According to financial research firm Bernstein, the cryptocurrency market, led by Bitcoin, is poised for an unprecedented rally. The firm suggests that last week's crucial court decision favoring Grayscale in its lawsuit against the U.S. Securities and Exchange Commission (SEC) has set the stage for this upswing.Unlike previous rallies driven primarily by retail investors, Bernstein indicates that institutions are expected to lead the charge...
Decentralized social media application Swiper, which unites sports enthusiasts across the globe, scored a major win in EMURGO's recent hackathon in the aggregator track. Its representatives held Q&A sessions with the EMURGO team to cover the prospects of development on Cardano (ADA).EMURGO BUILD 2023 winner Swiper shares "imperative" for Cardano (ADA)While Cardano (ADA) has already established a presence in the blockchain space, it is im...
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Cardano price drop 30% twice in four months, with the $0.2535 to $0.2446 order block breaking the fall both times.
With this demand zone holding as a support level, ADA may be due for an upward correction toward $0.3000.
On-chain metrics show steady rise in social dominance alongside a positive index for its MVRV ratio.
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Djed, the overcollateralized stablecoin on Cardano, has received a whole new upgrade. COTI, the issuer of the Djed stablecoin, announced in a tweet that it has performed an upgrade to Djed's code as part of its continuous improvement process.This update comes with a host of process flow optimizations, a lowering of the minimum mint and burn requirements for DJED and SHEN, as well as a reduction in operational fees.The Djed protocol's chain ind...
Cardano, one of the top blockchain platforms, is bucking broader market trends with an increase in its on-chain transaction volume, despite a suppressed market value in relation to its April highs, according to recent data provided by Santiment. The data from cryptocurrency tracking site CoinGecko shows Cardano's current price at $0.257058, up 0.7% in USD and 0.4% against Bitcoin. The platform holds a market capitalization of just over $9 bi...
In a recent YouTube video, Charles Hoskinson, the founder of Cardano, clarified his stance on his participation in the Cardano ecosystem's NFT (Non-Fungible Token) projects. Broadcasting from Colorado, Hoskinson explained that although he prominently displays artwork from the Apes Society in his office, it was a gift, and he has not received any payment or endorsement for it. He went on to state that he maintains a general policy of not pers...
As autumn approaches, the Cardano community should brace itself for a recurring pattern that has unfolded over the years. A glimpse into historical data reveals a disturbing trend for ADA, the Cardano token, during the ninth month of the year, raising concerns among investors. Analysis of data provided by CryptoRank paints a bleak picture for ADA's performance in September.
Thus, ADA has consistently emerged from September in the red. Unrav...
Bitcoin transaction fees have seen a significant reduction this week, plummeting by more than 15% to $3.3 million, according to data analytics firm IntoTheBlock.
The number of Bitcoin transactions has also declined over the past week, with a seven-day average of 474,720 transactions.
Highs and lows for the week were 612,460 transactions on Aug. 20 and 399,150 on Aug. 24, respectively.
These fees serve as an incentive for miners, the individu...
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Charles Hoskinson commented on recent developments in Cardano and that the project is on its way to beat competitors Bitcoin and Ethereum.
Hoskinson believes Cardano is likely to become the world’s largest cryptocurrency with its governance model and decentralization.
ADA price is currently in a downward trend that sta...
In a keynote address at the Rare Evo conference, Charles Hoskinson, the CEO of IOG, made the audacious prediction that Cardano (ADA) will overtake Bitcoin and Ethereum to become the world's largest cryptocurrency.
Currently, Cardano sits as the eighth-largest cryptocurrency with a market capitalization of approximately $9.16 billion, far behind Bitcoin's $506 billion and Ethereum's $198 billion.
A cornerstone of his argument is Cardano's com...
