Browsing:ADA

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities
8 hours ago 1 min read

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities

Cardano (ADA) Network has unveiled its Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation. The team said that the engine enhances performance and functionality on Cardano’s PoS network. This in fact enhances smart contract capabilities and driving interest among developers seeking advanced blockchain solutions. Furthermore, it is noted that it offers enhanced cryptographic capabilities, including optimal algorithm usage, Ethereum porting ability, and sidechain bridging. Besides, the introduction of Sum of Products (SOPs) optimizes script size and boosts smart contract execution speed on Cardano. Cardano founder Charles Hoskinson expresses his optimism about the significant steps Plutus

Cardano (ADA) has seen a significant increase in new wallets addresses
2 days ago 1 min read

Cardano (ADA) sees a substantial increase in the creation of new wallet addresses

Cardano (ADA) has seen a significant increase in new wallets addresses, with the number of new ADA wallets per day rising from 1,700 on February 22 to over 3,210 by February 24. This comes as a result of increasing confidence and interest in Cardano’s potential. However, the daily creation of new wallets still falls short of the peak of around 5,410 on February 2, when the network experienced a record 5,410 new wallets in a day. Despite this, the number of ADA wallets is about to reach 5 million, with the number of delegated wallets surpassing 1.3 million. This growth

This surge in ADA has resulted in an impressive $13 billion in large transactions
1 month ago 1 min read

The Cardano network witnesses over $10 billion in large transactions

The Cardano network is seeing a significant increase in activity as ADA whales, prominent holders of Cardano’s native crypto, conduct large transactions. This surge has resulted in over $10 billion in large transactions, far exceeding Ethereum’s seven-day average of $5 billion for transactions of comparable size. The recent increase in Cardano whale activity is notable, particularly when compared to Ethereum, a major player in the cryptocurrency market. The $13 billion increase in large transactions on the Cardano network suggests a significant shift in behavior among key investors in the ADA ecosystem. Ethereum’s seven-day average for transactions of comparable size is

Traders Suffer $190M in 48 Hours Amid Fake SEC Tweet and Market Volatility
2 months ago 1 min read

Bitcoin Traders Lose Over $180 Million in 48 Hours Amid Price Fluctuations and Fake SEC Tweet

While the crypto community awaits the decision on a Bitcoin Spot ETF, Bitcoin traders are caught in a whirlwind of uncertainty, resulting in losses exceeding $180 million in a matter of 48 hours. This wild ride is characterized by rapid price fluctuations and the impact of a deceptive tweet, shedding light on the market’s susceptibility to manipulation. On December 9th, a phony tweet from the SEC’s X account announced the approval of a Bitcoin ETF. This misinformation set off a chain reaction that caused Bitcoin prices to wildly fluctuate, resulting in around $90 million in trading losses. This incident highlights

Charles Hoskinson Stands Ground on XRP Critique Amid Backlash, Questions Bitcoin's Necessity
2 months ago 1 min read

The founder of Cardano Remains Firm on XRP Criticism Despite Backlash

Charles Hoskinson, the founder of Cardano, has upheld his critical stance on XRP, asserting that XRP lacks both partnership and technical value. This reaffirmation comes a year after his initial comments and follows persistent harassment from the XRP community spanning two years. When questioned about his viewpoint on XRP, Hoskinson highlighted the ongoing harassment and underscored the absence of technical parallels between Cardano and XRP as the basis for his assertions. According to Hoskinson, the objectives of the company behind XRP differ significantly and do not align with the technological goals of platforms like Cardano or Ethereum. After receiving a

Cardano's Charles Hoskinson Sounds Alarm on AI Scams Flooding YouTube
2 months ago 1 min read

Cardano’s Charles Hoskinson Sounds Alarm on AI Scams Flooding YouTube

Charles Hoskinson, the founder of Cardano, raised a red flag in a recent X (formerly Twitter) post about the increasing prevalence of AI-driven scams on YouTube. As artificial intelligence technology advances, Hoskinson sees a new frontier for fraudulent activities in the crypto space. He specifically pointed to a deep fake video on YouTube featuring himself promoting a fabricated ADA giveaway. Despite its initially convincing appearance, closer examination revealed the video to be fraudulent. Hoskinson warned that within a year or two, these deep fake videos could reach a level of realism that makes distinguishing them from authentic content difficult. Hoskinson

