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Cardano

Cardano (ADA) Holders Sit Tight, Dampening Price Rally Hopes
16Apr By OLAJIDE SAMUELNo Comments
Cardano

Cardano (ADA) Holders Sit Tight, Dampening Price Rally Hopes

Cardano's long-term investors are holding onto their tokens, potentially hindering a significant price upswing for ADA in the short term. This is according to an analysis by AMBCrypto, which looked at on-chain data from Santiment. Long-Term Holders Keeping ADA Out of Circulation The Mean Dollar Invested Age (MDIA) is a metric that indicates the average age of coins in circulation. A decreasing MDIA suggests investors are moving their tokens, potentially for trading. Conversely, an increasing MDIA signifies long-term holders keeping their assets off the market. Read Also: Cardano 28,372% Surge, What Does It Mean For Cardano? Cardano's 90-day MDIA jumped to 269 on April 15th, reflecting a decrease in network activity. Historically, this trend has correlated with a stagnant ADA price....
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Cardano 28,372% Surge, What Does It Mean For Cardano?
16Apr By Daniel AbangNo Comments
Cardano

Cardano 28,372% Surge, What Does It Mean For Cardano?

Cardano (ADA) has seen an uncommon flood in large holder inflows, a metric that tracks funds going into whale addresses. This denotes a huge improvement in Cardano's journey to keep up with its position among the top 10 digital currencies by market capitalization. As per information from IntoTheBlock, Cardano (ADA) is seeing a stunning 28,372% flood in large holder inflows, which soared from 54.93 million ADA on April 13 to 6.32 billion ADA on April 14. Large holders' inflows could show that significant purchasing action is occurring. This is the case since whale tends to purchase on centralized exchanges and subsequently move their buys to cold storage. Read Also: Grant Thornton Pensions Fund Selects Cardano as Fiduciary Manager Spikes in Huge Holders Inflows can likewise dem...
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Grant Thornton Pensions Fund Selects Cardano as Fiduciary Manager
15Apr By Tolulope ZaccheausNo Comments
Cardano

Grant Thornton Pensions Fund Selects Cardano as Fiduciary Manager

The Grant Thornton Pensions Fund, with £250 million in assets under management, has chosen Cardano as its fiduciary manager following a competitive selection process. Cardano will now handle investment advice, investment management, and risk management services for the pension scheme on behalf of its principal employer, professional services firm Grant Thornton. Read Also: Cardano Takes a Leap Forward with Hydra v.0.16.0 Launch Focus on Matching Liabilities and Delivering Steady Returns Cardano will employ a two-pronged approach to manage the Grant Thornton Pensions Fund. First, they will implement a segregated liability-driven investment mandate specifically designed to match the scheme's liabilities. Second, Cardano will create a dynamically-managed growth portfolio to ensure consis...
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Cardano Takes a Leap Forward with Hydra v.0.16.0 Launch
15Apr By OLAJIDE SAMUELNo Comments
Cardano

Cardano Takes a Leap Forward with Hydra v.0.16.0 Launch

Cardano's development team continues to push the boundaries of blockchain technology with the launch of Hydra v.0.16.0, a significant step towards unparalleled scalability and lower transaction costs. This update aligns with Cardano's roadmap, specifically the "Basho" stage, which prioritizes network scalability to accommodate the blockchain's anticipated growth. Read Also: Ripple (XRP) Slumps Alongside Market, But Bullish Analyst Foresees 1000%-3000% Gains Enhanced Capabilities with Hydra v.0.16.0 The latest Hydra version signifies tireless efforts by Cardano developers to bolster the network's infrastructure. Key features of v.0.16.0 include support for the new Conway block format and compatibility with Cardano-node v.8.9.0. To ensure seamless integration with the modified Hydra...
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Cardano Poised for Takeoff? Analyst Predicts Bullish Run and Price Surge
13Apr By Kayode Oke MichaelNo Comments
Cardano

Cardano Poised for Takeoff? Analyst Predicts Bullish Run and Price Surge

Cardano (ADA) is attracting attention with whispers of a bull run brewing in the coming months. As the altcoin market rallies, Cardano is poised for a "supersonic recovery" in 2024, according to some analysts. This optimism stems from Cardano's impressive 280% surge in February 2021, showcasing its potential for significant gains. However, despite strong momentum and a potential climb above $1, a lingering question persists: "Is Cardano Dead?" Read Also: Shiba Inu on Sale: Investors Aim for Big Gains Despite Market Dip Cardano Price Prediction: April 2024 ADA's price recently dipped from a high of $0.68, forming a falling wedge pattern on the daily chart. However, a recent market rebound has positioned ADA for a potential breakout. A key turning point came when ADA's price b...
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Cardano Gets a Boost: EMURGO Partners with Huawei Cloud
13Apr By OLAJIDE SAMUELNo Comments
Cardano

