Cardano ($ADA): Price Action, Listing on xINVESTOR, Reliability, Adoption, Michael Saylor’s Head

On Monday (July 25), Cardano’s $ADA token is trading above the $0.49 level, up over 10% in the past seven-day period.

According to data by TradingView, on Coinbase, ADA-USD is currently (as of 3:39 p.m. UTC on July 25) trading around $0.4915.

Source: TradingView

On July 20, Amsterdam-based crypto analyst and trader Michaël van de Poppe gave this technical analysis of $ADA’s price action:

Request 01 – $ADA

Looking strong here, but at resistance.

If we crack through, I’m assuming we’ll see $0.67 next, but I’d preferably want to long or seek for longs around $0.48 region. pic.twitter.com/TjVTRvWK3H

— Michaël van de Poppe (@CryptoMichNL) July 20, 2022

On July 19, Dan Gambardello, Founder of Crypto Capital Venture, as well as the host of the very popular YouTube channel “Crypto Capital Venture“, told his over 230K Twitter followers that in the future people will be amazed that it was possible in 2022 to buy one $ADA for under $1:

*Cardano ?

— Dan Gambardello (@cryptorecruitr) July 19, 2022

On Sunday (July 24), crypto trading platform xINVESTOR announced in a notice posted on their website that they would soon be listing “a great project” and that the only supported trading pair is ADA/USDT.

Today, we are announcing the listing of $ADA on xINVESTOR exchange. All users can now trade the asset on our platform.

Happy trading!?

⏰Time: 13:00 PM UTC pic.twitter.com/t6eG02UFDO

— xINVESTOR (@xinvestorcom) July 24, 2022

Czech startup Cardanians, which operates a Cardano stake pool, pointed out yesterday that the Cardano blockchain has not had a single outage for 1760 days.

#Cardano works without an outage for 1760 days. $ADA

— Cardanians.io ? CRDNS pool (@Cardanians_io) July 24, 2022

On the same day, entrepreneur David Erik Gokhshtein, Founder & Executive Chairman of Gokhshtein Media, LLC, suggested that if IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, would use simpler language to describe Cardano, it could increase Cardano’s adoption.

If Cardano would break down their platform in layman’s terms, more people would probably get into $ADA or start building on it.

— David Gokhshtein @ GM (@davidgokhshtein) July 24, 2022

As you may remember, on July 7, Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), said that it’s “pretty obvious” that $ADA is a security. 

According to a report by The Daily Hodl, the MicroStrategy CEO, who is a well-known Bitcoin maximalist, made his comments during an interview with crypto market commentary show “Altcoin Daily”. Saylor explained his belief that native tokens of PoS networks are securities and are therefore “very risky.” In comparison, Saylor argued that Bitcoin is a “digital commodity,” and could therefore be treated differently from a PoS coin such as $ADA. 

On July 16, Charles Hoskinson, who is Co-Founder and CEO IOG, called Saylor “the Tone Vays” of this crypto cycle, and then went on to explain how much more useful Cardano is than Bitcoin, and finished his criticisms of Saylor by pointing out that Saylor had no choice but to be super bullish on Bitcoin because MicroStrategy has invested so heavily into Bitcoin. He added that he think’s Saylor’s head is “all f***ed up and screwed up.”

Image Credit

Featured Image by Quantitatives via Unsplash

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