Cardano Confronts 4.3 Billion ADA Sell Wall: Here is why
A significant barrier has been identified in Cardano’s (ADA) path toward reclaiming the $1 price level. On-chain data has revealed a sell wall consisting of 4.3 billion ADA, presenting a formidable challenge to sustained price recovery. The data, provided by IntoTheBlock’s Global In/Out of the Money indicator, indicates that these 4.3 billion ADA were acquired within the price range of $0.947 to $1.09, with an average cost basis of $1.03. This zone comprises approximately 309,450 wallet addresses, many of which may seek to sell at or near their acquisition cost to minimize losses. The Implications of the Sell Wall This massive concentration of sell-side pressure forms both a technical and psychological resistance zone for ADA. Overcoming this resistance is crucial for Cardano to achieve and maintain a price above $1. Until the sell wall is cleared, progress may remain limited. Current Price Movements and Market Trends As of now, Cardano is trading at $0.919, reflecting a weekly decline of 13.99%. Broader market conditions have also contributed to this downturn, with Bitcoin registering its first weekly loss in several weeks—a trend that has negatively impacted alternative cryptocurrencies like ADA. Support near $0.86 is being tested, coinciding with Cardano’s 50-day Simple Moving Average (SMA). Analysts caution that a breakdown below this level could lead to additional losses. Related Article: Cardano Constitution Update Sparks 12% ADA Surge Breaking Resistance and Potential Consolidation A bullish scenario could emerge if ADA successfully surpasses the $1 mark. Such a move would signal strong buyer interest and could shift the short-term outlook to a more optimistic trajectory. In this case, consolidation between $0.80 and $1.20 might occur before any attempt to climb toward $2. Crypto analyst Ali has noted that Cardano’s current price behavior mirrors patterns observed in previous market cycles. He predicts that if historical trends repeat, ADA could achieve a long-term price target of $6. Related Article: Cardano (ADA) Faces Decline Risks Amid Bearish Market Trends Cardano’s price action remains at a critical juncture, with both bullish and bearish scenarios in play. The sell wall of 4.3 billion ADA between $0.947 and $1.09 presents a formidable challenge, delaying ADA’s recovery to $1. Nevertheless, strong support levels below $0.834 may provide a foundation for price stabilization and future growth. Careful monitoring of market conditions, support zones, and resistance levels will be essential for investors navigating this uncertain landscape.
Cardano (ADA) Faces Decline Risks Amid Bearish Market Trends
The cryptocurrency market continues to experience fluctuations, with some assets recovering while others face bearish pressure, as highlighted by CoinMarketCap data. Despite gains observed in certain cryptocurrencies, Cardano (ADA) has encountered difficulties in sustaining upward momentum. Support Concerns and Decline Warnings The potential for further losses which warns of a likely decline if the $0.8931 level is breached. Amid these market fluctuations, Cardano faces significant challenges, with analysts highlighting the risks of a breakdown in key support levels. Market Dynamics: Cardano Struggles to Maintain Position Recent market behavior shows a mixed performance across the cryptocurrency landscape. Cardano has seen its value decrease by 1% in the last 24 hours, signaling potential obstacles ahead. Related Article: Cardano (ADA) Exclusion Sparks Criticism from Hoskinson on Blockchain Bias Currently priced around $0.8961, ADA remains near local support levels, indicating a lack of bullish momentum following yesterday’s recovery attempts. Long-Term Projections for Cardano’s Price Movement Over a longer time frame, ADA’s inability to sustain recent gains may enable sellers to regain control. Related Article:Cardano Breaks Resistance Levels, Fueled by Whale Interest If this occurs, analysts foresee a potential decline toward the $0.85 level or lower. https://x.com/acinemaboy/status/1853516056528036321?t=NN_MYrtlrnQkyfraeKAeXg&s=19 A weekly close at current levels or below could result in further tests of the $0.8173 support level, reinforcing the bearish perspective.
