Cardano (ADA) closed at $0.2710 on October 5th, marking a 4.4% increase. AMBCrypto cited futures market indicators, but the original data was difficult to verify. Analysts suggest that if the $0.28 resistance level is broken, it could rise to $0.30.
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Cardano's Charles Hoskinson warns that the digital euro could enable discrimination against assets and transactions. While an EU bill prohibits programmable money, he argues for legally binding provisions. He points out the risks of CBDCs and proposes ADA as an alternative.
Cardano founder Charles Hoskinson warns the EU's digital euro could lead to spending caps and transaction discrimination. He urges for legal guarantees against programmable money and surveillance, contrasting it with the potential of decentralized systems like Cardano.
Cardano (ADA) surged 11% to its highest price since May, outpacing Bitcoin, Ethereum, and XRP. Potential drivers include a new RealFi product, the Dijkstra upgrade, and AI payment integration. However, trading volume on Cardano's network has decreased, suggesting the rally may be speculative.
Key facts: CRYPTO:ADAUSD TVL +8.72% $70.8M; active ~15,985; DEX $4.36M
Cardano's TVL increased by 8.72% to $70.78M, with DEX volume at $4.36M and active addresses around 15,985. On-chain activity remains steady, suggesting potential for ADAUSD to reach $0.30.
Cardano (ADA) has seen a significant rally, outperforming Bitcoin and XRP, driven by a rise in DeFi TVL and the launch of the RealFi ecosystem. This surge has boosted retail sentiment.
Over the past 24 hours, leveraged positions worth $133.67 million have been liquidated in the cryptocurrency market. Notably, short positions saw liquidations 3.3 times greater than long positions. Bitcoin experienced the largest liquidations, amounting to $73.14 million.
Cardano (ADA) bull Dan Gambardello predicts that ADA is preparing for a breakout for further upside. He previously analyzed that ADA could rise to $0.4 after breaking through $0.24, and ADA has currently risen about 95% from its 6-year low.
Cardano's ADA price is nearing $0.30 after breaking above $0.26, supported by rising open interest and buying pressure. However, on-chain activity lags, and liquidations could fuel volatility.
In the global market, Bitcoin was searched the most, with large-cap coins and tokenized stocks gaining popularity. In contrast, the Korean market showed a different trend, with Infinity Gate taking the top spot.
As of 11:16 AM on October 5th, Ada (ADA) is trading at $0.2693, a 5.44% increase from 4 hours prior. Compared to 24 hours ago, it has risen 10.50%, with a market capitalization of approximately $9.87928 billion, ranking 16th.
Bitcoin, Ethereum, XRP, and Dogecoin saw gains as investors considered Treasury yields and Fed interest rate cues. Bitcoin briefly neared $87,000, with overall market cap crossing $3 trillion. Analyst notes a pattern of Sunday gains reversing on Mondays.
As of 7:35 AM on October 5th, Ada (ADA) is trading at $0.2646, a 4.71% increase from an hour ago. During the same period, $570,000 worth of Ada short positions were liquidated on Binance, Bybit, and OKX.
As of 4:19 AM on October 5th, Ada (ADA) is trading at $0.2556, an increase of 3.06% compared to one hour ago and 4.37% compared to 24 hours ago. At the same time, the liquidation volume for short positions was $270,000.
There are conflicting reports regarding the occurrence of a golden cross for Ada (ADA). While U.Today reported in a follow-up article that the golden cross was completed, this contradicts their previous article. Due to uncertainty in chart analysis, it is difficult to confirm the exact timing and duration of the actual crossover.
Cardano (ADA) has achieved its first daily golden cross in 14 months, signaling potential bullish momentum. This coincides with positive developments like its selection for aviation fuel verifiability and enterprise expansion in Japan.
Bitcoin surpassed $87,000 following the release of US employment data, but fell below $84,000 within hours. While major altcoins showed weakness, Quant and Midnight saw gains. Approximately $600 million in liquidations occurred during the sharp decline.
In the domestic cryptocurrency market, WLD, XRP, and ONDO are attracting attention with higher trading volumes compared to overseas. WLD, in particular, had a domestic share 23.9 times higher than overseas. In contrast, HYPE and BNB recorded more active trading volumes overseas. CC showed the highest Kimchi premium, while some stocks showed a negative premium.
Charles Hoskinson believes crypto is entering an era of exponential growth, comparing blockchain's development to the internet and AI. He highlighted tokenization's rise in finance and how exponential tech's impact accelerates over time.
U.Today analyzed the short-term resistance and support zones for Dogecoin, Cardano, Aave, and Bonk. Dogecoin and Cardano are testing resistance zones after a rebound, while Aave may see a correction after a sharp rise. Bonk has recovered, but a long-term downtrend reversal is uncertain.












