Latest generation state of the art lending protocol
Over the last decade, the decentralized Finance (DeFi) space has been forced to evolve in order to keep pace with the development of the digital asset market.

The ADA Lend protocol will power the new wave of flexible financial markets by serving as a foundational layer for instant loan approval, automated collateral, trustless custody and liquidity.

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ADALend

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<p>Cardano has been actively participating in the altcoin market rally with the ADA price shooting 8% over the last 24 hours, moving all the way past $0.30. At press time, ADA is trading at $0.31 with trading volumes shooting by 15% to more than $358 million.</p>
<h3>ADA Price Expectations for November</h3>
<p>Historical data from CryptoRank provides a nuanced perspective. When considering the price history, the Cardano token has displayed an impressive average monthly return of 43.5% in November. Nevertheless, a more cautious interpretation, the median monthly return, suggests a decline of -2.5%.</p>
<p><img src="https://cnews24.ru/uploads/6ba/6ba5419e23b7d030e13bfa92e53aa5b587b7a9d9.jpg" /></p>
<p>Courtesy: CryptoRank</p>
<p>A closer examination of ADA’s historical performance reveals a range of outcomes. Looking back over the past five years, only one November, which was three years ago, concluded with a notable positive result, marking an 84% gain. Given this historical context, ADA holders are confronted with two potential scenarios for November: a robust surge of 43.5%, leading to a value of $0.41 per token, or a dip to $0.279 per ADA.</p>
<p>Data sourced from IntoTheBlock suggests growing confidence among ADA holders. Over the past few months, long-term confidence in ADA’s price has notably increased, with the number of addresses holding ADA for extended periods reaching a remarkable 2.7 million. Interestingly, there has been a noticeable decrease in the count of addresses holding ADA for less than a year, indicating a significant shift in the ‘hodling’ mentality among investors.</p>
<p><img src="https://cnews24.ru/uploads/940/940a34d3195c630d9ebb4ac56d308a1262a42912.png" /></p>
<p>Courtesy: IntoTheBlock</p>
<h3>Key Cardano Developments</h3>
<p>In a recent statement, Charles Hoskinson, the co-founder of Ethereum and the founder of Cardano, addressed concerns within the Cardano community. Hoskinson emphasized that IOG (Input Output Global), the organization behind Cardano’s development, is dedicated to building and expanding the Cardano ecosystem and bringing new users and experiences to the platform.</p>
<p>Hoskinson acknowledged the significant contributions of various projects and individuals to the ecosystem, highlighting Nami, Midnight, and others. He stressed that IOG, like any DApp (decentralized application) company on Cardano, offers products and services with the goal of onboarding millions of users to the platform.</p>
<p>Hoskinson further emphasized the organization’s transparency in sharing its plans and projects with the community. He also mentioned CIP 1694, which aims to enhance Cardano’s ecosystem, and clarified that IOG’s goal is to create the best wallet in the entire cryptocurrency space and introduce Bitcoin and Ethereum users to Cardano over time.</p>
<p><strong><a href="https://coingape.com/ada-price-shoots-past-0-30-will-cardano-outperformance-continue-in-november/?utm_source=CryptoNews&amp;utm_medium=app" target="_blank">Source</a></strong></p>
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Elevenews

ADA Price Shoots Past $0.30, Will Cardano Outperformance Continue In November? - ELEVENEWS