Charles Hoskinson Addresses Network Security Misconceptions
Ethereum Foundation researcher Justin Drake’s recent comments on Cardano’s security model have drawn a response from Cardano founder Charles Hoskinson. Speaking on the Paul Barron Network show, Drake discussed Ethereum’s proposed Beam Chain upgrade. The upgrade aims to enhance Ethereum’s consensus layer with faster finality and zero-knowledge proof integration. During the show, Drake addressed questions like, “Is liquid staking an immediate threat to Ethereum?” and “Is Cardano’s staking model superior to Ethereum’s?” These discussions sparked misconceptions about Cardano’s security model, prompting Hoskinson to clarify the network’s unique approach. Hoskinson Highlights Bitcoin-Inspired Security Model Hoskinson responded to Drake’s claims via a post on X, stating, “I guess he doesn’t understand how Nakamoto consensus works or Ouroboros, for that matter. Cardano’s security model was inspired by Bitcoin’s design. We don’t have BFT-style rounds.” This statement emphasized the difference between Cardano’s security model and traditional Byzantine Fault Tolerance (BFT) protocols. Unlike BFT protocols, Cardano’s security approach avoids the need for slashing—a mechanism used in Proof-of-Stake (PoS) networks like Ethereum to penalize validators for infractions such as double signing. Instead, Cardano achieves 50% Byzantine resistance, further strengthening its security framework. Cardano’s Finality Approach Sets It Apart One key distinction is Cardano’s method of finality. Unlike Ethereum, Cardano’s network does not finalize two conflicting checkpoints. Theoretical discrepancies can be resolved within 36 hours, but in practice, most issues are resolved in just 40 seconds. Related article: Cardano (ADA) Exclusion Sparks Criticism from Hoskinson on Blockchain Bias This efficient process demonstrates the robustness of Cardano’s network, challenging misconceptions about its staking model. Hoskinson also noted his surprise at the Ethereum research community’s apparent disregard for Cardano’s advancements. Despite Cardano’s seven-year presence, Ethereum’s scientists have not engaged with its research. This lack of interaction has led to misunderstandings about Cardano’s capabilities and its approach to network security. Community Corrects Misconceptions X users joined the discussion by clarifying the Paul Barron Network’s portrayal of Cardano’s staking model. They highlighted that Cardano’s system does not rely on slashing. Instead, its consensus mechanism avoids inconsistencies that would require punitive measures. Related article: Charles Hoskinson Unveils Key Updates in Hydra Development Unlike Ethereum’s reliance on slashing to discipline validators, Cardano’s design prevents the need for it altogether. These clarifications underline a fundamental difference between Cardano’s and Ethereum’s staking models. Cardano’s method provides a more stable and secure network, rooted in principles inspired by Bitcoin’s original design. This approach strengthens its position in ongoing debates about blockchain security and finality.
