As seen in the past, Cardano faced a significant 57% drop when the Federal Reserve initiated rate cuts back in 2019. This sudden downturn in the cryptocurrency market was triggered by the cut in interest rates and was further exacerbated by the uncertainties surrounding the link between rate cuts and crypto declines. The correlation between
Cardano
The Cardano (ADA) ecosystem recently experienced substantial growth across various key metrics following the successful implementation of the anticipated Chang upgrade on September 1. Despite the bearish market sentiment affecting ADA’s price, the Cardano Foundation reported an increase in investor activity and blockchain usage. In particular, smart contract transactions surged by 31%, while metadata transactions
Cardano (ADA) is currently facing a critical resistance level at $0.33 amidst a backdrop of fear and uncertainty in the market. Despite this, on-chain data from IntoTheBlock suggests that certain investors are viewing this as a potential buying opportunity, signaling optimism for a market recovery in the near future. This growing optimism is reflected in
Amidst troubling forecasts of a potential US recession, popular crypto analyst Dan Gambardello recently provided a comprehensive analysis of the future of the Cardano (ADA) price. With a significant following on YouTube, Gambardello highlighted the unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. In this
Cardano recently underwent a highly anticipated Chang hardfork, bringing significant changes to the Layer-1 blockchain. Some of the key updates include on-chain voting, Delegate Representatives, enhanced smart contract capabilities, and a new governance structure with cost model improvements. This upgrade allows ADA holders to participate directly in governance decisions or delegate their voting power to
Cardano recently completed its Chang upgrade, transitioning to a decentralized governance system that empowers ADA holders to participate in the network’s decision-making process. The upgrade, named after Chinese mathematician Ch’ang Shou, was finalized at block 10764778 on Sep. 1. This milestone introduces significant modifications to Cardano’s governance structure, including on-chain voting, Delegate Representatives, enhanced smart
Cardano (ADA) has been facing challenges in terms of price growth for quite some time, despite being a popular altcoin in the crypto space. An analyst recently shed light on the reasons behind Cardano’s underperformance, yet offered a positive outlook by predicting a significant rally of 1,000% to new highs within this cycle. Crypto analyst
Cardano and its native token, ADA, faced a significant decline in the second quarter of 2024, mirroring the overall downturn in the cryptocurrency market. The price of ADA dropped by 39.7% to $0.39, leading to a 39.4% decrease in market capitalization to $14 billion. Despite a slight increase in circulating supply, which impacted market cap
Cardano recently announced a delay in the highly anticipated Chang hardfork, pushing the launch date to September 1, 2024. This decision was made to give exchanges and other platforms more time to prepare for the hardfork. Charles Hoskinson, the founder of Cardano, explained that while the Chang upgrade is ready, some key players such as
Cryptocurrency analyst @XForceGlobal recently shared a video chart analysis focusing on Cardano (ADA), a cryptocurrency that is currently being labeled as a “dinosaur coin” by many in the industry. In the analysis, XForceGlobal provided a detailed examination of Cardano’s position within the Elliott Wave cycle, suggesting that ADA is poised to enter a strong upward
