{"id":601740,"date":"2024-04-06T15:00:02","date_gmt":"2024-04-06T15:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=601740"},"modified":"2024-04-06T09:45:50","modified_gmt":"2024-04-06T09:45:50","slug":"ada-price-cardano-network-88-6","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/ada-price-cardano-network-88-6\/","title":{"rendered":"ADA Price Ready To Soar As Cardano Network Hits New 88.6 Million Transaction Milestone"},"content":{"rendered":"

The Cardano (ADA)<\/span><\/a> price looks set for a significant move to the upside. The network recently hit a new milestone in <\/span>terms of transactions<\/span><\/a> processed so far, in addition to other bullish fundamentals that could also contribute to the price surge.\u00a0<\/span><\/p>\n

Cardano Has Processed Over 88 Million Transactions<\/h2>\n

Data<\/span><\/a> from Cardano\u2019s latest weekly development report shows that the network has processed 88.6 million transactions to date. This is significant as sustained network activity can positively affect ADA\u2019s price. Moreover, ADA has <\/span>always been criticized<\/span><\/a> as a \u201cghost chain,\u201d this achievement <\/span>dispels that notion<\/span><\/a> and proves that people are actively using the network.\u00a0<\/span><\/p>\n

Related Reading: XRP To $20 And Ethereum To $20,000: Crypto Analyst Reveals When This Will Happen<\/a><\/div>\n

