The recent crypto market crash triggered by the decline of Bitcoin has had a significant impact on altcoins like Cardano. While some may view this as a negative turn of events, others, such as crypto analyst Alan Santana, see it as an opportunity to purchase Cardano at a lower price. Santana’s analysis emphasizes a bullish
Cardano
Cardano’s evolution is organized into distinct phases called “eras,” each named after notable figures in various fields. These eras serve as milestones for introducing new functionalities through hard forks. The roadmap includes Byron, Shelley, Goguen, Basho, and now Voltaire, with each era bringing unique characteristics to the platform. The upcoming Chang hard fork marks the
In a period marked by a deep plunge in the overall crypto market, Cardano (ADA) has managed to stand out with its resilience and growth in on-chain activity. Despite the global crypto market cap falling to $2.5 trillion from $2.7 trillion in May, Cardano has shown notable progress. The Cardano foundation reports an increase in
Cardano (ADA) is making waves in the cryptocurrency market as it competes with Ethereum in terms of large transaction volume. The recent surge in transaction volume indicates a wave of accumulation among ADA’s large holders. Data from market intelligence platforms like IntoTheBlock and Santiment show that Cardano whales have been actively adding to their positions,
Cardano’s ADA is currently facing a potential trend reversal as it forms an inverted hammer on its weekly chart. This pattern typically indicates a shift from bearish to bullish sentiment, with buying pressure overcoming initial selling. However, confirmation is crucial, and ADA’s technical indicators present a mixed picture. The Average Directional Index (ADX) is currently
Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, with a staggering 300% increase in capital coming from institutional investors. This unexpected influx of funds has sparked optimism among market participants, potentially setting the stage for a bullish trend as the Chang hard fork approaches. According to a report from
The U.S. Securities and Exchange Commission (SEC) has made a significant decision to pause its allegations that Solana (SOL), Cardano (ADA), and Polygon (MATIC) are unregistered securities in the ongoing lawsuit against Binance. This move comes after the SEC filed a joint status report in the U.S. District Court for the District of Columbia, stating
The Cardano ecosystem is on the brink of a major update with the upcoming Chang hard fork. This crucial moment is preceded by a recent upgrade of its node validation software, setting the stage for a significant milestone in Cardano’s development. The network is currently experiencing a surge in activity as it prepares for the
Dalmas Ngetich, a seasoned crypto reporter, has made a significant impact on the crypto industry with his unique perspective and expertise. With a specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, Dalmas stands out in the field. His background in mechanical engineering and over a decade of experience in journalism has equipped him
Cardano (ADA) has been facing a noticeable decrease in value over the past week, especially with the recent drop below the $0.41 mark. This decline is not isolated to ADA alone, as many other altcoins have also been reacting negatively to the significant decrease in Ethereum’s price within the last 24 hours. The recent downtrend