In a surprising turn of events, Cardano (ADA) has recently been ousted from the top 10 cryptocurrencies by market capitalization. This popular altcoin has been overshadowed by Tron (TRX), a shift that has caught many in the crypto market off guard. According to data from CoinMarketCap, Cardano has slipped out of the top 10 largest
Cardano
The cryptocurrency market has been a rollercoaster ride, with ADA, the native token of Cardano, experiencing significant highs and lows. From reaching $3 during the 2020 to 2021 bull run to plummeting to $0.32 at the time of writing, ADA holders have been on a wild journey. The activation of smart contracts via the Alonzo
Cardano, once a prominent player in the cryptocurrency market, has seen a significant decline in its position. This decline can be attributed to various factors, including its reliance on off-chain components, low network activity, and fierce competition from other cryptocurrencies such as Ethereum and Solana. The inability of Cardano to keep up with its faster
Intersect, the organization overseeing the Cardano blockchain’s development, has issued an urgent call for decentralized application projects on the blockchain to hasten their preparations for Chang Upgrade #1. This call comes as more than 80% of stake pool operators on Cardano (ADA) have already moved to the latest validator node, 9.1.0. However, for the success
The recent surge in trading volume for Cardano has caught the attention of many investors in the crypto market. With a 150% increase in trading volume amounting to $477 million, Cardano has managed to make a significant impact. However, despite this surge, the price of Cardano’s native token, ADA, has failed to show a proportional
In the wake of the recent crypto market crash, Cardano has been one of the altcoins that have taken a significant hit. However, while some may view this as the end of the road, others, like crypto analyst Alan Santana, see it as an opportunity to buy ADA at a discounted price. Santana’s recent analysis
Cardano is on the brink of a significant transformation with the upcoming Chang hard fork, which will usher in the Voltaire era and introduce on-chain governance. This upgrade marks a crucial step towards achieving full decentralization within the Cardano blockchain ecosystem. Cardano’s development is structured into distinct phases, also known as eras, each named after
The global crypto market has been experiencing a downward trend since July, with the overall crypto market cap dropping from $2.7 trillion in May to $2.5 trillion. Many cryptocurrencies have been affected by this bearish trend, facing challenges in maintaining their market value and user engagement. In contrast to the broader market setbacks, Cardano (ADA),
Cardano (ADA) has been making waves in the cryptocurrency market recently, particularly in terms of large transaction volume. The data from market intelligence platforms like IntoTheBlock and Santiment have shown that Cardano is experiencing a surge in activity, comparable to that of Ethereum. The large transaction volume recorded in the last 24 hours indicates a
Cardano (ADA) is facing a crucial moment as it struggles to reverse a recent downward trend. The formation of an inverted hammer on the weekly chart is providing some hope for buyers, indicating a potential shift from bearish to bullish sentiment. However, the confirmation of this pattern is essential for any significant rally to take
