SYGNAL's Current Positions
October 10, 2024
🤖 Fusion AI: Currently holds no positions.
🌊 AltcoinWave AI: Currently holds no positions.
Long: $BTC 32.00%, $BNB 3.00%, $LTC 3.00%, $ETH 2.00%, $ADA 0.00%, $NEAR 0.00% (small fraction of a percent)
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See the live Cardano price in EUR. Buy Cardano or add it to your Crypto Strategy.
ADA EUR price chart / performance
ADA EUR price chart / performance
Past performanceis not indicative of future results. EUR (€) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.
Strategies with ADA
Returns
Returns
Return (24h)
+5.26%
Return (7D)
+0.98%
Return (1M)
+2.67%
Return (1Y)
+39.36%
My Investment
My Investment
Profit Taken
€0.00
0.00%
You Have:
€0.00
Unrealised P/L
€0.00
0.00%
Cardano (ADA) History and Overview
Cardano (ADA) History and Overview
Cardano is a type of blockchain platform, and it works by processing transactions using a special kind of cryptocurrency named ADA. The big goal of Cardano is to create a network that connects different blockchains together smoothly. Their aim is to create an “Internet of Blockchains.”
ADA is the currency that makes the Cardano network run. Cardano wants to be faster, user-friendly with other systems, and eco-friendly, unlike Bitcoin and Ethereum. It achieves this by using a “proof of stake” method to verify transactions. To use the Cardano platform, users to pay transaction fees, and these fees are paid using ADA.
The validators receive it as a reward for running the proof of stake system. ADA is one of the most popular crypto. You can buy it from most top cryptocurrency exchanges. Binance, Coinbase, Gemini and Kraken.
Cardano named its crypto asset ADA after Augusta Ada King, the Countess of Lovelace. She lived in the 19th century and people often consider her as the world's first computer programmer. Participants who stake their ADA token in the network are eligible to receive rewards, contributing to the PoS consensus mechanism.
Key highlights:
- Charles Hoskinson founded Cardano in 2015, and it was officially launched in 2017.
- Cardano is a platform for decentralized applications (or dApps), and it supports a variety of assets and smart contracts.
- The system runs on the Ouroboros PoS consensus protocol.
- Three main entities govern Cardano in a decentralized way: The Cardano Foundation, IOHK, and EMURGO.
Cardano vs. Ethereum
Cardano sees itself as a “third-generation” blockchain, a step up from Ethereum’s “second-generation” tech. Both Cardano and the other platform offer smart contracts and similar features. However, Cardano has a specific goal of being faster and providing financial services to people worldwide. This is especially important for those who do not have access to traditional banking services.
How To Buy Cardano or Add it to your Strategy
The fastest, most convenient way to purchase Cardano is to purchase it on ICONOMI. We check Cardano live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Cardano by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Cardano is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Cardano, we recommend you read the next section, as copying might be a better approach.
Add Cardano to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Cardano in their structure.
Posts
Here you can read and comment on all posts made by Strategists about Cardano ADA. See all Cardano price predictions in real time and make the best use of their crypto knowledge.
Blockchain Index
7 Oct, 2024
Cardano’s Comeback? How to Trade ADA:
Cardano is showing signs of life with a 2.27% price boost, but what’s next? Ripple vs SEC case could shake up U.S. securities regulations. If this happens, Cardano could be free from SEC scrutiny, giving it room to rally. The technicals show $ADA forming a bullish falling wedge, hinting at a breakout. However watch for a retracement to the $0.32 level. TIP: If ADA breaks above $0.40, it’s a strong buy signal for a rally toward $0.56. However, be cautious of a dip below $0.31 as it could indicate more downside pressure. Consider setting stop losses near $0.30 for risk management.
3 people like this
@ICONOMI
4 Oct, 2024
September in Review: Key Developments in the Crypto Market
September brought a strong 7% gain for Bitcoin ($BTC), its best performance since 2013, boosted by institutional inflows and the Federal Reserve’s interest rate cut. Ethereum ($ETH) also held up well, maintaining dominance in DeFi. However, major altcoins like $XRP, $ADA, and $LINK experienced declines of over 5%, showing that the broader market is still volatile.
Looking ahead, Bitcoin’s bullish momentum could continue into October, historically a strong month for BTC. What will the final quarter of 2024 bring?
Read the full analysis on monthly wrap HERE
2 people like this
Blockchain Index
1 Oct, 2024
Cardano’s Breakout
Cardano ($ADA) is showing signs of a massive breakout! After a 12% gain last week, it’s now trading at around $0.40. The bullish momentum could see ADA pushing toward $0.50 in the coming days. With a historical 500% gain in play, if this pattern repeats itself, we could see ADA touching $2.40 in the next rally! The MVRV ratio suggests investors are holding on, signalling more upside. If the bulls maintain this push, ADA could become one of the biggest winners of the year.
2 people like this
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