Charles Hoskinson Predicts Multichain Future for Cardano with Midnight Integration
Charles Hoskinson, founder of Cardano, claims the upcoming integration of Midnight will make Cardano a multichain ecosystem. In a tweet on Tuesday, he emphasized that Midnight’s mainnet launch will enhance Cardano’s ability to connect with other blockchain networks like Ethereum and Solana. Currently, Midnight operates on a testnet launched in early October. This phase allows developers worldwide to explore and contribute to the network’s progress. Midnight uses zero-knowledge (zk) technology to offer a data-protected protocol, enabling users to interact with decentralized applications (dApps) while preserving data privacy. Hoskinson Highlights BitcoinOS Partnership Concerns Hoskinson also addressed Cardano’s collaboration with BitcoinOS (BOS) during a discussion on X. He revealed that Input Output Global (IOG) will focus on building decentralized finance (DeFi) solutions on Bitcoin next year. Surprisingly, this initiative will involve a new partner, Fairgate Labs, instead of BitcoinOS. Related article: Cardano (ADA) Drops 4.5% After Hackers Compromise Cardano Foundation’s X Account Cardano enthusiasts questioned this decision, with Angry Crypto Show asking why BitcoinOS was not chosen. Hoskinson clarified that Fairgate Labs created the technology underpinning BitcoinOS. He also mentioned that BitcoinOS’s plans to launch its own token had sparked debates within the ecosystem. Cardano’s Liquidity Goals with Midnight Hoskinson reassured the community that Midnight would allow Cardano to tap liquidity from other chains, even if BitcoinOS abandons the network. He urged BitcoinOS founder Edan Yoga to confirm BOS’s commitment to Cardano and suggested launching BOS as a native Cardano token. Yoga responded by affirming that BOS will integrate into Cardano as a recursive token, describing it as an innovative addition to the ecosystem. Related article: Charles Hoskinson Unveils Key Updates in Hydra Development Two months ago, Cardano’s EMURGO partnered with BitcoinOS to deploy smart contracts on the Bitcoin network. This collaboration aims to enable Cardano to access Bitcoin’s liquidity, further solidifying its multichain aspirations. Midnight’s integration and strategic collaborations mark a significant step in Cardano’s journey to becoming a multichain ecosystem.
Cardano (ADA) Drops 4.5% After Hackers Compromise Cardano Foundation’s X Account
The Cardano Foundation’s X account was breached on December 8, leading to a significant impact on the ADA token. Fraudulent activities were carried out by hackers, who leveraged the account to spread misinformation and promote scams. Hackers Exploit Cardano’s X Account The hacking incident resulted in the promotion of a scam Solana-based token named ADA/SOL. Hackers utilized trusted sources, such as a recent podcast and the Foundation’s official website, to lend credibility to their fraudulent activities. The false promotion generated about $500,000 in trading volume for the counterfeit token before the scam was exposed. Once identified, the token’s value crashed by 99%. Additionally, the hackers falsely claimed that support for ADA would be halted due to an SEC lawsuit and that ADA withdrawals were suspended. These fabricated updates amplified investor concerns, shaking confidence in Cardano’s ecosystem. The ongoing compromise of the Cardano Foundation’s X account has raised questions about the blockchain’s security and its ability to maintain price stability. Months of positive sentiment toward Cardano have been overshadowed by uncertainty and fear. ADA Shows Bearish Momentum The hack has led to a bearish sentiment surrounding ADA, with its price dropping by 4.5% on the daily chart. At the time of writing, ADA trades at $1.15, reflecting growing concerns among investors. Technical indicators highlight a downward shift in ADA’s momentum. The Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover, with the MACD line falling below the signal line. This development suggests potential near-term declines in ADA’s price. Weak trading volumes and a lack of bullish signals further exacerbate the bearish outlook. ADA would need a significant resurgence in momentum to challenge its resistance levels. Key Resistance and Support Levels for ADA To regain a bullish trajectory, ADA must overcome the resistance at $1.20. Successfully flipping this level could pave the way toward $1.32. However, this would require robust trading volumes and improved market sentiment. On the downside, ADA risks falling to the vital support level at $1.01 if bearish dominance continues. A rebound from this level could keep ADA’s price within a narrow range, influenced by lingering concerns over the hacking incident. Related Article: XRP Whale Moves 22 Million Tokens, Signaling Bullish Confidence A breakout above $1.32 with substantial volumes could invalidate the bearish narrative and renew interest in ADA, attracting more buyers to the Cardano ecosystem. Whales and Q4 Performance Offer Optimism Despite the recent challenges, ADA’s impressive 160% monthly surge in Q4 has sparked optimism. Whales continue to accumulate ADA, signaling confidence in the token’s long-term potential. Community members are closely monitoring the situation, as delayed recovery of the compromised X account could magnify bearish sentiments. However, comments from Cardano founder Charles Hoskinson have helped reinforce faith in the blockchain’s resilience. As the developments unfold, the market’s reaction will likely shape ADA’s near-term trajectory. Investors remain hopeful for a swift resolution and recovery in Cardano’s ecosystem.
