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Cardano News
Crypto-News-Flash
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Trump’s Treasury Secretary Pick Sparks XRP and ADA Price Rally
- President-elect Donald Trump has appointed Scott Bessent, founder of the hedge fund Key Square Group, as the next Treasury Secretary.
- The crypto market surged as Trump appointed Bessent, with positive remarks from Ripple CEO and Cardano founder boosting XRP and ADA prices.
- Ripple CEO Brad Garlinghouse expressed optimism about Bessent's appointment, suggesting a bullish future for XRP and a potential resolution to the SEC lawsuit.
- Cardano (ADA) also experienced a price rally, reaching $1.16 and driven by speculation about a new blockchain-based voting system in the US along with positive sentiment from the appointment of a crypto-friendly Treasury Secretary.
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TheNewsCrypto
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Cardano Breaches $1 as On-Chain Metrics Signal Strong Holder Confidence
- Cardano (ADA) breaches $1 for the first time since April 2022, trading at $1.09 with a 24% surge and 131% increase in trading volume.
- 71% of ADA addresses (3.15 million) report unrealized profits, indicating improved profitability for holders.
- Long-term holder activity surges, with a monthly peak of 86.91 billion age-consumed metric, suggesting strategic repositioning by veteran holders.
- Technical analysis points to strong upward momentum, with $1.24 as the next target and $1.00 as critical support.
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Bitcoinist
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Cardano Price Rumbles On, Breaks $1 For The First Time Since 2022
- Cardano price has broken the $1 mark for the first time since 2022.
- The ADA token has tripled in market capitalization in the last 17 days.
- Significant profit-taking activity has been observed, potentially impacting short-term price momentum.
- Increased social media discussions and FOMO sentiment could contribute to a slight correction.
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TronWeekly
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Cardano’s Surge to $1 Sparks Analyst Optimism: Bigger Gains Ahead?
- Cardano (ADA) has crossed the $1 mark for the first time since April 2022, showing a 24.71% increase.
- Whale activity and $22 billion daily transactions boost ADA's price and market confidence.
- Analysts predict minimal resistance, with ADA potentially reaching $1.2 and long-term targets up to $15.
- Cardano's recent rally has sparked discussions about its future, with some believing it's just the starting point for an extended bull run.
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TronWeekly
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ADA to $6? Cardano Gains Momentum with Massive Whale Accumulation
- Cardano's market cap has tripled in just 17 days, nearing $1.00 for the first time since April 2022.
- Whale activity has surged, with daily transactions exceeding $22 billion.
- A bullish technical pattern suggests a potential price target of $6.
- Cardano's social sentiment is at its highest level in close to a year.
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TheNewsCrypto
2M
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Is Cardano Eyeing $2 as Its Next Resistance Level?
- Cardano (ADA) has surged to $1.14, its highest value since April 2022, marking a 215% increase over the month.
- ADA's open interest has reached $991 million, the highest level since April 2021, indicating increased participation from institutional and retail traders.
- Cardano's rally was fueled by the announcement of SEC Chairman Gary Gensler's departure, boosting investor confidence and sparking buying activity.
- If ADA surpasses its resistance at $1.14, analysts predict targets at $1.25 and $1.53, potentially leading to a surge in price towards the $2 level.
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Cryptoticker
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Cardano Price Prediction: ADA Price Breaks $1 Amid Renewed Crypto Optimism
- Cardano (ADA) breaks through the $1 barrier, reaching $1.13 amidst renewed crypto optimism.
- ADA had been consolidating between $0.35 and $0.45 before this rally.
- Optimism in the cryptocurrency market and pro-crypto sentiments in the US are driving the surge.
- ADA's next price targets are $1.20 and $1.50, with potential support zones at $0.92 and $0.81.
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Bitcoinik
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Cardano Founder Slams Wyoming for Snubbing $ADA Team in Wyoming Stablecoin Project
- Charles Hoskinson, founder of Cardano, expressed his anger towards Wyoming officials for not recognizing the Cardano developer team for the Wyoming stablecoin project.
