Will Cardano Trigger A 35% Jump From $0.25?
Deep into the correction phase, the ADA price fails to hold the 883% gain in early 2023 as the pullback crashes the altcoin. With just 6.50% year-to-date growth in 2023, Cardano plans to reclaim the bullish momentum with a reversal from $0.24.
With the reversal giving a breakout entry in Cardano, the chances of altcoin reaching $1 as per Cardano price prediction seems probable.
The buyers are preparing to challenge the long-term downtrend in the ADA price as the double bottom reversal at $0.24. Moreover, the uptrend gives the falling wedge breakout in the daily chart, signaling a bullish rally.
The uptrend in Cardano even crosses the 50-day EMA and accounts for a price jump of 7.82% over the last few days. Currently, the altcoin price trades at $0.262 with an intraday gain of 1.16%.
Following the 50-day EMA breakout, the ADA price shows a higher price rejection, leading to the rest of the $0.25 breakout.
Technical indicators:
With the rising momentum, the Cardano price may soon continue the uptrend continuation.
DMI indicator: With the ADX line displaying an uptick, the trend momentum is high. Moreover, the DI lines maintain a positive alignment. Therefore, the indicator shows a rising bullish momentum ready to fuel the ADA price rally.
EMA: As the prices surpass the 50-day EMA, an uptrend continuation will increase the likelihood of a golden crossover.
Will ADA Price Bounce Above 50-Day EMA?
With the buyers ready to overtake trend control, the ADA price might sustain above the 50-day EMA. Moreover, the overall improving conditions of the market and the positive ripple effect can drive Cardano prices higher.
In case the ADA price rises above $0.30, the market value can rise as high as $0.356 by the end of this month.
On the flip side, a fall below the $0.25 zone will test the $0.24 base level.
Cardano About To Experience A Price Jump?
The crypto market displayed a short relief after the consecutive price jump for two days, following which the industry today witnessed a minor correction of nearly 2% in value. Ethereum price, on the other hand, experienced a fall of over 3% in value, whereas its competitor Cardano has lost less than 1%.
The ADA price has been trading in an ascending channel for over a week, indicating a bullpower in the market. After multiple failed attempts to break out of the resistance zone at $0.2585, the ADA coin finally managed to break out of it recently, after which it retested its support zone but bounced back quickly.
Further, the EMA 50 and 200 are moving close to each other, displaying the Cardano coin on the verge of experiencing a bullish crossover soon, which could result in the ADA price jumping to new highs in the coming days.
The RSI has been trading above the mid-point for over a week now and was seen trading above the overbought range for a short period of time, following which the average displayed a sharp decline in its charts, indicating a decrease in buying and selling power.
Will ADA Price Go Up?
If the bulls continue to gain power and push the Cardano price above its resistance level of $0.2670, then Cardano’s ADA will initiate a bullish momentum. Further, if the ADA coin manages to hold the price above that level, then the price will continue to gain value and test its upper resistance level of $0.2750 soon.
On the flip side, if the bears gain control of the market and a trend reversal occurs, the coin will lose its momentum and start trading negatively. Moreover, suppose ADA crypto breaks down the trend, then the price will experience a plunge in its value and test the support zone at $0.2570.
If the market fails to hold the price above that level, the coin will further dip and test its lower support level of $0.250 this week.
Shiba Budz (BUDZ), Cardano (ADA) and Ripple (XRP)
As the cryptocurrency market continues to evolve, investors and enthusiasts are always on the lookout for tokens with potential. In October, three tokens generated significant buzz – Shiba Budz (BUDZ), Cardano (ADA), and Ripple (XRP). These tokens have been making waves in the crypto space, and their unique features and recent developments have caught the attention of many. Let’s dive into what makes these tokens stand out and why they are worth watching in October.
Shiba Budz (BUDZ) Overview
Shiba Budz (BUDZ) is a token that has gained traction for its unique features and use cases. It offers a decentralized gaming platform, empowering gamers to participate in community rewards and earn additional BUDZ tokens. By integrating BUDZ within gaming, developers can create new incentive structures, rewarding players with tokens that have real-world value. The transparent and immutable nature of blockchain ensures a secure environment for players to trade and interact.
Shiba Budz (BUDZ) offers the TreeHouse Wallet, a non-custodial wallet that enables users’ entire ownership over their private keys and access to gaming. This decentralized solution increases security and allows users to store numerous crypto assets in the wallet. The TreeHouse Wallet is built with a user-friendly interface, making it accessible even to cryptocurrency newcomers.
The integration of on and off ramps, allowing users to purchase BUDZ using debit or credit cards, is one of the most recent advances in the Shiba Budz (BUDZ) ecosystem. This integration improves user accessibility and ease, creating new options for ecosystem engagement. Shiba Budz (BUDZ) is a token to watch in October because of its creative features and increasing community.
Cardano (ADA) and Ripple (XRP)
Cardano (ADA) and Ripple (XRP) are two well-established tokens in the cryptocurrency market. Cardano (ADA) aims to create a decentralized platform that provides a more secure and sustainable infrastructure for the development of decentralized applications and smart contracts. With a focus on scalability and interoperability, Cardano (ADA) has gained attention for its innovative approach to blockchain technology.
Ripple (XRP), on the other hand, is known for its cross-border payment solutions. Ripple’s (XRP) network enables faster and more cost-effective international transactions, making it attractive to financial institutions and businesses. Ripple (XRP) has also made significant partnerships and collaborations, further solidifying its position in the market.
Both Cardano (ADA) and Ripple (XRP) have been making headlines with recent developments and news. The progress and achievements of these tokens make them noteworthy in October.
Conclusion
The future prospects for Shiba Budz (BUDZ), Cardano (ADA), and Ripple (XRP) in October are promising due to their unique strengths and developments. Shiba Budz (BUDZ)’ integration of on and off ramps and continued development of the TreeHouse Wallet could attract new users and drive engagement. Cardano’s (ADA) roadmap implementation with native tokens and governance enhancements could attract more developers and projects, increasing its utility and value. Ripple’s (XRP) resolution of regulatory challenges could restore investor confidence and lead to partnerships with financial institutions, significantly impacting its price and market performance.
In conclusion, Shiba Budz (BUDZ), Cardano (ADA), and Ripple (XRP) are tokens to watch in October. Each token offers unique features and has recent developments that contribute to their significance. Whether it’s the gaming opportunities of Shiba Budz (BUDZ), the innovative approach of Cardano (ADA), or the potential regulatory resolutions for Ripple (XRP), these tokens have the potential for growth and exciting developments in the coming month.
Sign Up and Join the community via the website:https://shibabudz.org/ and Social media links: https://t.me/ShibaBudzP2E, https://twitter.com/ShibaBudz
Cardano (ADA) and Polkadot (DOT) Holders Buy Into Shiba Budz (BUDZ), Here’s Why
In recent months, an interesting trend has emerged in the cryptocurrency market. Cardano (ADA) and Polkadot (DOT) holders are increasingly showing interest in a relatively new token called Shiba Budz (BUDZ). This article aims to explore the reasons behind this growing trend and shed light on the appeal of Shiba Budz (BUDZ) for Cardano (ADA) and Polkadot (DOT) holders.
Shiba Budz: Garnering Attention
Shiba Budz (BUDZ) is a cryptocurrency with innovative features and a promising roadmap. It serves as the main currency within the Shiba Budz (BUDZ) ecosystem, facilitating transactions and gaming interactions. Cardano (ADA) and Polkadot (DOT) holders are attracted to its potential utility and value in their crypto portfolios. Shiba Budz (BUDZ) is compatible with decentralized gaming, allowing gamers to participate in community rewards and earn additional BUDZ tokens. The token also offers rewards and loyalty programs. Allowing holders to participate in multi-reward competitions and earn tokens for their contributions. This incentivizes community engagement and fosters loyalty among Cardano (ADA), Polkadot (DOT), and BUDZ holders.
ADA and DOT Holder Interest
Cardano (ADA) and Polkadot (DOT) are popular crypto projects due to their innovative technologies and scalability potential. They have attracted a dedicated community of supporters and investors. Recently, many Cardano (ADA) and Polkadot (DOT) holders have started diversifying their portfolios by investing in Shiba Budz (BUDZ). This interest is driven by the desire for exposure to different crypto projects and the unique value proposition of the token, built on a decentralized blockchain. This aligns with the ethos of Cardano (ADA) and Polkadot (DOT), making Shiba Budz (BUDZ) an appealing investment option for these projects.
