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
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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
In the last seven days, Cardano (ADA) has seen a significant price gain of over 14%, making it one of the leading gainers in the crypto market. However, on-chain data indicates that investors may react differently to this surge. While over an additional 12% of Cardano’s supply is now in profits, some investors may feel
Ronaldo, a seasoned crypto enthusiast, has dedicated over five years to immersing himself in the world of cryptocurrencies. His journey began with a spark of curiosity that transformed into a deep passion for understanding the intricacies of this revolutionary technology. With unwavering dedication and tireless exploration, Ronaldo has delved into the depths of the crypto
In a market where cryptocurrencies are experiencing a resurgence, Cardano (ADA) stands out for its recent uptick in bullish sentiments. Despite its comparative underperformance, Cardano’s weighted sentiment score of 1.69 has surpassed major assets like Bitcoin (BTC) and Ethereum (ETH). This surge in positive sentiment comes at a time when ADA is grappling with a
In a surprising turn of events, Cardano (ADA) has recently been dethroned from its position in the top 10 cryptocurrencies by market capitalization. This unexpected shift in rankings has occurred as Tron (TRX) has surged ahead to claim its spot among the elite cryptocurrencies. Cardano’s fall from grace can be attributed to significant price declines