The recent data from Cardano’s weekly development report indicates that the network has processed a total of 88.6 million transactions to date. This milestone is significant as it demonstrates the sustained network activity that could potentially have a positive impact on ADA’s price. One of the criticisms Cardano has faced in the past is being
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Cardano (ADA) has once again captured the attention of cryptocurrency analysts, with a particular focus on its future trajectory. In a recent analysis, crypto analyst Alan Santana has presented a bearish narrative for the crypto token, suggesting that ADA’s price could potentially experience a significant drop. Santana pointed out that ADA’s recent breakout below the
Cardano (ADA), the proof-of-stake blockchain platform, has been making significant strides in various technological advancements. According to Input Output Hong Kong (IOHK), the engineering firm behind the Cardano blockchain, the platform has seen improvements across different areas. One notable improvement is attributed to the ledger team, which has enhanced test frameworks and data quality in
The recent drop in the Cardano (ADA) price below the $0.7 level has left many investors puzzled. However, a closer look at the market dynamics reveals a plausible explanation for this downward trend. Data from the crypto analytics platform Santiment indicates that whale transactions ($100,000 and above) on the ADA network reduced significantly after reaching
Ever since March 20, Cardano’s price has been relatively stagnant, ranging from $0.61 to $0.64. This lack of movement is in stark contrast to other cryptocurrencies such as Solana (SOL) and Avalanche (AVAX), which have experienced significant price gains. The on-chain data trends point towards a bearish catalyst behind Cardano’s underperformance in the market. One
In the ever-volatile world of cryptocurrency, recent market trends have shown a bearish sentiment affecting various digital assets, including Cardano (ADA). As one of the top ten cryptocurrencies based on market capitalization, ADA has experienced a retracement of nearly 20% in the past week after reaching a 22-month high of $0.810 on March 14. The
Charles Hoskinson recently addressed the fear, uncertainty, and doubt surrounding Hydra, a layer-two scaling solution for the Cardano blockchain. It was rumored that Hydra had been abandoned, but Hoskinson made it clear that the project is still very much active and productive. This is an important clarification to ensure that the community understands the ongoing
Cardano, despite its lagging price action, has recently experienced a surge in active addresses on its network. The monthly active count reached its highest level in over a year, with data from Danogo showing a significant increase in active addresses. This surge in activity signals major network adoption and hints at potential positive developments for
The recent surge in Cardano (ADA) has caught the attention of many investors in the cryptocurrency space. Breaking above a crucial resistance level, Cardano (ADA) is now in focus for its potential gains in the market. The increased interest in meme coins and the overall market dynamics have played a significant role in driving momentum
In the wake of a significant drop in the value of Cardano (ADA) following Bitcoin’s retreat from its recent all-time high, crypto analyst Dan Gambardello has offered insights into what this pullback could mean for the broader bull market. Gambardello views this development in a positive light, drawing parallels to historical patterns that suggest a