ADA And DOT: Market Trend
To understand the trend of Cardano (ADA) and Polkadot (DOT) holders buying into Shiba Budz (BUDZ), it is crucial to analyze the market dynamics surrounding these cryptocurrencies. Cardano (ADA) and Polkadot (DOT) have experienced significant growth and a strong community following. This positive sentiment has spilled over into the interest in Shiba Budz (BUDZ).
Trading volumes and investor sentiment play a vital role in shaping market dynamics. The increased trading volume of Cardano (ADA) and Polkadot (DOT) might indicate higher liquidity and interest in these tokens. As Cardano (ADA) and Polkadot (DOT) holders explore new investment opportunities, they may be drawn to Shiba Budz (BUDZ) due to its potential for growth and the opportunities it presents within the crypto ecosystem.
The influx of Cardano (ADA) and Polkadot (DOT) holders into the Shiba Budz (BUDZ) ecosystem could foster collaboration and partnerships between these projects. The shared vision of decentralization and innovation could lead to exciting developments in the crypto space, benefiting Cardano (ADA), Polkadot (DOT), and BUDZ holders and the entire community.
Conclusion
Cardano (ADA) and Polkadot (DOT) holders are increasingly interested in Shiba Budz (BUDZ), a cryptocurrency project that aligns with their ethos and aims to foster collaboration and innovation. The growing interest in Shiba Budz (BUDZ) is a testament to the dynamic nature of the cryptocurrency market, as it offers compatibility with decentralized gaming, rewards, and loyalty programs. As the crypto market evolves, observing how this trend unfolds and its impact on the ecosystem will be fascinating. Shiba Budz (BUDZ) presents exciting opportunities for both projects and communities.
Sign Up and Join the community via the website:https://shibabudz.org/ and Social media links: https://t.me/ShibaBudzP2E, https://twitter.com/ShibaBudz
Cardano, Chainlink & Tradecurve Markets
As the cryptocurrency market evolves, identifying the correct tokens becomes increasingly crucial. According to ChatGPT, Cardano (ADA), Chainlink (LINK), and Tradecurve Markets (TCRV) are three tokens that stand out as excellent cryptos in 2023. This article will dive into why these tokens are ChatGPT’s top picks.
Summary
- Cardano on an upswing
- Chainlink introduces new staking features
- Tradecurve Markets to dominate the online trading sphere
Cardano (ADA): Providing Blockchain Innovation
Cardano (ADA) has caught the attention of ChatGPT as one of the top tokens to watch in 2023. This blockchain platform, known for its dedication to scientific research and innovation, stands out for several compelling reasons. Cardano’s adoption of a sustainable Proof-of-Stake (PoS) consensus mechanism enhances its scalability and efficiency.
Furthermore, the Cardano crypto surged in the past few weeks as the general market turned bullish. In fact, the Cardano price rose from $0.23 on September 11th to $0.25 on September 19th.
ChatGPT says Cardano is poised to make significant strides in the blockchain industry this year. Because of this, experts forecast that the Cardano price will surge to $0.37 by the end of 2023.
Chainlink (LINK): New Features
ChatGPT recognizes Chainlink (LINK) as a standout token for 2023 due to its continued innovation and growth. Chainlink’s decentralized oracle network has become known for connecting smart contracts with real-world data. Thus, the Chainlink crypto plays a crucial role in the broader blockchain ecosystem.
The upcoming features introduced by stake.link, particularly the Priority Pool, highlights the platform’s commitment to enhancing the Chainlink staking experience and expanding its capacity.
This aligns with Chainlink’s mission to provide secure and reliable data to various decentralized applications and DeFi projects. According to ChatGPT, this makes it a strong candidate for developers seeking robust blockchain infrastructure in the year ahead. Due to these reasons, market analysts foresee the Chainlink price sitting at $9.12 before the year ends.
Tradecurve Markets (TCRV): A New Era of Online Trading
As per ChatGPT Tradecurve Markets (TCRV) is an emerging player in the crypto space, but its potential is immense. It has real-world ties to the forex market, which IMARC Impactful Insights valued at $753.2B in 2022. In other words, the foundation and long-term growth potential of Tradecurve Markets is excellent.
Currently, navigating complex onboarding processes can be daunting. However, Tradecurve Markets will allow users to create an account using an email only (no sign-up KYC checks). This method will enable users to trade all derivatives on one account in complete privacy.
Furthermore, one of the primary concerns in online trading is the lack of transparency among trading platforms. However, Tradecurve Markets will change this by implementing its Proof of Reserves protocol. This groundbreaking feature will give users real-time access to the platform’s reserve status, ensuring complete transparency.
This platform’s core is the TCRV native token, now in Stage 5 of its presale. One TCRV token costs only $0.025. Nevertheless, this price will surge to $0.03 when Stage 6 launches. With millions of tokens sold already and $6M raised, experts are bullish that TCRV will experience a 50x pump before the end of its presale.
For more information about the Tradecurve Markets (TCRV) presale:
Website: https://tradecurvemarkets.com/
Buy presale: https://app.tradecurvemarkets.com/sign-up
Twitter: https://twitter.com/Tradecurveapp
Cardano Prepares For A Big Move As Whales Shift $3 Billion! Here’s The Next ADA Price Level
Cardano’s ADA has witnessed a downward trajectory for the past week, with buyers unable to turn the trend. As Bitcoin struggles to maintain its momentum above $26K, leading altcoins, including Cardano, are feeling the pressure, leading to a bearish outlook among traders. Yet, hope emerges as there’s a surge in large transactions near ADA’s price drop, hinting at potential accumulation and an upcoming big move.
Whales Are Bullish Amid ADA’s Price Dip
Whales often see a dip in trending altcoins as a profitable chance to hop in. Consequently, they amass massive quantities of the altcoin, generating buying momentum on the chart, which can lead to a price surge. Cardano is currently in such a scenario.
Data from IntoTheBlock indicates a significant increase in large transactions on September 25th. The figures show that whales shifted close to $3 billion, with the metric rising from $4.7 billion to $7.4 billion. Interestingly, this activity emerged following ADA’s price drop to a low of $0.24. This seemed to be an accumulation as it created a strong support level for ADA price, preventing it from dropping further.
However, there remains a bearish undertone as the Open Interest (OI) metric has seen a significant decline over the past week, plummeting by more than $8 million. This indicates a declining interest in ADA’s trading, given its inability to induce notable price volatility.
With Cardano’s volatility dropping to 24.3%, potential buyers might be deterred. Additionally, the long/short ratio for Cardano has been trending negatively. The current ratio stands at 0.76, with 56.5% of positions leaning towards short-traders. Conversely, bullish traders hold 43.5% in long positions, eliminating the upward momentum for ADA’s price. This could lead to increased selling pressure at resistance points.
What’s Next For ADA Price?
Cardano’s ADA recently touched a crucial support level at $0.24, suggesting that bearish momentum continues to dominate the altcoin. However, buyers are aggressively defending an immediate decline as the ADA price reversed its trend from the dip, suggesting buying demand near lower levels. As of writing, Cardano price trades at $0.2454, surging over 0.5% in the last 24 hours.
Currently, there’s a glimmer of hope for the bulls as the RSI displays a bullish divergence below the midline. For a positive shift, the bulls need to push the ADA price past the descending trendline quickly. Achieving this could invalidate a bearish possibility, potentially sending the price to $0.28.
Conversely, if the bears pull ADA’s price below $0.23, it will solidify the short positions. This could lead to a decline towards $0.22 and possibly even to a target of $0.189.
Cardano (ADA), Axie Infinity (AXS), Or Pomerdoge (POMD)
Are you searching for projects that can provide stable returns? If yes, you must lock your presale Pomerdoge tokens as early as possible. The presale of this new project is selling out fast, and has raised over $4.8 million.
Meanwhile, projects like Cardano (ADA) and Axie Infinity (AXS) are struggling to gain some ground in the market.
Summary
- Cardano holders have staked millions of ADA tokens in five days.
- Axie Infinity (AXS) has seen a drop in the number of active wallets.
- Pomerdoge’s presale has raised more than $4.8 million till now.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Cardano (ADA) Staking Goes Up
After suffering a loss for the past many months, Cardano (ADA) has been able to post some positive numbers this week. In the past seven days, Cardano (ADA) has witnessed an increase of 9% in its price.
Subsequently, the current trading price of Cardano (ADA) has surged to $0.28. However, investors are still not convinced with Cardano, as ADA is trading 91% below its peak price of $3.10.
Besides, 90% of Cardano (ADA) holders are suffering losses. Meanwhile, Cardano (ADA) has witnessed an increase in its staking. As per the latest on-chain data, Cardano holders have staked ADA tokens worth $30 million between August 24 and August 29.
