The 4-hour chart for ADA/USD is currently reflecting a prevailing bearish sentiment. Following a critical price level reached on April 12, ADA experienced a sharp decline of 32.15 percent. Currently, the price is trading around the 38.20 percent Fibonacci retracement level. If ADA can close above this level, it may signal a potential reversal of … Read more
The market value of Cardano (ADA) has been further exacerbated by a significant decline in on-chain activity. According to data from Santiment, the number of daily active addresses on the Cardano network has dropped from over 70,000 at its peak to around 30,000 currently. This reduction in active addresses is a clear indicator of decreased … Read more
According to a recent report from Coin Edition, data from IntoTheBlock reveals that only about 35 percent of Cardano (ADA) holders are currently in a profitable position. This figure is stark in comparison to the profitability rates of leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), where 86 percent and 81 percent of holders, … Read more
Cardano (ADA), a leading layer-1 blockchain network, is currently navigating through turbulent waters marked by significant market value declines and a slipping rank among cryptocurrencies. Recently, ADA dropped to the tenth position in terms of market capitalization following a sharp decline in its price. Over the past month, ADA’s price has plummeted by 28 percent, … Read more
Shiba Inu, famously dubbed the “Dogecoin Killer,” is a part of a broader ecosystem that includes other tokens and decentralized projects. As a meme-based token, Shiba Inu has evolved beyond its initial status to establish a substantial community within the crypto space. The SHIB token has seen a price increase of 16 percent over the … Read more
Pepe, a token inspired by a popular internet meme, is making strides towards gaining broader legitimacy and adoption in the cryptocurrency world. The project continues to capture attention as meme trends become increasingly popular in crypto investments. Pepe has experienced a remarkable price surge of 49 percent over the past week, particularly following the announcement … Read more
Akash Network operates a decentralized cloud computing platform aimed at providing a cheaper and more open alternative to conventional cloud providers. This platform allows individuals to utilize unused computing capacity from around the world, offering a unique solution that challenges the traditional cloud computing industry. In the past week, Akash Network has seen a significant … Read more
Ondo Finance is a DeFi project designed to facilitate access to blockchain-based financial products, with a particular focus on the tokenization of real-world assets (RWA) and providing liquidity in the decentralized financial ecosystem. Ondo aims to make institutional-level financial products more accessible to individual investors, backed by major financial corporations including BlackRock and Pacific Investment … Read more
Hedera stands out as a public blockchain network that utilizes the hashgraph consensus algorithm, an alternative to traditional blockchain technology that offers high speed and security without compromising the principles of decentralization. Designed to support enterprise-scale applications, Hedera has garnered significant industry collaborations in both the tokenization of real-world assets (RWA) and central bank digital … Read more
Fransiskus from Bittime highlights intriguing developments surrounding the latest Bitcoin halving event, where, unlike previous occurrences, Bitcoin (BTC) reached a record high just before the halving. This atypical behavior has influenced the post-halving dynamics, resulting in a less pronounced boost for Bitcoin. Compounded by various macroeconomic factors and geopolitical tensions, particularly those escalating in the … Read more