In the midst of a downward spiral in the overall crypto market, Cardano (ADA) has managed to stand out with its resilience and growing user engagement. While the global crypto market cap took a hit in July, Cardano has shown an increase in on-chain activity, according to data provided by the Cardano foundation. This indicates
Cardano
The cryptocurrency market has been witnessing a significant development in terms of large transaction volume, particularly with Cardano (ADA) competing with Ethereum in this aspect. Data from market intelligence platforms like IntoTheBlock and Santiment confirms that Cardano has been experiencing a surge in large transaction volume, indicating a wave of accumulation among the token’s large
Cardano (ADA) has been facing a downward trend, but there is a glimmer of hope with the potential formation of an inverted hammer on the weekly chart. This pattern suggests a possible trend reversal from bearish to bullish, indicating potential buying pressure. However, confirmation is necessary with a subsequent bullish candle. ADA’s technical analysis shows
In recent weeks, Cardano (ADA) has experienced a significant increase in Exchange Traded Product (ETP) inflows, amounting to an impressive 300%. This unexpected surge in capital from institutional investors has sparked speculation about a potential uptrend in the market, particularly in light of the upcoming Chang hard fork. CoinShares, a prominent firm in the crypto
The U.S. Securities and Exchange Commission has decided to put a hold on its claims that Solana (SOL), Cardano (ADA), and Polygon (MATIC) are unregistered securities in its current legal battle against Binance. This development comes after the SEC filed a joint status report in the U.S. District Court for the District of Columbia, signaling
Cardano is currently in a critical phase with the impending Chang hard fork, marking a significant milestone for the network. The recent upgrade of its node validation software has set the stage for this major update, which is expected to have a significant impact on the Cardano ecosystem. As the network prepares for this transition,
Cardano (ADA) has been on a downward trend over the past seven days, with the price dipping below the $0.41 mark. This decline is part of a broader trend seen in many altcoins, which have reacted negatively to Ethereum’s recent drop. This correction comes after a bullish run earlier in the month, where ADA holders
In the rapidly evolving world of cryptocurrency and blockchain technology, Dalmas Ngetich stands out as a seasoned reporter with a distinct viewpoint. His expertise in NFTs, blockchain, DeFi, and crypto news has been honed through years of experience in journalism, coupled with a background in mechanical engineering. With over a decade of work in the
The crypto market has been on a road to recovery, but the sad truth remains that a significant number of Cardano holders are still facing losses. This fact has sparked various speculations as to why Cardano, also known as ADA, is the worst performer in terms of profitability among the top 10 largest cryptocurrencies by
Dalmas Ngetich is a seasoned crypto reporter who brings a unique perspective to the industry. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles in the past eight years. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC reflects