Cardano and its native token, ADA, did not have a great Q2 in 2024. The price of ADA plummeted by 39.7% to $0.39, causing its market capitalization to fall by 39.4% to $14 billion. This decline was mainly influenced by an increase in circulating supply. It’s worrying to see such significant decreases in key performance
Cardano
Cardano has been making headlines lately with a series of bullish predictions, particularly in anticipation of the Chang upgrade. This upgrade is seen as a significant step forward for the network, generating a surge of optimism among its supporters. In the past three years, Cardano has experienced both bullish and bearish cycles, with the bears
Cardano (ADA) has experienced a significant surge in price over the last seven days, with gains of over 14%. However, on-chain data indicates that investors may be preparing to offload their holdings to secure profits. Santiment data reveals that an additional 12% of Cardano’s supply is now in profits, signaling a potential influx of selling
The recent surge in Cardano’s trading volume has caught the attention of many investors in the crypto market. Data from various sources, including CoinGlass and CoinGecko, confirm a substantial increase in trading activity for ADA. In the span of just 24 hours, Cardano has witnessed a remarkable 150% surge in trading volume, totaling approximately $477
Cardano (ADA) is currently facing a crucial juncture as it grapples with the possibility of an inverted hammer formation on its weekly chart. This pattern symbolizes potential buying pressure taking over early selling, hinting at a trend reversal from bearish to bullish. However, amidst this glimmer of hope, ADA’s technical indicators are sending mixed signals.
Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, attracting the attention of institutional investors. The influx of capital from these investors suggests a growing interest in Cardano and could potentially signal an uptrend in the near future. CoinShares, a prominent firm in the crypto ETP industry, reported that digital
The Cardano ecosystem is currently experiencing a surge in activity, particularly from large ADA holders known as whales. These whales have been actively moving ADA tokens, with recent on-chain data showing a peak of 17 billion ADA tokens being traded among whale addresses. This increase in activity has caught the attention of market observers, as
The Cardano market recovery has failed to bring relief to a large number of ADA holders who are still nursing losses. Data from IntoTheBlock paints a grim picture, showing that Cardano is the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This has left holders and long-term believers
Cardano (ADA) has experienced a significant decline in developer interest and activity recently. According to DeFi Llama, the number of monthly developer commits has dropped from 3,380 in May to 3,300 in June, and currently stands at less than 2,000 this month. This indicates a lack of enthusiasm and innovation within the Cardano ecosystem, leading
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