{"id":33279,"date":"2022-10-27T08:49:26","date_gmt":"2022-10-27T08:49:26","guid":{"rendered":"http:\/\/egrowonline.com\/?p=33279"},"modified":"2022-10-27T08:49:26","modified_gmt":"2022-10-27T08:49:26","slug":"cardano-ada-gains-over-11-in-value-over-the-week","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=33279","title":{"rendered":"Cardano (ADA) Gains Over 11% In Value Over The Week"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400\">ADA, the native token of the Cardano blockchain, is on a bullish run. The token has gained over 13% in terms of price movements as it tries to recover its October losses. ADA also boasted significant gains earlier today; however, it is down 1.46% at $0.4046.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cardano\u2019s weekly gains are not the only thing community members are celebrating. The blockchain\u2019s NFT sector has also experienced substantial gains. Cardano community members also hope that some big changes will come to the blockchain this November.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Cardano Gains Over 13% As European Parliament Member Calls It A \u201cRocket\u201d<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Cardano has bagged impressive gains in the last 7 days, leaving traders with an overall gain of more than 13%. The blockchain network\u2019s activity in the last 24 hours also shows a substantial increase in trading volume and number of transactions. Specifically, ADA outpaced the market with a 150% increase in trading volume in the last day alone.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The token\u2019s <a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\" rel=\"noopener\">weekly chart<\/a> also showed impressive gains. ADA increased by over 13%, making it one of the top performers among all cryptocurrencies. The ADA\/USD pair broke above the resistance level of $0.36, which could be considered a positive sign for investors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The recent surge in ADA prices comes after a European parliament member called the cryptocurrency \u201ca rocket in the crypto space.\u201d MEP Stefan Berger <\/span><a target=\"_blank\" href=\"https:\/\/twitter.com\/DrStefanBerger\/status\/1584916390225518592\" rel=\"noopener\"><span style=\"font-weight: 400\">commented<\/span><\/a><span style=\"font-weight: 400\"> on Twitter after his encounter with Frederik Gregaard, CEO of the Cardano Foundation.\u00a0<\/span><\/p>\n<figure id=\"attachment_508068\" aria-describedby=\"caption-attachment-508068\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-508068\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-27_02-56-36-860x473.png\" alt=\"ADAUSD\" width=\"860\" height=\"473\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-27_02-56-36-860x473.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-27_02-56-36-460x253.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-27_02-56-36-768x422.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-27_02-56-36-750x412.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-27_02-56-36.png 979w\" \/><figcaption id=\"caption-attachment-508068\" class=\"wp-caption-text\">ADA\u2019s price is currently trading above $0.40. | ADAUSD price chart from <a target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/\" rel=\"noopener\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400\">ADA listing On FTX Might Be Disastrous, Cardano Founder And BitBoy Argue<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Ben \u201cBitBoy\u201d Armstrong, a crypto influencer, <\/span><a target=\"_blank\" href=\"https:\/\/twitter.com\/Bitboy_Crypto\/status\/1584608309897633794\" rel=\"noopener\"><span style=\"font-weight: 400\">voiced<\/span><\/a><span style=\"font-weight: 400\"> his reservations over ADA listing on FTX on Tuesday, Oct. 24. BitBoy tweeted that FTX might compel bankrupt crypto broker Voyager to liquidate all ADA holdings with the spot pair listing. In response, Cardano co-founder Charles Hoskinson said that Voyager ADA accounts should not be liquidated if FTX begins trading ADA. FTX\u2019s CEO, Sam Bankman-Fried, has been silent thus far.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">ADA Experiencing A Mini Bull-Run, Cardano Educator<\/span><\/h2>\n<p><span style=\"font-weight: 400\">A popular Cardano influencer has remarked that the crypto is in the midst of a bull run. The influencer, known pseudonymously as ADA Whale, made the <\/span><a target=\"_blank\" href=\"https:\/\/twitter.com\/cardano_whale\/status\/1584828488816951296\" rel=\"noopener\"><span style=\"font-weight: 400\">statement<\/span><\/a><span style=\"font-weight: 400\"> on Twitter yesterday (October 25th) while referring to the network\u2019s recent activities. The influencer wrote: <\/span><\/p>\n<blockquote>\n<p><i><span style=\"font-weight: 400\">We\u2019re in the midst of a mini bull run in network activity with daily txn tending to 100k at a blockchain load of 50%.<\/span><\/i><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">The educator noted two factors were responsible for the bull run. \u201cThe uptick is mostly thanks to the NFTs bull run, but trading on dexes has also notably picked up in recent weeks,\u201d ADA Whale added.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Prior to this, the Cardano educator made <\/span><a target=\"_blank\" href=\"https:\/\/twitter.com\/cardano_whale\/status\/1583658238025011200\" rel=\"noopener\"><span style=\"font-weight: 400\">bullish predictions<\/span><\/a><span style=\"font-weight: 400\"> about the token. He noted that Cardano would \u201cexplode\u201d in the next bull cycle once \u201cDeFi, NFTs, and community engagement\u201d start taking off. The educators mentioned that institutional investors appear to be losing interest in layer one (\u201cL1\u201d) blockchains. Therefore, it should provide space for Cardano (with its highly devoted and passionate community) to \u201cthrive.\u201d<\/span><\/p>\n<pre style=\"text-align: center\">Featured image from Pixabay and chart from TradingView.com<\/pre>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiVmh0dHBzOi8vd3d3Lm5ld3NidGMuY29tL2FuYWx5c2lzL2FkYS9jYXJkYW5vLWFkYS1nYWlucy1vdmVyLTEzLWluLXZhbHVlLW92ZXItdGhlLXdlZWsv0gEA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ADA, the native token of the Cardano blockchain, is on a bullish run. The token has gained over 13% in terms of price movements as it tries to recover its October losses. ADA also boasted significant gains earlier today; however, it is down 1.46% at $0.4046. Cardano\u2019s weekly gains are not the only thing community [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":33280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[340,266,615,339],"class_list":["post-33279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ada","tag-cardano","tag-gains","tag-week"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/cardano-6.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33279"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33279\/revisions"}],"predecessor-version":[{"id":33281,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33279\/revisions\/33281"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/33280"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33279"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}