22 Thursday April 2021
  • About
  • Advertise
  • Submit Press Release
  • Contact Us
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Coinbase Stock News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Coinbase Stock Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • DC Forecasts
      • Vechain
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Newsletter
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
No Result
View All Result
22 Thursday April 2021
Newsletter
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Coinbase Stock News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Coinbase Stock Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • DC Forecasts
      • Vechain
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
No Result
View All Result
Bitcoin 24h
$53,621.62
-4.05%
Bitcoin 24h

$53,621.62
-2,171.20
-4.05%
Ethereum 24h
$2,411.59
+4.16%
Ethereum 24h

$2,411.59
+100.42
+4.16%
XRP 24h
$1.30
-8.10%
XRP 24h

$1.30
-0.11
-8.10%
Bitcoin Cash 24h
$907.48
-7.23%
Bitcoin Cash 24h

$907.48
-65.65
-7.23%
Chainlink 24h
$36.31
-5.12%
Chainlink 24h

$36.31
-1.86
-5.12%
Stellar 24h
$0.49
-7.04%
Stellar 24h

$0.49
-0.03
-7.04%
Cardano 24h
$1.21
-4.74%
Cardano 24h

$1.21
-0.06
-4.74%
Bitcoin SV 24h
$298.39
-2.61%
Bitcoin SV 24h

$298.39
-7.78
-2.61%
Litecoin 24h
$258.12
-1.69%
Litecoin 24h

$258.12
-4.36
-1.69%
Tezos 24h
$5.32
-5.84%
Tezos 24h

$5.32
-0.31
-5.84%
EOS 24h
$6.35
-5.85%
EOS 24h

$6.35
-0.37
-5.85%
Monero 24h
$377.64
-9.36%
Monero 24h

$377.64
-35.35
-9.36%
Neo 24h
$95.99
-9.53%
Neo 24h

$95.99
-9.15
-9.53%
TRON 24h
$0.12
-8.37%
TRON 24h

$0.12
-0.01
-8.37%
IOTA 24h
$2.07
-5.32%
IOTA 24h

$2.07
-0.11
-5.32%
Dash 24h
$295.68
-8.29%
Dash 24h

$295.68
-24.52
-8.29%
Ethereum Classic 24h
$32.98
-2.80%
Ethereum Classic 24h

$32.98
-0.92
-2.80%
Zcash 24h
$239.28
-4.41%
Zcash 24h

$239.28
-10.56
-4.41%
NEM 24h
$0.35
-6.33%
NEM 24h

$0.35
-0.02
-6.33%
Dogecoin 24h
$0.30
-5.67%
Dogecoin 24h

$0.30
-0.02
-5.67%
Binance USD 24h
$1.00
-0.00%
Binance USD 24h

$1.00
-0.00
-0.00%
Crypto.com Coin 24h
$0.19
-3.92%
Crypto.com Coin 24h

$0.19
-0.01
-3.92%
Cosmos 24h
$19.58
-6.46%
Cosmos 24h

$19.58
-1.27
-6.46%
Huobi Token 24h
$20.22
+1.13%
Huobi Token 24h

$20.22
+0.23
+1.13%
Maker 24h
$4,392.48
+24.03%
Maker 24h

$4,392.48
+1,055.47
+24.03%
Ontology 24h
$1.87
-11.69%
Ontology 24h

$1.87
-0.22
-11.69%
Tether 24h
$1.00
+0.02%
Tether 24h

$1.00
+0.00
+0.02%
UNUS SED LEO 24h
$2.20
+0.80%
UNUS SED LEO 24h

$2.20
+0.02
+0.80%
USD Coin 24h
$1.00
-0.02%
USD Coin 24h

$1.00
-0.00
-0.02%
VeChain 24h
$0.23
-10.36%
VeChain 24h

$0.23
-0.02
-10.36%
ADVERTISEMENT

Cardano Thrives While Ethereum And Bitcoin Collapse: Analysis

Stefan by Stefan
28/02/2021
in Cardano News
2 min read
0
Cardano thrives
154
SHARES
1.9k
VIEWS
Share on FacebookTwitterWhatsappGmail
ADVERTISEMENT
ADVERTISEMENT

Cardano thrives after the weekly correction which was a sobering reminder that the crypto market is as volatile as ever. Ethereum and bitcoin collapsed on the other hand so let’s see why is ADA performing well in today’s Cardano news.

Cardano is up as the excitement around the upcoming smart contracts and DeFi capabilities are growing while the Grayscale BTC and ETH Trusts are trading shares at discount prices.  After the sharp market pullback and weekly correction, the BTC price dropped from a peak of $58K to a low of $49K. The market stabilized while retail investors were trying to buy the dip and showed some troubling trading signals that left the market in a precarious place.

The @Grayscale Bitcoin Trust has traded at a discount to NAV all day. If this persists the Trust will have no more inflows and will therefore not be buying any more #Bitcoin. Without Grayscale, the biggest daily buyer, where will the new buyers come from to support the price?

