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Charles Hoskinson, the founder of Cardano (ADA), has made a bold statement amid a dramatic downturn in the cryptocurrency market. As the global crypto market cap plummets by $300 billion, Hoskinson is optimistic about the survival prospects of cryptocurrencies he deems genuine.
With the rising FUD for a global recession around the world, the cross-border markets have experienced a significant correction in their respective portfolios. Moreover, market leader Bitcoin price has recorded a 24-hour low of $49,121.29. Following this, top altcoins have recorded a similar price action and have plunged below their important support levels.
Cardano has been among the major coins that suffered miserably in the chaotic crypto market today: the token lost 30% in value in the last week. The broader market's slip and crash are to be blamed for the token's poor performance.
Cardano price plunged over 10% during Monday's trading, teasing a bearish breakdown below the psychological $0.3 level. The intensified selling pressure, spurred by a 12% drop in the Japan index and growing recession fears, contributed to a bloodbath in the crypto market.
Global equity markets witnessed a massive sell-off, pulling Bitcoin and several major cryptocurrencies to unexpected lows.
Cardano has plummeted by 16% in the past 24 hours, with the ADA price dropping to $0.3005 on a day when the crypto market as a whole loses 15%.
The Cardano Foundation has recently shared statistics for the Cardano network for July, revealing growth in on-chain activity.
The new week has started with a massive market dump, according to CoinMarketCap.
Check out what chunk of ADA investors is currently underwater.
TL;DR Market Turmoil and Real Cryptocurrencies: Cardano founder Charles Hoskinson warns that amidst the 16% drop in the global crypto market cap to $1.8 trillion, only “real cryptocurrencies” with integrity and utility will survive. Integrity and Utility in Cryptocurrencies: Hoskinson emphasizes that cryptocurrencies are the solution.
The hope of a potential bull market has been dealt a huge blow following a wider market downturn, which saw altcoins, including Cardano (ADA), hit low prices they hadn't reached in almost a year.
Cardano founder Charles Hoskinson believes that only the “real cryptocurrencies” with integrity and utility will weather the ongoing market storm.
Cardano may be down 34% for the year, but there's still time to turn things around.
Cardano (ADA) has recently demonstrated a period of relative weakness, but the cryptocurrency is now experiencing a resurgence of optimism. As of August 1, 2024, ADA faced a minor dip, dipping below its recent resistance level of $0.46.
The crypto market sell-off deepened over the weekend with major crypto assets extending their weekly losses.
Wondering if Cardano's ADA price might tumble to zero? In our latest analysis, we break down the factors influencing ADA's future.
The rates of most cryptocurrencies keep going down, according to CoinStats.
The general slump in cryptocurrency prices has traders on edge. Top altcoins like ADA remain significantly suppressed with little chance of an immediate recovery.
As the cryptocurrency market grapples with its latest downturn, Cardano (ADA) has not been spared, continuing its decline into August.
Cardano needs to check a few boxes to initiate its own bull run.
Charles Hoskinson, the founder of Cardano, has teased the imminent release of Hydra, a Layer 2 scaling solution via X.
The price of Cardano (ADA) has fallen below the moving average lines again after rejecting the high at $0.456. Price analysis by Coinidol.com.
Cardano (ADA) continued to exhibit relative weakness on August 1, with the 10th largest cryptocurrency by market cap experiencing a minor dip in the past 24 hours.
Cardano (ADA) is undergoing significant developments that could potentially drive its price higher in the coming months.
