Logo
Cardano Ecosystem

Thenewscrypto

06/27/2021

·

841 views


Crypto Investors Still Buy Cardano (ADA) in Dip Amid Market Crash

Many investors still buy cryptocurrency Cardano (ADA) in Dip.Bitcoin and other major altcoins show bearish signals. Cardano partners With Orion Protocol. CoinMarketCap data shows that Bitcoin and other major altcoins show bearish signals. However, many investors wonder whether this drop...

Crypto Investors Still Buy Cardano (ADA) in Dip Amid Market Crash
  • Many investors still buy cryptocurrency Cardano (ADA) in Dip.
  • Bitcoin and other major altcoins show bearish signals. 
  • Cardano partners With Orion Protocol.

CoinMarketCap data shows that Bitcoin and other major altcoins show bearish signals. However, many investors wonder whether this drop is just a correction or not. Despite the crypto market crash, many investors still buy Cardano (ADA) in Dip.

Top 10 CryptoTop 10 Crypto (Source: CoinMarketCap)

As shown in the above chart, the whole crypto market cap dropped nearly 100 billion from $1.4 billion to $1.3 billion in the last 24 hours. 

Investors Purchase More Cardano in Dip

Cardano is a proof-of-stake blockchain platform that explains its goal is to allow the changemakers, innovators and visionaries to bring about positive global change.Moreover, the Cardano’s entry into the sector is expected to be a game-changer, especially with its cutting-edge blockchain technology features. 

Crypto investors purchase more Cardano (ADA) in dip. However, purchasing the coin in the dip makes the price of ADA increase. According to CoinGecko, the ADA price is at $1.329, at the time of writing.

Cardano (ADA) Price ChartCardano (ADA) Price Chart (Source: TradingView)

Added to this, the Relative Strength Index of Cardano is at level 59.84, this indicates that ADA is in nearly overbought state. So, the crypto traders need to trade carefully because major price reversal of the crypto could take place.

Relative Strength Index (RSI) of Cardano (ADA)Relative Strength Index (RSI) of Cardano (ADA) (Source: TradingView)

Even more, if more crypto investors turn towards crypto, the price of Cardano (ADA) could reach $5 soon. It may also reach high if investors think ADA is a good investment this year.

Cardano Partners With Orion Protocol

Cardano partners with Orion Protocol. However, making Orion Protocol the first liquid aggregator on Cardano  (ADA). 

Today we’re announcing our partnership with @orion_protocol to build a decentralized ‘one-stop-shop’ for buying and selling cryptocurrencies. #Cardano will be integrated into Orion’s trading terminal, letting Cardano users buy and sell assets on Orion later this year (1/3)

— IOHK Media (@IOHKMedia) June 23, 2021

All-in-all, the partnership helps Orion tap into Cardano’s scalability and to attain Orion’s aim of combining NFT marketplaces and traditional financial markets.

Furthermore, the Cardano platform will soon launch the much-awaited smart contract capability. The upgrade is scheduled for September 2021, which is an event that looks to keep investor interest high.

Recommended for you

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Thenewscrypto

ORIGINAL SOURCE

https://thenewscrypto.com/crypto-investo...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Thenewscrypto

See more
Cardano Repeats Pattern That Once Triggered 1500% ADA Price Boom as Little Pepe (LILPEPE) Prepares for 34x Upside
Thenewscrypto
Cardano Repeats Pattern That Once Triggered 1500% ADA Price Boom as Little Pepe (LILPEPE) Prepares for 34x Upside

yesterday at 4:38 AM

·

3 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)