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Cardano (ADA) has been on a tear this week, with the 10th largest cryptocurrency by market surging by approximately 21%. This price action comes as part of a broader cryptocurrency market resurgence, led primarily by Bitcoin.
Much to the chagrin of the Cardano (ADA) community, the project's co-founder Charles Hoskinson has announced another unfortunate delay of the much-anticipated Chang hard fork.
Cardano alternatives such as Toncoin (TON), Avalanche (AVAX), Tron (TRX), and SUI could gain significant momentum during the current market recovery as ADA continues to exhibit an underperforming trend. Currently trading at $0.39, the Cardano price is 33% down YTD (Year-to-date) and 87.3% from the All-time High of $3.1.
Cardano founder Charles Hoskinson recently sparked speculation and excitement in the ADA community when he teased the idea of an Algorand partner chain.
Cardano (ADA) is generating renewed interest in the cryptocurrency market as it inches closer to a critical resistance level at $0.37. This level has become a focal point for traders and investors alike, as a successful breakout could signal the beginning of a significant upward trend.
Cardano's much-anticipated Chang hard fork implementation has been rescheduled to September.
Despite a delay in the highly anticipated upgrade, ADA saw some resilience on the charts.
Cardano founder Charles Hoskinson has addressed speculations regarding ADA and Hydra.
In the latest development, Cardano CEO Charles Hoskinson shared his views on the power of the Algorand blockchain technology and the possibilities of partnering with them on decentralized artificial intelligence (AI) projects. Such a partnership can unlock new opportunities for both players in the rapidly evolving AI industry.
The Chang hard fork, a major update for the Cardano blockchain, is slated to go live on the mainnet next week, barring any unforeseen delays. This upgrade is set to enhance Cardano's scalability and governance, promising to improve both the network's performance and the way ADA holders participate in its future development.
Cardano has gotten a lot of bullish predictions lately, especially in relation to the much-anticipated Chang upgrade. The upgrade is one of the most important upgrades for the network in a while, and this has triggered a wave of optimism among supporters.
A notable crypto analyst named STEPH has put forth an intriguing prediction: Ripple (XRP) could see its price rise to $2.50 if Cardano (ADA) reaches $1.60. This analysis has captured the attention of many investors eager to understand the possible future trajectory of these two prominent digital assets.
XRP is once more teasing the critical $0.60 mark, which has shown to be a difficult barrier to overcome in recent months. Many traders are speculating as the cryptocurrency approaches this resistance, wondering if this is the time that XRP breaks through and starts a price reversal.
Bitcoin's rise above $63,000 has attracted buying in several altcoins, signaling that the sentiment is turning bullish.
For the last few weeks, the Cardano ecosystem has consistently announced how close it is to the Chang Hard Fork upgrade. However, the upgrade has failed to take off, and from Charles Hoskinson's recent post on X, the upgrade seems to be waiting on top centralized exchanges like Binance before making the move.
TL;DR Charles Hoskinson criticized the U.S. political and economic system, releasing a video proposing a shift towards decentralized governance. Hoskinson questioned the current political system's ability to address serious issues and criticized the Democratic National Committee for blocking third-party candidacies.
On-chain data has provided insights into how Cardano (ADA) investors will likely react to the crypto token's recent price surge. Cardano has been one of the leading gainers in the crypto market in the last seven days, with a price gain of over 14% during this period.
Cardano founder Charles Hoskinson has taken to X to announce that the blockchain's much-anticipated Chang hard fork is getting postponed.
Cardano will delay the highly anticipated Chang hardfork to September 1, 2024, according to the latest update. Cardano (ADA) founder Charles Hoskinson confirmed the delay in a post on X.
In a video update titled “End of the Line and the Next Steps for 2024,” Charles Hoskinson, founder of Cardano, delivered a sharp critique of the current political and economic system.
One of the most ambitious projections has come from leading cryptocurrency exchange CoinW, which forecasts a dramatic rise for Cardano (ADA), predicting that the top altcoin could reach an all-time high of $5. This would mark a staggering 1,265% increase from its current price.
Cardano (ADA) has seen a significant liquidation gap between long and short positions opened with the token in the perpetual futures market in the last 24 hours. Thus, according to data from CoinGlass, cumulative liquidations with derivatives on ADA totaled more than $350,000 during the period in question.
The polygon network crypto MATIC spiked to 60 60-day-high following the upcoming migraine from MATIC To POL and increased whale activity. Sharing similar movements as Polygon, Caradno asset ADA has started moving ahead of the forthcoming Chang Hard Fork ADA has not been a trader's favorite coin in recent days, as its returns say.
The crypto coins market is poised for a significant rebound, with several coins predicted to triple in value. This comes ahead of the US Federal Reserve's rate decision in September.
