Cardano

Ethereum surpassed Cardano and Polkadot in developers’ count.  Traders are taking ETH positions before the Shapella update. Ahead of the 12 April completion of the Shanghai upgrade, Ethereum [ETH] has taken the mantle as the blockchain with the most active developers in the Layer one (L1) and Layer Two (L2) ecosystems. Recall that projects like […]

Ethereum outshines DOT and ADA in developers’ count, thanks to…

Cardano is on its way to becoming a top chain compatible with the Ethereum Virtual Machine after the impending introduction of a new feature that will allow users to seamlessly use an EVM contract directly from any ADA wallet.

Cardano Primed For Explosive Rally Thanks To Upcoming Feature Giving Users Direct Access To Ethereum Dapps From ADA Wallets


                    
                    Signs of easing inflation could push Bitcoin and select altcoins above their respective overhead resistance levels in the short-term. 
                    Data from the Personal Consumption Expenditures (PCE) index showed an uptick of 0.3% in February, which lower than the 0.5% increase seen in January. Economists had projected a rise of 0.4% and the PCE data suggests that inflation is gradually showing a decreasing trend. Risky assets rallied in response to the data and some analysts expect the Federal Reserve to start cutting rates by the end of the year, The FedWatch Tool shows a 33% probability of a 50 basis point cut by December 2023.The cryptocurrency space is trying to come out of a long bear phase. This has improved sentiment and analysts are focusing on the long-term prospects of cryptocurrencies and blockchain technology. Daily cryptocurrency market performance. Source: Coin360Citi said in its “Money, Tokens and Games” March report that the blockchain-based tokenization of real-world assets could soar to between $4 to $5 trillion by 2030. Although the lack of legal and regulatory framework, and the skepticism of industry players may pose a challenge in the short term, the investment bank believes they will be overcome eventually. Could Bitcoin (BTC) and select altcoins extend their up-move or is it time for the rally to stall? Let’s study the charts of the top-10 cryptocurrencies to find out.Bitcoin price analysisThe bulls propelled Bitcoin above $29,000 on March 30 but the long wick on the candlestick shows that the bears have not yet given up and are selling on rallies. BTC/USDT daily chart. Source: TradingViewWhen a level proves too difficult to cross, usually the price retraces back before making the next attempt. In this case, if the price again fails to cross $29,000, the BTC/USDT pair may pullback to the 20-day exponential moving average ($26,707). A strong bounce off this level will suggest that the sentiment remains positive and traders are buying on dips. That will increase the possibility of a break above $29,185. If buyers succeed in their endeavor, the pair may soar to the $30,000 to $32,500 resistance zone. The first sign of weakness will be a fall below the 20-day EMA. Such a move will suggest that the bulls may be booking profits. That may result in a rest of the breakout level of $25,250. Below this level, the pair could slide to the 200-day simple moving average ($20,342).Ether price analysisEther (ETH) is facing resistance near $1,857, indicating that bears are trying to protect this level with all their might. A positive sign in favor of the bulls is that they have not ceded ground to the bears.ETH/USDT daily chart. Source: TradingViewThe rising 20-day EMA ($1,736) and the RSI in the positive territory enhance the prospects of a break above $1,857. If that happens, the ETH/USDT pair may resume its up-move and reach the overhead resistance zone between $2,000 and $2,200.Contrary to this assumption, if the price trips below the 20-day EMA, it will suggest that the bulls have given up. That could pull the price to the strong support at $1,680. A break below this level could indicate that bears have seized control. The pair may then descend to $1,600 and thereafter to $1,461.BNB price analysisBNB’s (BNB) relief rally is facing selling in the zone between the 20-day EMA ($316) and the downtrend line but the bulls are hanging on.