Axie Infinity (AXS) Suffers A Decline On Several Metrics
Metaverse-based projects are facing some hardships since the last few months, and Axie Infinity (AXS) is one of them. The market value of Axie Infinity (AXS) has plummeted by more than 19% in the past 30 days. Subsequently, the trading price of Axie Infinity (AXS) has plunged to $5.01.
According to experts, the declining network health of Axie Infinity has been the primary reason behind the fall in AXS’ value. As per the latest data from DappRadar, the number of unique active wallets holding Axie Infinity (AXS) has fallen by over 11% in the last week.
Besides, the number of transactions involving Axie Infinity (AXS) has dropped by 14%. These bearish developments have prompted investors to keep a distance from Axie Infinity (AXS).
Pomerdoge (POMD) Becomes The Top Investment Choice
Pomerdoge is a new P2E (play-to-earn) crypto project that has the capacity to disrupt the Web3 gaming industry. According to a research report, the P2E gaming industry can reach above $3,618 million in the next five years. Hence, this new P2E Web3 platform has entered the market at an opportune moment.
The platform will launch its P2E game, Pomergame, in the last quarter of the year. The game will be equipped with several features and benefits. In Pomergame, players can earn money and collect rewards while playing. Additionally, it will enable players to create avatars and customized in-game assets to upgrade their characters. A gold-status Pomer holder will be allowed to trade these customized in-game assets. Selling and buying of in-game items will take place at Pomerplace, the marketplace-cum-battle arena of the place.
The demand for POMD tokens has soared, and their presale is advancing through the first stage. Moreover, Pomerdoge’s presale will have just four stages. Hence, interested people will have to lock their tokens fast. Meanwhile, the buying price of POMD tokens has increased to $0.0165 from $0.007, within weeks of the presale launch.
As per market pundits, the value of these tokens will grow by at least 1,700% before the culmination of the presale round. The project has raised more than $4.8 million to date. After the culmination of the presale phase, the platform will enlist tokens on Uniswap, and other leading tier-1 exchanges.
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Visit the links below for more information about Pomerdoge (POMD):
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
ADA Price Analysis: Is Cardano Dead? What Traders Can Expect?
The top cryptocurrencies started moving close to their crucial support levels again, indicating a possibility of a huge bearish turnaround in the crypto space soon. Bitcoin and Ethereum repeatedly fail to start a bullish movement as the market is experiencing constant setbacks, with September price volatility being the latest one.
Since the market crash in 2022, ADA has been unable to perform as the coin is presently trading at a whopping 92.12% discount post-crash. Moreover, top Crypto Analysts also showcase a silent treatment toward the coin, indicating a disinterest among the analysts for the ADA crypto.
The Cardano ADA coin has displayed weak social sentiments for quite some time now, indicating weak price movement for the crypto in the market. Since August, Cardano price has been constantly losing its value and further showing no signs of a bullish movement.
Also Read: Cardano Price Prediction 2023, 2024, 2025: What Are The Chances of Cardano Reaching $1 in 2023?
The RSI and MACD indicators have displayed a sideway trend since mid-August, indicating very weak buying and selling pressure within the market. The coin is showcasing a high possibility of another price drop in the coming time. Moreover, the coin displays a weak price action, indicating an uncertainty in the future price movements for the coin.
Does Cardano Have A Future?
Answering the question in simple terms, YES, Cardano has a bright future ahead as it has been the Ethereum-killer for a long time now and is currently holding its place in the top 10 cryptocurrencies and is also one of the most prominent projects the industry has ever given. Cardano(ADA) has gained over 1,300% in value since its inception. Further, the coin is predicted to regain the $1 mark by next year.
Now, talking from the short-term perspective:
The ADA coin has been trading in a consolidated range since mid-August. First, it was seen trading between $0.2717 and $0.2542 for almost a month, after which the market failed to hold the price, and the coin broke its support level. Since then, the coin has been trading in a range between $0.2542 as its resistance and $0.2381 as its support, where the coin has failed multiple attempts to break out of the range.
If the bulls manage to gain power and the coin breaks out of the consolidated range towards its resistance, then ADA price will experience a bullish movement and will make a run and test its upper resistance of $0.2717 by the month-end.
On the flip side, if the market fails to build bullish momentum, the price will experience another dip in its value. Moreover, if the coin fails to hold its support level, the price will continue to fall and will test its crucial support level of $0.2197 this month.
Incoming Supply Warns A Crash in Cardano!
Following a bearish pathway, the ADA price trades continue forming lower high formations in the 1-day chart. The downtrend brings Cardano price under the 50-day EMA line, leading to a resistance trendline formation.
Currently, the ADA price shows a bullish failure to breach the overhead trendline to reclaim trend momentum.
Cardano is currently trading in a sideways trend between $0.265 and $0.235 zones. Moreover, the recent bearish turn within the channel declined the ADA price by 4% within two days. This indicates a stronger bearish presence that may soon challenge the bottom support zone.
Parallel to the downtrend, the possibility of a double bottom pattern forming at the support zone arises. However, the buyers must actively absorb the incoming supply to bounce back the Cardano price higher to challenge the overhead trendline.
Technical indicators:
Reflecting the underlying bearish sentiments, momentum indicators display ADA price on a razor-sharp edge.
MACD indicator: With the MACD and signal lines ready for a bearish crossover, the indicator projects a downfall rally.
RSI indicator: Despite the pullback, the RSI line maintains an uptrend and continues to display a bullish divergence.
Will ADA Price Sustain Above $0.235?
With bears taking over the short-term trend, the possibility of a downtrend below the consolidation range is increasing. Moreover, Bitcoin falling by more than 1% warns of a market-wide correction.
In case the ADA price falls below $0.235, the market value can plunge to as low as $0.20.
Conversely, a bullish reversal from $0.235 could once again test the resistance trend line, resulting in a 10% price increase to $0.25.
Can Cardano Keep Up With The Newest Bitcoin Fork This Winter?
The crypto market has experienced its winter season since 2022. Although the market prices for digital assets are still low, experts predict that the bull market is slowly cropping in as crypto projects such as Cardano show signs of recovery. Despite increasing regulatory pressures from financial watchdogs worldwide, the blockchain-powered ecosystem is growing exponentially with new and improved crypto platforms launching. One platform attracting the attention of whales, venture capitalists, and retail investors is Bitcoin Spark. Bitcoin Spark averages significant returns for early Cardano investors in the ongoing crypto winter season.
Is Cardano a good investment?
Charles Hoskinson, a blockchain entrepreneur, founded Cardano in 2015 as an improved alternative network of the Ethereum blockchain. The project had an impressive run in the previous bull market cycle, reaching an all-time high of $3.09 in September 2021. Although the project has a promising future, Cardano is subject to regulatory scrutiny, threatening DeFi protocols building in the Cardano network. The platform’s native digital asset was labeled as a security by the United States Securities and Exchange Commission (SEC) in independent lawsuits filed against two of the largest centralized exchanges, Binance and Coinbase.
Bitcoin Spark vs. Cardano
Bitcoin Spark is a new revolution in the cryptocurrency sphere that promises to solve major limitations that are hindering the growth of decentralized finance and the overall blockchain infrastructure. Bitcoin Spark and Cardano have various things in common. The two platforms have faster transactions than Bitcoin, offer a more scalable network through smart contracts, and use eco-friendly consensus mechanisms to operate their respective networks.
Despite these similarities, Bitcoin Spark has much more advanced features, making it more desirable to investors than Cardano. The new entrant has two income-generating streams that will be incorporated to earn revenue for the platform. Unlike Cardano, which charges transaction fees in ADA, Bitcoin Spark aims to become a gasless network, meaning that all transactions will be free of charge. But how will this be possible?
Bitcoin Spark network has an improved consensus mechanism called proof of process, which amalgamates and capitalizes on proof of work and proof of stake. Using a proof of process means that the Bitcoin Spark network will have miners like Bitcoin and staking participants like Cardano. Initially, the network will charge transaction fees predicted to be cheaper and faster than those executed on the Bitcoin network.
However, the network will integrate advertising campaigns and lend processing power to clients who will pay for the services and products in BTCS tokens, the platform’s native digital asset. The revenue generated will be used as rewards for network participants, rendering transaction fees on the network needless. The Bitcoin Spark network will have multiple execution layers that will pave the way for developing RPC providers to issue metric information and data from two RPC providers.
