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Business Mayor
18-05-2025
- Business
- Business Mayor
80 Million Cardano in 48 Hours: Whales Buying ADA Dip?
According to CoinMarketCap data, Cardano, the ninth-largest cryptocurrency by market capitalization, is trading at $0.762, down 1.38% in the last 24 hours and 4.05% in the last seven days. Amid a broader market drop in the past week, Cardano fell for four straight days since May 14. Cardano had achieved a high of $0.864 on May 12, but bulls were unable to sustain momentum as investors considered macroeconomic concerns. ADA is currently attempting a recovery, with prices reaching intraday highs of $0.766 in the early Sunday session, but the price remains in the red daily. Amid the price drop, large holders referred to as whales appear to be scooping up Cardano at a discount. According to crypto analyst Ali, who cited data from Santiment, whales have bought over 80 million ADA in just the last 48 hours, even as the Cardano price fell. Whales have bought over 80 million #Cardano $ADA in the last 48 hours, according to data from @santimentfeed! May 17, 2025 This accumulation trend by whales suggests that smart money is taking advantage of lower prices to load up on ADA, potentially betting on a rebound once broader market sentiment improves. In the event of a market recovery, the focus would be on Cardano regaining the daily SMA 200 at $0.805 before moving to $0.864. If this is accomplished, ADA may target $1 next. In the case of a dip, support is expected at $0.72, ahead of the daily SMA 50 of $0.684. Cardano continues to expand According to the most recent information published by Input Output, Cardano continues to show steady growth across ecosystem metrics. The number of projects underway has risen to 1,999, with delegated wallets remaining steady at 1.33 million. On-chain activity also increased, with 109.37 million transactions completed and native assets reaching 10.79 million under 214,832 token policies. Smart contract deployment is strong, with 133,417 Plutus scripts and 6,640 Aiken scripts, representing a 0.49% increase in script activity over the previous week. Governance engagement has increased as well, with 1,305 DReps, 954 of which are active, up 1% from the previous figure. The 224 GitHub commits represent developer enthusiasm and indicate ongoing contributions across Cardano's codebase.
Yahoo
17-05-2025
- Business
- Yahoo
'Many More To Come!' Cardano Founder Teases Exciting Summer As Brave Announces Wallet Integration
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Brave browser is set to add support for Cardano to its integrated multichain wallet. The collaboration has been met with significant excitement from the Cardano community. Cardano founder Charles Hoskinson said the recent Brave announcement is the first in a series of 'broken windows deals.' From strong price performances to significant roadmap milestones, leading Layer 1 blockchain Cardano has had many positives in the past few months. But the good times may be far from over. In the latest instance, the project has scored what could be a major accessibility win, even as its founder, Charles Hoskinson, suggests that there are more major announcements to come. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Privacy-focused browser Brave is set to add support for Cardano on its integrated multichain wallet, according to a press release from Input | Output, the blockchain's primary developer, on Monday. As a result, users will be able to manage their Cardano assets and participate in governance activities directly on Brave Wallet. At the same time, IO said that the wallet will also support swaps of Cardano native tokens and other on-chain transactions. The firm said Brave Wallet's Cardano integration will also lay the foundation for a future integration of Midnight, IO's privacy-focused blockchain project. Some believe this move could eliminate the need for a virtual private network. 'This collaboration with Brave is a natural fit,' Hoskinson said in Input | Output's press release. 'By bringing Cardano into Brave Wallet, we are not only expanding functionality for Cardano users in the age of on-chain governance, but also advancing a new standard for how blockchain networks should empower individuals—protecting privacy while enabling active, on-chain participation.' Brave Wallet already supports popular blockchains like Bitcoin, Ethereum and Solana. Brave CEO Brandon Eich said in the press release that the platform's Cardano integration will bolster user options, aligning with its ideals. Trending: New to crypto? on Coinbase. 'Our partnership with IO reflects Brave's commitment to building a Web3 that maximizes interoperation for user choice, while giving them better tools to engage with decentralized ecosystems,' he said. The collaboration has been met with significant excitement from the Cardano community. Brave boasts over 80 million monthly active users, making it a potential channel for significant adoption. The browser's privacy focus also aligns with core cryptocurrency ethos. Hoskinson said in an X post that the recent Brave announcement is the first in a series of 'broken windows deals that originated from Midnight negotiations' that will be announced in the summer and fall. 'It was long overdue, they originally could have been engaged in 2022,' he wrote. 'A certain entity dropped the ball, we got ignored. There are several dozen deals like this for Ada and Cardano Native Assets. Midnight has picked up the baton and started finishing them. Many many more to come!' Cardano is the ninth largest blockchain by market capitalization with $29.3 billion. Amid recent positive developments, the network's native token ADA is trading at $0.83 as of last look, up nearly 2% on the day and over 22% in the past seven days. Read Next: A must-have for all crypto enthusiasts: . Hasbro, MGM, and Skechers trust this AI marketing firm — Image: Shutterstock Send To MSN: 0 This article 'Many More To Come!' Cardano Founder Teases Exciting Summer As Brave Announces Wallet Integration originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
