Cardano

Cardano has surpassed 10 billion ADA being staked on the network as the platform prepares for smart contract integration later in the year.

Just four days after Cardano’s successful launch of the Shelley hard fork, there are over 600 active stake pools.  According to data compiled by ADAPools.org, Cardano has currently 623 active stake pools, representing a relative peak following the launch of Shelley. The pools, which allow users to participate in the staking protocol, have a collective […]

This article attempts to answer any questions you may have regarding Cardano’s upcoming Shelley network upgrade (aka “hard fork“). Q: What Is the Purpose of the Shelley Hard Fork? A: According to IOHK, the company developing the Cardano (ADA) protocol, the Shelley phase in Cardano’s development roadmap is all about decentralization: “The Shelley era encompasses the […]

IOHK CEO and ethereum co-founder Charles Hoskinson says stylometry can be applied to bitcoin’s original code to determine the identity of Satoshi Nakamoto. 

Weiss Crypto Ratings says that Cardano is vastly superior to EOS, despite the latter being first to market and having more than double the market capitalization of ADA. 

Cardano and Algorand have received high praise from Weiss Crypto Ratings for already solving most of the issues addressed by the CBC Casper Protocol.

The latest version of the Cardano (ADA) protocol, version 1.6, will bring with a new version of the Daudalus wallet with updated UI features making it easier to use and more attractive. 

In a recent interview, the founder of Cardano, Charles Hoskinson, described the emergence of Facebook’s planned virtual currency ‘Libra’ as signposting the erosion of the centralized legacy financial system in the face of increasing global adoption of distributed ledger technologies.

Daily crypto recap: David Marcus on “misunderstandings” surrounding Libra cryptocurrency; Cardano Foundation joins push to create cryptocurrency regulatory guidelines; and Liquid exchange selling Telegram’s Gram token.

The Cardano Foundation, one of the three organizations involved in the development of the Cardano blockchain and its ADA cryptocurrency, has recently joined Global Digital Finance (GDF), an industry trade group, to help set regulatory guidelines for the cryptocurrency space. According to Finance Magnates, citing an official announcement, the Cardano Foundation went through a “mandatory […]

There are few people in crypto who can lay claim to having founded three successful ventures in the space. Even fewer can claim to be driving the technical vision of a top project while living on a horse ranch in Boulder, Colorado.  

Cardano founder Charles Hoskinson called Facebook an “economic monopoly” and believes that his cryptocurrency will be able to outcompete libra in digital markets. He also provided an update for Shelley, and claimed the new blockchain protocol would go live by the end of 2019. 

The developers behind Cardano (ADA) have recently released a testnet that’ll allow the cryptocurrency’s users to start testing the mechanisms that’ll allow them to stake the cryptocurrency in the upcoming Shelley upgrade.

Charles Hoskinson, the founder of Cardano (ADA) and the CEO of IOHK, has recently announced the launch of an enterprise blockchain framework that aims to help millions of people in Africa, and will launch a cryptocurrency in collaboration with the Ethiopian government.

ADA continues in a range-bound market in its long-term outlook. The lower demand area of the range at $0.07000 was broken on 25th April.

The price of Cardano is in a bearish trend. The crypto’s price had in the last two weeks traded between the levels of $0.0800 and $0.0900 in a tight range. On April 19, the bears broke the lower price range and it is approaching the support at $0.069 77 price level.

Cardano’s ADA is in a range-bound trend in its long-term outlook. The bears kept on pushing the cryptocurrency’s price down, as predicted last week. The cryptocurrency closed the week at $0.07497 in the demand area.

The price of Cardano is now in a range bound movement. The bulls had failed to break the $0.0910 resistance level in the last two weeks. The crypto’s price is now in a tight range between the levels of $0.0800 and $0.0900.

ADA is in a range-bound market in its long-term outlook. The strong bullish momentum that started the month was lost on 3rd April

The price of Cardano had been in a bullish trend since March 9.  The price has appreciated from $0.0420 to the high of $0.0910. Yesterday, the bulls were resisted as price tested the $0.0900 resistance level.

