Cardano (ADA) has recently experienced a significant retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, unlike Bitcoin (BTC) and Ethereum (ETH), ADA has now shown a deviation from the broader market struggles by exhibiting a 2% increase in the past 24 hours and over 12%
Cardano
Cardano, one of the prominent cryptocurrencies in the market, has been under scrutiny by crypto analysts for its recent price movements. While the price of Cardano has been on a downward trend for most of the year, some analysts are now pointing towards a potential rebound based on new technical patterns. One of the key
Recently, the Cardano network was targeted by a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. Despite the attack, Cardano’s mechanisms and decentralized structure proved to be robust enough to mitigate the threat effectively. The attack did not cause any significant disruption, and most services, including SundaeSwap, continued to operate
The crypto world is a vast and complex landscape, filled with technological advancements, regulatory changes, and pivotal shifts. One individual who has been able to capture the pulse of this market is Scott Matherson. With years of experience in the industry, Scott has become a prominent crypto writer at NewsBTC, known for his ability to
In a recent analysis by on-chain analytics platform Santiment, a potentially bullish factor has been identified for Cardano (ADA) and XRP within the volatile crypto market. While both tokens experienced relief pumps after a recent downturn, traders remain cautious about interpreting this as a definitive bullish reversal. Santiment’s assessment points to heavy shorting activity among
Cardano’s recent partnership with Entre Ríos, a central province in Argentina, has been touted as one of the key reasons for its potential price surge to $3. The implications of this partnership are significant as it aims to foster blockchain adoption in Argentina, ultimately benefiting ADA by allowing it to penetrate the Argentine market. However,
Charles Hoskinson, the founder of Cardano, recently discussed rumors of a potential partnership with Elon Musk on the Thinking Crypto podcast. He revealed that his team had made numerous attempts to engage with Musk’s companies, offering free work to help combat issues like fake accounts and bots on the platform formerly known as Twitter, now
Blockchain services provider STORM Partners recently made a significant announcement during the Web3Fest, which took place in Switzerland’s “Crypto Valley.” The company unveiled its latest project, “Lightningbox,” a new Web3 Sandbox, and also announced the relocation of its headquarters from Montreux to Geneva. This initiative aims to assist large enterprises in Europe in harnessing the
In the volatile world of cryptocurrency, Cardano stands out as one of the digital assets that continues to generate bullish expectations from crypto analysts. One such analyst, known as @Av_Sebastian on social media, has recently made waves by predicting that the price of Cardano could reach as high as $2. This optimistic outlook is largely
Cryptocurrency analyst Nick from the Cheeky Crypto YouTube channel recently made a bold prediction for Cardano (ADA), suggesting that the price could reach $38 in the future. While acknowledging that this might not happen in the immediate future, Nick pointed towards Cardano’s technological advancements as a key factor that could drive the price of the
