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Binance Alpha announced an airdrop for Redacted’s new RDAC token, making it the first platform to host the asset. RDAC fell more than 40% after the token first launched, but it has slowly recovered throughout the day.

RDAC powers Redacted’s startup accelerator ecosystem, enabling users to access a wide variety of Web3-oriented platforms. It already has staking capabilities to let holders passively reap additional rewards.

Binance Alpha’s RDAC Airdrop

Binance, the world’s largest crypto exchange, has been hosting many airdrops lately. A recent study claims that the firm controls 94% of the airdrop and staking market, and airdrop-focused traders brought Binance Alpha’s trading volume over $2.8 billion.

As with other recent projects, Binance Alpha attracted a lot of notoriety when it announced an airdrop for Redacted’s new RDAC token.

Binance is the first platform to feature Redacted (RDAC), with trading beginning on May 13, 2025, at 10:00 UTC.

Eligible Binance users with at least 205 Alpha points can claim an airdrop of 482 RDAC tokens on the Alpha Event page starting at 10:00 UTC on May 13, 2025.… https://t.co/7xOXmKrcBe

— Binance (@binance) May 13, 2025

Redacted, a platform designed to accelerate startups across various Web3 sectors, was founded in 2021. It first launched RDAC in a closed sale this March, surpassing the firm’s $3 million funding target.

RDAC powers Redacted’s broader blockchain ecosystem, from various infrastructure platforms to staking rewards and more. These platforms offer features like cross-chain bridging, a DePIN GameFi project, marketplaces, NFT minting, etc.

Revenue from these platforms gets funneled back into the ecosystem, which attempts to maintain RDAC’s long-term sustainability.

Binance’s airdrop announcement attracted a lot of community interest, as this was the average retailer’s first opportunity to acquire RDAC.

Users can earn the asset by completing tasks within the Redacted ecosystem, like interacting with community channels. They can then stake RDAC to unlock additional benefits and rewards in addition to simply selling the token.

Crypto airdrops can frequently cause immense selling pressure, and RDAC’s Binance debut was no exception. Speculative investors quickly dumped the token, causing its value to plummet more than 50% in the first three hours.

However, it has steadily regained this ground throughout the day, displaying community interest in buying it and engaging with Redacted’s ecosystem.

Hopefully, RDAC’s quiet gains after the Binance airdrop are an encouraging sign for the ecosystem’s viability. Redacted has been constructing its startup accelerator for several years, and it has ambitious plans for the future.

A high-profile introduction like this can help set RDAC up for long-term success.

The post Redacted Startup Accelerator Launches RDAC Airdrop On Binance Alpha appeared first on BeInCrypto.

Cardano (ADA) has returned to a bearish trend following its failure to breach the $0.77 resistance. The altcoin has been facing a decline, and recent technical indicators suggest that the bearish momentum could continue. 

A surge in negative market signals has contributed to the continued downward movement, potentially pushing ADA below the critical $0.50 support level.

Cardano Investors’ Losses Surge

Currently, Cardano is experiencing the formation of a Death Cross, which marks a significant shift in market sentiment. The 200-day exponential moving average (EMA) recently crossed over the 50-day EMA, signaling the end of the altcoin’s five-month bullish momentum.

This bearish crossover is often seen as a precursor to further price declines, as it suggests that market sentiment is shifting to a more cautious, bearish outlook.

The Death Cross is a classic sign of weakening investor confidence, which has been compounded by poor market conditions. As ADA struggles to regain upward momentum, the bearish trend is likely to persist unless there is a significant change in market sentiment.

Moreover, investors appear to be moving away from ADA, further fueling the decline in its price.

In addition to the Death Cross, the overall macro momentum for Cardano is also showing signs of weakness. The MVRV (Market Value to Realized Value) Long/Short Difference has dipped below the neutral line, indicating that long-term holders (LTHs) are on the verge of losing their profits.

If this trend continues, the profitability of LTHs could shift to short-term holders (STHs), further intensifying the bearish pressure.

A continued drop in the MVRV Long/Short Difference below the zero line would signal that investors’ belief in ADA’s recovery is waning. With LTHs potentially seeing their profits evaporate, there is little incentive for them to hold on to their positions, which could lead to further price declines.

ADA Price Decline Likely

Currently, Cardano’s price is hovering at $0.57, holding above the critical support of $0.54. However, this support is the last line of defense before ADA potentially falls below $0.50. If the price continues its downward trajectory, a drop to $0.50 is a real possibility.

Should the bearish trend intensify, ADA could easily fall through the $0.50 support, extending the losses and pushing Cardano toward $0.46. This would significantly diminish any chances of a recovery and deepen the ongoing downtrend.

The only way to reverse this bearish outlook would be for ADA to secure $0.57 as a support floor. A successful break above $0.63 could restore confidence among investors, which may help avoid further losses and provide a path for recovery.

The post Cardano Death Cross Could Send Price Below $0.5 As Crucial Investors Near Losses appeared first on BeInCrypto.