Cardano (ADA) Could Moonshot After Coinbase Listing

2018-10-10 18:30

Chart for ADA/USD (1W)

Cardano (ADA) is the cryptocurrency with the highest probability of being listed next on Coinbase. Cardano (ADA), which is supported by IOHK, is the firm run by Charles Hoskinson, the founder of Cardano (ADA). They are known for their low key style. They focus more on development and less on marketing. Recently, IOHK along with ETC Dev succeeded in getting Ethereum Classic (ETC) on Coinbase. That listing did surprise a lot of people when Ripple (XRP) was bypassed. However, the fact of the matter is that Coinbase has grown too big to toy around. They are only listing projects that have long term potential. Cardano (ADA) is one of those projects.

The above chart for ADA/USD on the weekly time frame shows Cardano (ADA) in a strong downtrend. The price has failed to breach the downtrend yet. The current weekly candle lies right next to the downtrend line but it has failed to break above it thus far. However, the lower the ADA/USD falls, the easier it gets for Cardano (ADA) to break the downtrend resistance. If Cardano (ADA) breaks this downtrend, there is little doubt that it will break past $1 in a matter of weeks. Cardano (ADA) is one of those projects that are increasingly seeing institutional interest. The price had an extensive correction and is now ready for a trend reversal. RSI on the above chart seems to have bottomed out. Weiss wave volume profile on the above chart shows that the bearish momentum is lost.

Chart for ADA/BTC (1W)

Cardano (ADA) is considered an overvalued and overhyped project according to its critics. This is mainly because there are not a lot of tangible features to see. Most investors like to think of platform coins in terms of the number of Dapps that have been built on them or its market cap. So far, the interest in Cardano (ADA) from retail investors seems mainly due to its market cap. They believe it’s a top ten coin with a lot of room for growth. However, not many of them endeavor to actually understand the tech behind this wonderful project. After Eos (EOS), Cardano (ADA) seems to be the top ten coins with the most satisfied investors.

Cardano (ADA) is one of the few top ten coins that have already broken its downtrend against Bitcoin (BTC). The current weekly candle on the ADA/BTC weekly chart above has already opened above the downtrend resistance and is expected to close above it. The volume for ADA/BTC has been on a steady decline but buyers are rushing in as the market recovers. We have seen a growing number of institutional investors and family offices show a strong interest in top ten coins. This is not just due to their stability, low risk or high liquidity. In fact, we have seen top ten coins like Tron (TRX) being completely ignored by institutional investors despite having the above qualities. Cardano (ADA) on the other hand has seen interest mainly because of its tech and long term potential.

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The post Cardano (ADA) Could Moonshot After Coinbase Listing appeared first on Crypto Daily™.

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ada cardano above downtrend chart coinbase coins

Источник: cryptodaily.co.uk

ada cardano → Результатов: 126


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Cardano (ADA) Drops 26.96%, Investors Shift Portion Of Their Portfolio to New A.i Driven Token O2T Before BTC Halving

In a significant market movement, Cardano (ADA) has seen a sharp decline of 26. 96%, prompting investors to reassess their portfolios. As the crypto community braces for the upcoming Bitcoin halving, many are turning to emerging technologies, such as the AI-driven token from Option2Trade (O2T), which offers a promising alternative to traditional investments like Cardano (ADA).

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Cardano за неделю упал более чем на 10%

Cardano (ADA) оказался на самом низком уровне с 26 февраля. За неделю его стоимость упала более чем на 10%. В ночь на четверг, 4 апреля, курс ADA опустился до $0,579. В марте альткоин торговался на максимальном уровне с 5 мая 2022 года.

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Cardano Mirrors Previous Bull Cycle: Analyst Eyes $10 for ADA If This Happens

Cardano (ADA), the popular smart contract platform, is showing signs of a potential bullish continuation as its price action appears to be mirroring patterns observed in its previous bull cycle. As ADA consolidates above key support levels, traders and analysts are growing increasingly optimistic about the token’s prospects, with some even suggesting a potential parabolic […] The post Cardano Mirrors Previous Bull Cycle: Analyst Eyes $10 for ADA If This Happens appeared first on CaptainAltcoin.

2024-3-6 22:15


Артур Хэйес назвал токен ADA «собачьим дерьмом»

Экс-CEO BitMEX Артур Хэйес назвал нативный токен блокчейна Cardano (ADA) «собачьим дерьмом» из-за низкого использования в протоколах. For all you $ADA believers, what dAPP on this list originally launched on Cardano, or has a Cardano offering that is heavily used? From my very limited knowledge, looks like none of them do. That's why $ADA is […]

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