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA has flattened out and the RSI is near the midpoint, indicating that the selling pressure may be reducing. The aggressive bears may get trapped if the price rises above the downtrend line. That may result in a short squeeze, which could propel the price to the overhead resistance zone between $338 and $346.Conversely, if the price turns down from the downtrend line and plummets below $305, it will suggest that bears are back in the driver’s seat. The BNB/USDT pair may then drop to the 200-day SMA ($290).XRP price analysisThe long wick on XRP’s (XRP) March 29 candlestick shows that the bears are aggressively defending the resistance at $0.56. XRP/USDT daily chart. Source: TradingViewThe XRP/USDT pair formed an inside-day candlestick pattern on March 30, indicating uncertainty among the bulls and the bears. If the price slips below $0.52, the pair may retest the breakout level of $0.49. This is an important level to keep an eye on because a break below it could extend the correction to the 20-day EMA ($0.45).Another possibility is that the price turns up from the current level and breaks above the $0.56 to $0.59 resistance zone. If that happens, the pair may skyrocket to $0.65 and later to $0.80.Cardano price analysis After hesitating for two days, the bulls have pushed Cardano (ADA) above the minor resistance at $0.39. The price has reached the vital resistance at the neckline of the inverse head and shoulders (H&S) pattern.ADA/USDT daily chart. Source: TradingViewThe rising 20-day EMA ($0.36) and the RSI in the positive territory indicate that the path of least resistance is to the upside. If buyers thrust the price above the neckline, it will complete the reversal setup. The ADA/USDT pair could then surge toward the pattern target of $0.60.On the other hand, if the price turns down from the neckline, the bears will try to sink the pair to the moving averages. This is an important level to keep an eye on because a slide below it could open the gates for a possible fall to $0.30.Dogecoin price analysisDogecoin (DOGE) has been trading near the 20-day EMA ($0.07) for the past few days, indicating indecision among the bulls and the bears.DOGE/USDT daily chart. Source: TradingViewThe flat 20-day EMA and the RSI near the midpoint do not give an advantage either to the bulls or the bears. This uncertainty will clear if the price breaks above the 200-day SMA or plummets below $0.07.If the price rises above the 200-day SMA, the DOGE/USDT pair could pick up momentum and rally toward the $0.10 to $0.11 resistance zone. The bears are likely to defend this zone with vigor. On the downside, a break below $0.07 could result in a retest of the support near $0.06.Polygon price analysisPolygon (MATIC) nudged above the 20-day EMA ($1.12) on March 29 and 30 but the bears held their ground. Sellers will now try to sink the price to the strong support at $1.05.MATIC/USDT daily chart. Source: TradingViewThe 20-day EMA continues to slope down, indicating advantage to bears but the RSI just below the midpoint suggests that the bulls are attempting a comeback. This state of uncertainty may not continue for long.If the price breaks and sustains above the 20-day EMA, the MATIC/USDT pair may attempt a rally to the overhead resistance of $1.30. On the other hand, if the price tumbles below the 200-day SMA ($0.97), the selling could intensify and the pair may nosedive to $0.69. Related: Solana overcomes FTX fiasco — SOL price gains 100% in Q1Solana price analysisBuyers pushed Solana (SOL) above the 20-day EMA ($20.88) on March 29 but the bulls could not clear the overhead hurdle at the downtrend line.SOL/USDT daily chart. Source: TradingViewThe 20-day EMA is flat and the RSI is just below the midpoint, indicating a state of equilibrium between the buyers and sellers. The SOL/USDT pair may continue to swing between the support at $18.70 and the downtrend line for a while longer.Usually, when the price gets squeezed between two levels, it is followed by a sharp breakout. If the price breaks below $18.70, the pair could slump to $15.28. Alternatively, a rally above the downtrend line will signal a potential trend change. The pair may then start its northward march toward $39.Polkadot price analysisPolkadot (DOT) broke above the 20-day EMA ($6.13) on March 29 and the bulls thwarted attempts by the bears to pull the price back below the level on March 30.DOT/USDT daily chart. Source: TradingViewThe 20-day EMA has flattened out and the RSI is just above the midpoint, indicating a balance between supply and demand. The DOT/USDT pair could oscillate between $5.70 and $6.70 for a few days.A break and close above the $6.70 resistance will open the doors for a potential rise to the neckline of the inverse H&S pattern. Contrarily, if the price turns down and slips below $5.70, the pair may decline to $5.15.Litecoin price analysisThe bulls once again defended the 20-day EMA ($87) on March 30, indicating strong demand for Litecoin (LTC) at lower levels.LTC/USDT daily chart. Source: TradingViewBuyers will have to propel the price above $96 to signal that the short-term corrective phase may be over. The LTC/USDT pair will then try to rally to $106 where the bulls are likely to encounter strong resistance from the bears.Alternatively, if the price turns down from the current level or the downtrend line, it will suggest that bears are not willing to give up. That will increase the prospects of a break below the 20-day EMA. The pair may then slump to $75.The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.




