Bitcoin's defense of the $38,000 level and renewed interest from institutional investors could be a sign that the bull trend is resuming.
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.
Smart contract deployment picks up the pace on Cardano’s testnets for the Alonzo, as project leadership says progress is still on track despite delays.22813
Traders are hopeful that Bitcoin’s bounce from $29,000 to $40,000 and the strong rally seen in altcoins is a signal that the bull market has resumed.25835
Data from Delphi Digital shows holding BTC and ETH was more profitable than investing in weighted average market cap crypto and DeFi index funds.33844
Bitcoin and most major altcoins are meeting resistance at higher levels but the bearish sentiment of the last two months seems to be reducing.12269
The strong recovery in Bitcoin and altcoins shows there is aggressive buying at lower levels but bears are unlikely to give up without a fight.26578
Analysts and traders prepare for the worst after Bitcoin price broke below $31,000 and triggered a sell-off in major altcoins.29147
The Alonzo White testnet brings NFTs and various DeFi use cases one step closer for Cardano.29455
Bitcoin bulls defended the $31,000 level again, but data shows demand for BTC and altcoins is weak and this heightens the chase of further downside.31728
Bitcoin and most major altcoins are bouncing off strong support levels, indicating possible accumulation by the bulls.22452
Bitcoin price is drifting lower, pulling altcoins to critical support levels and testing the resolve of traders who were looking for a bullish reversal.35390
Technical indicators and Bitcoin’s tightening price range suggest that a sharp, trend-changing breakout in BTC and altcoins is brewing.48038
Altcoin prices are moving higher as Bitcoin price holds a pattern of daily higher lows, a sign that the downtrend could be coming to an end.23007
Altcoins continue to move higher as Bitcoin trades in a predictable range but it’s still too early to know if the market is flashing any strong buy signals.17420
Bitcoin, the so-called king of cryptocurrencies, has seen its popularity decline among U.S.-based eToro users over the past 12 months. Despite more volatility, altcoins are growing in popularity.9441