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Cardano News
Crypto-News-Flash
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Cardano News: IO’s Journey in Africa – RealFi and Atala PRISM Lead the Way
- Cardano's IO and Charles Hoskinson aim to make a real impact in Ethiopia using blockchain technology.
- The Ethiopian government is collaborating with IO to accelerate the digital future of the country.
- An education program has been initiated to train fresh graduates in using Cardano to boost the agricultural sector.
- IO's Atala team's platform, Identus, has contributed to the development of decentralized identity solutions in Ethiopia.
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Cryptoticker
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Cardano Price Prediction as ADA Price Breaks $1 – What’s Next?
- XRP hits $1.60, its highest price in 2024, as Cardano breaks the $1 psychological barrier.
- XRP's upward momentum is driven by increased adoption, institutional interest, and optimism surrounding Bitcoin.
- Cardano's impressive performance includes a +7.4% gain in the last 24 hours and +20% in the past week.
- Analysts predict Cardano could reach $1.50 in the coming months, depending on Bitcoin's performance.
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TheNewsCrypto
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Is Cardano Prepping for Bull Run as Price Affirms Hold Above $1?
- Cardano price has surged by 7.94% in the last 24 hours after recent minor dips.
- Cardano (ADA) shows a 7.94% price increase, trading at $1.0665.
- Cardano's price has surged by 23.65% in the past week, breaking its long-term resistance at $1.
- Technical indicators show positive signs, indicating a potential upcoming bull run for Cardano.
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Bitcoinik
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BitcoinOS team responds to Cardano founder citing the controversy related to $BOS token
- The BitcoinOS team responded to Cardano founder, Charles Hoskinson, regarding the controversy surrounding the $BOS token.
- BitcoinOS clarified that Bitcoiners and Cardano lovers will not be restricted to using the $BOS token, but will have the choice to use Cardano ($Ada), Bitcoin ($BTC), or $BOS token to pay fees on the Cardano-Bitcoin bridge.
- The team assured that the $BOS token will be invisible to users and payments can be made in BTC or other tokens, similar to Babel fees on Cardano.
- However, the sudden announcement of the $BOS token without prior mention in their whitepaper caused confusion in the crypto community.
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Crypto-News-Flash
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Cardano Surges to New Highs—88% of ADA Supply Now in the Profit Zone
- 88% of Cardano’s circulating supply is now in profit, signaling robust market momentum and potential selling pressure as holders may realize gains.
- ADA's Market Value to Realized Value (MVRV) ratio has climbed to 76.2%, indicating potential overvaluation.
- Cardano's ADA has seen a 27% surge over the past week, driving 88.4% of its circulating supply into profit.
- If ADA holders resist selling, the coin could reach $1.15, depending on sustained buyer interest and market confidence.
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TheNewsCrypto
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Cardano’s Rally Creates Profit-Taking Pressure as 88% of Supply Turns Profitable
- Cardano (ADA) has experienced a remarkable transformation in its market dynamics with a 27% weekly surge.
- 88.40% of the entire circulating supply of ADA tokens, valued at approximately $31 billion, is in profit-making positions.
- The Market Value to Realized Value (MVRV) ratio currently stands at 76.20%, potentially indicating overvaluation.
- ADA's critical support level at $0.93 will determine its next major move, with a breach potentially leading to a decline towards $0.79.
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Crypto-News-Flash
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Binance News: 2 Reasons Trump Might Pardon CZ
- Binance founder Changpeng Zhao (CZ) could be pardoned by Donald Trump as Cardano co-founder and a crypto-economic builder join the plea.
- CZ was sentenced to four months in prison and stepped down as CEO of Binance, but a pardon would remove legal consequences.
- Trump has granted pardons and reduced sentences more than most modern presidents, increasing the possibility of a pardon for CZ.
- The call for Trump to pardon CZ comes as his net worth surged after the US election and the incoming president presented himself as a friend of the crypto industry.
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NullTX
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Cardano Breaks $1 Mark As Network Growth Hits New Highs
- Cardano ($ADA) has reclaimed the $1 milestone, marking a significant recovery.
- The number of new user addresses hit its highest levels since June 2023, reflecting growing interest in Cardano.
