Cardano’s ADA price has dropped by 4.5% in the last 24 hours, trading around $0.351 during European trading hours. This decline has invalidated the previous bullish pattern on the Cardano chart.
Key resistance levels to watch are $0.46, $0.54, and $0.60. Despite the recent drop, investors remain optimistic about ADA’s long-term performance. However, if Bitcoin (BTC) does not show positive movement, ADA bulls may struggle to prevent further price declines.
ADA Price Analysis: Recent Drop and Future Outlook
Last week, ADA’s price was rising as traders anticipated a breakout from a falling wedge formation. However, Bitcoin’s downward movement invalidated this breakout, causing ADA’s price to fall to $0.3165. Following this drop, ADA rebounded by 18% to test $0.37 but struggled to break through this new resistance zone.
Currently, ADA’s Relative Strength Index (RSI 14) is at 37, which is 7 points above the oversold region but still below the RSI moving average. If ADA faces further selling pressure, it may enter the oversold zone, leading to high volatility. Conversely, if ADA can overcome the negative impact from Bitcoin, its price could potentially rise by 43% to reach $0.62.
Key resistance levels to watch are $0.46, $0.54, and $0.60. If the bears take control, ADA’s price might fall to $0.24, with key support levels at $0.336 and $0.28.
ADA Market Sentiment and Upcoming Developments
Despite recent price trends, Coinalyze data reveals a total LONG/SHORT ratio of 2.35 for ADA, indicating that 70% of investors are holding long positions while 30% are short. This suggests a strong optimism among market participants about ADA’s long-term prospects, with many viewing the current low prices as a buying opportunity.
The Cardano team remains focused on advancing the network’s ecosystem amid these price fluctuations. A notable upcoming development is the Chang hard fork, scheduled to occur in a few weeks. This hard fork will grant ADA holders voting rights, introducing community governance to the Cardano blockchain.
Additionaly, Cardano is poised to make significant strides in real-world asset collaboration, including a potential partnership with the Nairobi Securities Exchange (NSE).

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ADA #Cardano #CardanoADA #Germany #Bitcoin $ADA $BTC $BTC

CryptosHeadlines.com - The Leading Crypto Research Network:

The MuesliSwap team plans to give back money to users who lost funds because the DEX’s matching system caused big price changes.

The people in charge of MuesliSwap, a type of exchange using Cardano, have decided to give money back to users who faced high slippage issues in the past year.

They admitted that they didn’t explain the slippage feature in their system clearly enough.

Slippage means the difference in price when you try to do a transaction and when it actually happens on the blockchain.

Because of the way MuesliSwap was built, users were facing high slippage for a year.

MuesliSwap to Repay Users for Slippage and Fix Issue

MuesliSwap, the Cardano-based exchange, had a system where matchmakers connect buyers and sellers. These matchmakers could complete the order and either give back extra money from the slippage or keep it, which created confusion.

To fix this, MuesliSwap will use their own money to repay users who faced high slippage in the last year. They’ve also quickly worked to solve the slippage problem in their system.

Users Complain About Slippage on Cardano Exchanges

People have been talking about having problems with slippage on all Cardano decentralized exchanges (DEXs). On August 4th, a trader said that making a big trade on any Cardano DEX causes a big slippage, which reduces the value for traders a lot.

They said MuesliSwap was planning to create a DEX aggregator. This would help split big trades to limit the losses from slippage.

MuesliSwap is the fifth biggest thing on Cardano, with $17.3 million locked in it, as per DeFiLlama. But its value has gone down 27% since the start of this month and is 68% lower than its best point in April 2022.

In December, MuesliSwap made an “organic APR” feature. This increased the number of tokens given out as more people added their money into pools. It was a way to encourage people to put in more money.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Blockchain #Cardano #CardanoADA #muesliswap

The Cardano ecosystem pushes on toward innovation, with a new privacy-enhancing token protocol set to launch later this month.
Read more on: https://thecryptobasic.com/2023/11/20/cardano-to-welcome-first-privacy-token-protocol-this-month/
#cardano #CardanoADA #CardanoUpdate #CryptoTrends2024 #CryptoNews🔒📰🚫

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.

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.
#CardanoADA #CardanoSurge $ADA

According to some sources, the best case scenario for ada coin during the 2025 Bull Run is that it could reach $8 by January 2025. This prediction is based on the assumption that ada coin will follow a similar pattern to its previous breakout in 2021, when it surged by over 3,200% after breaking out of a long-term consolidation channel. However, this scenario also depends on various factors, such as the development and adoption of the Cardano network, the competition from other cryptocurrencies, and the overall market sentiment.What is your price prediction for $ADA for the 2025 Bull Run? Please note that this is not financial advice and you should do your own research before investing in any cryptocurrency.#Write2Earn #CardanoADA #ada #ADA/USDT

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User @SmaugPool, who identifies as a Cardano builder and developer, has introduced a proposal to reduce the current Cardano treasury tax from 20% to its initial rate of 5%. The proposal’s fate lies in the hands of the Cardano community, pending a vote. Currently, the effective treasury tax hovers at nearly 33%.

