Category Archives: CARDANO NEWS

CARDANO NEWS

ADA price forecast and what will be the price performance in September

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Cardano (ADA) has been bearish since its last highs. The critical support for ADA is located at the $0.40 level. Cardano has experienced a drop from $0.59 to $0.43 since August 14, 2022. For now, bears control the price action. A larger downtrend could begin if the critical support at $0.40 is broken to the downside.

Cardano is a blockchain platform that allows transactions on its native token, ADA, and enables developers to build secure and scalable applications powered by it.

ADA tokens can also be used to vote on software policies. Each ADA holder owns a stake in the Cardano network. ADA stored in a wallet can be transferred to a pool of shares to earn rewards, or pledged to a pool of shares to increase the pool’s probability of receiving rewards.

Cardano is linked to various payment programs. It combines leading technologies to provide unmatched security and sustainability.

Cardano is built on the groundbreaking Ouroboros proof-of-stake consensus protocol. It is important to say that Cardano’s code is written in the officially designated Haskell programming language, which is widely used in the banking industry.

The team behind Cardano is united in a common purpose to enable positive global change and to power a new era of possibility together with its partners. It has a community of scientists, engineers, and thought leaders.

According to the latest survey, Cardano is more efficient than Paypal, YouTube and Netflix in terms of energy consumption. Charles Hoskinson, CEO of IOHK, said: “The advantage of what we have is that you can use most of your magic in the other two phases, as you don’t have to have a huge overhead and energy expenditure in deciding who to block.”

If central banks continue to act aggressively, this could potentially push the global economy towards a recession. In this case, most other cryptocurrencies, including Cardano (ADA), could fall further.

Source: cryptoparahaber.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano Price Ready To Take Action In The Coming Weeks

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Cardano’s ADA price is starting a bullish rally. ADA may be preparing for a 30% move. It ranks 6th on CoinMarketCap’s list of the largest crypto projects with a market capitalization of $22.05 billion.

Looking at 24-hour performance, ADA is up 1.85% in the last 24 hours. This brings its price to $0.6511. The price of ADA has also increased by 13.37% over the past seven days. This makes it the only coin to record double-digit gains on CoinMarketCap’s top 10 list last week.

The main reason for Cardano’s weekly price performance is the formation of the next big hard fork event called the Vasil Hard Fork. Historically, hard forks have seen the price of the ADA pump, and this time around is likely to be no different.

Source: coinquora

CARDANO NEWS

The number of projects created on the Cardano ADA network hits a record

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The number of projects created on the Cardano ADA network has exceeded 1000. A breakdown of the types of projects built on the Cardano network shows that 40.4% of these projects built on the Network are NFT collections. Despite what’s going on in its ecosystem, ADA is still in oversold territory. The Cardano network continues to make progress and has passed a major milestone, which is the number of projects currently being built on the Cardano network.

The distribution of project types built on Cardano Network shows that 40.4% of these projects built on the Network are NFT collections, the category with the highest percentage in the distribution.

The next highest percentage of projects are Community and Social projects, with the category accounting for 6.0% of 1,003 projects in the network.

Looking at the technical specifications of ADA, the token is still in the oversold region and its price is being held by the bears as the ongoing bear market continues. The price of ADA has also been on the decline since peaking around $2.55. Despite the drop in price and the crypto bear market, ADA is becoming a popular platform for blockchain developers due to the team’s rapid innovation aimed at making the network the fastest and most performing network in the crypto space.

The team also plans to make a series of upgrades in the coming months that will increase the throughput of the network, i.e. the transaction processing rate. This will make it an even faster network. Perhaps one of the biggest upgrades to come is the Vasil Hard Fork. Cardano (ADA) investors and the wider crypto community are looking forward to the Hard Fork Event.

Source: coinquora.com

CARDANO NEWS

Cardano ADA, Most Adopted Crypto in Bear Market, According to Survey

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Cardano is one of the most robust and stable blockchain networks in cryptocurrency. A tried and tested robustness has been proven. Hoskinson appears on Twitter in a recent poll conducted by @LondonRealTV, the Twitter account of the media company of the same name.

