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CARDANOADA

ADA : BIG NEWS for Cardano 👀👇📉Hi Traders, Investors and Speculators of Charts📈 In recent news we've just learnt that Cardano is being considered to assist in the upcoming voting processes! Multiple US states are exploring the potential of leveraging Cardano for enhancing election transparency through the integration of blockchain tech into the voting process. Now this does not necessarily mean that ADA coin will be involved, but it does speak to the confidence in the Cardano blockchain. This fits in well with the chart technical analysis, where we can see that the bullish news is just in time for a new bullish cycle. According to the CEO of the Cardano Foundation, some US states have reached out to discuss the development of a blockchain-powered voting system. One of the biggest concerns surrounding elections is election fraud, and blockchain provides the perfect solution. The aim is to conduct elections with increased transparency. It is high time that we use the power and possibilities of blockchain. For voting purposes, a lightweight blockchain solution will enhance the transparency and accountability of the voting processes. At the same time, Gregaard also hinted at similar discussions taking place in the UK where there have been enquires to blockchain based solutions for voting. Considering that Cardano has been in this space for a while and is well established, the probability of them collaborating in a blockchain-based voting solution is quite likely. The Cardano Foundation, like many other decentralized blockchain entities, have already incorporated blockchain-based voting into its operations to democratize decision-making. Cardano employs Catalyst, a platform enabling ADA holders to propose and vote on network projects. This way, Cardano has already proven with a working product a way for blockchain based voting. Cardano may face competition if the idea gains traction in the US. Other blockchain networks may also try to propose their initiatives and it is not guaranteed that this project WILL ultimately fall to Cardano. But Cardano is well equipped for such a challenge. Recent data shows a surge in developer activity on Cardano, surpassing even Ethereum. This suggests that developers increasingly viewing Cardano as an appealing platform with opportunities comparable to Ethereum. The influence of Cardano has extended beyond voting initiatives, as evidenced by its collaboration with the Dubai Police on a blockchain pilot project. This project aims to securely share sensitive data with global law enforcement agencies like Interpol, showcasing the diverse applications of blockchain technology in combating crime. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:ADAUSDT
Long
by CryptoCheck-
Cardano, mid term tradingHappy Sunday everyone, this analysis is a medium term analysis, which closes the position in the next two or three months. In this analysis, I used a daily time frame, because if I used 4 hours, it wouldn't fit on 1 chart. Cardano has touched channel up support that was formed since early November last year, and this pattern is still very strong and persists to this day. We can take bullish steps now around the 0.5878 level, or wait to touch support again at the 0.5692 level, by pursuing the 52% profit projection at the up resistance channel at the 0.8710 level as profit target. However, this time I recommend using a small margin, because it is not only the up channel that is formed, but also the head and shoulders pattern. and if the up channel pattern breaks down, then what will happen is that bears will pursue the target of 0.3411 with a decline of -40% My money management is simple in this trading, I use 1% of equity without a stop loss and if the price falls to 0.3411, I make a buyback (martingale) with a volume of 2% or 3% of equity. Hopefully this analysis is useful, Don't forget to support and share this analysis. Happy trading
Long
by AzrulAzir
Cardano Tumbles 10% Friday As Grayscale Dumps Its HoldingsCardano ( CRYPTOCAP:ADA ), a cryptocurrency, experienced a 10% decline in value over the week. This was due to Grayscale Fund's announcement that it would be removing the token from its portfolio. The decision has raised concerns among analysts that Cardano ( CRYPTOCAP:ADA ) may face further price consolidation or a drop in value. Grayscale Digital Large Cap Fund manages $579 million in assets and previously had 1.62% of its portfolio, worth $9.4 million, invested in Cardano ( CRYPTOCAP:ADA ). However, the fund liquidated all of its CRYPTOCAP:ADA holdings and invested in Avalanche instead. Cardano ( CRYPTOCAP:ADA ) may face a price consolidation or an impending drop following a lull in activity. Despite a 12% price drop, 48% of Cardano ( CRYPTOCAP:ADA ) holders remain profitable, while 49% are currently out of profit. The token has a Relative Strength Index (RSI) of 40.19 indicating a weak buying momentum. Essential Cardano's weekly development report highlights a significant milestone for the project, having completed 88.6 million transactions. The report also mentions 164 launched projects, 1,353 projects under development, and over 9.86 million native tokens.
