In a recent video analysis, well-known crypto analyst Dan Gambardello explores the potential future of Cardano (ADA) amidst troubling forecasts of a potential US recession. With a substantial YouTube following of 369,000, Gambardello sheds light on the general unease among ADA holders and crypto investors due to the ongoing economic discourse. He draws parallels between
Cardano
Cardano recently underwent a significant drop in price following the completion of its highly anticipated Chang upgrade. Despite the introduction of key changes such as on-chain voting, Delegate Representatives, enhanced smart contract capabilities, and a new governance structure, the cryptocurrency saw a 2.7% decline in value. At the time of writing, Cardano (ADA) was trading
Recently, Cardano successfully completed its Chang upgrade, which signifies a significant shift towards a decentralized governance system. This upgrade, named after the renowned Chinese mathematician Ch’ang Shou, was finalized at block 10764778 on Sep. 1. The Chang upgrade introduces various crucial changes aimed at enhancing Cardano’s governance structure and empowering ADA holders to play a
Cardano (ADA) has been facing challenges over the past few years, with stagnant price growth despite being a popular altcoin in the crypto space. The current bearish trend has left investors wondering about the future of Cardano. Crypto analyst Max Maher recently shared his insights on Cardano’s performance in a YouTube video. He predicted a
Cardano and its native token, ADA, faced a significant downturn in the second quarter of 2024, mirroring the broader decline in the cryptocurrency market. ADA’s price plummeted by 39.7% to $0.39, resulting in a 39.4% decrease in market capitalization to $14 billion. This decline was in part due to a slight increase in circulating supply,
The Cardano (ADA) community is buzzing with excitement as the Chang hard fork approaches. Intersect, a member-based organization for the Cardano ecosystem, recently provided detailed updates about the upcoming upgrade. According to Intersect, the majority of preparations for the Chang hard fork are already finalized. The organization has set a target date for “the Chang
Cardano has announced a delay in the highly anticipated Chang hardfork, pushing the event to September 1, 2024. This announcement was made by Cardano founder Charles Hoskinson, who cited the need for platforms like Binance to have more time to prepare for the hardfork. Reason for Delay Hoskinson explained that while the Chang upgrade is
Recently, crypto analyst XForceGlobal shared a detailed video analysis focusing on Cardano (ADA), a cryptocurrency that has been dubbed a “dinosaur coin” by many. In the analysis, XForceGlobal delves into Cardano’s current state within the Elliott Wave cycle, indicating that ADA may be on the brink of entering a powerful upward phase known as “Wave
Cardano has been the subject of numerous bullish predictions, especially in anticipation of the Chang upgrade. This upgrade is seen as a significant milestone for the Cardano network, sparking optimism among its supporters. Alan Santana’s Bullish Analysis Crypto analyst Alan Santana has presented a bullish prediction for Cardano’s price, suggesting a substantial rally that could
Cardano has experienced a substantial price surge in the past week, gaining over 14% in value. However, despite this positive momentum, there is an indication that investors who joined the market recently may contribute to significant selling pressure. On-chain data from the analytics platform Santiment reveals that more than 12% of Cardano’s total supply is
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