$ADA The price of Cardano (ADA) is approximately $0.7449$ADA
#GENIUSAct #BinanceAlphaAlert #SaylorBTCPurchase #EthereumSecurityInitiative #BinanceTGEAlayaAI $ USD, with a slight change of +0.08% over the past 24 hours. ---
📊 Quick look at ADA's performance:
Market Cap: Approximately $26.25 billion.
Daily trading volume: Approximately $714.5 million.
Global Ranking: 9th among cryptocurrencies by market cap.
Number of circulating coins: Approximately 35.32 billion ADA out of a maximum of 45 billion ---
⚙️ What is Cardano (Cardano)?
Cardano is a Layer-1 blockchain platform launched in 2017, aimed at supporting decentralized applications (dApps) and smart contracts with high efficiency and speed. Cardano uses a Proof-of-Stake mechanism and is known for its focus on academic research and scientific development. ---
📈 Technical analysis and forecasts:
Current trading range: between $0.725 and $0.752.
Strong support level: at $0.72, which has shown resilience against selling pressures.
Future forecasts: Some analysts believe the price could rise to $0.92 if the current resistance is breached, while others warn of a potential drop below $0.67 if selling pressures continue. ---
📰 Recent news affecting the price:
Collaboration with Litecoin in decentralized finance (DeFi): Cardano founder Charles Hoskinson confirmed a potential partnership with Litecoin to enhance integration between the two networks.
Large withdrawal of currencies from exchanges: Nearly $1 billion of ADA has been withdrawn from centralized exchanges, which may indicate long-term investor confidence.
