Bitcoin and most major altcoins are on the verge of starting a deeper correction, which will signal that a short-term top may be in place.
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.
Bitcoin and most major altcoins are struggling to find bullish momentum, a possible signal that prices could continue to erode.21873
The move surprised some users as ADA has not been typically on regulators' radars as of late.59765
As part of its partnership with the Near protocol, Ardana will build a bridge for asset transfer between Cardano and NEAR.9944
Bitcoin and most major altcoins have turned down from their respective overhead resistance levels, indicating that the short-term sentiment has turned negative.29601
Bitcoin and most major altcoins are attempting a recovery, but higher levels are still likely to attract strong selling.60751
Bitcoin and most major altcoins are attempting to hold above their immediate resistance levels, a sign that bulls could be buying on each dip.43368
Metaverse gaming tokens, including The Sandbox’s SAND and Axie Infinity’s AXS, have bucked the downtrend in Bitcoin and Ether.22322
Institutional traders have locked $56 billion into Bitcoin investment products after inflows totaled $97.5 million last week.8247
Bitcoin and large-cap altcoins are meeting strong overhead resistance, which could be a signal that bears are attempting to stall the next upward move.36272
More African countries are considering adopting Bitcoin as the local crypto market surges over 1,200% in one year.4266
With NFTs and blockchain technology, artists are empowered to monetize the secondary market and eliminate ticket fraud.5371
Bearish pressures mount against Bitcoin price and this could lead to sharp short-term pullbacks in the prices of many altcoins.37053
Bitcoin’s new all-time high at $69,000 and Ether’s slow climb toward $5,000 are clear signals that bulls are in control and a hint that altcoins intend to follow.39299
Bitcoin and Ethereum are taking full control of the market and technical analysis shows altcoins intend to keep pace with the top 2 cryptocurrencies.43039