Secure Crypto Wallet
Stake, exchange, earn and buy Bitcoin, Ethereum and thousands of other assets.

thumbnail_Guarda_Wallet_83c256234d.jpeg

Guarda_Wallet_83c256234d.jpeg

thumbnail_home_hero_devices_86060e060b.webp

home_hero_devices_86060e060b.webp

thumbnail_Guarda_Wallet_da94f48a7e.jpeg

Guarda_Wallet_da94f48a7e.jpeg

Guarda Wallet

<div>
 <p>The Cardano (ADA) price is experiencing a notable decrease, dropping by 12% since the start of the week, with a 2.6% dip recorded today alone. Despite this, with a market capitalization of $20.27 billion, ADA maintains its position as the 9th largest cryptocurrency.</p>
<p>This recent downturn comes amidst a broader crypto market experiencing mostly sideways to downward movement, with ADA recording more significant losses compared to its peers like ETH, which is down by 7.4%, BNB by 6.4%, Solana by 6.3%, and XRP by 6.1%.</p>
<h2>Grayscale Dumps Cardano From GDLC</h2>
<p>A pivotal factor behind Cardano’s sharper decline could be linked to the recent liquidation of all ADA holdings by the <a href="https://www.newsbtc.com/news/grayscale-drops-bombshell-report-crypto-bull-run-progresses-to-middle-phase-future-outlook-detailed/" target="_blank">Grayscale</a> Digital Large Cap Fund (GDLC). The fund, which currently boasts assets under management (AUM) worth $579 million, had Cardano constituting 1.62% of its portfolio on January 4, which amounts to approximately $9.4 million.</p>
<p>On Thursday, Grayscale Investments announced the decision as part of its first quarter 2024 review. According to the official <a href="https://www.globenewswire.com/news-release/2024/04/04/2858211/0/en/Grayscale-Digital-Large-Cap-Fund-Grayscale-DeFi-Fund-and-Grayscale-Smart-Contract-Platform-Ex-Ethereum-Fund-Announce-Rebalancing-of-Funds-for-First-Quarter-2024.html" target="_blank">press release</a>, the adjustment to GDLC’s portfolio entailed the selling of Cardano and reallocating the cash proceeds to existing Fund Components, proportional to their weightings.</p>
<p>This rebalancing led to the removal of ADA from GDLC’s portfolio. The final composition of the fund as of April 3, 2024, includes <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-crash-cryptoquant-ceo-luna-like-risks-ahead/" target="_blank">Bitcoin</a> (70.96%), Ethereum (21.84%), Solana (4.52%), XRP (1.73%) and Avalanche (0.95%).</p>
<p>The press release detailed, “In accordance with the CoinDesk Large Cap Select Index methodology, Grayscale has adjusted GDLC’s portfolio by selling Cardano (ADA), and using the cash proceeds to purchase existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, Cardano (ADA) has been removed from GDLC.”</p>
<p>Grayscale also highlighted the quarterly evaluations of the GDLC, DEFG, and GSCPxE Fund compositions, aimed at updating existing Fund Components or including new ones based on index methodologies provided by the Index Provider. This practice ensures that the funds’ holdings reflect the most current market trends and asset performance.</p>
<p>Notably, the Grayscale Smart Contract Platform Ex-Ethereum Fund still contains Cardano. The cryptocurrency is the second-largest position after <a href="https://www.newsbtc.com/news/solana/solana-whales-making-moves/" target="_blank">Solana</a> (58.41%), with a weighting of 14.56%.</p>
<p>In response to these developments, Charles Hoskinson, the founder of Cardano, offered a terse commentary via X, stating, “Wall Street give; Wall Street take.”</p>
<p>This succinct remark encapsulates the volatile nature of crypto investments and the significant impact that major financial players like Grayscale can have on the market dynamics of digital assets.</p>
<blockquote>
<p>Wall Street give; Wall Street take <a target="_blank" href="https://t.co/dkyrhHW4WS">https://t.co/dkyrhHW4WS</a></p>
<p>— Charles Hoskinson (@IOHK_Charles) <a target="_blank" href="https://twitter.com/IOHK_Charles/status/1776064277599957285?ref_src=twsrc%5Etfw">April 5, 2024</a></p></blockquote>
<p>At press time, ADA was trading at $0.57. In the short term, the 100-day EMA at $0.58 is the key resistance that ADA needs to overcome in order to develop new bullish momentum. The 100-day EMA has served as strong support three times since mid-January. After the recent dip below this indicator, ADA is struggling to reclaim it. In the medium term, the bulls need to break above the $0.68 level.</p>
<figure><img src="https://www.newsbtc.com/wp-content/uploads/2024/04/ADAUSD_2024-04-05_13-16-20.png?resize=3628%2C1673" alt="Cardano ADA price" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/ADAUSD_2024-04-05_13-16-20.png?resize=3628%2C1673?w=3628 3628w, https://www.newsbtc.com/wp-content/uploads/2024/04/ADAUSD_2024-04-05_13-16-20.png?resize=3628%2C1673?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/ADAUSD_2024-04-05_13-16-20.png?resize=3628%2C1673?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/ADAUSD_2024-04-05_13-16-20.png?resize=3628%2C1673?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/ADAUSD_2024-04-05_13-16-20.png?resize=3628%2C1673?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/ADAUSD_2024-04-05_13-16-20.png?resize=3628%2C1673?w=2048 2048w, https://www.newsbtc.com/wp-content/uploads/2024/04/ADAUSD_2024-04-05_13-16-20.png?resize=3628%2C1673?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/ADAUSD_2024-04-05_13-16-20.png?resize=3628%2C1673?w=1140 1140w, https://www.newsbtc.com/wp-content/uploads/2024/04/ADAUSD_2024-04-05_13-16-20.png?resize=3628%2C1673?w=3000 3000w" /><figcaption>ADA price, 1-day chart | Source: ADAUSD on TradingView.com</figcaption></figure>
<p>Featured image from Guarda Wallet, chart from TradingView.com</p>
 <p>Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.</p>
 </div>

