Cardano

Get Cardano (ADA) all time high price, historical charts, latest news and other information.

This week, we take a closer look at Ethereum, Ripple, Cardano, Aptos, and Binance Coin.


Ethereum (ETH)
Ethereum’s rally cooled off this week after its price failed to stay above $1,600, booking only a 2% increase. The current trend is leaning bearish on lower timeframes, and a test of the key support at $1,550 appears imminent.
Considering the above, it is hard to expect buyers to hold onto the price in the near term as a pullback and correction seem more likely. At best, buyers can aim to defend the key support levels at $1,550 and $1,400.
Looking ahead, ETH may enter a low volatility period after such a steep rally. This could turn out to be bullish as long as buyers don’t allow the price to fall too low, allowing them to set up a good foundation for the next push higher.
Chart by TradingView
Ripple (XRP)
XRP is found in a similar situation to Ethereum. Its price booked a 4% increase in the past week, but the momentum from the bulls appears to be fading. It appears that market participants are more interested in testing the key support at 40 cents as opposed to challenging the resistance at 44 cents.
If buyers fail to hold at $0.40 cents, then this cryptocurrency could quickly fall lower toward the next level of support at $0.36. That would also turn the market sentiment bearish for XRP.
Looking ahead, the volatility will likely increase when the levels of support are reached. This means that it’s important to remain very cautious.
Chart by TradingView
Cardano (ADA)
Cardano made a higher high this past week, but in the process, the RSI and MACD made a lower low. This is called a bearish divergence which warns potential buyers that the bullish momentum may shift.
Nevertheless, ADA still managed to book an 11% price increase in the past week, placing it ahead of XRP and ETH. With good support at $0.36 cents, ADA could consolidate above this level and attempt to challenge the key resistance at 40 cents.
Looking ahead, Cardano has a difficult. Any failure at the $0.40 cents will likely be exploited by sellers which have so far been waiting patiently to make their move.
Chart by TradingView
Aptos (APT)
Aptos is the clear winner on our list this week after booking a 127% price increase. This extraordinary performance comes on the back of an unbelievable rally that started in early January. Since then, APT’s price has increased by more than 400%.
This cryptocurrency can continue its rally in the near term, and a possible reversal point can be found based on the Fibonacci extensions at $22.
Looking ahead, Aptos has support at $16 and $11, should bears decide to take over the price action in the future. For now, buyers are in a very privileged position, and until a clear resistance is confirmed, the trend remains bullish.
Chart by TradingView
Binance Coin (BNB)
Binance Coin only managed a 3.6% price increase in the past week. Buyers also had the difficult task of defending the key support at $300. Bears tried to break this key support several times but have been unsuccessful so far.
The key resistance at $330 has not been tested, and buyers do not have the strength, at this time, to push the price beyond the key support. This could be interpreted as a sign of weakness. Nevertheless, so long the key level at $300 holds, the bulls still have the upper hand.
Looking ahead, BNB appears to be consolidating along its key support level, and this may continue for some time as the market has found an equilibrium at this level.
Chart by TradingView
The post Crypto Price Analysis Jan-27: ETH, XRP, ADA, APT, and BNB appeared first on CryptoPotato.

This week, we take a closer look at Ethereum, Ripple, Cardano, Aptos, and Binance Coin. Ethereum (ETH) Ethereum&#8217;s rally cooled off this week after its price failed to stay above $1,600, booking only a 2% increase. The current trend is leaning bearish on lower timeframes, and a test of the k...

cryptopotato.com

Crypto Price Analysis Jan-27: ETH, XRP, ADA, APT, and BNB

Dogecoin (DOGE) and other altcoins are stealing some of Bitcoin’s shine as the benchmark crypto stalls at its current levels. However, the recent rally could spell trouble for optimistic traders and investors waiting for a continuation of the trend. 

As of this writing, Dogecoin (DOGE) trades at $0.08 with sideways movement in the last 24 hours. Over the previous seven days, the meme coin still records an 8% profit. In the crypto top 10, DOGE stands amongst the best performers, surpassed only by Cardano (ADA) and Polygon (MATIC).

