Author: Azeez Mustapha
United Kingdom Source: InsideBitcoins.com
Sep 11, 2024 01:50
Cardano Price Prediction for Today, September 9 ADA Technical Analysis
The Cardano price prediction reveals that ADA is moving bullishly with a gain of 3.37%, as the coin prepares for a bullish cross above the [...]
View DetailsAuthor: Newton Gitonga
United States Source: ZyCrypto
Sep 09, 2024 01:45
Cardano Founder Outlines Future Plans For ADA Network Post-Chang Hardfork
Charles Hoskinson has outlined the next steps for Cardano (ADA) following the successful implementation of the Chang hard fork last weekend. View Details
Author: Mark Brennan
United States Source: The Crypto Basic
Sep 08, 2024 03:35
Cardano Founder Congratulates Cardano for This New Achievement
Charles Hoskinson congratulated the effect of the newly launched Snek.Fun, which saw Cardano hit a new daily trading volume high.…
The post Cardano Founder Congratulates Cardano for This New Achievement first appeared on The Crypto Basic.
View DetailsAuthor: Lipika Deka
Estonia Source: TronWeekly
Sep 08, 2024 02:30
Cardanos Jekyll and Hyde: Strong Upswings, Sharp Downturns
Cardano’s native token ADA has displayed significant volatility compared to 18 other cryptocurrencies. This observation is based on the study of its one-year performance tracked via Bloombergs USD generic price index. The chart shows that ADA often exhibits strong upward momentum during bullish market phases, but struggles to hold onto the gains, frequently posting steeper […]
View DetailsAuthor: Muthoni Mary Kiama
United States Source: ZyCrypto
Sep 08, 2024 01:45
ADA Poised For Unexpected Bullish Storm as Cardano Developers Join Key Blockchain Alliance
Despite the bearish sentiment that has engulfed the broader cryptocurrency market since September, ADA appears ready to extend its gains. View Details
Author: Aishwarya shashikumar
Estonia Source: TronWeekly
Sep 08, 2024 02:30
Cardanos Surge with Chang Hard Fork: What it Means for ADA Holders in 2024
Cardano’s blockchain took a major step forward with the Chang hard fork on September 1, 2024. This marks the networks entry into the Voltaire era, ushering in new governance systems. Users can now participate in decision-making, delegate votes to representatives (DReps), or opt out entirely. But this shift has also sparked concerns among ADA holders. […]
View DetailsAuthor: Jake Simmons
United Kingdom Source: NewsBTC
Sep 07, 2024 12:05
Heres How Cardano Price Will Survive A US Recession: Crypto Analyst
In a new video analysis, popular crypto analyst Dan Gambardello delved into the potential future of the Cardano (ADA) price amidst the troubling forecasts of a US recession. With a significant following of 369,000 on YouTube, Gambardello highlighted the general unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. Will Cardano Bottom In December? He drew parallels between historical S&P 500 behavior and current market conditions, noting, “On average the S&P 500 bottoms three months after a recession begins, but 10 months before the recession ends.” This observation is crucial as it sets a potential timeframe for when investors might expect the crypto market, including ADA, to bottom out. I give it a 50/50 odds that we’re in a recession now. Check this out. The Fed has signaled that September interest rate cut is coming all but two times in history when the Fed has started to cut rates, a recession followed, Gambardello suggested and explained that recession starts are usually only declared to have started once they have already begun. He further explained that the prevalent discussion about the US already being in a recession could impact investment strategies. According to Gambardello, if history repeats itself, the market could see its lowest point in December 2024. He based this on a detailed look back at market downturns since 1957, which typically show significant movements three months following the onset of a recession. Related Reading: Stunning Fall From Grace: Cardano Suffers 90% Plunge In Market Share Since 21 I just think whenever the bottom will be in, it is going to be explosive […] oftentimes [they declare] it 10 months later and they’re like hey, you know what, the recession started 10 months ago. Nobody, there’s no exact science to when it starts, not