Cardano

In the second quarter of 2024, Cardano and its native token, ADA, faced significant challenges, as highlighted in a recent report by data intelligence firm Messari. The report indicated a notable decline in various metrics, reflecting the broader downturn affecting the cryptocurrency market. ADA’s price plummeted by 39.7% to $0.39, while its market capitalization fell

Cardano recently announced a delay in the highly anticipated Chang hardfork to September 1, 2024. This delay was confirmed by Cardano founder Charles Hoskinson, who cited the need for platforms like Binance to have more time to prepare for the hardfork. While the Chang upgrade is ready, the decision to push the date allows for

The Cardano (ADA) community is buzzing with excitement as the highly anticipated Chang hard fork approaches. ADA, the native token of the Cardano ecosystem, has seen a massive surge of over 52% in key metrics leading up to the upgrade. Intersect, a member-based organization for the Cardano ecosystem, recently shared detailed updates on the upcoming

Recently, crypto analyst XForceGlobal shared a video analysis focusing on Cardano (ADA), shedding light on its current position within the Elliott Wave cycle. According to XForceGlobal, ADA is potentially entering a strong upward phase known as “Wave 3.” The analyst drew parallels between ADA’s current price action and Solana (SOL), highlighting similarities in their Elliott

Cardano has been the subject of numerous bullish predictions in recent times, largely due to the highly anticipated Chang upgrade. This upgrade is considered to be one of the most significant updates for the Cardano network in quite some time, sparking a wave of optimism among its supporters. Over the past three years, the price

Cardano (ADA) has recently experienced a notable price surge in the crypto market, gaining over 14% in the last seven days. However, on-chain data suggests that investors could potentially face significant selling pressure following this increase. With an additional 12% of Cardano’s supply now in profits, holders of these tokens may be inclined to secure

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Despite Cardano’s consistent underperformance in comparison to the broader market, there has been a recent resurgence of bullish sentiments surrounding the cryptocurrency. This uptick in sentiment is particularly noteworthy given the overall market context, with Bitcoin reclaiming the $61,000 price mark and boosting optimism across major cryptocurrencies. The market sentiment towards Cardano has been on

In a surprising turn of events, Cardano (ADA) has been pushed out of the top 10 cryptocurrencies list by market capitalization. Tron (TRX) has taken its place, marking a significant shift in the cryptocurrency market. Cardano’s fall from grace comes after experiencing substantial price declines over the past week, leading to a decrease in its

At the peak of the 2020 to 2021 bull run, ADA, the native token of Cardano, reached $3 in August, marking a significant milestone for the project. However, the subsequent activation of smart contracts through the Alonzo hard fork led to a downward trend in ADA’s price, with the token currently trading at around $0.32.

Cardano, once a prominent player in the top 10 cryptocurrencies, has now slipped out of this elite group by market capitalization. This shift may not be surprising for those who have been closely following Cardano (ADA) as it has been facing significant challenges in the crypto market. One of the major reasons for Cardano’s decline

Intersect, the organization overseeing the Cardano blockchain’s development, recently issued an urgent call for decentralized application projects on the blockchain to hasten their preparations for Chang Upgrade #1. The upgrade is set to introduce on-chain governance to the Cardano ecosystem, marking a pivotal step toward establishing a “decentralized civilization” for millions of users. According to

The crypto market has seen a significant increase in Cardano’s trading volume in the past 24 hours. Data from various sources such as CoinGlass and CoinGecko show a surge in trading activity, with volumes reaching impressive levels. However, despite this surge in volume, the price of ADA, Cardano’s native token, has not seen a corresponding

The recent crypto market crash, triggered by the decline in Bitcoin, has left many altcoins, including Cardano (ADA), reeling. However, amidst the chaos, some see this as an opportunity to purchase the cryptocurrency at a discount. One such individual is crypto analyst Alan Santana, who has provided a bullish analysis of the ADA price despite

Cardano’s development is a structured process divided into distinct phases known as “eras,” each named after influential poets, mathematicians, or computer scientists. These eras serve as milestones that introduce new features through hard forks, pushing the platform closer to a fully decentralized blockchain ecosystem. The Significance of the Chang Hard Fork The upcoming Chang hard

The ongoing plunge in the overall crypto market began back in July, where the global crypto market cap fell to $2.5 trillion from $2.7 trillion earlier in May. However, despite this downturn recorded in July, Cardano (ADA), the 9th largest crypto by market cap appears to have defied this bearish trend. According to the Cardano

In the world of cryptocurrency, Cardano (ADA) has been making waves lately, especially in terms of transaction volume. It has been observed that Cardano is now in competition with Ethereum in terms of large transaction volume. This is a significant development for the ADA ecosystem, as it indicates a surge in accumulation among the token’s

Cardano (ADA) is currently showing signs of a potential inverted hammer formation on its weekly chart. This pattern typically indicates a shift from bearish to bullish momentum, with buying pressure overcoming initial selling. However, confirmation of this trend reversal is essential, with the need for a subsequent bullish candle to solidify the pattern. Despite this

Recently, Cardano (ADA) has experienced a significant surge in Exchange Traded Product (ETP) inflows, with institutional investors playing a crucial role in this unexpected development. CoinShares, a prominent firm in the crypto ETP industry, released a weekly report on digital asset fund flows. According to the report, digital asset investment products saw an inflow of

The U.S. Securities and Exchange Commission recently announced a pause in its allegations that native crypto assets of Solana (SOL), Cardano (ADA), and Polygon (MATIC) are unregistered securities in the ongoing lawsuit against Binance. This move comes as a significant development in the crypto space, as these assets have faced intense scrutiny and potential delistings

Cardano, a prominent blockchain platform, is on the verge of a significant milestone with the impending Chang hard fork. This critical juncture comes on the heels of a recent upgrade to its node validation software, setting the stage for the upcoming update. The Cardano ecosystem is currently witnessing a surge in activity, which could potentially

Cardano (ADA) has experienced a sharp decline in price over the past seven days, dropping below the $0.41 mark. This decrease is part of a larger trend affecting many altcoins, which have been negatively impacted by Ethereum’s recent significant downturn. The current decline in ADA’s price is seen as a correction from a previous bullish

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The current state of the crypto market recovery has left many Cardano holders in a state of disappointment and frustration. Despite the overall positive trend in the market, data from IntoTheBlock indicates that Cardano is lagging behind as the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This

Cardano (ADA) has experienced a significant increase after hitting a low of $0.3174 earlier this month. However, it is crucial to note that despite this bounce back, the cryptocurrency is still 45% below its highest point this year. The decline in market cap from over $90 billion in 2021 to $15.9 billion on Wednesday has

Cardano (ADA) has seen a remarkable 20.29% price increase over the past week, aligning with the current positive trend seen across most cryptocurrencies. The surge in ADA’s price can largely be attributed to a significant rise in on-chain transactions, driving up trading volume. This increased activity has positioned ADA as one of the top-performing cryptocurrencies

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