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
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
Dalmas Ngetich is more than just a seasoned crypto reporter; he is a driving force in the industry. His dedication to covering topics such as NFTs, blockchain, DeFi, and blockchain news for platforms like NewsBTC has set him apart. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has
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
Growing up in Edo State, Nigeria, surrounded by three siblings who served as his idols and mentors, Godspower Owie credits his parents as the backbone of his story. Their unwavering support through good and bad times has made him feel safe and secure, shaping his values and outlook on life. Three years ago, Godspower was
The Cardano blockchain has been experiencing a period of relative quietness since the beginning of July, accompanied by a consolidation in ADA prices. This quiet phase also seems to extend to Cardano whales, as on-chain transaction data indicates that daily whale inflows have been relatively stable, with numbers consistently staying below 5 million ADA since
Cardano (ADA) has seen a significant 3.4% increase in its price over the past 24 hours, signaling a potential bullish reversal. This surge comes amidst a broader market recovery, with Bitcoin and Ethereum also experiencing slight gains of 2.5% and 2.2%, respectively. Accumulation by whales, investors holding large amounts of ADA, has played a key
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a strong background as a web3 content writer, journalist, and aspiring trader. His writing skills have led him to contribute to various well-known platforms in the industry, such as AMBCrypto, Blockchain.News, and Blockchain Reporter. Edyme’s journey into the world of cryptocurrency was not without
Cardano (ADA) has shown a significant correlation with the broader market in recent months, experiencing a retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, in a surprising turn of events, ADA has diverged from the struggles of Bitcoin (BTC) and Ethereum (ETH), with a 2%
The world of cryptocurrency trading is often filled with speculation and analysis from experts in the field. Recently, a crypto analyst uncovered a new technical pattern in the Cardano price movements, suggesting a potential rebound. This analysis has sparked optimism among other experts in the field, who believe that Cardano may have hit its bottom
The Cardano network recently experienced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. Despite the attack, the decentralized structure and mechanisms of Cardano proved effective in mitigating the impact of the attack, ensuring uninterrupted stability and operation. This demonstration of resilience has earned praise from bullish investors and renewed
Scott Matherson, a well-known crypto writer at NewsBTC, has established himself as a leading voice in the cryptocurrency industry. With a background in banking and investment, Scott brings a wealth of experience to his writing, allowing him to simplify complex topics for readers from all walks of life. Scott’s dedication to clarity and accuracy has
The on-chain analytics platform Santiment has highlighted a factor that could potentially contribute to Cardano (ADA) and XRP experiencing further upward movements in their prices. This factor revolves around the heavy shorting activity that these two cryptocurrencies are currently facing. Despite recent relief pumps in the crypto market, it is important to note that many
Cardano’s recent partnership with Entre Ríos in Argentina has been touted as a significant development that could potentially propel the price of ADA to $3. The initiative aims to promote blockchain adoption in Argentina and open up new market opportunities for Cardano. While this partnership may seem promising on the surface, it remains to be
Despite numerous attempts to engage with Elon Musk’s companies, particularly X (formerly Twitter), Charles Hoskinson, the founder of Cardano, expressed his disappointment at the lack of response. Even offers of free work to combat issues like fake accounts and bots on the platform were met with silence. This silence extended to Musk personally, as Hoskinson
STORM Partners, a leading blockchain services provider, caused a stir at the recent Web3Fest event held in Switzerland’s renowned “Crypto Valley.” The company, along with key players such as Cardano and MultiversX, made a groundbreaking announcement that is set to reshape the landscape of blockchain technology adoption. The unveiling of “Lightningbox,” a cutting-edge Web3 Sandbox,
In the world of cryptocurrencies, Cardano has been making waves recently, with many analysts predicting a bullish trend for its price. One such analyst, known as @Av_Sebastian on X (formerly Twitter), has gone as far as to suggest that the Cardano price could skyrocket to $2 in the near future. This optimism is largely based
The world of cryptocurrency is filled with speculations and predictions, with experts and analysts constantly forecasting the future prices of various digital assets. One such prediction that has caught the attention of many is the ultra-bullish forecast for Cardano (ADA) made by crypto analyst Nick from the Cheeky Crypto YouTube channel. In this article, we