The transaction volume seen on the Cardano ($ADA) network has recently gotten close to the $70 billion mark, surpassing the volume seen on the Bitcoin ($BTC) and Ethereum ($ETH) networks. Cardano’s surging volumes come as the total value locked on its decentralized finance (DeFi) apps tops $400 million. According to...
One of the leading Decentralized Finance (DeFi) protocols on the planet AAVE last week expanded its horizon by introducing AAVE V3 to the world. The reaction to this launch has been exceptional to the extent where the Dapp brought back lost investors and pushed the altcoin beyond expectations.
A descending trendline breakout reinforces the SHIB price attempts to rebound from the bottom support trendline. However, the shared resistance of $0.000025, 50-and-200-day EMA prevents the coin price from rising higher. The buyers need to gather enough bullish momentum during the ongoing retest if they want to overcome the overhead barrier.
Cardano ($ADA) has moved up over 8.6% over the last 24-hour making it the top-performing altcoins in said period, at a time in which the total market capitalization of the cryptocurrency space is once again near the $2 trillion mark. According to CryptoCompare data, ADA is outperforming most...
The altcoin market reacted well to the bullishness of Bitcoin in recent hours. Polkadot and XRP climbed past significant short-term levels, while Zcash presented areas where buying opportunities could arise. Dogecoin hinted at a possible lack of demand in the rally of the previous day.
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ADA price extends the previous session’s gains on Tuesday. ADA inches closer to moving beyond the critical $1.0 mark. After testing the swing highs of $1.63 in January, the price retraced 54% to the lows of $0.74. ADA price prints handsome gains following the previous week’s trend. A decisive close above $1.0 will produce another rally toward $1.40. The momentum oscillators favor the bullish outlook in the short term.
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