ADA, the native currency of Cardano, formed a classic bearish ‘head and shoulders’ pattern weeks back (I explained that in this article). The cryptocurrency was really struggling to achieve a renewed rally as it was trading below the 50-day moving average and 99-day moving average. Many analysts predicted a bullish-to-bearish trend reversal for ADA which had outperformed BTC and ETH in this bull run so far. In the crypto market, the performance of altcoins is often dependent on BTC and this time BTC showed a new vigour and started to trade above its 200-day moving average. ADA also crossed its crucial 1.4 USD resistance quite swiftly. The cryptocurrency is currently trading above 2.1 USD and dethroned BNB from the number three rank as per market capitalization. What worked for ADA?
Smart contracts has ability to ease the pressure on projects. No wonder why Cardano started to rock. I also like efforts of the team, and I'll continue keeping an eye on the project until Alonzo update launches.
Smart contracts give us users autonomy, security and time savings. That's why it's important to us. ADA is a very important project, I am not surprised that ADA took the third place of BNB. I love NFTs and any project with them excites me. It's good news that Cardano is starting something on NFT. The continuation will come. I'm looking forward to it.
ADA is one of the few cryptocurrencies that I follow constantly. Academia and academic research interests me. This is why Cardano's advancement with academic research attracts me. Therefore, progress is likely to be slow.
However, as someone who thinks about the long term rather than the short term, I find this progression more accurate. It is progressing slowly but surely with academic research. It is sure to be much more successful in the long run that way. The more people understand and support the project, the better ADA will be. As a result, ATH is also easily accessible.
I will be following your comments and analysis on Cardano. Thank you for the article!
self-proving coins are slowly but surely rising, ADA is one of them.
The volume of BNB is now ahead of ADA, as the exchange coins have increased in popularity, but after reading the article, we can understand that the Cardano team is working and keeping up with the technology.
It does feel like there has been a lot of expectation around Cardano for a long time. It seems to create division in that there are many long-term holders and followers, whilst it also attracts a lot of FUD. Lets hope that the excitement around the forthcoming roll-out of smart contract support and the Alonzo upgrade is justified, as if it is, then it really might become a contender against Ethereum.
The Cardano team is a very good team. He's got a name on a lot of projects. He helps with small projects. Currently, when you look at the CMC, the BNB is ahead by a very small margin.
Most of my investment is in BNB. But I always wanted there to be competition. When I talk to my friends, I sometimes say that I wish that the BNB would fall a little, but the competition would increase. If there is a competitive environment, crypto will develop. Otherwise everything remains stable.
Let's see what happens in September. I hope good things happen for the crypto world.
I have some ADA investments. Because I trust the project and its team.
It's a world-renowned project and its community is always advocating for it.
This is an important factor. Community is everything to me. As you research a project, its community tells you about it.
If only people who think about themselves. A community that does not own it cannot survive long anyway.
But I think no one can destroy a community that is knowledgeable, knows what it is doing and defends its project for the project.
Yes Fundamental analysis is not limited to these. The smart contracts it makes and the freedoms it gives to its users also show that it has a solid footing in this market.
We should research this project, which gains value slowly and steadily, and wait patiently and see our profit.
Thanks for the article. I wish everyone a good day.
Cardano is also a good project. He keeps himself up to date. He's started the year great. And I think it will continue. Smart contracts are a great move.
It's amazing to pass a crypto like Bnb. Behind it is the world's largest network. And the most widely used crypto network.
If he even managed to get past that, it means he's doing good things. I mean, I just thought of it as someone who didn't know.
Cardano is playing the long game. Slowly but surely. Some people bash them for that because they want to get rich quick, there's other coins to try that.
I have invested in ADA not long ago but ya few months have passed and if anyone would ask me that should he/she invest in ADA or not My only reply would be that Do You Have Patience ?
If you are a regular trader then ADA is not for you but if you can wait and you are looking for a long term investment don't think twice just do your self research and put in your investment in ADA
I hold some ADA for longtherm and here is why: Iam Fan from the proof of Stake system with votin posibilty when the chain is still in production. that way you as a holder or liquidity provider can vote what steps the developmentpart should focus on. i would say it is a semi risky investment. in the past month there are more and more companies switching over to ADA. ADA have a great future and im excited what ways they will take.
There are really valuable projects in the Cardano ecosystem. I think ADA is a coin that should be in everyone's portfolio. I believe it will make many X s soon.
Smart contracts has ability to ease the pressure on projects. No wonder why Cardano started to rock. I also like efforts of the team, and I'll continue keeping an eye on the project until Alonzo update launches.
