{"id":142375,"date":"2024-11-15T20:30:08","date_gmt":"2024-11-15T18:30:08","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142375"},"modified":"2024-11-15T20:25:17","modified_gmt":"2024-11-15T18:25:17","slug":"cardano-defies-recent-market-downturn-with-a-20-surge-here-is-why","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cardano-defies-recent-market-downturn-with-a-20-surge-here-is-why\/","title":{"rendered":"Cardano Defies Recent Market Downturn With a 20% Surge – Here is Why"},"content":{"rendered":"

Bitcoin<\/a> <\/strong>slipped below $90,000, dipping<\/a> <\/strong>briefly under $87,000, while Ethereum<\/a> <\/strong>fell to just almost $3,000. The memecoin market also experienced a dip.<\/p>\n

In contrast, Cardano\u2019s ADA<\/a> <\/strong>stood out as one of the few cryptocurrencies defying the downturn. The token surged by 19.5% in the past 24 hours, trading above $0.67 after briefly reaching $0.70 earlier today \u2013 its highest price since mid-March.<\/p>\n

\"\"<\/a><\/p>\n

Cardano has surged over 50% in the past week and reached a market cap of around $23.5 billion, with a 24-hour volume of $3.6 billion.<\/p>\n

\n
Read More:<\/h5>\n \n
\n \n \n <\/span>\n <\/div>\n
\n

Cardano Prepares Major Upgrades That Could Reshape Its Future<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

The rally came as Charles Hoskinson, Cardano\u2019s creator, revealed his involvement in a proposed group tasked with crafting a cryptocurrency regulatory framework under the Trump administration. This announcement sparked renewed interest in ADA, propelling it upward despite broader market declines.<\/p>\n

In the past 24 hours $8.58 million were liquidated<\/a> <\/strong>from ADA\u2019s futures markets \u2013 $4.86 million in long positions, and $3.72 million in shorts.<\/p>\n

The 1-day technical analysis from TradingView shows a bullish picture \u2013 the summary and moving averages point to \u201cstrong buy\u201d at 16 and 14, respectively, while oscillators show \u201cbuy\u201d at 2.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market saw widespread declines today, with many major assets losing ground following recent surges.<\/p>\n","protected":false},"author":7,"featured_media":39028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[72,112,271,108,122],"coin_category":[],"class_list":["post-142375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin","tag-cardano","tag-ethereum","tag-price","tag-trump"],"acf":[],"yoast_head":"\nCardano Defies Recent Market Downturn With a 20% Surge - Here is Why<\/title>\n<meta name=\"description\" content=\"The cryptocurrency market saw widespread declines today, with many major assets losing ground following recent surges.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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