like a set date but 3 months after it, the bottom is in for markets, the crypto analyst noted. Gambardello then addressed the Federal Reserve’s signals about upcoming interest rate cuts, which historically have been followed by recessions. This pattern adds another layer to the already complex market analysis, suggesting that a recession might indeed be imminent or already underway. “All but two times in history when the Fed has started to cut rates, a recession followed,” he remarked, highlighting the gravity of the current economic signals. Shifting focus to Cardano, Gambardello juxtaposed ADA’s current market performance against its historical data. He pointed out that, similar to previous cycles, ADA is currently down by 89% from its peak, closely mirroring its past downturns where it was down by 94% at similar points. Related Reading: Crypto Analyst Explains Why Cardano Remains Fundamentally Bullish Were down 89%. So put it all aside, Cardano is not doing anything different than it did last cycle. And the one thing I did notice though was from this 2018 high to when Ada made its way to where we are right now is, that was around 992 days after that all-time high. This time around and this is why I think it feels a little bit more painful for Cardano holders this time around, we’re looking at almost 1,100 days from all-time high to this moment right so it’s been very grueling, Gambardello stated. Moreover, he analyzed Bitcoin’s influence on altcoins like Cardano. He discussed the potential for an ‘altcoin season,’ a period when altcoins typically surge if Bitcoin’s market dominance begins to wane. According to his analysis, such a season isn’t currently in play but could be on the horizon, correlating with his predicted market bottom in December. Most altcoins, especially the blue chips, especially the top altcoins, are going to fly when market bottoms and crypto bounces, Gambardello said. Concluding his analysis, Gambardello adopted a cautiously optimistic tone. He acknowledged the uncertainties inherent in predicting crypto markets but underscored the importance of historical patterns and current economic indicators in formulating investment strategies. He advised his viewers to stay vigilant, keep an eye on market data, and be prepared for more potential downside, but also be ready for an explosive growth period that has historically followed recessions. At press time, ADA traded at $0.3218. Featured image from Shutterstock, chart from TradingView.com
View DetailsAuthor: Sam Wisdom Raphael
United States Source: The Crypto Basic
Sep 07, 2024 03:35
Heres What Hoskinson Has to Say About the Proposal to Burn $500M in Cardano Treasury
There has been debate within the Cardano community about the proposition to burn $500 million worth of ADA tokens held…
The post Heres What Hoskinson Has to Say About the Proposal to Burn $500M in Cardano Treasury first appeared on The Crypto Basic.
View DetailsAuthor: Abdulkarim Abdulwahab
United States Source: The Crypto Basic
Sep 07, 2024 03:35
XRP or Cardano: Which Will Reclaim $1 First? ChatGPT Predicts Timeline
Popular AI resource ChatGPT recently commented on the intriguing question of which crypto, XRP or Cardano (ADA), will be the…
The post XRP or Cardano: Which Will Reclaim $1 First? ChatGPT Predicts Timeline first appeared on The Crypto Basic.
View DetailsAuthor: Vignesh k
United Arab Emirates Source: TheNewsCrypto – Blockchain & Cryptocurrency News M
Sep 06, 2024 04:10
Cardano Analyst Predicts Potential 1,000% Rally for ADA Against Bitcoin
Cardano (ADA) finds itself at a potentially pivotal juncture as renowned analyst Dan Gambardello identifies a bullish divergence in its price action against Bitcoin, drawing striking parallels to a similar pattern observed in 2020. This technical formation has sparked speculation about a possible massive rally for ADA, reminiscent of its View Details
Author: Abdulkarim Abdulwahab
United States Source: The Crypto Basic
Sep 06, 2024 03:35
Cardano Bull Predicts ADA Could Soon Rally 1,000% Against Bitcoin
Cardano analyst Dan Gambardello predicts a potential 1,000% rally for ADA against Bitcoin, citing a bullish divergence similar to 2020’s…
The post Cardano Bull Predicts ADA Could Soon Rally 1,000% Against Bitcoin first appeared on The Crypto Basic.
