Cardano News Archives - Cryptolifedigital

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 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...

Downturn Imminent For Cardano According To Expert

24Feb

By Daniel AbangNo Comments

Cardano

Downturn Imminent For Cardano According To Expert

Cardano has displayed volatility in 24 hours as the asset breaks beneath the $0.6 domain it recovered lately. Information from CoinMarketCap showed ADA came to as low as $0.5793 in the past day. Besides, the new trends have nullified the majority of ADA's benefits since the previous week, putting its one-week performance at a negative growth pace of 3.64%. While the ongoing changes might appear to be moderate, famous market investigator Ali Martinez recommends that Cardano holders could expect a more critical decline soon. In a new post on X, Martinez mentioned that a sell signal has arisen for ADA on the 3-day frame chart. The expert referred to the TD Sequential technical indicator as the beginning of the bearish signal. He highlighted that generally when the indicator streak...

Cardano (ADA) Nears New Heights: Analyst Predicts $0.78 Following Recent Rally

28Dec

By OLAJIDE SAMUELNo Comments

Cardano

Cardano (ADA) Nears New Heights: Analyst Predicts $0.78 Following Recent Rally

Cardano (ADA) has been on an impressive trajectory in recent weeks, reclaiming a new yearly high and gaining 73% from its November low of $0.3745 to a peak of $0.6776 this month. Despite facing resistance and retracing to around $0.53, ADA has exhibited signs of recovery, sparking optimism among market watchers. Notably, crypto analyst Ali Martinez believes that Cardano is poised for further gains, with a potential move toward the $0.70 range. Read Also: Shiba Inu's Soaring Outlook: Shibarium, Burns, and Whales Propel SHIB to New Heights https://twitter.com/ali_charts/status/1740004785217282178?s=20 Key Developments Recent Performance: ADA has experienced notable upward movement, with a 73% increase from its November low to a yearly high of $0.6776. Although facing resistance a...

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...

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...

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’s DApps Hits A I6 Million Transaction Record, Having Its Unique Account Surges To 255.2K

4Jan

By OLAJIDE SAMUELNo Comments

Cardano

Cardano’s DApps Hits A I6 Million Transaction Record, Having Its Unique Account Surges To 255.2K

There has been a massive increase in the number of the Decentralized application on the Cardano chain (Cardano's DApps) over time spiking to 16 million transactions and also, the number of unique accounts on all DApps has also surged to a whopping 255.2K, according to data from Dapps on Cardano, an analytics platform dedicated to providing insight on projects built on the Cardano chain. The platform highlighted the achievement through its Twitter handle on Tuesday. Read Also: Santiment Declares XRP As The Crypto Pick For January. Here's Why https://twitter.com/dappsoncardano/status/1610219789330567169 Cardano's Dapps Completes Record Of 16M Transaction As stated in the data released, a total of 5.3 trillion ADA volume has been indexed across all the projects, having an avera...

Cardano To Roll Out Midnight, A Data Protection-based Blockchain For Developers And Humanity

19Nov

By CryptolifedigitalNo Comments

Cardano

Cardano To Roll Out Midnight, A Data Protection-based Blockchain For Developers And Humanity

In a recent development shared via the IOG CEO, Charles Hoskinson, unveiled a new Cardano project named Midnight, a data protection-based blockchain created for developers and humanity. Charles Hoskinson revealed the update about the Midnight at the project known as the ongoing Cardano IO ScotFest: The Age of Voltaire. https://twitter.com/IOHK_Charles/status/1593624972001349632 Read Also: Terra Classic Removes Almost 1 Billion LUNC, Making The Total Circulating Falls Below 6 trillion Facts About Midnight It is a data protection-based blockchain that helps protect confidential personal and commercial data. The fundamental freedom of individuals, developers, and firms will be protected by safeguarding sensitive commercial and personal data. The excerpt of the blog post r...

Binance Adds Support For The COTI, The Official Issuer Of Cardano Stablecoin, Djed, To Enable Borderless Crypto Payment

28Oct

By CryptolifedigitalNo Comments

Cardano

Binance Adds Support For The COTI, The Official Issuer Of Cardano Stablecoin, Djed, To Enable Borderless Crypto Payment

In a recent COTI announcement, it was made known that Binance, the world's largest cryptocurrency exchange had added support for the COTI, a DAG-based Layer 1 platform. It is worth noting that support will allow users of Binance Pay can now send, receive, and make payments using the popular cryptocurrency. Binance Partners With COTI The new development was made known also on the COTI official Twitter handle saying; “We are happy to announce that Binance Pay now supports COTI to enable borderless crypto payments! This will allow millions of Binance users to send, receive and make payments in COTI,” Read Also: Following The Arrival Of New Validators, Over 111 Billion LUNC Are Staked In One Day https://twitter.com/COTInetwork/status/1585637254428401665 However, the announ...