The article highlights how Cardano experienced a significant drop of 57% when the Federal Reserve implemented a rate cut back in 2019. This event coincided with a downtrend in the cryptocurrency market, which persisted for several months. The upcoming Federal Reserve meeting raises concerns that history may repeat itself, leading to a potential multi-month decline
Cardano
The Cardano (ADA) ecosystem has witnessed significant growth in various key metrics during the recent months, particularly following the successful implementation of the anticipated Chang upgrade on September 1. Despite facing a bearish market sentiment in terms of price, the Cardano Foundation reported increased investor activity and blockchain usage, indicating a positive trend in the
Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a week of intense fear and uncertainty in the market. Despite the challenging market conditions, on-chain data from IntoTheBlock suggests that some investors see this as a potential buying opportunity, anticipating a market recovery in the near future. This growing optimism
In a recent video analysis, popular crypto analyst Dan Gambardello discussed the potential future of the Cardano (ADA) price in light of the looming forecasts of a US recession. Gambardello highlighted the unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. Drawing parallels between historical S&P
Cardano recently underwent a Chang upgrade on its Layer-1 blockchain, introducing several key changes to the network. This upgrade included enhancements such as on-chain voting, Delegate Representatives, improved smart contract capabilities, and a new governance structure with cost model improvements. Despite the anticipated Chang upgrade, the price of Cardano (ADA) experienced a 2.7% drop, trading
Cardano recently completed its Chang upgrade, signaling a shift towards a decentralized governance system. This upgrade, named after Chinese mathematician Ch’ang Shou, took effect at block 10764778 on Sep. 1. The Chang upgrade brings about significant changes to Cardano’s governance structure, including the introduction of on-chain voting, Delegate Representatives, enhanced smart contract capabilities through PlutusV3,
Cardano (ADA) has faced significant challenges in recent years, struggling with stagnant price growth despite being a popular altcoin in the crypto space. Analysts have offered insights into why Cardano has underperformed compared to other coins, while also predicting a potential 1,000% rally to new highs this cycle. Insights from Analysts Crypto analyst Max Maher
Cardano and its native token, ADA, experienced a significant decline in the second quarter of 2024, as reported by Messari. The price of ADA plummeted by 39.7% to $0.39, while its market capitalization fell by 39.4% to $14 billion. This decline was partially attributed to an increase in circulating supply, leading to a drop in
The Cardano (ADA) community is buzzing with excitement as the highly anticipated Chang hard fork is on the verge of launching. Recently, ADA, the native token of the Cardano ecosystem, has seen a remarkable surge of over 52% in key metrics, leaving investors eagerly awaiting the upcoming upgrade. Intersect, a member-based organization dedicated to the
Cardano, one of the most talked-about cryptocurrencies in the market, has made an announcement regarding the delay of its highly anticipated Chang hardfork. This unexpected news has stirred up discussions in the crypto community and has raised questions about the reasons behind this decision. According to the latest update, Cardano’s founder, Charles Hoskinson, confirmed the