Cardano Targeted in X Account Hack: Fake Token and SEC Lawsuit Claims
The Cardano Foundation’s X account was compromised on December 8, leading to the promotion of a fraudulent Solana-based token called $ADASOL. Hackers falsely described the token as “Cardano, reimagined for Solana’s speed and innovation.” In a 13-part thread, the hackers provided elaborate details about $ADASOL, using references to legitimate Cardano resources, including the Foundation’s website and a podcast episode. The scam token generated approximately $500,000 in trading volume before its value plummeted by 99% when the fraud was exposed. Fake SEC Lawsuit Announcement Targets ADA Token Shortly after the $ADASOL scam, another fraudulent post appeared on the hacked X account. This time, the post falsely claimed that the U.S. Securities and Exchange Commission (SEC) had filed a lawsuit against the Cardano Foundation. The fraudulent notice stated that, due to this “unexpected legal action,” support for the ADA token would be immediately discontinued to comply with regulatory requirements. Scam Posts Quickly Removed; ADA Price Remains Steady The $ADASOL promotion and the false SEC lawsuit announcement were deleted within hours. Charles Hoskinson, the creator of Cardano, quickly addressed the misinformation. He confirmed the hack on social media, dismissing the hackers with the remark, “Try harder, hackers.” Despite the attempted scams, Cardano’s ADA token remained largely unaffected in market performance. As of press time, ADA was valued at $1.18, experiencing only a 1% decline, according to CoinGecko data. Read Also: XRP Whale Moves 22 Million Tokens, Signaling Bullish Confidence Cardano Foundation Responds to the Hack The Cardano Foundation has taken steps to regain control of its X account and warned its community. A LinkedIn post from the Foundation advised users to disregard any posts from the compromised account until the issue was resolved. “The Cardano Foundation X account @Cardano_CF has been compromised. Please ignore any posts from the account while we address this. Thank you,” the Foundation stated. Cybersecurity Remains Critical for Cardano and the Crypto Community This incident highlights the persistent risks associated with social media hacks targeting the crypto industry. The Cardano Foundation continues its efforts to secure its account and restore trust, emphasizing the importance of community vigilance in preventing further scams. Cardano and the broader cryptocurrency ecosystem can better protect users from malicious actors by addressing these vulnerabilities and enhancing security protocols.
Cardano (ADA) Meme Coin Craze Begins with AdaDeng Presale Launch
The presale of AdaDeng (ADENG), a new meme coin set to redefine Cardano’s ecosystem, has been launched. This innovative project aims to combine the excitement of meme culture with blockchain technology, creating a vibrant community-driven initiative. AdaDeng: Cardano’s New Meme Coin Movement AdaDeng has been built on Cardano’s secure and decentralized blockchain, with its foundation centred on creativity, community, and fun. According to the project’s whitepaper, the Dengpaper, AdaDeng is not merely another meme coin. Instead, it represents a movement that merges meme culture with robust blockchain solutions. The project’s inspiration comes from Moo Deng, a mischievous and playful hippo who embodies a spirit of fun and creativity. This initiative has created a community-focused environment, offering its members an active role in the token’s development. Read Also: XRP Price Drop and Market Impact Over 1,500 members have already joined AdaDeng’s Telegram and Discord community, showcasing the project’s excitement. ADENG Presale Details The ADENG presale has been structured to provide investors with early access before its official market launch. Scheduled to run from December 5 to December 20, 2025, the presale will distribute 70% of the total 100 million token supply to participants. A unique pricing model has been introduced. The final token price will depend on the total ADA raised during the presale. This approach ensures that the community plays a significant role in determining the token’s value. Inclusivity has been prioritized, as no minimum or maximum purchase limits have been set. Both small and large investors can participate, creating an accessible opportunity for traders to join the next potential big meme coin in Cardano’s ecosystem. Liquidity and Future Market Launch Plans Following the presale, 20% of the tokens will be paired with ADA to provide liquidity on Minswap. This setup will ensure smooth trading and help maintain a fair market price. Additionally, discussions with centralized exchanges (CEXs) are underway to secure potential listings. These listings could significantly enhance the token’s liquidity and visibility within the market. AdaDeng Brings New Energy to Cardano By blending meme culture with blockchain innovation, AdaDeng has aimed to create a unique and engaging project within Cardano’s ecosystem. With its focus on decentralization, inclusivity, and community empowerment, AdaDeng has the potential to attract meme enthusiasts and crypto investors alike. The launch of ADENG’s presale marks the beginning of an exciting journey for Cardano’s meme coin enthusiasts. As the project gains momentum, it could usher in a new wave of creativity and community engagement within the blockchain space.