by DEXWireNews
ADA - Be Ready for a SUDDEN PUMP📉Hi Traders, Investors and Speculators of Charts📈 Fundamentally - I'm no fan of Cardano. In a certain sense it gives me XRP2.0 vibes, with the cult following community and all. Over-promise and under-deliver with youtube shillers is XRP style and raises red flags. Ultimately, I believe crypto is bigger than one person , and most definitely bigger than than one industry expert / founder. These are a few reasons as to why fundamentally, I'm not an ADA fan. HOWEVER. As I've said many times before, any coin can and will be traded by whales. Herewith lies opportunity for retail traders, IF you manage to get a good entry. From a chart analysis, Cardano has broken out of accumulation phase by forming a clear bottom. We even start to see glimpses of a new bullish cycle starting as the price makes higher lows. To the left from a weekly outlook, a wick to the purple 200d moving averages is possible. On the right, from a daily perspective, we'd like to see the turquoise 100d moving averages hold: I believe it's possible for the price to continue increasing from here and I even believe a hard and sudden, random pump is possible (likely followed by a sudden dump). I'll be looking for increases 30% and 45% from here, as near term targets. Higher is possible, but I'll leave higher targets for a later post once we have actually achieved these price levels. You may need some patience though: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck KUCOIN:ADAUSDT COINBASE:ADAUSD
by CryptoCheck-
1
Cryptolean Cardano ADA Update Last two weeks, in the daily chart ADA is teasing the key resistance zone of $0.76-$0.80. Above $0.80, bulls will take control of the ADA price chart towards $1. A daily candle closure above $0.80 will push ADA price towards $0.90 and higher. Below $0.66 is the bearish zone and ADA price will decline towards $0.57 for another re-test of the ascending daily trendline. Intraday Chart The ADAUSDT 4-Hour chart is in the bullish territory and holding the key intraday support of $0.736. A reversal from its current price location is likely and a bullish rejection of $0.736 will push Cardano to the key intraday resistance zone of $0.84-$0.88. A bearish dip to $0.69 or, even better, to $0.65 and a bullish rejection of one of these levels could offer a long trade towards $0.84-$0.88 and higher. Like once read. Thank you!
Long
by Trade-Lean
ADA : This FRACTAL shows New BULLRUN 📢📉Hi Traders, Investors and Speculators of Charts📈 ADA / Cardano has spent an extended period in the "Accumulation Zone" (this basically means sideways trading at very low prices). According to Wyckoff Method, this is the pre-cursor to a new bullish cycle. The new bullish cycle is identified when we see a breakout ABOVE the range trading zone. This is where our fractal comes in. Cardano has previously done a similar thing where the price stayed in a tight rage for an extended period of time. This, was infact the precursor to the bullcycle that led to the previous ATH ! If you didn't get an entry in the accumulation zone, now is your second chance before the price starts another bullish cycle. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD COINBASE:ADAUSD
Long
by CryptoCheck-
1
When will the Cardano ADA price be above $1 ?If we apply Elliott wave analysis to the ADAUSDT price movement, we will see very harmonious proportions. It can be assumed that the ADAUSD price is currently at the stage of a correctional wave - 4 - and in order to continue its dynamic growth, it is not advisable for the ADA price to fall below $0.40-0.46. (despite the fact that it has already reached $0.465) If this condition is met, then in the near future (Q1 2024), as part of t he -5- impulse wave , the price of Cardano ADA will have every chance of crossing the $1-1.10 mark, or even higher. As always, we are waiting for your thoughts in the comments below the idea.
Long
by P_S_trade
18
Potential Surge Ahead: ADA's Outlook Beyond $0.7 Although CRYPTOCAP:ADA experienced a 78% increase in December 2023, its growth has somewhat plateaued. The asset has been trading sideways for the past two weeks, hovering between a support zone of $0.52–$0.56 and a resistance range of $0.64–$0.68. With Bitcoin's bullish trend, CRYPTOCAP:ADA 's continued rise seems likely. A key resistance level at $0.62 stands in its way, but surpassing this could lead to a potential surge towards $0.7. Conversely, CRYPTOCAP:ADA could face a deeper correction if Bitcoin’s chart reflects a downturn. In such a scenario, Cardano might retest its existing support zone and possibly probe the psychological level of $0.5.
