Investment Disclaimer:

• I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
• Past performance presented here is not an indicator of future performance.
• This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.

1. Top 3 Good News for ADA HODLERS !!!

• Canadian Securities Exchange-listed company puts $300k into Cardano (ADA) staking
  Statistic as of 3 Apr 2021 12:07 PM EDT: 65  positive votes, 0 negative votes
  Graph Blockchain Inc. (CSE: GBLC) has invested $ 300 K in Cardano as their staking capital as they strongly believe in the mass adoption of decentralized applications (Dapps) and Cardano's smart contract capability in 2021 and beyond.
  
  
• Cardano blockchain gets first liquidity aggregator in Orion Protocol
  Statistic as of 3 Apr 2021 12:07 PM EDT: 64  positive votes, 3 negative votes
  Orion Protocol, a decentralized gateway that aggregates the liquidity of every centralized exchange (CEX) and decentralized exchange (DEX) into one common decentralized platform has partnered with Cardano to become Cardano's first liquidity aggregator as they believe in Cardano's vision in advancing the scalability and interoperability of current decentralized blockchain system. 
  
  
• IOHK successfully completes decentralization of Cardano block production
  Statistic as of 3 Apr 2021 12:07 PM EDT: 59  positive votes, 1 negative votes
  IOHK, the main company that is behind the end-to-end development of Cardano's blockchain ecosystem has stopped producing any block and the block production is now 100% lies in the hands of Cardano's stake pool operators.

2. Top 2 Bad News for ADA HODLERS !!!

• Cardano Price Analysis: ADA Facing Critical Support Following 13% Weekly Drop
  Statistic as of 3 Apr 2021 12:08 PM EDT: 5  positive votes, 13 negative votes
  
  
• Cardano Price Analysis: ADA Slumps To 2-Week Low Against BTC, Is Bullish Momentum Over?
  Statistic as of 3 Apr 2021 12:08 PM EDT: 3 positive votes, 6 negative votes

3. How Cardano Performs Relative to Other Cryptos ?

As of 3 April 2021, Cardano has made a cumulative return of 3577.27% since Jan 2020 and 684.03% since Jan 2021. It is currently the 3rd greatest performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.

4. Technical Analysis on Cardano

4.1. Volume Weighted Average Price (VWAP)

4.2. Moving Average Convergence Divergence (MACD)

4.3. Bollinger Band

4.4. Relative Strength Index (RSI)

Based on the technical analysis presented above, quantdoge holds a slightly bullish short-term price outlook on ADA, but I could be wrong, hence please make careful due diligence before making any trading or investment decision.

5. Cardano Risk Profile

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Cardano defined above, ADA is becoming less riskier on 3 Apr 2021 as compared to 10 days before on 25 Mar 2021, with its biggest pullback being seen at 19.82% on a single day during the last 100 days. However, I could be wrong about my estimation, hence please make careful due diligence before making any trading or investment decision.

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If you are into Ethereum (ETH) and Bitcoin (BTC), I have made a similar analysis on them at:

• 1 April 2021 (THU)- Bitcoin (BTC) Daily Risk Report
  
  
• 1 April 2021 (THU)- Ethereum (ETH) Daily Risk Report

If you like my analysis and articles, please follow me at @quantdoge for daily updates.