Tag: ADA analysis

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Cardano Crisis Or Comeback? ADA’s Key Metric Hits Low, What This Means For Investors

April 26, 2024

Data from analytics platform IntoTheBlock have illuminated a troubling trend within the Cardano (ADA) network, showing a significant dip in ‘profitability’ for its holders. While cryptocurrencies like Bitcoin and TRX show a high percentage of holders in profit, Cardano stands in stark contrast, with only 35% of its holders currently seeing gains. This insight into…
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ADA Price Breakout: Analyst Predicts New All-Time High As Cardano Surges by 30%

March 1, 2024

Cardano (ADA), the ninth-largest cryptocurrency in the market, has experienced a significant price breakout, reaching $0.710 on Thursday for the first time since May 2022.  This marks a pivotal moment for ADA as it emerges from a prolonged consolidation phase encompassing the latter part of 2023 and the initial month of 2024. With the price…
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