According to the developer’s estimates, the treasury accumulates approximately 30 million ADA per month, leading to a total of approximately 1.39 billion ADA as of November 7th.

ADA in Cardano Treasury | Source: Smaug Pool on X
Cardano Treasury: Funding Ecosystem and Community Projects
The Cardano treasury serves as a critical funding source for the development and maintenance of the wider Cardano ecosystem, while also supporting community-driven initiatives through programs like Project Catalyst. Overseeing the treasury is the Cardano Foundation, a non-profit entity.
In late October, Earn Coin Pool, a stake pool operator (SPO) within the Cardano network, put forth a Protocol Change Proposal (PCP) to reduce the treasury rate by 25%, bringing it down to 5%. PCPs allow for the adjustment of various Cardano network parameters, including the treasury rate, but they require approval due to the blockchain’s public nature.
The primary objective of this PCP is to lower the treasury tax rate to 5% or potentially even lower. Simultaneously, the proposal aims to gain insight into the factors influencing the “tau” parameter and the frequency of its adjustments.
This proposal could incentivize more SPOs to participate. Cardano, a proof-of-stake blockchain, relies on SPOs to validate and secure the network.
Stake Pool Operators and Cardano’s Treasury
Stake Pool Operators (SPOs) play a pivotal role by utilizing specialized software to validate transactions and append them to the blockchain. They are rewarded for their efforts in ADA, which can come from the pool’s fixed fee, typically set at 340 ADA, and an additional variable fee representing a percentage of the block rewards the pool earns.
With more than 3,100 SPOs in the Cardano network, they are randomly assigned to validate transaction blocks and receive corresponding block rewards. Notably, Cardano’s inclusive nature allows anyone to become an SPO, as there are no stringent minimum stake requirements.
Currently, the Cardano treasury tax stands at 20%, channeling 20% of transaction fees into the treasury, while the remaining 80% is distributed among SPOs involved in transaction validation during a given epoch.
As of Epoch 446, the Cardano treasury holds over 1.39 billion ADA, and this number continues to grow as the network processes additional transactions. From Epoch 431 to 443, the treasury consistently added 5 million ADA each epoch.

Source: ADAUSDT on Binance, TradingView
At the time of writing, ADA remains sturdy, trading near its July 2023 highs but below the $0.40 mark. While the uptrend persists, the true impact of a potential reduction in the treasury rate, pending community approval, on ADA’s demand and on-chain transactions remains to be seen.
Important Note: Cryptosheadlines.com neither supports nor assumes responsibility for the content’s accuracy, quality, advertising, products, or any other materials featured on this page. It is advisable for readers to conduct their independent research before making any cryptocurrency-related decisions. Cryptosheadlines.com holds no direct or indirect liability for any harm or loss, whether actual or claimed, arising from the utilization or reliance on any content, goods, or services referenced herein. Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Cardano #CardanoADA #ADA

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Cardano (ADA) has experienced a rollercoaster ride in recent months, keeping investors and crypto market watchers in suspense.

Cardano saw a consistent increase in its transaction volume during August, with heightened interest from both large investors and institutional players.
ADA’s Resilient Price and Notable Ownership Patterns
Cardano’s ADA exhibited promise by maintaining a steady $0.29 price, raising optimism in the crypto community. Santiment data revealed that ADA holders, possessing 100,000 to 10 million ADA, accumulated $116.1 million from May to August.
Analyzing the ownership distribution of Cardano uncovers intriguing details. Three prominent whales collectively held a significant 9.39% of the total supply, amounting to around 3.23 billion ADA. Another 140 investors possessed approximately 7.68 billion ADA, constituting 22.35% of the total supply as of August. Notably, the majority of ADA supply, roughly 68.26%, was in the hands of retail investors.
Cardano’s Post-Staking Activity and Whale Sell-Off in September
Cardano’s staking activity saw an increase with the legal victory of Grayscale against the U.S. SEC for its spot Bitcoin ETF as September neared. However, this excitement proved to be short-lived.
Data from Santiment unveiled that notable Cardano whales opted to offload a substantial portion of their holdings. In the initial week of September, they sold 1.02 billion ADA, amounting to approximately $265 million.
These whale accounts collectively held between 10 million and 100 million tokens, constituting 11.95 billion ADA, which represented 33.3% of the total token supply. This significant sell-off marked a notable event in the Cardano ecosystem.
A Pivotal November: Cardano’s Whales and the Crypto Market
In November, the crypto community was taken by surprise amid the ongoing market fluctuations. Notably, blockchain analytics website IntoTheBlock revealed that ‘big investors’ amassed a substantial 1.89 billion ADA, valued at $600 million. This accumulation occurred within the price range of $0.249 to $0.271, signaling a renewed faith in Cardano’s potential.
This captivating narrative of accumulation and distribution among Cardano’s whales and investors underscores the ever-evolving nature of the cryptocurrency market. Investors eagerly await to see the course Cardano will chart in the coming days. As always, only time will unveil what lies ahead for this promising token.
Important Note: Cryptosheadlines.com neither supports nor assumes responsibility for the content’s accuracy, quality, advertising, products, or any other materials featured on this page. It is advisable for readers to conduct their independent research before making any cryptocurrency-related decisions. Cryptosheadlines.com holds no direct or indirect liability for any harm or loss, whether actual or claimed, arising from the utilization or reliance on any content, goods, or services referenced herein. Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Cardano #CardanoADA #ADA

