empty
17.01.2022 03:45 PM
Cardano up 32% in a week and continues to scale

The cryptocurrency market is gradually coming to its senses after a long period of depression. The main role in this was played by Bitcoin, which holds the key support zone and thereby allows the altcoin market to recover. The index of the altcoin season is around the 60 mark, which is a prerequisite for a possible outbreak of growth of digital coins. The clear leader in growth over the past seven days is the Cardano coin, which literally bursts into 2022.

Cardano is on fire

Over the past seven days, the altcoin has shown an increase of 32% and, as of January 17, is trading in the area of the local support zone at around $1.53. Over the past day, the cryptocurrency has grown in price by 12% due to the implementation of the first provisions of the roadmap for 2022. As of mid-January, Cardano is the most promising and fastest growing altcoin in the top 30 digital assets.

This image is no longer relevant

Cardano DeFi Exchange

The Cardano project is launching a strategy to create and develop its own products in the decentralized finance and NFT market. The launch of the first DeFi exchange SundaeSwap is scheduled for January 20. The platform will have access to digital assets trading, as well as an innovative function for generating income through farming. With income farming, investors make a profit in tokens by investing in a DeFi project. A similar feature is common on decentralized sites and will be implemented in the Cardano ecosystem.

Given the sharp increase in the value of the coin in anticipation of the launch of the DeFi exchange, on January 20, one should not expect an impulse growth of the altcoin, since this news will already be included in the price of the asset.

Scalability and Smart Contracts on the ADA Network

The developers of the project also announced a number of improvements that will be implemented in the near future. Thanks to the implementation and optimization of smart contract technology, it became possible to scale the Cardano network. In the near future, the size of the block and the time of its distribution will be expanded, as well as the nodes will be modernized and the ability to record part of the data on the state of the blockchain will be added. All these innovations will also be implemented due to a significant increase in the audience.

Is Cardano an "Ethereum killer"?

All these factors make the ADA project one of the most promising in 2022. And if there is a project on the market that can claim the title of "Ethereum killer", then this is Cardano. As of 10:00 UTC, the coin is in the local support zone around $1.5. The coin is on the verge of breaking through the downward trend line, which starts on September 6th.

Current positions are a good place to enter the asset, as a large number of updates are planned for the next few months, which will become catalysts for price growth. In addition, the altcoin season index is in the 82 region, which is a harbinger of digital coin growth. The ADA project has chosen the perfect time to increase investment attractiveness by improving the network and become the main asset of the upcoming alt season.

This image is no longer relevant

ADA/USD technical picture

Technically, Cardano also looks strong. The coin has broken through the downward trend line and the 0.236 Fibo level. Technical indicators signal high activity of buyers. The MACD enters the green zone after the formation of a bullish crossover, while the stochastic and the RSI are approaching the overbought zone.

The direction of the movement of the stochastic oscillator may indicate a short-term pullback in the near future. In this case, the $1.5–$1.53 area will become a local support zone for the coin. If this milestone is held, the coin will move to the next target at $1.78, where the fibo level of 0.382 passes.

After a long lull and a drop in on-chain activity, Cardano is making a comeback in a V-shaped reversal and is poised to become one of the most profitable altcoins of the coming year.

This image is no longer relevant

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Cadangan Perdagangan untuk Pasaran Mata Wang Kripto pada 25 April

Cubaan yang tidak berjaya semalam untuk kekal melebihi $94,000 menunjukkan bahawa masih terdapat minat membeli yang ketara. Ethereum juga tetap kukuh, walaupun pembetulan semalam semasa sesi Eropah mungkin menggusarkan sesetengah

Miroslaw Bawulski 08:56 2025-04-25 UTC+2

Analisis Teknikal Pergerakan Harga Harian Polkadot Cryptocurrency, Jumaat 25 April 2025.

Dengan keadaan penunjuk Pengayun Stochastic yang kini berada di atas tahap Terlebih Beli (80) walaupun ia masih bergerak di atas WMA (30 Shift 2) yang menunjukkan kecenderungan masih Menaik, namun

Arief Makmur 07:02 2025-04-25 UTC+2

Analisis Teknikal Pergerakan Harga Intraday Mata Wang Kripto Solana, Jumaat 25 April 2025.

Walaupun ketika ini mata wang kripto Solana berada dalam keadaan pengukuhan yang ditunjukkan oleh pergerakan harganya di atas WMA (30 Shift 2), namun kemunculan Perbezaan (Divergence) antara pergerakan harga Solana

Arief Makmur 07:02 2025-04-25 UTC+2

Analisis BTC/USD – 24 April: Bitcoin Menunjukkan Tanda-tanda Pemulihan

Pola gelombang pada carta 4 jam untuk BTC/USD kini menjadi agak lebih kompleks. Kami memerhatikan struktur pembetulan ke bawah yang menyelesaikan pembentukannya sekitar paras $75,000. Selepas itu, satu pergerakan naik

Chin Zhao 10:15 2025-04-24 UTC+2

Cadangan Dagangan untuk Pasaran Mata wang Kripto pada 24 April

Bitcoin gagal bertahan di atas paras $94,000 dan telah membetulkan ke kawasan $92,500, di mana ia kelihatan lebih selesa. Ethereum juga telah menarik balik ke sekitar $1,769 selepas seketika mencecah

Miroslaw Bawulski 08:58 2025-04-24 UTC+2

Bitcoin mungkin menyambung semula aliran menaiknya

Bitcoin mencatat lonjakan kuat semalam. Selepas menembusi paras $90,000, mata wang kripto utama ini melonjak ke arah $94,000, di mana kenaikan itu terhenti buat sementara waktu. Ether juga menyaksikan keuntungan

Jakub Novak 12:59 2025-04-23 UTC+2

Cadangan Perdagangan untuk Pasaran Mata Wang Kripto pada 23 April

Bitcoin telah berjaya melepasi $90,000, sementara Ethereum menambah lebih daripada 10% dalam hanya satu hari, melonjak semula ke $1800. Pemangkin utama adalah kenyataan Donald Trump semalam, menjelaskan bahawa memecat Jerome

Miroslaw Bawulski 09:03 2025-04-23 UTC+2

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 22 April

Bitcoin Kembali ke Zon $88,000, tetapi Ethereum Menghadapi Cabaran Penjualan yang berlaku semalam semasa sesi di AS, sekali lagi dicetuskan oleh penurunan dalam indeks saham Amerika, telah ditampung oleh pembeli

Miroslaw Bawulski 08:18 2025-04-22 UTC+2

Cadangan Dagangan untuk Pasaran Kriptowang pada 21 April

Bitcoin dan Ethereum, setelah menghabiskan seluruh hujung minggu bergerak mendatar dalam julat, melonjak dengan mendadak semasa sesi Asia hari ini. Kenaikan ini dicetuskan oleh khabar angin bahawa Pengerusi Rizab Persekutuan

Miroslaw Bawulski 09:03 2025-04-21 UTC+2

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 18 April

Bitcoin dan Ethereum masih berada dalam saluran mendatar mereka, dan ketidakmampuan untuk keluar daripada julat ini boleh menjejaskan prospek pemulihan yang lebih luas dalam pasaran mata wang kripto. Walau bagaimanapun

Miroslaw Bawulski 09:00 2025-04-18 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.