Cardano Gets a Boost: EMURGO Partners with Huawei Cloud

Cardano (ADA) enthusiasts have reason to celebrate as EMURGO, a founding entity of the Cardano protocol, joins forces with tech giant Huawei. This strategic partnership aims to strengthen Cardano's network presence and enhance its cloud-based blockchain solutions. Powerful Cloud Infrastructure Meets Innovative Blockchain The centrepiece of the collaboration involves Huawei Cloud adding support for a Cardano validator node. This brings Huawei's vast cloud infrastructure into the Cardano ecosystem. Developers will now leverage this powerful resource to build scalable and interoperable Web3 solutions on the Cardano blockchain. This is expected to drive significant growth and adoption in key regions like Asia-Pacific and Africa. Read Also: XRP Price Poised for a Surge? Analyst Makes Bulli...
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Exclusive: Insights from the Latest Crypto Price Analysis of ETH, XRP, ADA, SHIB, and DOGE
12Apr By Kayode Oke MichaelNo Comments
Cardano, Cryptocurrency, Dogecoin, Ethereum, Ripple News, Shiba Inu

Exclusive: Insights from the Latest Crypto Price Analysis of ETH, XRP, ADA, SHIB, and DOGE

In this week's analysis, we will look deeper into the technical aspects of some of the most popular cryptocurrencies in the market with the aim to provide expert insights on the performance, features and potential of these digital assets taking into consideration their underlying technologies, developmental roadmap and market trends Ripple (XRP) XRP has been stuck in a range between 54 cents and 68 cents. This week, the price increased by 5%, but it lacks the momentum to challenge the key resistance. At present, XRP is hovering around 60 cents, placing it in the middle of this range, and more sideways price action is expected in the future. XRP has struggled to attract market participants' attention, which is reflected in its price action that has lacked clear momentum for months. A b...
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The Ultimate Ranking: TON’s Journey Into the Top 10, Leaving ADA and Pro-XRP Lawyers Behind
9Apr By Kayode Oke MichaelNo Comments
Cardano, Cryptocurrency

The Ultimate Ranking: TON’s Journey Into the Top 10, Leaving ADA and Pro-XRP Lawyers Behind

In recent news, the cryptocurrency market has been abuzz with the sudden rise of TON, a lesser-known cryptocurrency that has climbed up the ranks to secure a spot in the top 10 cryptocurrencies by market capitalization. TON's recent surge of over 20% in the past 24 hours has pushed its market cap to $23.75 billion, placing it in the 9th position and surpassing the well-known cryptocurrency Cardano, which stands at $21.74 billion. TON Rises into Top 10 However, this unexpected rise of TON has raised questions about the stability of ADA's position in the rankings and has become a cause of concern for some investors. Bill Morgan, a pro-XRP lawyer, recently took to Twitter to highlight TON's rise and its potential impact on ADA's standing in the market. Read Also: Cardano Price Prediction...
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Cardano Price Prediction: Bullish Targets Up to $9.71 Envisioned by Cardano Ghost Fund Co-founder
8Apr By CryptolifedigitalNo Comments
Cardano

Cardano Price Prediction: Bullish Targets Up to $9.71 Envisioned by Cardano Ghost Fund Co-founder

Cardano (ADA) enthusiasts have reason to cheer, with Chris, co-founder of Cardano Ghost Fund, outlining two potential price scenarios for ADA during the ongoing crypto bull run. These scenarios paint a rosy picture, with targets ranging from $7.77 to a more ambitious $9.71. Read Also: Terra Classic (LUNC) Price Prediction: Potential Surge After Bitcoin Halving? Playing it Safe: $7.71 Target Chris emphasizes that these predictions are for entertainment purposes only and shouldn't be taken as financial advice. His first scenario, considered conservative, hinges on the overall crypto market's direction. Currently, the global crypto market cap sits at $2.61 trillion, significantly below its November 2021 peak of $3 trillion. This discrepancy is largely due to altcoins lagging behind Bitc...
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Cardano Price Surge: $10 and $20 Targets Eyed by Analysts, But Timelines Extended
7Apr By CryptolifedigitalNo Comments
Cardano

Cardano Price Surge: $10 and $20 Targets Eyed by Analysts, But Timelines Extended

Cardano (ADA), a leading cryptocurrency, has seen its price drop recently, mirroring a broader market correction. Despite the slump, there's optimism within the Cardano community, with some analysts predicting significant price increases in the coming years. Cardano's Recent Price Dip The past week hasn't been kind to Cardano. Its price fell by 11.1% and has declined by 19.7% since last month. However, prominent market watchers remain bullish on ADA's future, with some projecting double-digit price tags – $10 and even $21 – being tossed around. Projected Timelines for the Surge Analysts at Changelly have revised their previous prediction of ADA reaching $10 by December 2030. Citing the recent market correction, they've pushed the timeline back to March 2031. Their forecast suggests a m...
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