According to market analyst Dan Gambardello, Cardano (ADA) is facing obstacles that are holding back its growth.
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Despite its potential, Cardano is not gaining the traction it deserves due to what Crypto Capital Venture founder Dan Gambardello describes as “unique” and “massive” challenges.

Challenges Faced by Cardano (ADA) Identified by Top Analyst
According to the top crypto analyst, Dan Gambardello, the challenges facing Cardano have complex origins. He highlighted two main causes contributing to these obstacles.

Gambardello emphasized that Cardano is facing a metaphorical “blockade” within the industry. This blockade is fueled by false data and negative narratives propagated by prominent players and venture capital firms. He likened Cardano’s situation to being excluded from a lavish party where billions are being spent, despite still being among the top ten cryptocurrencies.

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One perceived cause of the Cardano challenge is the misreporting of data by crypto analytics firms or their outright omission of Cardano’s data. Gambardello suggests that these firms may overlook Cardano because it doesn’t align with their investment goals, focusing instead on promoting projects that do. Many of these analytics providers are backed by influential venture capitalists like FTX Ventures, further exacerbating the issue.
Also Read:   Avalanche (AVAX) Jumps 9% After Board Expansion
Gambardello highlighted instances where executives of reputable analytics firms publicly criticized Cardano. For example, Cardano Founder Charles Hoskinson recently responded sternly to a comparison between ADA and Solana’s price movements, indicating potential bias in how Cardano is perceived and discussed within the crypto community.

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Negative Narratives and Media Influence on Cardano (ADA)
Perpetuation Through Media: Top crypto players perpetuate negative narratives about Cardano primarily through media channels, according to Gambardello. These narratives are spread to influence opinions and shape perceptions within the crypto community.
Influence of Venture Capitalists (VCs): Gambardello suggests that venture capitalists hold significant sway over many media companies due to their support for portfolio projects. This influence allows them to manipulate information more easily, regardless of its accuracy.
Impact on Reputation: Such tactics ultimately tarnish the reputation of the crypto project. Despite Cardano’s efforts to overcome these challenges, its native token ADA is currently experiencing a 1.89% decrease, trading at $0.6971. While ADA strives to reach $1, the widespread dissemination of false data, as highlighted by Gambardello, continues to negatively impact its market value.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#CardanoADA #Altcoin #Cryptocurrency #CryptoNews #ADA $ADA

#Cardano founder Charles Hoskinson has denied playing any role in the controversies surrounding William Hinman’s #crypto speech.  

Read more on: https://thecryptobasic.com/2023/08/05/cardano-founder-denies-involvement-in-hinman-speech-saga/

#CardanoADA #crypto #crypto2023

Cardano founder Charles Hoskinson has taken to X to explain how decentralized protocols operate.

Read more on: https://thecryptobasic.com/2024/01/26/hoskinson-reacts-to-statement-that-cardano-cannot-advertise-like-solana/
#CardanoADA #CardanoCommunity #Crypto #CryptonewswithJack #CryptNews

Cardano founder Charles Hoskinson sought to clear the air after new evidence emerged about his past involvement with the Ethereum Foundation.
Read more on: https://thecryptobasic.com/2023/11/20/cardano-founder-debunks-pathological-liar-claims-as-new-evidence-from-ethereum-days-emerges/
#CardanoUpdate #CardanoADA #CardanoCommunity #CryptoTreasure #CryptoNews🔒📰🚫

Today’s crypto market shows a mixed picture for top cryptocurrencies. Bitcoin’s price remained stable, while Ethereum (ETH), XRP, and Cardano (ADA) saw gains.
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Cryptocurrency prices saw some ups and downs today. Bitcoin (BTC) held steady above $52,000, showing little movement. However, Ethereum (ETH) continued its upward trend, breaking past the $2,800 mark for the first time in two years. Alongside Ethereum, other major altcoins like XRP and Cardano (ADA) also experienced notable gains during this period.

