While upcoming cryptocurrencies like BlockDAG and Cutoshi are set to yield massive profits for holders, Cardano is still hovering around the $0.35 support zone.
Cardano (ADA) still trades within a crucial support zone despite upcoming cryptocurrencies like BlockDAG and Cutoshi yielding massive profits for holders.
Cardano (ADA) still trades within a crucial support zone despite upcoming cryptocurrencies like BlockDAG and Cutoshi yielding massive profits for holders.
Cardano trades at $0.35, showcasing a 0.3% loss in the past 24 hours and a 6.2% decrease over the last seven days. The 30 and 90 day price performances show gains of 16.3% and 10.8%, respectively.
Cardano trades at $0.35, showcasing a 0.3% loss in the past 24 hours and a 6.2% decrease over the last seven days. The 30 and 90 day price performances show gains of 16.3% and 10.8%, respectively.
Meanwhile, ADA price action reveals a consolidation phase as it attempts to gather strength for a breakout. However, the pressure from new tokens in this Q4 alone has been significant. Despite this, analysts think that if the price of Cardano can continue to hold above the $0.35 mark, then a significant rally could play out.
Meanwhile, ADA price action reveals a consolidation phase as it attempts to gather strength for a breakout. However, the pressure from new tokens in this Q4 alone has been significant. Despite this, analysts think that if the price of Cardano can continue to hold above the $0.35 mark, then a significant rally could play out.
Cardano Price Analysis
Cardano Price Analysis
The Cardano coin has faced significant bearish pressure in recent times. According to the In/Out of Money Around Price (IOMAP) model, the resistance level of around $0.39 is quite a challenge for the altcoin.
The Cardano coin has faced significant bearish pressure in recent times. According to the In/Out of Money Around Price (IOMAP) model, the resistance level of around $0.39 is quite a challenge for the altcoin.
Meanwhile, this level is significant because over 160,000 addresses are said to hold over 2 billion pieces of the Cardano coin at that price zone. Moreover, the high concentration of “out of the money” holders is signaling that there could be a potential sell wall.
Meanwhile, this level is significant because over 160,000 addresses are said to hold over 2 billion pieces of the Cardano coin at that price zone. Moreover, the high concentration of “out of the money” holders is signaling that there could be a potential sell wall.
This is because many traders may be considering liquidating their positions to reduce losses. Furthermore, the Cardano price chart reveals that there is a formation of a bearish head and shoulders pattern.
This is because many traders may be considering liquidating their positions to reduce losses. Furthermore, the Cardano price chart reveals that there is a formation of a bearish head and shoulders pattern.
Sadly, this indicates that the recent bullish move might be ending. Meanwhile, if the bearish pressure intensifies, we can see a decline toward $0.31 for Cardano.
Sadly, this indicates that the recent bullish move might be ending. Meanwhile, if the bearish pressure intensifies, we can see a decline toward $0.31 for Cardano.
However, if the bulls are able to push the price of Cardano above the $0.39 resistance level, then the altcoin may retest $0.45, a level last seen in July. Despite these price movements, the community sentiment toward Cardano remains strongly bullish.
However, if the bulls are able to push the price of Cardano above the $0.39 resistance level, then the altcoin may retest $0.45, a level last seen in July. Despite these price movements, the community sentiment toward Cardano remains strongly bullish.
BlockDAG Presale Surges Past $97 Million
BlockDAG Presale Surges Past $97 Million
BlockDAG presale has surged past $97 million with over 14.2 billion tokens sold.
BlockDAG presale has surged past $97 million with over 14.2 billion tokens sold.
The presale, which began on September 26, has seen massive participation from investors as they aim to acquire BlockDAG tokens at a discounted price. Currently, each token is priced at $0.0206 in stage 2 of the presale.
The presale, which began on September 26, has seen massive participation from investors as they aim to acquire BlockDAG tokens at a discounted price. Currently, each token is priced at $0.0206 in stage 2 of the presale.
Moreover, the total number of tokens sold stands at 14,220,806,000, indicating the strong demand for the BlockDAG token. Notably, the presale has attracted both retail and institutional investors, including those managing funds of over $90 billion.
Moreover, the total number of tokens sold stands at 14,220,806,000, indicating the strong demand for the BlockDAG token. Notably, the presale has attracted both retail and institutional investors, including those managing funds of over $90 billion.
This interest is fueled by BlockDAG's innovative blockchain technology and its potential to revolutionize various industries.
This interest is fueled by BlockDAG's innovative blockchain technology and its potential to revolutionize various industries.
Cutoshi Presale Boosted By Multiple Utility Offerings
Cutoshi Presale Boosted By Multiple Utility Offerings
While upcoming cryptocurrencies like BlockDAG and Cutoshi are seeing a lot of demand, Cardano is still struggling to gain bullish momentum.
While upcoming cryptocurrencies like BlockDAG and Cutoshi are seeing a lot of demand, Cardano is still struggling to gain bullish momentum.
However, the pressure from new tokens in this Q4 alone has been immense. Despite this, analysts think that if the price of Cardano can continue to hold above the $0.35 mark, then a significant rally could play out.
However, the pressure from new tokens in this Q4 alone has been immense. Despite this, analysts think that if the price of Cardano can continue to hold above the $0.35 mark, then a significant rally could play out.
Meanwhile, BlockDAG attracts investors’ attention with its huge presale revenue of almost $97 million. On the other hand, Cutoshi is making waves with its multiple utility-centric offerings that include the multi-chain DEX, farming, academy, NFTs, and merch, among other benefits.
Meanwhile, BlockDAG attracts investors’ attention with its huge presale revenue of almost $97 million. On the other hand, Cutoshi is making waves with its multiple utility-centric offerings that include the multi-chain DEX, farming, academy, NFTs, and merch, among other benefits.
Interestingly, Cutoshi has listed CoinMarketCap, boosting its visibility and credibility. Moreover, the Cutoshi ecosystem is designed to deliver real value to DeFi enthusiasts, prioritizing utility alongside memes.
Interestingly, Cutoshi has listed CoinMarketCap, boosting its visibility and credibility. Moreover, the Cutoshi ecosystem is designed to deliver real value to DeFi enthusiasts, prioritizing utility alongside memes.
For instance, the Cutoshi DEX permits users to conduct secure swaps across multiple blockchains.
For instance, the Cutoshi DEX permits users to conduct secure swaps across multiple blockchains.
Moreover, users who are tired of having to pay extra fees when moving from one platform to another to swap tokens across several blockchains will find the Cutoshi DEX favorable.
Moreover, users who are tired of having to pay extra fees when moving from one platform to another to swap tokens across several blockchains will find the Cutoshi DEX favorable.
Also, the Cutoshi farming enables the community to earn rewards by just completing quests and collecting points. This provides an additional source of income for active community members.
Also, the Cutoshi farming enables the community to earn rewards by just completing quests and collecting points. This provides an additional source of income for active community members.
Additionally, the Cutoshi Academy provides educational content for crypto lovers, narrowing the gap in crypto while helping beginners maximize their DeFi potential.
Additionally, the Cutoshi Academy provides educational content for crypto lovers, narrowing the gap in crypto while helping beginners maximize their DeFi potential.
With a lot of benefits on the table, the Cutoshi ecosystem is attracting investors with long-term gains in mind. Meanwhile, the Cutoshi presale is ongoing and each token is selling for only $0.022 in stage 2.
With a lot of benefits on the table, the Cutoshi ecosystem is attracting investors with long-term gains in mind. Meanwhile, the Cutoshi presale is ongoing and each token is selling for only $0.022 in stage 2.
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