Cardano

Cardano’s Price Skyrockets 23.9% on Positive XRP Ruling, Investors Bullish on Future Gains

July 16, 2023 2 mins read

Cardano, a leading cryptocurrency, experienced a remarkable price surge, jumping 23.9% on July 13. The significant rally has piqued investor interest, prompting discussions about Cardano’s potential for further gains and whether it can break the $0.40 mark. This surge closely followed a favorable judicial decision related to XRP, which has positively impacted other cryptocurrencies, including Cardano’s ADA. Cardano’s bullish momentum is supported by three key factors. Firstly, its potential to

Cardano Network Activity Signals Potential Breakout as ADA Price Remains Oversold

July 12, 2023 2 mins read

Cardano’s native token, ADA, has faced significant setbacks in recent months due to regulatory scrutiny from the United States Securities and Exchange Commission (SEC). However, the network’s DeFi ecosystem has continued to flourish, providing a glimmer of hope for ADA bulls. Hydra Upgrade Boosts DeFi Activity In May 2023, Cardano launched the Hydra upgrade, a layer-2 scaling solution that has significantly improved the network’s throughput and scalability. This upgrade has

Bullish Confirmation for Cardano (ADA) Amid Market Recovery, Crypto Analyst Predicts

July 6, 2023 2 mins read

In a recent series of tweets, crypto analyst Dan Gambardello shares his optimistic outlook for Cardano (ADA), predicting a potential bullish confirmation in the near future. Gambardello’s technical analysis suggests that ADA’s price could break above a key resistance channel, signaling a positive trend for the altcoin. Gambardello acknowledges the impact of recent SEC lawsuits against major exchanges but emphasizes that ADA has more ground to recover compared to other

Cardano Founder Charles Hoskinson Takes Break from Twitter Amid Rate Limit Controversy

July 2, 2023 1 min read

Cardano founder Charles Hoskinson recently announced on Twitter that he would be stepping back from the social media platform for a brief hiatus. This decision comes in the midst of an ongoing controversy surrounding Twitter’s implementation of reading limits on its users. Twitter, led by CEO Elon Musk, introduced these restrictions as a response to combat “extreme levels” of data scraping and system manipulation. However, the move has faced significant

Charles Hoskinson Defends Cardano Against FUD

June 29, 2023 1 min read

Charles Hoskinson, the founder of Cardano, recently took to Twitter to defend the cryptocurrency against claims questioning its institutional interest and the health of its DeFi sector. Hoskinson emphasized the ecosystem’s significant growth and commitment to decentralization, urging people to focus on the signal amidst the noise. Hoskinson’s response was prompted by a tweet from a Cardano proponent, Chris O, who highlighted claims made on a popular YouTube channel regarding

Cardano Price Projections by Finance Experts for 2023: What to Expect

June 15, 2023 1 min read

Following Robinhood’s announcement of delisting Cardano (ADA), the cryptocurrency experienced a significant crash, alongside other major digital assets. The crypto market has been grappling with regulatory actions and increased volatility, leaving investors uncertain about the future. In this article, leading finance experts provide insights into Cardano’s price trajectory by the end of 2023, considering regulatory developments, ongoing legal proceedings, and technological advancements. Sebastian Purcell, CEO of 1.2 Capital Management Sebastian

Cardano (ADA) Plunges by 25% in 24 Hours as Crypto Market Liquidations Near $450 Million

June 10, 2023 1 min read

The cryptocurrency market is in turmoil, with Cardano (ADA) and other altcoins plummeting in value. ADA has lost over 24% of its value in the past 24 hours, and the broader altcoin market is also trading in the red. The recent lawsuit filed by the SEC against Coinbase and Binance US has sent shockwaves through the cryptocurrency market. The agency alleges that numerous altcoins, including Cardano (ADA), meet the criteria

Cardano Foundation Responds Strongly to SEC’s Classification of ADA as a Security

June 8, 2023 2 mins read

The Cardano Foundation has expressed its disagreement with the SEC’s classification of Cardano (ADA) as a security. The CEO of the Cardano Foundation, Frederik Gregaard, emphasized the need for regulatory clarity and expressed the organization’s commitment to engaging with regulators and policymakers. The SEC’s stance on classifying cryptocurrencies as securities, excluding Bitcoin, has been a contentious issue, as seen in the ongoing legal battle between the SEC and Ripple. Cardano

Charles Hoskinson warns of AI-driven crypto scams

June 5, 2023 2 mins read

Charles Hoskinson, the visionary founder of Cardano (ADA), has issued a stark warning about the potential dangers of artificial intelligence (AI) technology in the realm of cryptocurrency scams. Hoskinson raised concerns about the use of generative AI, which could enable scammers to deceive individuals by impersonating prominent figures and tricking them into parting with their hard-earned cryptocurrencies. Hoskinson’s Warning In a recent tweet, Hoskinson shared a screenshot of an email

Cardano Hits $2.5 Billion in Large ADA Transactions: Is an ADA Price Rally on the Horizon?

June 5, 2023 1 min read

The Cardano network has seen a surge in large transactions in recent days, with over $2.5 billion worth of ADA moved in just 24 hours. This surge, along with a growing TVL in the network’s DeFi sector, suggests that there is growing interest in Cardano’s ecosystem. The surge in large transactions can be attributed to a number of factors, including the launch of the Vasil hard fork, the upcoming Alonzo

Cardano Could Reach $1 as New Protocols, Decentralization Accelerate

June 3, 2023 2 mins read

Cardano, a third-generation cryptocurrency, had an exceptional month in May, cementing its position as a formidable contender in the industry. The network is gaining momentum and poised to challenge its competitors. Cardano’s development team has been tirelessly pushing out new solutions and expanding the network to meet the surging demand and adoption of DeFi protocols. As Cardano continues to gain prominence in the DeFi space, its native token ADA is

Cardano ($ADA) Price Down 80% From ATH, Over 70% of Addresses in Losses

May 31, 2023 1 min read

The price of Cardano (ADA) has been on a downward trend since its all-time high of $3.10 in September 2021. As of May 31, 2023, ADA is trading at around $0.379 per token. This represents a decline of over 70% from its all-time high. Despite the decline in price, the DeFi activity on Cardano’s network has continued to grow. As of May 31, 2023, the total value locked (TVL) in