Cardano (ADA) has experienced a remarkable rally this month, mirroring and even surpassing the broader crypto market’s momentum. Following months of subdued performance, ADA’s on-chain activity has surged as well, as it decoupled from the altcoin pack. On-Chain Metrics Show Significant Growth According to data from popular on-chain analytic platform Santiment, the ADA transaction volume...Read More
Cardano Foundation, the non-profit organization behind the Cardano ecosystem, has unveiled its financial report for 2023, detailing its expenses across three major areas. Notably, the Financial Insights Report is the foundation’s first and part of its efforts to uphold the principles of transparency and openness. According to the report, the Cardano Foundation primarily spent most...Read More
Most of the cryptocurrency market is in the red today, charting some price losses after the recent massive rallies. BTC fell below $90,000 and even briefly dipped beneath $87,000, ETH is down to just over $3,000, while DOGE and SHIB have plummeted by 5-8%. Two of the top ten largest cryptocurrencies have defied this trend...Read More
Layer-1 blockchain Cardano, founded by Ethereum co-founder Charles Hoskinson, has completed its much-anticipated Chang hard fork, entering the final stages of the project’s development dubbed Voltaire era (the last era of the blockchain’s roadmap, focusing on decentralized governance). Completed on September 1, at 21:44 UTC at block 10764778, the upgrade will transform Cardano’s governance, where...Read More
The current U.S. benchmark rate for massive overnight money market loans from the central bank is in the range of 5.25% and 5.5%. When Powell spoke in Jackson Hole, Wyoming, on Friday, markets expected more signals of a regime of interest rate cutting ahead. Instead, he went a step further and explicitly endorsed rate cuts. In...Read More
With investors eagerly anticipating a much-needed rebound in the price actions of the crypto market, Cardano (ADA) and Ripple’s XRP have emerged as two of the most prominent altcoins experiencing heavy trader shorting after a brief respite. This activity comes amidst mild hints of a rebound in their prices. Heavy Shorting on ADA and XRP...Read More
The cryptocurrency market has been lackluster, with top assets trading sideways, showing minimal volatility and limited price movement. Despite this period of stagnation, data suggests that most of these digital assets are undervalued and have more upside potential. SHIB, DOGE, ADA Immensely Undervalued According to Santiment’s latest findings, the 30-day Market Value to Realized Value...Read More
Following the recent recovery in the market, certain altcoins have become appealing to buyers, with wealthy investors even beginning to stockpile these assets before prices potentially surge. Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) are experiencing notable price surges, each seemingly driven by increased whale activity. Whales Pile In This week, transactions exceeding $100k...Read More
Alongside the rest of the cryptocurrency market, Cardano also witnessed a lackluster month. But certain cohorts of high-profile investors have been slowly amassing significant amounts of ADA tokens. Cardano whales – those holding between 100 million and 1 billion ADA – have added 11% to their balances in the past month, according to ITB’s latest...Read More
Despite criticisms for the alleged abandonment, Cardano remains one of the top blockchain protocols in terms of GitHub activity. According to the data compiled by IntoTheBlock, Cardano has once again surpassed Ethereum and other major Layer-1 blockchains such as Avalanche, Litecoin, and Tron in GitHub commits, reflecting its leading position in developer engagement. Between March...Read More
Cardano’s development and utility have been subject to significant scrutiny within the community, with recent discontent focused on the Hydra project. This layer 2 scalability solution aims to expedite transactions, reduce costs, and optimize Cardano’s functionality. However, Charles Hoskinson has moved to quash rumors of the project’s demise. Charles Hoskinson Sets the Record Straight Cardano...Read More
The Cardano (ADA) blockchain has experienced a significant uptick in user engagement over the past month. According to data from Danogo, a decentralized exchange (DEX) on Cardano, the number of active wallets on the network surged to 600K, a 40% increase that doubles the lowest amount in the past 30 days. The surge in active...Read More
This market cycle’s altcoin season could be as staggeringly profitable as in previous bull market years. The oncoming inflow of capital to altcoin markets represents an unprecedented level of institutional desire and regulatory approval for Bitcoin and blockchain cryptocurrencies. For those wondering why bitcoin is going vertical today, the answer is very simple: Wall Street...Read More
Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply...Read More
Cardano (ADA) has seen an uptick in trading activity, surging over 7% on Thursday and exchanging hands at $0.53. The blue-chip coin crossed the $0.53 mark twice in February after January was filled with tumultuous price action. Following this week’s surge, analysts on social media are discussing and speculating on the factors that could decide...Read More
