Cardano Architect Dismisses ‘Zombie Blockchain’ Accusations with Wit and Humor

Cardano Architect Dismisses 'Zombie Blockchain' Accusations with Wit and Humor

In response to recent allegations labeling several prominent blockchains, including Cardano (ADA), as “zombies” with minimal users and utility, Cardano’s founder, Charles Hoskinson, offered a humorous rebuttal. The accusations, outlined in a Forbes article, criticized the functionality and value of these blockchains, sparking a lively response from Hoskinson. Report Overview Forbes’ investigation identified approximately 50 […]

Navigating Cardano’s Price Fluctuations: Whales Profit as ADA Faces Challenges

Navigating Cardano's Price Fluctuations: Whales Profit as ADA Faces Challenges

Cardano (ADA) has recently faced challenges, with its price fluctuating between $0.8104 and $0.5689 from March 14 to March 20. Notably, a decline in activity among large investors, known as “whales,” has been observed, potentially signaling profit-taking behavior. Decline in Whale Activity: Starting from late February, there has been a noticeable decrease in large transactions, […]

Cardano’s Whale Tale: Exploring Market Trends and Investor Sentiment

Cardano's Whale Tale: Exploring Market Trends and Investor Sentiment

Cardano’s recent price movements have signaled a positive technical outlook, with ADA surpassing its 21-day Exponential Moving Average (EMA). This milestone is commonly interpreted as a bullish indicator, suggesting growing momentum for potential upward movement.  Analyzing Whale Activity Examining data on large transactions alongside ADA’s price reveals insights into whale activity. Historically, a surge in […]

Cardano Bulls Eyeing $1: Analyzing ADA’s Path to Resistance

Cardano Bulls Eyeing $1: Analyzing ADA's Path to Resistance

Cardano, a third-generation cryptocurrency, has been striving to maintain bullish momentum despite fluctuations in trader interest. While recent pullbacks temporarily dampened bullish sentiments, an ensuing upswing has reignited hopes of surpassing the $1 mark. Current Market Analysis As the 9th largest cryptocurrency, Cardano is presently trading at around $0.6565, showing a modest increase of over […]

Cardano Wallet Growth Surpasses 2,000 Daily Additions

Cardano Wallet Growth Surpasses 2,000 Daily Additions

Cardano, the eighth-largest cryptocurrency by market capitalization, is experiencing notable growth in its blockchain wallet ecosystem. As of March 20, the number of wallets on the Cardano network reached 4,651,150, marking a 3.75% increase from the figure recorded on January 1, according to data from Cardano Blockchain Insights. Expansion of Smart Contracts On average, Cardano […]

Cardano (ADA) Holders React: Panic Selling Analysis

Cardano (ADA) Holders React: Panic Selling Analysis

Cardano (ADA) holders reacted with panic selling on March 20th, triggered by a decline in the token’s price to $0.58. This move was reflected in Cardano’s Network Realized Profit/Loss, which spiked to 6.1 million, indicating a significant shift in on-chain transactions towards profit. Source: Santiment Initial Decline and Recovery Despite the initial plunge, ADA’s price […]

Cardano’s Price Outlook: Bearish Patterns and Investor Strategies

Cardano Bulls Eyeing $1: Analyzing ADA's Path to Resistance

Whales, influential holders of Cardano (ADA), play a pivotal role in shaping the cryptocurrency’s market trends. Despite holding less than 20% of the circulating supply, their impact on daily transaction volumes is significant.  Over the past 24 hours, whales have conducted approximately $17.4 billion worth of transactions, a notable decrease from the $23 billion moved […]

Cardano (ADA) Holders Facing Losses Amidst Price Decline

Cardano

Cardano (ADA) investors have been grappling with significant losses as the cryptocurrency’s price dipped to $0.56 on Wednesday. This drop, nearly 30% below its year-to-date peak of $0.8104, came in the wake of a broader market correction sparked by Bitcoin’s decline to $62,000 and subsequent mass liquidations. On-Chain Data Reveals Losses and Fear On-chain data […]

Cardano Witnesses Surge in Trading Activity Amid Price Volatility

Cardano Bulls Eyeing $1: Analyzing ADA's Path to Resistance

CoinGlass data unveils an impressive 83% surge in derivatives trading volume for the widely popular Cardano token (ADA), totaling $1.61 billion. This surge in ADA trading activity signals heightened interest among cryptocurrency market participants. Liquidations Exceeding $4.79 Million Within the past 24 hours, over $4.79 million worth of open positions in ADA have been liquidated. […]

Cardano Founder Addresses FUD Around Hydra

Cardano Founder Addresses FUD Around Hydra

Charles Hoskinson, founder of Cardano, takes to X to dispel fear, uncertainty, and doubt (FUD) surrounding Hydra, one of Cardano’s latest projects. Hoskinson reassures the community via X, stating that the Hydra protocol remains active and under development. He emphasizes the productivity and motivation of the development team, highlighting ongoing enhancements to the protocol. Progress […]