Cardano

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

Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn’t positive as it lost most of the gains in the week.
Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways.
The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks.
Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing.
The support zone for Cardano price rests between $0.44 and $0.40, respectively. Cardano has been one of the altcoins that have moved against the tide.
Bitcoin, however, showed signs of appreciation over the last 24 hours. ADA bulls can quickly fade out if the coin’s buying strength doesn’t move into the positive zone.
Cardano Price Analysis: One Day Chart
Cardano was priced at $0.46 on the one-day chart | Source: ADAUSD on TradingView
ADA was trading at $0.46 at the time of writing. Over the last 24 hours, the coin broke past one of its resistance levels.
The immediate resistance mark for Cardano was $0.49. If the bulls manage to topple over the $0.49 price level, then the bulls can stay put for a longer time.
If buyers don’t come forward, Cardano price will fall to $0.43 and then below the $0.40 mark.
The amount of the altcoin traded in the past session declined, despite a rise in buying strength. This signified the dominance of the sellers in the market.
Technical Analysis
Cardano registered an uptick in buying pressure on the one-day chart | Source: ADAUSD on TradingView
The altcoin displayed signs of recovery on the one-day chart. Technical indicators pointed toward the bulls taking over.
At the time of writing, the Relative Strength Index was below the half-line, indicating that buying pressure remained greater than selling pressure.
Cardano price was below the 20-SMA line, and that signified less demand as sellers were driving the price momentum in the market.
With a push from the buyers, ADA could travel above the 20-SMA and 50-SMA lines, invalidating the bearish thesis.

Cardano depicted sell signal on the one-day chart | Source: ADAUSD on TradingView
ADA’s bulls have still not gained momentum on the one-day chart. As long as buyers don’t overpower sellers’ strength, the bulls will not be able to push the price of the altcoin above the $0.49 mark.
The Moving Average Convergence Divergence indicates the price momentum and price action of the altcoin. The MACD underwent a bearish crossover and formed red histograms, which were sell signal for the coin.
The Directional Movement Index measures the overall price direction. DMI was negative as the -DI line was above the +DI line.
The Average Directional Index was moving up towards the 20 mark, which is a sign of the current price action gaining momentum.


Featured image from UnSplash, Chart: TradingView.com



Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn&#8217;t positive as it lost most of the gains in the week. Continued buyer recovery could push ADA past its next resist...

newsbtc.com

Cardano Price Surges, Will The Bulls Hold The Recovery?

The creator of Ethereum (ETH) challenger Cardano (ADA) says that he’s identified the catalyst that would end the crypto winter and spark a massive industry-wide rally.
In a new interview with Cheeky Crypto, Charles Hoskinson, creator of the smart contract platform, says that if the US government were to pass the Financial Innovation Act, the crypto markets would begin a mega bull run.

Hoskinson says that the passing of this act would prompt blue-chip investors to flood the crypto markets with capital as well as reduce the regulatory risks associated with investing in digital assets.
“I’ve been through seven bull-bear markets since I joined the cryptocurrency space, and this [current market] is no different. It could last 18 months, it could last two years, it could end at the end of the year, who knows? It’s any given Sunday. 
[But] if America passes the Financial Innovation Act, we’d probably see a mega bull market because a huge amount of institutional money would enter and also all of the regulatory risk [with] crypto would disappear.” 
The Financial Innovation Act, which was proposed by Republican Senator Cynthia Lummis of Wyoming and Democrat Senator Kirsten Gillibrand of New York in June, aims to create a comprehensive regulatory framework for the digital assets industry.
However, Hoskinson notes that it’s possible for the markets to go the other way if certain regulators, such as U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, are further empowered.
“[If] people like Gensler are empowered, we could see a mega bear market happen as a massive amount of litigation occurs and all these poor entrepreneurs just basically get put out of business by the heavy-handed government.” 

I
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox 

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix



Check Latest News Headlines


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/TigerArt
The post Cardano Creator Charles Hoskinson Names Catalyst That He Believes Could End Crypto Downturn and Trigger ‘Mega Bull Market’ appeared first on The Daily Hodl.


