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Tag: Cardano

Solana’s 30% Weekly Growth Adds $3 Billion To Its Capitalization And Also Put Cardano And Ripple Under Pressure
Cryptocurrency

Solana’s 30% Weekly Growth Adds $3 Billion To Its Capitalization And Also Put Cardano And Ripple Under Pressure

According to CoinMarketCap, Solana takes 9th position in the total market cap giving up to Cardano, Ripple, BNB Chain, Ethereum, and of course, Bitcoin as the coin gained up to 30% in 7 days. This performance added $3 billion to its capitalization.  Read Also: Lotus, The Iconic British Performance Car Brand To Launch Its NFT In Partner With Ripple A little addition to Solana's price Whenever SOL adds another  $10 to its price per token, Solana will see itself in seventh place, with both Cardano and Ripple behind it. Rising of SOL price by another 35% may be worth what someone bid on, considering the pace at which SOL is rising and the performance of its closest rival in the market cap. Although according to CoinMarketCap, the impressive growth of the SOL price ...
Can Cardano’s smart contracts soon compete with Ethereum?
Cryptocurrency

Can Cardano’s smart contracts soon compete with Ethereum?

Cardano is a particularly interesting cryptocurrency that finally implemented smart contracts in its blockchain last year. This caused the price of Cardano’s ADA token to increase massively. Many saw and still see Cardano as the “Ethereum killer”. But can Cardano’s smart contracts lead to Ethereum being replaced in the future? In this article, we discuss whether the smart contracts at Cardano can lead to Cardano replacing Ethereum in the future. Read Also: 29 Shopping Malls and 13 hotels Can Now Accept Dogecoin, Bitcoin, and Ethereum, Payments Via Binance Pay What is Cardano? Cardano is a blockchain network that is characterized by the fact that it is technically excellent, secure, and scalable. Cardano was founded in 2017 by Ethereum co-founder Charles H...
Cardano (ADA) Vasil Hardfork Details Displayed by Developer
Cryptocurrency

Cardano (ADA) Vasil Hardfork Details Displayed by Developer

Cardano (ADA) developer and researcher who goes by @Soorajksaju2 on Twitter published a thread to cover the major milestones that the largest PoS network will achieve with the release of the Vasil hard fork in late June 2022. Read Also: Cardano Creator Says Cardano Is Just Starting After Adding approximately100,000 New Addresses in Last Month Optimized transaction logics, advanced EUTXO: What's new in Vasil In his detailed analysis, Mr. Sooraj indicated the most crucial Cardano Improvement Proposals (CIPs) that are set to be included in Vasil's hard fork agenda. https://twitter.com/Soorajksaju2/status/1516097453996531713 First of all, CIP 33 will reconsider the logic of how the Plutus scripts ( compiled Haskell programs) are submitted to the blockchain. Thi...
Cardano-Based Decentralized Project Faces 8,000% Rise in TVL in Last 7 Days
Cryptocurrency

Cardano-Based Decentralized Project Faces 8,000% Rise in TVL in Last 7 Days

A decentralized trading platform with native and fast automated market technology, Wingrider, based on  Cardano, gained almost 8,000% of its TVL in the last seven days, according to network-tracking service DeFiLIama. Between April 12 and 13, the project gained over $41 million in the total value of funds locked in the project. Such a strong increase is shown on the tracking service is not tied to natural demand. The strong spike is caused by the official release of the platform, and $500,000 remaining there before the listing were most probably owned by users involved in the closed testing of the DEX. As stated by the TVL redistribution, the number of decentralized projects on Cardano has risen to 10, implying the basic growth of the network. Some experts note tha...
Charles Hoskinson Teases Bitcoin, Doge, and Cardano Cross-Chain for “Decentralized Twitter”
Cryptocurrency

Charles Hoskinson Teases Bitcoin, Doge, and Cardano Cross-Chain for “Decentralized Twitter”

Lately, Charles Hoskinson teased the cryptocurrency community after telling Elon Musk that he is ready to create a decentralized version of Twitter if he cannot buy out one of the biggest social media platforms in the world. After the offering, Hoskinson faced a wall of criticism, which include questions about the choice of the network for a potential decentralized alternative to the platform. Since Hoskinson’s choice for a Cardano blockchain, users stated it would not be fair if the  "free version" of Twitter would work on one blockchain only. Read Also: Cardano's Biggest Wallets Again Own Largest Part of ADA Supply in 2 Years: Almost 50% https://twitter.com/IOHK_Charles/status/1514979417679880199 But Hoskinson rushed to calm the community down...
Cardano Founder plans to Create a Network Cross Chain for BTC, DOGE, and ADA
Cryptocurrency

