Cardano’s ADA went through quite a challenging and FUD-filled week recently. The cryptocurrency had started gaining some upside after weeks of subdued performance. However, the FUD around a bug found on its testnet weighed heavily on ADA, in addition to the bearish conditions last week.
ADA’s latest downside might turn out to be an opportunity though. This, because it presents an opportunity to buy at a discount, especially after last week’s crash. There were as many as 43 whale transactions worth more than $100,000 and at least 10 whale transactions worth more than $1 million on Saturday morning.Now, whale transactions did see a significant dip in the last 24 hours. However, the large transactions in the last 2 days occurred after ADA was already down by a significant margin. It would be uncharacteristic of whales to sell when the price is already down. Hence, the latest activity suggests that the whales are buying the dip.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Cardano investors should know this reason behind ADA’s 14% freefallCardano [ADA] developer Adam Dean recently took to Twitter to voice his grievances related to certain development issues that the altcoin is facing. As per his tweet dated 18 August, the developer blames a “bug” that “catastrophically” broke the Cardano network. The network version that was supposed to be “tested and ready” for the hard […] Theres no reason. Almost every altcoin have fallen. Stop saying nonsense please.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Cardano: How significant really is ADA’s turnaround potentialDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Cardano’s [ADA] recent up-channel trajectory saw an expected bearish breakout over the last few days. Losing the vital $0.53-level triggered a decline below the altcoin’s south-looking 20/50 EMA. The bulls can now aim to constrict […]
Source: CryptoAmb - 🏆 22. / 68 Read more »