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Cardano (ADA) Busy Planting Trees Contributing to Climate Action

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1 ada = 1 tree planted; Tree certificates will be sent from 15 ada; NFT Art is sent from 500 ada.

Climate Neutral Cardano expressed:  Alright, let’s talk a little about donating ada to plant trees during cop26, as Veritree will be DOUBLING all donations made. Obviously, when you hold ADA in a wallet, it’s super easy. Transfer ADA from your personal wallet to the addresses at Veritree.

Now, if you think crypto is a bit bizarre and you only have dollars, euros, or other currencies, we’ve got you covered. Get to an exchange fiat for some Cardano and transfer it to a digital wallet.  Transfer from there to Veritree as simple as that.

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BUT, and this is important, do NOT send ADA donations from an exchange. It won’t work. And we can’t send your exchange account tree planting certificates. Which is sort of the whole point, right? So use a private wallet: Nami, CC Wallet, Daedalus, AdaLite, Yoroi.

The long & short of it: Donate from a private wallet at Veritree.  Receive a world’s first tree certificate.  See Veritree double donations during cop26.  So get involved, tell your friends, and Take Climate Action.

Community response:  Donation of ADA going to heavy sell of ADA which causes price dump of ADA.

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If you are investing in ADA to make a quick buck, you are investing for the wrong reason. Cardano was founding to innovate the crypto and digital world and help provide positive change such as Cardano Africa and Trees. This is stuff that matters long term, and will make us.

You guys need to worry about other advanced updates then worrying about some trees.

You just don’t get the thing about trees.  Cardano cares about trees and more.

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We just donated additional 500 ADA to this project from our pool owner rewards. It’s a good opportunity, because actually amount of trees will be doubled. It’s really easy to participate.

Should have waited to donate my 1000ADAs. When will the Cardano project be completed? What if I already donated prior are they going to double too? But price day by day falling.

Can you be more specific on where these trees will be planted? This seems like a scam.

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We believe! It’s been a long waiting but we are here because we understand what you guys are doing.

Cardano is the silent ninja, about to go to the moon.

With Cardano News everyday can someone explain to me why ADA price isn’t rising.

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Red Alert In Crypto Space, Cardano Price Trembling Yet Remains Bullish

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Crypto space witnessed a replica of a May crash but with lesser intensity. Bitcoin price is hovering between $53,800 and $54,400. However, some assets stood strong above their support levels like Ethereum & Cardano.

Despite the bearish trend prevailing in the short-term, yet the ADA price still remains bullish in the higher time frame. 

Cardano price maintained a substantial downtrend ever since the beginning of the present trading day. In the daily chart, the asset has formed a double-bottom and was expected to surge high slicing through the neckline.

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But the asset was rejected at the neckline in the last few hours of the last trading day. ADA price dumped nearly 15% ever since then, however, it’s also attempting to rebound. 

3rd Cardano sell-off is going on since the early hours of the Asian trade. The dump dragged the price much below the 200-day MA and extended the gap between the strong resistance levels around $2.5.

A major reason for the sell-off is speculated to be the pandemic FUD circulating in space. However, the retracement is expected to be well in place as more than 70% of ADA is staked and keeping only 30% in circulation is pretty bullish for the asset. 

Exactly a year ago, the Cardano price was around $0.03 and the asset was surrounded by immense FUD. However, the ADA price didn’t stop then and may not stop now also.

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Collectively the asset maintains a substantial rally ever since it faced an extreme sell-off in September. Yet the strong support levels still reside around $1 and the asset is still bullish until the asset sustains above these levels. 

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Cardano

Red Alert In Crypto Space, Cardano Price Trembling Yet Remains Bullish

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Crypto space witnessed a replica of a May crash but with lesser intensity. Bitcoin price is hovering between $53,800 and $54,400. However, some assets stood strong above their support levels like Ethereum & Cardano.

Despite the bearish trend prevailing in the short-term, yet the ADA price still remains bullish in the higher time frame. 

Cardano price maintained a substantial downtrend ever since the beginning of the present trading day. In the daily chart, the asset has formed a double-bottom and was expected to surge high slicing through the neckline.

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But the asset was rejected at the neckline in the last few hours of the last trading day. ADA price dumped nearly 15% ever since then, however, it’s also attempting to rebound. 

3rd Cardano sell-off is going on since the early hours of the Asian trade. The dump dragged the price much below the 200-day MA and extended the gap between the strong resistance levels around $2.5.

A major reason for the sell-off is speculated to be the pandemic FUD circulating in space. However, the retracement is expected to be well in place as more than 70% of ADA is staked and keeping only 30% in circulation is pretty bullish for the asset. 

Exactly a year ago, the Cardano price was around $0.03 and the asset was surrounded by immense FUD. However, the ADA price didn’t stop then and may not stop now also.

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Collectively the asset maintains a substantial rally ever since it faced an extreme sell-off in September. Yet the strong support levels still reside around $1 and the asset is still bullish until the asset sustains above these levels. 

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Cardano on the edge: Why and what it needs to make a recovery

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These are not the best of times for Cardano. While the asset may have maintained its sixth position in the rankings with a market cap of $49.1 billion, it is consistently reaching new lows over the past week, and at present, it is possibly at the last key support before an evident bearish reversal.

This article will draw estimates around the current price movement of Cardano and explain why it should recover moving forward to avoid further corrections.

Red-Flags for Cardano

Source: Trading View

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While a sense of optimism is appreciated for one of the top performers of 2021, ADA’s price structure is anything but ideal. Earlier in November, the asset finally breached above its long-term ascending channel pattern but it was followed by immediate invalidation. It was a sign of things to come for the asset, and Cardano barely recovered ever since.

Now, at press time, the asset has finally dropped under the pattern in a bearish direction, eliminating any chance of immediate bullish recovery. $1.80 was an important high-time frame support, which did not hold ADA‘s crashing valuation.

Source: Trading View

The importance of $1.80 can be understood from the Fibonacci levels. $1.80 marked the 0.618 Fibonacci level, which fundamentally is the last support during a correction phase of a bull run.

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During the Q3 correction period, Cardano dropped down to $1.00 which was the Fib level of 0.618 for a market top of $2.47. The same situation hasn’t panned out this time, with the market falling sharply beyond the retracement levels.

Is there still hope?

Source: Trading View

Well, never say never in crypto trend, and volatility could swing in Cardanos’ favor as well. According to data from intotheblock.com, 4.93 billion ADA currently resides between the range of $1.34-$1.63 amongst 394,ooo addresses. While this suggests that ADA may drop down to as low as $1.40 in the next few days, the flip side is, it can recovery strongly as well.

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However, failure to do so may see Cardano enter price discovery between $1.11 and $1.34. Close to 8.37 billion ADA resides in that range distributed amoong ~590,000 addresses. The situation is definitely on the edge for Cardano, and major sentiment indicates a bearish outlook.

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