Analysis Crypto by Thebittimes.Com

As Cardano (ADA) struggles to claim the crucial $1 mark, technical indicators suggest the token may be entering a critical phase that could see it target a record high of $6. The Analysis by Master Ananda is based on ADA’s weekly timeframe chart, where the token has been trading above key moving averages, EMA55, EMA89, and MA200, for seven consecutive weeks. In a TradingView post on September 2, the analyst noted that this sustained action above major support levels reflects weak bearish pressure, allowing bullish momentum to dominate.  Even during recent red weeks, sell volume has remained low, while bullish buying interest has held firm. ADA price analysis chart. Source: TradingView At the same time, the outlook highlighted a clear rising trend that began in June 2023, with Cardano forming higher lows despite price fluctuations.  The last major peak was reached in December 2024, followed by a consolidation period lasting nine months. Historica...

1. World Network Introduces World Chat Feature link Sam Altman’s blockchain project, World Network, has launched World Chat, a “mini-app” integrated into the World App wallet. Holders of the World ID verified through iris scanning can enjoy unique Features , such as blue chat bubbles and exclusive identifiers. World Chat is designed to distinguish between humans and robots in the AI era. For non-verified users, gray chat bubbles will be displayed. Moreover, World Network has announced a collaboration with Alchemy, Bain Crypto Capital, Blockchain Capital, and Variant Fund to introduce the World Build incubator. It plans to host hackathons, build camps, and Demo Days. 2. Sui Announces Strategic Partnership with Trump Family’s Crypto Project WLFI link The L1 blockchain Sui, which uses the Move language, has announced a strategic cooperation with the Trump family’s crypto project World Liberty Financial (WLFI). Under the agreement, WLFI will include SUI assets in its “Macro Strategy” strat...

An on-chain analyst says deep-pocketed investors are loading up massive amounts of Cardano (ADA) and a top memecoin as the market went sideways for the past week. Analyst Ali Martinez tells his 98,800 followers on the social media platform X that crypto whales accumulated $85.6 million worth of ADA in a couple of days. “Cardano whales bought over 80 million ADA in 48 hours!” Source: Ali Martinez/X At time of writing, ADA is trading for $1.07. Martinez also says deep-pocketed investors snapped up $64 million worth of the large-cap memecoin Dogecoin (DOGE). “Whales bought another 160 million Dogecoin DOGE in 24 hours!” Source: Ali Martinez/X At time of writing, DOGE is worth $0.40. In total, the crypto whales accumulated nearly $150 million worth of ADA and DOGE in just two days during the past week. Turning to Bitcoin, Martinez says he’s looking at BTC‘s In/Out of the Money Around Price (IOMAP) metric. IOMAP classifies cry...

Cardano (ADA) has been in a downtrend since March, forming lower highs and lower lows. Amidst broader market corrections in August, it also lost its position in the top 10 cryptocurrencies by market cap. At press time, ADA was trading at $0.361 — the last 30 days have seen prices increase by 2.55%, bringing year-to-date (YTD) losses down to 39.09%. ADA price YTD chart. Source: Finbold While it hasn’t been a good year for the token thus far, there are some promising developments — Cardano’s smart contract capabilities have skyrocketed this year — going from just 8,083 Plutus scripts to 91,470 at the time of writing. Picks for you AI predicts Dogecoin price for Halloween 2024 11 mins ago R. Kiyosaki urges investors ‘buy silver before it’...

Buyers are finding it challenging to maintain Bitcoin’s sharp recovery from 8 August, suggesting that sellers are still active at higher market levels. Bitcoin is nearing a potential death cross, where the 50-day simple moving average (SMA) drops below the 200-day SMA. Although this pattern is typically seen as bearish, analyst Timothy Peterson pointed out on X that Bitcoin has shown a median gain of 18% within two months following the eight death crosses since 2015. Bitcoin whales appear to be anticipating a bullish trend. Those holding between 10 and 1,000 Bitcoin made significant purchases on 5 and 6 August. However, this optimism wasn’t shared by spot Bitcoin exchange-traded fund (ETF) investors, who sold during those two days, leading to a net outflow, according to data from Farside Investors. Crypto market data daily view. Source:   Coin360 The panic selling and the subsequent recovery in Bitcoin in the past few days suggest that the bulls ...

Cardano (ADA) has been one of the most promising yet underperforming tokens in the bullish market. The token has long been trading at bearish price levels of $0.40–$0.50, consolidating hard and being consistent toward breaking its critical price levels. Although ADA is yet to embrace the market’s bullish momentum, positive reviews for the ADA ecosystem have flooded the internet lately, intending to keep the community hopeful for its impending price breakout. Also Read: Can XRP ETF Hype Push Ripple’s Price To Breach $0.75 in June? Positive Revelations For Cardano Source – NewsBTC Per several crypto analysts and handles on X, Cardano is supremely underrated and bound to break the system very soon. According to The Altcoin Oracle, the ADA ecosystem has special benefits, one of which is that Cardano presents its users with some credible real-world value. For instance, the handle shared how ADA ’s eUTXO, a model introduced to support multi-assets ...

According to the regulator, ADA , SOL, and MATIC alongside other crypto tokens are securities. A week after the allegations, ADA is reeling in massive losses of approximately 25%, while SOL and MATIC are both down by roughly 29%. The statements released by the foundations over the last few days have mainly inclined toward improving investor confidence with the founders declaring that they are ready to fight the allegations until the tokens are cleared. Under No Circumstances Was ADA a Security – Cardano’s IOG The IOG has explicitly stated that the allegations made by the SEC contain “numerous factual inaccuracies” and that they “will not impact IOG’s operations in any way. “Under no circumstances is ADA a security under U.S. securities laws,” the IOG said in its response to the SEC filings. “It never has been. Understanding how decentralized blockchains operate is a fundamental component in creating responsible legislation.” Recommended Articles ...