Tag: Cardano

Cardano: Midnight Devnet Goes Live

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The Midnight team, a subsidiary of Input Output Global (IOG) – the brains behind the Cardano blockchain, made a major announcement yesterday on X (formerly known as Twitter. The statement read: “Here’s the news you’ve all been waiting for – the Midnight Network devnet is now LIVE. We can’t wait to hear your feedback and see what the community will build on. Let’s go!” This announcement heralds the beginning of a new era for the Cardano ecosystem, introducing the Midnight Network, a privacy-centric blockchain designed to address growing concerns over…

Analyst Predicts 8800% Ascent to $35 Cardano (ADA), Here’s When

Crypto analyst Fiery Trading has revealed a very bullish outlook for the Cardano (ADA) price. The digital asset which has been having a reasonably good run over the last few weeks is expected to shatter expectations as the analyst puts the price at $35. Crypto Analyst Predicts 8800% Climb To $35 For ADA Fiery Trading’s latest Cardano (ADA) prediction right be one of the most bullish for the digital asset this year. ADA, the native token of the Cardano network, is currently trading at $0.388 and if the crypto analyst’s…

Crypto analysts bullish on Cardano and Bitcoin, Everlodge to rally

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Market participants are bullish, expecting prices to rally. CryptoKaleo, an analyst, predicts Cardano (ADA) and Bitcoin (BTC) will reach $11 and $49,000, respectively, in the future. Meanwhile, Everlodge (ELDG) may continue increasing in the sessions ahead.  Cardano staked rises to $8 billion Cardano staking is gaining momentum. Cardano News reports that over $8.16 billion worth of ADA is staked, representing 63% of the coin’s circulating supply.  This has boosted ADA’s market cap to $11.83 billion and increased its trading volume by 103%, demonstrating growing interest and trust in the platform.  As of…

Cardano Founder Wants to Partner with Kraken, Here’s Why

For many crypto firms that are currently exploring layer-2, they have found that it opens up potential new revenue streams.  Charles Hoskinson, the founder of Cardano blockchain may be eyeing a potential partnership with top US crypto exchange Kraken. This follows after Kraken announced that it plans to improve its technological capabilities, admitting that it would need the help of a blockchain developer to do so. Although many notable contenders have also signalled their interest in partnering with Kraken, Hoskinson may be the latest in line. He expressed his interest…

ADA Price Gains Over 52% in 4 Weeks despite Notable Cardano Network Upgrade Delays

Cardano Foundation CEO Frederik Gregaard recently noted that the development of the smart contract-enabled ecosystem has been slow due to the high academic approach, which has been considered boring but important. Amidst the ongoing altcoin breakout fueled by the optimism revolving around the Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) in the United States, Cardano (ADA) has been among the best-performing top-rated altcoins and demonstrated very positive price trends. Backed by a vibrant community of Decentralized Finance (DeFi) developers and investors, the Cardano network has grown to a mature…

Cardano TVL outpaces Bitcoin’s, new token surging as Tether injects 1B USDT into Tron

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According to recent news, Cardano’s total value locked (TVL) surged, surpassing Bitcoin’s. Also, Tether has increased its USDT reserve on Tron with an additional 1 billion USDT. Meanwhile, a new project, Everlodge, continues to gain traction. Cardano TVL overtakes Bitcoin In Q3 2023, the Cardano ecosystem experienced rapid expansion, attributed to heightened developer activity and a positive market sentiment.  Cardano’s Total Value Locked (TVL) surged to $240 million, securing its position as the 11th most active blockchain. This spike also saw the project’s TVL rise to an all-time high.  The…

Cardano October Whale Frenzy – What Lies Ahead for November?

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Cardano (ADA) experienced a significant shift in its ownership landscape during the month of October. Large holders, defined as addresses holding over 0.1% of a cryptocurrency’s circulating supply, accumulated nearly 1.89 billion ADA coins. But is this development good news or bad news for the Cardano ecosystem? Large Holders Netflow is a metric that measures the number of inflows minus outflows pertaining to addresses held by large ADA investors. This metric provides valuable insights into the behavior of major stakeholders and their impact on the ADA market. When large holders accumulate…

ADA Price Prediction – Cardano Could See “Face Ripping” Rally

Cardano (ADA) is gaining pace above the $0.350 resistance. ADA is showing heavy bullish signs and might rally toward $0.400 or even $0.420. ADA price outperformed Bitcoin and rallied above the $0.350 resistance. The price is trading above $0.350 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.3505 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could accelerate higher toward the $0.400 level or even $0.420. Cardano Price Rally Seems Far From Over…

Cardano Whales Go On $600 Million Buying Spree That Could Trigger Run To $0.4

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Cardano (ADA) is one of the tokens currently in the limelight as many projects do well in the ‘Atcoin Season’ as Bitcoin’s dominance cools off. The token has rallied in recent days, and one of the reasons for this resurgence has been revealed.  Cardano Whales Are Accumulating    In a post on their X (formerly Twitter) platform, blockchain analytics platform IntoTheBlock noted that investors’ confidence in the Cardano token grew in October as ADA whales and investors accumulated 1.89 billion ADA during that period. This translates to over $600 million invested…

Cardano utilizes Polkadot tech stack for partner chains

According to a Nov. 6 post on X, Cardano has chosen to use Substrate, the foundation of the Polkadot SDK, to build its partner chain project. This decision is said to come after four years of research, culminating in Cardano selecting Polkadot’s SDK, formerly Substrate, as the ideal choice due to its modular and flexible design. A self-sovereign blockchain A leading developer of Cardano, IOG goes on to describe Substrate as a “proven open-source modular framework” and will contribute a set of composable pallets to broaden its overall reach.” 1/…