Bitcoin and altcoins are in a strong relief rally, but overhead resistance levels and expected comments from the Federal Reserve could impact the recovery.
Cardano is a blockchain-based smart contract platform that aims to compete against similar platforms such as Ethereum, Tezos, and EOS, among others, through a more modular, layered protocol that runs on a proof-of-stake consensus algorithm called Ouroboros.
Identifying itself as a third-generation blockchain and cryptocurrency system following Bitcoin and Ethereum, Cardano’s development is quite different from its competitors in that it is heavily informed by theoretical, peer-reviewed research before implementation in software.
Its native cryptocurrency, ADA, is named after Ada Lovelace, a 19th-century writer and mathematician who has been referred to as the world’s first computer programmer.
Cardano’s development is backed by three companies: IOHK, a blockchain R&D company founded by Charles Hoskinson and Jeremy Wood; the Cardano Foundation, a nonprofit dedicated to Cardano adoption and development; and Emurgo, a venture capital firm based in Japan.
DeFi enthusiasts might finally have a reason to move away from Ethereum.3140
''Get your shit together!" said Cardano founder Hoskinson to developers behind the two projects.22193
Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce.11646
Bitcoin and most major altcoins are close to breaking below critical support levels and traders’ reluctance to buy in the current range could exacerbate the sell-off.27559
The first DEX on Cardano launched on the mainnet to allow traders to perform swaps and add liquidity, but network congestion has slowed transactions processing.21478
Sell pressure on BTC and altcoins is beginning to alleviate, but data suggests that it’s too early to call for a reversal.15416
ADA bulls cranked the price higher as excitement mounts over the upcoming SundaeSwap DEX launch.36794
Before investing your valuable resources, you should assess blockchain projects based on various factors, including community, use case, the team behind it, longevity, etc.7792
Bitcoin and most major altcoins took a turn for the worse after BTC price dipped below $42,000.18335
It may be all quiet on Jan. 17 in the absence of Wall Street, but Bitcoin markets might not stay that way for long.21458
Right now, bulls are buying each dip and bears are selling the top of each rally, suggesting that BTC and altcoins will remain range-bound for some time.19466
Bitcoin and most major altcoins have started a strong recovery that could reach overhead resistance levels where bears may mount a strong defense.14984
Buyers stepped in to buy BTC’s dip to $39,650, but there are signs that the market-wide correction might not be over.24391
Bitcoin's drop in the first ten days of 2022 is still less disappointing than some of its top crypto rivals that have fallen much harder.28153