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Cardano News
TheNewsCrypto
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BlockDAG’s X-Series Miners Sale Crosses $5M as Presale Hits $91.5M Will Cardano and Litecoin Catch Up?
- BlockDAG's miner sales have exceeded $5 million, with over 12,800 mining rigs sold.
- The presale revenue for BlockDAG has reached $91.5 million, driven by strong demand for eco-friendly and energy-efficient miners.
- Cardano (ADA) may experience a short-term correction after a recent price increase, while Litecoin (LTC) continues its steady climb towards a $300 target.
- BlockDAG's X Miner series has made crypto mining accessible and environmentally friendly, leading to significant growth and promising future prospects.
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Crypto-News-Flash
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Cardano’s Next Move Could “Shock” as ADA Targets $1 and Beyond, Analyst Says
- Crypto analyst suggests Cardano (ADA) could peak between $5 and $10, replicating its 2020-2021 move.
- Market currently down by 88%, similar to previous cycle before bull run.
- Analyst identifies bullish pattern and expects ADA to break out of six-month consolidation.
- ADA predicted to breach $1 resistance level by December 2024 and peak at $5-$10.
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Cryptopotato
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Bitcoin Leads Investor Activity with $159M in Outflows; But Multi-Asset Products Shine
- Bitcoin saw significant investor focus, with outflows reaching $159 million.
- Ethereum experienced a downturn, with $29 million in outflows.
- Multi-asset investment products brought in $29 million, marking 16 consecutive weeks of inflows.
- Canada and Switzerland showed a bullish trend with inflows of $43 million and $35 million, respectively.
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Zycrypto
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Charles Hoskinson Asserts ADA Growth is Just Beginning, Teases Upcoming ‘Cardano 2.0’
- Charles Hoskinson, the founder of Cardano (ADA), expressed his belief in the continued expansion of the blockchain platform.
- Hoskinson is optimistic about Cardano becoming the largest cryptocurrency ecosystem in the world, acknowledging that it will take time and collective effort.
- Cardano recently launched Midnight, a data-privacy-focused sidechain, which further solidifies its position as a leader in the crypto sector.
- Hoskinson teased the potential release of Cardano 2.0, hinting at more advanced features and a shift towards a more polyglot network architecture.
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Cryptoticker
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Cardano Price Prediction: ADA about to Breakout to this level...
- Cardano price is currently trading at $0.36 with strong support at $0.30.
- Traders and investors are eyeing the $0.30 support as a potential bottoming pattern.
- ADA's price action suggests an uptrend may be forming with higher lows.
- Bitcoin's rebound and increased investor confidence could push ADA to key resistance levels at $0.40 and $0.45.
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Bitcoinist
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Cardano Founder Praises SUI – Is He Staying With ADA? Here’s His Answer
- Cardano founder, Charles Hoskinson, addressed the crypto community to dispel rumors about his commitment to ADA.
- He praised the Sui blockchain project for its technology but clarified that he is not involved with the project.
- Hoskinson reaffirmed his dedication to ADA, highlighting its advancements and dismissing criticisms of outdated technology.
- He confidently projected Cardano to become the largest cryptocurrency ecosystem in the world.
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Crypto-News-Flash
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Cardano Remains “Number 1,” Says Hoskinson, Despite ADA’s Underperformance
- Cardano's Charles Hoskinson asserts that Cardano is the number one blockchain in the industry.
- Despite this claim, the price of Cardano's native token, ADA, is struggling and predicted to drop to $0.23.
- Cardano recently transitioned into a fully decentralized structure, with the largest layer 1 on-chain governance.
- Hoskinson criticizes Ethereum as a 'dictatorship blockchain' and emphasizes Cardano's focus on efficiency and decentralization.
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TheNewsCrypto
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Cardano Founder Charles Hoskinson Lauds Sui Network Over Solana
- Cardano founder, Charles Hoskinson, has praised the Sui network over Solana.
- Hoskinson believes Sui is a preferable alternative but still claims Cardano as the number one.
- He criticizes Solana's ecosystem and previously mocked its network reboot.
- Hoskinson also expresses concerns about Solana's centralization and highlights the optimistic view of the Sui network.
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Zycrypto
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Cardano Price Likely to Double on the Horizon as Bullish Breakout Gets Confirmed
- Cardano (ADA) is eyeing a bullish breakout towards a psychological price of $0.6.
- Analysts believe that Cardano's bullish move indicates a potential uptrend towards $0.665 and $1.
- ADA's price is currently up 1.01% in the past 24 hours, suggesting growing bullish momentum.
- Cardano's Midnight Testnet has entered the testnet phase, offering a secure on-chain environment for developers.
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TheNewsCrypto
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Charles Declares Cardano “Number 1” Amid Market Challenges
- Cardano founder, Charles Hoskinson, declares Cardano as still “number 1” and highlights its unique edge in decentralized governance.
- Cardano's native token, ADA, shows bullish reversal potential after breaking out of a falling wedge pattern.
- ADA undergoes a crucial retest phase, targeting resistance levels around $0.380.
- Decrease in whale activity and user engagement metrics may influence ADA's short-term price movements.
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Bitcoinik
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Cardano Founder Charles Hoskinson Breaks Silence on XRP & XRP Lawsuit Despite Earlier Vow
- Cardano founder Charles Hoskinson, who previously vowed not to speak about XRP, recently commented on the XRP lawsuit.
- Ripple is facing a lawsuit by the SEC over the sale of more than $1 billion worth of XRP.
- The SEC has declared XRP an unregistered security token, and the legal battle between Ripple and the SEC continues.
- At the time of reporting, Cardano's native token ADA is trading at $0.35, showing a 5% increase in the last 24 hours.
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Bitcoinist
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Cardano Developer IOG Axes Atala Prism Project Once Slated For Ethiopia
- Input Output Global (IOG) has discontinued the development of its Atala Prism project in Ethiopia.
- Atala Prism aimed to leverage the Cardano blockchain for decentralized identity solutions.
- The project gained attention for its partnership with the Ethiopian government to deploy a blockchain-based national student and teacher ID system.
- Despite the termination of Atala Prism, a small team will continue developing the Hyperledger Identus Project.
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Bitcoinik
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Beware of Fake Cardano Upgrade Scams: Cardano Scam Alert
- Scammers have targeted Cardano investors with a fake Cardano Post-Chang Hard Fork Upgrade scam.
- Cardano recently underwent the Chang Hardfork to implement an advanced governance system.
- Scammers sent emails to ADA coin holders, asking them to migrate to a new token falsely claiming it was necessary.
- Community members have been urged to ignore the fraudulent emails and not interact with them.
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Crypto-News-Flash
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Charles Hoskinson Celebrates Major Cardano Milestone with Midnight Testnet Launch
- Cardano's Midnight team has launched a testnet for developers and organizations to improve user experience.
- The testnet provides a stable environment for building on-chain applications while protecting sensitive data.
- Developers can easily ramp up and start working on smart contracts using the Midnight network.
- The testnet introduces programmable data protection capabilities and a stable sandbox environment for testing applications.
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Newsbtc
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Cardano (ADA) Struggles: Can Bulls Prevent Further Losses?
- Cardano (ADA) struggled to continue higher and started a fresh decline.
- ADA is consolidating losses above $0.3350 and trading below the 100-hourly SMA.
- There is a short-term bearish trend line with resistance at $0.3480.
- Immediate support is near $0.3400, while major resistance is at $0.3500 and $0.3600.
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