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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						<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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<ul>
<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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<article>
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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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			<p>Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain</p>
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Thenewscrypto

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>
<figure></figure>
<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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FxCryptoNews

Cardano Sees Explosive Growth in Fund Inflows, ADA Price Surges 

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<article>
	<div>
<ul>
<li><strong>Cardano records a 22% gain, currently trading at $0.7458.</strong></li>
<li><strong>The trading volume of ADA has increased by over 155%.</strong></li>
</ul>
<p>The bullish disposition of the crypto market appears as the trendsetters hit new peaks—Bitcoin (BTC) is at its new ATH of $93.4K and Ethereum (<a href="https://thenewscrypto.com/ethereum-eth-faces-critical-test-at-3k-support-level/" target="_blank">ETH</a>) at $3.1K. Looking at the altcoins, Cardano (ADA) has registered a 22.34% gain over the past 24 hours.</p>
<p>As Cardano gains momentum, it currently <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank">trades</a> at $0.7458, with its market cap resting at $26.04 billion. Notably, the trading volume of the asset is at $5.64 billion. Besides, the altcoin jumps from $0.6094 to a high of $0.7768 over the day. </p>
<p>Zooming in on the weekly price chart, Cardano recorded over 69.45%. The <a href="https://thenewscrypto.com/is-this-really-the-resurgence-of-cardano-ada/" target="_blank">asset</a> started trading at $0.4384 and moved to the intra-week high of $0.6388. However, the extended bullish outlook pushed the price to new highs. </p>
<h3 id="h-is-ada-heading-towards-a-sustained-rally">Is ADA Heading Towards a Sustained Rally?</h3>
<p>The technical indicators of ADA suggest the existing positive sentiment as the Moving Average Convergence Divergence (MACD) line is found above the signal line. This likely hints at the continuation of the bullish trend.</p>
<p>Moreover, the Chaikin Money Flow (CMF) indicator of Cardano is at 0.21, which refers to the buying pressure and increased money flow and buying pressure. It’s essential to note the trading volume of ADA has increased by over 155%.</p>
<p>The daily price chart of the asset shows the ongoing positive correction after breaking the crucial resistances. If the current momentum persists, the ADA price could likely test the resistance level at $0.7869. Extended gains might push the price to climb the $0.82 mark. </p>
<p>On the other side, if the bullish momentum of ADA reverses, the nearby support zones at $0.7004 and $0.6574 could be tested. With the prolonged loss, the price of ADA could drop even lower.</p>
<p>Besides, the current market <a href="https://in.tradingview.com/chart/AHwivr5C/?symbol=BINANCE%3AADAUSD" target="_blank">sentiment</a> of ADA is in the overbought territory, as the daily relative strength index (RSI) is positioned at 75.22. The asset’s short-term 9-day moving average is found above the long-term 21-day moving average.</p>
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Aada ($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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