The creator of Ethereum (ETH) challenger Cardano (ADA) says that he’s identified the catalyst that would end the crypto winter and spark a massive industry-wide rally. In a new interview with Cheeky Crypto, Charles Hoskinson, creator of the smart contract platform, says that if the US government ...

dailyhodl.com

Cardano Creator Charles Hoskinson Names Catalyst That He Believes Could End Crypto Downturn and Trigger ‘Mega Bull Market’

Charles Hoskinson says many projects are preparing to launch on the Cardano (ADA) blockchain after its Vasil hard fork upgrade.
Hoskinson, the Cardano co-creator, says in a tweet that there are hundreds of projects announcing they will advance using ADA’s new capabilities become available to developers next week.

“I’ve seen hundreds of tweets like this one. Lots of projects are excited to deploy now.”
He refers to the project from the decentralized streaming music company NEWM, which is developing a platform to allow artists to share music among consumers and earn royalties through NFTs.
NEWM says the Vasil upgrade will make its operations more efficient.
“What does this mean for our community? We’ve been waiting for Vasil to deploy our smart contracts. This upgrade makes them more efficient and cost-effective on Cardano. The future of music is happening now! More on this soon.”
In another tweet, Hoskinson praises the achievement of the upgrade while criticizing a news headline for saying the upgrade came after a three-month delay.
“It’s amazing to me to see the passive aggressiveness in some of the headlines. We’ve just completed a major milestone that took coordination and testing from people and companies across the world, but the news item is ‘three-month delay’? Journalists always tell you who they are.”
The Input Output Hong Kong (IOHK) CEO previously said the upgrade makes the goals of ADA seem achievable.
“We built Cardano to be the financial operating system of the world. We built it to bank the unbanked. We built it as a community to give economic identity to those who don’t have it so we can have one global fair marketplace.”
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox 

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix



Check Latest News Headlines


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Terablete
The post Cardano Creator Charles Hoskinson Says Hundreds of Crypto Projects Gearing Up for Launch After Blockchain Upgrade appeared first on The Daily Hodl.


Charles Hoskinson says many projects are preparing to launch on the Cardano (ADA) blockchain after its Vasil hard fork upgrade. Hoskinson, the Cardano co-creator, says in a tweet that there are hundreds of projects announcing they will advance using ADA&#8217;s new capabilities become available t...

Cardano Creator Charles Hoskinson Says Hundreds of Crypto Projects Gearing Up for Launch After Blockchain Upgrade

The Cardano Vasil hard fork had been expected for months, and finally, it is a reality. The hard fork had proceeded according to schedule, and by Thursday, September 22nd, the hard fork was live on the network. It was received amid much fanfare from the community, but the network’s native token, ADA, had not reacted as well.
Cardano Vasil Hard Fork Completed
The Cardano Vasil hard fork was targeted toward making the network more efficient than it is already. In turn, this would make it a better platform for developers to build upon. It is the most important upgrade that has been carried out on the blockchain, and its completion is a call for celebration for the community.

With the upgrade, the already inexpensive transaction fees of the Cardano blockchain will become even cheaper. It adds more space, which increases the size of each block, making it able to save higher amounts of data. 

ADA trending at $0.45 | Source: ADAUSD on TradingView.com
Transactions will be even faster with the upgrade. The increased block size also plays into this, as the increased data storage space means an increase in speed. So not only will users get faster transactions, but they would also be paying below $0.16 per transaction on the network. 
ADA Price Doesn’t React Well
The completion of the Cardano Vasil hard fork has not had a positive impact on the price of its native digital currency, ADA. There had been an uptick in the price of the digital asset, but it had been unable to exceed a 6% growth in a 24-hour period.
ADA’s price had jumped upon the completion of the hard fork, rising close to $0.5, but it was unable to hold this point. It subsequently dropped back to the $0.45 level it had been trending at before the upgrade was completed, normalizing around this price point.

This came as no surprise, though, given the price movements of the cryptocurrency over the last couple of months. A report from Messari in the month of August showed that the event was already priced into the price of ADA, meaning there was no significant change in price expected for the digital asset.
Vasil, which was named after mathematician Vasil St. Dabov who was an active member of the Cardano community, had been postponed twice in the past. By the time a finalized date was announced, the hype had already died down, and ADA had taken its price in tandem with the current bear market.
Featured image from Analytics Insight, charts from TradingView.com
Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…


The Cardano Vasil hard fork had been expected for months, and finally, it is a reality. The hard fork had proceeded according to schedule, and by Thursday, September 22nd, the hard fork was live on the network. It was received amid much fanfare from the community, but the network’s native token, ...

