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Crypto

Cardano trading volume and open interest rise, raising bullish signal question

Cardano (ADA) extended its rebound from a June low as its 24-hour trading volume rose more than 33 percent. ADA has recovered its 26-day and 50-day exponential moving averages and climbed to around $0.197, with the market watching whether it can break above the 100-day moving average, a key resistance level this year. Futures activity increased across major exchanges, and rising open interest suggested possible new inflows.

Crypto

Cardano posts top weekly gain among top 100 crypto assets as whale buying and development progress draw focus

Cardano has risen 25.03 percent over the past seven days, the biggest weekly gain among the top 100 cryptocurrencies by market value. ADA briefly climbed to $0.1956 on Aug. 4, according to The Crypto Basic. Santiment highlighted a drop in wallets with balances, while saying large investors increased accumulation. Whale wallets bought 240 million ADA in five days, lifting holdings to 14.5 billion ADA. Santiment also cited progress in testnet and scaling work.

Crypto

Charles Hoskinson says Cardano technology advances but standing slips, strategy needs change

Cardano founder Charles Hoskinson said Cardano\'s technology has improved significantly since 2024, but its market assessment and industry standing have not kept pace. He pointed to the Ouroboros Leios upgrade as evidence of technical progress, while acknowledging weak market performance. ADA has fallen to around $0.18 from a peak of $1.31 after the 2024 U.S. election. Hoskinson also floated creating a political party to form DReps for on-chain governance participation.