Dogecoin’s Rally Stirs The Crowds, Is A Retrace Imminent? 
Data from Coingecko indicates positive development for meme coins. The sector records around $20 billion in total market cap, a 2% increase in 24 hours, and $1 billion in trading volume over the same period.
In addition to Dogecoin, Shiba Inu (SHIB), Baby Dogecoin, and Bonk have captured the attention of crypto investors. The second of these assets experience a 23% rally in the past week alone, hinting at the increase in risk appetite from digital asset enthusiasts.
The Bitcoin rally deep into the $20,000 territory has flipped the crypto market’s sentiment. As a result, Dogecoin and other meme coins are resurging and outperforming more significant digital assets.
Additional data from analytics firm Santiment registered increased levels of positive interaction across social media platforms. This suggests that users are more willing to take long positions, swelling the liquidity to the downside.
In other words, people are experiencing fear of missing out (FOMO), as recorded by Santiment, increasing the chances of a pullback. Market makers could squeeze long positions before resuming the bullish momentum.
As seen in the chart below, the altcoin sector has recently seen important growth. Tokens such as APTOS and LCX saw around 40% of weekly profits.


Santiment wrote:
Altcoins are on another impressive run, with several notable assets up 20% or more. After a 5-day crypto dip, prices are seeing little resistance. Social spikes & FOMO may cause a top, or traders will scoff at this run (allowing rallies to continue).


Dogecoin (DOGE) and other altcoins are stealing some of Bitcoin’s shine as the benchmark crypto stalls at its current levels. However, the recent rally could spell trouble for optimistic traders and investors waiting for a continuation of the trend. Related Reading: Cardano Adds 50,000 New Wallet...

newsbtc.com

Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback

The developers of Cardano’s (ADA) new stablecoin have revealed when the dollar-pegged crypto asset is slated to launch.
In a new blog post, payments firm COTI says that Djed, Cardano’s new stablecoin, is scheduled to launch sometime next week.

According to the developers, the only thing standing in the way of Djed’s launch is the chain index syncing process, which they say is about halfway done.
“We started the chain index syncing process. This process may take 14 days, and as we started the sync a week ago, we expect to complete it next week and be ready to launch. As of right now, this is the only technical bottleneck holding up the launch.” 
However, no specific date for the launch was given.
Last month, COTI announced that Djed had transitioned to a multi-chain network that now supports private payment networks. It was also announced that Djed’s deposit fees will decrease by 50% as it switches from a fixed withdrawal price to a dynamic system.
COTI said the changes would assist with the widespread adoption of accepting crypto assets as payments for goods and services.
“This launch signifies a massive step for the crypto industry, as well as COTI, as the [upgrade] will increase the growth of the widespread adoption of crypto payments for enterprises that are yet to adopt crypto payment solutions.” 
Djed’s approximate launch date was revealed as Cardano developers Input Output Hong Kong (IOHK) acknowledge a slew of new projects on its blockchain, such as NFT (non-fungible token) marketplaces, metaverse realms, crypto wallets, and decentralized exchange (DEX) platforms.
Cardano is changing hands for $0.358 at time of writing, a 5.35% decrease over the last 24 hours.
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Featured Image: Shutterstock/gg_tsukahara/Mingirov Yuriy
The post New Cardano (ADA) Stablecoin Launch Revealed – Here’s When Djed Comes Out appeared first on The Daily Hodl.


The developers of Cardano’s (ADA) new stablecoin have revealed when the dollar-pegged crypto asset is slated to launch. In a new blog post, payments firm COTI says that Djed, Cardano&#8217;s new stablecoin, is scheduled to launch sometime next week. According to the developers, the only thing sta...

dailyhodl.com

New Cardano (ADA) Stablecoin Launch Revealed – Here’s When Djed Comes Out

The crypto market’s rally is losing strength, forcing significant cryptocurrencies, such as Bitcoin, Ethereum, and Cardano, back to their support regions. The latter has been deploying products and development that hint at a longer bullish trend. 

As of this writing, Cardano (ADA) trades at $0.35 with a 5% loss in the last 24 hours. Over the past week, ADA’s price still recorded some profits as the bulls made their stand against a spike in selling pressure.

Cardano In The Olympus Of Development Activity
Data from research firm Santiment indicates that the Cardano ecosystem is vibrating with development activity. Currently, this blockchain ranks number 3 in the metric, according to the number of commits on the software development platform GitHub.
As seen in the chart below, Cardano’s development activity over the past 30 days records over 330 GitHub commits for the different projects on this blockchain. Only Polkadot and its experimental environment Kusama have seen more development activity, with 441 commits.

As the chart above shows, the price of Cardano (ADA) has been moving in tandem with its developments and the general market sentiment. As more developers onboard the blockchain, the ecosystem is more appealing to investors. ADA records a 38% rally over the past 30 days.
In the coming weeks, this blockchain will deploy a new upgrade for its smart contract programming language, Plutus. This update will enable support for the Elliptic Curve Digital Signature Algorithm (ECDSA) and Schnorr.
These new components will allow developers to provide more security and build cross-chain capabilities. Plutus was designed to operate as an easy-to-use and accessible programming language. Thus, people might feel even more incentive to build on this blockchain.

