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TL;DR Transition to HyperLedger Identus: Cardano has shifted from Prism to HyperLedger Identus, an Apache2 open-source framework designed for integrating decentralized identity solutions. Applications and Benefits: Cardano products like Midnight and Lace will leverage HyperLedger Identus for their identity needs, enhancing user privacy and data protection.
Over the past 24 hours, the Cardano price has found its footing with newfound momentum, up 2.27%.
With the altcoins season snapping back and the cryptocurrency market getting ready to accelerate, Cardano is witnessing something interesting. For the last week, as reported by Coinmarketcap, ADA has increased to more than 14%.
Input Output Global (IOG), the driving force behind the Cardano blockchain, has ceased the development of its ambitious Atala Prism project, an initiative that was previously intended to transform educational and identity management systems in Ethiopia.
Cardano (ADA) finds itself under scrutiny, with new data indicating a potential risk of a 30% price decline. According to insights from Santiment, a market intelligence platform, the combination of increasing selling pressure and decreasing demand has led to a bearish outlook for ADA.
Cardano has recently experienced a sharp decline in price, leading to widespread discussions within the cryptocurrency's community. According to recent charts and community posts, there has been a nearly 18% decrease in ADA over the previous three months.
As is now known, the SEC has officially appealed its case against Ripple following a historical ruling on Aug. 7, in which Ripple was ordered to pay a $125 million civil penalty, which was a lot less than the $2 billion the regulator was asking for. The motive is that the district court's decision goes against long-standing Supreme Court precedents and established securities laws.
The long-awaited testnet for Cardano's privacy protocol, Midnight Network, has finally gone live. However, it has failed to reignite interest in the blockchain's native coin, which continues its downward trend.
Cardano price breakout was cut short after the general market took a nosedive due to the Iran-Israel war escalation. In the meantime, Cardano has surpassed Solana (SOL) in terms of keyword search volume on YouTube, despite the latter seemingly being the most popular of the two.
Cardano price started a fresh decline from the $0.3850 resistance. ADA is consolidating above $0.3350 and might attempt a recovery wave.
A crypto that drops like Cardano? It's not the end of the world, just 11% in 48 hours.
Cardano approaches a milestone moment, the crypto community is buzzing with anticipation over the unlocking of 18.53 million ADA tokens on October 2, 2024. This release, representing 0.5% of the total ADA supply, coincides with the network's seventh anniversary and its approach to an impressive 100 million transactions.
Bitcoin's price is currently retesting its "Bull Market Support Band" trend indicator, where prices often rebounded from pullbacks during uptrends.
Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.
Cardano (ADA) is under significant selling pressure, trading down by 6.46% at $0.3498, with investors hoping for a recovery above $0.37, bringing a large number of investors back into profitability.
Charles Hoskinson, co-founder of Ethereum and founder of Cardano, was recently awarded in the city of Zug, Switzerland, for his pioneering contribution to the creation of the Crypto Valley and for the transformative impact he has had on the city and the global economy.
The short-term market sentiment was bearish, but there is a chance for recovery.
Cardano (ADA) completed its first green September in six years as the coin enjoyed a price gain of almost 8%. This is significant as the crypto could enjoy an extended rally in October, leading to more price gains for Cardano.
Input Output, a blockchain research and development company, announced that co-founder and CEO Charles Hoskinson received an award at the ETH10X event in Zug, Switzerland.
Cardano founder and Input Output CEO, Charles Hoskinson, received an award in Switzerland for his role in Ethereum Foundation's creation of Crypto Valley.
Cardano's (ADA) price recently experienced a significant drop, failing for the second time in a month to close above the $0.40 level. The altcoin's price fell by 11% within 48 hours, bringing it down to around $0.35.
Santiment's on-chain data reveals that Cardano's $ADA could potentially drop 30%. According to data retrieved from the market intelligence platform, $ADA's poor performances in DDA divergence (-43.3%), network activity, and buying pressure indicated declining demand, thus an imminent sharp price drop.
Cardano is preparing to release 18.53 million ADA tokens in early October, marking 0.5% of its total supply.
Cardano has seen a strong 26% surge following the Federal Reserve's interest rate cuts announcement two weeks ago, boosting optimism across the crypto market. Analysts and investors are questioning the sustainability of the recent surge.
