Aada is a decentralized money market protocol that enables users to lend and borrow cryptocurrencies in a trustless manner. There is a wide variety of cryptocurrencies to choose from. With addition of Cardano ERC20 converter, Aada will bring must-have functionality to DeFi ecosystem.

Cardano ERC20 converter will bring massive asset amounts into the cheaper-to-transact Cardano blockchain. The converter will allow issuing organizations and their users to handle ERC20 token migration to Cardano. Users can convert their Ethereum tokens in just a few clicks, and when moved across, these tokens will be ‘translated’ into a special native token on Cardano that has the same value and works just like an ERC20.

POOLED LENDING PROTOCOL (PLP) Using pooled lending mechanism we are able to make lending easier and more available. Pooled assets make it easier to borrow and pooled assets can be used for other functions such as Flash Loan. Aada is first of its kind DeFi lending protocol on Cardano. Using Aada you can:

Lend and earn interests Borrow by providing overcollateralized assets Borrow undercollateralized (a.k.a flashloan) Swap deposited assets. Flashloans will allow to instantly swap deposited assets without withdrawing and re-depositing With extremely low transaction fees and the most valuable financial functionality – lending, Aada is expected to attract large user adoption and token holders.

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Aada

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<li><strong>Cardano’s ADA reached a 2.5-year high of $0.90, gaining 152% this month.</strong></li>
<li><strong>Whale holdings now exceed $12 billion, indicating strong accumulation.</strong></li>
</ul>
<p>Cardano’s native token ADA surged to a 2.5-year high of $0.90 on Friday, marking its strongest performance since May 2022. This rally reflects growing interest from large investors and institutions, positioning the token for further gains.</p>
<p>Cardano is <a href="https://www.tradingview.com/chart/xTeB2FRP/?symbol=BINANCE%3AADAUSDT" target="_blank">currently</a> trading at $0.8853 on Friday, its highest level since May 2022. The token surged 12.57% in 24 hours, supported by rising on-chain activity and institutional interest. ADA’s market capitalization climbed to $31.03 billion, making ADA the 10th-largest digital asset globally. while its trading volume jumped 22.73% to $3.48 billion in the past day. </p>
<p>Its market capitalization now stands at $30.85 billion, making ADA the 10th-largest digital asset globally. On-chain data shows whales are driving this rally. These high-value addresses, holding over $10 million worth of ADA, now collectively own more than $12 billion of the token. Tagus Capital noted a 300% increase in large transactions involving ADA over the past two weeks, highlighting significant institutional participation.</p>
<p>Capital rotation from <a href="https://thenewscrypto.com/is-bitcoin-ready-to-hit-100k-after-reaching-a-new-ath-99-3k/" target="_blank">Bitcoin</a> (BTC) to alternative cryptocurrencies is contributing to ADA’s rise. Bitcoin recently crossed $99,000, approaching the $100,000 milestone, which has fueled excitement across the crypto market. Amid this bullish sentiment, Cardano’s proof-of-stake blockchain is drawing attention for its scalability and potential use cases.</p>
<p>Charles Hoskinson, Cardano’s <a href="https://thenewscrypto.com/cardano-ada-founder-advances-multi-pronged-push-for-us-crypto-regulation/" target="_blank">founder</a>, hinted at possible collaborations with the Trump administration to promote crypto-friendly policies. This development has amplified sentiment around ADA, according to Tagus Capital’s latest report.</p>
<h3 id="h-cardano-in-today-s-market">Cardano In Today’s Market</h3>
<p>The technical indicators for Cardano’s ADA highlight its<a href="https://x.com/Cardano" target="_blank"> strong </a>bullish momentum. The current support level lies at $0.5778, providing a solid base for any potential retracement, while the price is testing resistance at $0.92. A breakout above this resistance could propel ADA towards the psychological $1.00 mark, with further upside possible if buying momentum persists. </p>
<p>The Relative Strength Index (RSI) stands at 85.95, indicating overbought conditions, while the RSI average of 80.80 suggests sustained bullish activity. However, such levels often signal the possibility of a short-term consolidation or minor pullback before the next upward move. Moving averages reinforce the bullish sentiment, with the 9-period moving average at $0.7477 and the 21-period moving average at $0.5778, both significantly below the current price. </p>
<p>The recent golden crossover, where the short-term moving average crossed above the long-term moving average, confirms a robust uptrend and indicates the potential for continued price increases. If ADA successfully breaks above $0.92, the next target could be $1.00, which serves as both a psychological barrier and a key resistance level. </p>
<p>However, a failure to sustain this momentum could see prices revisiting support levels near $0.7477 or even $0.5778. Despite the overbought conditions, the golden crossover and overall momentum suggest that ADA is well-positioned for further gains in the near term, particularly if it continues to attract institutional interest and large-scale accumulation.</p>
<p><strong>Highlighted Crypto News Today<br /></strong><a href="https://thenewscrypto.com/can-mog-coin-sustain-its-20-surge-and-break-its-ath/" target="_blank">Can Mog Coin Sustain Its 20% Surge and Break Its ATH?</a></p>
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			<p>Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.</p>
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Thenewscrypto