Long
by DEXWireNews
Cardano (ADA) DeFi TVL Jumps 180%, Will ADA Price Break $0.7?Cardano (ADA) is outperforming its peers in the Decentralized Finance (DeFi) ecosystem with a parabolic surge in Total Value Locked (TVL). Cardano TVL by the Numbers Per data to Data from DeFiLlama, Cardano’s TVL went through the roof, climbing from $188.65 million as of October 17 to the $529.42 million it is today. Effectively, this TVL jump accounts for a total growth rate of 180.636% within that period. This is no easy feat considering the enormous work required to attract the right liquidity into the Cardano network in the presence of DeFi heavyweights like Ethereum (ETH) and Solana (SOL). With the latest impressive uptick, Cardano’s overall ranking in the DeFi world has improved, rising to the 12th position at the time of writing. The major contributor to Cardano’s growth is Indigo, a decentralized non-custodial synthetic assets protocol built for the network. Indigo’s TVL comes in at $120.2 million and is closely followed by decentralized exchange Minswap and Liqwid, a decentralized lending protocol with TVLs of $103.77 million and $60.18 million respectively. Since it enabled smart contracts on its network, this is arguably the first time the impact of its massive developmental work on Cardano will be recognized. Among the protocols launched this year, Cardano DJED stablecoin from COTI also commands enormous liquidity with TVL pegged at $26.13 million at the time of writing. Cardano’s recognized DeFi strides come from consistent protocol upgrades by the blockchain’s parent company Input Output Global (IOG). Effectively, the locked ADA in all smart contracts represented on the network has grown from 272.27 million in January to 824.06 million at the moment. Is ADA’s Path Cleared? DeFi growth is a bullish sign in the market that might have a positive impact on price ultimately. At the time of writing, Cardano’s price is pegged at $0.617, down by 2.42% in the past 24 hours. The current bearish outlook, aggravated by the 54% drop in volume to $856,135,342 also underscores the inherent conservative sentiment in the market at the moment. Cardano typically has interesting on-chain metrics that suggest the current gloom may not last for long. Ultimately, a rebound might be plotted when this DeFi data is properly priced in and general market sentiment changes on Bitcoin ETF hype.
by DEXWireNews
1
ADAUSDT - WHALES Prefer a Lower Entry🐳Hi Traders, Investors and Speculators of the Charts 📈📉 A quick look at the Fractal that played out on Cardano during Jan - Feb 2021. A Big demand zone lies a little lower towards the support, and if we take a quick look at Phoenix Ascending (EMA, RSI, LSMA and Momentum) more downward price action seems the most likely for the near future. However, trying to catch the exact bottom is a dangerous game, and I am happy with this entry and perhaps a little lower towards the lower support zone as pointed out on the chart. If you like Fractals; you'll probably love this idea on BTC: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
32
CARDANO: Hydra update Bullish for ADAHi Traders, Investors and Speculators of Charts📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫 Cardano (ADA) has gained significant global recognition as a blockchain platform due to its emphasis on scalability, security, and interoperability. Frederik Gregaard, CEO of the Cardano Foundation, recently shared his vision for potential use cases, envisioning a future where Cardano plays a pivotal role in areas such as supply chain management, digital identity, and decentralized finance (DeFi). In recent developments, Cardano welcomed the launch of Empowa, a new platform built on its network, which aims to address the housing crisis in Africa. Empowa operates as a DeFi platform, providing affordable housing loans to low-income families within the country. The platform operates entirely on Cardano's infrastructure, demonstrating the platform's capability to support innovative solutions. Furthermore, Cardano has introduced Hydra, a scalability solution designed to enhance its mainnet's transaction throughput. Hydra serves as a layer 2 scaling mechanism that enables a significant increase in transactions per second while maintaining the security and decentralization aspects of the Cardano network. This becomes particularly significant as Ethereum experiences surging gas fees, prompting users to explore alternative options. Looking ahead, Cardano's founder, Charles Hoskinson, who is also a co-founder of Ethereum, consistently emphasizes the importance of true decentralization as a global imperative. Cardano continues to prioritize scalability, security, and interoperability, attracting developers and entrepreneurs interested in building decentralized applications with practical use cases. With the recent launch of Empowa and the upcoming implementation of Alonzo, Cardano showcases its potential to emerge as a significant player in the realms of DeFi and smart contracts. The introduction of Hydra further strengthens its position as a secure and scalable blockchain platform. The underlying technology of Cardano and its recent launch have the potential to disrupt traditional financial service providers and institutions in several ways: Decentralization and Trust: Cardano's blockchain technology operates on a decentralized network, meaning that it does not rely on a central authority or intermediary for transactions and record-keeping. This decentralized nature eliminates the need for traditional