Cardano (ADA) has seen a significant price surge in the last seven days, gaining over 14% during this period. However, despite these gains, on-chain data suggests that investors may be preparing to sell off their holdings. The recent price surge has led to over 12% of Cardano’s supply being in profits, indicating that investors who
Cardano
Ronaldo’s journey into the world of cryptocurrency began with a spark of curiosity that evolved into a deep passion for understanding the intricacies of this groundbreaking technology. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the nascent and ever-evolving industry. One of Ronaldo’s defining areas of
Cardano, a cryptocurrency that has been lagging behind in performance when compared to the broader market, is suddenly showing signs of a bullish revival. This surge in positive sentiment is quite significant, especially in the current market climate where Bitcoin has crossed the $61,000 mark, leading to renewed optimism in the cryptocurrency space. Despite recently
In a surprising turn of events, Cardano (ADA) has recently been dethroned from its position in the top 10 cryptocurrencies by market capitalization. The once-popular altcoin has lost its coveted spot to Tron (TRX), signaling a significant shift in the crypto market landscape. According to data from CoinMarketCap, Cardano’s market capitalization has seen a sharp
The popularity of ADA, the native token of Cardano, surged during the 2020 to 2021 bull run, reaching an all-time high of $3 in August. However, the subsequent activation of smart contracts on the Cardano network following the Alonzo hard fork marked a turning point. Despite initial optimism, ADA has experienced a significant downtrend in
Cardano, once a prominent player in the top 10 cryptocurrencies, has now slipped out of that list, facing significant challenges along the way. One of the contributing factors to Cardano’s decline is its reliance on off-chain components, which undermine its decentralization efforts. This, coupled with low network activity compared to competitors like Ethereum and Solana,
The Intersect organization, which oversees the development of the Cardano blockchain, has issued an urgent call for decentralized application projects on the blockchain to accelerate their preparations for the upcoming Chang Upgrade #1. This call to action comes after an announcement on August 17th, where Intersect revealed that more than 80% of stake pool operators
The crypto market has recently seen a significant increase in the trading volume of Cardano (ADA), the 11th largest cryptocurrency by market capitalization. According to data from CoinGlass, there has been a 150% surge in trading volume over the last 24 hours, totaling around $477 million. This increase is also reflected in CoinGecko’s data, which
Cardano, like many other altcoins, has been affected by the recent market crash triggered by the decline in Bitcoin prices. While some might see this as a negative development, there are analysts such as Alan Santana who view this as an opportunity to acquire the cryptocurrency at a lower price. According to Santana, investing in
Cardano’s journey towards decentralization is divided into multiple phases, each named after influential figures in various fields. These phases include Byron, Shelley, Goguen, Basho, and the upcoming Voltaire era. The Chang hard fork marks the beginning of the Voltaire era, where on-chain governance will enable ADA holders to directly participate in decision-making processes. The Chang
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) 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
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
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