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Cardano News
Bitcoinist
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Image Credit: Bitcoinist
Cardano Engineering Reaches ‘Inflection Point,’ Reveals Hoskinson
- Cardano's engineering culture has shifted towards a multi-team model for faster development and increased community involvement.
- IOG terminated contracts with two specialist vendors, sparking concerns about potential delivery delays in key projects.
- Hoskinson aims for the release of Leios in 2026, emphasizing the need for faster progress to advance Cardano's development.
- The tension between academic rigor and commercial speed in Cardano's development is highlighted amid calls for no more delays.
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Zycrypto
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202
Image Credit: Zycrypto
Charles Hoskinson Says This Update Will Make Cardano “The Fastest on the Planet”
- Charles Hoskinson believes that the upcoming Ouroboros Leios upgrade will make Cardano the fastest cryptocurrency globally.
- The Leios upgrade introduces a multi-layered block structure that can potentially support tens of thousands of transactions per second.
- Cardano's speed enhancement aims to compete with networks like Solana, Avalanche, Ethereum, offering high throughput with robust design.
- The development model includes efforts like Hydra, Mithril, and Starstream rollups to enhance performance, with Leios expected to be finalized by 2025 and implemented in 2026.
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Cryptoticker
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ADA Price Breaks Key Resistance: Is Cardano Set for a Major Rally?
- Cardano (ADA) has broken past a key resistance level, trading around $0.79 at present.
- ADA's price surge is backed by increased institutional interest in smart contract platforms and strong fundamentals.
- The daily chart shows a bullish breakout with ADA price surpassing major moving averages and indicating potential targets at $0.88 and $1.00.
- On the hourly chart, ADA maintains an uptrend with possible upside targets at $0.82 and $0.85 if $0.80 support holds.
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TronWeekly
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431
Image Credit: TronWeekly
Cardano (ADA) Breaks Out: Price Surge to $1.77 Expected
- ADA price is currently at $0.7562, up by 7.18% in 24 hours, with a significant increase in trading volume.
- Analysts predict potential price targets of $1.1378, $1.3609, and $1.7743 for Cardano based on its breakout from a falling wedge pattern.
- Cardano’s founder, Charles Hoskinson, faces accusations of manipulating ADA reserves, which he has forcefully denied.
- Analysts forecast Cardano hitting $1.66 by the end of 2025, with expectations to surpass the record high of $3.10.
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Bitcoinist
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52
Image Credit: Bitcoinist
Cardano Founder Finally Speaks Out On Secret ‘Diet Coke’ Meeting With Trump
- Charles Hoskinson broke his silence on the Mar-a-Lago 'diet coke' dinner incident involving Trump, revealing a series of confusing events that began in autumn.
- Discussions started in 2024 about a crypto czar and commission, with Hoskinson expressing willingness to serve if Trump won.
- Despite Trump's victory, David Sacks was appointed over Hoskinson, leading to further ambiguity about a potential crypto commission.
- Hoskinson was disinvited from a Mar-a-Lago event in March, where he was prepared to discuss crypto policies.
- The fallout involved concerns over ADA's inclusion in a crypto reserve list, leading to tension with technology adviser David Sacks.
- Hoskinson believes his removal was orchestrated due to fears of him challenging the decision to include ADA in the reserve list.
- Despite the confusion and backlash, Hoskinson emphasized the importance of bipartisan consensus on crypto regulation.
- He highlighted ongoing legislative efforts such as the Genius Act and stable-coin regulation discussions.
- Hoskinson reiterated the need for enduring crypto policies beyond individual administrations.
- The Cardano founder concluded that despite the complexities of politics, truth eventually prevails.
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TronWeekly
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Image Credit: TronWeekly
Cardano ADA Breaks Bullish Flag: Could $1.40 Be the Next Target?
- Cardano (ADA) breaks a major bullish flag pattern, signaling a potential trend reversal and upward movement.
- ADA aims to validate its bullish strength by holding above key support levels, targeting $0.7192, $1.0490, and $1.4022 with $0.3977 as a critical support level.
- The break in price action suggests a significant technical move for Cardano, emphasizing a confirmation of bullish setup through retesting and potential upward acceleration.
- Traders should remain cautious of a possible invalidation of the bullish setup if ADA closes below $0.3977, which could lead to a retracement or consolidation phase.
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TheNewsCrypto
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Cardano Risk Model Suggests ADA Bull Market Has Not Yet Started Despite Recent Uptick
- Cardano's price rebounded from a low of $0.64 on May 6 and surged to around $0.72 by May 8.
- A custom risk model shows Cardano at a 'Moderate Buy' level of 37, signaling a potential entry point.
- On-chain metrics indicate a 11.99% increase in active addresses, reflecting growing network activity for Cardano.
- While short-term gains hint at positive momentum, the risk model suggests that Cardano's true bull market cycle may still be in its early stages.
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Newsbtc
3w
88
Image Credit: Newsbtc
Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80
- Cardano is gaining bullish traction, pushing above the $0.70 mark as it attempts to reclaim the $0.75 resistance level.
- Top analyst Ali Martinez suggests that ADA looks poised for a potential breakout toward $0.80, with key support holding firm and market sentiment shifting favorably for bulls.
- Cardano faces a critical resistance test near the upper boundary of a key resistance zone, with a confirmed breakout above $0.75 potentially leading to a rally toward $0.80 amidst a broader altcoin rally.
- ADA is trading at $0.7232 with a strong daily gain of +7.70%, breaking above key moving averages and nearing the upper boundary of a descending channel, indicating a resurgence in bullish momentum and potential for a rally to $0.80–$1.00 range.
