The bulls have held the immediate support level on most major cryptocurrencies, which is a positive sign. This suggests that the sentiment is to buy the dips.
Cardano
Cardano is a platform for maintaining the operations of Ada cryptocurrency. The platform is multilayered and gives the system the elasticity to be easily maintained and upgraded with a soft fork.
Cardano uses a Proof-of-Stake system, reducing the amount of electricity requirements and improving its scalability. The second feature of Cardano is its Recursive InterNetwork Architecture that allows for the existence of a subnetwork within a main network, which also makes it easier for a network to grow.
Cardano aims to become an “Internet of Blockchain,” making it possible for all cryptocurrencies to exist side by side and be converted from one to another without intermediaries. Cardano will also allow users to attach metadata to their transactions if they want to, making the network friendlier to banks and governments.
- Price Analysis
- Price Analysis
Traders are taking a break after the most recent volatility which suggests that most major cryptocurrencies will remain range-bound for the next few days.
- Price Analysis
The correction in most major cryptocurrencies is shallow, which suggests that the up move is likely to continue within the next few days.
- News
Charles Hoskinson, co-founder and CEO of IOHK, the firm behind Cardano, said that he expects the coin to see a hard fork in mid-February.
- News
The Cardano blockchain’s commercial arm, Emurgo, has partnered with the government of Uzbekistan to form a blockchain task force.
- Price Analysis
Profit booking seen at higher levels. However, if the major cryptocurrencies can bounce off their strong support levels, it will indicate strength.
- News
by Joeri Cant
Within less than 24 hours since Cardano’s testnet went live, ADA holders staked more than 5 billion ADA coins, worth around $195 million.
- Price Analysis
A rally could be on the cards as Bitcoin continues to lead the market and a few altcoins attempt to form a higher low.
- Price Analysis
A few of the top performers of the past seven days are showing strength. This suggests that select cryptocurrencies can offer buying opportunities.
- News
by Helen Partz
Developed by the Cardano Foundation and Coti, the solution allows merchants to accept ADA payments with settlement in 35 fiat currencies.
- News
Ethereum co-founder turned Cardano creator Charles Hoskinson said that he expects Bitcoin to be back over $10,000 and reach $100,000 in the future.
- Price Analysis
Bitcoin’s bearish price action has led many traders to set their sights on altcoins and this week a handful of tokens added notable gains.
- Market Analysis
Bitcoin’s recent 42% rally may have prepared altcoins for a new upcycle.
- News
Ethereum co-founder turned Cardano creator Charles Hoskinson believes that if Bitcoin fails, the entire cryptocurrency industry could fail.
- Market Analysis
Will the first signs of recovery in altcoins sustain or turn out to be a dead cat bounce? Let’s study the charts.
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