- Despite being the home state of the Cardano founder, Wyoming excluded Cardano from the list of crypto projects considered for the development of Wyoming's stable token.
- Hoskinson speculated that the decision may be influenced by the presence of venture capital backing other projects on the list.
- Hoskinson criticized the opaque selection procedure and indicated potential opposition during the election, along with the possibility of considering litigation.
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Zycrypto
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Cardano Whale Holdings Surge by 250% – Is a $3 ADA All-Time High Price Imminent?
- Cardano (ADA) has rallied by more than 120% in November, reaching its highest price since May 2022 at $0.97.
- Cardano whale holdings have increased by over 250% in the past month, signaling a bullish sentiment.
- Retail traders hold a significant amount of ADA, and their volumes are crucial for supporting a price recovery.
- Short sellers of Cardano have witnessed a significant liquidation surge, adding more buying pressure on ADA.
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Crypto-News-Flash
2M
349
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Cardano Hits Multi-Year High: Whale Accumulation and Institutions Fuel ADA Surge
- Cardano (ADA) has surged by 90%, reaching its highest point since May 2022.
- Whales are accumulating ADA, with an estimated $12 billion worth of the cryptocurrency held by whales.
- Institutional demand for ADA is growing, reflected in a 30% increase in large transactions involving the asset.
- Analysts predict that if the bullish momentum continues, ADA could rise to $15.
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21 Likes
Crypto-News-Flash
2M
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XRP, Cardano, and Stellar Lead Altcoin Rally Amid Bitcoin’s Historic Run
- Altcoins like XRP, Cardano (ADA), and Stellar (XLM) are leading the rally amid Bitcoin's historic run.
- XRP has surged over 72% in the past week, reaching a market capitalization of $79.8 billion.
- Cardano's ADA increased by 40.89% in the past week, with a market cap of $30.4 billion.
- Bitcoin has surpassed $98,000 and analysts believe it may reach $200,000 by 2025.
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TheNewsCrypto
2M
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Cardano’s ADA Hits 2.5-Year High as Whales Surge 300%
- Cardano’s ADA reached a 2.5-year high of $0.90, gaining 152% this month.
- Whale holdings now exceed $12 billion, indicating strong accumulation.
- Cardano's ADA is currently trading at $0.8853, its highest level since May 2022.
- Whales, institutional interest, and capital rotation from Bitcoin contribute to ADA's rise.
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TheNewsCrypto
2M
321
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Cardano’s Critical Support Level Could Determine Next Major Rally, Says Analyst
- Cardano needs to hold $0.72 for continued bullish momentum
- ADA retraces 8% from recent multi-year high
- Analysts project targets ranging from $1.36 to $6
- Cardano's critical support level at $0.72 must be maintained for upward momentum
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Bitcoinist
2M
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Cardano Founder Reveals His Pick For Trump’s ‘Crypto Czar’ – And It’s Not Him
- Cardano founder Charles Hoskinson has endorsed Coinbase CEO Brian Armstrong for the role of 'Crypto Czar' in the US government.
- Hoskinson believes Armstrong's neutrality, understanding of crypto, and ability to bring the industry together make him ideal for the role.
- Hoskinson is focusing on influencing policy from the legislative branch and plans to launch 'Operation Baseline' to identify areas of improvement in the US crypto industry.
- The goal is to make America the best place for cryptocurrency and blockchain businesses.
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Cryptoticker
2M
413
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Cardano Price Soars 42% in a Week: Is the Momentum Shifting?
- Cardano (ADA) has experienced a 42% rise in just seven days, capturing global investor attention.
- A 5% decline over the past 24 hours raises concerns about a potential loss of momentum.
- Cardano's price targets include $0.85 and $1.00 if the bullish trend continues, with potential support at $0.68 and $0.61 if bearish momentum persists.
- Investors are advised to exercise caution given the dependence on Bitcoin's performance and the possibility of further market corrections.
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