Cardano, once a prominent player in the cryptocurrency market, has now slipped out of the top 10 rankings by market capitalization. The primary reason behind this decline can be attributed to its overreliance on off-chain components, which compromise its decentralization. Unlike its competitors like Ethereum and Solana, Cardano has failed to maintain high network activity
Cardano
The organization overseeing the development of the Cardano blockchain, Intersect, has put out an urgent call for decentralized application projects focused on the blockchain to speed up their preparations for the Chang Upgrade #1. This call to action is essential to ensure a smooth transition and maintain the integrity of the network. Importance of the
The recent surge in Cardano’s trading volume has caught the attention of many investors in the crypto market. The data from various platforms, such as CoinGlass and CoinGecko, indicates a significant increase in trading activity for ADA, the native token of Cardano. This surge has amounted to approximately $477 million in the last 24 hours,
In the midst of the recent crypto market crash triggered by the decline in Bitcoin, Cardano has found itself significantly impacted. The ADA price has plummeted, causing concern among investors. However, not everyone views this decline as a negative. In fact, some analysts, such as Alan Santana, see it as an opportunity to buy Cardano
Cardano is gearing up for the Chang hard fork, which will mark the beginning of the Voltaire era by ushering in on-chain governance. This upgrade is set to empower ADA holders with the ability to directly participate in decision-making processes, thus bringing the platform one step closer to achieving a fully decentralized blockchain ecosystem. Cardano’s
Amidst the overall downtrend in the crypto market, Cardano (ADA) has managed to stand out with its remarkable on-chain activity. The Cardano foundation reported a significant increase in on-chain activity for the blockchain in July, showcasing resilience and growing user engagement. The network saw a noteworthy uptick in transactions, reaching 94.6 million, indicating a 1.62%
It is evident that the Cardano ecosystem is experiencing a surge in activity, particularly among the token’s large holders. Data from market intelligence platforms such as IntoTheBlock and Santiment reveals that Cardano whales have been actively adding to their positions in recent days. This surge in whale activity is reflected in the massive transaction volume
Cardano (ADA) has been facing a downward trend after a significant drop last week, but there is a glimmer of hope in the form of a potential inverted hammer formation on the weekly chart. An inverted hammer typically indicates potential buying pressure overcoming early selling, which could signal a shift from a bearish to a
Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, surpassing expectations. According to CoinShares, a renowned firm in the crypto ETP industry, institutional investors have injected a substantial amount of capital into Cardano, setting the stage for a potential uptrend ahead of the Chang hard fork. This unexpected influx of
The U.S. Securities and Exchange Commission (SEC) has recently announced its decision to pause allegations that Solana (SOL), Cardano (ADA), and Polygon (MATIC) are unregistered securities. This move comes as part of the ongoing lawsuit against crypto exchange giant Binance, where the SEC has filed a joint status report in the U.S. District Court for