Price analysis 3/31: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Moonbeam is seeing explosive growth in the last month, Cardano is about to be EVM compatible and Polygon sees massive growth following zkEVM. Avalanche launches NFT artist program, and Magic Eden is taking over on BTC Ordinals sales!

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⏱️ TIMESTAMPS
00:00 INTRO
0:24 ETH futures take off before shanghai 
1:22 Cardano is about to become EVM compatible! 
2:44 Polygon sees massive growth amid zkEVM
3:43 Moonbeam's new users grows drastically!
4:37 Arbitrum Airdrop Hunters claim $3.3 Million in rewards
5:27 ViteBridge Testnet comes to Polygon
6:31 Avalanche launches NFT Artist Initiative
7:17 Magic Eden dominates BTC Ordinals sales

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#cryptonews #cardano #polygon #ethereum

REALLY SURPRISING Crypto Growth 🤯!! Cardano ADA, Polygon Matic, Moonbeam GLMR Major News

Tax software platform CoinLedger unlocks convenient tax reporting on Cardano.
Continue reading at DailyCoin.

CoinLedger Automatic Tax Reporting Now Live on Cardano (ADA)

Cardano (ADA) creator Charles Hoskinson is predicting nation-states will adopt the smart contract platform within the next decade if anti-crypto forces do not get in the way. In a new video update, Hoskinson tells his 320,000 Youtube subscribers that nation-states will likely one day rely on the Cardano ecosystem for a range of useful functions. […]
The post Charles Hoskinson Predicts Nation-States Will Adopt Cardano (ADA) in 5 to 10 Years – But There’s a Catch appeared first on The Daily Hodl.

Charles Hoskinson Predicts Nation-States Will Adopt Cardano (ADA) in 5 to 10 Years – But There’s a Catch

Cardano’s native token, ADA, has seen a significant increase in its price today, reaching a high of $0.4075, according to CoinMarketCap.

Cardano gains 7% as it approaches EVM dominance

Cardano moved to a six-week high on Friday, as consumer sentiment in the United States fell by more than expected. The University of Michigan’s monthly report fell to a reading of 62 in March, lower than the 63.2 sum markets were expecting. Chainlink also climbed, breaking out of a key resistance level. Cardano (ADA) Cardano […]

Biggest Movers: Cardano Moves to 6-Week High, Climbing by Over 6% on Friday

The post Bitcoin’s Market Cap Dominance Hits Critical Resistance, Altcoin Pump Ahead appeared first on Coinpedia Fintech News
After scaling to a high of around $29,159 in the past two weeks, Bitcoin bulls have struggled to reach the long-awaited $30k. As a result, investors have begun pulling their money out of Bitcoin’s ecosystem towards the altcoin market. For instance, Cardano (ADA) traded around $0.393 on Friday, up approximately 3.3 percent in the past …

Bitcoin’s Market Cap Dominance Hits Critical Resistance, Altcoin Pump Ahead

Data from IntoTheBlock, the AI platform that provides actionable intelligence for crypto assets, shows a drop in whale activities on the Cardano network in the past 30 days. According to the platform, the number of whales holding between 100 million to 1 billion ADA tokens decreased by 25% in March 2023. The crypto data aggregation […]
The post On-Chain Data Shows that ADA Rally is Driven by Smaller Investors appeared first on Coin Edition.

On-Chain Data Shows that ADA Rally is Driven by Smaller Investors

According to recent statistics, a significant percentage of the total supply of various proof-of-stake (PoS) cryptocurrencies is being staked by users. As per a tweet by a well-known crypto influencer account, 71% of Cardano (ADA), 70% of Solana (SOL), 85% of Binance Coin (BNB) Chain, 63% of Avalanche (AVAX), and 50% of Polkadot (DOT) are […]
The post Analyst: ETH at $1,800 with Only 16% Staked, Will it Soar After Shanghai? appeared first on Coin Edition.

Analyst: ETH at $1,800 with Only 16% Staked, Will it Soar After Shanghai?