Charles Hoskinson Unveils Key Updates in Hydra Development
Cardano’s founder, Charles Hoskinson, has spotlighted a major milestone involving the Hydra Doom testing, which included active participation from the community. The developer team recently conducted a load test to push the Hydra Head protocol to its limits. Hoskinson, who closely monitored this initiative, shared performance statistics on X (formerly Twitter) to provide feedback on the results. Hydra Head Protocol Boosts Scalability Known for its speed and scalability, Cardano remains one of the fastest proof-of-stake (PoS) layer-1 blockchains. To further enhance its capabilities, Input-Output Global (IOG) developed the Hydra Head protocol. This innovation aims to increase throughput and improve transaction processing on the network. Related article: Cardano Enhances User Experience with Lace 1.17.5 Wallet Update Hydra’s potential extends beyond financial transactions. A gaming title, Doom, will soon host a large tournament on Hydra, testing the protocol under real-life conditions. During the recent load test, Cardano achieved an impressive 134,464 transactions per second (TPS), a significant leap from its usual 257 TPS. While these figures showcase Hydra’s potential, real-world simulations involving actual users will confirm if such performance levels are sustainable. Upcoming Developments and Projects Hoskinson remains committed to advancing Cardano’s ecosystem. In line with this, he recently announced his next project, Quantum Hosky, which aims to introduce new utilities. Though Hydra’s broader applications remain undisclosed, the protocol appears ready for retail use and expansion beyond gaming. Related article: Cardano Faces Resistance: What’s Holding Back the Rally? Cardano’s native token, ADA, has seen notable gains amid the ongoing bull market. Over the past 24 hours, ADA surged by 16.42%, reaching $1.245. Within this period, the token climbed from a low of $1.0723 to a peak of $1.318. Over the past week and month, ADA has risen by 37.88% and 269.31%, respectively. These gains put ADA on track to reclaim its all-time high (ATH) of $3.099. If historical trends continue, ADA may surge by another 66% this month, potentially helping Cardano achieve its long-term goals. The upcoming Hydra tournament and ongoing utility upgrades are expected to drive further momentum.
