Tag: Cardano

Cardano Announces Warp Transactions, ADA Remains Stuck In Ranging Market

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Strica, a company working on solutions and use cases for the Cardano blockchain, unveiled a new feature for the smart contract platform via their wallet, Warp Transactions.  According to an official press release, described as a “game changer for token transfers,” Warp Transactions were created to ease the burden of transaction fees paid when sending assets on this network.  Cardano New Feature Eliminates Sender Fees, But There Is A Clause Usually, on Cardano, every token transfer demands the sender to pay a minimum fee of 1.14 ADA to secure against…

Base Chain TVL Surpasses Cardano As Interest Swells

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Ethereum Layer 2 network “Base” has surpassed Cardano in terms of Total Value Locked (TVL) in just two weeks after its official launch, despite Cardano experiencing a multi-year head start in growth and development.  Base TVL And Trading Volume Rises Above Cardano Presently, Cardano is facing criticism from users due to its TVL falling below that of the newly launched project “Base” built by Coinbase. One individual who has publicly criticized the project is Evan Van Ness, a Consensys member and Ethereum advocate. Van Ness took to his X (formerly…

Charles Hoskinson says SEC will not charge Cardano

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent interview, Charles Hoskinson confirmed that the United States Securities and Exchange Commission (SEC) has no plans to take action against Cardano. This news was reassuring and is amid the uncertainty in the crypto regulatory landscape. Regulations surrounding crypto have sparked extensive discussions and speculations. As various projects, including exchanges like Binance and Coinbase, are scrutinized, investors and enthusiasts are actively seeking clarity on how specific digital assets, including ADA, are being approached by…

Crypto Analyst Predicts Solana Could Mirror Cardano Price Action

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The general crypto market has seen a decline in the last week, with most assets recording significant losses. Solana (SOL), one of the most prominent cryptocurrencies, is down by 11.50% in the last seven days and 16.17% in the last month. Interestingly, popular crypto analyst, Benjamin Cowen has posted a puzzling prediction on Solana, drawing much similarity between the token’s current price movement and historical price data of fellow altcoin Cardano (ADA).  SOL To Close 2023 With Losses? According to an X post on August 23, Benjamin Cowem believes Solana’s…

Cardano Holder Resilience Tested As ADA Fends Off Bears

Cardano is currently facing a stark contrast between its promising development trajectory and the significant losses incurred by ADA holders.  Recent price analysis has revealed that the losses are nearing an astonishing 90%, sending waves of concern through the cryptocurrency community. The once-active addresses have dwindled, further accentuating the unease surrounding ADA’s price trend. In an accompanying chart in the analysis that lays bare the current situation, it becomes evident that nearly 4 million ADA addresses find themselves in the unfortunate position of holding the cryptocurrency at a loss. This…

Cardano Whales Rapidly Accumulating, ADA Bull Run Incoming?

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There are encouraging on-chain activities in Cardano. According to Santiment, an on-chain analytics platform, on August 14, there were 25,294 wallet addresses with at least 100,000 ADA, the highest in over 16 months. The uptick could signal interest, especially considering that prices are under pressure looking at the performance in the daily chart.  Cardano Whales Accumulating | Santiment ADA Whales Accumulating Looking at Santiment trends, it appears that ADA whales began accumulating as early as June 2022, and the number has been rising steadily ever since. However, amid this encouraging “bullish”…

Cardano sees 16-month high accumulation

Cardano (ADA) has been experiencing a noteworthy surge in accumulation despite prevailing bearish sentiment in the market.  Despite a 35% decline in its market cap over the last four months since the yearly peak, trader sentiment toward Cardano remains subdued. However, this hasn’t dissuaded large holders from showing a continued interest in the asset. Per the data from Santiment, the number of wallets holding 100,000 or more ADA tokens has reached its highest level in 16 months, with a current count of 25,294 such addresses.  This accumulation trend bucks the…

Cardano (ADA) Nears The $0.3 Resistance: What Lies Ahead?

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The journey of Cardano (ADA) toward reclaiming the $0.3 price level seems to be growing more challenging in the days ahead, as the cryptocurrency grapples with persistent bearish pressure. After successfully managing to hold the line at $0.3 during the latter part of July, the digital asset encountered a setback in early August when this crucial support level split, potentially paving the way for further price declines. The $0.3 mark not only signifies a March low but also acted as a pivotal resistance point during the months of June and…

Cardano Tests Psychological Support – What’s The Next Move?

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Cardano (ADA) recently made waves as it brushed against the critical $0.30 resistance level. The significance of such resistance levels in the world of cryptocurrencies cannot be underestimated, as they often mark crucial junctures in the price trajectory of digital assets. Resistance levels serve as key markers on the price charts, indicating levels at which an asset faces heightened selling pressure. These levels are points where a substantial number of traders historically have chosen to sell their holdings, causing the price to temporarily stall or reverse its upward trajectory. Such…

Cardano (ADA) Next In Line For A Rally Following Shark And Whale Buying Spree

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Cardano (ADA) has not exactly been the best performer in the last month. Instead, the altcoin’s price has continued to stall even during periods of market recovery. However, this trend could change pretty soon given the current accumulation trend among sharks and whales, something that could take a significant chunk of available supply off the open market and trigger another rally. Cardano Sharks And Whales Go To Market In a Tuesday post, the on-chain data aggregator platform Santiment revealed an interesting development concerning the ADA sharks and whales. The sharks…