ADA

Cardano Price Analysis: ADA continues to trade above $1.20 resistance, targets $1.30 next?

TL;DR Breakdown ADA moved sideways overnight.$1.20 support still holds.ADA/USD targets $1.30 next. Cardano price analysis is bullish for the next 24 hours as the market price continues moving towards further highs after consolidation above the $1.20 mark overnight. Therefore, we can expect ADA/USD to target the $1.30 next resistance early next week. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market trades with mixed results over the last 24 hours. Bitcoin is up by 1,81 percent, while Ethereum by around 1.53 percent. Internet Computer(ICP) is among the best performers with a

High Volatility for Cardano, 60% Price Move Coming

Altcoin News Two critical price points will determine Cardano’s price movement. To be optimistic, rising above the $1.30 resistance level can take ADA to $2.00. However, if the $1.00 support fails, investors may have to prepare for a 60% crash. In a twisted turn of events, Cardano’s dormant stance could be heavily challenged by it coming closer to the peak of a consolidation pattern. This means that the chances for a groundbreaking price move are high. By this, we just mean that Cardano’s fate, and by extension the fate of

THORChain hit by another exploit; loses up to $7.6M

With the emergence of cryptocurrencies, also came a corresponding rise in ransomware attacks. Several security loopholes in the cryptocurrency space in general, and smart contract platforms in particular, have come to light over the last few years. Once hailed as foolproof, blockchains have fallen fall prey to illicit activities, an assertion evidenced by the numerous scams and fraudulent activities that ensued. The latest to fall victim to the same is THORChain, a popular cross-chain decentralized exchange. It’s in the news today after an exploit drained millions of dollars from the

Bitcoin Stumbles on Approach to Yet Another All-Time High

The Bitcoin (BTC) price reached a new all-time high on Dec. 1 but was not able to sustain the increase and has dropped back slightly since. However, the price movement suggests that Bitcoin will soon make yet another attempt at breaking out, though a short-term correction could occur prior.   Bitcoin All-Time High Resistance The weekly chart shows that BTC is trading very close to a long-term resistance area, created by the all-time highs near $19,600. Last week, BTC created a hanging man candlestick, which is commonly considered a bearish

Cardano (ADA) Breakout Could Mean New Yearly Highs on the Horizon

The Cardano (ADA) price has been rejected by a long-term resistance level at $0.17. It has not reached a long-term close above this resistance since June 2018. As long as Cardano is trading inside this bullish structure, it is expected to break out and eventually be successful in finally moving above this resistance zone.   Long-Term Cardano Levels The ADA price has been increasing since March. It moved above the $0.095 resistance area in June, reaching a high of $0.171 before dropping in order to validate the $0.095 area as

Cryptocurrency News Roundup for August 17, 2020

More than nine out of ten bitcoins in supply are currently in the money, meaning they have yielded a higher return-on-investment for their owners over time. And this profitability is not just confined to the alpha-crypto. According to new data from cryptocurrency analytics firm, IntoTheBlock, nearly 95% of all Chainlink (LINK) and 94% of all VeChain (VET) addresses are currently in profit. In fact, barring a few exceptions such as Litecoin (LTC), most of the major wallet-bound altcoins are earning sizeable profits for their holders. More on that and other

Cardano (ADA) Holds On to Crucial Support By a Thread

The Cardano (ADA) price has been decreasing since July 27, possibly indicating that it has begun a corrective movement. While a short-term upward retracement could occur, the ADA price is expected to eventually make another lower-low. ADA Evening Star Pattern The ADA price has been decreasing since it reached a high of 1,593 satoshis on July 26. In the period from July 25-27, the price × BeInCrypto Premium - Register for FREE now. Want to know more? Join our Telegram Group and get trading signals, a free trading course and

XRP (Ripple) vs XLM (Steller) vs ADA (Cardano): Which Altcoin Reigns Supreme?

Some of the best cryptocurrencies to prospect on are also some of the best values. What if we were to tell you three altcoins — currently priced in the low cents — are all potential sleepers? [embedded content] In the case of XRP (Ripple), XLM (Stellar), and ADA (Cardano), all three altcoins have unique growth potential on the crypto market.  Ripple, for example, has a rich history in e-payments dating back to the days of ripplepay.com, as an early competitor to PayPal.  In 2011, crypto-mogul Jed McCaleb (more on him

Cardano, EOS, Dash Price Analysis: 10 August

Cardano, EOS, and Dash, all seemed to be consolidating/range-bound, with their prices waiting to break out on the charts, at the time of writing. However, in the short-term time frame, all the aforementioned cryptos seemed to be expecting a short decline in the near-term.Cardano [ADA]Source: ADAUSD TradingViewCardano [ADA] no longer holds the eighth position on CoinMarketCap’s charts, with its position taken over by Litecoin [LTC]. At press time, ADA had a market cap of $3.7 billion, having registered a 2.15% decline over the last 24 hours. With Cardano’s PoS blocks

Adam Back: Some ICOs Funded Useful Research Despite Being Unethical

Adam Back recently took to Twitter with controversial comments on many of the industry’s largest crypto projects — including Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Stellar (XML). His tweets placed these projects in the same category as a number of bonafide scams, which he considers to have been orchestrated as “premines”.We interviewed Back in order to clarify his position on the matter, starting with questions of how he feels about Satoshi Nakamoto essentially premining over one million Bitcoin. Back responded that “Bitcoin has no premine”, adding that he considers