Bitcoin Holds Above $52,000 Mark
Bitcoin’s price maintained its position above the $52,000 level, a milestone achieved after two years. However, at the time of writing on Friday, February 16, the Bitcoin price saw a slight decrease of 0.04%, settling at $52,261.91. Despite this, its trading volume experienced a notable decline of 17.09% to $35.80 billion over the last 24 hours. Nonetheless, Bitcoin boasted a market cap of $1.02 trillion.
Altcoin Movement
Turning to altcoins, Ethereum (ETH) witnessed a gain of 1.74%, reaching $2,844.20, with a market valuation of $341.79 billion. However, its trading volume dropped by 6.36% to $22.29 billion. Binance Coin (BNB) surged by 5.96%, hitting $361.37 in value, with a remarkable 24-hour trade volume spike of 60.69% to $1.71 billion.
Solana (SOL) traded above $110 despite a pullback, experiencing a 2.85% decrease to settle at $113.41. Additionally, SOL witnessed an 8.89% plunge in trade volume to $2.34 billion in the last 24 hours. On the other hand, XRP surpassed the $0.57 level, recording a gain of 4.36% to settle at $0.577, while its trading volume surged by 26.45% to $1.83 billion.

Meanwhile, Cardano (ADA) observed a hike of 4.81% to $0.6095, accompanied by a 24.19% surge in its 24-hour trading volume, settling at $776.44 million.
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Meme Coin Market Impact
As the top cryptocurrencies showed mixed price actions, meme coins were also affected. Dogecoin (DOGE) witnessed a decline of 0.50% to $0.08644, while its competitor, Shiba Inu (SHIB), registered a 1.09% gain in value, trading at $0.000009961.
Pepe Coin Records Decline
Pepe Coin (PEPE), a prominent meme cryptocurrency, experienced a decline in price today. At the time of reporting, the price of Pepe Coin dropped by 3.77% to $0.000001236. Its market valuation stood at $520.67 million, accompanied by a significant decrease in 24-hour trade volume, plummeting by 38.01% to $140.44 million.
VeChain Emerges as Top Gainer
VeChain (VET) saw a remarkable surge, emerging as the top gainer in today’s cryptocurrency market. The price of VeChain skyrocketed by 31.09% to $0.04949. Additionally, its trade volume experienced a substantial increase, soaring by an astounding 529.36% to $841.09 million. VeChain continued to achieve new highs amid the ongoing rally.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#XRP #CardanoADA #PEPE #Bitcoin‬ #Altcoin

Cardano (ADA) has been on a fiery run, soaring since November to reclaim its yearly high and brush against $0.6776 in December. However, after encountering resistance, the rally seemed to stumble, leaving investors wondering if its propellant had burned out.
Although Cardano (ADA) dropped to $0.5544 shortly after reaching its yearly high, it has bounced back since then and is currently trading at $0.6282, showing a 62.36% increase over the past month. With this recovery, a prominent analyst is pointing to a brighter future for the digital asset.
Ali (@ali_charts), one of the top analysts in the crypto community, recently pointed the Cardano community in the direction of technical indicators like the symmetrical triangle pattern on ADA’s chart, hinting at a potential breakout and bigger surges.

The Symmetrical Triangle and ADA’s Future
The symmetrical triangle is a pattern where highs and lows converge, often signaling a period of consolidation followed by a decisive surge. The asset price will gradually experience lower highs and higher lows and consolidate around a key price for a while like SHIB is doing around $0.00001 currently.
Ali believes a sustained close above $0.63 could trigger a surge toward $0.78, potentially propelling ADA back to heights it has not reached since May 2020.
Although ADA crossed $0.63 after Ali’s prediction, its price dropped significantly on the evening of December 28, reaching an all-day low of $0.6132. That was the support level pointed out by Ali in a previous analysis, which served as a base for ADA to resume its surge.
The main driving force behind Ali’s optimism is the symmetrical triangle. The symmetrical triangle pattern suggests pent-up energy waiting to be unleashed. Historically, ADA has bounced back from similar patterns in the past, proving its resilience.
The broader crypto market sentiment also seems to be shifting in a positive direction, with the stars aligning for potential growth. However, in the cryptocurrency market, nothing is guaranteed. Investors should always proceed cautiously, as past performance doesn’t always predict the future.
Only time will tell whether ADA will reach the $0.78 predicted by Ali. But with strong technical signals and potentially favorable market conditions, the path seems paved for an exciting future.
Meanwhile, ChatGPT recently predicted that ADA could reach $10 in six to twelve months, and Ali’s predicted surge could be the start of that journey.
⚠️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.
#CardanoUpdate #CardanoADA $ADA