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Shiba Inu Army Keeps Burning Despite Price Dip, 374M SHIB Destroyed

Cardano stood out over the weekend with its native cryptocurrency ADA reaching a new all-time high of US$2.46 even as most of the crypto market remained engulfed in a sea of red, with the entire cryptocurrency market losing over US$300 billion in value. Ada crypto news After rebounding at the short term .618 Fibonacci Retracement level (drawn in green) priced at $0.060 at the start of May 2019, the cryptocurrency went on to surge much further higher to reach the resistance at the 1.618 Fibonacci Extension level (drawn in dark blue) priced at $0.09398. This area of resistance had also provided strong resistance for the market during April 2019. ADA/USD had even managed to spike into the $0.1 area but failed to hold at this level.

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Vancouver Island University professor Ajay Shrestha expects ADA to be worth just $0.30 by year’s end, noting the external pressures on the broader cryptocurrency market. However, he thinks ADA could lift to $4 within the next few years. “We are experiencing losses in both crypto and equity,” he added. Cardano (ADA) up 17%, Here's Why It Is Ready for Next Rally This is surprising, considering that UniSwap also has significantly higher daily fees count, currently at $1 million, compared to ADA’s $10,000.

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XRP is demonstrating its resilience by maintaining an extraordinary 25-week streak of positive inflows, a remarkable feat considering the legal challenges it has faced. Cardano (ADA) is also gaining attention with an influx of $6 million from institutional investors. Cumulatively, these three cryptocurrencies have amassed $59 million, $15 million, and $6 million in investments year-to-date, solidifying their status as the preferred choices among institutional investors. Stay on top of crypto news, get daily updates in your inbox. When the token became publicly tradable, ADA’s price was $0.02. Within 96 days, prices skyrocketed to their previous all-time high of $1.31 in tune with the rest of the crypto market during the 2017 crypto bull run.

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One of the reasons why it is worth buying ADA is using it for staking to receive a reward every month. No additional actions are required to stake ADA on CEX.IO. You just need to have some Cardano on your balance and your reward will be calculated automatically. The reward will also be distributed automatically at the end of the staking period. The amount of reward depends on how many coins you have on your balance. LINK Overdue for a Correction as Sell Signals Emerge: Analyst As stated in a blog post, Cardano (ADA) on-chain staking has launched in the crypto.com app in addition to the Avalanche (AVAX), Cronos (CRO), Ethereum (ETH), Solana (SOL) and Polkadot (DOT) blockchains.