Bitcoin price descends to new lows, dragging altcoins down with it just days before the long-awaited BTC supply halving.
Cardano (ADA) Crypto 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.
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Bitcoin is finding it difficult to sustain the relief rally, which could put pressure on several altcoins in the near term.
5590Bitcoin's correction deepened as BTC price fell to $65,000, and altcoins were hit with double-digit losses.
9969ADA price remains in a downtrend as a handful of factors weigh on the altcoin.
1483Bitcoin is witnessing a tough battle between the bulls and the bears near the $69,000 level with buyers holding a slight edge.
5286After pushing out Cardano’s ADA, TON became the ninth-largest cryptocurrency by market cap. Can it maintain momentum to surpass Dogecoin next?
4978Bitcoin’s range break above the $70,000 level boosted altcoin prices and hints at the possibility of a new BTC all-time high.
4845The Cardano founder is fighting FUD again following a BitBoy video claiming ADA is dead.
8668Bitcoin remains locked in a battle near the $69,000 mark, which may extend for a few more days.
8683The proceeds from the sold tokens were used to buy existing portfolio components, according to Grayscale. Both ADA and ATOM are down year-to-date.
14390Bitcoin is likely to remain range-bound for a few days as the bulls and the bears battle it out for supremacy before the halving.
7590Bitcoin and select altcoins rallied sharply in Q1 2024, but the near term may witness a correction.
4032Bitcoin is struggling to sustain above $70,000, indicating that the long-lasting rally could be tiring out.
10563Bitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.
7872Bitcoin has risen above $70,000, indicating that the bulls are back in the driver’s seat.
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