ICO event in phase 5
Bitcoin Spark’s BTCS tokens have a capped supply of 21 million tokens, of which most are allocated to mining rewards. Since the Bitcoin Spark network is yet to launch, the Bitcoin Spark team has minted BTCS tokens on the Ethereum mainnet to power the ongoing ICO event in phase 5. Each BTCS token is available for investors at $2.50, accruing a 9% bonus on every purchase. The ICO event has lasted five weeks, raising over $2 million. Purchase BTCS tokens and take advantage of this golden opportunity.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Bitcoin Faces Outflows, While Cardano, Solana, and XRP See Institutional Inflows
Over the past week, various crypto investment funds, which include Bitcoin and Ethereum holdings, experienced a considerable outflow of funds, causing some concerns among investors. Surprisingly, Solana, Cardano, and XRP emerged with unexpected gains instead of losses.
Bitcoin and Ethereum’s Outflow Challenge
Bitcoin experienced a significant outflow of funds. Interestingly, approximately 85% of the capital that departed from crypto funds can be attributed to Bitcoin alone, totaling a staggering $45 million within just one week. This event unfolded concurrently with Bitcoin’s efforts to regain its lost value.
At the beginning of the week, Bitcoin’s value stood slightly above $25,000. However, as the week progressed, it climbed to surpass $26,000. Presently, in the current market, Bitcoin is being traded at $27,100—a remarkable increase of 8.3% over the past six days.
Ethereum (ETH) faced its share of challenges too, although typically favored by investors, it witnessed an outflow of $4.8 million from its coffers.
Other prominent cryptocurrencies like Binance Coin (BNB) and Polygon (MATIC) experienced some withdrawals as well, although not to the same extent.
The Stars of the Show – Solana, Cardano, and XRP
While many cryptocurrencies were experiencing outflows, Solana, Cardano, and XRP attracted additional investments. Specifically, Solana attracted $700,000 in new funding, followed by Cardano with $400,000 and XRP with $100,000.
During just one week, the trading volume surged by an impressive 42%, skyrocketing from $754 million to an astounding $1 billion. Such substantial growth demonstrates the overwhelming engagement of numerous individuals in this form of financial activity.
From eight out of the last nine weeks, more money left than came in. This phenomenon wasn’t limited to the United States; it occurred in other countries like Germany, Canada, and Sweden as well.
Solana and Cardano have outperformed XRP in the past 24 hours. Solana experienced a rise of 5.5%, while Cardano saw an increase of 2.8%. In contrast, XRP only managed to go up by 1%.
Even though crypto funds have seen a lot of money leaving, Solana, Cardano, and XRP have shown that they can still attract new investments.
Cardano Founder Denies Ethereum’s SEC Bribery Conspiracy!
Charles Hoskinson, the founder of Cardano, has dismissed the conspiracy theory that Ethereum bribed the U.S. Securities and Exchange Commission (SEC) to target Ripple and its cryptocurrency, XRP. Hoskinson argued that Ripple and Ethereum were not competitors as Ripple did not operate in the same smart contract space as Ethereum. Furthermore, he labeled the theory as baseless and lacking any evidence to support it. The SEC filed a lawsuit against Ripple in December 2020, accusing it of selling $1.3 billion of unregistered securities through the sale of XRP.
Bullish Reversal Coming for Cardano and Polkadot? Everlodge Set to Pump by 30x
As most traders know, the cryptocurrency market is often marked by volatility, with tokens experiencing both highs and lows. But Cardano (ADA), Polkadot (DOT), and Everlodge (ELDG) – these tokens stand out as potential game-changers. This article dives into these three prominent projects and explores the potential for a bullish upswing.
Join the Everlodge presale and win a luxury holiday to the Maldives
Cardano (ADA): Showing Bullish Signs
Cardano (ADA) has long been a darling of the crypto community due to its unique approach to blockchain technology. With its focus on sustainability, Cardano has established itself as a robust smart contract platform. Despite recent market fluctuations, Cardano has shown resilience, and many experts believe a bullish reversal is on the horizon.
In recent Cardano news, the project lover named ADA Whale shared that the year-over-year inflation of ADA is decreasing. Currently, at epoch 435, this metric stands at 3.6%, a significant reduction over time.
This decline in inflation aligns with Cardano’s long-term commitment to sound tokenomics, making it an attractive choice for investors seeking sustainability. Due to these reasons, market analysts predict that the Cardano price will reach $0.37 by the end of 2023.
Polkadot (DOT): A Possible Uptrend
Polkadot (DOT) is another project with immense potential. To clarify, the Polkadot parachain model allows multiple blockchains to operate together, fostering collaboration and scalability.
Recently, the migration of NFL Rivals to the Polkadot network has marked a significant milestone. The game recently achieved an all-time high in daily active users, reflecting Polkadot’s blockchain infrastructure’s growing interest and adoption.
This expansion of real-world use cases within the Polkadot ecosystem demonstrates its capacity to support innovative projects and attract a broader user base. Therefore, experts in the field forecast the Polkadot crypto price will reach $6.64 by December 2023.
Everlodge (ELDG): Set To Experience a Massive Surge
Everlodge (ELDG) is an upcoming blockchain project to revolutionize the real estate market. It offers a decentralized marketplace for property owners and travelers, eliminating intermediaries and reducing costs.
Moreover, this decentralized marketplace will digitize and mint high-end villas and hotels into NFTs, which are then fractionalized. As a result, it opens up the real estate market to everyone, not just those with high incomes. Now, anyone can become a fractional owner of a property on the blockchain for just $100. Plus, once the property value increases, so will the NFT price.
Additionally, real estate investments are known for their illiquidity. It can take months or even years to sell a property. Everlodge introduces liquidity to the market by allowing users to trade real estate-backed NFTs on secondary markets. This means that investors can buy and sell their real estate holdings quickly, providing a new level of liquidity.
The imminent launch of Everlodge presents an opportunity for early investors to get in on the ground floor. Moreover, if the ELDG native token manages to secure a listing on Uniswap or a Tier-1 CEX, it could see a substantial 30x pump. Currently, one ELDG token costs only $0.016 as it is in Stage 2 of its presale – a 60% rise from its starting price.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Is Cardano On Thin Ice? ADA Price Struggles At $0.25 Amid Rising Bearish Threats
Cardano finds itself struggling near a crucial level as signs of recovery fade in the altcoin market. Despite a bullish buyback, ADA has faced an uphill battle over the last fortnight, struggling to break free from the critical $0.25 threshold. Recent trading sessions have seen heightened selling pressure, leaving investors to question whether the recovery rally was merely a short moment and if a liquidation phase may be on the horizon.
ADA Traders Turn Bearish Amid Declining Open Interest
Cardano (ADA) is hitting a few bumps on its road to recovery. Recently, ADA traders have displayed an increasing bearish sentiment, and one major indicator flashing red is the declining open interest in ADA contracts.
As indicated by the current data on ADA futures open interest, the metric has been on a downward trajectory, hitting levels last witnessed in 2021. At the time of writing, open interest has dropped to $98.6 million, pointing to a decline in trading activity among market participants.
Amid this, the funding rate for Cardano has slipped into negative territory, signaling that traders with short positions are in the driver’s seat and are even prepared to compensate those holding long positions. A negative funding rate is generally a sign of bearish sentiment among traders. At present, the weighted funding rate stands at 0.0063%.
A declining open interest amid a bearish funding rate is often seen as a confirmation of a downtrend, setting off alarm bells among traders. The current scenario suggests that traders are either exiting their positions or are reluctant to open new ones, further fueling the selling sentiment. Also, ADA’s struggle to maintain a price above the $0.25 mark is also feeding into the growing bearish outlook.
What’s Next For ADA Price?
Over the last few hours, ADA price witnessed solid rejection in attempting to surge above the crucial resistance level of $0.25 as bears intensified their selling domination to prevent an immediate surge. However, buyers are defending a decline below the $0.24 level to hold buying sentiment. As of writing, ADA price trades at $0.248, declining over 0.9% from yesterday’s rate.
The declining 20-day EMA, set at $0.25, coupled with an RSI level below the midline, suggests the likelihood of a bearish trend. If the price slides below the EMA20 threshold, the ADA price may target the crucial support level of $0.235.
Conversely, the 200-day EMA has proven to be a consistent barrier thwarting bullish advancements. This makes it a significant level to monitor closely. If the bulls manage to push the price above $0.262, the ADA price could aim for the next resistance level at $0.28.
Cardano Price: Top Reasons Why ADA is The Best Altcoin To Buy Right Now
In recent months, the Cardano (ADA) ecosystem has displayed remarkable resilience in the face of adversity from various geographical fronts. Notably, the United States labeled this smart contract platform as heavily centralized and accused it of violating securities laws.
Consequently, the leading cryptocurrency exchange, Binance, removed ADA perpetual contracts from its offerings on August 17, 2023. However, Cardano enthusiasts need not fret, as quarterly Cardano futures contracts and regular ADA spot charts remain accessible for traders and investors.
