Tag Archives: Cardano

It’s hard fork season. Major protocols are undergoing serious upgrades, and Cardano is no exception. The network is en route to an upgrade of its own. In fact, it’s one of the most highly-anticipated hard forks, and it’s designed to boost Cardano’s scalability and overall usability. With many users looking forward to the Vasil hard fork, it’s worth looking into how this might impact ADA. The Vasil Hard Fork Explained To examine its potential impact, it’s necessary to first...

ADA price started a fresh increase above the $0.52 resistance against the US Dollar. The price is now trading above $0.52 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.5120 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it stays above the $0.512 support zone. Cardano price is showing positive signs above $0.512 against the US Dollar, similar to bitcoin. ADA price could...

With the upcoming Vasil hard fork, Cardano is expected to see an overhaul on the network. The focus will be on ramping up throughput and smart contract improvements. In a recent report, on-chain analytics platform, Messari observed that Cardano is “priced more aggressively” when compared to other growing ecosystems due to Vasil. It further said the market seems to be expecting significant improvement from the much-anticipated upgrade. Cardano Overvalued? Cardano has been...

ADA price started a downside correction from the $0.556 zone against the US Dollar. The price is now trading below $0.52 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.4750 on the 4-hours chart (data feed via Bitfinex). The price could start a fresh increase if it stays above the $0.475 support zone. Cardano price is correcting lower below $0.520 against the US Dollar, similar to bitcoin. ADA price must stay...

Bitcoin plunged to a 16-month low, while the altcoins suffered even more in the past week or so. Despite bouncing off and reclaiming some ground, the situation is still dire, and Cardano’s Charles Hoskinson provided his outtake on it. Charles Hoskinson’s Views Cardano Founder Charles Hoskinson noted that the market is deep in a new crypto winter, and it will take weeks or even months for a bottom to appear, following which there will be some respite. According to him, the...

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ADA price started a steady decline from the $0.80 resistance against the US Dollar. The price is now trading below $0.70 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.655 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to recover above the $0.655 resistance zone. Cardano price is declining below $0.70 against the US Dollar, similar to bitcoin. ADA price...

The American entrepreneur and founder of Cardano – Charles Hoskinson – opined that ADA (the native token of his blockchain protocol) has been underperforming recently because crypto is in a bear market. In his view, nothing can move the USD valuation up during the current situation. Bear Market is Here 2022 and especially the last few weeks have not been kind to the cryptocurrency industry as the prices of most digital assets are far away from their top levels registered in...

ADA price started a steady decline from the $0.90 resistance against the US Dollar. The price is now trading below $0.80 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $0.835 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to recover above the $0.840 resistance zone. Cardano price is declining below $0.80 against the US Dollar, similar to bitcoin. ADA price...

Input-Output HK (IOHK) – the development company and driving force behind Cardano (ADA) – provided updates on Cardano-based NFT loan platforms, multi-chain bridges between the blockchain and Ethereum, etc. According to Input-Output HK’s thread of tweets, the Cardano network is currently housing nearly a total of 900 projects, with the latest example of IagonOfficial, a cloud computing platform, announcing its migration to Cardano last week. Since then, 50% of its token supply...