Cardano

In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 cryptocurrencies by market capitalization. The popular altcoin has also been usurped by Tron (TRX), marking a significant shift in the crypto market.  Cardano’s Fall From Grace  According to reports from CoinMarketCap, Cardano has dropped out of the top 10 largest cryptocurrencies by market capitalization. The popular altcoin lost its long-standing position following significant price declines over the past week, which reduced its market capitalization…

At the peak of the 2020 to 2021 bull run, ADA, the native token of Cardano, rose to $3 in August. Interestingly, developers activated smart contracts around the top of this cycle after completing the Alonzo hard fork, ushering in the Goguen phase. Did Alonzo And Smart Contracts Kill ADA? However, as Atomic Wallet analysts note, ADA has been on a downtrend since then, crumbling by over 90% over the years at the time of writing. ADA is changing hands…

The post Tron overtakes Cardano, Open Interest rises by 52%, What’s next? appeared first on Coinpedia Fintech News In the cryptocurrency landscape, the majority of top cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) are continuously declining due to the current bearish market sentiment. Amid this downturn, Tron (TRX) is making waves with its impressive performance in recent days and also outshines Cardano (ADA). Tron (TRX) Surpasses Cardano (ADA) Despite other cryptocurrencies struggling, TRX is only the top cryptocurrency that has…

The crypto market has witnessed a substantial surge in the Cardano trading volume over the last 24 hours. Yet, the blockchain’s native token, ADA, has failed to deliver a proportional price increase.  Bullish Cardano Volume Data According to data from the information platform CoinGlass, Cardano, currently the 11th largest cryptocurrency by market capitalization, has experienced a 150% surge in trading volume in the 24 hours, amounting to approximately $477 million. CoinGecko’s data also corroborates this trend, revealing a substantial 67%…

The post Cardano (ADA) and Ripple (XRP) Bears Unable to Stop Bullish Momentum Triggering Altcoin Rebound appeared first on Coinpedia Fintech News The movements in the prices of Bitcoin and Ethereum have typically triggered the performance of the altcoin market. However, Ripple (XRP) and Cardano (ADA) have stood out for their recent stable performance, even amid the bear market, which affected many other altcoins. This set has driven analysts to predict a hopeful uptrend for altcoins in the future. In…

Cardano (ADA) finds itself in a challenging position, grappling with a 14% price decline even as it benefits from low inflation and notable network upgrades. The broader crypto market weakness has hindered ADA’s ability to maintain its upward momentum, with technical indicators showing bearish signals. As Cardano struggles, a new meme coin is emerging and capturing investor interest. Bearish Technical Indicators Signal Further Decline Cardano (ADA) is currently in a consolidation period, with price movement turning negative following the breakdown…

TRON has officially bumped out of the Top 10 list, but Cardano is still managing to hold its ground as the 10th largest crypto in terms of market cap. While these two battle it out, newcomer Rollblock (RBLK) is already stealing investor attention during presale with its unique crypto casino model! TRON (TRX) Surpasses 250 Million Accounts With TRON accounts surpassing the 250 million milestone, investors are eagerly waiting for a bullish recovery. Currently, TRON is trading at $0.127 with…

The post Cardano Price Prediction 2024-2030: Will ADA Price Hit $2? appeared first on Coinpedia Fintech News Story Highlights The live price of the Cardano token is  $ 0.34013442. ADA coin price could reach a potential high of $2.02 by the end of 2024. Cardano price, with a potential surge, could go as high as $10.32 by the end of 2030. With the increased bearish sentiment in the crypto market, Bitcoin price continues to hover close to its $66,000 mark. Further,…

The post Cardano (ADA) Remains Heavily Undervalued Amid Anticipated Altseason Ahead appeared first on Coinpedia Fintech News The Web3 is a truly dynamic world, and there’s no telling what the next development will be. Solana (SOL) and Toncoin (TON) has outshined Cardano (ADA). Cardano has drawn both praise and criticism, leaving its role in the crypto space up for debate. Some crypto enthusiasts view Cardano as a “sleeping giant” ready for a bullish breakout. Others, however, consider it a “zombie…