Cardano price analysis: ADA swiftly returns back to $0.44, reversal next?

Cardano price analysis is bullish today as we have seen a strong drop earlier today, with previous support at $0.44. Since then, ADA/USD has reacted higher, indicating that more upside will follow over the next 24 hours.

Timeline of Cardano

Cardano (ADA) is getting closer to launching its highly anticipated Vasil network upgrade, which aims to scale and improve the overall user experience. According to Cardano development firm Input Output Hong Kong (IOHK), the project will begin the process of hard-forking from the testnet to the mainnet on July 3rd, which will take at least The post Big Cardano (ADA) Upgrade Set To Go Live, According to Developers – Here's the Timeline appeared first on The Daily Hodl.

A leading crypto analytics firm says trader sentiment on Cardano (ADA) isn't high right now, but that could quickly change. In a new analysis, Santiment notes Cardano is currently witnessing the highest amount of unique addresses interacting on its network in a year. “On top of this, sentiment on social platforms has fallen to a The post Cardano FOMO Could Return Quickly, According to Blockchain Analytics Firm Santiment – Here's How appeared first on The Daily Hodl.

PRESS RELEASE. The cryptocurrency industry has certainly become oversaturated with hundreds of crypto projects being established everyday with many of them failing before ever reaching any significant milestone. The mass success of the industry has led to many believing they can achieve that very same amount of success despite not putting in as much work

Cardano ($ADA) has seen its development activity surpass that of other major cryptocurrencies over the past 30 days as the prices of most top assets in the digital currency space plunge and ADA itself is managing to hold onto the $0.50 level. According to data from cryptocurrency analytics firm Santiment, Cardano's development activity, which tracks

According to DeFi Llama, WingRiders (WRT) is now the leading DeFi protocol on Cardano by Total Value Locked (TVL). The post This is why WingRiders is now the leading Cardano DeFi protocol appeared first on CryptoSlate.

The price of Cardano (ADA) is in a downward correction, but consolidating in a narrow range between $0.44 and $0.55 price levels. The upward movement was limited by the 21-day line SMA. On June 26, the cryptocurrency was bumped off the 21-day line SMA as the altcoin resumed its downward movement.

On Tuesday (June 28), French cryptocurrency hardware wallet manufacturer Ledger has finally added support for Cardano ($ADA) to the mobile (Android) version of Ledger Live, the application for managing cryptoassets on Ledger devices. Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It currently makes three crypto hardware wallets: Ledger Nano X,

Cardano [ADA], the eighth-largest blockchain in the world has enjoyed huge attention from developers. According to data harvested from GitHub, Cardano registered the highest level of daily developer activity in 2021.

Kaiko, Peaq, and Stella fantasy recently completed successful fundraising rounds, raising millions of dollars. In other news, CardanoVasil Upgrade is coming soon, and the Moroccan Central bank is working to create a crypto regulatory framework.

Over the past week, institutional investors in the cryptocurrency space shifted their bets away from Bitcoin ($BTC) and moved into Ethereum ($ETH) and Cardano ($ADA), which along with a product shorting BTC saw positive inflows. These inflows came during a week in which digital asset investment products saw outflows totaling $423 million, the largest since