Cardano ready for Chang hard fork after latest validator node release
The first phase of the Chang era is the beginning of the network's transition to decentralized governance.
Keep up with what's happening in the crypto world in real-time.
The first phase of the Chang era is the beginning of the network's transition to decentralized governance.
Things have not been quite rosy for Cardano (ADA), as bears continue to bite, diminishing trader sentiment.
Odds of a big rally for Ethereum (ETH) rival Cardano (ADA) and two other altcoin projects are rapidly increasing, according to the crypto analytics firm Santiment. Santiment reports that ADA, fan engagement token Chiliz (CHZ) and ETH rival Fantom (FTM) are facing negative funding rates, setting the stage for short squeezes.
Cardano has reached a significant milestone with the release of a major node update. This milestone comes as the Cardano network gears up for the highly anticipated Chang upgrade.
The cryptocurrency world is buzzing with speculation about the next potential crypto ETF, with Cardano's ADA at the center of the conversation. Following the successful launch of Ethereum's spot ETF, the spotlight has shifted towards ADA.
It is important for altcoin investors to consider which cryptocurrencies traders are heavily shorting. This is particularly valid when large exchange funding rates fall below zero.
After the success of Bitcoin and Ethereum ETFs, attention is now turning to Cardano (ADA), with rumors about a possible Cardano ETF gaining traction. Recently, Cardano Founder Charles Hoskinson sparked optimism with a tweet suggesting that a Cardano ETF might be on the horizon.
The cryptocurrency market has seen a recent downturn, with Cardano (ADA) experiencing a notable decline, dropping below the $0.4233 mark. This drop can be attributed to the recent shift in market sentiment towards a bearish outlook.
The Cardano price forecast reveals that the asset has been trending downward despite numerous updates from the team. The upcoming Chang hard fork was speculated to push the ADA price upward, but general market conditions may have thwarted that plan.
Following the Ethereum ETF launch, there are growing speculations of more crypto ETFs as the spot crypto ETF race intensifies. After Ethereum's spot ETF recently started to trade, the focus has now shifted to ADA. The Cardano founder recently responded to a question from Tap Tools on the X platform.
A recent event in the Cardano ecosystem has captured the imagination of the crypto community. An anonymous Cardano user has managed to convert a modest 0.5 ADA into an astonishing 25,000 ADA.
Cardano price started a fresh decline below the $0.4120 support. Ethereum's decline seems to be dragging ADA lower toward the $0.380 support.
Cardano (ADA) is attracting attention as analysts predict a significant price surge in the near future. Recent technical analyses suggest that Cardano could reach a price range of $5 to $15, driven by two key patterns: a multi-year bullish pennant and a falling wedge.
As Bitcoin (BTC) continues to capture headlines with ambitious predictions, the broader cryptocurrency market is abuzz with speculation on how these forecasts might impact other digital assets. Robert Kiyosaki, the author of “Rich Dad, Poor Dad,” has recently stirred the pot with his bold forecast that Bitcoin could rise to $350,000 by August 2024.
Cardano (ADA) is gearing up for a major upgrade. As the smart contract blockchain prepares for the event, some ADA holders are taking drastic measures that could impact the cryptocurrency's price.
Bitcoin bulls are trying to protect the $65,500 level, but if they fail, a drop to $62,000 is possible.
Charles Hoskinson, the founder of Cardano (ADA), has expressed his belief that Cardano could surpass Bitcoin to become the leading cryptocurrency.
Cardano (ADA), the native cryptocurrency of the Cardano ecosystem, has shown resilience in the recent market recovery. After hitting a low of $0.32 on July 5, ADA rebounded to $0.45 by July 16 and has since been trading steadily around $0.42.
Crypto exchange OKX has revealed plans to delist trading pairs for several crypto tokens, including Cardano (ADA), Shiba Inu (SHIB), and XRP. This follows a performance check by the crypto exchange, which shows that these trading pairs aren't meeting up to expectations.
As Cardano approaches the highly anticipated Chang upgrade, its native cryptocurrency ADA is experiencing notable market movements and heightened investor interest. The Chang update marks the beginning of the Voltaire era, which promises to introduce decentralized governance mechanisms, setting the stage for Cardano's next phase of growth.
Cardano is a fully open-source decentralized public blockchain crypto project for Ada cryptocurrency. Consensus mechanism- Blockchain consensus mechanism - Proof of Stake (POS) algorithm called Ouroboros which is extremely cost-effective compared to mining.
Recent technical analysis of Cardano indicates a favorable outlook for bullish investors. After trading within a falling wedge pattern, ADA experienced a bullish breakout, potentially paving the way for a substantial 70% rally.
The $0.450 has proven elusive for ADA price since early June, and the latest rejection at that mark may have ignited further losses.
TL;DR Growing Adoption and Project Development: Cardano (ADA) boasts over 1,300 projects and has processed more than 94 million transactions. Despite a recent decline in TVL to $239 million from a peak of nearly $500 million earlier this year, Cardano's ecosystem remains robust.
