Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Cardano hits 1,000,000 TPS (Transactions Per Second).....
BOOM BABY!!!....mic drop moment!
Highest transaction per second on Cardano
https://coinmarketcap.com/community/articles/674f2646457ccb0763314d0d/
Data reveals that addresses with 100 million to 1 billion ADA coins have collectively purchased $276 million worth of ADA in the last seven days. Such whale activity often predicts positive future price movements, enhancing market demand as it reduces the available supply when these investors hold more.
https://coinmarketcap.com/community/articles/674d89ae351ed741690f3e1d/
Bitwise Files for 10 Crypto Index Fund ETF, Partnering with Key Firms for Security and Management
https://www.coinspeaker.com/bitwise-files-10-crypto-index-fund-etf-key-firms-security-management/
Cardano (ADA) Hits Milestone with First Zero-Knowledge Smart Contract
https://coinmarketcap.com/community/articles/67472f1cd626c86b6d3914db/
Cardano-Wrapped Bitcoin: A New Layer of Blockchain Integration
https://coinmarketcap.com/community/articles/67470618190a45238c9ccfbf/
YEP, with the best chain in the business.
Holy interoperability, Batman...Hoskinson’s Bitcoin-DeFi Vision: Cardano as the Bridge
https://coinedition.com/hoskinsons-bitcoin-defi-vision-cardano-as-the-bridge/
Nice
Is Cardano $1 Rally Now on Cards After This Massive Breakout?
Date:November 20, 2024
Written By:
Albert Brown
Follow Us On
FacebookTelegramTwitter
Cardano ADA
Cardano ADA
Will Cardano (ADA) reach $1 following its breakout above the key Fibonacci level of $0.776, with an intraday surge signaling a potential moonshot?
With Cardano’s market cap of $28 billion, the altcoin is gradually inching closer to surpassing USDC to take the eighth position. In parallel, ADA’s price is setting up for a potential 52-week high, putting the $1 target within reach.
Will the intraday recovery drive Cardano to $1 after XRP’s rally? Let’s find out.
Cardano Price Analysis
Cardano is currently trading at $0.793, with an intraday gain of 7.45%. This creates a bullish engulfing candle that crosses above the 100% Fibonacci level at $0.776.
Cardano Price Chart
Cardano Price Chart
Furthermore, it marks the third consecutive bullish candle at play as it inches closer to the recently recorded 52-week high of $0.819.
The strong bullish trend in Cardano continues to build momentum, with the price having surged 147% in just 16 days from $0.32. This parabolic price movement has been accompanied by a golden crossover between the 100-day and 200-day EMA lines, signaling continued bullishness.
With a surge in trend momentum, the ADX line is now at 48.76. Based on the previous price action, the ADX line highlights the peak formation near the 50 and 61 levels. Hence, the indicator shows room for growth.
145% Increase in Cardano Accumulation by Whales
Cardano whales have been accumulating ADA tokens during the last few weeks amid the massive rally. Specifically, whales that typically hold above $10 million worth of ADA increased their holdings by 145.72%.
Likewise, holders with positions between $1 million and $10 million in ADA have increased their positions by 82.97%.
Additionally, holders with positions ranging from $100,000 to $1 million have increased their portfolio by 105.66% over the last 30 days.
The recent bull run and the broader market recovery are the key factors, as the worth of the Cardano holder’s position skyrocketed with the surge in market price.
Will ADA Price Reach $1?
Based on previous price action, the ADX typically peaks around the 50.75 and 61.76 levels, which suggests further upward potential.
Using Fibonacci levels, the high-momentum double-bottom reversal in Cardano now suggests price targets of $0.994 and $1.363, based on the 1.272 and 1.618 Fibonacci extensions.
On the other hand, a minor retest of $0.776 remains a possibility, provided the daily candle closes above this level.
Indeed!! What a nice move.
Charles Hoskinson comments fuel speculation of partnership with SpaceX.
Others have speculated that ADA could become a payment method on X.
All speculation mind you.
https://coinchapter.com/charles-hoskinsons-spacex-visit-sparks-ada-moonshot-speculation/
You know it, and same to you!
It will be good to finally get clarity in the US on Crypto Regulations.
Congress would have passed a bill, but Biden Admin. wouldn't support legislation.
It's a whole new ballgame now!
Good luck stacking some Krone!!!
Good youtuber for TA on ADA.
He generally posts daily between 10:00AM and 12:30PM EST.
Chit just got real!!!
Confirmation
Cardano (ADA) Goes Parabolic Following Major Developments: Is More Rally Ahead?
https://coinmarketcap.com/community/articles/67307d2a07a7ff6294bf6a9b/
Hoskinson Joins Trump Administration to Shape Regulations
https://coinmarketcap.com/community/articles/6730645a07a7ff6294bf6a25/
Charles Hoskinson is expected to be a crypto advisor in Trump administration.
Not yet confirmed, but Hoskinson hints at political involvement in his latest youtube video.
ADA pumping.
When ADA pumps, ADA pumps hard!
BTC Dominance has probably topped.
Don't confuse BTC Dominance with BTC price, two different charts.
When BTC Dominance tops, Alt coins start their run!
GLTA!!!
Cardano Foundation Pushes Cardano Adoption as a Public Infrastructure Worldwide
https://www.crypto-news-flash.com/cardano-foundation-pushes-cardano-adoption-as-a-public-infrastructure-worldwide/
Check it out...Cardano collaborating with NASA...
Not trying to promote this youtuber.
This post is for investors whom look to TA for indications on price movement.
The chart analysis here is interesting.
Over the last few months his analysis has been consistent with price movement.
Cardano Ranks 26 on Top Brand Intimacy Rankings.
https://mblm.com/lab/brandintimacy-study/rankings/
Ready to bank again
.43 good entry for next run
Back to .55 like I said it would, there is just better places to be right now
Go Cardano
Cardano (ADA) Outperforms Ethereum (ETH) in Developer Activities
https://coinmarketcap.com/community/articles/65f97ab18aac950d2f50bc0f/