The Cardano network is now using, on average, around 40% of its capacity. The Ouroboros protocol of Cardano is designed to handle enormous quantities of data as well as operations and scripts of various complexity and quantity. Comparatively, the ADA network is underutilized. The ideal situation is for the network to run at or near […]
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What investors can expect from Cardano’s weekly update report?
Cardano’s parent firm IOHK shared a blog via Twitter detailing the latest updates on the blockchain. In it, the article highlighted various activities carried out by its development teams. With respect to decentralization, the report states that the Hydra team held a planning session and updated the Hydra development roadmap. For the initiated Hydra Heads, […]
Cardano [ADA] price risks free falling amidst global sell-off
Cardano [ADA] has been no longer immune to the panic selling that is currently engulfing the broader crypto market. The native token fall by 60% from its all-time high of $3.02 on 2nd September 2021. ADA saw a drop in value of 10.06% on Saturday making it one of the largest one-day percentage losses since […]
Israeli trading firm plans to remove Cardano [ADA] and Tron [TRX] by 2022
In a new twist of events, Israeli trading entity eToro has decided to remove Cardano [ADA] and Tron [TRX] from its platform for US users, by the end of this year. According to the press release, the latest announcement meant that customers in the US would be unable to open new positions or collect staking […]
Cardano [ADA] Debuts in Multi-Chain Bitrise Wallet
Cardano [ADA] got officially listed on Bitrise wallet, a decentralized finance [DeFi] project built on top of Binance Smart Chain. The news assumed significance for the Bitrise community as wallet holders would now be now to purchase ADA tokens without leaving their wallets. Apart from that, the listing would also help cut down the cost […]
Cardano [ADA] transaction volume hits $18.2B
Cardano [ADA] is currently on a drawdown as it followed the general market momentum. However, the token achieved a new milestone as it briefly clocked a new high of $18.24 billion in total transaction volume. Following that, it went on to become the third most active chain only next to the dominant crypto asset, Bitcoin […]
Cardano [ADA] Plummets on Wednesday As Price Correction Takes Over Crypto Market
After a fun run-up of the charts, the cryptocurrency market seems to have hit a correction this week. Several major coins witnessed their supports break with the rest of the price peripherals left hanging haphazardly. Cardano [ADA], which had climbed to rank 3 during the bull run, plummetted on Wednesday as the bear took control […]
No staggering gains for Cardano [ADA], token cools off below $2.4
After market-wide correction last week, Cardano [ADA] sliced through a key support area. Since then the sellers have overhauled price action. The last couple of days have been interesting for the entire ecosystem. The successful hard fork of the highly anticipated Alonzo, often heralded as a critical change that would enable the Cardano network to […]
Cardano [ADA] Stumbles Under Bear’s Might as Market Bleeds Red
After an extended bullish run, the cryptocurrency market seems to have hit a red wall. Prices across the board fell rapidly as almost all the major altcoins followed Bitcoin’s footsteps. IOHK’s Cardano, which had been enjoying a stellar September fell into the bear trap with millions wiped off its total market cap. Cardano’s latest fall […]
Cardano [ADA] Bleeds Red as Altcoins Face-Off With Bear
The cryptocurrency market’s slowdown over the past few days has resulted in millions being wiped off in terms of market caps and trading volumes. Bitcoin’s lack of movement may be a reason why other coins are taking a turn in the bear pit. Cardano [ADA] was one of the altcoins in the tumble, falling in […]