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This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum lost its bullish momentum this week and closed it with a 4.4% loss.
More than 60% of all ADA investors currently hold it at a loss.
The cryptocurrency market is currently under selling pressure, and Cardano, the 10th-largest cryptocurrency, is no exception. At the time of writing, ADA was down 2.38% in the previous 24 hours to $0.411.
These projects have many problems, like inflation, tokenomics, and a lack of development that make them some of the top cryptos to sell.
Crypto analyst Sebastian has outlined why he believes Cardano (ADA) could rise to as high as $3 this year. The developments the analyst highlighted undoubtedly paint a bullish picture for the crypto token.
Chances of a Cardano breakthrough appear slim despite the network gearing up for its final evolution.
In the latest podcast, Cardano inventor Mr. Hoskinson conveyed that Elon Musk must be holding 20% of Dogecoin's supply.
Cardano (ADA) is set to hand over control of its $681.9 million treasury to its community, marking a significant step towards full decentralization.
The Cardano community is set to take control of a $681 million treasury, making it one of the largest in the cryptocurrency market.
Despite several key events taking place in the crypto space, including SEC green lighting spot Ethereum ETFs and PayPal USD expanding to the Solana blockchain, Cardano (ADA) and Shiba Inu (SHIB) market sentiment hasn't been entirely euphoric. The two altcoins have nosedived along with the wider crypto market. Meanwhile, ICOs are quickly becoming go-to investments.
Bitcoin and several altcoins are getting sold into rallies, increasing the risk of a downside breakdown.
In a recent X post, Charles Hoskinson shared important updates regarding the Cardano blockchain. Particularly, the founder of Cardano stated that this month will see the release of a new node, a crucial step toward the next major hard fork, named Chang.
Cardano (ADA) is currently grappling with significant selling pressure, causing concern among investors and traders. Over the last 24 hours, ADA has dropped 3.19%, bringing its price down to $0.4232.
Sellers keep their pressure as the prices of most of the coins are falling, according to CoinMarketCap.
The Cardano (ADA) community is at the verge of inheriting a treasury with ADA tokens worth approximately $681 million. Cardano Community to Benefit from Chang Hardfork Cardano boasts of having the 8th largest treasury in the broader cryptocurrency industry after the likes of Uniswap, Arbitrum, and Ethereum.
As times have been rough for the price of Cardano (ADA), which is recording losses on all of its observed charts, a popular artificial intelligence (AI) model has provided insights that reveal when the currently 10th-largest cryptocurrency by market capitalization could hit $1.
Blockchain needs more non-speculative use cases to onboard the next billion mainstream users.
While Cardano (ADA) holders anticipate a price bounce in the short term, on-chain analysis proves it may take some time.
Blockchain services provider STORM Partners made a major announcement during the Web3Fest, along with Cardano (ADA), MultiversX, and other major projects in the crypto space. During the event in Switzerland's “Crypto Valley,” the company unveiled “Lightningbox,” a new Web3 Sandbox, and relocated its headquarters from Montreux to Geneva.
The price of Cardano (ADA) is declining in a sideways pattern. Price analysis by Coinidol.com.
In a recent episode of the Thinking Crypto podcast, Charles Hoskinson, founder of Cardano, addressed the swirling rumors about a potential partnership with tech mogul Elon Musk. During the podcast, hosted by Tony Edwards, Hoskinson discussed various outreach efforts made to Musk's companies, including offers of free work to combat bot issues on the platform formerly known as Twitter, now X.
Charles Hoskinson recently appeared on Thinking Crypto's latest podcast. The founder said that Cardano is on the brink of its biggest governance upgrade ever, which he believes will be a game-changer not just for the project but possibly for the entire industry.
Over 50% of ADA's current holders do so below their cost basis.
Charles Hoskinson, the founder of Cardano, explained the plans for the Cardano blockchain governance. He pointed out that the deployment of decentralized representatives (dReps) will significantly shift the control of the treasury even without a complete constitution.