Cardano Price Potential Rebound
CryptoBusy, a UK-based digital asset analyst with a substantial following of over 121k on the X platform, believes that the current market conditions present an opportune moment to purchase and accumulate more Cardano (ADA). This assessment is grounded in a comprehensive analysis of both fundamental and technical factors.
According to CryptoBusy, Cardano’s price is presently retesting a support level for the third time this year, following substantial losses in the previous year. Furthermore, the weekly Relative Strength Index (RSI) indicates a rising divergence, suggesting the possibility of an imminent breakout.
The crypto analyst also highlighted the Cardano network’s remarkable performance, with a staggering 1,700 percent increase in on-chain transactions. This surge has been propelled by the burgeoning DeFi (Decentralized Finance) ecosystem. Data from defillama reveals that Cardano’s total value locked (TVL) has experienced exponential growth, reaching approximately $160 million year-to-date.
Cardano Price Analysis: On-Chain Data Identifies Strong Bullish Signals for ADA Price
Cardano (ADA) has evolved into a thriving smart contract ecosystem, boasting over $15 million in stablecoins and more than 35,000 daily active users on its DeFi protocols. The core Cardano development team has been hard at work building the necessary infrastructure to accommodate a broader user base, with a focus on long-term sustainability.
Impressive Growth in Total Value Locked (TVL)
Market data provided by Defilama reveals that the Cardano network has a total value locked (TVL) of approximately $160.36 million, a substantial increase from January 2023. This surge in TVL has raised expectations for the Cardano network, especially given the growing adoption of blockchain technology and the cryptocurrency market.
Insights from Santiment’s On-Chain Metrics Analysis
Santiment, a crypto market intelligence platform, conducted an on-chain analysis of Cardano’s metrics. Despite ADA’s price remaining relatively suppressed, the network has witnessed a notable increase in on-chain transactions throughout the year. This uptick in on-chain activity suggests a rising demand as traders actively exchange ADA.
As DeFi protocols continue to flourish on the Cardano network, Santiment emphasizes the critical role utility plays in price rebounds. Additionally, Cardano’s social dominance remains higher than in the first quarter, indicating sustained trader interest.
ADA Price Analysis
As of Monday, ADA was trading around 26 cents in the early Asian market. The price has been testing a crucial support zone for the third time this year. Compared to the crypto bear market of the previous year, Cardano’s price has experienced diminished losses, signaling the potential for a long-term rebound that could see the digital asset retesting its all-time high (ATH) of around $3.
However, if Cardano’s bulls fail to defend the support zone around 25 cents, crypto experts believe the price could drop further to approximately 18 cents in the coming weeks.
Cardano’s smart contract ecosystem is thriving, with strong growth in TVL and on-chain activity. While the price faces challenges in the short term, the network’s utility and sustained interest from traders suggest a promising future, including the possibility of a return to its previous ATH.
Cardano Price Analysis: Guarding The $0.25 Gates, Will Buyers Avoid ADA Price Crashing Under?
Losing the recent challenge to the resistance trendline, the ADA price drops back to the $0.25 level for the third time in the past two weeks. While the 50 EMA breakout did promise a prolonged uptrend, the extensive selling at the overhead trendline was a battle between David and Goliath.
Nevertheless, being a belt of bounce-backs, the buyers line up at the $0.25 zone, leading to a lower price rejection with a minor recovery.
Projecting the downtrend continues below the $0.25 demand belt; the trend-based Fibonacci retracement will help find the upcoming support levels. As per the Fibonacci tool, the next key support levels are at $0.22 and $0.20.
Currently, the ADA price trades at $0.256 with a 1.18% intraday growth as it bounces from the $0.25 demand block.
Will Cardano Find A Bounceback in 2023?
With the overall market conditions gloomy, the chances of a bullish comeback in Cardano seem minimal. However, the SEC deciding on the Bitcoin ETF approval this Friday can be the bullish catalyst necessary for ADA prices to break the resistance trendline.
Moreover, the RSI indicator displays a strong bullish divergence in the daily chart, signaling a bullish revival soon.
If things go well, the trendline breakout rally could push the ADA price up to $0.35 at least, maybe even $0.45. But if it falls below $0.25, that could put a lot of selling pressure on Cardano, and it could drop to $0.229.
SEC’s Cardano Stance Questioned by Hoskinson; InQubeta and Polygon Enjoy Growing Interest
The United States Securities and Exchange Commission (SEC) has made a lot of noise in the crypto community because of its aggressive stance in recent times. Among its latest actions are charging several companies and individuals dealing in digital assets with fraud and categorizing specific tokens as securities as part of its efforts to regulate the space. Amidst this shakeup in the cryptocurrency market, two projects – InQubeta and Polygon – have been in the spotlight for their promising performance in the market, with many considering them the best crypto to invest in today.
Cardano (ADA): Not an SEC Target
Charles Hoskinson, Cardano creator, hints that politics was involved in the recent actions of the SEC. In a recent interview, Hoskinson said that this is the first time ADA, Cardano’s native token, got cited in a regulatory action. He believes that the SEC is not singling out ADA and reiterated that the agency’s actions may be politically motivated rather than an adherence to securities law.
InQubeta (QUBE): Leading the Way in the AI Funding Space
Cryptocurrency insiders say that the recent bearish trend is leaving a lot of investors unsure about the future. Industry experts claim that the SEC lawsuits against some of the major exchanges and its categorization of certain tokens as securities is reminiscent of the bear market which plagued the industry in 2018 and 2019. However, in the middle of this uncertainty, top DeFi projects InQubeta (QUBE) and Polygon (MATIC) defy the odds.
As the entire cryptocurrency market is put under a microscope, InQubeta (QUBE) emerges as one of the best coins to invest in because of its innovative approach to the artificial intelligence (AI) funding space, which may change the cryptocurrency landscape. Its focus on the AI industry allows it to establish a niche market with a huge potential for future growth. It can help narrow the gap between investors and promising AI startups through a fair and transparent system. This unique platform becomes a venue for investors to support innovation and be a part of the AI revolution.
One feature that makes InQubeta stand out is its novel crowdfunding approach using fractionalized non-fungible tokens (NFTs). InQubeta became the first platform to democratize the investment process, where even people with limited capital can still join in funding AI projects and startups. This concept of accessibility and inclusivity opens up numerous opportunities for all kinds of investors. It also ensures that the most promising projects get support.
Many industry experts also consider InQubeta the best cryptocurrency to buy right now because it prioritizes the security of user funds in the network. The platform went through several audits from smart contract auditing companies, ensuring investors of the safety of their investments. This high regard for security can translate to unwavering trust and confidence among investors, positioning InQubeta as one of the best DeFi projects this year.
Now in its third presale phase, InQubeta has breached the $2 million mark in terms of funds raised. Experts predict a 50x increase in value as we approach the third quarter of 2023. If the huge success of its presale phase is an indication, QUBE holders stand to get substantial future returns as the project grows.
Polygon (MATIC): The Future is Bright
Another crypto that has risen above the current challenges in the market is MATIC, the native token of the Polygon platform. Polygon’s ability to solve scalability issues on the Ethereum network gained much attention from investors and industry experts alike. It provides an infrastructure for connecting every Ethereum-compatible blockchain network, appealing to both developers and users.
Polygon provides a layer two scaling solution, resulting in faster and more efficient transactions. It’s a good fit with the Ethereum ecosystem, making it the leading layer 2 solution. The platform becomes a viable option for projects and decentralized applications (dApps) looking for efficient blockchain solutions. Polygon also has good prospects for the future. The demand for scalable applications is on the rise and Polygon has a great opportunity to seal its position among the top DeFi projects. With this, MATIC may well be on its way to becoming one of the best coins to invest in.
Bottomline
While the cryptocurrency industry is in a bind, tokens like QUBE and MATIC have shown amazing resiliency and growth potential. Being powered by AI and having a unique crowdfunding approach, InQubeta is shaping up to be a lead contender for the best cryptocurrency to buy now. On the other hand, Polygon’s layer 2 solution puts it in a good position for significant growth. With the current market events, it’s wise for new investors to learn more about cryptocurrencies to make intelligent choices.
Is Cardano Under SEC’s Radar? ADA Delisting Rumour Looms – Charles Hoskinson Clears The Air
Cardano’s founder Charles Hoskinson took center stage during a recent interview to set the record straight about ADA and the U.S. Securities and Exchange Commission’s (SEC) stance on the token.
“It’s very important to be accurate with our language; there’s no coming after Cardano,” -Charles Hoskinson
No Enforcement Event: A Promise or a Prediction?
