Cardano (ADA) is one of the assets that’s seen significant price gains over January. ADA has attracted attention, for going out of its usual stagnant range-bound trading.
Cardano Broke Out of Range, Based on Renewed Publicity Efforts
ADA reached $0.055, its highest level since the summer of 2019, and looks like trying to break out of its long bearish slide. ADA also achieved most of its gains in the past few days, going parabolic both in dollar and BTC prices.
Here are the three major factors that sparked the most recent rally, where ADA rose along with other altcoins.
1. PwC Partnership
Charles Hoskinson, the project’s founder, announced a partnership with PwC, to achieve commercialization of the Cardano platform. The nature of the partnership, however, regards a rebranding and a marketing strategy, and says nothing about the actual use of ADA or the coming blockchain with additional solutions.
Still, after two years of relatively obscure activity, the Cardano project is starting to make more noticeably bullish progress. Attracting one of the biggest auditing firms to lead a new marketing strategy has added to the visibility of Cardano, and to more active ADA trading. The specifics of the campaign and partnership are not clear yet, and the date of the campaign launch is yet to be announced.
2. Yoroi Wallet Extension
The Yoroi wallet has accommodated more of the Cardano ecosystem, adding the Yoroi Shelley extension in its latest version.
Cardano's Yoroi Shelley extension 2.4.0 is now released to both Chrome and Firefox users!https://t.co/81RQYy8ghV
We have 4 new features part of this release.
Here the are: [1/5]
— Yoroi Wallet (@YoroiWallet) January 28, 2020
Currently, ADA works as a simple token, but has worked to integrate itself with wallets and become more usable in the future. Along with the updated extension, come new features. This seems to be another bullish catalyst driving ADA price towards new yearly highs.
3. Successful Davos Conference
The Davos World Economic Forum in January hosted a Cardano delegation, headed by Charles Hoskinson himself. The event was very successful in boosting the project’s overall exposure to new prospective partners and investors, and arguably triggered the start of ADA’s bull run. During the Davos conference, Cardano announced it had signed a letter of intent with Finka Advisors, as well as a new collaboration with Dust Identity.
Davos Special: @nathan_kaiser, Chairperson of @CardanoStiftung, calls for a wider discussion of #interoperability and include philosophers, economists and regulators in the conversation during his @CV_Labs keynote in @Davos during @wef. See more: https://t.co/oodLNuYq27
— Cardano Foundation (@CardanoStiftung) January 28, 2020
Cardano was one of the few projects to press the potential of blockchain solutions, viewed with extreme optimism as potentially challenging the leadership of Ethereum.
Is a Cardano Resurgence About to Begin?
The Cardano project caught the imagination of multiple investors during the bull run in 2017. But since then, the project has aged more than two and a half years since the launch of its initial mainnet. The actual use cases of Cardano and ADA remain limited with very few transactions for now, and the project once again tries to present its case for future potential. Cardano was supposed to have one of the more innovative consensus mechanisms, and allow scalable, cheap transactions and second-layer solutions.
The current price reawakening above 500 Satoshi, along with increasing dollar price, may lead to renewed speculative trading of ADA. The asset may also rise if altcoins continue move up in a general wave of optimism.
What do you think about the performance and promises of Cardano? Share your thoughts in the comments section below!
Images via Shutterstock, Twitter @CardanoStiftung @YoroiWallet The post appeared first on Bitcoinist.com. origin »
Cardano faced a critical test at $0. 80–$0. 66, with volatility keeping traders on edge.
Large transactions were declining, signaling reduced whale interest—Will ADA regain momentum?
CardaThe post Cardano struggles at $0.
After rallying to a cycle peak of $1. 15, Cardano (ADA) has harshly succumbed to market pressure. A recent double-digit loss in 24 hours saw its price hit a low of $0. 63. Despite the downturn, experts are exploring ADA’s possibility of closing the year with over 1000% gains.
Cardano (ADA) has long been a major player in the blockchain market, reaching an all-time high of $3. 10 due to its strong focus on scalability and smart contract technology. Currently trading at around $0.
The Cardano price pump will make ADA holders very happy today. We are looking at a 60% surge and ADA is now back above $1. This impressive jump has put Cardano ahead of both XRP and Solana in daily gains, catching many traders by surprise.
Cryptocurrencies witness significant declines today as bears tighten their grip. The notable selling momentum has deteriorated Cardano’s structure. ADA has been in a free fall despite recent buying activities from large-scale players.
Turning a small investment into life-changing gains is every crypto investor’s dream, and a new Cardano (ADA) alternative is making that a reality. While Cardano (ADA) is working toward reclaiming the $2.
Cardano continued to consolidate below $1, a structure that historically precedes breakout rallies.
Is this dormant liquidity coiling for a major move?
