At the start of the year, Cardano’s market cap was hovering around $5.6bn. However, in five weeks, a flood of bullish sentiment has propelled this figure to $28.4bn. This was enough to leapfrog the likes of XRP and Polkadot to take the fourth spot on CoinMarketCap. Likewise, over this period, the price of ADA is…
The IOHK CEO Charles Hoskinson gave his perspective on why Cardano will outshine Ethereum 2.0. In an interview with Ben Armstrong, AKA Bitboy Crypto, Hoskinson spoke about Cardano having a simpler and more robust design than Ethereum. What’s more, he doubts whether this added complexity will result in higher throughput, better scalability, and more security…
ADA, a cryptocurrency backed by blockchain network Cardano, reached its best levels in the previous three years amid a major capital influx from Bitcoin to the altcoin market. The ADA/USD exchange rate hit $0.51 after rising more than 15 percent during the Asian session Friday. The pair’s gains appeared as a part of a broader…
XRP has had an extremely difficult run since 2017 and things have only turned worse. But somehow despite the poor performance compared to its peers, it has managed to hold onto a top five rank by market cap dating back as far as 2013. However, the legal blow dealt by the United States Securities and…
Cardano’s price started a strong surge over $0.2000, similar to bitcoin. ADA is showing positive signs and it is likely to continue higher above $0.2800 and $0.3000. ADA started a strong surge above the $0.2000 and $0.2400 resistance levels against the US dollar. The price is now trading well above $0.2600 and the 100 simple…
Developers IOHK implemented changes to the Cardano protocol yesterday in preparation for hard forking the network. But before freaking out, unlike other blockchains, IOHK points out that the network design handles new block production rules seamlessly. “To enable a smooth transition, Cardano automatically preserves the history of previous blocks. This allows the protocol to be…
Cardano’s price declined heavily towards $0.1300 before correcting higher, similar to bitcoin. ADA must clear the $0.1500 resistance and the 100 SMA (H4) to start a strong increase. ADA remained well bid above the $0.1300 level and corrected higher against the US dollar. The price is struggling to clear the $0.1500 resistance and the 100…
Fully decentralizing Cardano is the network’s primary objective. But considering all of the factors in play, achieving this is no mean feat. Developers IOHK must take into account things like security, performance, stability, sustainability, and incentivization. Otherwise, the consequences of ill timing could be disastrous for the network. There are 20 parameters that control how…
Cardano’s price is correcting higher from the $0.0880 support. Bitcoin price is surging, but ADA must climb above $0.0980 and $0.1000 to start a strong rally. ADA extended its decline towards the $0.0880 support before correcting higher against the US dollar. The price is now testing the $0.0950 resistance and it is well below the…
For nearly two years, Cardano has clashed with Wikipedia over its refusal to list a Cardano page. The online encyclopedia states the listing criteria come down to verifiable information sources and the inclusion of appropriate references. However, IOHK CEO Charles Hoskinson fired back last month by saying his project more than meets the requirements. Yet…