Research Firm: Cardano (ADA) Is One of the “Most Bullish” Crypto Assets

Aside from Bitcoin, Cardano (ADA) has rapidly become one of the most popular cryptocurrencies over recent weeks by investors and traders alike. The prominent altcoin, which has re-entered the top-10, has recently been subject to a strong boost. Data indicates that ADA is up 150% since the start of 2020, outpacing Bitcoin by around five times and other mainstream assets by many times more. Despite its already-strong outperformance, a top research firm in the cryptocurrency market has suggested that Cardano has room to run. Related Reading: Crypto Tidbits: Bitcoin Stalls…

This Binance Launchpad Alum Believes It Has Cardano, EOS & Algorand Beat

Elrond (ERD) believes it has what it takes to overcome the behemoths of the proof-of-stake, or PoS, world. This Romanian PoS blockchain raised $3.25 million in an Initial Exchange Offering, or IEO, in July 2019. Elrond CEO, Beniamin Mincu, told Cointelegraph that Binance’s IEO process was very tough. He explained though that through perseverance, the project was able to raise the necessary funds, and receive significant exposure. Ethereum 2.0 — ahead of schedule Elrond’s technological stack reads very similar to what has been anticipated for Ethereum (ETH) 2.0 — sharding,…

Cardano Price Hits 2020 Top Following Network Upgrade – Will the Rally Sustain?

ADA, the native token of Cardano, established a new 2020 top on Wednesday. The eighth-largest cryptocurrency surged to $0.097 for the first time in 13 months. The latest gains came as a part of a broader uptrend that began in March 2020 but received an additional boost from Cardano’s network upgrade news. Cardano is going to the moon before its top crypto competitor Bitcoin. The blockchain platform’s native asset ADA reached its year-to-date high on Wednesday. As of 2300 UTC, the ADA/USD exchange rate topped at $0.097, its highest since…

ADA Price Excels With Cardano Upgrade Inbound

Cardano (ADA) has seen its value increase by around 50% since May 25. This recent value hike comes in the wake of project co-founder Charles Hoskinson revealing the roadmap for Cardano’s much-hyped “Shelley” upgrade via a YouTube podcast hosted by crypto pundit Lark Davis, also known as Cryptolark. As part of the aforementioned upgrade, the Cardano ecosystem will transition from being a centralized network to a distributed one. In regard to the matter, Hoskinson stated: “This is like Ripple changing its consensus protocol. […] No cryptocurrency has really done this…

$300 ETH? Ethereum Looks to Be Next Major Crypto to Follow Cardano

Recently, several altcoins have been showing strength. A few good examples are Theta Token (THETA), Zilliqa (ZIL), and Elrond (ERD). However, the large caps are lagging heavily and the only large-cap performing well has been Cardano (ADA). As smaller cap altcoins begin to lift off, some investors might be wondering exactly what is needed for a significant surge in the large caps? Does the market need confirmation from Bitcoin (BTC), the top-ranked digital asset on CoinMarketCap, or is the top altcoin Ether (ETH) the signal?  Crypto market daily performance. Source:…

Cardano Founder Charles Hoskinson Calls Crypto a ‘Political Movement’

Charles Hoskinson, the creator of Cardano (ADA), has described participating in cryptocurrency as an inherently political act. Speaking during an impromptu ask-me-anything on YouTube, Hoskinson asserted that crypto-driven fundamental disruptions to monetary relations will not come without struggle, placing the crypto phenomenon within the political arena.  Hoskinson also urged members of the crypto community to take a stand against increasing regulatory moves to crack down on encryption. Crypto is inherently political In the AMA streamed on June 5, Charles Hoskinson proclaimed that “Crypto is a political movement.”  “Crypto is as…

Cardano Price Rallies 60% Following Shelley Proof-of-Stake Upgrade Announcement

The price of Cardano (ADA) has increased 60% in the week following Cardano co-founder Charles Hoskinson revealing the roadmap for the Shelley upgrade in a YouTube podcast with Lark Davis, aka Cryptolark.  Shelley will see the network upgraded from a centralized network to a distributed one through the Shelley protocol upgrade by July 7, viewers were told, in conjunction with details about staking rewards and the hard fork. This is the biggest change in protocols from any blockchain project, according to Hoskinson: “This is like Ripple changing its consensus protocol…

Cardano (ADA) Recovers After Market-Wide Crash, But Crucial Metrics Spell Trouble

The last few days have been quite dramatic in the cryptocurrency industry, for Bitcoin to Cardano. On Monday, Bitcoin sliced through the $10,000 resistance level for the first time since the beginning of the year. Following the upswing, some of the most prominent analysts in the industry affirmed that the increasing rift between the U.S. and China could propel BTC towards its all-time high. A few hours later, however, the flagship cryptocurrency plummeted by $1,000 in less than five minutes. The plunge liquidated more than $100 million worth of long…

Cardano and Ethereum Price Surge Alongside Bitcoin — Will XLM Follow?

The price of Bitcoin (BTC) has been trading in a defined range over the past weeks as the halving hype has passed. Bitcoin’s price action also led to increased volatility in altcoins and some of the smaller altcoins have been showing impressive strength. So far, Theta Token (THETA) and Band Protocol (BAND) have been heavy movers. However, in the previous days, the larger cap altcoins have started to move up, with Cardano (ADA) and Ether (ETH) as the primary movers. As Bitcoin attempts to find a way back to $10,000,…

Cardano is Working on a Microchip That Would Give Crypto a Cash-like Experience

In a recent Cointelegraph interview, Charles Hoskinson elaborated on the crypto-native chip that IOHK is working at its blockchain lab at the University of Wyoming that may lead to many groundbreaking use cases, including a cash-like experience for cryptocurrency. Crypto-native microchip It all began when IOHK, the company charged with the development of Cardano (ADA), began exploring supply chain use cases and realized that there were no chips on the market that could satisfy its requirements — embeddability, ability to store cryptographic keys, and being inexpensive to produce: “Really what…