Cardano's network activity surges to 2023 level, but will it help ADA?

Cardano fans express concerns over BitcoinOS' BOS token release, questioning its necessity in the Grail Bridge.

Layer-1 Proof-of-Stake (PoS) blockchain, Cardano is evolving with a new advancement in its smart contract pursuit. As the protocol's core developer Sebastian Guillemot revealed, Halo2, the first Zero Knowledge (ZK) transaction is now live on the mainnet.

Cardano (ADA) surged past the $1 mark over the weekend, marking a significant milestone in its recent rally. However, after reaching a multi-year high of $1.15, the cryptocurrency is now navigating a 17% correction as profit-taking sets in.

Charles Hoskinson, the founder of Cardano, has publicly criticized the Wyoming Stable Token Commission's recent blockchain network selections for the state's upcoming stablecoin, the Wyoming Stable Token (WST). In a livestream titled “XRP and Wyoming” broadcasted on November 25, 2024, Hoskinson questioned the commission's opaque selection process and raised concerns about potential conflicts of interest.

TL;DR Charles Hoskinson proposes an ecosystem of hybrid apps that allow Bitcoin to be used directly in DeFi applications, without the need for other tokens. The integration between Cardano and Bitcoin would include the use of babel fees, enabling users to pay fees in BTC.

According to dcSpark co-founder Sebastien Guillemot, the very first ZK (zero-knowledge) smart contract has been deployed on the Cardano mainnet.

Cardano (ADA), a key player in the cryptocurrency market, has slipped below the $1 mark, marking a significant 7% drop in the last 24 hours. This downturn comes as ADA faces stiff resistance at the “golden pocket” zone, a critical range between $1.12 and $1.23, identified on the weekly chart.

Story Highlights Cardano's price fails to hold its $1 mark. The ADA price records a strong bearish reversal and drops ~14% today. Technical indicators experience a bearish convergence, however, a potential bullish reversal can be expected. The cryptocurrency market has turned bearish this week with top tokens recording a significant drop in their respective portfolios.

As recent bull market sentiment begins to show its cracks and Bitcoin takes a tumble, layer-1 altcoins appear among the most resilient, with Avalanche, Polkadot, and Fantom as standouts. The post Layer 1 Altcoins Immune to Bitcoin Dip: AVAX, DOT and FTM Price Surge Despite Red Market appeared first on Cryptonews.

Crypto to Buy Now: After a notable upside rally, the overall cryptocurrency market appears to be correcting. Today, November 26, 2024, the top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and several others have reported significant price declines.

Cardano price has faced a sharp reversal, dropping nearly 21% from its highest level this month as investors took profits. Cardano (ADA) was trading at $0.92 on Tuesday, Nov.

Technical signals indicate further increases while analysts predict new highs.

Today, Cardano has taken an 11% nose dive amid a reigning-in of recent bull market sentiment, putting its $1 valuation into question. The post Cardano Struggles As Market Turns Red, ADA Falls Below $1, Down 11% in 24 Hours – What's Next? appeared first on Cryptonews.

Here are ADA's next potential targets (according to some popular industry participants).

Cardano blockchain founder Charles Hoskinson has shared a vision of building an “ecosystem of hybrid apps powered by DeFi-enabled Bitcoin.” In a Nov. 26 post on X (formerly Twitter), Hoskinson highlighted his renewed interest in Bitcoin's foundational code while noting that adding a DeFi layer to the top digital asset could restore its innovative edge.

Charles Hoskinson, the prominent crypto entrepreneur behind Cardano, has said he wants to add decentralized finance (DeFi) features to Bitcoin. Looking back on his long history with Bitcoin and its foundational code, Hoskinson described his renewed focus on the cryptocurrency, viewing it as a chance to revisit its design and expand its potential.

Top traders were net long on ADA, a bullish conviction of likely extra rally.

For some investors, Cardano's recent dip below $1 might seem catastrophic. However, ADA bulls appear unfazed by the slight decline, as on-chain data suggests they may be gearing up for another sustained uptrend.

ADA, alongside the rest of the market, dumped hard in the past day.

Cardano (ADA) has dipped below the crucial $1 level and is down by more than seven percent in the last 24 hours. ADA had recently come across a major resistance at the golden pocket area, which is positioned between $1.12 and $1.23.

The cryptocurrency market's November rally has spotlighted several Cardano Rivals poised for exponential growth. After Cardano's ADA token surged 250%, investors are eyeing competitors that could deliver significant returns.

Santiment's analysis of the Cardano market is based on two key indicators: realized profits and social media activity. According to their data, the $165 million in profits realized on November 22 was the highest level in eight months.

Cardano (ADA) has emerged as one of the cryptocurrency market's standout performers. Its market capitalization has tripled in just 17 days to reach an impressive $37.40 billion.

Bitcoin's failure to cross above $100,000 could extend the current price pullback. The real question is whether or not bulls will buy the dip.

