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