Cardano Founder plans to Create a Network Cross Chain for BTC, DOGE, and ADA

Cardano founder Charles Hoskinson recently proposed creating a new decentralized social media platform from scratch together with Tesla Elon Musk in case the billionaire's audacious attempt to take over Twitter fails. Regarding the users who asked if the decentralized media platform would be used across chains, the Cardano creator said it would be a cross-chain network with Bitcoin, Dogecoin, and Cardano. https://twitter.com/IOHK_Charles/status/1514979417679880199 The Twitter user asked,  ''Great idea, but will it be able to be used across chains and not limited to Cardano-only? If it is only limited to Cardano or any single chain, then I don’t think it qualifies as true decentralization.'' Read Also: Charles Hoskinson's IOHK Gathered Most Important Cardano Up...
Cardano Multi-Billion Dollar Whales’ Holdings Signal Strong Fundamentals — What’s Next For ADA?
Cryptocurrency

Cardano Multi-Billion Dollar Whales’ Holdings Signal Strong Fundamentals — What’s Next For ADA?

Faltering market sentiments have not deterred massive buying of leading cryptocurrencies like Cardano (ADA). During a lingering price drop,  top whales that hold upwards of 10 million ADA have returned to their largest percentage of supply held in two years. ADA whales holdings at 2-year all-time high As ZyCrypto reported, data from the On-Chain and social metrics platform sentiment showed that this category of wallets now helps 46.6% of the circulating supply of ADA. This translates to the whales, which includes crypto exchanges, holding over 14.89 billion of the 33B ADA tokens currently in circulation Read Also: SHIB Accepted by Delivery App, DOGE Pumps on Elon Musk’s Offer to Buy Twitter, ETH Surged Above $3,100: U Today Digest cryptolifedigital. Sanmtiment’s data...
Charles Hoskinson’s IOHK Gathered Most Important Cardano Updates in Last 10 Days
Cryptocurrency

Charles Hoskinson’s IOHK Gathered Most Important Cardano Updates in Last 10 Days

Charles Hoskinson and IOHK’s functionary accounts have recently shared information about the most important updates to the Cardano ecosystem, including stablecoins, sidechains, hookups, and more.A long thread included information about colorful systems concentrated on developing a variety of results. The first Cardano- grounded result shared by IOHK was Wingriders DEX which went live by launching the main net version of the platform. Read Also: Countries, Banks, and Conventional Finance will adopt Bitcoin eventually says Michael Saylor of Microstrategy. JpgStore NFT-marketplace based on Cardano network announced Launchpad Cohort 2, which is aimed at supporting more projects launching on the platform. The business will give both financial and marketing support to collec...
Cardano’s Biggest Wallets Again Own Largest Part of ADA Supply in 2 Years: Almost 50%
Cryptocurrency

Cardano’s Biggest Wallets Again Own Largest Part of ADA Supply in 2 Years: Almost 50%

A recent report from Santiment shows that wallets that own more than 10 million ADA are now back to holding almost 50% of the ADA in circulation. The last time these whales owned that much ADA, according to Santiment, was two years ago. The Santiment analytics team, which shared the news, stressed that a large portion of these addresses belongs to crypto exchanges. The last time these whales hold such an amount was the last two years according to the Santiment, The Santiment analytics team, which shared the news, stressed that a large portion of these addresses belongs to crypto exchanges. Whales hold 46.6% of circulating ADA Almost half of the circulating ADA supply is back in the ownership of large wallets, including tho...
Ethereum drops to $2500, Spanish Taxi Company Accepts SHIB, Snoop Dogg NFT Collections Available on Cardano.
Cryptocurrency

Ethereum drops to $2500, Spanish Taxi Company Accepts SHIB, Snoop Dogg NFT Collections Available on Cardano.

Former BitMEX CEO Arthur Hayes expects  Ethereum, the second-biggest cryptocurrency on the market, to drop to $2,500 by the end of June. His prediction concerning Bitcoin: Hays says, it will drop to the $30000 level before the end of the third quarter. The former boss of BitMEX notes that BTC and ETH are high “highly correlated” to the Nasdaq-100 stock market index, and if tech stocks keep underperforming, crypto will decline as well. Read Also: DCG Raises The Investment Round From $700 Million To $10 Billion Shiba Inu bid event to unlock 36,431 pieces of land A Twitter user dedicated to the Shiba Inu community, @shibainuart, has recently shared that during the introductory phase for SHIB: The Metaverse, 36,431 plots of land will become unlocked while revealing por...