Hoskinson Affirms Cardano Solid Existence in the Crypto Space Despite Criticism
Charles Hoskinson, the founder of Cardano, has taken to X to respond to detractors who argue that the network is dead, unsuccessful, and irrelevant. Hoskinson warned the detractors in a recent X post that the top blockchain is here to stay. Hoskinson asserts Cardano’s continued existence in the cryptocurrency sector despite the network’s constant detractors. […]
Cardano NFTs Underperform With 1038 Buyers, While Solana NFTs Spike by 2226.47%
Based on information sourced from CryptoSlam, it’s evident that Solana (SOL) NFTs are displaying better performance compared to those on Cardano (ADA). Over the past 24 hours, SOL witnessed a remarkable surge of 2226.47%, with a total of 3520 buyers participating. In contrast, Cardano (ADA) only managed to attract buyers. Notably, SOL’s NFTs currently hold […]
BitBoy Predicts ADA’s Price Movement Following Upgrade on Cardano Mainnet
Cardano, a decentralized proof-of-stake blockchain, had a technology upgrade known as Mithril on July 30. The team led by Charles Hoskinson launched this stake-based protocol in an effort to speed up node synchronization on the Cardano blockchain. Given this tactical advancement, a number of Cardano supporters and investors have forecast varying percentage gains for ADA. […]
Update: Bitcoin Liquidity Now Available on Cardano Mainnet!
According to a statement by anetaBTC, Wrapped BTC (cBTC),will now provide access to Bitcoin liquidity in the Cardano (ADA) ecosystem. This integration of cBTC into Cardano is comparable to how wrapped Bitcoin (wBTC) was handled by Ethereum. For use in decentralized financial (DeFi) applications, BTC is tokenized on the other blockchain. Tttttt This is a […]
Cardano Blockchain Transactions Soar 49% in Q2 Amid Growing ADA Sentiment
Cardano experienced a rise in transactions as several upgrades were implemented earlier this year, which attracted both users and developers to the network. The amount of data stored in blockchain blocks during the second quarter increased to 50%, up from under 40% in the first quarter. In May, it reached its highest point at 81%. […]
Cardano Founder Hints at Technological Advancements and Vision for Rollups Integration
Cardano, named after the renowned Italian polymath Gerolamo Cardano, was introduced to the cryptocurrency world in 2017. Since then, it has made remarkable strides in its development. On September 2, 2021, ADA, the native cryptocurrency of Cardano, achieved its all-time high value of $3.0992. However, following this milestone, Cardano experienced a substantial decline of 89.83%, […]
Charles Hoskinson Appreciates Cardano Community During CIP-1694 Workshop
Charles Hoskinson, the founder of Cardano, recently provided important updates on the Edinburgh CIP-1694 workshop via Twitter. The workshop focuses on the Cardano Improvement Proposal (CIP-1694) titled “The First Step Towards On-Chain Decentralized Governance” and serves as a platform for final discussions on this proposal. Hoskinson expressed his satisfaction with the successful Day 1 of […]
Cardano Blockchain Set to Feature in Ledger’s Upcoming Quest
Hardware wallet provider, Ledger, recently revealed its upcoming venture, known as the Quest, which will showcase Clay Nation, an NFT built on the Cardano blockchain. The announcement was made via Ledger’s official Twitter account yesterday. Members of the Cardano community have the opportunity to partake in Ledger’s Quest and have a chance to win a […]
Analyzing Cardano’s Long-Term Trend: Could It Spark a 362% Surge?
According to analyst Alan Santana, when evaluating the potential of Cardano (ADA), it is crucial to focus on the long-term perspective. Despite a 35% decline from July 2022 to July 2023, recent price behavior suggests a recovery. ADA has witnessed a 20% increase since January 2023. Santana suggests that ADA’s price movement follows a three-stage […]
Cardano Djed Depegs as Reserve Ratio Drops; Community Reacts
The Cardano algorithmic stablecoin Djed was introduced on the mainnet in January 2023, but according to The Cardano Times (TCT), users are already experiencing issues with de-pegging and unminting. The COTI-issued stablecoin Djed has deppeged on all Cardano decentralized exchanges due to a recent decline in the reserve ratio of the token. The reserve ratio […]