The survey shows that in a bad market, around 80 percent of respondents chose Cardano’s native token ADA over other major cryptocurrencies.

The value of ADA has risen today and has risen as high as 9 percent in the last 24 hours. Crypto seems to be loved more than Bitcoin, Ethereum or any other cryptocurrency. In the poll, ADA gained 78%, while Bitcoin and Ethereum gained 11% and 5%.

The ADA development team is currently working on the Vasil hard fork, which is expected to be released in July. The patch aims to streamline Cardano’s support for smart contracts.

The Cardano Hydra update is expected to be released for the third quarter of 2022. These features are expected to increase the acceptance of Cardano and raise the price. In light of this, Cardano is an excellent buy in the current bear market.

Source: bitcoinist.com

CARDANO NEWS

Hoskinsea Sold 80% of Allocated Tokens

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Hoskinsea marketplace is the largest NFT marketplace in the Cardano network, this marketplace is set to perform all the advanced functions of the NFT marketplace, pulling some of its features from other blockchain networks. Hoskinsea is preparing to solve the Cardano NFT mintage problem by providing multiple mint access, unlimited NFT buy orders and much more.

HSK Token Utilities
NFT Purchase – Token holders can purchase NFTs at a discounted price from the Hoskinsea market.

Transaction Fees – NFT issuance fees can be paid using HSK tokens

Governance and Voting – HSK token holders will be made part of the decision-making process on matters affecting our Ecosystem. Therefore, only the holders of our token will be given the right to vote on the necessary decision-making process that will affect our ecosystem.

It is important to note that the degree of votes you can cast and your participation in the voting process in question will depend on the amount of coins you have.

Exclusive Privileges – Top HSK token holders will be given exclusive access to rare edition NFTs that will only be available during the public mint

Buy AD Slots – Due to the many NFTs that will be on the platform, users will be able to purchase ad slots for their NFTs using HSK Tokens.

Read More: thecryptobasic

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano (ADA) Vasil Hardfork Details Shared

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The expected Vasil hardfork date for Cardano (ADA) has been announced. One of the Cardano (ADA) developers gave new information about the details of the Vasil hardfork and Cardano’s (ADA) DeFi ecosystem.

Sharing on Twitter, Cardano (ADA) developer @Soorajksaju2 shared the innovations that Vasil Hardfork, which is planned for the end of June 2022, will bring to the largest PoS network.

In his post, @Soorajksaju2 listed the Cardano Improvement Proposals (CIPs) that will come with Vasil Hardfork. According to the developer’s information, first of all, CIP 33 will reconsider the logic of how Plutus scripts are sent to the blockchain. With this process, data consumption will be reduced and the efficiency of Cardano (ADA) will be increased. With the upcoming CIP 31 upgrade, dApps will have access to transaction outputs without spending and rebuilding. This will resolve Cardano’s (ADA) one transaction per block issue that has been criticized.

With the CIP 32 upgrade, Cardano (ADA) users will be allowed to “seamlessly” store their data on the chain. Finally, with the CIP 40 upgrade, Cardano’s (ADA) DDoS protection will be enhanced, ensuring that users are protected without any loss of collateral. The date of 29 June 2022 has been given for the highly anticipated Vasil hardfork in the Cardano (ADA) ecosystem.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Greenest Blockchain Cardano (ADA)

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The Cardano Foundation has long been promoting land restoration and tree planting using the Cardano (ADA) Foundation native token against global warming, climate change and deforestation. A weekend release by the Cardano Foundation says the trees planted have reached one million acres. These works of the Cardano Foundation, we can call the Greenest Blockchain Cardano (ADA).

We know that Cardano (ADA) will continue to work on climate. Signed an agreement with Veritree for reforestation efforts for nature conservation. The verification details of all planted afforestation transactions are recorded on the Cardano blockchain for transparency and reliability.