Cardano (ADA) Bull Run Momentum Sparks Interest in New 100x Altcoin
Optimism surrounding relaxed crypto regulations in the US has benefited Cardano (ADA). This has shifted attention to 1FUEL, an upcoming altcoin still in its presale phase. While ADA and Toncoin remain blue-chip assets, 1FUEL has captured investor interest with its crypto-staking rewards and innovative features. ADA and Toncoin Lead While 1FUEL Gains Momentum Recent price pumps by ADA and Toncoin have encouraged profit-taking by investors. These profits are now being reinvested into low-priced altcoins like 1FUEL. Analysts believe that 1FUEL could surpass Cardano and Toncoin as the next bull run unfolds. ADA Gains as Toncoin Advances in Web3 Gaming Cardano’s price surged by 196% in the past 30 days, benefiting from increased market confidence. Meanwhile, Toncoin gained 30%, partly due to Telegram’s dominance in the Web3 gaming space. With over 950 million monthly users, Telegram has introduced numerous blockchain-based games, further driving Toncoin’s value. Although Toncoin’s growth has slowed, its investors are now exploring 1FUEL for higher returns. This trend reflects the growing excitement around early-stage altcoin projects. Read Also: XRP Ledger to Power Reserve Bank of India’s Digital Rupee Initiative 1FUEL: A Promising Altcoin with 100x Potential As a secure crypto wallet, 1FUEL offers several innovative features designed for the DeFi space. Its potential to grow 100x has attracted both whales and retail investors. Built-in AI tools allow users to optimize portfolios, execute trades, and manage tax reporting efficiently. Through cross-chain compatibility, 1FUEL eliminates the need for multiple wallets across blockchain networks. This streamlines transactions and reduces costs through lower fees. Military-grade cold storage security protects users’ assets from hackers. Additional features, such as crypto debit cards, make spending digital assets seamless, further promoting adoption. 1FUEL also supports peer-to-peer exchanges, enabling users to buy and sell assets directly while maintaining complete control. ADA’s Supply in Profit Raises Questions Following its recent surge, nearly 88% of ADA’s circulating supply is now in profit. While this highlights the asset’s success, it could also increase selling pressure. Investors may reinvest their ADA profits into projects like 1FUEL, which offer greater growth potential. ADA and 1FUEL at the Center of Attention The cryptocurrency market continues to heat up, with ADA and Toncoin leading the way. However, projects like 1FUEL are becoming the focus of attention. With its robust features and potential for explosive growth, 1FUEL could soon dominate the market. As ADA’s success persists, the altcoin’s bull run has sparked renewed enthusiasm across the crypto community. While ADA remains a key player, the emergence of innovative projects like 1FUEL indicates that the next phase of growth may belong to newcomers.
Cardano Faces Resistance: What’s Holding Back the Rally?
Cardano (ADA) has struggled to maintain its position above the $1 mark despite crossing it several times in recent days. According to data from CoinMarketCap, ADA reached a high of $1.11 on multiple occasions but quickly dropped below $1 afterward. These rapid fluctuations highlight the intense volatility in the market. Investors had hoped that ADA would solidify its position above $1, with some predicting a test of the $1.50 resistance level. However, the token’s erratic price action shows that it is facing significant resistance. Broader Market Sentiment Impacts ADA’s Momentum The broader cryptocurrency market’s sentiment appears to be influencing ADA’s performance. Bitcoin’s inability to surpass the highly anticipated $100,000 mark has dampened the outlook for altcoins like Cardano. Related article: Cardano (ADA) Investors Seize $130 Million Opportunity Amid Price Dip Many investors expected Bitcoin’s rally to have a positive spillover effect, boosting other digital assets. Instead, Bitcoin’s stalled momentum has made investors hesitant to increase their exposure to ADA. Without a clear upward trend from Bitcoin, confidence in ADA’s potential rally remains low. Volatility Remains a Key Challenge As of now, ADA trades at $0.9949, reflecting a 2.08% decline in the past 24 hours. The token has experienced significant price swings during this period, hitting a high of $1.03 before dropping to a low of $0.9852. Source: CoinMarketCap Although ADA attempted a rebound, it still struggles to convert the $1 mark from resistance into support. This ongoing volatility signals that the market remains unstable and uncertain. Analysts have used the Fibonacci sequence to predict ADA’s potential price levels during the current bull market. Related article: Cardano Enhances User Experience with Lace 1.17.5 Wallet Update Their projections place $2.453 as a significant target. However, for now, the market’s sentiment does not seem strong enough to push ADA toward this goal. Investors continue to watch for signs of a sustained rally and hope for a positive shift in the coming weeks. Cardano’s delayed rally underscores the influence of broader market forces and the challenges posed by volatility. Until Bitcoin regains momentum, ADA’s path to higher levels remains uncertain.