Thanks for the update!
Smart contracts give us users autonomy, security and time savings. That's why it's important to us. ADA is a very important project, I am not surprised that ADA took the third place of BNB. I love NFTs and any project with them excites me. It's good news that Cardano is starting something on NFT. The continuation will come. I'm looking forward to it.
Thanks for the article!
ADA is one of the few cryptocurrencies that I follow constantly. Academia and academic research interests me. This is why Cardano's advancement with academic research attracts me. Therefore, progress is likely to be slow.
However, as someone who thinks about the long term rather than the short term, I find this progression more accurate. It is progressing slowly but surely with academic research. It is sure to be much more successful in the long run that way. The more people understand and support the project, the better ADA will be. As a result, ATH is also easily accessible.
I will be following your comments and analysis on Cardano. Thank you for the article!
self-proving coins are slowly but surely rising, ADA is one of them.
The volume of BNB is now ahead of ADA, as the exchange coins have increased in popularity, but after reading the article, we can understand that the Cardano team is working and keeping up with the technology.
thanks for reading
It does feel like there has been a lot of expectation around Cardano for a long time. It seems to create division in that there are many long-term holders and followers, whilst it also attracts a lot of FUD. Lets hope that the excitement around the forthcoming roll-out of smart contract support and the Alonzo upgrade is justified, as if it is, then it really might become a contender against Ethereum.
The Cardano team is a very good team. He's got a name on a lot of projects. He helps with small projects. Currently, when you look at the CMC, the BNB is ahead by a very small margin.
Most of my investment is in BNB. But I always wanted there to be competition. When I talk to my friends, I sometimes say that I wish that the BNB would fall a little, but the competition would increase. If there is a competitive environment, crypto will develop. Otherwise everything remains stable.
Let's see what happens in September. I hope good things happen for the crypto world.
Thanks for the nice post.
I have some ADA investments. Because I trust the project and its team.
It's a world-renowned project and its community is always advocating for it.
This is an important factor. Community is everything to me. As you research a project, its community tells you about it.
If only people who think about themselves. A community that does not own it cannot survive long anyway.
But I think no one can destroy a community that is knowledgeable, knows what it is doing and defends its project for the project.
Yes Fundamental analysis is not limited to these. The smart contracts it makes and the freedoms it gives to its users also show that it has a solid footing in this market.
We should research this project, which gains value slowly and steadily, and wait patiently and see our profit.
Thanks for the article. I wish everyone a good day.
Cardano is also a good project. He keeps himself up to date. He's started the year great. And I think it will continue. Smart contracts are a great move.
It's amazing to pass a crypto like Bnb. Behind it is the world's largest network. And the most widely used crypto network.
If he even managed to get past that, it means he's doing good things. I mean, I just thought of it as someone who didn't know.
Thanks for the article.
Have a nice day.
Cardano is playing the long game. Slowly but surely. Some people bash them for that because they want to get rich quick, there's other coins to try that.
I see a similarity between Cardano (ADA) and EOS in one respect.
have a solid development team and a very trusting community.
Some good things take time to happen.
ADA can be evaluated in this respect.
It is certain that ADA will further consolidate its position in the market in the coming years.
because they work really well for that.
With smart contracts and new breakthroughs in financing new projects, ADA is moving towards an all-time high.
We have to stay on track and make it useful for ourselves.
Thank you for your great article.
I have invested in ADA not long ago but ya few months have passed and if anyone would ask me that should he/she invest in ADA or not My only reply would be that Do You Have Patience ?
If you are a regular trader then ADA is not for you but if you can wait and you are looking for a long term investment don't think twice just do your self research and put in your investment in ADA
Thanks for an amazing Article Paragism ❤️
I hold some ADA for longtherm and here is why: Iam Fan from the proof of Stake system with votin posibilty when the chain is still in production. that way you as a holder or liquidity provider can vote what steps the developmentpart should focus on. i would say it is a semi risky investment. in the past month there are more and more companies switching over to ADA. ADA have a great future and im excited what ways they will take.
I think ADA will be on the rise with the Alonzo Purple upgrade coming on September 12th.
Smart contract capability was essential for ADA, and it's very good to come.
Project Catalyst Fund6 is very ambitious with a solid staff, I think they will be successful.
There are really valuable projects in the Cardano ecosystem. I think ADA is a coin that should be in everyone's portfolio. I believe it will make many X s soon.
Thanks for the article.
In love with ADA rn!