Cardano’s ADA Hits 3-Year High as Bets on Ethereum Rivals Boom

2021-2-10 15:37

Cardano’s native asset ADA was among the best performers on Wednesday as bulls pushed its price up by more than 18 percent.

The fourth-largest cryptocurrency hit $0.87, its highest levels in more than three years, as traders increased their bids for top Ethereum rival assets. They include Polkadot’s DOT (+5%), Avalanche’s AVAX (+60%), Chainlink’s LINK (+12%), and Near Protocol’s NEAR (+9%).

Cardano hits a 3-year high. Source: ADAUSD on TradingView.com Cardano hits a 3-year high. Source: ADAUSD on TradingView.com

Traders flocked into smart-contract platforms amid a growing hype surrounding their operability in the decentralized finance sector. This year’s start experienced a bullish boom across the DeFi protocols, with the total value locked inside their Ethereum-based smart contracts crossing $39bn on February 10.

That strained the Ethereum blockchain as it hosts a majority of DeFi projects. As a result, its transaction confirmations got delayed, and network fees surged. It prompted speculators to see a potential client outflow into Ethereum’s top rivaling projects.

Hence, protocols like Cardano recorded enormous gains in their token valuations. ADA surged by more than 380 percent on a year-to-date timeframe owing to DeFi tailwinds.

What’s Next for Cardano?

Traders expect Cardano to repeat its rival Ethereum’s bull run that saw it claiming an all-time high this week.

“ADA continues its move up, with only two primary resistance levels remaining before fresh all-time highs. The first central area of resistance is the black area ahead. ADA is now inside the $0.72 – $0.94 range. And over time, ADA will keep rising towards the black.”

Cardano trade setup, as shared by Rekt Capital. Source: ADAUSD on TradingView.com Cardano trade setup, as shared by Rekt Capital. Source: ADAUSD on TradingView.com

A part of ADA’s upside boom also comes from a declining Bitcoin Dominance. As the top cryptocurrency corrects lower or sideways after establishing its record high, it expects to transfer a portion of its capital to rivaling assets like Ethereum, Cardano, and others. Traders call it “altcoin reason.”

Cardano is attempting a breakout against Bitcoin. Source: ADABTC on TradingView.com Cardano is attempting a breakout against Bitcoin. Source: ADABTC on TradingView.com

For instance, the chart above shows ADA/BTC attempting a breakout move above a long-term resistance level from mid-2019, eyeing extended upside rallies towards 2,352 sats. Such a move expect to send ADA/USD to its all-time high.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2441.7 (-0.07%)
Объем 24H $17.773b
Изменеия 24h: -0.67 %, 7d: -7.40 %
Cегодня L: $2366.56 - H: $2444.08
Капитализация $294.022b Rank 2
Цена в час новости $ 1727.05 (41.38%)

ethereum cardano ada highest levels hit fourth-largest

Источник: newsbtc.com

ethereum cardano → Результатов: 126


Названы любимые блокчейны у программистов: Ethereum, Cardano и Kusama в лидерах

Блокчейн-сети Ethereum и Cardano показали самую высокую активность среди разработчиков по итогам 2022 года, выяснили в DappRadar Блокчейн-разработчики по итогам 2022 года больше всего интересовались созданием проектов в сети Ethereum.

2023-1-24 16:04


Cardano Founder Calls Out Ethereum Community, Developers

The Cardano network has always been a fierce competitor for the Ethereum network. Naturally, this has translated into a prolonged rivalry between the communities of the two blockchains. This time around, though, Cardano founder Charles Hoskinson has also joined in on the banter between the two communities, coming directly from the Ethereum community and the […]

2022-9-28 02:00


Конгрессмен США инвестировал в Ethereum и Cardano на фоне бычьего тренда

За последние месяцы член Палаты представителей США от штата Алабама Барри Мур приобрел активы в Dogecoin (DOGE), Ethereum (ETH) и Cardano (ADA), следует из его отчета о раскрытии торговых операций.

