June 17 (Cointime) - Charles Hoskinson, founder of Cardano, is leading an expedition as part of the Galileo Project to search for a crashed UFO or space object near the coast of Papua New Guinea.

June 16 (Cointime) - The popular meme coin Pepe (PEPE) has suffered a significant decline, losing almost 90% of its gains and facing bearish market sentiment. This drop was triggered by the sudden sale of one trillion PEPE tokens by a potential insider, causing a sharp contraction in its market value.

June 15 (Cointime) - Cardano has established a strong position in the blockchain market due to its scientific approach, unique proof-of-stake consensus protocol, and emphasis on compliance. Its success can also be attributed to extensive peer-reviewed research, scalability and sustainability features, and growing ecosystem and partnerships.

The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. A resistance level of $0.3035 may offer significant resistance upon a retest. Bearish sentiment is revealed through declining OI and a negative funding rate. Cardano [ADA] has suffered a 38% price drop between June 5th and June 10th due to regulatory issues surrounding major crypto tokens. While Bitcoin [BTC] has climbed to $26k, ADA's long-term price movement suggests more bearish activity. The bearish sentiment may drag ADA down to $0.2000 or $0.1750, but a bullish BTC could rally buyers.

Cardano (ADA) has seen a significant drop of almost 22% in the past week, with its development activity, volume, and weighted sentiment all indicating a bearish outlook. Currently trading at $0.2738, data from CoinMarketCap shows that 91.52% of ADA holders are out of the money. 

Cardano experienced a rise in price after hitting a low of $0.23 following the FTX collapse. On-chain data from Santiment shows that three ADA metrics reached their highest levels for 2021 when the price hit this low.

Cointime News on June 13th, Charles Hoskinson, founder of Cardano, has announced on Twitter that Lace Wallet, a Web3 wallet platform from Input Output Global (IOG), now supports Brave, a private web browser for PC, Mac and mobile. Users can easily install Brave as an extension and start exploring. Lace Wallet aims to simplify the Web3 experience for all users and the integration with Brave aligns with this focus. Lace Wallet is the first light wallet platform from IOG and has recently gone open source, making its source code and software development kit components accessible to anyone.

Cardano's ADA has seen a surge in volume, but it may have reached an overbought level. The price-Daily Active Addresses (DAA) divergence indicates that ADA could be approaching a short-term entry point, but it is currently risky to consider it a good entry point.

Cardano's (ADA) price hit a two-year low of $0.23 due to SEC court filings, but has since recovered by 20% to approach $0.28. On-chain data shows that ADA's price is flashing green signals for an imminent recovery, and whale investors are betting big on ADA again.

The cryptocurrency market is currently stagnant, with neither growth nor decline evident according to CoinMarketCap. Bitcoin has seen a slight increase of 0.25% in the last 24 hours, but remains under pressure from sellers. Ethereum has experienced a decline of 0.37% and may continue to drop to $1,600 in the coming days. Cardano is the biggest gainer, rising by 5.24%, but still needs more time to accumulate strength for a further move.