Cardano [ADA] continues its range-bounThe post Cardano [ADA] hints at a bull trap, here's what it means for traders appeared first on AMBCrypto.
Cardano is set for a major milestone as the blockchain network looks to evolve with fully decentralized governance. On January 29, the Cardano Foundation announced the Plomin hard fork, a blockchain upgrade that introduces key governance changes to Cardano (ADA), takes effect “tonight”.
Cardano, the popular layer-1 network, has seen little movement this year, but several fundamentals and technical patterns point to a potential bullish breakout. Cardano (ADA) was trading near the critical support level at $1 on Tuesday, down about 27% from…
Cardano’s ADA traded fairly flatly on Saturday, extending its week-long consolidation phase amid a brief market pause following President Trump's inauguration.
Cardano faces $1.13 resistance, trading at $0.97 despite bullish market trends. Long-term holders bolster confidence in ADA's potential.
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Cardano profits surge as whale sell-offs weigh on ADA. Weak support may lead to a drop, while sentiment could drive a recovery.
The post Cardano’s Rising Profits Push ADA Whales to Sell appeared first on BeInCrypto.
At the time of writing, Cardano had a bullish long-term outlook
Past month's range formation offered swing traders plenty of opportunities
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Cardano’s price consolidated near $1.08 after a strong weekly rally, signaling potential for further upside.
Trading volume hit 18.3 million ADA, reflecting heightened investor interest and mThe post Cardano: Will ADA hold THIS support or push towards $1.22? appeared first on AMBCrypto.
A popular analyst is outlining a potential path for Cardano, predicting that ADA could be on the cusp of a significant upward movement in the coming days.
Cardano’s price tumbles 18%, with resistance at $0.92 and falling active addresses suggesting further declines. Can ADA regain bullish momentum?
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The cryptocurrency market is alive with speculation following a bold prediction from a Wall Street expert, who forecasts the Dogecoin price reaching $5 before Cardano (ADA). While the spotlight shines on these popular tokens, another player has emerged with the potential to outpace both.
В последние недели Cardano (ADA) находится под значительным давлением продаж. Из-за этого альткоин рискует потерять поддержку на уровне $1 и откатиться ниже. Разбираемся, почему игроки рынка избавляются от Cardano (ADA) и как это скажется на цене криптовалюты.
Cardano (ADA) has once again attracted the crypto spotlight with its latest historical feat. Hydra—Cardano’s layer-2 scaling solution—has notably outperformed Visa by successfully performing 2 billion transactions in just four hours.
Cardano’s TVL crossed $700M, with $1B as the next target.
Will the strong network growth push ADA’s value higher?
Cardano's [ADA] impressive November rally was backed by strong fundaThe post Cardano TVL crosses $700 mln - Will this help ADA cross $3? appeared first on AMBCrypto.
Cryptocurrency has been a game-changer for many, turning small amounts of money into significant wealth. Chris, a nurse from Arizona, saw his $10,000 in Cardano (ADA) grow into over $250,000. This transformation freed him from financial worries and opened new doors for his future.
Cardano (ADA) has surged past the symbolic $1 mark, reaching a multi-year high on Friday. This impressive climb has positioned ADA among the top gainers in the high-caliber cryptocurrency market, outpacing every other crypto asset within the top ten rankings.
Cardano (ADA) has continued its consistent development and strategic collaborations. With its research-driven approach, it is establishing itself in decentralized finance (DeFi). Analyst Dan Gambardello, in a YouTube video, provided insights into Cardano’s evolving fundamentals and potential market trajectory, while analyst @ali_charts highlighted notable whale activity surrounding ADA.
Cardano displayed a bearish momentum divergence on the daily chart.
The liquidation map and $0.787 resistance could lead to a minor price dip.
Cardano [ADA] was strongly bullish on the dailyThe post Cardano price prediction shows ADA is set to surge past $1 - How? appeared first on AMBCrypto.
Cardano has been seeing an impressive amount of interest from large holders as it defied the market-wide turbulence with a price hike. As expected, Cardano (ADA) went on a rally to an 18-month high of $0.80 early Wednesday. ADA’s bullish…
Analysts see Cardano reaching $6, based on past price patterns
The Voltaire era has boosted Cardano's governance, but competition from Ethereum and Solana remained.
Cardano [ADA] has quietlyThe post Cardano: What needs to happen for ADA to hit $6 in 2025 appeared first on AMBCrypto.
Существующие криптовалюты не имеют подходящей модели, которая позволила бы им работать в качестве платежного средства в долгосрочной перспективе. Об этом управляющий Банка Англии Эндрю Бейли заявил на Всемирном экономическом форуме в Давосе.
On January 22, at World Economic Forum (WEF) in Davos, Coinstelegram Co-Founder Alexander Belov (also known as Alex White) spoke with Teeka Tiwari – founder of Palm Beach Confidential and one of the leading crypto analysts in the world.