Following a remarkable climb in 2023, Cardano (ADA) has experienced a downward trajectory for the past few weeks, deviating from the prevailing bullish market sentiment. As a result, ADA has registered a monthly loss of nearly 20%, leading to a reduction in its yearly gains to just over 61%. Priced at $0.522, experts suggest that...Read More
New findings from crypto analytics firm Santiment provide interesting insights into the development activities of leading crypto assets. The data focuses on the top 10 crypto assets with significant GitHub commits in the last 30 days, with notable progress seen in Cardano, Polkadot, and Kusama. While Cardano reclaimed the top position, Avalanche has secured the...Read More
Cardano’s ADA has seen a remarkable surge in the last few months, more specifically, over 120% in appreciation since October 20. As the coin rises to new all-time highs by what’s left of December, Cardano’s DeFi ecosystem is flourishing as well. Cardano’s total value locked (TVL) surpassed $370 million this Friday, reflecting a 520% growth...Read More
The latest development report from IOG (Input Output Global) for Cardano reveals a thriving blockchain ecosystem and significant advancements in technology and community engagement. The report outlines key achievements across various facets of Cardano’s development, with the Site Reliability Engineering (SRE) team playing a pivotal role in improving Cardano’s network and keeping up to date...Read More
Cardano’s ADA has been on the watchlist of investors and analysts, many of whom believe the coin is set for a massive bullish rally even despite recent market corrections. Despite the price decline over the weekend, ADA has recorded roughly 50% gains in the last 30 days. Analysts are now closely watching key resistance levels...Read More
Cardano’s native token experienced an upsurge, alongside various alternative cryptocurrencies, fueled by growing optimism among investors in the broader market. With a remarkable monthly gain exceeding 55%, ADA reached a price level reminiscent of April, briefly touching $0.40 this week. This positive momentum has the potential to boost ADA to surpass a significant resistance level...Read More
Cardano remained locked in a narrow trading range lately with no volatility in sight. Over the past month, ADA was down by approximately 20%, trading at $0.29 as of now. While this trend has caused increasing frustration among market observers, ADA whales and sharks continued to be resilient. In fact, this cohort of holders has...Read More
Cardano (ADA) has shown promising indications of growth in Q2 despite lackluster market activity. Emerging infrastructure such as stablecoins, programming languages, and wallets are helping Cardano developers to craft advanced applications enriched with enhanced user experiences, according to a new report by Messari. The blockchain intelligence platform reported that the Cardano ecosystem has managed to...Read More
On April 6, Charli3 was launched on Cardano as its first oracle integrator. The platform’s oracles have been integrated by Liqwid, a leading DeFi project on Cardano. Charli3 provides a decentralized node network with the framework for projects to supply secure, accurate, and safe data to their platforms and users. It could be viewed as...Read More
The firm behind the Cardano blockchain has been developing a set of tools to enable the creation of sidechains, with the first already deployed as a public testnet. On Jan. 12, IOG stated that the team has constructed an Ethereum virtual machine (EVM)-compatible sidechain as a proof of concept. “Sidechains make Cardano extensible and more...Read More
Cardano founder Charles Hoskinson has announced the launch of his new hospital called “Hoskinson Health & Wellness Clinic,” which will allow customers to pay for medical services using ADA, the native token of the Cardano ecosystem. Announcing the development a few days ago, Hoskinson said the hospital would be open for business by February 2023....Read More
Cardano’s price took turn for the worse after the much-anticipated Vasil upgrade, as it fell to the lowest level since February 2021. ADA is currently on the way to posting the seventh red monthly candle in a row. The ADA price correction gained traction in the wake of a downtrend across the digital asset market...Read More
After a few delays in June and July, the Cardano Vasil update went live earlier, and the native cryptocurrency reacted with a price increase. The upgrade is touted as the most significant one for the IOG-backed blockchain since the implementation of smart contracts a year ago. The IOG team took it to Twitter to announce...Read More
With the upcoming Vasil hard fork, Cardano is expected to see an overhaul on the network. The focus will be on ramping up throughput and smart contract improvements. In a recent report, on-chain analytics platform, Messari observed that Cardano is “priced more aggressively” when compared to other growing ecosystems due to Vasil. It further said...Read More
On-chain analysis has shown that the number of mid-size ADA addresses has reached ATH. This may have contributed to the recent rally of ADA breaking from the months-long downward channel and now sitting above $1.20. In contrast, addresses holding more than 10K ADA have reached ATL. This could be a warning sign that mega whales...Read More