It remains to be seen if ADA’s price will extend its recent trend and follow its spike in development activity. According to Input Output Global, Cardano’s lead developer company:
This upgrade will bring greater interoperability and secure cross-chain #DApp development to #Cardano, making it easier for developers to work with other blockchains. Developers would otherwise need to spend extra time, effort, and funds to implement ECDSA and Schnorr over the SECP elliptic curves in #Plutus, increasing potential security risks and using an unrealistic amount of resources.


The crypto market’s rally is losing strength, forcing significant cryptocurrencies, such as Bitcoin, Ethereum, and Cardano, back to their support regions. The latter has been deploying products and development that hint at a longer bullish trend. Related Reading: Bitcoin Short-Term Holder Profit-...

Cardano’s Aggressive Development Activity Will Withstand Bear Assault At $0.3?

The stablecoin Djed is expected to drive new growth and new use cases in the burgeoning decentralized finance (DeFi) space of the Cardano ecosystem. In recent weeks, the Djed developer, COTI Network, has stated that the stablecoin will definitely be released in January.
In the Cardano community, however, there has been some speculation recently as to how far the preparations for the launch of the stablecoin, which was announced back in November, have progressed. To dispel the speculation, COTI has now published a new blog post confirming the launch within the next week. However, an exact date is still pending.
“We are pleased to share another update about Djed’s progress and to inform you that the launch is scheduled for next week,” the announcement reads.
In addition, COTI announced that cryptocurrency exchange Bitrue will list Djed and SHEN. Djed’s DEX partner Wingriders also hinted on Twitter that an announcement will be made soon.
As for Djed’s technological developments, the COTI team says it has begun the process of syncing the chain index.

“This process may take 14 days, and as we started the sync a week ago, we expect to complete it next week and be ready to launch. As of right now, this is the only technical bottleneck holding up the launch,” COTI says.
In addition, the company is still working on a snapshot mechanism and user interface that will allow tracking of the additional rewards for SHEN holders who deposit and stack ADA into the Djed smart contract.
Will Djed Awaken The Cardano DeFi Ecosystem?
The launch of Djed is accompanied by high expectations because a stablecoin has been missing in the Cardano ecosystem so far. Stablecoins are of tremendous importance to implement strategies at low fees, especially in the field of DeFi.
Djed also enters a crypto market where stablecoins have become increasingly important in recent years. Within the top 10 cryptocurrencies by market cap, there are no less than three stablecoins, Tether (USDT), USD Coin (USDC), and Binance USD (BUSD), which are pegged 1:1 to the US dollar and backed by various forms of fiat money reserves.
The Cardano-based stablecoin, on the other hand, is designed to ensure its price stability through reserves in ADA. Initially, the team had referred to it as an algorithmic stablecoin but had dropped that wording – presumably given the terrible memories of Terra Luna and its algorithmic stablecoin UST, which was backed by BTC.

COTI calls Djed an overcollateralized stablecoin, whose coverage in ADA is at least four times that of Djed issued. Hereby, the Cardano stablecoin shows certain similarities to the ecosystem of Tron (TRX), where the overcollateralized stablecoin USDD is based.
However, USDD has also been struggling to defend its peg to USD lately. Nevertheless, USDD enjoys great popularity. The stablecoin of the Tron ecosystem has a market capitalization of $716 million. Possibly because of this, Tron’s DeFi ecosystem is much larger ($5.1 billion TVL) than Cardano’s ($73 million TVL), according to DeFiLlama data.
Can ADA Reach $1 Following Djed’s Release?
If Djed’s concept works out, the stablecoin can massively boost Cardano’s DeFi ecosystem. However, Djed must first pass the field test. Besides the massive potential, there is also the risk of failure similar to Terra’s UST. This could severely damage the Cardano ecosystem and the ADA price.
But if Djed succeeds, it could give a big boost to ADA. A look at the 1-day chart of Cardano shows that the price has broken out of an eight-month downtrend and has successfully handled a retest in mid-January.
The next major price target is the resistance zone around $0.41, which has served as support for a long time. Should this resistance fall, $0.75 would be the next target before $1 could be on the cards.




The stablecoin Djed is expected to drive new growth and new use cases in the burgeoning decentralized finance (DeFi) space of the Cardano ecosystem. In recent weeks, the Djed developer, COTI Network, has stated that the stablecoin will definitely be released in January. In the Cardano community, ...

Cardano price	$0.395665
Low - High 24H	$0.382151 - $0.39896
Market cap	$13.88B
Volume 24H	$340.65M
All time high	$3.09 -87.13% September 2nd 2021
All time low	$0.019253 1962.74% March 13th 2020
Genesis date	N/A

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