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<p><strong>Cardano (ADA) price continues languishing below the $0.25 territory, as the global crypto markets gained $6 billion this week. On-chain analysis examines vital metrics that could potentially double ADA prices.</strong></p>
<p>Cardano price remains sticky, while other prominent mega-cap assets like Bitcoin (BTC) and Solana (SOL) have posted double-digit weekly gains. What vital on-chain metrics can trigger an ADA price breakout?</p>
<h2>Cardano Whales Acquire 120M ADA in October, But There’s a 520M Deficit</h2>
<p>Cardano’s price hit a yearly peak of $0.46 on April 15, 2023, as the crypto markets reacted positively to Ethereum’s successful Shanghai network upgrade.</p>
<p>Events that unfolded in the subsequent weeks show that Cardano whales (wallets with a 1 million ADA minimum balance) capitalized on the price rally to take profits.</p>
<p>Between April 19 and May 20, the whales rapidly sold off 1.98 billion ADA coins. As depicted in the <em>Santiment</em> chart below, that month-long selling frenzy triggered a 24% price decline from $0.46 to $0.35.</p>
<p><img src="https://cnews24.ru/uploads/213/2133936f52a968364c64305589f4e630ee8cf8ed.png" /></p>
<p>Cardano (ADA) Whales Wallet Balances vs. Price | Source: Santiment</p>
<p>More recently, the Cardano whales have acquired 120 million ADA coins (~$30 million) between October 1 and October 20. This has brought their balances to 21.36 billion ADA, the highest since the sell-off that ensued after hitting the 2023 price peak.</p>
<p>The $30 million buying wave in October is a giant stride for the bulls. But notably, when Cardano’s price hit the yearly peak of $0.46 on April 15, the whales held a cumulative balance of 21.88 billion ADA.</p>
<p>Hence, this implies they still have a deficit of 520 million ADA coins to cover to double Cardano’s price from $0.24 and claim a new yearly peak.</p>
<h2>A Significant Increase in Network Participation Rate Could Also Propel Price</h2>
<p>The daily network participation rate is another vital on-chain metric that has powered previous ADA price rallies. According to Santiment, ADA first crossed the $0.40 mark in 2023, just days after Daily Active Addresses hit a yearly peak of 135,400 on February 1.</p>
<p>Albeit at varying levels, subsequent ADA price bounces in April and July 2023 were also preceded by steady and significant spikes in network participation that took Cardano above 70,000 Daily Active Addresses.</p>
<p>Meanwhile, Cardano network participation has been in decline in recent weeks. Having failed to hit the 40,000 mark in two weeks, Cardano recorded just 28,538 Active Addresses on October 19.</p>
<p><img src="https://cnews24.ru/uploads/b3c/b3c2e11506b354e11b4c50fa4448fc33963327f7.png" /></p>
<p>Cardano (ADA) Daily Active Addresses vs. Price | Source: Santiment</p>
<p><em>Daily Active Addresses</em> is a standard metric for measuring a blockchain’s network participation rate. Essentially, a decline in Daily Active Addresses means that fewer users are interacting with products built on the Cardano network.</p>
<p>And with ADA native coin being and utilizing less in daily transactions, it quite explains why the recent price performance has been below the broader industry trends.</p>
<p>In summary, the historical on-chain data trends analyzed above show that Cardano’s price could double if it consistently surpasses 70,000 DAA and the whales re-up their holdings by another 520 million ADA coins.</p>
<h2>ADA Price Prediction: Road to $0.50</h2>
<p>From an on-chain perspective, a significant increase in whale holdings and network participation rate could double Cardano prices. The <em>Global In/Out of Money</em> data depicting current Cardano holders’ entry price distribution highlights key resistance and support levels.</p>
<p>It shows that ADA’s initial resistance around the $0.27 territory is quite significant. As illustrated below, the 417,830 wallets bought 6.4 billion ADA at an average price of $0.27.</p>
<p>If they book early profits, they will likely trigger a premature ADA price pullback. But if the whales intensify their ongoing buying trend, a decisive breakout from $0.27 could send Cardano’s price closer to $0.50.</p>
<p><img src="https://cnews24.ru/uploads/1e0/1e0c77c4e7834bc5dde98d2479c2896f097850d4.png" /></p>
<p>Cardano (ADA) Price Prediction | GIOM data | Source: IntoTheBlock</p>
<p>Still, the bears could invalidate this bullish prediction if ADA price reverses below $0.20. However, the chart depicts that 158,580 addresses purchased 1.49 billion ADA coins at the maximum price of $0.24.</p>
<p>To avoid historical losses, they will likely HODL in hopes of a quick rebound.</p>
<p>But if that vital support buy-wall cannot stand, it could catalyze a prolonged Cardano price reversal toward $0.20.</p>
<p><a href="https://beincrypto.com/cardano-price-double-historical-metrics/?utm_source=CryptoNews&amp;utm_medium=app" target="_blank">Source</a></p>
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Cardano (ADA) Price Could Double if These Historical Metrics Repeat - ELEVENEWS

