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Tag: Cardano dApp

Cardano (ADA): Can it Overcome Challenges and Reclaim its Position?
17Apr By Daniel AbangNo Comments
Cardano

Cardano (ADA): Can it Overcome Challenges and Reclaim its Position?

Cardano (ADA), a prominent blockchain platform, faces scrutiny from Forbes advisors regarding its potential for growth in 2024. While initially lauded for aiming to address the limitations of Ethereum, Cardano's future appears uncertain due to the emergence of Ethereum layer-two solutions. Cardano's Underperformance and Supply/Demand Analysis The analysis highlights Cardano's underperformance, noting an 85% drop from its 2021 peak. To assess its 2024 prospects, factors like supply, demand, market sentiment, and competition were examined. Read Also: Cardano (ADA) Sees Major Investor Influx, Poised to Reclaim Top 10 Crypto Spot? On the supply side, with over 35.25 billion ADA in circulation (78% of the max supply), there's seemingly ample room for growth. However, the token issuance ...
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Cardano (ADA) Sees Major Investor Influx, Poised to Reclaim Top 10 Crypto Spot?
17Apr By OLAJIDE SAMUELNo Comments
Cardano

Cardano (ADA) Sees Major Investor Influx, Poised to Reclaim Top 10 Crypto Spot?

  Cardano (ADA), a leading blockchain platform, is experiencing a surge in interest from major investors, potentially impacting its position among the top 10 cryptocurrencies. Data shows a dramatic rise in large holder inflows for Cardano. These inflows jumped from 54.93 million ADA to a staggering 6.32 billion ADA within a single day, signifying a massive 28,372% increase. This movement suggests significant buying activity from whales, who often transfer their crypto holdings to secure wallets after exchange purchases. Read Also: Shiba Inu: Down But Not Out? Analyst Predicts Recovery Despite Market Woes Historically, such spikes have coincided with price bottoms, indicating whales might view current prices as good entry points following recent market corrections. Indeed, ...
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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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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 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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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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Cardano Price: Bearish Sentiment But Bullish Potential
5Apr By CryptolifedigitalNo Comments
Cardano

Cardano Price: Bearish Sentiment But Bullish Potential

Cardano (ADA), along with most other cryptocurrencies, has felt the sting of Bitcoin's recent slump. ADA's price dropped over 12% in the last week and 3% in the last day, currently trading around $0.57. This has led to bearish market sentiment, reflected in declining weighted sentiment on Santiment. However, there's a glimmer of hope for ADA bulls. Cardano Dapp Analyst points out that historically, ADA took 90 days to follow Bitcoin's previous all-time high (ATH). With Bitcoin reaching a new ATH just days ago, a similar trend could see ADA initiate a bull run soon. Read Also: Pepe Coin Consolidates After Price Dip, Eyes Gains Before Bitcoin Halving On-chain metrics also offer some bullish signals. The MVRV ratio, currently at -23.6%, often precedes trend reversals. Additionally, t...
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Cardano Community Falls for April Fool’s Prank, But Elon Musk Joins the Fun with Disney Joke
2Apr By OLAJIDE SAMUELNo Comments
Cardano

Cardano Community Falls for April Fool’s Prank, But Elon Musk Joins the Fun with Disney Joke

Cardano enthusiasts were briefly thrown into a frenzy on April 1st after a community-driven account, Cardano Feed, shared a seemingly innocuous screenshot. The image suggested tech mogul Elon Musk had begun following their account, sparking speculation of a potential endorsement for Cardano's ADA token. Read Also: Xumm Ends XRP Burn for XAH Minting on Xahau Sidechain https://twitter.com/CardanoFeed/status/1774725933989048470 Comments flooded social media, with users expressing excitement at the prospect of Musk's influence. Some saw it as validation for Cardano, while others even entertained the idea of Musk shifting his focus from Dogecoin (DOGE) to ADA. However, the jubilation was short-lived. The reveal came swiftly - the screenshot was a clever April Fool's Day prank by Car...
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Cardano’s Impressive Performances Spark Enthusiasm for 2024 Amidst Market Predictions
27Nov By Adaralegbe Tosin MNo Comments
Cardano

Cardano’s Impressive Performances Spark Enthusiasm for 2024 Amidst Market Predictions

Cardano (ADA), the eighth-largest cryptocurrency by market capitalization, has been turning heads with notable performances, fueling anticipation for potential growth in 2024. Recent data from CoinGecko, a prominent cryptocurrency tracker, reveals bullish trends for ADA, showcasing a 30.2% increase in the past month and a substantial 21.9% rise compared to the previous year. With 2023 drawing to a close, many crypto enthusiasts are eyeing 2024 as the year for a potential explosive surge in Cardano's price. Seeking insights into this forecast, we turned to ChatGPT, an artificial intelligence chatbot known for its applications in various fields, including the evolving crypto sphere. Read Also: TerraClassicUSD (USTC) Experiences Meteoric Surge, Market Capitalization Skyrockets to $571 M...
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