Cardano Foundation Archives - Cryptolifedigital

Cardano on the Rebound: Analyst Predicts $1 Target After ABC Wave Completion

23Apr

By OLAJIDE SAMUELNo Comments

Cardano

Cardano on the Rebound: Analyst Predicts $1 Target After ABC Wave Completion

Cardano (ADA) is showing signs of life after a brutal price crash in the last two weeks that mirrored the broader market correction. Analysts are cautiously optimistic about a sustained recovery, with one analyst, CobraVanguard, predicting a bullish run towards $1. Cardano Emerges from ABC Wave Pattern The recent market downturn, triggered by Bitcoin's plunge, forced Cardano and other altcoins into a dreaded ABC wave pattern. This technical indicator is known for causing significant price drops, often exceeding 50%. Read Also: XRP Poised for Bullish Run? Analyst Predicts Surge Based on Support and Legal Resolution CobraVanguard dissects the ABC wave in Cardano's recent price action. Wave A represents the initial fall from $0.8 to $0.57, followed by a corrective bounce (Wave B) to $...

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...

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...

Cardano (ADA) Sees Surge in Network Activity and DApp Engagement Amid Crypto Market Resurgence

14Mar

By CryptolifedigitalNo Comments

Cardano

Cardano (ADA) Sees Surge in Network Activity and DApp Engagement Amid Crypto Market Resurgence

Amidst the broader resurgence in the cryptocurrency market, Cardano (ADA) has garnered significant attention by achieving a remarkable milestone in network activity. Recent data from Danogo, a Decentralized Exchange (DEX) built on the Cardano blockchain, reveals a surge in active wallets, signalling robust user adoption. This surge in network activity coincides with Cardano's upward trajectory and notable developments within its decentralized ecosystem. https://twitter.com/danogo_2023/status/1767732876072927285 Read Also: Injective Launches inEVM, a First-of-its-Kind Ethereum Virtual Machine for Enhanced DeFi Development Key Points: Rapid Growth in Active Wallets: Over the past 30 days, the number of active wallets on the Cardano network has surged to over 600,000, markin...

Cardano Ecosystem Tokens Skyrocket with Triple-Digit Growth: CardanoGPT (CGI), Snek (SNEK), DexHunter (HUNT), and More Lead the Charge

12Dec

By Adaralegbe Tosin MNo Comments

Cardano

Cardano Ecosystem Tokens Skyrocket with Triple-Digit Growth: CardanoGPT (CGI), Snek (SNEK), DexHunter (HUNT), and More Lead the Charge

The Cardano ecosystem is witnessing a surge in the performance of several crypto tokens, with notable projects experiencing triple-digit growth over the past 30 days. Among the standout performers are CardanoGPT (CGI), the meme coin Snek (SNEK), and DexHunter (HUNT), along with others. These projects have seen impressive gains, highlighting the vibrant and dynamic nature of the Cardano blockchain. Read Also: Terra Classic (LUNC) Faces 20% Price Crash Following Network Upgrade as Founder's Extradition Looms https://twitter.com/Cardanians_io/status/1734555488459587623 CardanoGPT (CGI): 782.7% Gains in 30 Days CardanoGPT (CGI) has emerged as a star performer, boasting a remarkable 782.7% surge in the last month. According to Cexplorer.io, CGI has seen a growth of 126.69% in the past s...

IOTA Establishes Regulated Entity in Abu Dhabi to Spearhead Global Digital Asset Ecosystem Development

30Nov

By Adaralegbe Tosin MNo Comments

IOTA

IOTA Establishes Regulated Entity in Abu Dhabi to Spearhead Global Digital Asset Ecosystem Development

Abu Dhabi, November 30, 2023 – IOTA, a leading blockchain protocol, has achieved a significant milestone by becoming the first regulated and compliant entity to lead the development of a global digital asset ecosystem under the Abu Dhabi Global Market (ADGM) in the United Arab Emirates (UAE). The newly established entity, funded with a substantial $100 million from the IOTA token treasury, will play a pivotal role in advancing the growth of IOTA across the Middle East and North Africa (MENA) region, Africa, and Asia. In entering the UAE market, IOTA is strategically focusing on trade and logistics, trade finance, and institutional investors. Read Also: Terra Classic (LUNC) Witnesses Soaring Prices: Unraveling the Surge and Future Prospects Facts about the IOTA Foundation The IOTA F...

Cardano Demonstrates Strong Development Amid Bearish Crypto Market Outlook

16Aug

By OLAJIDE SAMUEL1 Comment

Cardano

Cardano Demonstrates Strong Development Amid Bearish Crypto Market Outlook

Amid a turbulent and bearish outlook in the crypto market, Cardano has emerged as a shining example of resilience and progress. The blockchain development team has displayed unwavering commitment, as evidenced by a series of impactful actions that have propelled the platform forward. Cardano ranks up to the top 10 crypto assets Notably, Cardano has garnered attention by earning a prominent rank on the list of blockchains exhibiting the most substantial surge in development activity over the past month. This information was brought to light by Santiment, a highly regarded crypto analytics platform. Santiment took to social media to share their findings, revealing that Cardano has secured the third spot in this ranking, trailing only Polkadot (DOT) and Kusama Network (KSM). Read Also: B...

Cardano Foundation Partners With The Linux Foundation As Gold Member To Build Together Into The Future.

23Jun

By CryptolifedigitalNo Comments

Cryptocurrency

Cardano Foundation Partners With The Linux Foundation As Gold Member To Build Together Into The Future.

Cardano foundation partners with the Linux foundation according to the announcement made yesterday by Cardano Foundation. Cardano Foundation has joined as a gold member, becoming the only nonprofit active at this level. https://twitter.com/CardanoStiftung/status/1539664593118793728 The Cardano Foundation revealed their happy mood to have gotten a chance to work on its commitment to open-source, while also “contributing to the positive advancement of blockchain as a world-changing technology.” Read Also: Despite The Downsides, Vitalik, Ethereum Co-founder is optimistic About The Ethereum Blockchain. The comments of the Chief Open-Source Officer at Cardano Foundation, Dirk Hohndel. “Open-source is about communities. It’s about bringing together people from different compani...