Cardano Crypto Project Review

Cardano Crypto (ADA) is a public chain project driven by scientific research, featuring a layered design based on the Ouroboros PoS protocol, supporting smart contracts and decentralized applications (dApp). Its ecosystem includes development tools, wallets, industry applications, and project funding mechanisms, emphasizing sustainable governance.

Real-time price and market performance

Image:https://www.gate.com/trade/ADA_USDT

According to Gate’s real-time market data, ADA is currently priced at $0.699,

Lace Multi-Chain Function Analysis

Input Output Team’s latest announcement states that the Lace wallet will add native support for XRP, allowing users to manage and stake both ADA and XRP within the same wallet. This initiative not only enhances user experience but may also bring more cross-chain liquidity, strengthening the network effects of the Cardano ecosystem.

Trading Volume and Capital Flow

Data shows that due to NASDAQ-related reports and community budget voting, the trading volume of ADA surged significantly, with the price briefly testing the support zone at $0.6610, followed by a slight rebound. Additionally, on-chain data indicates that large addresses have been accumulating in this range, which may suggest the formation of a bottom, requiring attention to whale movements.

Overview of Support and Resistance Levels

• Key support level: $0.65–$0.67, which is a previous area of multiple rebounds.
• Short-term resistance level: $0.72–$0.74, tested for several days without breaking through.
• Medium-term goal: If it can steadily break $0.75, it is expected to challenge $0.80 and above.

Beginner Investment Strategies

1. Building positions in batches: You can gradually accumulate positions at the support zone to reduce the risk of a single purchase.
2. Set stop-loss and take-profit: The stop-loss can be set at $0.63, and the take-profit target should be locked in opportunistically at $0.75.
3. Pay attention to the news: The launch of Lace’s multi-chain feature may bring short-term fluctuations, and it needs to be followed up in a timely manner.
4. Long-term fixed investment: Based on the long-term ecological development of Cardano, you can set a fixed investment period, such as a fixed amount every week/month.