ADA continues in the uptrend in its long-term outlook. The strong bullish momentum was sustained during last week trading session with the target at $0.10000 in the supply area attained on 3rd April

On March 9, the price of Cardano commenced a bullish trend. The bulls took price to a high at $0.1018 but were resisted. The bullish trend line is drawn to determine the continuity of the bullish trend.

ADA continues in the uptrend in its long-term outlook. The strong bullish momentum was sustained with a retest at $0.07000 on 29th March in the supply area as predicted in last week analysis

The price of Cardano is in a bullish trend. On March 9, the crypto’s price commenced a bullish trend as it broke the 12-day EMA and the 26-day EMA to reach the bullish trend zone. The bulls took the price from its low at $0.042 to $0.066.

In the long-term, Cardano (ADA) appears to be in a bullish trend, as strong pressure has seen its price make three attempts to break the upper area of its range at $0.052, before a breakout occurred on March 19.

The price of Cardano is now in a bullish trend. On February 24, the crypto’s price was in a tight range between the levels of $0.040 and $0.045. The bears broke the 12-day EMA and the 26-day EMA as the price fell to the lower price range of $0.40.

ADA remains in a range-bound market in its long-term outlook. The bullish pressure was sustained within the range as predicted in the last article with the breaking of the upper supply area at $0.05200.

Charles Hoskinson, the founder of Cardano (ADA), a decentralized public blockchain network for building smart contract-based applications, recently noted that the US national debt has now surpassed $23 trillion and that he thinks American leadership is becoming “more and more incompetent.” 

The ADAUSD pair was in a bullish trend. On March 9, the bulls broke the 12-day EMA and the 26-day EMA as the crypto’s price reached the bullish trend zone. The crypto’s price reached a high of $0.048  and was resisted.

ADA continues in a range-bound market in its long-term outlook. The formation of a bullish engulfing candle at $0.04330 on 9th March after the bearish spinning top of the previous day signalled the bullish takeover within the range

On February 24, a bearish candlestick broke the 12-day EMA and the 26-day EMA as the price of ADA fell to a low of $0.41. Currently, the price of Cardano is trading between $0.040 and $0.045. The crypto’s price is trading in a tight range it is neither in a bullish nor in a bearish trend.

ADA continues in a range-bound market in its long-term outlook. The impact of the large bearish engulfing candle of 24th February remains till this new trading week.

Charles Hoskinson, the CEO at Input Output HK (IOHK), a research and development (R&D) company focused on the development of cryptographic algorithms and distributed systems, has said that the Ethereum Classic (ETC) project may indirectly help the Ethereum (ETH) network by allowing it more easily transition from proof-of-work (PoW) to proof-of-stake (PoS)-based consensus.

On February 17, the price of Cardano (ADA) was in a bullish trend, as it reached a high of $0.049. On February 24, it was in a bearish trend as the crypto was resisted in the upper level of its range, which saw the bears then break both its EMAs. ADA fell to a $0.041 low.

ADA remains in a range-bound market in its long-term outlook. The bullish momentum was lost within the range at $0.04998 in the supply area as indicated by wicks in the daily candle.

Muneeb Ali, the CEO and co-founder of BlockStack, a leading “decentralized computing platform” focused on “working towards taking the internet back to its decentralized roots”, has argued that “massively scalable distributed systems are extremely well-studied.”

 The price of Cardano has been range bound since November 26. The crypto’s price is range bound between the levels of $0.035 and $0.055. On November 26, 2018, the lower price level was formed when the bears fell to low the $ 0.035.

ADA continues in a range-bound market in its long-term outlook. The bullish momentum was back at the beginning of the trading week

Last week, February 8, the price of Cardano was in a bullish trend. The bulls broke the 12-day EMA, the 26-day EMA, and the bearish trend line. The cryptocurrency rose to the high of $0.04200 but price made a pullback to the low of $0.04000.