NewsBTC

Cardano Tumbles As Grayscale Sells All ADA From GDLC Fund

<div>
						<div>
								<p>As the price of Bitcoin has recovered, <a target="_blank" href="https://bitcoinist.com/analyst-predicts-cardano-price-to-skyrocket-by-1400/">expectations for altcoins such as Cardano</a> have been on the rise. This has led to bullish predictions for the ADA price, especially as one crypto analyst, Alan Santana, foresees a significant surge in the price of the altcoin. According to Santana, the days of struggles are over and it is time for <a href="https://www.newsbtc.com/news/cardano-price-stagnant-at-0-48-but-charts-point-to-potential-upswing/" target="_blank">ADA</a> to begin its anticipated move upward.</p>
<p>In a recent <a href="https://www.tradingview.com/chart/ADAUSDT/xG3gCjGx-How-Will-Cardano-Perform-In-2024-Bull-Market-Prep-Important/" target="_blank">analysis</a>, crypto analyst Alan Santana stressed that the time for recovery for the <a href="https://www.newsbtc.com/news/cardano/cardano-activity-ada-price-soaring/" target="_blank">Cardano price</a> is over. The analyst is seemingly pointing to the slow recovery that took place over the year after the price crashed alongside Bitcoin and fell below $0.3.</p>
<p>Santana pointed out the fact that the market has been rising and has not made any new lows since November 202, which shows “maximum bullish strength” after the final correction. However, the likes of Cardano failed to follow this same bullish trend.</p>
<p>The analyst pointed out that there was a double top in December 2023, which also ended up at around the same level that <a href="https://www.newsbtc.com/news/cardano-price-stagnant-at-0-48-but-charts-point-to-potential-upswing/" target="_blank">the price</a> was trading back in May/June 2022. “The recovery year is over, this is the important part,” the crypto analyst declared.</p>
<h2>Price Targets For ADA Price Going Forward</h2>
<p>In the charts shared by the crypto analyst, multiple price targets are outlined for the Cardano price going forward. Santana’s forecast points out a likely decline in price down below $0.4, reaching as low as $0.38 before the price begins to rally.</p>
<p>Once a bounce occurs from this downtrend, the crypto analyst foresees a quick rally upward. The first of these rallies sees <a href="https://www.newsbtc.com/news/cardano/cardano-activity-ada-price-soaring/" target="_blank">the altcoin’s price</a> reaching as high as $0.68, an over 20% increase from the current level. Then, moving upward, the second target is placed at $1.2, which is an almost 200% move from the current levels.</p>
<p>However, the crypto analyst leaves a warning with the analysis as they tell investors to be careful. “Cardano can produce a new bullish wave in the future and hit as high as the other pairs did last year but when this happens if this happens it will only happen when the Cryptocurrency market enters its next bullish phase,” Alan Santana explained.” What I am trying to say is that the initial rally is over, the recovery year is over and this is just what <a href="https://www.newsbtc.com/news/cardano-price-stagnant-at-0-48-but-charts-point-to-potential-upswing/" target="_blank">ADA</a> did, nothing more, while other pairs were stronger and still others weaker.”</p>
<p>The <a target="_blank" href="https://bitcoinist.com/analyst-predicts-cardano-price-to-skyrocket-by-1400/">ADA price</a> is currently experiencing a bullish wave, following closely in the steps of Bitcoin, which just cleared $44,000 once again. It is currently trading at $0.52 after rising 10% in the last 24 hours.</p>
<p><img src="https://www.tradingview.com/x/HkhffW1u/" alt="Cardano price chart from Tradingview.com (ADA crypto analyst)" /></p>
<pre>ADA price at $0.52 | Source: <a href="http://tradingview.com/" target="_blank">ADAUSD On Tradingview.com</a></pre>
<p>Featured image from Guarda Wallet, chart from Tradingview.com</p>
															</div>
						<div>
									<h3>Sign Up for Our Newsletter!</h3>
									<p>For updates and exclusive offers enter your email.</p>
								</div>
						<div>
		<p><img alt="Scott Matherson" src="https://bitcoinist.com/wp-content/uploads/2023/10/Scott-Matherson.jpeg?resize=300%2C300" srcset="https://bitcoinist.com/wp-content/uploads/2023/10/Scott-Matherson.jpeg?resize=300%2C300 2x" />		</p>
		<div>
			<p>
				Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. 
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.			</p>
		</div>
	</div>
					</div>

