Cardano (ADA) fell 4% to around $0.18 on July 6, becoming the weakest among top 10 cryptos due to long liquidations and falling open interest. Founder Charles Hoskinson remains optimistic, highlighting the upcoming Leios upgrade that could increase transaction speed by up to 60 times, potentially rivaling XRP Ledger. The upgrade aims to boost user adoption, DeFi activity, transaction volume, and total value locked (TVL). However, recent declines in TVL and decentralized exchange volume, plus stalled price recovery near $0.188, indicate cautious market sentiment. A breakout above this level could lead to gains toward $0.23, but traders are wary amid ongoing selling pressure.
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
SecondFi has announced it will not return to normal operations following a security breach that drained about 16 million ADA from 374 wallets. EMURGO, the company behind SecondFi, is prioritizing asset recovery for affected users and has halted produ...
Cardano (ADA) rallied over 31% last week, reaching a peak near $0.199 before settling around $0.188. The surge followed a low near $0.14 in late June and was supported by new wallet growth and increased futures open interest hitting $515 million, sig...
Cardano has seen a 33.09% price rebound over the past week, supported by the return of 14,783 new ADA wallets since its low on June 23. This recovery follows a period of heavy selling and community uncertainty fueled by ecosystem challenges and misin...
Cardano (ADA) started Q3 with a strong 30% rally, outperforming many altcoins, but it faces resistance at the $0.20 level, which it has struggled to break before. Despite a significant drop in total value locked (TVL) by nearly 68% over the past year...