— Peter Schiff (@PeterSchiff) February 23, 2021

Bitcoin is now set at $44,454 which is an increase of 1.68% in the past day but got down over 15% over the week. Ethereum’s price is in even bigger trouble as it is now valued at $1482 marking a drop of 0.18% in the past day which is a continuation of the pullback that took 26.12% off its value in the past week. The downturn happened after a week of absent news on institutional investments. Earlier this month, BNY Mellon announced plans to add crypto services to its businesses and Tesla also disclosed an investment of $1.5 billion. Black Rock was next as it announced to dabble in Bitcoin. Also, last week we saw Canada launch two BTC ETFs.

ADVERTISEMENT

We saw that both Grayscale trusts are trading below the value of the crypto assets and this is the lowest point in five years recorded. The CIO of QCP Capital Darius Sit, said that traders should not worry as this is normal for ETFs and similar investment vehicles. But other analysts are concerned that this could depress the price of the assets and will hurt the lending markets. BTC and ETH are not the only losers afterall.

Binance coin, Chainlink, Litecoin all dropped by 25% in the past week. Binance now costs $230 while Litecoin trades at $175. Chainlink’s valued at $25.62 and from all of the droppings in this bearish market, Bitcoin Cash and Aave took the hardest hits as they were both down by 30%. BCH is set at $493 and Aave at $343. Cardano costs $1.45 marking a 40% increase in the past week and 30% in one day with most of the excitement being attributed to an expected hard fork that comes from the start of March.

ada weekly price
ADA 7-Day Price Chart (Source: Coingecko)

Features like Defi, NFT, and smart contracts are all coming to the Cardano blockchain which is why Cardano thrives. The ADA token is now valued at $1.47, marking a 40% in a week. Also, Stellar is looking great after it increased 12% in the past day, reversing the bearish weekly trend that shaved 17% of its price.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: ada priceAnalysisbitcoin collapsecardano adacardano pricecardano thrivesethereumfeatured
Share62Tweet39SendShare15
ADVERTISEMENT
Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

Related Posts

cardano moves ahead
Cardano News

Cardano Moves Ahead Of DOT After $29 Billion Staked: Report

20/04/2021
cardano prepares
Cardano News

Cardano Prepares For Latest Plutus Smart Contracts Upgrade

15/04/2021
IOHK New KEV Devnet, cardano, blockchain, ethereum, developers
Cardano News

Orion Protocol Partners With IOHK To Become First Liquidity Aggregator

04/04/2021
ada holds key support, cardano, price, level
Cardano News

ADA Holds Key Support And Could Rally Above $1.22: Price Analysis

29/03/2021
Cardano Nears Another milestone, ada, hoskinson,
Cardano News

Cardano Nears Another Milestone, Will ADA Make A Big Move?

28/03/2021
cardano's alonzo testnet
Cardano News

Cardano’s Alonzo Testnet Is Coming, Brings Smart Contract With It

27/03/2021

Discussion about this post

ADVERTISEMENT

  • Trending
  • Comments
  • Latest

VeChain Price Could Hit $9 In The Near Future: Analysis

09/02/2020
will tron reach

Will Tron Reach $1 In The Long Run: TRX Coin Price Prediction

29/04/2020

Will Cardano Reach $1,000 By 2025: Expert Review

11/05/2018
digital euro project

Digital Euro Project Favors IOTA Network More Than ETH Or XRP

21/06/2020

What Is Altcoin?

0
what is ethereum|What Is Etherum?

What Is Etherum?

0
What Is Cryptocurrency?

What Is Cryptocurrency?

0
thanksgiving weekend, bitcoin, btc, price

What Is Bitcoin?

0
baillie gifford, btc, blockchain.com

Baillie Gifford Invested $100 Million In BTC Wallet Provider Blockchain.com

21/04/2021
nft data shows, sales, drop, price, value

NFT Data Shows Sales Drop 40% Amidst Latest Market Pullback

21/04/2021
ICO Fraudster, scam, loan, bank,

ICO Fraudster Pleads Guilty To Acquiring $7M In COVID Relief Scam

21/04/2021
Uniswap Deployed V3, uni, eth, testnet, ethereum

Uniswap Deployed V3 Contracts To Major Ethereum Testnets: Report

21/04/2021
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Facebook Twitter Google+ Instagram Youtube
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com

DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.

News By Topic

Quick Search

No Result
View All Result

DC Forecasts Services

  • About
  • Advertise
  • Submit Press Release
  • Press & Media
  • Events
  • Careers
  • Partners
  • Free Widgets
  • Contact Us

© 2020 DC Forecasts - All Rights Reserved | Terms & Conditions | Privacy Policy | Cookies | Comments Policy | Sitemap | Newsletters | AdChoices

No Result
View All Result
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Coinbase Stock News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Coinbase Stock Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • Newsletter
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • DC Forecasts
      • Vechain
    • Mining Calculator
      • Bitcoin Mining Calculator
    • Widgets
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release

© 2020 DC Forecasts - All Rights Reserved | Terms & Conditions | Privacy Policy | Cookies | Comments Policy | Sitemap | Newsletters | AdChoices