Bitcoinist

Crypto Analyst Says Cardano Recovery Is Over And It’s Time To Moon, Reveals Targets | Bitcoinist.com

<div>
<p>Over the course of 2023, the movement of Cardano (ADA) has been more on the bullish side. Despite the reversal over the last few weeks, the bullish momentum has not completely died out. However, what is most interesting about this trend is the fact that the smaller investors seem to be the major driver behind it, not the large whales.</p>
<h2>Cardano Small Investors Continue To Accumulate</h2>
<p>Through the course of 2023, the smaller Cardano investors have been at the forefront of the ADA accumulation. This is seen from January through to May where their collective holdings have continued to rise. These investors holding between 1,000-10,000 coins and 10,000-100,000 coins have steadily grown their holdings over the last six months.</p>
<p>Where the whales were skewed toward selling than buying, these retail investors were heavily on the buy side. As a result, their collective holdings have grown from around 17% of the total supply to over 18.1%. As a result, these smaller wallets holding between 1,000-100,000 coins now account for 6.29 billion out of the 34.79 billion total supply.</p>
<p>Their accumulation trend also coincides with the rise in the price of ADA over this time which is illustrated in the chart below. There were dips in their holdings where there was presumably some profit-taking. However, the general trend continued toward the upside, bringing their holdings to new highs.</p>
<p><img src="https://www.newsbtc.com/wp-content/uploads/2023/05/Screenshot-2023-05-23-at-13.42.10-460x350.png" alt="Cardano (ADA) small holders" srcset="https://www.newsbtc.com/wp-content/uploads/2023/05/Screenshot-2023-05-23-at-13.42.10-460x350.png 460w, https://www.newsbtc.com/wp-content/uploads/2023/05/Screenshot-2023-05-23-at-13.42.10-860x655.png 860w, https://www.newsbtc.com/wp-content/uploads/2023/05/Screenshot-2023-05-23-at-13.42.10-768x585.png 768w, https://www.newsbtc.com/wp-content/uploads/2023/05/Screenshot-2023-05-23-at-13.42.10-1536x1169.png 1536w, https://www.newsbtc.com/wp-content/uploads/2023/05/Screenshot-2023-05-23-at-13.42.10-2048x1559.png 2048w, https://www.newsbtc.com/wp-content/uploads/2023/05/Screenshot-2023-05-23-at-13.42.10-750x571.png 750w, https://www.newsbtc.com/wp-content/uploads/2023/05/Screenshot-2023-05-23-at-13.42.10-1140x868.png 1140w" /></p>
<pre>Small ADA holders increase holdings in six months | Source: <a target="_blank" href="https://app.santiment.net/studio?settings=%7B%22slug%22%3A%22cardano%22%2C%22ticker%22%3A%22ADA%22%2C%22from%22%3A%222022-11-22T23%3A00%3A00.000Z%22%2C%22to%22%3A%222023-05-23T22%3A59%3A59.999Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22HolderDistributionCombinedBalanceWidget%22%2C%22wm%22%3A%5B%22total_supply%22%2C%22percent_of_holders_distribution_combined_balance_10k_to_100k%22%2C%22percent_of_holders_distribution_combined_balance_1k_to_10k%22%2C%22price_usd%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%2C2%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23ffe7ca%22%2C%22%23FF5B5B%22%2C%22%23FFCB47%22%2C%22%2326C953%22%5D%7D%5D">Santiment</a></pre>
<p>During this time, the holdings of larger investors holding between 10,000,000-100,000,000 coins dropped drastically. This suggests that while the smaller holders were responsible for the price increase, larger holders were the culprits behind the price crash as their total holdings went from 12.1% of the total supply to 11.11% in April.</p>
<h2>What Will Trigger The Next ADA Rally?</h2>
<p>Currently, the price of ADA is still down, suggesting that investors are very wary about buying the token. However, if the accumulation trend among smaller wallets continues, there could be more upside to come. An added advantage of small wallets leading the accumulation trend is that it enables a broader distribution of the token, which helps to sustain bull rallies.</p>
<p>ADA is still seeing significant resistance at the $0.38 level, but given that bears are still weak at this point, its inability to beat this resistance can be explained by the general low momentum in the market. When the price of Bitcoin picks up once more, $0.38 will be quickly surpassed with the next important level sitting at $0.4.</p>
<p>At the time of writing, ADA is changing hands at a price of $0.37. It’s down 0.21% on the 24-hour chart but seeing gains of 1.73% on the weekly chart.</p>
<p><img src="https://www.tradingview.com/x/d1YG7Vyq/" alt="Cardano (ADA) price chart from TradingView.com" /></p>
<pre>ADA price trending at $0.37 | Source: <a target="_blank" href="https://tradingview.com/">ADAUSD on TradingView.com</a></pre>
<p><a target="_blank" href="https://twitter.com/BestOwie">Follow Best Owie on Twitter</a> for market insights, updates, and the occasional funny tweet… Featured image from Guarda Wallet, chart from TradingView.com</p>
</div>