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Zycrypto
3w
202
Image Credit: Zycrypto
Cardano’s Charles Hoskinson Agrees ADA Price is About to Explode — Here’s Why
- Cardano founder Charles Hoskinson and investor Rick McCracken believe ADA is poised for a major price increase once the bull cycle begins.
- Hoskinson stated that the bull market for ADA has not even started yet, hinting at the potential for significant growth.
- New Cardano price risk model suggests that ADA's market is still in the early stages of the bull run, presenting a favorable opportunity for investors.
- Technical indicators and on-chain metrics support the positive outlook for ADA, with increasing network activity and whales accumulating ADA in anticipation of a price surge.
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Bitcoinist
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366
Image Credit: Bitcoinist
Cardano Founder Denies Allegations Of $619 Million ICO Misconduct
- Charles Hoskinson, co-founder of Cardano and CEO of IOG, denied allegations of misappropriating $619 million worth of ADA tokens from the 2015-2017 token-generation event.
- The dispute arose after claims that Hoskinson used a 350 million ADA transaction to 'rewrite the Cardano ledger,' which he refuted, stating that most of the ADA was redeemed by original buyers over a seven-year period.
- Hoskinson emphasized that 99.8% of Ada vouchers were redeemed by buyers, with the remaining 0.2% donated to Intersect, and mentioned plans to publish an externally audited report on the crowdsale and redemption history.
- IOG may pursue legal action against individuals making misconduct allegations and Hoskinson warned of possible litigation, stating that no further statements will be made until the closing report is published.
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TronWeekly
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256
Image Credit: TronWeekly
Cardano (ADA) Nearing Breakout: Analyst Predicts Surge to $0.80
- Cardano (ADA) is approaching a critical resistance level between $0.72 and $0.73, and analysts predict a potential breakout towards $0.80, last seen during the 2024 bull run.
- Analysts and traders are closely monitoring ADA’s descending channel, anticipating an upward surge if it can overcome the resistance level at the upper end of its current trading channel.
- The upper limit of the descending channel has become a strong resistance level for ADA, hindering its price rise, but a breakout could signify a move towards the $0.80 price level.
- Cardano's use of proof-of-stake mechanism and research-based approach has made it popular among crypto market players. At the time of writing, Cardano is trading at $0.715, reflecting a 4.39% gain in the last day.
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Medium
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159
Image Credit: Medium
Cardano Clash Season 2 Power Rankings
- Kills no longer count for points this season, signaling a likely meta shift towards faster racers, though the arc from getting kills will still hold significance.
- A weekly cash prize awaits the winners, leading to anticipated tough competition each night.
- The top team, USDM, consisting of PatTheGoat, Wrench, and Chillgiver, is favored as PatTheGoat has consistently topped the Time Trial leaderboards.
- Hype Unit, composed of Daxxziti and Osiris, has a strong multiplayer record and is expected to perform well in Season 2.
- The Kingdom with members like King Snooch, Sir Ducky, and Roguepanda, could challenge for the top spot depending on Ducky's form.
- 100x, led by Pepsin and supported by Raidenderp, Crimson Caravan, Swiffle, Ukin, and 91Polo, is predicted to be a strong contender as well.
- Genzio, consisting of Toki, Sambo, BurgessTheGamer, and Doom, is confident in their abilities and eyeing the first-place finish.
- FREN and Death Penguins are placed in the B Tier, with potential for surprising performances throughout the season.
- Old School Club, in the C Tier, has uncertain prospects, with Moizzz showing promise in time trials as a potential key player.
- Despite uncertainties, the upcoming season promises fierce competition and surprises as teams battle for victory and prizes.
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TronWeekly
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159
Image Credit: TronWeekly
ADA Price Surge: Is $1.4022 the Next Target for Cardano?
- ADA is showing bullish potential with a falling wedge pattern, indicating imminent growth as prices range from $0.4000 to $0.4200.
- A breakout above key resistance levels such as $0.7192 and $1.0490 could drive ADA towards higher price targets, with $1.4022 being a potential target.
- Positive Open Interest and funding rates reflect market confidence in ADA, supporting its potential for an upward trend towards $1.4022.
- Technical analysis patterns suggest that investors should consider buying ADA at prices between $0.4000 and $0.4200, aiming for target values at $0.7192, $1.0490, and $1.4022, with stop-loss orders suggested at $0.3006.
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Zycrypto
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234
Image Credit: Zycrypto
410 Million ADA Bought by Cardano Whales — Is $1 ADA Price Within Reach?
- Cardano whales accumulated over 410 million ADA in April, suggesting a push towards $1 as price nears $0.68.
- Whale wallets in the 10M–100M tier bought approximately $289 million worth of ADA, with technical indicators showing mixed signals.
- Large ADA investors view current prices as attractive entry points, anticipating strong price moves.
- ADA faces key resistance at $0.75 and a long-term ceiling at the 200-day moving average of $0.77, with potential for breakout if critical barriers are cleared.
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Newsbtc
3w
394
Image Credit: Newsbtc
Cardano Struggles At Resistance – Expert Sees A Retest of Lower Support Levels
- Cardano (ADA) is facing resistance around the $0.70 level, with upward momentum fading and selling pressure increasing.
- Analyst Ali Martinez suggests that Cardano may retest lower support levels after being rejected at a key resistance trendline.
- Despite recent pullback, Cardano rallied 40% from April lows but now faces renewed selling pressure amidst market uncertainty.
- ADA's current price level is at $0.6563, indicating growing bearish momentum and the potential for a deeper retracement if $0.63 support is breached.
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