Cardano's ADA Hits 2.5-Year High as Whales Surge 300%

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						<div><a target="_blank" href="https://blocknews.com/wp-content/uploads/2024/11/cardano-weak.webp"><p><img srcset="https://blocknews.com/wp-content/uploads/2024/11/cardano-weak-750x375.webp 750w, https://blocknews.com/wp-content/uploads/2024/11/cardano-weak-360x180.webp 360w, https://blocknews.com/wp-content/uploads/2024/11/cardano-weak-1140x570.webp 1140w" src="https://blocknews.com/wp-content/uploads/2024/11/cardano-weak-750x375.webp" alt="Cardano Faces Potential Price Correction After November Surge" title="Cardano Faces Potential Price Correction After November Surge" /></p></a></div>
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<li><strong>Cardano’s price has risen by 140% in November, fueled by market optimism.</strong></li>
<li><strong>Technical indicators suggest a possible 35% drop, with $0.513 as a downside target.</strong></li>
<li><strong>Declining volume and bearish patterns raise concerns about sustainability of ADA’s rally.</strong></li>
</ul>
<p>Cardano’s ADA token has seen remarkable growth this month, surging by 140% to $0.8341. This rally has been partially attributed to Donald Trump’s reelection and his administration’s anticipated crypto-friendly policies. However, analysts caution that technical signals point to a potential correction in the near term.</p>
<h3>Bearish Patterns and Weakening Momentum</h3>
<p>On the four-hour chart, <a target="_blank" href="https://blocknews.com/wp-content/uploads/2024/11/The-Potential-Impact-of-a-Cardano-Ripple-Alliance.jpg" title="The Potential Impact of a Cardano-Ripple Alliance">Cardano</a> is forming a “rising wedge,” a bearish pattern that often signals a trend reversal. If ADA’s price breaks below the lower boundary of this wedge, it could fall as low as $0.598 in a short-term scenario, with a more extreme target at $0.513. Both levels align with significant support areas, including the 200-4H exponential moving average (EMA).</p>
<p>According to <a href="https://www.tradingview.com/chart/?symbol=BINANCE%3AADAUSDT" target="_blank" title>TradingView</a> data, trading volume has declined during ADA’s recent price surge, adding weight to the bearish outlook. This divergence between rising prices and falling volume suggests weakening buying momentum. Additionally, the relative strength index (RSI) has reached 68, close to the overbought threshold of 70, further indicating that ADA’s upward trend may soon lose steam.</p>
<figure><img title="Image" src="https://blocknews.com/wp-content/uploads/2024/11/image-246-1024x566.png" alt srcset="https://blocknews.com/wp-content/uploads/2024/11/image-246-1024x566.png 1024w, https://blocknews.com/wp-content/uploads/2024/11/image-246-300x166.png 300w, https://blocknews.com/wp-content/uploads/2024/11/image-246-768x424.png 768w, https://blocknews.com/wp-content/uploads/2024/11/image-246-1536x849.png 1536w, https://blocknews.com/wp-content/uploads/2024/11/image-246-750x414.png 750w, https://blocknews.com/wp-content/uploads/2024/11/image-246-1140x630.png 1140w, https://blocknews.com/wp-content/uploads/2024/11/image-246.png 1944w" /></figure>
<p>Source: <a href="https://www.tradingview.com/chart/?symbol=BINANCE%3AADAUSDT" target="_blank" title>TradingView</a></p>
<h3>Weekly Chart Signals Larger Correction Risks</h3>
<p>The weekly chart provides additional bearish signals, with $0.90 identified as a key resistance level. Historically, ADA has struggled to maintain gains above this level, experiencing significant drops of 65%-75% after testing it in March 2024 and April 2022. If a similar correction occurs, ADA could target support near $0.476, marked by the 200-week EMA.</p>
<p>The weekly RSI, now at 77 and firmly in overbought territory, supports the possibility of a long-term correction. Analysts suggest that a sustained rally would require a breakout above the wedge pattern with increased trading volume, which could pave the way for testing $0.90 and beyond.</p>
<p>While Cardano’s fundamentals may improve under a pro-crypto regulatory environment, the current technical setup underscores the risks of a short-term pullback as traders remain cautious about ADA’s next move.</p>
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BlockNews

