Category: Cardano
The Resilience of Cardano Amidst a Fluctuating Crypto Market
In the volatile world of cryptocurrency, where market values can fluctuate rapidly, Cardano (ADA) has managed to stand out as a beacon of resilience. Despite the overall plunge in the global crypto market, Cardano has shown remarkable growth in on-chain activity, defying the bearish trend that has affected other cryptocurrencies. According to data from the…
Cardano (ADA) Whales Accumulating Tokens and Bullish Outlook
Cardano (ADA) is currently experiencing a surge in large transaction volume, similar to that of Ethereum. Data from the market intelligence platform IntoTheBlock reveals that Cardano recorded a significant transaction volume of $6.7 billion in the last 24 hours. This increase in transaction volume suggests that ADA whales have been actively accumulating tokens, especially during…
The Current State of Cardano (ADA) and Potential Market Movements
Cardano (ADA) has recently experienced a downward trend, with a significant 8% drop last week. However, there is a glimmer of hope in the potential formation of an inverted hammer on the weekly chart. This pattern indicates a potential reversal from bearish to bullish, but confirmation is needed with a subsequent bullish candle. Despite this…
The Surge of Cardano ETP Inflows: A Potential Uptrend Ahead
Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, with institutional investors injecting a substantial amount of capital into the cryptocurrency. This unexpected increase in investment could potentially set the stage for an uptrend in the near future, particularly with the upcoming Chang hard fork. According to a report released…
The U.S. SEC Pauses Allegations Against Solana, Cardano, and Polygon
Recently, the U.S. Securities and Exchange Commission (SEC) decided to temporarily pause its allegations that Solana (SOL), Cardano (ADA), and Polygon (MATIC) are unregistered securities in the ongoing lawsuit against Binance. This pause comes as the SEC filed a joint status report in the U.S. District Court for the District of Columbia, revealing plans to…
The Rise of Cardano: A Deep Dive into ADA’s Potential
Cardano is on the brink of a major milestone with the impending Chang hard fork. This crucial moment in the development of the Cardano ecosystem comes after the recent upgrade of its node validation software in preparation for the upcoming hard fork. The network is currently abuzz with heightened activity as it gears up for…
Cardano (ADA) Price Analysis and Market Outlook
Cardano (ADA) is currently experiencing a significant seven-day decline, with the price dropping below the $0.41 mark. This decline is part of a wider trend affecting many altcoins, which have been reacting negatively to Ethereum’s recent drop. The correction follows a bullish run earlier in the month, during which ADA holders saw substantial gains. As…
The Impact of Dalmas: A Thought Leader in Crypto
Dalmas is a seasoned crypto reporter with a background in mechanical engineering and over a decade of experience in journalism. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex,…
The Troubles of Cardano Holders: A Critical Analysis
Cardano, despite the recent overall market recovery in the cryptocurrency space, appears to be struggling with profitability for its holders. Data from IntoTheBlock reveals that Cardano is currently the worst performer among the top 10 largest cryptocurrencies by market cap, leaving many holders disappointed and questioning their long-term beliefs in the project. Ever since the…
The Impact of Dalmas Ngetich on the Crypto Industry
Dalmas Ngetich, a prominent figure in the world of cryptocurrency reporting, has made a significant impact on the industry. With a background in mechanical engineering and years of experience in journalism, Ngetich brings a unique perspective to his work. His specialization in NFTs, blockchain, DeFi, and blockchain news has allowed him to craft thousands of…
The Decline of Cardano: A Critical Analysis
Cardano (ADA) has seen a recent rise after hitting a low point earlier this month but still remains significantly below its peak. However, external data indicates a concerning trend in developer interest and activity. The number of monthly developer commits has been decreasing, dropping from 3,380 in May to less than 2,000 this month. This…
The Rise of Cardano: A Closer Look at ADA’s Recent Surge
Cardano (ADA) has seen a notable increase of 20.29% in its price over the past week, aligning with the broader positive trend in the cryptocurrency market. The trading volume for ADA has also experienced a significant spike, rebounding from a low of $0.335 on July 8. This surge has allowed ADA to outperform many other…
Discovering My Journey in the Crypto World
Growing up in Edo State, Nigeria, I was fortunate to have a supportive family that shaped my values and beliefs. My siblings have always been my role models, guiding me through the ups and downs of life. My parents, the pillars of my existence, provided unwavering support during both good and bad times, instilling in…
The Impact of Whale Activity on Cardano Price Movement
Recently, the Cardano blockchain has been experiencing a period of relative quietness, accompanied by ADA price consolidation. However, amidst this lull, there has been a notable observation regarding the behavior of Cardano whales and their impact on the overall market sentiment and price movement. Despite the overall quietness in the market, on-chain transaction data has…
