Cardano (ADA) Could Moonshot After Coinbase Listing

2018-10-10 18:30

Chart for ADA/USD (1W)

Cardano (ADA) is the cryptocurrency with the highest probability of being listed next on Coinbase. Cardano (ADA), which is supported by IOHK, is the firm run by Charles Hoskinson, the founder of Cardano (ADA). They are known for their low key style. They focus more on development and less on marketing. Recently, IOHK along with ETC Dev succeeded in getting Ethereum Classic (ETC) on Coinbase. That listing did surprise a lot of people when Ripple (XRP) was bypassed. However, the fact of the matter is that Coinbase has grown too big to toy around. They are only listing projects that have long term potential. Cardano (ADA) is one of those projects.

The above chart for ADA/USD on the weekly time frame shows Cardano (ADA) in a strong downtrend. The price has failed to breach the downtrend yet. The current weekly candle lies right next to the downtrend line but it has failed to break above it thus far. However, the lower the ADA/USD falls, the easier it gets for Cardano (ADA) to break the downtrend resistance. If Cardano (ADA) breaks this downtrend, there is little doubt that it will break past $1 in a matter of weeks. Cardano (ADA) is one of those projects that are increasingly seeing institutional interest. The price had an extensive correction and is now ready for a trend reversal. RSI on the above chart seems to have bottomed out. Weiss wave volume profile on the above chart shows that the bearish momentum is lost.

Chart for ADA/BTC (1W)

Cardano (ADA) is considered an overvalued and overhyped project according to its critics. This is mainly because there are not a lot of tangible features to see. Most investors like to think of platform coins in terms of the number of Dapps that have been built on them or its market cap. So far, the interest in Cardano (ADA) from retail investors seems mainly due to its market cap. They believe it’s a top ten coin with a lot of room for growth. However, not many of them endeavor to actually understand the tech behind this wonderful project. After Eos (EOS), Cardano (ADA) seems to be the top ten coins with the most satisfied investors.

Cardano (ADA) is one of the few top ten coins that have already broken its downtrend against Bitcoin (BTC). The current weekly candle on the ADA/BTC weekly chart above has already opened above the downtrend resistance and is expected to close above it. The volume for ADA/BTC has been on a steady decline but buyers are rushing in as the market recovers. We have seen a growing number of institutional investors and family offices show a strong interest in top ten coins. This is not just due to their stability, low risk or high liquidity. In fact, we have seen top ten coins like Tron (TRX) being completely ignored by institutional investors despite having the above qualities. Cardano (ADA) on the other hand has seen interest mainly because of its tech and long term potential.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); });

The post Cardano (ADA) Could Moonshot After Coinbase Listing appeared first on Crypto Daily™.

origin »

Cardano (ADA) на Currencies.ru

$ 0.431 (-0.42%)
Объем 24H $718.02m
Изменеия 24h: 3.47 %, 7d: 13.32 %
Cегодня L: $0.4144 - H: $0.4364
Капитализация $15.473b Rank 10
Цена в час новости $ 0.0843167 (411.17%)

ada cardano above downtrend chart coinbase coins

Источник: cryptodaily.co.uk

ada cardano → Результатов: 126


Cardano drops 7–12% weekly while this $0.035 coin touted as better ADA alt

Cardano (ADA) holders have had a difficult week, with the token slipping between 7% and 12% in value. Many investors are now looking for projects that combine both innovation and resilience. While older projects like ADA face heavy corrections, Mutuum Finance (MUTM) is entering the spotlight as a fresh alternative that is gaining traction during […]

2025-8-20 11:22


ADA price jumps as Cardano founder Charles Hoskinson responds to scam allegations

Cardano (ADA) has jumped 39% in July amid bullish technical patterns. Cardano founder Charles Hoskinson has denied scam claims. A break above $0. 80 could push ADA toward $1 and beyond. Cardano (ADA) has surged in value following a mix of bullish technical patterns and a heated public exchange involving its outspoken founder, Charles Hoskinson.

2025-7-17 18:21


Фото:

BlockDAG at $0.0018 Becomes the Top Pick of 2025 While LTC and ADA Drift

For long-time traders, Litecoin (LTC) and Cardano (ADA) represent the staying power of crypto’s older guard. However, as 2025 unfolds, both assets seem caught in their respective stalls. Litecoin is attempting to hold ground near key support levels while eyeing a technical breakout toward $136, yet upside momentum remains uncertain. On the other hand, Cardano […]

2025-6-2 20:44


Will These Bullish Indicators Skyrocket Cardano in 2025? ADA Price Prediction

Big news for Cardano fans – ADA just got listed on Coinbase. This means more people and big companies can now buy it. Could this make ADA price shoot up, or are there risks we should know about? Kris Does Crypto, who has over 11,000 YouTube subscribers, thinks several things point to ADA growing a […] The post Will These Bullish Indicators Skyrocket Cardano in 2025? ADA Price Prediction appeared first on CaptainAltcoin.

2025-4-3 13:30


Cardano Sees Record-High Positive Sentiment After SEC Announcement – 5 Reasons ADA Is a Good Buy

Cardano (ADA) has experienced a significant surge in positive sentiment across social media platforms following recent regulatory developments. According to Santiment, the cryptocurrency’s community has driven bullishness to its highest level in over four months, largely influenced by the SEC’s recognition of ADA’s use case for “smart contracts for government services.

2025-3-19 12:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

ADA, ELA, LINK & More Coins To Watch This Month

With the market’s value jumping all over the place and there being plenty of opportunity for investors, let’s look at some of the coins to look at this month. ADA The co-founder of Etherum, Charles Hoskinson set up this blockchain project a few years ago under the name Cardano.

Why The Crypto Road Ahead Is Paved With Compliance

Greg Pinn has a decade of experience leading global best practices in anti-money laundering (AML) and know-your-customer (KYC) industry. Greg currently serves as head of product strategy for iComply and previously ran strategy for World-Check, the world leader in risk-based intelligence data.

Is This The End For Bitcoin Cash?

A big question from today is if Craig Wright is about to bring about the downfall of Bitcoin Cash? Just to prevent you from worrying, Bitcoin Cash isn’t going to physically (or virtually?) die.

Rakuten Continue To Force Themselves Into The Cryptosphere

Japanese e-commerce company Rakuten have made headlines before with regards to their moves towards the cryptosphere, this latest announcement could indicate their biggest move yet. Cryptocurrency seems to be something they are intent on exploring and it’s something that many people are getting a little excited about.

The Top Three Cryptos To Invest In For Recession Damage Control

Global recession, are we in or are we out? Is it a double dip? Triple threat? Whilst the world of economics is a complicated one, the world of cryptocurrency does of course offer us some protection from potential market crashes and global recessions.