Cardano (ADA) is trading within an ascending broadening wedge pattern, holding strong support near $0.245 after multiple tests in April. Large holders, or whales, accumulated over 819 million ADA during this period, reducing supply on exchanges and strengthening demand. Network developments like the Van Rossum hard fork and Midnight mainnet debut have also supported the ecosystem. If the current support holds, ADA could test resistance around $0.278 to $0.280, representing a potential 12% to 13% price increase. However, a drop below $0.24 would weaken this setup.
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
Cardano wallets holding between 100,000 and 100 million ADA have increased their holdings to over 25.6 billion coins, the highest since early 2023. This accumulation happened over four months while ADA traded near multi-year lows, indicating large in...
Cardano has ratified the van Rossem hard fork, scheduled for July 18, marking the first upgrade fully driven by its decentralized on-chain governance. This upgrade advances Cardano to Protocol Version 11, introducing cheaper smart contract execution ...
Large Cardano wallets holding between 100,000 and 100 million ADA have accumulated 320 million tokens since early July, reaching their highest holdings since February 2023. Meanwhile, retail investors have reduced their ADA exposure amid the token's ...
