Cardano (ADA) has been under scrutiny by investors and analysts as its price has been in the red. Many have expressed disappointment in ADA’s lackluster performance and its inability to attract traders despite its advanced technology and strong community. The ecosystem of Cardano seems to be lacking the activity and demand seen in other blockchain
Cardano
Toncoin, also known as TON, has recently made significant strides in the cryptocurrency market by surpassing Cardano in terms of market capitalization. As per data obtained from CoinMarketCap, TON currently holds a market capitalization of $23.1 billion, overshadowing ADA’s $21.5 billion as of the latest update. This shift in the rankings of the top 10
The Cardano (ADA) network has recently reached a new milestone, processing over 88.6 million transactions to date. This achievement is significant as it showcases sustained network activity which can have a positive impact on ADA’s price. The network has often been criticized as a “ghost chain,” but this milestone proves that there is active usage
The crypto market is abuzz with discussions regarding the future trajectory of Cardano (ADA), with crypto analyst Alan Santana recently laying out a bearish narrative for the crypto token. Santana’s analysis indicates that ADA may experience a significant price drop, citing its breakout below the $0.58 price level, which has historically served as a strong
Cardano (ADA), the proof-of-stake blockchain platform, has been making significant strides in technological advancements, as reported by Input Output Hong Kong (IOHK), the engineering firm responsible for the Cardano blockchain. The recent announcement from IOHK emphasizes the key improvements made across various aspects of the platform, pointing towards continued growth and development for Cardano. One
In recent days, the price of Cardano (ADA) has experienced a significant drop below the $0.7 mark, sparking concerns among investors and analysts. One plausible explanation for this downturn is the impact of profit-taking by large investors, also known as whales, in the cryptocurrency market. The data from the crypto analytics platform Santiment indicates that
Cardano’s price has been consolidating in a tight range between $0.61 and $0.64 since March 20, showing a lackluster performance compared to other cryptocurrencies like Solana (SOL) and Avalanche (AVAX) which have experienced double-digit price gains. Market indicators are pointing towards the risk of ADA entering a bearish reversal, highlighting the need for a closer
Cardano (ADA), known as the 9th largest cryptocurrency in terms of market capitalization, is currently facing a downward trend amidst the bearish sentiment prevailing in the crypto market. The recent correction in the price of Bitcoin (BTC), the dominant player in the market, has also impacted the performance of other top cryptocurrencies. Despite ADA experiencing
Cardano creator Charles Hoskinson recently addressed the fear, uncertainty, and doubt (FUD) surrounding the Hydra development project. Hydra is a layer-two scaling solution aimed at increasing the transaction processing capacity of the Cardano blockchain at a lower cost. There were rumors circulating that Hydra had been abandoned, but Hoskinson made it clear that the project
Despite many cryptocurrencies exceeding previous price levels, Cardano has yet to reach the $0.8 mark this year. However, recent developments within the blockchain have shown promising signs of growth. The number of active addresses on the Cardano network has surged, with the monthly count hitting its highest point in the past year. This increase in