Cryptocurrency analyst Benjamin is warning that Cardano (ADA) and other altcoins are primed for losses when paired against Bitcoin (BTC). Cowen tells his 738,700 Twitter followers that against Bitcoin, Cardano could bottom out at 0.00000400 BTC, or $0.11, a drop of 69.8% from current levels. “I think ADA/BTC would be lucky to bottom at 0.00000800 […]
The post Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline appeared first on The Daily Hodl.

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

After rising over $29k on Thursday, Bitcoin price fell to $27.5k today. The BTC price trades at $27,863 after a 3% pullback in the last 24 hours. Altcoins relatively remains stronger amid weakness in Bitcoin, with Ethereum price trading sideways near the $1800 level in the last 24hrs. Among the top altcoins, Cardano (ADA) and 
The post Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong appeared first on CoinGape.

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

The post Is COVID threatening to come back? If yes the next lockdown will see the rise of Dogecoin (DOGE), RenQ Finance (RENQ), and Cardano (ADA) appeared first on Coinpedia Fintech News
The world has been grappling with the COVID-19 pandemic for over a year, and while vaccines have been rolled out in many countries, there are still concerns about new variants, vaccine hesitancy, and the potential for new waves of infections.  Some experts have warned that another lockdown could be necessary if the situation worsens. If …

Is COVID threatening to come back? If yes the next lockdown will see the rise of Dogecoin (DOGE), RenQ Finance (RENQ), and Cardano (ADA)

News and market prices of the crypto assets Velo (VELO), Cardano (ADA) and CryptoGPT (GPT)

The move will be enabled after an upcoming feature on Milkomeda, an Ethereum Virtual Machine network, goes live.

Cardano Users Can Soon Access Ethereum dApps Directly From ADA Wallets

The post ADA Whales Sell Their Holdings. Is the Cardano Price Rally Driven by ‘Small Fish’? appeared first on Coinpedia Fintech News
Cardano (ADA), which has recorded a significant gain in the last 24 hours and has joined the top market movers today and is currently trading at $0.3869. The bullish surge that has engulfed the entire sector is currently the main factor causing ADA’s rise.  The market appears to be entering another bull run, and ADA …

ADA Whales Sell Their Holdings. Is the Cardano Price Rally Driven by ‘Small Fish’?

Due to various factors, the crypto industry faces increasing difficulty finding banking services in the US, according to a Bloomberg report, banks have hesitated to work with crypto customers. Recent events such as the closure of crypto-friendly Silvergate Capital Corp. and the seizure of Signature Bank by regulators have made banks even warier about providing services to the industry. Per the report, although there is no blanket ban on serving crypto clients, financial firms are imposing “lengthy” application procedures, turning away smaller crypto companies and some retail platforms, and in some cases, allegedly completely shutting the door on crypto businesses.  Related Reading: Cardano (ADA) Faces Key Resistance Level At 0.385, Will It Break Through? Will The Crypto Industry Be Able To Overcome This Situation? According to Bloomberg, after the collapse of Silicon Valley Bank (SVB) and Signature Bank, Cross River Bank received requests from over 100 new clients seeking a safe place to deposit their funds.  However, the bank allegedly turned down almost all of those requests, only considering companies with existing relationships with Cross River that were “blue-chip” customers and “integral” to the fintech ecosystem, a spokesperson told Bloomberg. The increasing caution of financial institutions in serving the cryptocurrency industry is becoming more apparent, with some banks even turning away non-crypto companies seeking a safe place to deposit their funds. This reluctance to serve the industry has made it challenging for crypto companies to find reliable banking services, exacerbating the challenges of operating in a largely overregulated environment. Moreover, Cross River Bank, a closely-held company based in Fort Lee, New Jersey, has allegedly only accepted a few crypto companies, including stablecoin issuer Circle Internet Financial Ltd, which expanded its partnership with Cross River after the collapse of SVB. No Clear Picture Ahead For The Industry Per the report, while some big banks, such as JPMorgan Chase and the Bank of New York Mellon, appear willing to do business with crypto firms selectively, the onboarding process with these institutions can be “quite lengthy,” up to six months, Bobby Zagotta, CEO of Bitstamp told Bloomberg. He further claimed: There are other alternatives that are small that could emerge as a next evolution of this kind of payments space, but it’s absolutely unclear to me who that might be, and based on what. From our conversations with our customers, we haven’t heard anyone who has a clear picture. Overall, the lack of access to banking services is a significant challenge for the cryptocurrency industry, as it limits the ability of companies to operate and grow their businesses.  The industry is calling for greater regulatory clarity and support to help promote the growth and development of the cryptocurrency industry, like the case of Coinbase with its different measures to ask for a regulatory framework that enables the crypto industry to continue to provide its services in the US and further growth in the future.  Related Reading: $4 Billion Bitcoin Option Contract To Expire On Friday, What This Means For BTC Feature image from Unsplash, chart from TradingView.com

Crypto Industry Struggles To Access Banking Services In The US, Report Shows

Milkomeda’s new ADA feature is driving expectations sky-high.
Continue reading at DailyCoin.

