Cardano (ADA): News Hebdo – Analysis – Price prediction for the crypto ADA





Cardano is designed to evolve in the same way as Ethereum, as a blockchain executing smart contracts. Due to its superior scalability, high fees and high transaction underperformance, it is ranked as the second largest cryptocurrency.

Cardano (ADA) price: what is the current price?

Here is the live price of Cardano.

Cardano’s news of the day as of 05/11/2022:

Charles Hoskinson, the founder of Cardano, made output more or less noticed Tuesday on his Twitter account. He attacked Terra’s founder Do Kwon after the respective drops to $24 and $0.70 of the cryptocurrency LUNA and the stablecoin TerraUSD,** the blockchain’s two native currencies.

He was responding to a previous tweet from Do Kwon who wrote when ADA was going through a bad patch “We Could Buy $A”ADVERTISEMENT for a negative correlation. Charles Hoskinson wrote about him “Should I buy Luna for a negative correlation? † It should be noted that the term negative correlation is used when two assets have opposite trajectories.

Currently around $0.63, ADA’s price has the potential to rise for the rest of the year according to forecasts from Investment† If it manages to reach $1.50, you could imagine it climbing to $2.

Medium term opinion: This may interest you: Solana (SOL) Opinion: Should you invest at the current price? Analysis, forecast & weekly newsthe price could drop to $1.2.

Long term notice : The support at $1.2 is a zone of strong rebounds that could see Cardano reach $2.

Our overall opinion on crypto (ADA) before 2022

  • ADA Global Mirror Mag Rating: 7/10

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The Cardano project has become increasingly popular in 2021 with improvements to the smart contract project. On the other hand, the fact that the network lacks native DeFi functionality is a drawback and other more competitive blockchains like Solana overshadow it.

ADA has shown high volatility in 2021, rising from $3 to $1.2. Other more recent cryptocurrencies have shown to be more stable over the same period.

The price may hover around $1 for a while.

ADA’s long-term prospects are mixed, with a $1 split expected due to the loss of competitiveness of its blockchain.

Conclusion – should you invest in Cardano crypto? Where and how to buy?

Faced with competition, Cardano is losing ground and other cryptocurrencies like Solana will overshadow it.

To trade this cryptocurrency, the eToro broker is best suited. In addition to buying tokens, this platform allows you to trade crypto CFDs in the short term without having to hold onto the tokens.

  • Step 1 : Use the search bar of the eToro platform to find the cryptocurrency.
  • 2nd step : Then click “Invest” to enter the amount of cryptocurrency to buy and validate the transaction.

Read This article to find out how to buy cryptocurrency on eToro.

68% of retail investor accounts lose money when trading CFDs with this provider. You need to ask yourself if you can afford to take the high risk of losing your money.

To invest in this cryptocurrency by holding it in a wallet, go to the Binance platform.

  • Step 1 : Go to the “Buy cryptos” tab and then choose the payment method of your choice.
  • 2nd step : Select the crypto you want to buy and proceed with the secure payment. Then the cryptocurrencies are credited to the special wallet.

Read This article to find out how to buy cryptocurrency on Binance.

Helpful Resources for Investing in Cardano (ADA)

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