Wanchain Debuts New Bridge to Connect Polkadot and Cardano Blockchains
Wanchain has come up with a pioneering functional solution, aiming for a more interconnected and versatile blockchain landscape.
Keep up with what's happening in the crypto world in real-time.
Wanchain has come up with a pioneering functional solution, aiming for a more interconnected and versatile blockchain landscape.
The trading volume of perpetual futures on the popular cryptocurrency Cardano (ADA) has increased by more than 62% over the past 24 hours, according to CoinGlass. As the statistics show, the turnover of ADA futures trading over the past day has reached $300 million across all major platforms.
Cardano Foundation revealed that only three governance action types will be available during this bootstrapping phase, including “parameter changes, hard fork initiations, and info action”.
Cardano (ADA) is currently experiencing a downward trend, with its price approaching the crucial support level of $0.3389. The cryptocurrency market has been under significant bearish pressure, and ADA is no exception.
In recent days, Cardano experienced a recovery attempt similar to Bitcoin and Ethereum, pushing above the $0.3650 zone. However, the momentum was short-lived as ADA failed to break the $0.40 resistance.
Altcoins are striving to recover losses and maintain their position as investors assess the current state of the market. Cardano's ADA, currently ranked 10th, has declined by 2% in the past 24 hours and 3% over the last seven days.
The Cardano Foundation is gearing up for a new governance model ahead of the Chang hard fork upgrade, aimed at decentralizing control. To make the process fair they've officially introduced the Interim Constitutional Committee (ICC), which includes members like the Cardano Atlantic Council and others.
The Cardano Foundation has unveiled a detailed governance plan ahead of the Chang hard fork, designed to make the blockchain fully decentralized. The new Interim Constitutional Committee (ICC) will handle vital roles during the transformative upgrade, monitoring vital governance decisions and actions.
Cardano developers are implementing a node upgrade to enhance network security following a failed DDoS attack that attempted to manipulate transaction fees and steal staked tokens.
Bitcoin fell below $60,000 on June 24 for a few hours before promptly recovering above the key support level. However, many top altcoins have outperformed BTC over the past week, rising nearly 10% against it at one point.
Three of the crypto that are attracting the attention of investors are Tron (TRX), Shiba Inu (SHIB), and Cardano (ADA).
Last month's general market decline has impacted Cardano's (ADA) price. It trades at $0.37, having witnessed an 18% price decline in the past 30 days.
Cardano Foundation has unveiled its new governance role as Cardano to become more decentralized following the Chang hard fork, a major upgrade to the Cardano blockchain. The proposed governance model will foster a robust and transparent governance framework, ensuring the long-term success and integrity of the Cardano ecosystem.
Cardano price failed to surpass $0.40 and started another decline. ADA is now trading below $0.3850 and might extend losses in the near term.
XRP has failed; the reversal attempt began back on June 24. The asset has been gradually gaining some strength on the market but has failed to get past the 26 EMA, which shows that the current movement has no momentum nor strength behind it.
The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, the mechanisms and decentralized structure of Cardano effectively mitigated the attack, ensuring uninterrupted stability and operation.
How quickly can popular alts Shiba Inu, Cardano & Solana recover from the recent double-digit market dip?
Cardano, currently the tenth largest cryptocurrency by market capitalization, has faced significant declines over recent months, leaving many investors disheartened. Despite its strong technological foundation and vibrant community, ADA's price has struggled, trading at $0.3899—a far cry from its all-time high of $3.10 three years ago.
Polkadot community members are debating the feasibility of a bridge that would link the network to Cardano. Felix, an agent from the Unifires ecosystem, shared on the Polkadot Forum that efforts are underway to develop a Cardano-Polkadot light client and NFT swap bridge.
The development activity on Cardano saw a slight spike recently as an attempted hack on the network was curbed.
Surprisingly for some, two top altcoins – Render (RNDR) and Cardano (ADA) are currently experiencing a bullish market trend, even when the overall market conditions are mostly bearish. Raboo (RABT), the new presale coin has also made an entrance to the market, showing great potential.
Bitcoin is likely to extend its stay inside the range as traders buy the dips under $60,000.
Cardano thwarts spam attack, proving its mettle but devs still gear up to bolster network defenses.
Following a failed DDoS attack on the Cardano blockchain on June 25, developers are set to release a node upgrade to enhance security and prevent similar future attacks.