Cardano (ADA) price climbed 193.65% over the last 30 days and 37.82% in the past week. Despite this impressive rally, indicators suggest that ADA's uptrend may be losing steam.

The price of the native token of the smart contract platform Cardano ($ADA) has been hovering around the $1 mark amid a wider cryptocurrency market surge that has seen th price of the flagship cryptocurrency Bitcoin near $100,000 before a correction saw it drop to $95,000 at the time of writing.

Cardano (ADA) is struggling to maintain the $1 support level. What does the future hold for ADA?

The price of Cardano (ADA) is losing its crucial edge on the market as it entered a consolidation phase that proves it is truly oversold. Per data from CoinMarketCap, the price of Cardano has dropped in 24 hours from $1.09 to its current price of $0.9998, down by 1.03%.

Cardano founder alleges unfair practices in Wyoming's stablecoin project after commission creates arbitrary blockchain scoring system.

Brian Q, an expert at on-chain analytics firm Santiment, shared his insights into controversies in retail sentiment in the past seven days. It looks like Bitcoin (BTC) might be disappointing for the crowd, while some old-school altcoins are in the spotlight again.

ADA's monthly chart shows a key resistance at $0.85. If it flips to support, it could spark a major rally.

Bitcoin (BTC) stalled after coming within touching distance of $100,000 as the cryptocurrency reached a peak of $99,655 before declining to its current level. BTC is marginally down over the past 24 hours but registered a substantial decline over the weekend and dipped to a low of $95,816 late on Sunday before recovering.

Last week's remarkable Cardano rally stalls, with ADA down 8.70% from last week's highest level. With this consolidation, similar to that of other altcoins, many traders wonder what's next for Cardano price after the 220% rally?

Polkadot has jumped by 5% in the past 24 hours, with the coin's bullish pennant suggesting that a big break out is about to arrive. The post Polkadot Chart Forming Bullish Flag Pattern, Analysts Predict DOT Will Pump After Reaching the $9.35 Mark appeared first on Cryptonews.

Cardano (ADA) continued to exhibit strength over the weekend after surging past the critical $1 resistance level on Friday, following a week of intense buying pressure. Notably, the ninth-largest cryptocurrency has skyrocketed nearly 220% in the past month, riding the wave of a broader crypto-market resurgence.

Cardano founder Charles Hoskinson has threatened legal actions over the blockchain network's omission from the Wyoming Stablecoin project. In a Nov. 25 video broadcast on social media platform X, Hoskinson accused the Wyoming Stable Token Commission of favoring certain blockchains and ignoring transparency.

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In a livestream on November 25, Charles Hoskinson, the founder of Cardano and CEO of Input Output Global (IOG), voiced serious concerns over the Wyoming stablecoin project, highlighting what he perceives as procedural misconduct and unfair exclusion of the Cardano blockchain.

A prominent crypto analytics firm is warning that on-chain data is indicating that traders are taking profits on their Cardano positions (ADA). Santiment says on the social media platform X ADA is flashing two bearish signals after an over 220% rally this month.

Cardano (ADA), currently ranked as the ninth-largest cryptocurrency, has emerged as one of the market's top performers. It has experienced an impressive 108% increase over the past two weeks, propelled its price to a 32-month high, fueled by a wave of bullish sentiment following Donald Trump's presidential victory on November 5.

Cardano (ADA) is showing a remarkable surge in price, up by 117% from its recent lows. As the cryptocurrency market continues to heat up, ADA has been one of the standout performers, attracting attention from both retail investors and analysts alike.

KSM pulls off a mighty 119% single-day rally, following a surge in liquidity within the Polkadot and Kusama ecosystems.

Cardano (ADA), the ninth largest cryptocurrency by market cap, has seen an impressive rise in November, increasing by 211% over the last 30 days, according to CoinGecko data.

Cardano's ADA token has surged to its highest price since May 2022, hitting 90 cents and attracting significant attention from both retail and institutional investors. The recent surge has propelled ADA's market capitalization to $30.85 billion, securing its spot as the 10th-largest cryptocurrency in the world.

Polkadot (DOT) has witnessed an exceptional surge recently, gaining over 100% in the last month with a weekly gain of 55%, which brought the price up to above $8. A breakout in the early hours of the day saw DOT test the $10 resistance level.

Polkadot (DOT) surges 122% in 30 days, reclaiming $8. Can it break $10? Explore DOT's key levels, RSI signals, and technical outlook for the coming days. The post Polkadot Is Red Hot As DOT Blasts Past $9, Up 122% in 30 Days appeared first on Cryptonews.

The so-called “OG” coins like Cardano (ADA) and Algorand (ALGO) are seeing strong momentum as the crypto altseason starts. In this context, Finbold asked an artificial intelligence (AI) model whether ADA or ALGO makes a better buy for 2025.