The cryptocurrency market is currently undergoing a significant transformation in terms of mainstream adoption and user engagement. As the Bitcoin halving approaches and the hype around BTC ETF grows, more investors are flocking to the space. Notably, crypto whales, investors with the power to influence market trends due to their substantial funds, are also becoming
Cardano
Recently, the Donald Trump-themed meme coin Doland Tremp (TREMP) made headlines as it reached a new all-time high after positive news about the billionaire’s presidential campaign. The former political leader’s softened stance on digital assets has garnered attention, with him now describing himself as the candidate of the pro-crypto voters. The cryptocurrency market as a
The cryptocurrency market has been relatively stagnant, but today shows a glimmer of hope with Ethereum (ETH) trading at $2,977.88, marking a 2.6% increase over the past 24 hours. Despite this short-term increase, senior market analyst Alex Kuptsikevich highlights Ethereum’s challenges. The ongoing consolidation near the lower end of its price range and a “death
In a recent analysis by crypto analyst Javon Marks, Cardano (ADA) has been identified as a cryptocurrency that is primed to make a significant move to the upside. Marks points out that ADA has shown major progress since breaking the resisting trend, indicating a potential for substantial growth. He mentioned in a social media post
Cardano (ADA) has recently seen a significant reversal in its trading volume, indicating a potential upward trend for the cryptocurrency. This positive development has coincided with ultra-bullish predictions from various crypto analysts. Altcoin Daily, for example, has set a peak price target of $9 for Cardano in the current bull run. This optimistic outlook is
When it comes to analyzing the buying opportunities in the cryptocurrency market, analytics firm Santiment has pointed out that Cardano (ADA) is currently showing a slightly better opportunity compared to other top coins. Santiment recently discussed the performance of the top assets in the cryptocurrency sector based on the Relative Strength Index (RSI). The RSI
The recent price action of Bitcoin has left institutional investors with a bearish sentiment, leading to a wave of massive outflows from Bitcoin investment products. Data revealed by CoinShares in a blog post indicated that Bitcoin investment funds experienced an outflow of $284 million last week. The majority of these outflows were attributed to the
Digital asset investment products recorded outflows for the fourth consecutive week, totaling a significant $251 million. The latest data indicates the first instance of “measurable outflows” from newly issued ETFs in the US, with a total of $156 million in outflows noted last week. This trend is indicative of investor sentiment shifting away from digital
Cardano has been showing signs of recovery from its recent lows, with the price holding steady above $0.45. However, one crypto analyst, known as ‘More Crypto Online’, has a different perspective on the future trajectory of ADA. According to the analyst, the altcoin is currently in a 3-wave corrective rally based on the Elliot Wave
Cardano founder, Charles Hoskinson, recently sparked interest in a potential partnership between Cardano (ADA) and Bitcoin Cash (BCH). Hoskinson initiated a poll to gauge public opinion on the idea of collaborating with Bitcoin Cash to enhance its performance through innovative technologies such as proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo