Tag: Cardano

Cardano Sees A Spike In On-Chain Activity, Should You Buy ADA?

Charles Hoskinson, Cardano (ADA) founder, has explained how the cryptocurrencyโ€™s future privacy protocol (Midnight) would work within their ecosystem.ย  In a recent YouTube interview, he claimed that the planned integration would help establish a confidentiality network of smart contracts. According to him, Midnight aims to resolve the paradoxical issue of having privacy and disclosure of a protocolโ€™s rules simultaneously. The announcement yielded positive results, evident with a spike in on-chain activity. Data from Santiment on Cardanoโ€™s Age Consumed showed a movement of over 107 billion ADA (including old coins) on…

Key Support Line For Cardano Price Rests Here As The Coin Moves South

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The Cardano price has declined steeply over the past trading sessions. The altcoin currently trades within a descending triangle pattern. This means that the coin could be headed for further decline unless it manages to break past a few vital price ceilings. Over the last 24 hours, ADA declined by 1.3%. In a weekly timeframe, the altcoin price has been hovering around the same range. In recent weeks, the Cardano price has reached new highs. This reading is tied to bullish price action; however, the bulls lost vigor. It is…

What’s In Store For Cardano Price (ADA) Before Christmas?

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Cardano (ADA) exited the month of November with its total market capitalization and its blockchainโ€™s total value locked (TVL) taking a heavy hit from the FTX collapse that dragged down the entire crypto market. According to data from CoinMarketCap, when last month ended, ADAโ€™s overall valuation was at $10.7 billion, 23% lower than the $13.9 billion market cap it had towards the end of October. On a yearly basis, the crypto asset witnessed 69% decline in this category. In terms of TVL, the Cardano network tallied a total of $58.8…

New Cardano algorithmic stablecoin evokes old fears for the community

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With the new announcement that Cardano is on its way to release an algorithmic stablecoin in 2023, various community members expressed concerns, comparing the project to Terra USD (UST), which caused great losses within the crypto space in 2022.ย  According to its developers, the stablecoin project Djed will be pegged to the U.S. dollar and backed by Cardano (ADA). Apart from this, it will be using another token as its reserve coin. The project highlighted that it will be overcollateralized and will have on-chain proof-of-reserves. Despite the assurances given by…

This Is Why the Cardano (ADA) and Algorand (ALGO) Community Are Purchasing Snowfall Protocol (SNW)!

Place/Date: – December 1st, 2022 at 1:59 pm UTC ยท 3 min read Source: Snowfall Protocol Photo: Snowfall Protocol Two competing layer-1 blockchain protocol initiatives are Cardano (ADA) and Algorand (ALGO). Unfortunately, the adoption of these two methods has lagged, and market prices remain flat or in a low consolidation. For this reason, both communities are looking to Snowfall Protocol (SNW), which can give returns worth 100x in the following weeks, despite still only being in presale phase 2. Continue reading to learn why. Why Do Experts Pick Snowfall Protocol…

Cardano Registers Milestone With Over 7 Million Native Tokens

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Cardano (ADA) has failed to take advantage of a significant network milestone it recently achieved as the digital asset continues to struggle in pushing its price to higher levels. At the time of this writing, the cryptocurrency was changing hands at $0.3060 and has gone down by almost 3% during the last 24 hours according to data from Coingecko. This comes as a surprise as the projectโ€™s blockchain is in the midst of celebrating the accomplishment of having more than 7 million native assets that have been created on it.…

What’s Next For Cardano Price As It Auctions At $0.31?

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The Cardano price continues to suffer a downtrend throughout the month of November. Over the last 24 hours, ADA registered a 0.6% depreciation. ADAโ€™s next upcoming trading sessions remain crucial as the market is expected to move out of lateral trading. Depending on how quickly it breaks through its current resistance. The bears continue to pull down the price level. Bears will continue to succeed if ADA doesnโ€™t claim the $0.36 price. A buying resurgence could help ADA move upwards, marking the start of bullish price action. Continued demand for…

Cardano DeFi Project Ardana Halts Development, Citing Funding, Timeline Concerns

Ardana was barely a year into development after raising $10 million last year via a funding round led by now defunct crypto hedge fund, Three Arrows Capital, Cardanoโ€™s cFund and Ascensive Assets. The project was working on stablecoin minting and foreign exchange services, and aspired to be โ€œthe MakerDAO and the Curve Finance of Cardano.โ€ Original Source ArdanaCardanoCitingConcernsDeFiDevelopmentfundingHaltsProjectTimeline CryptoX Portal

Leading Cardano stablecoin project shuts down after excruciating launch delays

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On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly halted development, citing “funding and project timeline uncertainty.” The project will remain open-source for builders while treasury balances and remaining funds will be held by Ardana Labs “until another competent dev team in the community comes forward to continue our work.” “Development on Cardano has been difficult with alot of funding going into tooling, infrastructure and security. This alongside the uncertainty around development completion has led to the best course of action being…

Ripple XRP FOREX MARKET & LIQUIDITY HUB, Hedera, Algorand, Casper News ๐Ÿ’ฅ XRP ALGO HBAR CSPR๐Ÿ’ฒ

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Timestamps: 0:00 1:00 Ripple Swell Announcements & Liquidity Hub! 1:23 ODL XRP in FOREX ($6.6 Trillion Per Day Market) 7:23 Hedera HBAR 8:51 Market Size Example 9:00 Algorand Algo 9:30 Casper CSPR News 11:31 Power of NFTs REAL UTILITY Every Crypto Resource I Use, Discounts, & Socials can be Found Here: โœ… Want to Buy CSPR? No KYC, Up to 10 BTC Withdrawal Gems List Here BEFORE Kucoin ๐Ÿ‘‰ CSPR is 3X more liquid here vs Bitrue (less fees & tighter spread)…