Engaging Title: “Cardano ADA Upholds Profitability Amid Market Surge”

May 21, 2024

Metablox NFT save memories to the blockchain


Everyday we create memories that are attached to places, but how will future generations know what happened to us? 

Metablox is saving our most important memories on the blockchain, and you can own the real world places the memories happened.


Cardano (ADA) Market Update


Cardano (ADA) has surged 4.19% in the past 24 hours, reaching $0.5021 amid a recent crypto market rally. Data shows that nearly 2 million Cardano addresses, holding 55% of the circulating supply, are currently in profit, despite facing resistances on its path to its previous all-time high.


Cardano (ADA) has been part of the cryptocurrency market rally, buoyed by Bitcoin’s surge. As Bitcoin breached the $71,000 resistance level, ADA also experienced significant gains, reaching a daily high of $0.5090 before a slight retracement to $0.5021.

Main Points

Despite the retracement, nearly 2 million Cardano addresses are holding ADA in profit, while approximately 2.47 million addresses are at a loss. Only a small number of addresses are at break-even, indicating potential profit-taking or selling pressure. The current price presents major resistances for ADA to surpass its previous all-time high of $3.10.


Cardano investors remain optimistic about ADA’s potential, with targets projected by market analysts ranging from $6.66 to $27. The first resistance level for ADA is around $0.5029 – $0.5843, followed by $0.5843 – $0.7183. Overcoming these resistances will be key for Cardano’s further price appreciation in the current market conditions.