Cardano (ADA) and Veritree: “Veritree is a climate improvement platform that uses blockchain technology to record and track tree plantings for customers. The platform operates a “Cardano Forest” where users can donate Cardano (ADA) tokens in exchange for a limited number of TREE tokens. Veritree plants a tree for each exchanged ADA. These TREE tokens can be used for NFT digital art and digital trees.”

All tree verification details are recorded on the Cardano blockchain for transparency and reliability.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano Launches IdoWallet for Trading and Staking Tokens

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Launch of IdoWallet for Trading and Stake Cardano tokens. The details of the announcement made by the Idowall team are as follows. The Idowall platform allows users to manage, research and measure current and future Initial Dex Offerings (IDOs) and Token Pre-Sales in the Cardano Ecosystem.

IdoWallet will allow users to stake $WALL tokens to collect and earn more ADA, or stake ADA to earn more $WALL tokens.

What is IdoWallet:
It is a proprietary application that allows users to store their private keys to send, receive and spend digital currency under the Cardano Ecosystem.

Read More: coinquora

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

“Pure digital” payment processor Flexa brings Cardano (ADA) to list of payment options

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Flexa payment processor (Pure digital) has added support for the Cardano cryptocurrency ADA, bringing ADA to the network’s ever-growing list of available payment options.

Cardano ADA is now on Flexa. Flexa recently tweeted as follows:
“Finally, Cardano’s local presence is live on Flexa. Now you can instantly spend your $ADA in over 40,000 locations across the US!”

In the announcement made by Flexa; SPEDN users can try instant ADA payments on the network. For example, to “enable digital currency payments for movies and more” to purchase tickets from Regal Cinemas, the American cinema chain that partnered with Flexa in late November.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano Foundation Disclosure; 2021: A year of incredible growth

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The first three phases of the Cardano roadmap, Byron, Shelley, and Goguen are now mostly deployed, enabling diverse ecosystem engagement and network growth. Major developments include full decentralization of block generation and full application coverage in Cardano, including data storage, asset creation and smart contract capabilities. Next year will take us first to Basho and then to Voltaire. Basho’s focus will be on scaling the network to billions of enterprise-level transactions, while Voltaire will focus on increased governance on the chain.

But before we look further, let’s take a look at our achievements and progress in 2021, a year of continued growth, technical innovation, community expansion and partnerships.

Reaching new milestones on the Cardano blockchain
Throughout 2021, the Cardano ecosystem has reached several key milestones. These milestones have helped drive blockchain adoption and ultimately expanded our community to record numbers. Two areas in particular have made progress towards on-chain adoption and use:

Addition of Native Tokens – This new feature was enabled in March, Cardano allows trading and creation of multiple assets. As a third generation blockchain, Cardano has a unique design to have a multi-asset ledger.

Why is this important? – Cardano users can directly generate private tokens and execute transactions directly without the need for smart contracts. This offers distinct advantages for developers as it is a unified process for asset creation and management. For example, since the ledger handles all token-related functions, there is no need to create smart contracts to handle custom tokens, thus eliminating the added layer of complexity and the possibility of manual errors.

Smart Contract Capability – Alonzo Hard Fork brought programmability to Cardano in September 2021. It enabled the creation and deployment of Plutus-powered smart contracts, enabling us to prepare for our next technical era, Basho.

Why is this important? – It is now possible for developers to build decentralized applications (DApps) and decentralized finance (DeFi) use cases on the Cardano blockchain. This opened up the ecosystem to more opportunities for on-chain use.

These developments have led to rapid growth on the chain, for example we exceeded 23 million transactions in December! Community aggregators of Cardano projects estimate that there are about 274 projects currently in development or actively working on the network. These projects span a number of different industries, from insurance, payments, lending and borrowing to wallets, stablecoins, decentralized finance and decentralized exchanges.

Additionally, Cardano currently has more than 2.5 million native assets, of which more than 2 million are Fungible Tokens (NFTs).

There are many other success moments, some of which we highlight in the timeline below.

Read More: Source

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.