Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products.
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.
Altcoins show compelling technical setups after Bitcoin price blew past $42,000 on December 4.6054
Ethereum’s price rally toward $2,100 is driven by new developments in the layer-2 space and investors’ anticipation of a spot BTC ETF.13412
Bitcoin price hit a new 2023 high on Dec.1 and multiple altcoins are following suit. Is the crypto market preparing for a Santa Claus rally?7981
Charles Hoskinson took a jab at the perceived inconsistency in applying decentralization standards by the U.S. SEC.2831
Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000.4825
Bitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels are likely to attract buyers.3935
Bitcoin has risen above $38,000, clearing the path for a rally higher. Will altcoins follow?8014
The Cardano founder claimed that crypto entrepreneurs must comply with regulations or use completely decentralized systems in the future.18626
The sharp rebound in Bitcoin and select altcoins suggests that bulls remain in charge and continue to buy at lower levels.4973
The weakness in the U.S. Dollar Index suggests that risky assets such as Bitcoin and the S&P 500 Index may remain in favor of the buyers.6029
Bitcoin and select altcoins are showing strength, a possible sign that the bull trend has resumed.8850
Bitcoin opened the week with a shallow correction, but altcoin traders seem unaffected by the slight BTC price pullback.5742
Bitcoin and Ether are leading the cryptocurrency markets from the front, but the risk of a short-term pullback remains.8471
Three key data points highlight the 60-day strength shown by altcoins.5035