There are encouraging on-chain activities in Cardano. According to Santiment, an on-chain analytics platform, on August 14, there were 25,294 wallet addresses with at least 100,000 ADA, the highest in over 16 months. The uptick could signal interest, especially considering that prices are under pressure looking at the performance in the daily chart. ADA Whales Accumulating…
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Cardano’s DeFi footprint and network activity show an uptick in users, but will it be enough to sustain ADA’s recent bullish price action? Cardano experienced a remarkable price surge of 23.9% on July 13, leaving investors curious about the potential for further gains. This significant rally comes on the heels of a favorable judicial decision regarding…
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The toolkit will allow for creators of sidechains to choose their own consensus mechanism and other application-specific features, whilst inheriting the security of the main chain. The team behind the Cardano ecosystem will release a software toolkit later this month that will enable developers to deploy custom-built sidechains on Cardano aimed at improving the ecosystem.…
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Strong ADA accumulation among whales is also in progress, according to on-chain data. Cardano (ADA) price has been rebounding after falling to its worst levels since February 2021. Meanwhile, a technical fractal suggests that ADA’s upside retracement could continue in the coming weeks. Can ADA price extend the recovery? ADA’s price has started bouncing after…
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The digital currency network Cardano is two days away from the upcoming hard fork on September 12 and the community is expecting to see functional smart contracts. These can be used for decentralized finance (defi), non-fungible tokens (NFTs), and other types of decentralized applications (dapps). Cardano has managed to capture the third-largest crypto market capitalization…
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