Cardano's ADA Surges Over $1 Billion in 24-Hour Rally
3 months ago 1 min read

Cardano’s market cap increases by over $1 billion in 24 hours, reaching $15.5 billion

Cardano’s native crypto, ADA, experienced a spectacular surge, with its market cap increasing by more than $1 billion in just 24 hours. The latest buying frenzy has propelled ADA to the eighth-largest cryptocurrency by valuation, cementing its position as a key player in the digital asset space. According to the most recent data, ADA’s overall market cap has risen to an impressive $15.5 billion, indicating a significant influx of capital into the crypto. This increase in market capitalization places ADA among the top cryptocurrencies, demonstrating its resilience and appeal to investors. ADA’s price rose from intraday lows of $0.412 to

ADA has increased by 23.8% in the last month
3 months ago 1 min read

On-chain data reveals a significant increase in large Cardano (ADA) transactions

According to a recent on-chain data analysis conducted by renowned crypto analyst Ali, there has been a significant increase in large transactions on the Cardano blockchain over the last three months. This surge in whale activity suggests an increase in institutional interest, which could pave the way for Cardano to reach new price levels. Ali’s analysis of transaction data reveals a consistent increase in ADA transfers exceeding $100,000 since August. These transactions, which are frequently associated with crypto “whales” holding large amounts of an asset, are regarded as precursors to potential price rallies. Whales wield significant power over market sentiment

Crypto Whales Flock to InQubeta (QUBE), Celestia (TIA), Solana (SOL), and Cardano (ADA) for Big Investments
3 months ago 1 min read

InQubeta (QUBE), Celestia (TIA), Solana (SOL), and Cardano (ADA) Emerge as Whales’ Favorites in Crypto Investments

According to recent on-chain data, large-scale investors, known as “whales,” are actively engaging with promising crypto projects. Notable projects attracting attention include InQubeta (QUBE), Celestia (TIA), Solana (SOL), and Cardano (ADA), all of which present appealing options for long-term gains. QUBE (InQubeta): InQubeta stands out for its innovative approach to facilitating financial access for AI startups in the cryptocurrency space. InQubeta has captured whale interest, as evidenced by the success of its ongoing QUBE presale, which has raised over $5.3 million. The project’s NFT marketplace, which facilitates equity-based NFTs for AI startups, adds to its appeal, as do opportunities for

GameStop Memes Surges Past Cardano and Polygon in Crypto Race
3 months ago 4 mins read

GameStop Memes Surges Past Cardano and Polygon in Crypto Race

GameStop Memes (GSM) emerges as a sensational disruptor, redefining the essence of digital assets. This intriguing newcomer has taken the market by storm, raising an eye-popping $2 million in a mere 24 hours of its presale, a feat that sets it apart from established giants like Cardano and Polygon. As we delve into this fascinating crypto landscape, GameStop Memes (GSM) stands as a beacon of potential, promising not just gains but a revolution in how we perceive and engage with meme coins. In this article, we’ll explore the unique allure of GSM and how it contrasts with the steady, yet

Cardano has seen over $600 million worth of ADA accumulated within the price range of $0.249 to $0.271
4 months ago 1 min read

Cardano has seen over $600 million worth of ADA accumulated within the price range of $0.249 to $0.271

Cardano (ADA) may not be making big price moves, but it’s certainly making waves in the world of cryptocurrency. Recent data from analytics provider IntoTheBlock reveals that over $600 million worth of ADA has been accumulated in the $0.249 to $0.271 price range. This substantial investment activity suggests that major investors are quietly positioning themselves, expecting a potential breakout. Over the past month, the number of addresses holding between 100,000 and 1 million ADA has grown by 0.87%. More notably, wallets containing over $10 million worth of ADA have surged by an impressive 138.89%. This surge in investment activity from

Cardano's ADA Slides 6% Despite Efforts to Maintain Uptrend
5 months ago 1 min read

Cardano’s ADA Loses Ground, Drops 6% Despite Attempted Uptick

Cardano, the blockchain platform known for its ADA cryptocurrency, has been on a rollercoaster ride lately. It started October with a bang, surging 10% from its low point of $0.24, which had acted as a solid support level for a while. This upward move brought a sense of hope and optimism among ADA holders, who were eagerly eyeing the $0.3 mark. However, Cardano’s recent price action tells a different story. Despite its initial surge, Cardano has struggled to maintain its bullish momentum. The excitement surrounding the cryptocurrency quickly fizzled out as it retraced most of its gains. As of the