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This week in crypto has seen significant advancements, with Polygon's MATIC token transitioning to POL as part of its 2.0 roadmap and Cardano's much-anticipated Chang hard fork going live.
Amid uncertainty in the crypto space, the ADA coin price continues hovering close to its crucial yearly lows. Moreover, the most anticipated “Chang Hard Fork” upgrade has failed to support the free-falling Cardano token. With a drop of 61.
Cardano price found support near the $0.3050 level. ADA is now recovering higher and might aim for more gains above the $0.3360 resistance.
Charles Hoskinson, the founder of Cardano, has provided crucial clarifications regarding the options ADA holders will have when withdrawing staking rewards in the new era following the Chang hard fork. This clarification comes in response to growing concerns among ADA holders about changes in governance mechanisms and reward systems.
In a recent social media post, Hoskinson reflected on the journey and achievements of Cardano, emphasizing the significance of the Chang update. He described this update as “one of the greatest technical achievements in human history,” showcasing how Cardano has evolved into a robust, decentralized network that spans over 100 countries.
Cardano's (ADA) much-anticipated Chang hard fork has put some of its holders in gains in the past 24 hours. Transactions involving the altcoin have returned more gains than losses during that period.
The Cardano ecosystem has continued to make headlines in what might ultimately trigger ADA price breakout. Since it entered the Voltaire era on September 1, the Proof-of-Stake (PoS) protocol has waded through key adjustments with impact on its native token valuation.
Amid flat trading, Cardano's Nike memecoin stands out with an unexpected 130% surge over the past day.
Cardano developer Input Output and Hedera are the latest cryptocurrency entities to join the Decentralized Recovery Alliance as founding members. The alliance announced on Sept.
Cardano Founder Charles Hoskinson has finally responded to some in the community who wants the protocol to adopt a burn mechanism for Treasury assets. While the tech innovator has always maintained an anti-burn stance, this latest take comes following the transition to the Voltaire Era.
Cardano (ADA), once hailed as a potential game-changer in the blockchain space, is facing significant challenges despite its recent technical upgrades. The latest Chang-Upgrade, designed to push Cardano (ADA) further towards decentralization, has been successfully implemented.
In a recent video titled “Next Steps Post-Chang,” Charles Hoskinson, Co-Founder and CEO of IOG, provided a detailed update on the Cardano ecosystem's development following the Chang roadmap milestone. Hoskinson outlined the current phase of governance, known as the bootstrap phase, which is essential for activating full governance in the Cardano network.
The top cryptocurrencies under $1 include XRP, Cardano, and Artificial Superintelligence Alliance.
The collaboration among these blockchain entities could significantly enhance digital asset recovery, promoting broader crypto adoption and security. The post Cardano's IOHK, Hedera join Ripple, Algorand Foundation as founding members of Decentralized Recovery Alliance appeared first on Crypto Briefing.
The Decentralized Recovery (DeRec) Alliance Research has welcomed its final Founding Members: research and engineering company and Cardano developer Input|Output, as well as the open-source, proof-of-stake network Hedera.
Dan Gambardello, a well-known crypto analyst, recently highlighted what could be a significant technical indicator for Cardano (ADA). On the ADA to BTC daily chart, he points out that a "bullish" divergence is forming, which could mean Cardano's price will surge relative to Bitcoin.
TL;DR Hoskinson about Decentralized Governance: The Chang Hard Fork introduces a new governance structure, empowering ADA holders to elect representatives and vote on key proposals, shifting control from Cardano's founding entities to the community.
Cardano (ADA) has successfully undergone its long-awaited Chang hard fork, marking a significant evolution in its network and introducing on-chain governance. This feature puts the power directly in the hands of ADA holders to influence the blockchain's future.
Charles Hoskinson makes much-needed clarifications regarding the withdrawal of staking rewards following the recent Chang hard fork.
Cardano bulls failed to take control after the Chang hard fork, as the token's price dropped by over 7% last week.
Cardano price has been steadily moving down a falling channel over the last 145 days. In the last 24 hours, ADA price has performed exceptionally well despite global crypto and traditional markets facing a major downturn.
Adam Back, the influential CEO of Block stream, has made a bold and alarming forecast about Cardano (ADA). Back suggests that Cardano, the crypto currency associated with the Cardano block chain, could see its value plummet by a staggering 90%.
Bitcoin (BTC) could slump further to $50,000, according to former BitMEX CEO Arthur Hayes. In a Wednesday blog post, Hayes shared his revised outlook for Bitcoin's price movement, contradicting his earlier bullish stance.
Bitcoin bulls are attempting to keep the price inside the current range, but BTC's growing weakness could eventually lead to new lows under $49,000.