Data Suggests Small Holders Will Drive Next Cardano (ADA) Rally

<div>
<p>Apart from <a target="_blank" href="https://watcher.guru/news/three-arrows-capital-founder-says-ftx-collapse-set-the-industry-back-years">bankruptcies</a>, bear markets, <a target="_blank" href="https://watcher.guru/news/heres-why-ftxs-sam-bankman-fried-will-not-challenge-us-extradition">FTX</a>, <a target="_blank" href="https://watcher.guru/news/who-pulled-the-pin-out-of-the-terrausd-grenade">Terra</a>, and <a target="_blank" href="https://watcher.guru/news/heres-why-cftc-is-suing-sbf-ftx-and-alameda">SBF</a>, the term ‘staking’ created quite the buzz in the crypto-verse this year. Crypto staking grew in popularity, emerging as a prominent medium to generate passive income. </p>
<p>Crypto staking is a process of merely allocating certain crypto assets that would eventually aid in the verification of transactions on the underlying blockchain network. Users will eventually be allowed to earn rewards in crypto. </p>
<p>It should be noted that networks that employ a <a target="_blank" href="https://watcher.guru/news/heres-how-ethereum-has-fared-since-september-merge">proof-of-stake</a> mechanism are the only ones that can allow crypto staking. </p>
<h4 id="h-here-s-how-crypto-staking-works">Here’s how crypto staking works </h4>
<p>Interested investors will have to put forth their desired crypto and the network selects validators to confirm transaction blocks. This selection process usually depends on the amount of crypto that has been pledged. </p>
<p>The investor’s holdings are used to confirm the information that is written into the new block. Cryptocurrencies can be used as validators since they already have data from the blockchain that has been baked in. Then, the staker receives compensation or reward from the network for enabling such holdings to be utilized as validators.</p>
<h4>Advantages and Disadvantages of Crypto Staking </h4>
<p>Just like every other concept in the industry, staking comes with its own set of advantages and disadvantages. Since staking mostly employs the proof-of-stake mechanism, energy usage is quite low. Once again, unlike miners, stakers can earn rewards much more easily. While miners need specific equipment to earn rewards, validators need a regular computer. </p>
<p>Looking at the disadvantages of this process, security plays quite an important role. Since PoS is fairly new unlike PoW, its security capabilities are still questionable. Room for takeover is high in these networks as those who entail more tokens have the power to do so. This further paves the way for increased centralization. </p>
<h4>Let’s dive into top-staking coins </h4>
<p><strong>Cardano [ADA</strong>] </p>
<p>This network has been a prominent choice for stakers as it thrives on one of the best proof-of-stake blockchains. The network’s native token ADA is staked and earns interest in return for validating blocks on the blockchain. </p>
<p>It should be noted that unlike other networks <a target="_blank" href="https://watcher.guru/news/cardano-staking-records-14x-participation-than-ethereum">Cardano</a> does not have a locking period. Therefore, users can re-stake or even redeem their ADA at any given point in time. ADA staking is available on <a target="_blank" href="https://www.binance.com/en/defi-staking">Binance</a>, eToro, Kraken as well as Crypto.com. </p>
<p><strong>Ethereum [ETH] </strong></p>
<p><a target="_blank" href="https://watcher.guru/news/ethereum-staking-services-startup-receives-17-6-million-funding">Ethereum</a> staking is quite popular thanks to its 5-17 percent yearly returns. Its recent transition to PoS is expected to address an array of concerns of the network. However, unlike Cardano, staking in the Ethereum network requires a minimum of 32 ETH. </p>
