Back in 2019, Cardano experienced a significant drop of 57% following a rate cut by the Federal Reserve. The rates at that time were much lower compared to the current levels, with a public debt of $22 trillion. Fast forward to today, the debt has increased to nearly $35 trillion, and interest rates are now
Cardano
Cardano (ADA) has seen a surge in various key metrics within its ecosystem, especially following the successful implementation of the anticipated Chang upgrade on September 1. Despite facing a bearish market sentiment that impacted ADA’s price, the Cardano Foundation reported increased investor activity and blockchain usage. According to a recent social media post by the
Cardano (ADA) is currently facing a critical resistance level at $0.33, indicating a period of fear and uncertainty in the market. However, there is growing optimism among some investors who view this as a buying opportunity. On-chain data from IntoTheBlock reveals that buy orders for ADA tokens outweigh sell orders by a significant margin, suggesting
In a recent video analysis, crypto analyst Dan Gambardello explored the potential future of the Cardano (ADA) price in light of the looming possibility of a US recession. With a substantial following of 369,000 on YouTube, Gambardello highlighted the apprehension among ADA holders and crypto investors due to the current economic discourse surrounding a recession.
Cardano recently underwent the highly anticipated Chang upgrade on its Layer-1 blockchain. This update brought significant changes to the platform, including on-chain voting, Delegate Representatives, improved smart contract capabilities, and a new governance structure with cost model enhancements. Despite these advancements, Cardano (ADA) has seen a decrease in price, triggering concerns among investors. At the
Cardano recently completed its Chang upgrade, transitioning to a decentralized governance system. This new system allows ADA holders to actively participate in shaping the future direction of the network. By enabling on-chain voting, introducing Delegate Representatives, enhancing smart contract capabilities with PlutusV3, and implementing a new governance structure, Cardano is taking a significant step towards
Cardano (ADA) has been facing significant challenges in terms of price growth over the past few years, despite being a well-known altcoin in the cryptocurrency space. These struggles have left many wondering why Cardano has not been able to keep up with other major cryptocurrencies in terms of price appreciation. Insights into Cardano’s Potential Crypto
Cardano, along with its native token ADA, experienced a significant decline in the second quarter of 2024. The report by Messari highlighted various key performance indicators that pointed towards a downturn in the cryptocurrency market. ADA’s price dropped by 39.7% to $0.39, while its market capitalization fell by 39.4% to $14 billion. This decline was
Cryptocurrency analyst @XForceGlobal recently shared a video chart analysis focusing on Cardano (ADA), a digital asset that some are referring to as a “dinosaur coin” in the current market landscape. The analysis delves into Cardano’s position within the Elliott Wave cycle, suggesting a potential strong upward trajectory in the near future. XForceGlobal drew comparisons between
Cardano, the blockchain platform founded by Charles Hoskinson, has announced a delay in the highly anticipated Chang hardfork to September 1, 2024. This decision was made to give exchanges like Binance more time to prepare for the hardfork. While the Chang upgrade itself is ready, ensuring that all key players in the ecosystem are aligned