Cryptocurrency news today
The accuracy of prediction models used by CoinCodex is heavily influenced by the amount of historical data available for a particular crypto asset. For example, we feel very confident in our projected price trends for Bitcoin and other crypto assets that have been trading for a considerable amount of time iguana egg cyberpunk. While we strive to provide the most accurate cryptocurrency price predictions possible, it’s important to note that you shouldn’t expect our models to be entirely accurate all the time. That’s especially true for predictions about crypto assets that have experienced erratic market behavior in the past or haven’t been trading that long.
Notably, however, this remains a theory at best, as the gold broke apart almost immediately. This means they were not able to collect any of the gold. Nonetheless, as science has proven in the past, ongoing research could present a breakthrough.
The U.S. Securities and Exchange Commission (SEC) finally approved the first ever spot Ethereum (ETH) exchange-traded funds (ETFs) in July. That development, however, hasn’t been the bullish catalyst Ethereum investors hoped it would be.
Cryptocurrency news cardano
Cardano price faced rejection around the daily resistance at $0.84 on May 13 and declined 10% in the next four days. This daily level coincides with the 50% Fibonacci retracement ( drawn from the March 3 high of $1.17 to the April 7 low of $0.51) at $0.84, making this a key resistance zone. However, ADA retested and found support around its 200-day Exponential Moving Average (EMA) at $0.71 on Sunday. At the time of writing on Tuesday, it trades slightly down at around $0.73.
In ADA’s case, Daily Active Addresses fell to 23,644 on Tuesday from 35,696 on May 14, extending a downtrend that started in early March. This indicates that demand for ADA’s blockchain usage is decreasing, which doesn’t bode well for Cardano’s price.
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Cardano price faced rejection around the daily resistance at $0.84 on May 13 and declined 10% in the next four days. This daily level coincides with the 50% Fibonacci retracement ( drawn from the March 3 high of $1.17 to the April 7 low of $0.51) at $0.84, making this a key resistance zone. However, ADA retested and found support around its 200-day Exponential Moving Average (EMA) at $0.71 on Sunday. At the time of writing on Tuesday, it trades slightly down at around $0.73.
In ADA’s case, Daily Active Addresses fell to 23,644 on Tuesday from 35,696 on May 14, extending a downtrend that started in early March. This indicates that demand for ADA’s blockchain usage is decreasing, which doesn’t bode well for Cardano’s price.
Latest cryptocurrency market news
Cardano (ADA) is another cryptocurrency worth monitoring. Renowned for its research-driven approach, Cardano focuses on sustainability and scalability. Its layered architecture allows for greater flexibility in executing smart contracts while prioritizing security. Given its community-driven development model and emphasis on compliance, Cardano has attracted institutional interest, which may drive its long-term growth.
“Jupnet is a really big lift across the board, lots of research to be done across the board, proof of concepts to be developed in lieu of a good design, followed by lots of productizing. With Jupnet, we hope to add some special elements to the crypto space,” @weremeow noted in a post.
Another expected headline in the top crypto news this week is Jupiter Exchange’s product announcements. In a post last week, the Solana-based DEX teased a major product announcement by a Jupiter executive.
