In a recent post on X (formerly Twitter), Santiment, an on-chain analytics platform, highlighted the heavy trader shorting of Cardano (ADA) and XRP. Despite the relief pumps that followed the recent market decline, market traders remain wary of considering this a bullish reversal. The heavy shorting of these two tokens could actually serve as the
Cardano
The recent outflows from crypto funds have raised concerns among investors and analysts alike. After five weeks of consecutive inflows totaling $4.35 billion, the sudden reversal to $600 million in outflows has caught many by surprise. The outflows were primarily concentrated in Bitcoin and Solana funds, signaling a shift in investor sentiment towards these assets.
Ethereum experienced a 4.4% loss in price this week, signaling a shift in bullish momentum. The price action was dominated by sellers, pushing the cryptocurrency down to the key support level at $3,500. Despite this pullback, there is optimism that it could be a normal retest following a significant breakout after the ETF confirmation. As
Crypto analyst, Sebastian, has made a bold prediction that Cardano (ADA) could potentially rise to $3 this year. One of the reasons he highlighted is Cardano’s partnership with Argentina. The Cardano Foundation’s collaboration with Entre Ríos, a central province in Argentina, is aimed at promoting blockchain adoption in the region. This partnership not only benefits
STORM Partners recently made waves in the crypto space with the announcement of their new initiative, Lightningbox, during the Web3Fest event in Switzerland’s “Crypto Valley.” This initiative aims to revolutionize the way large enterprises in Europe harness the power of blockchain technology to drive their digital transformation efforts. The Lightningbox initiative seeks to create a
In a recent interview on the Thinking Crypto podcast, Charles Hoskinson, the founder of Cardano, revealed the disappointing truth behind the rumored partnership with tech mogul Elon Musk. Despite numerous attempts to reach out to Musk’s companies, including offering free work to combat issues with bots on the platform formerly known as Twitter, Hoskinson expressed
As the cryptocurrency market continues to see bullish expectations, one particular crypto analyst, known as @Av_Sebastian on X (formerly Twitter), predicts that the Cardano price could potentially rise to $2. This optimism is attributed to the highly anticipated Chang upgrade scheduled for the Cardano network. The crypto analyst has expressed confidence that the ADA price
The ultra-bullish prediction of Cardano rising to $38 seems highly unrealistic and speculative. While it is important to have optimism in the cryptocurrency market, it is equally crucial to ground predictions in reality. Making such extravagant claims without concrete evidence or a clear roadmap undermines the credibility of the analyst. The prediction fails to take
In a recent interview, Charles Hoskinson, CEO of IOG, made a bold statement by calling the Bitcoin following a ‘religion’ and deemed it unsustainable. He criticized Bitcoin’s devout following, likening it to a religion, and declared that the crypto industry has outgrown its dependence on Bitcoin. According to him, the industry no longer needs Bitcoin
Institutional investors have recently been doubling down on Bitcoin, showing a surge in confidence in the leading cryptocurrency. Last week, investment funds related to Bitcoin saw massive inflows, totaling $942 million. This surge in investments is seen as a bullish signal that could potentially drive Bitcoin’s price to $80,000. This influx of capital is attributed