Cardano's active addresses have surged for the second time this month even as ADA trades near its lowest price since December 2020, driven by increased social discussion and governance disputes. A recent security breach drained nearly 129 million ADA (about $20 million), adding pressure on the ecosystem. Despite this, a technical TD Sequential buy signal suggests a potential short-term price bounce, but analysts warn of a possible bull trap if ADA fails to break resistance between $0.160 and $0.176. Traders should be cautious as ongoing negative news and internal tensions create headwinds for a sustained recovery.
Cardano's price has dropped to multi-month lows after failing to break above key resistance at $0.1903, continuing its downtrend. However, large investors (whales) are accumulating ADA tokens at these low levels, and 75% of derivatives traders hold l...
Strategy (MSTR) faces over $13 billion in unrealized losses on its bitcoin holdings, exceeding the market value of many well-known cryptocurrencies like dogecoin, Monero, Cardano, and Chainlink. This massive paper loss highlights the risks of concent...
Solana (SOL) maintained its position as a top altcoin with a market cap of about $39.5 billion, even as a $2.4 million hack of a Cardano-linked wallet raised concerns about third-party security risks. The incident did not affect Solana's protocol but...
Bitcoin and USD Coin experienced significant net outflows totaling around $760 million combined, while Tether (USDT) recorded notable inflows, indicating a rotation of liquidity rather than a full market exit. This shift reflects traders repositionin...
Charles Hoskinson, founder of Cardano (ADA), reaffirmed his dedication to ADA, stating he has not sold any ADA tokens since 2017 despite criticism and market downturns. He emphasized that his focus is on the ecosystem's growth and long-term value, li...
