Cardano (ADA)

Cardano (ADA) outperforms Polkadot and Kusama in blockchain development activity but experiences a 24.93% price decline, indicating a potential bearish trend.

Cardano could potentially retest its $3 record peak this year according to experts, even as Shiba Inu accelerates token burns. Meanwhile Meme Moguls takes a utility-driven approach.

XRP trades uncertainly at pivotal support, Cardano trends up with focus on scalability, and new meme token Rebel Satoshi offering decentralized ethos draws investor attention.

Cardano dropped 7.5% Wednesday but remains bullish long-term. Analysts think ADA can still hit $1 in 2024.

Cardano could rally 14% to $0.70 as its Total Value Locked remains elevated over $425 million after reaching an all-time high last week.

Cardano price prediction calls for an 18% decline to $0.46 unless bulls defend the 23.6% Fib level and 20-day EMA near $0.56 in the short term.

A fraudulent NFT scheme promising extra ADA rewards has scammed victims out of over 200,000 ADA, worth almost $130K, prompting warnings for Cardano users to avoid the scam website and transactions.

A $1.5 billion spike in Cardano whale transactions coincided with ADA’s 63% price increase in December 2023.

Cardano’s native ADA token added $1 billion in market capitalization in 24 hours, fueled by a 100% increase in trading volume to $750 million.

Cardano sees an increase in large transactions, indicating growing whale interest that lifts ADA prices across timeframes.