Some say that where there’s smoke, there’s fire. But in the case of Cardano, the “no enforcement event” statement seems to be more of a calm assertion than a wild proclamation. Hoskinson reiterated that the SEC has not targeted Cardano’s ADA token. But is this the silence before the storm, or merely the truth?
Coinbase’s Fear: A Delisting Nightmare Looms Large
When Coinbase CEO Brian Armstrong dropped a hint at the possibility of delisting several tokens, including ADA, investors panicked. This announcement was met with a collective gasp from the crypto community, followed by a storm of debates and arguments.
Armstrong’s suggestion that the delisting of ADA could be a “worst-case scenario” sent shockwaves through the crypto space, and the uneasy question lingers: What’s next for Cardano?
The Battle of Words: Input Output Global (IOG) Stands Firm
While the SEC has thrown punches at Binance and Coinbase, alleging unregistered securities, the primary developer behind the Cardano blockchain, IOG, has stood like a rock against the onslaught. Their firm opposition to the proposition that ADA be labeled as security has added fuel to this firestorm.
When compared to Ethereum (ETH) and Solana (SOL), Cardano’s on-chain achievements may seem modest. Ethereum’s decentralized finance (DeFi) total value locked (TVL) towers at a staggering $22 billion, leaving Cardano’s TVL trailing at $162 million.
Yet, Cardano refuses to be overshadowed. The ongoing Marlowe enhancements signal an ambitious push to bolster decentralized applications (dApps) on the Cardano platform.
The Ripple Effect: Hope and a Fresh Offensive
After Ripple’s partial victory against the SEC, a glimmer of hope sparkled in the eyes of crypto enthusiasts. However, the agency seems to be preparing for another round, seeking permission for interlocutory appeal. The battlefield is being drawn, and the stakes are getting higher.
Cardano Price Analysis: Experts Predicts ADA Price Breakout Fueled By Whale Accumulation
One of the top smart contract-based blockchains with more than $177 million in total value locked (TVL), Cardano (ADA), has recorded an exponential rise in on-chain activity YTD. Despite being under the radar of the United States Securities and Exchange Commission (SEC) for failing to comply with the securities act, the Cardano ecosystem has continued to thrive in DeFi protocols and also its stablecoins sector.
As a result, on-chain intelligence platform Santiment has concluded that the Cardano network is poised for greater success based on increased whale adoption.
Specifically, Santiment highlighted that there are more than 25,294 Cardano wallets with over 100K ADA, the highest since April 2022. The heightened Cardano whale accumulation has happened despite the ADA price dropping approximately 2.3 percent YTD in a macro accumulation.
Cardano (ADA) Price Action
According to a U.S.-based crypto analyst Ali_charts, Cardano’s (ADA) price could be following the same price action as the pre-2021 crypto bull rally. Notably, Since ADA’s price hit its 2022 bare rock bottom in December, the digital asset has accumulated horizontally to date. With a possible double bottom and a rising divergence of weekly RSI, Ali_charts is convinced ADA price will retest again the support before rallying to a bullish breakout early next year.
If the Cardano (ADA) maintains the $0.46 to $0.24 range until early next year, the analyst argues a new ATH will be imminent in the subsequent months for the patient holders.
ADA Price Analysis: With Crossroads in Multiple Timeframes, Will Cardano Resurface Above $0.30?
The price of ADA broke below the critical support level of $0.30, following the descending triangle downtrend. On August 2nd, Cardano’s closing price fell by 3.55% to $0.299, followed by a 2.34% drop the next day.
Giving a bearish breakout of a descending triangle, the ADA coin price reverses from $0.289 for a retest. With a 4.12% growth in 48 hours, the successful retest leads to a new bearish phase.
Following the evening star pattern at the retest, the ADA price falls by 1.90% and breaks below the 50 EMA in the 4-hour chart. However, multiple bullish support levels limit the downfall possibility in Cardano market value.
The post-retest bearish phase will struggle to continue at $0.289, $0.280, and $0.270.
The bulls provide more hope for the ADA price trend on a daily chart. With a retest of a falling wedge breakout, the support trendline in action provides a bounce-back opportunity.
However, a prolonged selling spree below the support trendline or $0.29 will crash the ADA market value. The downtrend will test the bullish dominance at the crucial support levels of $0.280.
On the flip side, a bullish reversal from the support trendline will help the ADA price resurface above the $0.30 mark. The breakout event can fuel a new buying frenzy in Cardano, driving ADA price to $0.325 this week.
Binance Removes Perpetual Contracts for Cardano and Polygon!
Binance, a crypto exchange, is removing perpetual contracts for Cardano (ADA) and Polygon (MATIC) as part of its efforts to streamline its product offerings. Perpetual contracts allow traders to bet on the future price of an asset without owning it. Binance’s decision to end perpetual contracts for ADA and MATIC may stem from low trading volumes. However, users can still trade these assets through spot trading, margin trading, and futures trading. Binance reassured users that their assets would not be affected by the discontinuation of perpetual contracts.
Cardano Price Prediction : Will ADA Price Spike Following Mithril’s Cardano Mainnet Launch?
Cardano, a leading cryptocurrency ranked within the top 10, recently executed a significant upgrade known as the Mithril protocol. The upgrade aimed to enhance the efficiency of node synchronization on its blockchain, sparking anticipation of potential gains for the ADA token among experts and investors.
ADA Price Forecast
Amidst the excitement, predictions about ADA’s future value have been mixed. Notably, crypto influencer BitBoy, also recognized as Ben Armstrong, acknowledged the likelihood of gains but cautioned against immediate skyrocketing. While he dismissed the notion of ADA swiftly reaching $100 per coin, he didn’t rule out the possibility altogether.
External Factors in Play
Market experts recognize that ADA’s future trajectory is influenced by various external factors. One notable consideration is the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Sebastian Purcell, an analyst, emphasized the importance of this lawsuit for ADA’s future.
If the lawsuit concludes favorably for Ripple, ADA could potentially exceed the $0.50 mark. However, historical precedent, particularly pertaining to XRP’s performance, might present challenges for ADA to surpass its previous all-time high.
Dollar Devaluation and Whale Activity
Factors beyond Cardano’s upgrade also play a role. Speculation suggests that a significant devaluation of the U.S. dollar could trigger a rally in ADA’s value, along with other cryptocurrencies. Additionally, an increase in whale activity within the ADA ecosystem has been observed, with a notable accumulation of over 420 million ADA by Cardano Sharks and Whales. These factors collectively contribute to the positive sentiment surrounding ADA’s potential for growth.
Cardano (ADA), Compound (COMP), Curve DAO (CRV)
VC Spectra (SPCT) has started to assert its dominance over crypto competitors like Cardano (ADA), Compound (COMP), and Curve DAO (CRV). This powerful new gem impresses investors with its exceptional rewards and unrivalled real-life utility. On top of that, VC Spectra (SPCT) raised over $2.4 million in private seed sale.
Cardano (ADA) Could be Delisted from Coinbase
Cardano (ADA) is currently priced at $0.29, decreasing by 5.10% in the last five days. Cardano (ADA) bears expect more pronounced dips after the recent news that Coinbase may be required to delist 13 tokens which the SEC previously described as ‘unregistered securities,’ including Cardano (ADA).
Thus, some analysts warn that Cardano’s (ADA) price could soon drop below the $0.27 range. On the other hand, Cardano (ADA) bulls predict rallies toward $0.35 in the next seven days. Experts believe that Cardano’s (ADA) new Project Catalyst could significantly improve Cardano’s (ADA) market performance. The project will provide a framework for the creation of real-world projects.
Compound (COMP) Drops Over 20% in Seven Days
Compound (COMP) is trading for $57.35, dipping by a massive 20.65% in the last week. According to Compound (COMP) bears, the token’s rapid drops from its figures above the $70 threshold clearly indicate that Compound (COMP) could decrease below $45 by the middle of August.
Conversely, Compound (COMP) bulls hope for an improved price performance due to the astonishing growth of Compound’s (COMP) developer ecosystem. Furthermore, Compound (COMP) continues to attract interest with its unique new products, such as the CometWrapper, which makes Compound (COMP) V3 tokens ‘non-rebasing’ and static.
Curve DAO (CRV) Resumes Bearish Trend
Curve DAO (CRV) is selling for $0.61, dropping by 15.63% in the last seven days. Curve DAO (CRV) bears expect continued dips in Curve DAO’s (CRV) price after several Curve Finance pools were recently exploited by over $47 million due to malfunctioning reentrancy locks. Hence, Curve DAO (CRV) could approach the $0.45 level in the next few days.
