July 05, 2021

Cardano Becomes Third-Largest Asset Held on Grayscale

Grayscale Investments, the world’s biggest cryptocurrency investment company, recently announced the addition of Cardano (ADA) to its Digital Large Cap Fund (OTCQX: GDLC). The investment behemoth noted that this fund is “a passive, rules-based strategy that seeks to provide exposure to 70% of the d...

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July 02, 2021

Cardano (ADA) Resumes Uptrend, Consolidates below Resistance at $1.40

Cardano (ADA) Long-Term Analysis: BearishCardano’s (ADA) price is making an upward move after falling to the low above $1.00. On June 22, the bulls bought the dips and push the altcoin to the previous highs. ADA is presently facing rejection at level $1.40. The uptrend will resume if the resi...

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June 25, 2021

Cardano (ADA) Faces Rejection at $1.40 High as Price Revisits the Previous Low at $1.01

Cardano (ADA) Long-Term Analysis: BearishCardano’s (ADA) price is falling on the downside. The price has continued to make lower highs and lower lows. ADA price is falling because it corrected upward to retest the high of $1.40. Buyers could not sustain above the previous high of $1.45. That ...

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June 18, 2021

Cardano (ADA) Slumps as Bulls Fail to Sustain above $1.60 Resistance

Cardano (ADA) Long-Term Analysis: BearishCardano’s (ADA) price is falling after rejection from the $1.60 high. The selling pressure has broken below the moving averages suggesting further decline. Cardano has been in a downward movement from the high of $1.80. Buyers attempted to push ADA to ...

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June 16, 2021

Cardano Market Analysis: Bullish Sentiment Remains

Cardano (ADA) has posted a healthy rebound above the $1.5500 level in the early hours of Wednesday, following a 2% slip the session before. Nonetheless, trading volume and volatility are still on the weaker side, while the cryptocurrency currently trades at $1.5650. Even though the long-term prospe...

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June 05, 2021

Cardano (ADA) Is Trading Marginally, Uptrend Likely

Cardano (ADA) Long-Term Analysis: BullishCardano’s price has recovered after falling to the low of $1.00. The upward correction reached the high of $1.90 but was resisted. ADA price retraced back to the low of $1.60. Cardano’s price is rising and is above the moving averages. The crypto...

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June 04, 2021

Cardano Creator Hoskinson Praises Buterin for Positive Project Comments

CEO of Cardano (ADA) and IOHK, Charles Hoskinson, appears to be squashing his long-lived dispute with Ethereum co-founder Vitalik Buterin. Hoskinson praised the Russian-Canadian developer as mature and confident following his recent appearance on the Lex Friedman podcast. Following an ironic acknow...

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May 30, 2021

Cardano (ADA) Is in a Downward correction, Faces Rejection at $1.70

Cardano (ADA) Long-Term Analysis: BearishCardano’s price recovered in the bearish trend as price fell above the $1.10 support. The altcoin rebounded above the $1.10 and resumed an upward move. The uptrend was short-lived as it was terminated at the high of $1.80. Cardano’s price now flu...

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May 28, 2021

Cardano Upgrade: IOHK Announces Alonzo Launch

The host company of Cardano (ADA), Input-Output Hong Kong (IOHK), has just announced the launch of the testnet for the Alonzo Smart Contracts platform and detailed its rollout blueprint. The Alonzo launch will, reportedly, occur in multiple stages, with every phase classified by color. The current ...

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