\"Cardano<\/p>\n

Source: Essential Cardano<\/span><\/a><\/pre>\n
Meanwhile, the report revealed that 1,353 projects are actively building on the network, which means the network will keep expanding as more users get onboarded through those projects. Additionally, Cardano\u2019s Fund12 officially launches on April 26, with this decentralized and innovative incubator program set to usher in a new set of developers into the Cardano ecosystem.\u00a0<\/span><\/p>\n
That event also underlines Cardano\u2019s potential to experience exponential network growth soon enough. It is also a testament to Cardano founder <\/span>Charles Hoskison\u2019s statement<\/span><\/a> that the network is growing organically like Bitcoin, seeing as the team has continued to put in the work rather than solely depending on hype.\u00a0<\/span><\/p>\n
Considering these bullish developments, ADA\u2019s price could be well primed for a significant move to the upside. This will provide a much-needed relief for <\/span>ADA holders<\/span><\/a> who have <\/span>continued to worry<\/span><\/a> about the crypto token\u2019s lagging price action. ADA\u2019s price had remained pretty tepid despite the broader crypto market recording massive price gains.\u00a0<\/span><\/p>\n
ADA Price Chart Says Otherwise<\/h2>\n
From a technical analysis perspective, the Cardano ecosystem is currently bearish. <\/span>Technical analyst Alan Santana<\/span><\/a> recently mentioned that further price declines are more feasible as ADA\u2019s price has continued to lag. He revealed that ADA\u2019s weekly chart is producing a \u201cbreak below the EMA10 (Exponential Moving Average) with a very strong bearish candle as the RSI (<\/span>Relative Strength Index<\/span><\/a>) turns red. \u201c<\/span><\/p>\n
Related Reading: Dogecoin Finds A Bottom: How The 7-Year Cycle Can Send Price To $40<\/a><\/div>\n
Santana also suggested that ADA\u2019s price could drop to as low as $0.34 in a bid to <\/span>establish support<\/span><\/a>. Therefore, he stated that the \u201conly wise decision is to remain bearish until the chart and market conditions change.\u201d \u201cOnce support is found and established, we become bullish again,\u201d the analyst added.\u00a0<\/span><\/p>\n
At the time of writing, ADA is trading at around $0.58, up in the last 24 hours according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
\"ADA<\/p>\n
ADA sees sharp drop to $0.58 | Source: ADAUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Biztech Africa, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Cardano (ADA) price looks set for a significant move to the upside. The network recently hit a new milestone in terms of transactions processed so far, in addition to other bullish fundamentals that could also contribute to the price surge.\u00a0 Cardano Has Processed Over 88 Million Transactions Data from Cardano\u2019s latest weekly development report shows that the network has processed 88.6 million transactions to date. This is significant as sustained network activity can positively affect ADA\u2019s price. Moreover, ADA has always been criticized as a \u201cghost chain,\u201d this achievement dispels that notion and proves that people are actively using the network.\u00a0 Related Reading: XRP To $20 And Ethereum To $20,000: Crypto Analyst Reveals When This Will Happen Source: Essential Cardano Meanwhile, the report revealed that 1,353 projects are actively building on the network, which means the network will keep expanding as more users get onboarded through those projects. Additionally, Cardano\u2019s Fund12 officially launches on April 26, with this decentralized and innovative incubator program set to usher in a new set of developers into the Cardano ecosystem.\u00a0 That event also underlines Cardano\u2019s potential to experience exponential network growth soon enough. It is also a testament to Cardano founder Charles Hoskison\u2019s statement that the network is growing organically like Bitcoin, seeing as the team has continued to put in the work rather than solely depending on hype.\u00a0 Considering these bullish developments, ADA\u2019s price could be well primed for a significant move to the upside. This will provide a much-needed relief for ADA holders who have continued to worry about the crypto token\u2019s lagging price action. ADA\u2019s price had remained pretty tepid despite the broader crypto market recording massive price gains.\u00a0 ADA Price Chart Says Otherwise From a technical analysis perspective, the Cardano ecosystem is currently bearish. Technical analyst Alan Santana recently mentioned that further price declines are more feasible as ADA\u2019s price has continued to lag. He revealed that ADA\u2019s weekly chart is producing a \u201cbreak below the EMA10 (Exponential Moving Average) with a very strong bearish candle as the RSI (Relative Strength Index) turns red. \u201c Related Reading: Dogecoin Finds A Bottom: How The 7-Year Cycle Can Send Price To $40 Santana also suggested that ADA\u2019s price could drop to as low as $0.34 in a bid to establish support. Therefore, he stated that the \u201conly wise decision is to remain bearish until the chart and market conditions change.\u201d \u201cOnce support is found and established, we become bullish again,\u201d the analyst added.\u00a0 At the time of writing, ADA is trading at around $0.58, up in the last 24 hours according to data from CoinMarketCap.\u00a0 ADA sees sharp drop to $0.58 | Source: ADAUSDT on Tradingview.com Featured image from Biztech Africa, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":601744,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,89347,84005,14643,79508,12332,89230,12329],"class_list":["post-601740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-news","tag-ada-price","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-news","tag-cardano-price"],"acf":[],"yoast_head":"\nADA Price Ready To Soar As Cardano Network Hits New 88.6 Million Transaction Milestone<\/title>\n<meta name=\"description\" content=\"The Cardano (ADA) price looks set for a significant move to the upside as it hit a new milestone in terms of transactions processed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"ADA Price Ready To Soar As Cardano Network Hits New 88.6 Million Transaction Milestone","url":"http:\/\/wncen.com\/news\/cardano\/ada-price-cardano-network-88-6\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/ada-price-cardano-network-88-6\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Cardano-ADA.jpeg?resize=200%2C169","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Cardano-ADA.jpeg?fit=298%2C169"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada news","ada price","adausd","adausdt","cardano","cardano news","cardano price"],"dateCreated":"2024-04-06T15:00:02Z","datePublished":"2024-04-06T15:00:02Z","dateModified":"2024-04-06T15:00:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ADA Price Ready To Soar As Cardano Network Hits New 88.6 Million Transaction Milestone\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/ada-price-cardano-network-88-6\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/ada-price-cardano-network-88-6\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Cardano-ADA.jpeg?resize=200%2C169\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Cardano-ADA.jpeg?fit=298%2C169\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada news\",\"ada price\",\"adausd\",\"adausdt\",\"cardano\",\"cardano news\",\"cardano price\"],\"dateCreated\":\"2024-04-06T15:00:02Z\",\"datePublished\":\"2024-04-06T15:00:02Z\",\"dateModified\":\"2024-04-06T15:00:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Cardano-ADA.jpeg?fit=298%2C169","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/601740"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=601740"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/601740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/601744"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=601740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=601740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=601740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}