Smaller Investors Driving Bullish Momentum for Cardano (ADA) Accumulation in 2023
Despite recent reversals, Cardano (ADA) has seen bullish momentum in 2023, driven primarily by smaller investors accumulating the cryptocurrency. These investors, holding between 1,000-100,000 coins, have steadily increased their holdings over the past six months, while larger investors holding between 10,000,000-100,000,000 coins have seen significant drops in their holdings.
Cardano (ADA) Shows Healthy Transaction Growth Despite Market Slowdown Thanks to Layer 2 Scalability Network Hydra
Despite the recent market slowdown, Cardano's transaction metrics have shown healthy growth, indicating potential for the network. While retail buyers have been interested in ADA, larger investors have yet to join in. The network's transaction count has rebounded by 33.45% from its lowest point in the past year, and transaction volume has reached a three-month high. The layer 2 scalability network called Hydra is expected to continue to grow positively. However, the largest whale category has reduced their holdings since mid-May, contributing to sell pressure and lower investor sentiment.
Cardano Blockchain Partners with Swiss Startup Acredius to Promote Financial Inclusion and Advanced Technology
Cardano Blockchain has partnered with Swiss-based startup Acredius to promote financial inclusion through advanced technology. The collaboration will allow Acredius to explore the integration of its services with blockchain technology and expand its offerings to customers in the region and beyond. As the deal goes live, Acredius' customers will have access to the Cardano token to make direct investments in SMEs located in Switzerland. This alliance would promote better investment portfolio transparency, provide access to innovative solutions, improve security, and build trust. Cardano remains focused on improving scalability and contesting the supremacy of the Ethereum network as the leading blockchain for decentralized applications.
Cardano’s Explosive Network Developments Fuel Speculation for $1 ADA Price Milestone
Cardano is experiencing significant growth following notable developments within its network, including scaling efforts with the release of the first mainnet-compatible Hydra node version and the commencement of Voltaire workshops.
Cardano Experiences Significant Growth with Key Advancements and Impressive Numbers in Latest Weekly Development Report
Cardano's network is expected to experience significant growth due to recent developments. The Hydra team achieved important milestones in scaling efforts, addressing critical issues before integrating Hydra Head with real ADA.
Cardano Price Analysis Shows Bearish Run in Sideways Trend
Cardano's price has continued its bearish trend, remaining below the $0.40 resistance point since May 6. The cryptocurrency has experienced a series of downward and horizontal movements, with trading volume dropping by 9 percent over the past 24 hours. The larger cryptocurrency market has also shown a downtrend, with Bitcoin and Ethereum both dropping in value.
DigiToads and Cardano: Secure Options for Investors Despite Regulatory Scrutiny
Regulators have been focusing on exchange platforms due to their direct relationships with retail investors, as the crypto market continues to expand. The Security and Exchange Commission (SEC) has been the primary regulator, categorizing most top crypto coins as securities, putting them under SEC authority. This has led to increased regulatory scrutiny for dozens of cryptocurrencies and exchange platforms. However, DigiToads (TOADS) and Cardano (ADA) are secure and serious options for investors, with DigiToads dominating the meme coin market and Cardano gaining renewed interest from the bulls. Both offer unique features and long-term value for investors.
Swiss Fintech Platform Acredius Launches on Cardano Blockchain for SME Investment and Tokenization of Loans
Swiss lender Acredius has launched on the Cardano blockchain, allowing investors to use the native token ADA to invest in small and medium-sized businesses (SMEs). The integration also enables the tokenization of loans through smart contracts, making it easier for retail investors to participate in the lending market.
Cardano Price Analysis: Bearish Market Sentiment Continues with ADA Facing Resistance at $0.3723
Cardano's price analysis indicates a bearish market sentiment, with the value of ADA declining to $0.3655 and facing increasing bearish pressure. Despite weak buying pressure at the $0.3723 resistance level, ADA's support is currently at the $0.3645 mark.
Cardano DeFi Total Value Locked Hits 400M ADA Milestone
The total value of assets locked on Cardano's decentralized finance ecosystem reached an all-time high of 417.7 million coins on May 14, indicating a thriving DeFi ecosystem. The TVL has since dropped to 409.86 million coins, but DeFi activities on Cardano have consistently grown since the start of the year. Minswap is the dominant DeFi protocol on Cardano, accounting for $55.7 million of the total TVL. Over 1000 Plutus V1 smart contracts have been recorded on Cardano in 2023, but the activity level still pales significantly compared to Ethereum. Despite the increase in network activity and TVL, ADA continues to trade under $1.