<p>In addition to this, users on this crypto network are dependent on staking providers to earn yield. Ethereum can be staked on Coinbase, <a target="_blank" href="https://watcher.guru/news/binance-launches-ethereum-staking-with-a-6-apy">Binance</a>, Kraken, OKX, and Crypto.com among others. </p>
<h6><strong>Solana [SOL]</strong> </h6>
<p>Solana has created quite a buzz this year with its <a target="_blank" href="https://watcher.guru/news/solana-on-chain-metrics-and-developer-activity-takes-hit">massive price drop</a>. Nevertheless, it remains a hit among stakers. SOL is a proof-of-stake coin that is simple to delegate to network validators with the chance to earn a sizable yearly yield. SOL is one of the top staking cryptocurrencies for those looking to get passive income with an APY of 5.32 percent. </p>
<p>The network’s fast transactions of 50,000 TPS with an average transaction cost below $0.1 has lured in many. Solana can be staked on Coinbase, Binance, Huobi, Kraken, Phantom Wallet, Ledger Nano, and Exodus wallet. </p>
<p><strong>Polygon [MATIC]</strong> </p>
<p><a target="_blank" href="https://watcher.guru/news/polygon-matic-is-the-biggest-gainer-among-top-cryptos-why">Polygon’s</a> total supply is at 10 billion tokens, and 12% of MATIC will be used to pay Polygon staking incentives. Polygon employs a network that is environmentally friendly and sustainable and doesn’t require a lot of processing resources to get a PoS consensus.</p>
<p>A total of $2.36 billion is staked on the Polygon network, which is maintained by over 100 worldwide validators. Polygon is one of the top staking currencies in 2022 and has distributed almost $500,000,000 in rewards from the staking pool.</p>
<p>Polygon’s MATIC can be staked on Binance, KuCoin, ByBit, Crypto.com, and Lido Finance. </p>
<p><strong>Binance Coin [BNB] </strong></p>
<p>Depending on the lock-up durations and the number of tokens staked, the amount BNB investors make via staking varies. For instance, investors may earn up to 12.99% APY by staking $5,000 worth of BNB for 120 days. </p>
<p>It should be noted that <a target="_blank" href="https://watcher.guru/news/if-binance-falls-is-it-the-end-of-crypto">Binance</a> offers a 25 percent discount on its fee for BNB token holders. Therefore, they would garner added advantages with regard to staking. </p>
<h6>Tezos [XTZ] </h6>
<p>Tezos uses XTZ to provide a more sustainable cryptocurrency platform, requiring less energy to run than Ethereum and Bitcoin. Delegators can currently stake XTZ to earn an APR of 5.34%. The network has a high 74% staking percentage, as per this about 3 out of 4 XTZ tokens have been staked.</p>
<p>Platforms like Ledger wallet, Guarda wallet as well as Binance offer Tezos staking. </p>
<p><strong>Polkadot [DOT] </strong></p>
<p>Last but certainly not least, <a target="_blank" href="https://watcher.guru/news/polkadot-daily-new-accounts-increase-10x-active-accounts-by-4x">Polkadot</a> has been a popular choice for stakers. The network’s cross-chain enabling blockchain transfers of data, as well as tokens, is its selling point. </p>
<p>Over 1.1 billion DOT are now in circulation. It should be noted that 52% of those tokens have been staked. The network’s high yearly yields are one of the primary causes of this. Running validator nodes draws an APR of 14.83%, while network delegators receive an average APR of 14.02%.</p>
<p>Polkadot can be staked on Kraken, Binance, KuCoin, Bitfinex, and other platforms. </p>
</div>

Guarda Wallet ($)

#Crypto Wallet supporting 50+ #blockchains & over 400K #tokens. Buy, stake, exchange, send and receive.

Related Projects

AdaLite Wallet

Yoroi Wallet

GeroWallet

Featured News