In a recent interview, Charles Hoskinson, CEO of IOG, made waves in the cryptocurrency community by openly criticizing Bitcoin and declaring its following as a ‘religion’. As the driving force behind Cardano (ADA), a profit-oriented company focused on building innovative software for the cryptocurrency market, Hoskinson’s comments shed light on the growing sentiment that the
Cardano
The crypto market has shown signs of stagnation recently, with a decline in overall market cap. However, today’s increase in prices seems to have brought some relief. Ethereum (ETH) is currently trading at $2,977.88, marking a 2.6% increase over the past 24 hours. Its market cap has also grown by 2.64% to over $357 billion,
Cardano (ADA) has been receiving positive predictions from various crypto analysts, indicating a potential surge in its price. One analyst, Javon Marks, pointed out that ADA has been making significant progress since breaking the resisting trend. He highlighted the crypto token’s attempt to move towards the first target at $2.77709, suggesting that a recent pullback
Cardano (ADA) has been gaining attention recently due to a significant reversal in its trading volume. Analysts have been making ultra-bullish predictions for the crypto token, with some even suggesting a peak price target of $9, $11, and even $32 for this bull run. Despite the current low trading price, there seems to be a
The Relative Strength Index (RSI) is a technical analysis indicator that measures the speed and change of price movements in a particular asset. It is commonly used to determine whether an asset is overbought or oversold. The RSI scale ranges from 0 to 100, with values above 70 indicating overbought conditions and values below 30
Despite Cardano experiencing a recovery from its April lows and maintaining momentum above $0.45, there are mixed sentiments about its future trajectory. A crypto analyst known as ‘More Crypto Online’ has predicted that the altcoin is poised for more decline. According to the analyst, Cardano is currently in its 3-wave corrective rally based on the
Recently, analyst Ali Martinez shared insights on Cardano (ADA) through a detailed price analysis that suggests the crypto might be gearing up for a parabolic run. Despite the lackluster price action observed, Martinez highlighted the signs of a potential comeback in ADA’s current price formation. The correction path ADA has been on since mid-March, when
Charles Hoskinson recently sparked speculation about a potential partnership between Cardano and Bitcoin Cash. Through a poll he conducted, Hoskinson raised the idea of leveraging technologies like proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo technology to enhance the performance of Bitcoin Cash. The poll received significant engagement, with over 11,800
Telegaon, a crypto prediction website, has recently provided insights into when Cardano (ADA) will hit $45. This prediction represents an 8,900% price gain from its current price level, sparking the interest of ADA holders. The prediction claims that ADA will reach $45 by the year 2050, with a maximum predicted price of $45.87. Additionally, $39.12
The recent data revealed by analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The statistics indicate a significant dip in ‘profitability’ for ADA holders, with only 35% of them currently seeing gains. This stands in stark contrast to cryptocurrencies like Bitcoin and TRX, which show a much higher
