TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

Cardano Price Falls Out Of Rangebound Stage! Time to Buy the Final ADA Dip? – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
November 16, 2021
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


Highlights: 

  • Cardano’s price falls out of the tight consolidation range, the latest dip would be an opportunity to acquire more ADA. 
  • Cardano ecosystem has managed to claim the second position in capturing new fundings. 

The entire crypto market cap has seen bleeding with an erratic move since the start of the week. The majority of the projects across the space have seen a sharp price erosion plunging the total market cap to $2.62 trillion with a 9% dump in 24 hours. However, proponents and enthusiasts remain optimistic about the future potential of crypto coins. 

US inflation in the last week appears to have acted as a catalyst for the crypto space. The reports from Coinshare confirm the same in their new weekly report. Bitcoin gains traction of massive institutional interest with a lock of record sum of around $97 million over the past week. Impressively, Cardano held the second position after the flagship asset with a $16.4 million inflow of funds.

Cardano Tops the List Of Most Active Chains!  

The rise in the developments across the Cardano ecosystem blazing the trail for the upcoming price action. With 18.24 billion in transaction volume, ADA flips Ethereum claiming the second position among the most active chains on Monday. Whereas, Bitcoin records 21.67 billion in transaction volume holding the first position. 

Notably, Ethereum has been one of the top performers with robust smart-contract functionality. The Cardano network activity could justify its self-claimed tag of “Ethereum killer” if it continues to dominate against ETH in the coming days.

You might also like

Where to Buy ETH Online?

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

Meanwhile, Cardano co-founder Charles Hoskinson shares his excitement post the latest achievement. And he is very optimistic about the future price action. In addition one of the ADA proponents is seen as extremely bullish on the asset and proclaimed the latest dip as the last chance to buy the dip. 

Cardano price appears to have come out of the range-bound stage with the recent dip. Though the price surfaces a correction around the $1.90 price range, the breakdown would plunge the price by another 15 to 20%.

On the contrary, if the ecosystem manages to drag the traction of massive institutional investments in the next couple of weeks, it would claim a new ATH of around $3.80.  



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Biden administration will announce a diplomatic BOYCOTT of the Beijing Winter Olympics in 2022

Next Post

Bitcoin moderates its fall to 5% with the opening of Wall Street By EFE

souhaib

Recommended For You

Where to Buy ETH Online?

by souhaib
March 21, 2022
0
Where to Buy ETH Online?

Have you decided to invest money in ETH? It’s a good choice as Ethereum is a leading coin in the crypto market. It has a great potential to...

Read more

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

by souhaib
March 8, 2022
0

There are some biggest cryptocurrency exchanges in the market that are known and used all around the globe. However, these platforms offer various services and are not suitable...

Read more

Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
February 7, 2022
0

With the Bitcoin price gaining huge strength, the entire crypto space is gaining a good bullish momentum. And hence as the Ethereum price comfortably hovering above $3000, the...

Read more

Where to buy SuperFarm (SUPER) coin: it is up 24% today after Coingecko listing 2021

by souhaib
February 7, 2022
0

The price of the SuperFarm (SUPER) coin has been rising since mid-January and the bullish momentum gathered momentum after today’s listing on Coingecko. To help investors and traders...

Read more

Cardano(ADA) Looking for a Breakout, A Scalp to $1.23 May be Extremely Possible! – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
February 7, 2022
0

The Cardano(ADA) price had plateaued after falling down from a huge mountain. The top 6th crypto asset in recent times has accumulated significant gains and may continue surging...

Read more
Next Post

Bitcoin moderates its fall to 5% with the opening of Wall Street By EFE

No Result
View All Result

Recent Posts

  • NBA PlayOffs 2022: Doncic: “When Kroos wins the Champions League, he will be here supporting us”
  • Women at work: The club that says no at work | Opinion
  • California is experiencing a water crisis, while its use increases
  • In the United States, “people from minorities are most likely to feel the impact of an abortion ban”
  • Kendall Jenner and Devin Booker share a rare glimpse of their relationship while playing board games

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.