2021-9-14 16:07 |
Thanks to El Salvador’s daring move, digital money looms large on global policymakers’ radars.
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The Cardano price was one of the major beneficiaries of the positive momentum injected into the market following US President Donald Trump’s announcement of a strategic crypto reserve. On Sunday, March 2, the altcoin surged by almost 60% in a couple of hours after the disclosure.
The cryptocurrency market has continued to show resilience in the wake of trade tensions. Most majors have recorded some gains as investors beyond the current instabilities and onto the expected surge in cryptocurrency adoption rates.
Cardano (ADA) has seen significant volatility in recent weeks, capturing the attention of investors and analysts alike. After reaching a local high of $1. 15 on November 23, the price retraced significantly and recently failed to reclaim this key level.
Cryptocurrency prices jumped sharply as Bitcoin moved close to the important resistance point at $80,000. Other cryptocurrencies like Cardano (ADA), Hamster Kombat (HMSTR), and Catizen (CATI) have all surged by double digits.
In a major move towards blockchain innovation and interoperability, Cardano has announced a new partnership with BitcoinOS (BOS), a smart contract operating system for Bitcoin, the world’s first and largest cryptocurrency.
Cardano (ADA) is now at a crucial price level after weeks of intense volatility and uncertainty. Following a dramatic series of price swings—first a 27% surge, then a 20% retrace, then a 10% rise, and now a 7% dip to $0.
In a video analysis delivered to his 368,000 YouTube subscribers, Dan Gambardello explains why he believes that ADA remains fundamentally bullish despite the -17% price drop over the past 10 days. Gambardello emphasizes several key developments and technical setups within the Cardano ecosystem, particularly focusing on its recent transition to on-chain governance through the “Chang” hard fork.