Sell the news? ADA price drops 10% following Cardano's long-awaited smart contracts rollout

The price of Cardano (ADA) fell on Sept. 13 in line with the other top cryptocurrencies despite the completion of its hard fork upgrade dubbed “Alonzo,” which introduces smart contract functionality. The ADA/USD exchange rate dropped 10.67% to reach its intraday low of $2.3, partly due to profit-taking sentiment among traders following the pair’s 1,200%-plus price rally this […]
Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch
Cardano (ADA) appears to be heading towards a new record high as its downside move takes the shape of a bull flag. In detail, the ADA/USD exchange rate plunged 16.91% to $2.47. But the pair’s decline came after a strong move higher, wherein it surged over 120% month-to-date to reach an all-time high of $2.97 on […]
Cardano price eyes $3, but ADA chart fractal hints at a potential 40% correction
Cardano blockchain’s native asset, ADA, reached a new record high on Monday as investors pinned hopes on an upcoming smart contracts feature that expects to boost the cryptocurrency’s adoption. The ADA/USD exchange rate topped out at $2.899 around 9:00 am UTC, raising anticipations that it would easily close above $3 in the coming sessions. Many analysts, […]