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Cardano to Fall to $0.70? What Bearish Market Means for ADA

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The cryptocurrency market underwent a massive as February arrived. Indeed, the market observed more than $2.3 billion in liquidations as prices plummeted. There were few who struggled as much as Cardano, as ADA could fall to $0.70 amid a bearish market. The token certainly wasn’t alone. Although the entire sector was falling in value, XRP, Dogecoin (DOGE), and other altcoins fell as much as 25%. With Cardano plummeting to its lowest level in three months, there are concerns about where the industry will go as a potential trade war keeps brewing in the US. JUST IN: $2,300,000,000 liquidated from the cryptocurrency market in the past 24 hours. — Watcher.Guru (@WatcherGuru) February 3, 2025 Also Read: PayPal’s PYUSD Bridges to Cardano: A New Era in Crypto Integration Cardano Falls to Pre-US Election Levels as ADA Threatens to Move Further Down Despite riding so high at the start of the year, things took a turn for the crypto market in the first two days of February. A host of assets ...

Coinbase Ventures To Shift From Centralized To Decentralized Finance

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Coinbase Ventures, the investing arm of Coinbase, has announced that it will be focusing more on decentralized finance (DeFi) and gradually moving away from centralized finance. The company recently announced a 34% drop in its deals in the second quarter of the year. The firm noted that the performance is a reflection of the general bearish market and not specifically on Coinbase Ventures. But the bearish market did not affect the company’s investments in infrastructural projects. These projects show the actual utility and the booming Web3 gaming sector. Coinbase Ventures Registers 34% Drop In Its Deal Activity Coinbase Ventures noted that its deal activity declined by 34% in Q2 2022 compared to the volume in Q2 2021. It fell from 71 to 47 quarter-over-quarter (QoQ) but remained strong at 68% year-over-year (YoY), according to the investment menu for Q2. The firm stated that the decline in the broader venture market started in the first quarter of the year, as it saw t...

Polygon Price Prediction for Today, October 24: MATIC Bullish Price Targets $0.900

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  From a broader perspective of the Polygon market, the price has been in a general uptrend since it found a significant support level at $0.696 on the 22nd of September. Along the line, selling pressure has made the trend experience some price retracement , however, from each price retracement , buyers were able to secure new higher support and new higher resistance. Polygon Market Price Statistic: MATIC/USD price now: $0.88 MATIC/USD market cap: $7,823,319,429 MATIC/USD circulating supply: 8.73Billion MATIC/USD total supply: 10,000,000,000 MATIC/USD coin market ranking: #11 Key Levels Resistance: $0.900, $0.950, $1.000  Support: $0.8250, $0.8000, $0.761 Polygon Market Price Analysis: The Indicators’ Point of View The $0.900 price level has been a major resistance level that Polygon needs to break if it must establish its bullish trend. MATICUSD had fallen from above the $0.900 price level (precisely at $0.943) on the 12th of September. The price dippe...