Cardano Faces Potential Price Correction After November Surge

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<ul>
<li><strong>Cardano has regained momentum, rising over 13% to trade at the $0.84 mark.</strong></li>
<li><strong>The daily trading volume of ADA surged over 61% to $2.74 billion.</strong></li>
</ul>
<p>The cryptocurrency market exhibits mixed trends, with assets rising and falling. With Bitcoin’s steady momentum, major altcoins like Ethereum, Solana, and XRP fluctuate and face varying levels of volatility. While looking at Cardano (ADA), it has registered a 13.35% gain over the past 24 hours. </p>
<p>In the early hours, ADA visited its lowest trading level at $0.7239 and eventually ascended to the current price range. As of the current time, Cardano trades at $0.8409, with its daily trading volume reaching $2.74 billion, as per CMC <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank">data</a>. </p>
<p>Notably, Cardano has gained over 58.24% in the past seven days. ADA hit a weekly high of $0.8069 from a low of $0.5332. However, the bullish outlook favors the asset avoiding a deeper slide. </p>
<p>As per Santiment <a href="https://x.com/santimentfeed/status/1859104552189825401" target="_blank">data</a>, Cardano with its transaction volume reached a 7-month high, and over 8,900 whale transactions were recorded for the second consecutive week. The asset’s price ratio against Bitcoin is also nearing an 8-month high. Such activity levels, like in June, have preceded notable price surges with over 26% increase in the ADA/BTC pairing.</p>
<p>On the other hand, the large-scale Cardano holders with over $10 million in ADA, have <a href="https://x.com/ali_charts/status/1859094317819715649" target="_blank">increased</a> their holdings, by 145.72%, over the past month. This accumulation suggests strong whale activity. </p>
<h3 id="h-what-lies-ahead-for-ada">What Lies Ahead for ADA?</h3>
<p>The current market <a href="https://in.tradingview.com/chart/AHwivr5C/?symbol=BINANCE%3AADAUSD" target="_blank">sentiment</a> of ADA is approaching the overbought zone with the daily relative strength index (RSI) positioned at 71. Besides, the asset’s short-term 9-day moving average is found above the long-term 21-day moving average at $0.763 and $0.744, respectively. </p>
<p>Cardano’s daily price chart exhibits an upside correction after breaking the crucial price ranges. Cardano’s uptrend factors could propel the asset to hit and test a high of $0.8846. An extended <a href="https://thenewscrypto.com/can-cardano-ada-reach-the-1-milestone-soon/" target="_blank">bullish trend</a> might push ADA to climb to a level higher than $0.92. </p>
<p>On the contrary, if the ongoing momentum reverses, ADA might slip to the downside, testing the nearby support at $0.7943. If the altcoin continues to trade on the downside, it could further retrace down to $0.7334.</p>
<p>The technical analysis of ADA suggests the existing positive sentiment as the Moving Average Convergence Divergence (MACD) line settled above the signal line. This suggests the potential emergence of a bullish trend.  </p>
<p>In addition, the Chaikin Money Flow (CMF) indicator of ADA is found at 0.21, which refers to the increased demand and positive money flow within the market. Notably, the trading volume of the asset has increased by over 61.53%.</p>
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Will Cardano (ADA) Reclaim $1 as Whale Interest Grows?

