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In a recent tweet, the Cardano Foundation stated that it had reestablished control of its official X (previously Twitter) account following an unauthorized access incident.
The Cardano Foundation (CF) has regained control of its official X account after it was compromised in a hacking incident. The breach, which occurred on Dec. 8, saw the account misused to promote a fraudulent ADASOL token.
Cardano, one of the leading proof-of-stake (PoS) blockchains, has taken a significant step towards a more decentralized and participatory ecosystem with the release of Daedalus v7.0.0. This update of the full-node wallet, developed by Input Output Global (IOG), introduces new features designed to enhance Cardano's governance and optimize the use of the ADA token.
The price of Cardano (ADA) has continued to recover from the bottom of the chart after being trapped at the high of $1.20. The cryptocurrency is recovering and is on track to reach its peak price of $3.00.
Cardano (ADA), one of the leading altcoins, continues to trade above the $1 mark despite tempered sentiment on the broader market. At the same time, there are discussions about a potential supercycle for ADA.
Cardano faces bearish pressure despite whales buying 80M tokens, signaling potential overvaluation and a likely market correction.
Cardano price started a downside correction from the $1.1780 zone. ADA is consolidating and facing hurdles near the $1.180 and $1.200 levels.
Cardano (ADA) has experienced a notable rebound, fueled by a steady recovery in the broader altcoin market. After a dip earlier in the week, ADA has successfully defended its key $1 support level, making it a focal point for traders.
The price movement of Bitcoin close to $100,000 has drawn a lot of attention and represents a crucial technical and psychological turning point for the market. Although the milestone is remarkable, there are legitimate concerns regarding the rally's sustainability and the potential for a retracement.
In a somewhat atypical development in the cryptosphere, on Thursday a clutch of coins and tokens surged in price while the leading one sagged on the day.
Cardano price has climbed significantly over the last month, aligning with the general uptick in the crypto market. As Bitcoin maintains its position of over $100,000, investor enthusiasm appears to be heightened.
Amid the ongoing market volatility, the crypto space has experienced a strong bullish recovery over the past few hours. Following this, the ADA price regained momentum and recorded a double-digit price surge in its respective portfolio.
XRP's meteoric rise in the first week of November elevated its market capitalization from around $30 billion to an impressive $135 billion. This surge momentarily overtook Tether, securing XRP's position as the third-largest cryptocurrency by market cap after Bitcoin and Ethereum.
ADA is the best-performing top 10 cryptocurrency today (December 12).
However, there is the possibility that a new speculative bubble on the price of ADA has started to inflate.
Will the decisive defence of $1 support allow ADA to surge forward?
Dedium Network announces a strategic partnership with Lunar Labs Capital, showing venture capital's growing interest in Cardano-based projects. The collaboration combines Dedium's innovative infrastructure with Lunar Strategy's experience in accelerating crypto projects.
The price of the native token of the Cardano ecosystem, ADA, is up by more than 10.6% in the last 24-hour period, outperforming the wider cryptocurrency market over the same period, in which BTC and ETH rose 2.1% and 5.3% respectively. The cryptocurrency's price has been rising shortly after the network's Daedalus v7.0.0.
Cardano (ADA) has recently dropped below the crucial $1.20 support level, raises concerns about its near-term recovery potential. In the past 24 hours, ADA has declined by over 16%, marking a significant drop in its price.
The Cardano ecosystem has been rocked by a series of whistleblower allegations that paint a picture of internal discord, strategic manipulation, and eroding trust at the very heart of its foundational organizations.
Following an impressive price surge over the past month, Cardano whales have strategically accumulated significant amounts of ADA.
Cardano price has been on a three-day winning streak, but the momentum seems to be waning near the $1.20 inflection point. Will ADA overcome?
On Wednesday, December 11, Cardano's (ADA) price dropped to $1.01 but has increased by approximately 15% over the last 24 hours. This increase has reignited hopes among the altcoin holders, suggesting that it could hold the uptrend firm.
Cardano (ADA) is currently up by more than two percent and is trading close to the $1.20 levels. The important support area to watch is between 83 cents and $1.06. There are two potential pathways for ADA from here.