- Cardano whales purchased over 130 million $ADA during the recent price dip, showing confidence in the project.
- Cardano's Total Value Locked (TVL) has reached all-time highs, indicating increasing utility of the network.
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Crypto-News-Flash
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Crypto Shake-Up: SUI Leads With $213M Unlock Amid Recovery Hopes
- Several cryptos, including Sui, DYDX, ZETA, and ADA, are reported to unlock a significant amount of their respective tokens into circulation.
- Sui is expected to release 64.19 million tokens ($213.77 million), while ZETA is set to unlock 53.89 million tokens ($38.45 million).
- These token unlocks could trigger a short-term drop in the market and raise concerns about long-term sustainability for the ecosystems.
- Analysts believe that Sui could sustain its bullish trend and reach a price of $4.7 despite the token unlock.
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Crypto-News-Flash
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Whales Accumulate 130M ADA – Is Cardano Ready to Break $1?
- Cardano (ADA) is expected to break the $1 resistance level as large investors accumulate 130 million ADA during the dip.
- An analyst predicts that ADA could reach $10 as whales show confidence through their acquisitions.
- ADA is currently trending above the 20-day SMA, but RSI suggests a potential short-term pullback.
- 70% of ADA investors are currently in profit, indicating optimism about its long-term potential.
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TheNewsCrypto
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Cardano (ADA) Price is All Set for a New ATH in 45–60 Days as This $0.10 Alternative Targets $19 in the same Timeline
- Cardano (ADA) is expected to reach a new all-time high in the next 45-60 days, with a current price of $1.00.
- Investors are also looking at Rexas Finance (RXS) as an alternative, with a predicted 19,040% increase by 2025.
- Rexas Finance aims to bridge the gap between real-world assets and digital tokens, offering a user-friendly tokenization platform.
- The presale of RXS has already raised over $15 million, and the token is expected to debut at $0.20 in early 2025.
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Cryptonews
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Cardano Unlocks New Features as First Zero-Knowledge Smart Contract Goes Live on Mainnet
- Cardano achieves a milestone by deploying its first zero-knowledge (ZK) smart contract on the mainnet.
- ADA's price rises 5% to US$1.01, reaching a level not seen since mid-2022.
- Halo 2, an advanced zk-SNARK system integrated into Cardano, offers trustless setup, recursive proofs, and enhanced interoperability.
- Further development is needed to fully unlock the potential of zero-knowledge technology within Cardano's ecosystem.
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Newsbtc
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Cardano Whales Buy The Dip – Metrics Show Increasing Demand
- Cardano (ADA) has surged to multi-year highs at $1.15, gaining 245% since November 5.
- Whales are aggressively buying Cardano, indicating growing confidence in its potential.
- Cardano's future remains exciting as large holders accumulate and market conditions align.
- ADA is testing a crucial supply zone around $1, with bullish momentum likely to continue if support is maintained.
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Bitcoinist
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Cardano Founder Predicts Bitcoin Price Will Hit $500,000 Within 2 Years
- Charles Hoskinson, the founder of Cardano and a co-founder of Ethereum, predicts that Bitcoin could reach a price between $250,000 and $500,000 within the next 12 to 24 months.
- Hoskinson attributes this potential surge to governments discussing a strategic Bitcoin reserve and the integration of decentralized finance (DeFi) capabilities into the network.
- He believes that DeFi within the Bitcoin ecosystem will surpass all other blockchain ecosystems in the next two to three years.
- Hoskinson highlights Cardano's suitability as a platform for developing hybrid applications that operate on both Bitcoin and Cardano networks.
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TheNewsCrypto
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Cardano Price Climbs 10.70% as Whales Accumulation Surge
- Cardano (ADA) witnessed a 10.69% surge in price over the last 24 hours, trading at $0.9959 with a $34.93 billion market cap.
- Over 130 million ADA was accumulated during recent dips, indicating growing confidence in the asset.
- Cardano's innovations, such as Halo2 and its integration with Bitcoin's DeFi layer, contribute to its potential.
- Technical indicators suggest strong buying pressure and the potential for a sustained uptrend for ADA.
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