However, Curve DAO (CRV) bulls are confident that the token will soon reclaim its earlier figures above the $0.70 range. This optimism is based on several positive factors such as Curve DAO’s (CRV) low-risk transactions and efficient stablecoin trading. Furthermore, Huobi co-founder Jun Du recently displayed his support by purchasing 10 million Curve DAO (CRV) tokens.
VC Spectra (SPCT) Is Set to Dominate the Crypto Sphere
VC Spectra (SPCT) is a community-driven decentralized hedge fund that presents the most viable investment opportunities in current blockchain projects and technology startups. VC Spectra (SPCT) users can explore various tokens and niche markets and diversify their portfolios with countless lucrative options.
Furthermore, VC Spectra’s (SPCT) cutting-edge AI trading systems enable users to make informed investment decisions that bring them quarterly dividends and buybacks. On the other hand, the deflationary VC Spectra (SPCT) token grants several amazing benefits, such as access to pre-ICO discounts and voting rights for future investments.
The VC Spectra (SPCT) token is currently at Stage 2 of the public presale, selling for $0.011. Investors are looking at 127.27% gains when the token surges to $0.025 at Stage 3 and incredible 627% gains when VC Spectra (SPCT) reaches the $0.080 presale target (an impressive 10x surge from the initial price of $0.008).
Major experts predict that VC Spectra (SPCT) is bound to outclass opponents such as Cardano (ADA), Compound (COMP), and Curve DAO (CRV), so invest now and receive a 25% bonus on all deposits!
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Cardano (ADA) Network’s On-Chain Activity Surges Amid Growing DeFi Adoption
Cardano (ADA), a prominent smart contract-based blockchain, has been experiencing a substantial surge in on-chain activity. As the broader digital asset landscape gains mainstream traction worldwide, Cardano’s ecosystem has seen an uptick in DeFi (Decentralized Finance) development, evidenced by the growing adoption of Dapps such as Minswap, Indigo, MuesliSwap, and Liqwid.
However, the network also faces significant regulatory scrutiny in the United States, with the Securities and Exchange Commission (SEC) recently placing ADA on a list of digital assets potentially classified as securities.
Rising On-Chain Activity:
Market intelligence platform Santiment’s on-chain analysis reveals a noteworthy increase in Cardano’s on-chain activity, driven by heightened adoption and participation. Accumulation of ADA by both large investors (sharks and whales) and individual holders has been observed over the past several months.
Notably, investors holding between 100,000 to 10 million ADAs have collectively added $116.1 million worth of coins since May 21 of this year. This surge in accumulation has pushed Cardano’s whales and sharks to their highest level since September 2022.
Transaction Volume Surge:
Cardano’s on-chain transaction volume has been on a steady upward trajectory over the last six months. Santiment highlights consecutive weeks with transaction volumes surpassing 67 billion ADA, marking a notable high not seen since September 2021. This sustained increase in transaction activity underscores the growing utilization of the Cardano network for various purposes.
Price Implications:
Amid the escalating on-chain activities, a pivotal question arises regarding the potential correlation between Cardano’s on-chain performance and its price movement. ADA, currently valued at $13 billion, has maintained stability around 30 cents year-to-date, following a challenging year in 2022 characterized by a decline in value.
Conclusion:
The Cardano (ADA) network’s surge in on-chain activity, coupled with its expanding DeFi ecosystem and the adoption of various Dapps, reflects its growing significance in the blockchain landscape. Despite facing regulatory scrutiny, the network’s increased transaction volume and accumulation by large investors signify a promising trajectory.
As the crypto community speculates on whether the heightened on-chain activities will translate into a price surge for ADA, the cryptocurrency market watches closely to see how Cardano’s journey unfolds in the coming months.
Cardano DeFi Rapidly Shrinking, Borroe Set for Stage 1 of Presale: Time to Buy?
Lately, Cardano has been experiencing a decline in price value, raising concerns among investors. Meanwhile, amidst this changing landscape, Borroe has emerged as a novel and promising addition to the Web3 ecosystem.
This article will explore Borroe’s unique features and how it provides a solution for businesses and creators seeking funding. Additionally, we will explore the current state of Cardano’s DeFi and how it compares to the rising potential of Borroe.
Borroe Set for Stage 1 of Presale: Time to Buy?
Borroe has recently emerged as a standout player in the fast-paced world of cryptocurrency. With a focus on leveraging cutting-edge AI and blockchain technology, Borroe’s unique funding marketplace connects content creators, businesses, investors, crypto enthusiasts, and other Web3 participants.
Through the platform, users can use future earnings from invoices, royalties, and subscriptions to raise immediate funds. An innovative aspect of Borroe’s approach is using non-fungible tokens (NFTs) to represent outstanding, recurring or future revenues, making it easy for businesses to raise funds by selling these NFTs at a discounted price within the Borroe marketplace.
One of the key benefits of choosing Borroe is the platform’s comprehensive understanding of various business models and unique challenges. With Borroe, entrepreneurs can maintain ownership and control over their ventures while gaining access to much-needed additional funding.
Furthermore, the platform’s acceptance of various payment methods, including major cryptocurrencies, attracts many investors and crypto enthusiasts, fostering a diverse and engaged community.
Initially launched at an affordable price of $0.01 for the native token, $ROE, the presale has already gained substantial traction. The stage rapidly sold out and has advanced to the first presale stage, marking a 25% price increase.
Over 30% of tokens have already been sold in a matter of days, creating hype in the investing community. As Borroe proves its potential in the Web3 landscape, now could be the perfect time to consider participating in its presale and become part of the future of decentralized finance.
To top it all off, $ROE will increase by 50% in the next stage and is predicted to reach 300% returns by the end of all eight presale stages, delivering hefty potential returns to early investors.
Cardano’s DeFi Is Rapidly Shrinking
In the burgeoning DeFi landscape, Cardano has recently faced some challenges. Since being hit by the SEC in June, ADA has been surrounded by bearish sentiment.
Also, the declining daily trading volumes signalled a lack of enthusiasm among ADA investors ahead of the anticipated Mithril upgrade, which enhanced the network’s efficiency and expanded its application capabilities.
The Mithril upgrade, recently launched, is expected to revive the ADA cryptocurrency in the following period, although the price still struggles at press time.
The Bottom Line
In the ever-changing landscape of DeFi, Cardano’s DeFi ecosystem is experiencing a shrinking phase, as declining trading volumes and price drops have impacted investor sentiment. In contrast, Borroe’s ROE is increasing by leaps and bounds, providing an ideal moment for investors to seize this innovative opportunity.
Overall, Borroe ($ROE) is a promising addition to the Web3 ecosystem. Its innovative marketplace connects creators and businesses with supportive communities of investors seeking higher returns. This innovative community is the first of its kind to help innovative Web3 businesses connect with investors willing to fund their favourite brands.
With its innovative use of NFTs and commitment to transparency, Borroe offers a unique opportunity for investors seeking to be part of the Web3 revolution.
Explore the Borroe ($ROE) Presale:
Bitcoin and Cardano Struggle, Borroe ($ROE) Captures Attention
Bitcoin (BTC) disappointed investors in July 2023 after failing to retain bullish momentum and break through $32,000 resistance. Also, Cardano has stayed stable for the past few weeks, and investors are already tired of the lack of volatility.
Savvy investors are now pursuing a new crypto that has performed beyond expectations. Borroe ($ROE) raised $250,000 in the last week of July, and investors are buying it in its first presale stage.
Bitcoin (BTC) Trades Below $29,000 Support
As thousands of crypto investors anxiously await the SEC’s decision on Spot BTC ETF applications on Monday, July 31, the US SEC resumed its regulation by enforcement policy with full force. The commission sued Peter Heart, Hex, PulseChain, and PulseX for defrauding crypto investors.
Analysts believe this incident could excuse the SEC to deny Spot BTC ETFs again to protect gullible retail investors from sophisticated scammers. Consequently, Bitcoin (BTC) fell from $29,131 on July 31 to $28,760 on August 1, 2023.
Currently, Bitcoin (BTC) is trading at $29,124, and investors are waiting for the SEC’s final verdict before moving.
Cardano (ADA) Founder Aims Hire as Market Price Remains Stable
In a recent video, Cardano’s (ADA) founder Charles Hoskinson, revealed his plans to bring five million new people into Cardano (ADA) ecosystem via Lace Wallet (Cardano ADA web3-enabled crypto wallet).
The Lace wallet will allow users to store academic records, digital records, health records, and other vital documents and facilitate more accessible access to education, employment, and other opportunities. The goal is to onboard the whole K-12 population in Ethiopia.
Cardano (ADA) investors love this idea, but the development will not immediately impact the market price.
Investors Back Borroe ($ROE) to Succeed after Raising $250,000 in Five Days.
