ADA's price crashed the last time its futures open interest reached $1 billion, leading traders to question whether or not it is about to happen again.
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 is showing signs of topping out but many altcoins remain strong, a signal that the decoupling between the two is likely to continue for a few more days.26363
Bitcoin remains on slippery ground and the completion of a bearish candlestick pattern signals that further downside is possible for BTC and altcoins.58265
The third-largest altcoin is following its own bullish path with new dollar all-time highs and a three-year high against Bitcoin.38482
Ethereum's increasing dominance has kept traders focused on altcoins but Bitcoin's struggle to hold above $59,000 could send the entire market tumbling.70664
Bitcoin is still stuck in a predictable range below Binance Coin, Cardano, Litecoin and Chainlink have formed bullish patterns suggesting further upside in them.93104
With a value of nearly $58 billion, ADA has flipped Tether in the market cap rankings.60563
Alt season is here? ETH, DOGE and other altcoins rally to new highs as DeFi and Ethereum’s London hard fork promise further growth.38382
Altcoins continue to rally higher and Bitcoin's repeat tests of the $58,000 level signal that bulls are building momentum.71192
The current "alt season" has produced serious returns but remains subdued when viewed in BTC terms.71140
Bitcoin is trying to stage a comeback in order to catch up with the spectacular price action seen in Ethereum and other altcoins.78453
Ethereum and a handful of altcoins have charged higher while Bitcoin struggles to find enough momentum to clear the $58,000 level.94874
After days of range-bound action, Bitcoin and many altcoins made a strong comeback today, indicating buying at lower levels.94799
Blockchain technology will be used to enhance the educational experience of five million students and 750,000 teachers across the east African nation.15218
The University of Wyoming is embracing cryptocurrency staking as an innovative way to raise revenue.22185