Cardano

Bitcoin

Notable

<ul>
 <li>Cardano addresses holding a total of 2.71 billion tokens have now achieved break even.</li>
 <li>At the time of writing, ADA is trading at $0.48, down 0.38% in the last 24 hours.</li>
</ul>
Cardano (ADA), has seen an incredible surge in value today. The ADA price has risen over $0.49 level due to the most recent spike. Therefore, after initially losing money due to the ongoing falls, <a href="https://thenewscrypto.com/cardanos-path-to-turning-1000-into-1000000-heres-when-ada-could-surge/" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> addresses holding a total of 2.71 billion tokens have now achieved break even.
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img decoding="async" width="1024" height="683" src="https://thenewscrypto.com/wp-content/uploads/2024/05/ADA_7D_graph_coinmarketcap-1024x683.png" alt="" class="wp-image-98576" style="width: 100%;height:auto" srcset="https://thenewscrypto.com/wp-content/uploads/2024/05/ADA_7D_graph_coinmarketcap-1024x683.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/05/ADA_7D_graph_coinmarketcap-300x200.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/05/ADA_7D_graph_coinmarketcap-768x512.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/05/ADA_7D_graph_coinmarketcap.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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 Source: <a href="http://CoinMarketCap.com" rel="noopener noreferrer nofollow">CoinMarketCap</a>
 </figcaption>
 </figure>
</div>
At the time of writing, ADA is trading at $0.48, down 0.38% in the last 24 hours as per data from <a href="http://coinmarketcap.com" target="_blank" rel="noopener noreferrer nofollow">CMC</a>. Into The Block’s on-chain statistics show that Cardano addresses that bought ADA at $0.47 on average have finally managed break even. Consequently, these investments will provide a return if the market continues to increase. Moreover, if the price manages to hold above $0.46 level, then it will likely continue the positive momentum.
<h3 class="wp-block-heading" id="h-ada-btc-bottomed-out">ADA/BTC Bottomed Out?</h3>
In addition, with the ADA/BTC just reaching rock bottom, experts believe Cardano is preparing for a rebound. Notable crypto expert Sebastian recently analyzed the market and pointed out several positive indicators for Cardano (ADA) relative to Bitcoin (<a href="https://thenewscrypto.com/spot-bitcoin-etfs-thrives-back-as-may-inflows-offset-april-outflows/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>). The ADA/BTC chart seems to have bottomed out, suggesting a possible bullish turnaround, according to Sebastian.
As per data from <a href="http://tradingview.com" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> on Thursday, May 16, the pair touched a low of 0.00000680. A subsequent revival was seen by the ADA/BTC pair. To top it all off, it increased 0.28% to 0.00000723 in only 24 hours. In addition, the expert highlighted the existence of divergence that is optimistic. This technical signal is pointing to a possible easing of the downtrend and an impending rise in the price of Cardano.
A key resistance level, established above 0.0000079, was highlighted by the analyst. For investors seeking to maximize gains, ADA is a strong contender if it can break above this barrier, according to Sebastian. This might ignite a prolonged surge.
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Cardano (ADA) Price Surges to $0.49, Bullish Turnaround?

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