ADA bulls
During the course, ADA jumped above the key level of $0.6, last visited in June 2022. This was construed as a strong bullish signal by popular technical analyst Ali Martinez.
Martinez predicted,
“With no significant resistance barriers in sight, the path looks clear for ADA to move higher.” 
 He cited $0.8-$1 as the next big challenge, breaching which would further give credibility to ADA’s bullish narrative.
Whales not very confident but…
Interestingly, ADA’s rally caused a dramatic spike in whale activity. As per AMBCrypto’s scrutiny of Santiment data, transactions worth more than $100,000 increased as the coin moved north.

Interestingly, most of the transactions leaned towards selling. After methodically accumulating coins while the prices were low, whales dumped their holdings at the first sign of profits.
Indeed, addresses holding between 1,000 – 1 million coins witnessed a dip since the 5th of December.

These liquidations indicated that whales were not very confident about ADA’s short to medium-term prospects.
AMBCrypto’s scrutiny of Hyblock Capital’s Whale vs Retail Delta (WRD) indicator painted a similar story.
Negative values showed that whales had lower long exposure than retail investors, meaning that they weren’t bullish on ADA in the derivatives market.
However, despite the value being negative, the WRD was seen increasing over the past month and a half. This suggested that whales were increasing their long exposure which was a healthy sign.

Will holders resist temptations?
Meanwhile, most ADA holders were tempted to book profits.
The current price was nearly 25% higher than the average price at which all coins were acquired, AMBCrypto’s analysis of Santiment’s MVRV indicator revealed.
Increased profit-taking had the potential to apply brakes on ADA’s momentum.
Having said that, the weighted sentiment continued to move into the positive territory. An optimistic view could restrict investors, allowing ADA to ride higher.

⚠️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.
#CardanoADA #ADAPrice $ADA