Borroe ($ROE) is an AI-powered funding marketplace designed to help content creators, and web3 businesses generate instant cash by selling their future digital earnings to supportive communities. As a Borroe ($ROE) user, you can mint your future subscriptions, royalties, invoices, and digital payments into NFTs and sell them at discounted prices.
As a decentralized fundraising platform, Borroe ($ROE) ensures a secure and straightforward fundraising process by incorporating AI risk assessment, blockchain technology, and efficient payment solutions into its protocol.
Users enjoy instant funding, low-risk investment, high scalability, low transaction fees, privacy, and a P2P communication system. In the last week of July 2023, Borroe ($ROE) listed 25 million tokens for sale at $0.0100, sold out everything and raised $250,000 within five days.
Currently, Borroe ($ROE) has surged by 25%, and the token is selling for $0.0125 at its first presale stage. Borroe ($ROE) will hit the mainstream crypto market and sell for $0.0400 when all presale stages conclude. At this point, investors will record a massive ROI on their Borroe ($ROE) token(s) purchase.
Learn more about the Borroe ($ROE) presale here:
Will Coinbase Delist Cardano (ADA) and Other 13 Altcoins? CEO Weighs In
Delisting digital tokens is becoming a hot topic in the crypto world, especially due to unclear regulations. The CEO of Coinbase, a major U.S. cryptocurrency exchange, believes that removing 13 tokens including Cardano (ADA) without clear justification is unfair.
However, this situation arises from a legal battle with the U.S. Securities and Exchange Commission (SEC), which argues that these tokens, though a small part of Coinbase’s offerings, lack proper securities registration.
Coinbase to Delist Token to Ease Regulatory Pressure?
On a wider note, Brian Armstrong, the CEO of Coinbase, spoke with Financial Times reporter Scott Chipolina about the whole situation. He explained that while the delisting of ADA and other tokens is a concerning possibility, it wouldn’t significantly harm Coinbase’s revenue or overall existence.
However, he argues that imposing regulatory scrutiny before a clear rule has been unfair and unjustified. As there will be possible negative market effects including increased selling pressure on undervalued tokens and hence more market liquidity.
On the other hand, Cardano’s developer, Input Output Global (IOG), strongly disagrees with the SEC’s stance, asserting that ADA should not be labeled as a security.
In response to the SEC lawsuit, Coinbase has already filed a motion to have the case dismissed. The company is drawing parallels to a similar case involving Ripple to strengthen its argument against the SEC.
What is The Future of Cardano (ADA) and Other Tokens?
In the meanwhile, the fate of ADA and other tokens at risk of delisting remains uncertain. Armstrong’s remarks imply they might still trade on other exchanges even if not on Coinbase. A positive resolution of the SEC lawsuit could let these tokens stay. Yet, the case’s final outcome is unclear.
Having said that, investors holding Cardano (ADA) and other tokens must recognize the risks and seek advice from financial experts. ADA fell below $0.30, a 0.2% drop in 24 hours and 5% in a week, now at $0.293809. Recent weeks show nearly a 6% decline from the previous surge in value.
Cardano Price Prediction: ADA Holds Strong At $0.30
Cardano is still yet to meaningfully challenge Ethereum as the enterprise blockchain king. Nonetheless, it has gained some foothold recently in a turbulent market. Investors are looking at alternatives like DigiToads to provide more upside even as they tread carefully with the more established coins.
The launch of Cardano was a significant moment in the enterprise blockchain era. This project boasted some Ethereum alumni, most notably Charles Hoskinson. Cardano sought to have a robust and scalable solution for investors and be more scalable than the Ethereum Blockchain.
Such utility is a distinction in the blockchain space. DigiToads is a utility memecoin aiming to create a value-added gaming blockchain platform. The project is finalizing a successful presale on August 15th, 2023, and has raised over $6.5 million. Notably, the presale is in its tenth and final stage, with tokens retailing at $0.050 as investors prepare for launch on 21st August 2023.
Cardano blockchain usage surges
ADA prices are a work in progress. However, the usage of the Cardano blockchain itself is inspiring Cardano enthusiasts. Cardano has begun to outperform the Ethereum blockchain regarding the total value of tokens locked in its Decentralized Finance (DeFi) ecosystem.
This report shows that developers are utilizing the Cardano blockchain for creating decentralized applications more. Ethereum has had significant scalability challenges, which has made the blockchain more expensive than its competitors.
This news is significant because ETH denotes enterprise blockchain activity online, like the USD dominates global trade. Even though ADA is still at $0.30 – 0.031, a surge in Cardano usage is still a significant development. Ethereum has to innovate out of its scalability issues or will find itself boxed out of its niche.
DigiToads also thrives on utility
Like Cardano, DigiToads is emerging as a serious challenger to an incumbent. The utility meme coin is seeking to become a difference-maker in this sector. DigiToads is launching a play-to-earn gaming ecosystem on August 21st, 2023.
This addition can transform memecoins forever. Unsurprisingly, investors have jumped on the ship pushing the presale to continued success. The launch price of $0.055 represents a 400% gain for the earliest token holders.
DigiToads has managed to build this excitement by providing a template for growth. Users participate in a game with a chance to create value. The goal is to nurture digital toads and earn TOADs tokens rewards in the process.
This model is different from typical memecoins with neither a roadmap nor utility. DigiToads has shown investors that it will be more than just a purely speculative token with cyclic relevance. Instead, the platform creates a core community that will be the most valuable component of the platform.
Players can look forward to a robust game with the advantage of earning rewards while having fun. There is also the option of minting NFTs to create more value on the platform. In a rarity, DigiToads allows NFT holders to stake them and earn yield as a percentage of TOADS tokens transaction fees. Minting NFTs is now possible at https://mint.digitoads.world/.
Conclusion
DigiToads and Cardano are pretty similar in their effect. The two platforms improve on what the pioneers started. Cardano is slowly but surely exerting its presence among smart contract blockchains for its efficiency. Similarly, DigiToads’ utility provides an edge among memecoins.
Investors are anticipating the launch on 21st August 2023. This launch will open up many opportunities, from staking NFTs, holding TOADS tokens, and simply having fun with the gaming activity. It will be fascinating to watch how far this project has risen.
Bitcoin (BTC) And Cardano (ADA) Price Slumps; Buy Now into Uwerx (WERX) End of Presale
The cryptocurrency market has been unstable recently due to recent lawsuits from the SEC. Bitcoin (BTC) and Cardano (ADA) are two major cryptocurrencies that have experienced significant price slumps, causing more concern among investors. While the market attempts a recovery, Uwerx progresses impressively on its presale. The project is new to the market and comes with rare profit opportunities. The project brings innovations to the market and could be the most significant invention 2023.
Bitcoin (BTC)
While Bitcoin (BTC) slumped from $27k to nearly $25 after the SEC’s lawsuit announcement against Binance and Coinbase, the project seems to be reacting better. It retraced slightly to $26k before slipping back to over $25,500. The Bitcoin (BTC) market cap is down, but its dominance has spurred minor gains in other altcoins. Altcoins like Cardano (ADA), Shiba Inu (SHIB), and Solana(SOL) have picked up by 9%, 8%, and 7%, respectively.
Cardano (ADA)
Similar to Bitcoin’s (BTC) recent position, Cardano (ADA) has pulled some gains and is 4.36% in the last 24 hours. The crypto project has, however, lost more over the past few days, following SEC news that it is a security. The project dumped over 15% from the news but presently attempts a recovery. The project has refuted the claims of the SEC and has informed its community to disregard the agency’s claims of it being security. With the minor gains the project has seen, it could be heading toward a full-blown recovery moving forward.
Uwerx (WERX) Presale Final Call
The freelance industry allows the flexibility to work multiple jobs and earn more. And one of the reasons many favour it over full-time jobs is this. Freelancers in the recreation field earn an average of $7,000 monthly. Nothing is better than an opportunity to expand your reach as an individual, both in career advancement and earnings. Uwerx is a project looking to offer this and more to freelancers in the gig economy.
Uwerx introduces features that can help freelancers earn more while giving them access to a wide range of clients. Similarly, businesses and clients get a global pool of talent. Users get to pay as little as 1% service fees and also get incentives for signing up and for their performances. The platform allows investors also to have a stake and buy the tokens at the least price on presale.
Hurry! Don’t miss out on the Uwerx promotion for WERX at the current price of $0.05645. You can get an additional 12.50% bonus on all purchases alongside the ongoing 15% bonus. This limited-time offer ends at 23:59 UTC today. Act now and take advantage of these exclusive bonuses for your WERX purchases!
Join the presale now and enjoy a 15% plus 12.5% bonus: