Recently, Cardano (ADA) has been experiencing trading just below a crucial resistance level at $0.33. The market has been immersed in fear and uncertainty, creating a challenging environment for investors. Despite this, some on-chain data from IntoTheBlock unveils a ray of hope for ADA, indicating that certain investors see this as an opportune moment to
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Recent analysis by crypto analyst Dan Gambardello has shed light on the potential future of Cardano (ADA) amidst troubling forecasts of a US recession. With a substantial following on YouTube, Gambardello highlighted the unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. He drew parallels between
Despite the completion of its Chang upgrade, Cardano has seen a decrease in price. The Chang hardfork brought significant changes to the Layer-1 blockchain, including on-chain voting, enhanced smart contract capabilities, and a new governance structure. ADA holders now have the ability to participate in governance issues directly or delegate their voting power to trusted
Cardano has recently completed its Chang upgrade, symbolizing a shift towards a decentralized governance system where ADA holders can now actively participate in determining the network’s future course of action. This transformation marks a significant milestone in the evolution of Cardano and opens up new possibilities for the community. The Chang upgrade brings about several
Cardano (ADA) has been struggling to break out of its stagnant price growth pattern for several years, despite being a popular altcoin in the cryptocurrency space. However, a recent analysis by crypto analyst Max Maher has shed light on why Cardano has failed to perform as expected, while also offering a glimpse of hope with
Cardano and its native token, ADA, faced a significant decline in the second quarter of 2024, mirroring the overall downtrend in the cryptocurrency market. The price of ADA dropped by 39.7% to $0.39, while its market capitalization fell by 39.4% to $14 billion. This decline was attributed to an increase in circulating supply, leading to
In a recent video chart analysis, crypto analyst @XForceGlobal shared insights on Cardano (ADA), a cryptocurrency that many in the market are currently dismissing as a “dinosaur coin.” The analyst compared the current price action of ADA to that of Solana (SOL), pointing out similarities in their Elliott Wave structures. XForceGlobal highlighted that Solana went
Cardano’s much-anticipated Chang hardfork has been postponed to September 1, 2024. The delay was confirmed by Cardano founder Charles Hoskinson, who stated that while the upgrade is ready, additional time is needed for platforms such as Binance to prepare for the hardfork. Hoskinson emphasized the importance of deadlines in pushing people to take upgrades seriously
The Cardano (ADA) community is buzzing with excitement as the highly anticipated Chang hard fork is on the horizon. With the upcoming upgrade, ADA, the native token of the Cardano ecosystem, has seen a massive surge of over 52% in this key metric. Members of the community-based organization Intersect have been actively sharing detailed updates
Recent bullish predictions surrounding the highly-anticipated Chang upgrade for Cardano have generated significant excitement within the cryptocurrency community. The upgrade is poised to be a pivotal moment for the network, sparking optimism among supporters. In particular, crypto analyst Alan Santana has put forth a bold prediction regarding a substantial rally in the altcoin’s price, possibly