Growing concerns over rising U.S. Treasury yields are putting pressure on global financial markets and possibly dragging cryptocurrency prices lower.
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.
Cardano is soaring, though Ada's price still has a long way to go to beat its record high vs. Bitcoin.19259
Bitcoin and most major altcoins remain rangebound with the exception of Cardano.13593
The open interest for ADA futures rose to $580 million, flipping Litecoin to become the third-largest derivatives market.35464
Cross-chain interoperability and lucrative DeFi yield opportunities appear to be supporting the price recovery in Cardano, Matic and Stacks.47847
Bitcoin price is attempting to flip the $50,000 level back to support, while many altcoins are capitalizing on BTC's consolidation by moving higher.42654
Bitcoin and altcoins both saw a strong bounce off their intraday lows, which signals that traders still view dips as buying opportunities.62955
The second-biggest cryptocurrency is only the fourth-ranked staking network, but it’s looking to catch up to the rest.70249
Bitcoin’s rally to a $1 trillion market cap could attract more buyers to the crypto sector and boost the price of several altcoins.84967
Kiss bassist Gene Simmons has again taken to Twitter to shill his crypto holdings, claiming to have now invested in Cardano.37149
Bitcoin price has posted a new all-time high today, and that may pull select altcoins higher.89633
The sharp recovery in major altcoins and Bitcoin suggests the uptrend remains intact.94137
Cardano’s Mary upgrade and token gains are poised to compete with Ethereum, while metrics suggest that Ethereum is still king.106906
The price of ADA has surged by 170% in February to new all-time highs in U.S. dollars.49551
Altcoins are soaring to new highs while Bitcoin price trades in a sideways range near the $47,000 support.76663