Last week saw a continued decline in prices for digital assets, but investment products in this sector experienced a surge in buying activity. Inflows reached an impressive $1.44 billion during that period, bringing the year-to-date inflows to an astounding $17.8 billion. This figure shattered the previous record set three years ago, indicating a significant uptick
Cardano
Cardano (ADA) has been making waves in the cryptocurrency market, recording a significant 20.29% price increase over the past seven days. This surge is in line with the current green movement seen in most cryptocurrencies, with ADA trading volume spiking since it hit a low of $0.335 on July 8. The impressive price performance of
Since the beginning of July, the Cardano blockchain has experienced a period of relative quietness, mirrored by a consolidation in the price of ADA. On-chain transaction data reveals that Cardano whales, who hold large amounts of ADA, have also been relatively quiet since the last week of June. Despite this, there was a recent spike
Cardano (ADA) has witnessed a significant 3.4% price increase in the past 24 hours, marking a notable rally in its value. This uptrend comes amidst a broader recovery in the cryptocurrency market, with both Bitcoin and Ethereum also showing slight gains of 2.5% and 2.2%, respectively. Technical analysis on TradingView suggests that Cardano might be
The cryptocurrency market has experienced a significant downturn in the past 24 hours, with the total market capitalization dropping to $2.07 trillion, marking an 8.6% decrease. Bitcoin, the leading digital asset, has been hit hard, with its price falling below $54,000 for the first time since February. This sharp decline has had a negative impact
Cardano (ADA) has shown a correlation with the broader market, experiencing a retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, ADA has now deviated from the struggles of Bitcoin (BTC) and Ethereum (ETH), exhibiting a 2% increase in the past 24 hours and over 12%
The co-founder of Cardano, Charles Hoskinson, recently expressed his belief that artificial intelligence (AI) models are losing their utility over time. According to him, the reason for this decline is the alignment training that comes with AI censorship. This practice involves using machine learning algorithms to automatically filter content that is deemed objectionable, harmful, or
A crypto analyst recently discovered a new technical pattern in the Cardano price movements, suggesting the possibility of a significant rebound. This discovery has sparked optimism among investors, with some analysts speculating that Cardano may have reached its lowest point and could be poised for a comeback to $0.8. Falling Wedge Pattern Signaling a Potential
Ethereum had a tough week, as it fell by 3% and struggled to defend the key support level at $3,500. The downward trend has been clear with the past five weekly candles closing with a lower low. In order to reverse this trend, ETH must push above $3,700 and challenge the resistance at $4,000. Failure
The recent distributed denial of service (DDoS) attack on the Cardano network has sparked both concern and praise from investors. The attack, aimed at disrupting operations, was effectively mitigated by the network’s mechanisms and decentralized structure. According to industry expert Jaromir Tesar, the attack demonstrated Cardano’s ability to withstand and thwart malicious activities. Most services,