Cardano (ADA) Price Reacts Poorly To Vasil Hard Fork

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

Ethereum (ETH)
Despite the bullish fundamentals of Ethereum’s merge, the price of the second largest cryptocurrency has continued its downtrend and registered a 10% loss in the past seven days. At the time of this post, ETH managed to find some support at $1,250, but this level remains fragile.
The resistance is not far away at $1,400, and bears will likely come in strong if the price manages to rally to that level. Unfortunately for the bulls, the buy volume is just not there to push the price higher. With the weekend around the corner, the volume will likely drop further, and it’s likely that we will have to wait for Monday for any significant volatility.
Looking ahead, ETH seems more likely to remain in a downtrend. Only a clean break above $1,400 could reverse this negative bias. The indicators on the daily timeframe also give a bearish signal, and this is unlikely to change any time soon.
Chart by TradingView
Ripple (XRP)
Ripple has been one of the strongest performers in a market that has otherwise seen only red in the past week. With an increase of 54% in the last seven days, XRP is back in the spotlight, fueling rumors of what could have caused this surge.
This most recent rally came to a halt when the price hit the resistance at $0.55. XRP is currently taking a break after such a significant move and is consolidating under this key resistance. The support is found at $0.44 and may not be tested if buyers remain interested.
This move from XRP has surprised the market, considering both BTC and ETH have made lower lows this past week. The biggest question is if buyers will manage to sustain this rally and protect these most recent gains. XRP is known for its sharp increases in price, only to be followed by a gradual correction back to previous price levels.
Chart by TradingView
Cardano (ADA)
With the Vasil upgrade going live, Cardano had a good attempt at rallying, but the volume was simply not there to make it count. For this reason, ADA’s price registered a 2% loss in the past seven days. The support is at $0.43, and this key level has managed to stop the downtrend in the past.
To turn ADA’s price around and move into an uptrend, buyers will have to break the $0.50 level. Otherwise, the cryptocurrency will continue to move sideways between these key levels as before. The indicators are also rather flat, indicating a consolidation period.
Looking ahead, ADA appears to be taking its time before making any significant move. The bias is neutral. The best thing that can happen to Cardano at this time is a break of the key resistance at $0.50.
Chart by TradingView
Solana (SOL)
The most recent rejection at the $38 resistance has pushed Solana’s price into a downtrend which lost 3% of its valuation in the past seven days. Now, SOL is found at critical support with the price hovering just above $30.
Buyers will have to do all that they can to protect the keysupport, because otherwise, Solana will enter a very dangerous area that could lead the price towards a significant drop. In August and September, buyers were successful to defend the $30 support, but the current market does not favor them.
The indicators do not give any clear hits on where Solana could go next and are rather neutral. This shows market participants are hesitating. Usually, this type of price action precedes a major move one way or the other. Therefore, best to be prepared for that.
Chart by TradingView
Binance Coin (BNB)
Binance Coin has lost the uptrend established in March 2020. This may spell trouble in the future as its price could enter a significant correction. For now, the cryptocurrency is consolidating in a descending triangle, represented in blue on the chart. For this reason, BNB only increased by 1% compared to seven days acritical
The key support is found at $261, and the resistance at $300. This descending triangle will likely be resolved by mid,-October at which point we will know where Binance Coin is headed next. Should the price fall below the triangle, then bears will likely dominate the price action and aim for $200.
Despite this bearish outlook, the fundamentals for BNB remain strong, and any significant decrease in price could be followed by a speedy recovery. This is contingent on the overall crypto market recovering since that will bring back demand for BNB on the largest crypto, exchange which is behind this coin.
Chart by TradingView
The post Crypto Price Analysis September-23: Ethereum, Ripple, Cardano, Solana, and Binance Coin appeared first on CryptoPotato.

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Despite the bullish fundamentals of Ethereum&#8217;s merge, the price of the second largest cryptocurrency has continued its downtrend and registered a 10% loss in the past seven days. At the t...

Cardano price	$0.448168
Low - High 24H	$0.442981 - $0.462483
Market cap	$15.15B
Volume 24H	$465.81M
All time high	$3.09 -85.49% September 2nd 2021
All time low	$0.019253 2225.90% March 13th 2020
Genesis date	N/A

Recently viewed

Trending

Cardano (ADA)

Performance

Cardano News

Quick stats