Sebastien Guillemot: Cardano (ADA) “Will Be a Top EVM Chain Next Month”

Cardano (ADA) is experiencing a significant challenge despite its strong bullish momentum since March 21st. The cryptocurrency’s price is stalled at a local resistance level of $0.385, which has proven to be a significant barrier for ADA in its price movement. ADA is trading at $0.3704, recording a decline of over 3.5% in the past 24 hours. The key resistance level of $0.385 is the next target for ADA, with strong buying pressure preventing its price from slipping to its nearest support floor at $0.3254. Related Reading: CAKE Remains Under Pressure Despite PancakeSwap Dominating BSC Will Cardano’s Developments Keep Uptrend Going? According to Sebastien Guillemot, CTO and co-founder of DcSpark, a product-based blockchain company that builds products and solutions for crypto projects, Cardano is set to become one of the top Ethereum Virtual Machine (EVM) chains next month, which could boost ADA’s price and allow the cryptocurrency breach new yearly highs.  Guillemot claims this is due to the launch of Milkomeda, Cardano’s EVM layer, allowing every Cardano user to operate EVM contracts directly from any wallet, everything in ADA. This could be a significant development for Cardano, as it will instantly make it one of the largest EVM chains regarding user count.  By integrating the EVM into Cardano’s infrastructure, developers can create and deploy their Ethereum-based decentralized applications (dApps) and smart contracts on the network.  Cardano’s users can also access a wider range of decentralized applications and smart contracts, increasing the platform’s utility and “attractiveness.” Moreover, using EVM contracts directly from any Cardano wallet in pure ADA will simplify the user experience, making it easier for users to interact with Cardano’s network.  In addition, According to Guillemot, Milkomeda will enable staking rewards for all EVM users, including smart contract developers, allowing them to earn rewards for staking their tokens on the network.  Will Cardano Be Able To Climb Higher? One factor that could contribute to a potential price increase is the expanded utility of Cardano. By integrating the EVM, Cardano increases its platform’s range of use cases, making it more attractive to developers and users. This increased utility could lead to greater adoption of Cardano, increasing the demand for ADA and potentially boosting its price. Moreover, another factor that may contribute to a potential price increase is the incentivization of participating through staking rewards. This development may incentivize users to hold and use ADA on Cardano’s network, contributing to its bullish momentum The launch of Milkomeda and the integration of the EVM into Cardano’s infrastructure represents a major milestone for the platform and the broader blockchain ecosystem. This development is expected to increase trust in the project among its users and investors and potentially contribute to the bullish momentum of ADA’s price. Furthermore, according to a recent Twitter post by the crypto analytics platform Santiment Feed, Cardano has been showing signs of “mild decoupling” from the broader cryptocurrency market this week, meaning that its price movement is not necessarily following the pattern of the largest cryptos in the market.  In the past few days, Cardano’s price has increased by over 8%, a significant gain in a relatively short time. This can be attributed to positive market sentiment and increased demand for the token.  Another notable trend in Cardano’s ecosystem is the accumulation of ADA by addresses holding 10,000 or more coins, according to Santiment. Over the past five months, these addresses have accumulated 1 billion ADA, equivalent to 3.3% more coins. This suggests that large investors are bullish on Cardano’s prospects and are accumulating ADA in anticipation of future price increases.  Related Reading: USD Losing Its Reserve Status? What It Means For Bitcoin Featured image from Unsplash, chart from TradingView.com

Cardano (ADA) Faces Key Resistance Level At 0.385, Will It Break Through?

Cardano, the seventh-largest cryptocurrency by market capitalization, has been making steady progress towards achieving scalability, and the upcoming Hydra upgrade is poised to take it to the next level.