ADA Bounces After Retesting Previous All-Time High – BeInCrypto

Cardano (ADA) has been moving downwards since reaching an all-time high price of $2.51 on May 16.
It decreased sharply between May 16 and May 19, validating the previous all-time high resistance as support. However, technical indicators fail to confirm the direction of the trend.

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Mark Cuban Roots for Cardano, Engages with Hoskinson on Twitter – BeInCrypto

Billionaire and entrepreneur Mark Cuban has voiced interest in Cardano (ADA) in a busy spell on social media.
The Shark Tank personality engaged in a Twitter conversation with ADA’s CEO Charles Hoskinson on May 15. A conversation that began with Cuban questioning what ADA can actually be used for.

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Cardano (ADA) Breaks out After Consolidation to hit All-Time High at $1.70 – BeInCrypto

Cardano, one of the biggest competitors of Ethereum (ETH) in the blockchain ecosystem industry, reached the new all-time (ATH) at $1.70 yesterday. The new record follows a long consolidation, so we can expect a continuation of long-term upward trend.

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ADA Overtakes XRP as Fourth Largest Cryptocurrency – BeInCrypto

Cardano’s star is on the rise, as its ADA token overtook XRP in fourth place by market cap on the morning of Feb. 7.

As more users start interacting with DeFi (decentralized finance) on Ethereum, transaction fees are rising. This leads to the greater adoption of “Ethereum killers”.

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Cardano Jumps on Multi-Asset Main Chain Transactions – BeInCrypto

Cardano (ADA)users are set to get the ability to transact on the Cardano network using their own custom-built tokens.

Major Utility Boost
The Input Output (IOHK) team recently announced that Cardano (ADA) users will be able to create and use custom tokens for transaction on its network.

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Cardano (ADA) Targets $0.12 but Hasn’t Confirmed Upward Trend Yet

The Cardano (ADA) price has been increasing since Sept 23. While the rise has been significant, the price has yet to move above a crucial resistance level.

Therefore, the current rally may be a retracement rather than the beginning of a new upward trend.

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