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<p><a href="https://www.fxcryptonews.com/cardano-surges-by-25-amid-growing-whale-interest-is-retail-fomo-next/" target="_blank">Cardano</a> (ADA) experienced a dramatic 3,400% increase in fund inflows into investment products linked to its cryptocurrency over the past week, according to CoinShares’ latest report. On November 8, investments in ADA exchange-traded products (ETPs) totaled a modest $100,000. However, by the end of the following week, that figure had soared to $3.4 million.  </p>
<h2 id="h-strong-net-inflows-for-the-year"><strong>Strong Net Inflows for the Year</strong></h2>
<p>As of mid-November, Cardano ETPs have accumulated positive net inflows of $15 million for the year. This performance places ADA investment products behind only Binance Coin (BNB) and Tron (TRX) among alternative cryptocurrencies. Prominent Cardano-focused ETPs include the AADA 21Shares Cardano ETP, WisdomTree Physical Cardano FI, ETC Group Physical Cardano (RDAN), and Valour Cardano SEK.  </p>
<p>Related article: <a href="https://www.fxcryptonews.com/cardano-launches-significant-node-update-ahead-of-chang-2-hard-fork/" target="_blank">Cardano Launches Significant Node Update Ahead of Chang 2 Hard Fork</a></p>
<p>The broader market for crypto-related investment products saw a massive influx of $2.193 billion in investor funds last week. Despite this general uptick, Cardano clearly stood out, attracting significant interest from investors.  </p>
<h2 id="h-ada-price-hits-2022-highs"><strong>ADA Price Hits 2022 Highs</strong></h2>
<p>This surge in inflows coincided with an extraordinary 57% rise in ADA’s price. The cryptocurrency climbed from a low of $0.5192 to a peak of $0.8192 within a week, reaching levels not seen since 2022. </p>
<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeHhb_7wvLX7fS4ArVLmE891yjaX6HO-eTEdQL45EejfrJ8NSNBwwGQkCjf-L5ii_XjgSr-P6LnDAkl4RguMS_Ff5Bz32hOCWfG56zWAkcLYWFJQWS27RIBgN9pxIDuEiCv9OQvFg?key=A9GgCI4xNrHWfp3tpmBKDWcX" alt /></figure>
<p><em><sub>Source: <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank">CoinMarketCap</a></sub></em></p>
<p>The sharp price increase and growing inflows created a feedback loop that further bolstered investor confidence. Tracking inflows into Cardano ETPs will offer valuable insights into investor sentiment. </p>
<p>Related article: <a href="https://www.fxcryptonews.com/cardano-large-holder-netflows-surge-393-amidst-whale-accumulation-signals/" target="_blank">Cardano Large Holder Netflows Surge 393% Amidst Whale Accumulation Signals</a></p>
<p>Consistent or positive inflows indicate sustained demand for ADA, even among traditional investors outside the cryptocurrency market. Negative inflows, on the other hand, may signal waning interest.  </p>
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<p>Cardano’s recent performance highlights its growing appeal among investors, cementing its position as a top alternative cryptocurrency. All eyes remain on its trajectory in the coming weeks.  </p>
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				<p><strong>Disclaimer:</strong> The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.</p>
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Aada ($AADA)

Simply put – Aada is crypto assets lending platform. Smart contract allows to deposit assets and collect interests or borrow assets and perform financial actions.

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