2021-7-7 12:07


Чем Cardano отличается от Ethereum

Ethereum и Cardano — две наиболее известные блокчейн-платформы для децентрализованных приложений (DApp). Оба проекта стараются создать удобную среду для разработки децентрализованных приложений и смарт-контрактов.

2018-8-13 16:42


Cardano (ADA) Search Volume Spikes Following Coinbase Announcement

Cardano (ADA)–The eighth largest cryptocurrency by market capitalization continues to gain momentum following the landmark announcement by U. S. -based cryptocurrency exchange Coinbase. On Friday, Coinbase made waves across the industry by announcing it’s exploration into five new cryptocurrencies: Basic Attention Token (BAT), Zcash (ZEC), Stellar (XLM), 0x (ZRX), and Cardano (ADA).

2018-7-16 21:15


How Cardano (ADA) Plans to Solve Proof of Stake

Cardano (ADA)–Coming off the positive news of a potential partnership with Coinbase, Cardano’s ADA has benefited from a pump in price over the weekend.  Investors and enthusiasts alike seek to reverse the losses of 2018’s bear cycle, both in anticipation of the buying power of Coinbase’s 13 million+ customers and also in appreciation for what […] The post How Cardano (ADA) Plans to Solve Proof of Stake appeared first on Ethereum World News.

2018-7-15 19:49


Coinbase может добавить Ethereum Classic намного раньше

Криптовалютная платформа Coinbase сообщила о том, что добавление Ethereum Classic не займет много времени из-за её схожести с Ethereum. Такое заявление представители Coinbase сделали в дополнение к объявлению о новых поддерживаемых монетах: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) и 0x (ZRX).

2018-7-15 11:51


Фото:

Cardano (ADA), BAT, Stellar (XLM), ZCash and ZRX Continue to Gain Amidst Coinbase News

In a tweet just yesterday, popular American cryptocurrency exchange known as Coinbase, announced that it was exploring the possibilities of adding the following 5 cryptocurrencies on its platform: Cardano (ADA) Basic Attention Token (BAT) Stellar (XLM) ZCash (ZEC) Ox (ZRX) The team at Coinbase added that: We are making this announcement internally at Coinbase and […] The post Cardano (ADA), BAT, Stellar (XLM), ZCash and ZRX Continue to Gain Amidst Coinbase News appeared first on Ethereum World News.

2018-7-14 10:10


Пять криптовалют взлетели после анонса о возможном листинге на Coinbase

Американская компания Coinbase в своём блоге 13 июня объявила, что рассматривает возможность листинга следующих активов: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) и 0x (ZRX).

2018-7-14 09:00


JPMorgan пророчит светлое будущее для Ethereum, Ripple, Cardano и Litecoin

На днях один из крупнейших американских банков JPMorgan представил внутренний отчет, в котором сообщается, что такие криптовалюты, как Ripple, Bitcoin, Ethereum, Cardano, Dash, Litecoin будут успешно существовать еще достаточно долго.

2018-7-13 15:42


Professor Whitfield Diffie on the Challenges of Securing Data on the Blockchain

Blockchain technology has come a long way since it was introduced as the underlying technology driving Bitcoin. As the field continues to advance, modern blockchains such as Ethereum, EOS, NEO, Cardano and others are becoming software platforms where startups can build entire products and utilize decentralized features inside their own applications. Today, blockchain technology is […]

2018-7-10 16:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election

As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year.   While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours.

BNB price unfazed as Binance burns 1.7M tokens

Binance has burned over 1.7 million BNB tokens as a part of its quarterly burning initiative. On Nov. 1, Binance, the world’s largest cryptocurrency exchange in terms of trading volume, announced its 29th quarterly BNB token burn, where it removed…

Crypto turns green as Bitcoin flirts with $73k

Most cryptocurrencies are trading in the green in the past 24 hours, as Bitcoin price rose to $73,000 to push the global crypto market cap to $2.45 trillion. This happens as Bitcoin (BTC), the flagship digital asset, topped $73,000 on…