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In case you were wondering how an iconic meme became the favorite cryptocurrency of centibillionaire Elon Musk, Cardano's Charles Hoskinson has made an educated guess.
In the last 24 hours, Cardano (ADA) saw a massive 29% increase in its futures trading volume, reaching over half a billion dollars, as reported by CoinGlass. This increase reveals a strong shift toward ADA perpetual futures trading, which has outpaced the spot market.
Cardano founder Charles Hoskinson recently provided an important clarification regarding the governance actions of the Cardano blockchain.
Toncoin (TON) price surged 7% to hit $7.63 on Thursday, June 13, 2024, while its market cap surged to $18.6 billion, on-chain data analysis reveals the organic catalysts behind TON bullish uptrend.
Top market experts forecast ETFSwap (ETFS) to reach $20, rising over Cardano's ADA and Ripple's XRP, amid Spot ETF speculations.
Tesla shareholders have voted overwhelmingly to approve a $56 billion pay package for CEO Elon Musk and to move the electric vehicle maker's legal home to Texas. Musk confirmed the shareholder resolutions on social media on Wednesday, noting the wide margin of approval.
OKX has partnered with P2P.org to introduce advanced staking for four major crypto assets, including ADA, DOT, KSM, and TIA. The post P2P.org teams up with OKX to launch institutional-grade staking for ADA, DOT, KSM, and TIA appeared first on Crypto Briefing.
Cardano's (ADA) recent price action around important support levels suggests a possible rebound. ADA is now trading above the weekly SMA 50, a significant zone for the buyers in ADA's history at $0.433. This support has strengthened ADA prices since the end of October 2023. The broader crypto market was dragged down by the U.S.
Cardano's price is building bullish momentum that could lead to a price reversal if the conditions are met.
Cardano is one of the cryptocurrencies that continues to see bullish expectations from crypto analysts. One crypto analyst, in particular, who gets by @Av_Sebastian on X (formerly Twitter), believes that the Cardano price can rise as high as $2, crediting the upcoming Chang upgrade as the reason for this.
Bitcoin rebounded to almost $70,000 on Wednesday following the release of the May Consumer Price Index (CPI) data, which came in cooler than expected. Other leading cryptocurrencies also nudged higher as the market reacted positively to the news.
Charles Hoskinson, the founder of Cardano has spoken out about his yet-to-materialize working relationship with Tesla CEO Elon Musk. In an interview with Tony Edward, the host and founder of Thinking Crypto, Hoskinson highlighted the similarities in interests with Elon Musk.
As bullish momentum continues to rock the crypto market, Bitcoin (BTC) and Cardano (ADA) are calling the shots in terms of social interest, according to Santiment.
On Wednesday U.S. trading hours, the cryptocurrency market witnessed a sudden uptick following the release of U.S CPI data. The Bitcoin price jumped 3.7% to trade at $69804, while the Ethereum record jumped 3.85% to reach $3632.
Favorable CPI data have helped Bitcoin reclaim the crucial $69,000 level, signaling that a move to $72,000 is possible.
The way DTX Exchange has been attracting investors will soon raise $1 million in the early stages of the presale; to date, they have raised over $670K in a few days of the second presale stage. The main participants in the second round were the Cardano (ADA) and Polygon (MATIC) investors.
Cardano (ADA), the smart contracts platform known for its meticulous development process, finds itself at a critical juncture. Analysts are split on the cryptocurrency's immediate future, with some predicting a bullish breakout and others bracing for a bearish correction.
Charles Hoskinson, the visionary architect behind Cardano, has unveiled what he deems as the most significant milestone in the platform's history—a transformative shift towards decentralized governance. As Cardano prepares to embark on this epoch-making journey, the cryptocurrency community braces for a new era of empowerment and inclusivity.
The Cardano Chang hard fork is finally within reach, promising historic changes for the blockchain. Cardano founder, Charles Hoskinson, has teased significant updates and major changes set to take place for ADA.
Cardano sets the stage for Voltaire, the final part of its roadmap to achieve a fully decentralized blockchain ecosystem.
Cardano (ADA) co-founder Charles Hoskinson is outlining the timeline for the layer-1 blockchain's Voltaire phase, the fifth stage of the 11th-largest crypto asset's roadmap. Hoskinson says that a new Cardano node which will usher in two Chang upgrades is ready for deployment.
On Tuesday, the cryptocurrency market experienced a sudden sell-off following the lead of Bitcoin which tumbled 3.8%. This supply pressure is likely sparked by the market uncertainty ahead of the UP CPI data release scheduled for Wednesday.
Cardano has seen a rise in its volume, but sellers have dominated it in the last 24 hours.
After entering the Voltaire era, the Cardano development firm IOHK will no longer directly manage the seven-year-old blockchain. Instead, full control and operation will be entrusted to community members.