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<p>Cardano’s native cryptocurrency, ADA, is currently priced at $0.24, ranking it among the year’s worst-performing digital assets. Over the past eight months, ADA has shown minimal price growth, resulting in negligible returns for its investors. Presently, the cryptocurrency is experiencing a period of sideways trading, which has led to a prevailing bearish sentiment. Given these challenges faced by Cardano’s native token, can it reverse its bearish trajectory and transition into a bullish phase in the years ahead? In this article, we will offer a price forecast for ADA and explore its potential upward trajectory by the end of the decade in 2030.</p>
<figure><img src="https://www.tronweekly.com/wp-content/uploads/2023/09/image-53-2.jpg" alt="Cardano" /></figure>
<h2>Cardano’s ADA: $6 Price, 2,500% Spike</h2>
<p>Leading analytics and price projection company Changelly has presented an optimistic outlook for ADA over the long run. According to their projections, ADA could potentially attain a peak of $6.28 by 2030, maintaining an average trading price of $3.76. The forecast suggests a remarkable 2,516% surge from its current value, possibly crossing the $6 threshold. Consequently, a $1,000 investment today could potentially grow to $26,000 if the forecast materializes.</p>
<figure><img src="https://www.tronweekly.com/wp-content/uploads/2023/09/image-53-3.jpg" alt="Cardano" /></figure>
<p>However, for this prediction to materialize, it necessitates a robust resurgence of bull markets and their sustained performance over an extended period. It’s important to note, though, that there are no certainties that ADA will reach or surpass the $6 mark. Cryptocurrency markets exhibit high volatility and often move in tandem with global economic conditions. The digital assets sector is renowned for generating substantial profits but is equally infamous for causing significant losses. These markets operate in both directions, underscoring the importance of conducting thorough research before considering an investment in Cardano.</p>
<p>At the time of this report, Cardano’s native token was trading at $0.24, reflecting a 0.3% increase over the past 24 hours. It’s worth noting that this value represents a decline of nearly 92% from its all-time peak of $3.09, which was reached in September 2021.</p>
<p><a href="https://www.tronweekly.com/cardano-ada-price-projections-anticipating/" target="_blank">Source</a></p>
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Cardano (ADA) Price Projections: Anticipating a 2,500% Rally to $6 - ELEVENEWS

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<p>People are talking a lot about Cardano (ADA) and Solana (SOL) lately. But wait, there’s something new in the picture – Everlodge. It’s making waves for a unique reason. Let’s dive into what’s happening, and how it’s changing the world of crypto.</p>
<h2>Cardano’s (ADA) DeFi World Hits $600 Million, but Price Has Challenges</h2>
<p>The Cardano (ADA) network has recently hit a milestone by locking up over $600 million worth of its native tokens in its decentralized finance (DeFi) ecosystem. This marks a significant increase from the beginning of the year, showing the growing interest in Cardano’s (ADA) DeFi applications.</p>
<p>Despite this positive trend, Cardano’s (ADA) price has faced challenges. Currently trading at around $0.2646, Cardano (ADA) has seen a drop of 1.51% in the last 24 hours, and is -3.29% from its 7-day all-time high. Additionally, Cardano (ADA) sits at 91.55% below its all-time high of $3.10. With a long way to go to reach its peak, Cardano (ADA) seems to be in a tough spot.</p>
<h2>Solana (SOL) Price Drops 18% Despite Record NFT Sales Volume</h2>
<p>Solana (SOL) has been experiencing a rollercoaster ride recently. On one hand, Solana (SOL) managed to outpace Polygon, and become the second-largest network by recording an NFT sales volume of over $1.5 million in just 24 hours.</p>
<p>On the other hand, the development activity on the Solana (SOL) network has dipped by 35%, impacting its trading price, which dropped by 18% in the same period. Currently priced at $20.61, Solana (SOL) is far from its all-time high of $260.06.</p>
<p>However, Solana (SOL) is currently trading much lower than its highest point. This raises worries whether Solana (SOL) can stay strong, and keep growing in the future, especially with these issues.</p>
<h2>Everlodge (ELDG) Tokens Could Surge Up to 280% in Early Sale</h2>
<p>While Cardano (ADA) and Solana (SOL) are being talked about, Everlodge steps in as a new and exciting option. The global real estate industry is worth more than $280 trillion. Everlodge will create a unique way to use blockchain technology to change the hospitality and real estate industry.</p>
<p>Additionally, the platform is the world’s first company to combine fractional vacation home ownership with timeshare and NFTs. The platform will allow people to invest in vacation homes, and fancy villas, even if they only have $100. The platform will use NFTs to split up the properties, and let smaller investors join in.</p>
<p>Here’s how it works: A $10 million apartment in New York City can be turned into an NFT, and divided into 100,000 parts. Each unit is worth $100. If the apartment’s price goes up by 10%, the price of the NFTs will also go up by 10%. Thus, each NFT will be worth $110.</p>
<p>Additionally, the platform will be teaming up with famous property developers, and luxury hotels to make sure they have great assets within their ecosystem. People who own ELDG tokens can also be part of the Rewards Club, which will give them free stays, and a chance to make money by selling their rewards. Currently, Everlodge tokens only cost $0.012 in the early sale, but they are expected to grow by 280% within a few weeks.</p>
<p><a href="https://www.hindustantimes.com/brand-stories/cardano-ada-vs-solana-sol-dilemma-explore-everlodge-eldg-101693483899702.html" target="_blank">Source</a></p>
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ADALend ($ADAL)

Scalable and decentralized lending protocol governed by DAO.

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