ADA remains in a range-bound market in its long-term outlook. The strong bearish pressure successfully broke the lower demand area at $0.03800 of the range on 6th February

The price of Cardano had been in a bearish trend since September 6, 2018. A bearish trend line is drawn to show the resistance level where traders could have made short trades. Another peculiar thing is that the trend had not been broken.

ADA remains in a range-bound market in its long-term outlook. The strong bearish pressure continued within the range despite the push to $0.04143 in the supply area by the bulls on 31st January.

The price of Cardano is currently in a bearish trend. Since January 13, the crypto’s price has been in a sideways trend up till January 26. On January 27, the bears broke the 12-day EMA,  the 26-day EMA  and the price fell to the $0.0400 price level.

ADA continues in a range-bound market in its long-term outlook. The momentum to the downside was sustained within the range in the past week as predicted with ADAUSD reaching $0.04107 in the demand area.

Since January 13, the price of Cardano had been in a sideways trend. On January 13, the crypto fell and closed at a price of $0.0400. Then the crypto’s price commenced its fluctuations below and above the horizontal line.

ADA remains in a range-bound market in its long-term outlook. The bullish pressure from the railroad of 14th January resulted in a rally week that saw ADAUSD up at $0.04833 in the supply area on 19th January.

Yesterday, the price Cardano was in a bullish trend. On January 10, the bears broke the 12-day EMA and 26-day EMA and fell to the low of $0.0390. The  $0.0390 price level is now the support level for the cryptocurrency.

ADA continues in a range-bound market in its long-term outlook. The large bearish engulfing candle at $0.053001 returned ADAUSD back to the range as price dropped initially to $0.04291 on 10th January.

On January 9, ADAUSD pair was in a bullish trend. This will be the first time this month we have an uptrend testing the resistance at $0.055 price level. The last uptrend was on December 23, last year, that was terminated by a Gravestone Doji candlestick.

ADA continues in a range-bound market in its long-term outlook. The bulls continue to exercise control within the range from the new year after the bullish railroad formation.

On December 24, ADAUSD pair had been ranging above the $0.040 price level. On the same date, a Gravestone Doji reversal candlestick terminated an uptrend which made the crypto to fall to the low of $0.0370 but price pulled back to the high of $0.042.

Presently, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

The price of Cardano is now in a bullish trend; as the crypto’s price broke the 12-day EMA and the 26-day EMA. Yesterday, December 19, the price of Cardano pullback after it was resisted at the $0.035 price level.

ADA is in a bearish trend in its long-term outlook. The bearish pressure from $0.03226 in the supply area was lost after ADUSD dropped to $0.02781 in the demand area on 15th December as the daily candled closed as a doji.

The price of Cardano is in a sideways trend. On December 7, the price of Cardano fell to the low of $0.029 and commenced a range bound movement. The crypto’s price is fluctuating above the $0.029 price level.

ADA continues in its bearish trend in its long-term outlook. The pressure to the downside was sustained by the bears after confirmation of takeover at $0.03779 on 5th December

The ADAUSD pair was in a sideways trend as the price reach the oversold region of the market. Presently, the price of ADA fluctuates between the levels of $0.031 and $0.045. On November 26, the crypto fell the low of $0.031 which was the lower price range.

Four companies—Ripple, EMURGO (Cardano), NEM Foundation, and Fetch.AI—have become the founding members of a new association called “Blockchain for Europe” that aims to create a unified voice for the distributed ledger technology (DLT) industry for its discussions with Europe’s policymakers.

Since April 2018, the market capitalization of the EOS and the Cardano platforms have dropped considerably from $4.6 billion and $4 billion to approximately $2.8 billion and $1 billion, respectively – according to CryptoCompare data. Although the sharp decline in the prices of both EOS and Cardano’s ADA tokens may largely be attributed to the overall drop in the market cap of all cryptoassets, both projects have not met the expectations of many.

ADA remains in a bearish trend in its long-term outlook. The strong bearish pressure remains consistent after the break and close below the key demand level at $0.06300 on 16th November.