In a recent interview, Charles Hoskinson, the CEO of IOG, did not hold back in his criticism of Bitcoin and its fervent following. Hoskinson went as far as to compare the Bitcoin community to a religion, stating that the crypto industry has evolved past the need for Bitcoin to survive. Hoskinson pointed out that Bitcoin’s
Cardano
The cryptocurrency market has been relatively stagnant, with a recent increase in market cap following a period of decline. Ethereum (ETH) is currently trading at $2,977.88, reflecting a 2.6% increase over the past 24 hours. Its market cap has also grown by 2.64% to over $357 billion, maintaining its position as the second-largest cryptocurrency. However,
Cardano (ADA) is showing strong potential for an upward movement, according to crypto analyst Javon Marks. Marks highlighted the major progress ADA has made since breaking the resisting trend, noting that the crypto token attempted to move over 200% towards the first target at $2.77709. This recent pullback faced by Cardano could actually strengthen it
The stars appear to be aligning for Cardano (ADA) and its investors, as the cryptocurrency has recently seen a significant reversal along with a surge in trading volume. This positive development coincides with an ultra-bullish forecast made by a prominent crypto analyst. Altcoin Daily, in a recent X post, shared a peak price target of
When it comes to analyzing the Relative Strength Index (RSI) for the top cryptocurrencies in the market, Cardano (ADA) stands out as having the most favorable buying opportunity. The RSI is a technical analysis indicator that helps track the velocity and magnitude of recent price changes in a particular asset. It is used to determine
Recently, a crypto analyst known as ‘More Crypto Online’ has shared his thoughts on the future trajectory of Cardano (ADA). Contrary to the expectations of a rally, he believes that the altcoin is poised for further decline. According to the analyst, Cardano is currently in its 3-wave corrective rally based on the Elliot Wave Theory.
Recently, Cardano founder Charles Hoskinson hinted at the possibility of teaming up with Bitcoin Cash (BCH) to enhance the performance of both cryptocurrencies. In a poll posted by Hoskinson on X, he proposed utilizing technologies like proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo technology to optimize the capabilities of Bitcoin
Cardano (ADA) seems to be experiencing a lackluster price action at the moment, but analyst Ali Martinez has shared his belief that the crypto might be gearing up for a parabolic run. Martinez discussed an intricate price analysis on social media, pointing out that ADA’s current price formation is showing signs of a potential comeback
Crypto prediction website Telegaon has shed some light on the potential future of Cardano (ADA) by suggesting that it could reach $45 in the year 2050. This price target represents a significant 8.900% price gain from its current level, making it an attractive proposition for ADA holders who have been disappointed by the token’s recent
The data from the analytics platform IntoTheBlock shed light on a concerning trend within the Cardano (ADA) network, revealing a significant dip in profitability for its holders. While established cryptocurrencies like Bitcoin and TRX boast a high percentage of holders in profit, Cardano stands out with only 35% of its holders currently seeing gains. This