In 2019, the Federal Reserve made a rate cut that resulted in a 57% drop in the value of Cardano. This downward trend continued for several months, with only a brief period of recovery. The market downturn during the COVID-19 pandemic further exacerbated these declines. The upcoming rate cut by the Federal Reserve is expected
Cardano
The Cardano (ADA) ecosystem witnessed significant growth in various key metrics in August, coinciding with the successful implementation of the Chang upgrade on September 1. Despite a bearish market sentiment affecting ADA’s price, the Cardano Foundation reported increased investor activity, and blockchain usage was on the rise. In a recent social media post, the Foundation
Cardano (ADA) is currently facing a critical resistance level at $0.33 after a tumultuous week in the market. Despite the overall fear and uncertainty, on-chain data suggests that some investors are viewing this as a potential buying opportunity, indicating growing optimism within the market. This accumulation of ADA at current levels may be a sign
As the crypto market continues to experience turbulence amidst the looming threat of a US recession, popular crypto analyst Dan Gambardello recently shared his insights on the potential future of the Cardano (ADA) price. With a substantial following of 369,000 on YouTube, Gambardello highlighted the general unease among ADA holders and crypto investors due to
Cardano recently underwent the Chang hardfork, which brought about significant changes to the Layer-1 blockchain. Some of the key updates included the introduction of on-chain voting, Delegate Representatives, improved smart contract capabilities, and a new governance structure with enhanced cost models. ADA holders now have the ability to participate directly in governance decisions or delegate
Cardano recently completed its Chang upgrade, a significant milestone that marked the transition to a decentralized governance system. This upgrade, named after Chinese mathematician Ch’ang Shou, introduces key changes that will shape the future direction of the Cardano network. The Chang upgrade brings decentralization to Cardano’s governance by enabling on-chain voting. ADA holders now have
For years, Cardano (ADA) has been struggling to break out of its underperforming streak, despite being hailed as one of the most popular altcoins in the cryptocurrency space. The price of Cardano has remained stagnant, failing to reflect its potential and leaving investors wondering when it will finally make a significant move. Crypto analyst Max
Cardano and its native token ADA experienced a significant decline in the second quarter of 2024, in line with the broader cryptocurrency market. ADA’s price dropped by 39.7% to $0.39, while its market capitalization fell by 39.4% to $14 billion. These figures indicate a challenging quarter for the project, with various key performance indicators showing
Recently, crypto analyst @XForceGlobal shared a video chart analysis focusing on Cardano (ADA), a cryptocurrency that some are currently overlooking as a “dinosaur coin.” In the analysis, XForceGlobal provided an in-depth examination of Cardano’s current position within the Elliott Wave cycle, suggesting that ADA is on the brink of entering a strong upward phase known
Cardano (ADA) enthusiasts are buzzing with excitement as the Chang hard fork draws near. The native token of the Cardano ecosystem has seen a remarkable surge of over 52% in key metrics, adding fuel to the anticipation. Intersect, a vital organization within the Cardano community, recently took to X (formerly Twitter) on August 20 to
