Cardano (ADA) Poised for a Game-Changing Move?

Gerolamo Cardano, an Italian polymath, inspired the development of the Cardano, which debuted in 2017. Charles Hoskinson, the creator of ADA, revealed details about the Alonzo hard fork in August 2021. ADA has come a long way since its inception, making numerous strides and developments along the way.

Crypto Capital Venture founder Dan Gambardello has recently released a dedicated video on Cardano. Gambardello stated that a major move is incoming.

Cardano is now at crossroads, says Gambardello

Gambardello addressed recent news that has been circulating that some swaps on Cardano-based decentralized exchanges take up to 30 minutes to complete. He defended Cardano-based DEXs and stated that he has never experienced such issues.

In the 12-minute video, Gambardello shared his analysis that ADA is now at a crossroads as he has observed a sideways price movement. According to him, ADA could either explode upward or plunge down, with the scope to witness a rebound.

However, he stated that if ADA diverges from a bear market low scenario, that will be a bullish confirmation. According to CoinMarketCap data, ADA is trading at $0.3572, with a 1.5% drop in value over the last 24 hours. ADA has also been affected due to the recent market chaos.

  • ADA
  • Cardano

Comments

Post a Comment

Popular posts from this blog

Iran completes pre-pilot phase of central bank digital currency

The Central Bank of Iran progresses with CBDC development in anticipation of the Bank of Russia’s governor Elvira Nabiullina’s visit. Iran is moving forward with its central bank digital currency (CBDC) plans, completing preliminary research for the launch of a potential digital rial. The Central Bank of Iran (CBI) has successfully completed a pre-pilot phase in the development of Iran’s CBDC, according to an official statement by CBI’s research arm, the Monetary and Banking Research Institute (MBRI). Mohammad Reza Mani Yekta, head of the CBI office for supervising payment systems, announced the news at the ninth annual conference on electronic banking and payment systems on Feb. 20. He noted that Iran’s central bank plans to increase the scope of the CBDC pilot in the country’s payment system, but doesn’t want to rush its implementation. “The pre-pilot phase ended successfully with valuable achievements. The project will soon be launched in other ecosystems and will be used by mo...
Read more

5 Cryptocurrencies Outperforming Others in the Top 100

Image
WLD’s successful rise above the $8 resistance could trigger a jump toward $10. AR might slip below $20 while selling pressure could lead PEPE down to $0.0000013. Increased buying pressure could send FET above $2 while FLR’s momentum had turned bearish. Over the last few weeks, the broader crypto market has experienced major upside with Bitcoin (BTC) hitting $64,000 at one point. However, apart from Bitcoin’s jump, there have been several cryptocurrencies that have been in the spotlight and performed exceptionally. Here are the top five best-performing coins in the top 100. Worldcoin (WLD) Worldcoin’s (WLD) price increased by 217.82% in the last 30 days. At a particular time, the price of the token crossed $9. However, in the last seven days, the upward trajectory had cooled, and at press time, Worldcoin changed hands at $7.72. Based on the 4-hour WLD/USD chart sellers might have gotten exhausted with support appearing at $7.25. However, a build-up bac...
Read more

ChatGPT 4-o predicts Solana price amid ETF forecast for 2025

Image
Solana (SOL), currently the fifth-largest cryptocurrency by market capitalization, has experienced a notable price jump in the past 24 hours.  This rise is fueled by VanEck, a well-known New York investment management firm, filing an S-1 registration statement for its “VanEck Solana Trust,” marking the first attempt to launch a spot Solana exchange-traded funds (ETFs) in the U.S. In addition, Canadian firm 3iQ Corp recently filed a preliminary prospectus to introduce the Solana Fund (QSOL) in Canada. These filings have generated substantial interest and speculation about Solana’s future price trajectory.   Picks for you 3 cryptocurrencies to turn $100 into $1,000 for end of 2024 32 mins ago Here's Bitcoin's ...
Read more