Cardano's network activity soars post-upgrade: Will prices follow?
Cardano's active addresses hit a five-month high, signaling renewed interest after its latest network upgrade.
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Cardano's active addresses hit a five-month high, signaling renewed interest after its latest network upgrade.
Charles Hoskinson has outlined the next steps for Cardano (ADA) following the successful implementation of the Chang hard fork last weekend.
Quant (QNT) token rose for the second consecutive day, reaching a high of $70, its highest swing since Aug. 26. It rose by over 23% from its lowest point last week but remains 54% below its highest point this year.
Cardano founder Charles Hoskinson has recently unveiled a blueprint to significantly enhance the scalability of the Cardano blockchain.
Cardano price is up 3.5% during the Sunday market uptick to trade at $0.336 while boosting a market cap of $12.7 Billion. A tall green candle reflects renewed buying pressure for ADA holders, but the sustainability of Bitcoin's price below $55000 could prolong the correction for the altcoin market.
Cardano (ADA) has been catching the attention of the crypto community lately, but not just for its recent price uptick. A bold prediction from well-known crypto analyst Dan Gambardello has raised eyebrows, suggesting that Cardano could skyrocket by a jaw-dropping 1,000% against Bitcoin.
According to data provided by cryptocurrency analytics platform Santiment, Cardano is currently experiencing “historically high” address activity spikes.
Cardano achieved its highest daily trading volume ever, exceeding 36,000 ADA, following the launch of Snek Fun on September 5.
Cardano's (ADA) ambitious quest to reach the $1 mark seems increasingly uncertain as the cryptocurrency experiences a significant downturn. With the ADA coin price falling by over 60% from its yearly high, the anticipation surrounding the upcoming Chang Hard Fork update has yet to boost the token's value.
Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a week of intense fear and uncertainty in the market. However, on-chain data from IntoTheBlock suggests that some investors see this as a potential buying opportunity, anticipating a market recovery in the near future.
Cardano (ADA) continues to generate attention within the cryptocurrency community, especially after a recent chart comparing its performance against 18 of the top crypto assets was shared by Cardano Whale, a prominent figure in the Cardano ecosystem. The data, covering September 2023 to September 2024, highlights Cardano's ability to outperform many of its peers during bullish phases, despite the coin's current underperformance.
Whales holdings could dictate where ADA's price moves next on the charts.
Cardano founder Charles Hoskinson has lauded Snek.Fun, a meme coin launchpad, for increasing the network's activity.
Cardano (ADA) continues to hover around the $0.30 and $0.35 mark as the token struggled to breach crucial resistance levels for the last few days. This decline could be attributed to the selling pressure the cryptocurrency experienced lately.
The correction continues on the cryptocurrency market on the weekend, according to CoinMarketCap.
In the volatile world of cryptocurrency, where relevance anchors on performance, there has been a notable shift across the board within the last 24 hours. Cardano (ADA), the open-source and decentralized blockchain platform, has been pushed out of the elite top 10-ranked cryptocurrencies.
Cardano (ADA) has garnered much interest since the Chang hard fork upgrade. Despite the bearish sentiment that has engulfed the broader cryptocurrency market since September, ADA appears ready to extend its gains.
Cardano (ADA) has undergone significant developments recently, especially with the successful implementation of the Chang Hard Fork, marking the beginning of the Conway Era. This major upgrade has introduced new decentralized governance models to the blockchain, allowing ADA holders to directly vote on decisions that impact the network.
Cardano (ADA) has set a new record in daily trades, amounting to over 36K.
The price of Cardano (ADA) could be gearing up for a substantial price rally to new highs as a crypto analyst has identified an “insane bullish divergence” in the ADA/BTC price chart. This unique technical pattern has sparked expectations of a potential 10X rally in ADA's price.
Cardano nears key support as whale activity and active addresses surge
Cardano's development team, Input Output (IOHK), and decentralized network Hedera have become founding members of the Decentralized Recovery Alliance (DeRec Alliance).
The native token of the Cardano blockchain, ADA, has lost around 12% of its value over the past week amid a wider cryptocurrency market decline that saw Bitcoin ($BTC) plunged to around $54,000 after losing 8% of its value over the same period.
ADA holders have been anxiously awaiting clarity on how the changes will impact their staking rewards. Charles Hoskinson, the founder of Cardano, has stepped in to dispel fears, confirming that ADA holders who choose not to participate in the new governance mechanisms will not lose their staking rewards.
