The rapidly rising altcoin, Cardano (ADA) which saw a 67 percent hike during Q1, has now acquired the position of the most held crypto asset by investors of eToro US in Q2. Where top cryptocurrency Bitcoin’s steady speed of a 42 percent rise in demand could not beat Cardano for the top spot. Check out the
Cardano (ADA) is currently in a key transition phase, moving towards becoming a smart contract compatible blockchain with Alonzo hardfork. However, critics beleive the network hasn’t delivered on its promises. One Twitter user pointed toward the last year’s tweet made by founder Charles Hoskinson on what the network would be capable of in a year.
Cardano(ADA), the fifth-largest cryptocurrency by market cap has seen a 7% rise in its price over the past 24-hours especially after Grayscale added it to their popular Digital Large Cap Fund with the third-highest allocation. The price of ADA was trading at $1.40 at the time of writing, rising from a daily low of $1.29.
Grayscale, the largest crypto asset manager has added another altcoin to its popular Digital Large Cap Fund ($GDLC). Cardano (ADA) was included in the fund with the third-highest allocation of 4.36% after Bitcoin (67.47%) and Ether (25.39%). Grayscale Digital Large Cap Funds is a passive investment option that offers exposure to 70% of the digital
Cardano breaks out of a descending triangle pattern, aiming for a 48% upswing to $1.6. The MACD has validated the bullish outlook on the 4-hour chart. Cardano has surged by more than 48% in the last 24 hours. The rally occurred in spite of the lethargic upward price action in the market, coupled with the
Cardano (ADA), currently the third-largest cryptocurrency by market cap has recorded an extremely rare feat, where ADA/USD correlation with BTC/USD fell into negative territory, in what many considered almost impossible for a non-stable coin. ADA had recorded a phenomenal run in the last couple of weeks of February registering its all-time-high of $1.48 and replaced
Over the last 24 hours, the altcoins’ market is in deep red with some top cryptocurrencies losing between 4-10%. As per the charts on CoinMarketCap, the altcoins have lost over $4 billion in combined market cap over the last 24 hours. Among the top ten cryptocurrencies, Chainlink (LINK) has lost the most in percentage terms
Cardano (ADA) price has jumped 10.56% on Monday, September 28 as Cardano developer Charles Hoskinson briefed new developments with the platform’s Goguen update. At press time, ADA is trading $0.1052 with a market cap of $3.2 billion. Cardano’s (ADA) daily trading volume has also shot to $850 million. Hoskinson explained the platform’s new capabilities during
Prominent cryptocurrency exchange, Bitfinex finally extended support for ADA post-Shelley hard fork. While the new listings often boost the price of the cryptocurrency involved, key indicators hinted the presence of bears in the ADA market. Just last week, the Cardano network rolled out its much-awaited Shelley hard fork. As the Cardano network bid adieu to
Emurgo–the business development wing of Cardano, is partnering with Travala–a blockchain-based platform for online hotel and accommodation booking that supports an array of cryptocurrencies. The announcement was made on June 30, 2020, and the deal will see Travala list ADA—the native currency of Cardano, as one of the supported digital assets. As part of their marketing, all users
Cardano (ADA) bulls are firmly in control. Performance in the past week has been stellar. After a depressing few months, bulls are finally in control and driven by solid fundamentals, Cardano prices are trending at around new 2020 highs. Cardano (ADA) Price Pumped by Bullish Fundamentals Adding an impressive 30 percent in the past trading
Altcoin, Cardano [ADA] seems to be witnessing an array of advances as the social volume of the network and the price of the coin were seen surging. The coin was trading at $0.08022 with a 24-hour price change of 3.04%, at the time of writing. Cardano [ADA] Price Improves, All Thanks To The Shelley Mainnet!
Cardano saw a 2.5% price increase over the past 24 hours of trading as the cryptocurrency trades at a price of around $0.0498 The bulls are struggling to break resistance at $0.051. Cardano witnessed a 2.5% price hike over the past 24 hours of trading as the cryptocurrency reaches the $0.049 level again. The coin
This May, Cardano, a smart contract platform that competes with Ethereum, will begin transiting to Shelly phase following the successful reboot of Byron. Byron was the first phase and the foundation of the five-stages whose culmination will result in a robust, decentralized, and resilient Proof-of-Stake consensus network built from scratch. As Cardano is described as
Cardano is just some few steps away from complete decentralization following the successful hard fork and the subsequent implementation of Ouroboros BFT. This update links the Byron phase with Shelly, a critical phase that readies the platform for smart contracting capability while ensuring complete node distribution, an edge in blockchain circles. Ouroboros is the first
Judging from price action, small cap altcoins are well-positioned to gain against the USD, and a 10-15% pump could be on the table. Other big cap altcoins including Cardano (ADA), Tezos (XTZ), and EOS may also register decent gains against the greenback. While there are bullish hints against Ripple (XRP), its performance relative to BTC
Forget Bitcoin SV, Ethereum Classic (ETC) is attracting the attention of traders. Until this week, the coin has been at the periphery, lodged outside the top 20 by market cap but events of the last few days have been shaping for the coin. Ethereum Classic [ETC] Flips Cardano [ADA] and Tron [TRX] At press time,
The argument fronted by a renowned cryptocurrency analyst is that Cardano, the smart contracts platform that will compete with Ethereum promising a high throughput and scalability, is overvalued. At press time, its native currency, ADA, has a market cap of $934 million from a circulating supply of 25.927 billion. The Proof-of-Stake consensus-based platform is founded
The struggle between the bulls and the bears is apparently behind us as Bitcoin has quickly climbed above $9100 after a pullback. The tussle that the market now faces is between altcoins and Bitcoins. While Facebook’s cryptocurrency launch restores the regulatory faith around cryptocurrencies, the spotlight that Bitcoin has been gaining from institutional investors stands
Bitcoin was trading around the $8000 range since 13th May as the bullish momentum on Bitcoin peaked in the next couple of days. The yearly high recorded on Bitcoin [BTC] is $8390-$8410 on 14th May 2019. Nevertheless, like most times, this rise was also followed by a fall. Some traders were apprehensive of Bitcoin another