View DetailsAuthor: Olivia Stephanie
United States Source: The Crypto Basic
Sep 05, 2024 03:35
Cardano Founder Reacts to Backlash Over ADA Price Fall Post-Hard Fork
Charles Hoskinson, the founder of Cardano, recently engaged in a conversation regarding the poor price performance of ADA post-hard fork.…
The post Cardano Founder Reacts to Backlash Over ADA Price Fall Post-Hard Fork first appeared on The Crypto Basic.
View DetailsAuthor: Mark Brennan
United States Source: The Crypto Basic
Sep 05, 2024 03:35
Polkadot Welcomes Cardano to on-Chain Governance After Chang Hard Fork
Cardanos move to the Voltaire era was met with a cryptic congratulatory message from rival blockchain Polkadot. Decentralized protocol Polkadot…
The post Polkadot Welcomes Cardano to on-Chain Governance After Chang Hard Fork first appeared on The Crypto Basic.
View DetailsAuthor: Sam Wisdom Raphael
United States Source: The Crypto Basic
Oct 01, 2024 03:35
Cardano and Solana Set to Witness Large Token Unlocks in October
In early October, crucial token unlocks are scheduled for both the Cardano (ADA) and Solana (SOL) ecosystems, triggering attention from…
The post Cardano and Solana Set to Witness Large Token Unlocks in October first appeared on The Crypto Basic.
View DetailsAuthor: Lipika Deka
Estonia Source: TronWeekly
Oct 01, 2024 02:30
Is IOG Betraying Cardano? Community Member Accuses
A heated exchange erupted between Cardano founder Charles Hoskinson and a community member regarding the future direction of the smart contract platform. The dispute revolves around IOG’s development contract and the allocation of funds from the Cardano treasury. The community member who goes by the name Shaggyrax aka Samuel, has raised doubts over a potential […]
View DetailsAuthor: Newton Gitonga
United States Source: ZyCrypto
Oct 01, 2024 01:45
Cardano Development Soars Despite ADAs Struggle to Take Out $0.50
Cardano (ADA) traded quietly on Saturday after an eventful week that saw the 10th largest cryptocurrency rise by just over 14%. However, despite this growth, ADA has struggled to breach the psychological barrier of $0.50 since its last failed attempt in July. Nevertheless, network activity appears to be thriving amidst this lackluster price performance. As […] View Details
Author: Newton Gitonga
United States Source: ZyCrypto
Sep 04, 2024 01:45
Charles Hoskinson Addresses Concerns Over his Role in Cardano after Chang Hard Fork
Cardano founder Charles Hoskinson has addressed concerns regarding his ongoing role in the project following the successful implementation of the Chang hard fork. View Details
Author: Brenda Ngari
United States Source: ZyCrypto
Sep 04, 2024 01:45
Bitcoin OG Warns Cardanos ADA Within A Whisker Of Crushing Another 90%. Heres Why
Back, one of cryptos early pioneers forewarned that ADA could plummet another 90% from its current levels. View Details
Author: Aishwarya shashikumar
Estonia Source: TronWeekly
Sep 04, 2024 02:30
Cardanos Market Share Crashes: 89.2% Plunge Since 2021 Peak
Tuur Demeester, a prominent voice in the Bitcoin community, recently fired back at Charles Hoskinson, the founder of Cardano (ADA). The spat erupted after Hoskinsons controversial remarks about Bitcoin in a video that quickly made waves on social media. His words stirred the pot, leading to a heated debate about the future of the largest […]
View DetailsAuthor: Brenda Mary
United States Source: The Crypto Basic
Sep 04, 2024 03:35
Long-Term Cardano Critic Revises Stance, Praises ADAs New On-Chain Governance Following Chang
Cardano recently marked a significant development with the introduction of on-chain governance through the Chang Hard Fork. This milestone has…
The post Long-Term Cardano Critic Revises Stance, Praises ADAs New On-Chain Governance Following Chang first appeared on The Crypto Basic.
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