financial institutions as middlemen, reducing transaction costs and increasing trust in the system. By leveraging blockchain's transparent and immutable nature, Cardano offers a trustless environment where participants can interact directly without the need for intermediaries. Scalability and Efficiency: The scalability solutions implemented in Cardano, such as the Hydra protocol, enable the network to process a high volume of transactions per second. This scalability advantage allows Cardano to handle a large number of users and transactions simultaneously, providing efficiency and faster settlement times compared to traditional financial systems that may suffer from bottlenecks and delays. Lower Costs: Traditional financial institutions often impose high fees for various services, including remittances, loans, and cross-border transactions. Cardano's decentralized infrastructure and smart contract capabilities can significantly reduce costs associated with these services. For example, decentralized finance (DeFi) platforms built on Cardano can provide lending, borrowing, and other financial services at a fraction of the cost compared to traditional intermediaries. Inclusion and Accessibility: One of the key advantages of Cardano is its potential to provide financial services to underserved populations. By leveraging its interoperability features, Cardano can facilitate cross-border transactions and enable access to financial services for individuals who are unbanked or underbanked. This inclusivity can help bridge the gap between different economic strata, empowering individuals and communities that have been historically marginalized by traditional financial institutions. Innovation and Smart Contracts: Cardano's platform enables the development and execution of smart contracts, which are self-executing contracts with predefined conditions that automatically execute when the conditions are met. Smart contracts offer a programmable and auditable framework for various financial applications, including decentralized exchanges, lending platforms, and insurance services. The ability to create innovative financial products and services on Cardano opens up new opportunities for entrepreneurs and developers to disrupt the traditional financial landscape. While the adoption of Cardano and its technology in the mainstream financial industry is still in its early stages, the platform's focus on scalability, security, and interoperability positions it as a potential competitor to traditional financial service providers and institutions. As Cardano continues to evolve and attract more users and developers, its impact on traditional finance could become more significant in the future. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck KUCOIN:ADAUSDT COINBASE:ADAUSDT BINANCE:ADAUSDT CRYPTOCAP:ADA COINBASE:ADAUSD KRAKEN:ADAUSD BITFINEX:ADAUSD
Long
by CryptoCheck-
54
Exciting Cardano Rallies with New Resistance Targets! Cardano (ADA) is on fire, and we have some thrilling updates to share with you. Get ready to long ADA and ride the wave of Cardano's incredible rally! Cardano has been making some serious waves in the market, and we couldn't be more thrilled. The recent rallies have been nothing short of extraordinary, with ADA showing remarkable strength and resilience. We're excited to announce that our expert analysts have set new resistance targets for Cardano, ranging from 0.38 to 0.41. Yes, you read that right - Cardano is aiming high, and it's time for us to join the party! Why should you consider long positions on Cardano? Well, let's take a moment to appreciate the immense potential this cryptocurrency holds. Cardano has been making significant strides in the blockchain space, with its innovative technology and commitment to scalability and sustainability. The recent launch of the much-anticipated Alonzo hard fork brings smart contract capabilities to Cardano, opening doors to a world of exciting opportunities. With the introduction of smart contracts, Cardano is poised to become a leading platform for decentralized applications (DApps) and DeFi projects. The market sentiment is overwhelmingly positive, with investors and developers alike flocking to Cardano's ecosystem. This surge in interest is fueling the ongoing rally, and we firmly believe that the momentum will only continue to grow. So, what's the call-to-action here? It's time to seize the moment and take advantage of Cardano's upward trajectory. Don't miss out on this thrilling opportunity to long ADA and potentially reap substantial profits. Our team of experts has carefully analyzed the market dynamics and set the resistance targets at 0.39 to 0.41. Now is the time to act, and we encourage you to consider opening long positions on Cardano. Remember, trading always carries risks, and it's essential to conduct your own research and make informed decisions. However, with Cardano's recent developments and the market sentiment in its favor, the potential rewards are simply too enticing to ignore. If you're ready to embark on this exciting journey with Cardano, we're here to support you every step of the way. Our team of experienced traders and analysts is available to provide you with valuable insights, market updates, and trading strategies to help you navigate the Cardano rally successfully. Don't let this opportunity pass you by! Long Cardano (ADA) now and join the ranks of traders who are capitalizing on this thrilling rally. Together, let's ride the wave of Cardano's success!
BINANCE:ADAUSDLong
by bryandowningqln