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Cardano

After a disagreement with Ethereum co-founder Vitalik Buterin, Hoskinson ventured out on his own to create a blockchain improving on issues including scalability and interoperability. Unlike Bitcoin and Ethereum, Cardano is a proof-of-stake blockchain platform, which many consider to be a more sustainable and energy-friendly alternative to proof-of-work.

Cardano was founded by Charles Hoskinson, the co-founder of Ethereum. Development of the blockchain platform began in 2015 and was launched in 2017. 

After a disagreement with Ethereum co-founder Vitalik Buterin, Hoskinson ventured out on his own to create a blockchain improving on issues including scalability and interoperability. 

Unlike Bitcoin and Ethereum, Cardano is a proof-of-stake blockchain platform, which many consider to be a more sustainable and energy-friendly alternative to proof-of-work.

Cardano has a supply cap of 45 billion ADA. There are currently 32 billion ADA in circulation. ADA is the native token used on the Cardano network. 

Cardano is named after an Italian Renaissance mathematician, Gerolamo Cardano, and its native token ADA is named after Ada Lovelace, a 19th-century English mathematician sometimes credited as the first computer programmer.

Blockchain analytics firm Santiment says that massive holders Cardano (ADA) are driving up the price of the eighth-largest crypto asset by market cap.  From trading at around $0.246 on January 1st to $0.412 last week, Santiment says the increase is primarily due to the heavy accumulation of deep-pocketed Cardano investors to the tune of 405.

Cardano Whales Quietly Fueling 65% ADA Rally This Year, According to Blockchain Analytics Firm Santiment

Bitcoin

Fantom

A widely followed crypto analyst is updating his outlook on Bitcoin (BTC), Cardano (ADA) and Ethereum (ETH) rival Fantom (FTM) after the Federal Reserve raised interest rates by a quarter percentage point.

Top Trader Updates Outlook on Ethereum Rivals Cardano and Fantom, Says Bitcoin Must Hold $23,000 to Avoid Larger Pullback

The price of Cardano (ADA) has remained within the bullish trend zone. The uptrend has reached a high of $0.40.

Cardano Gives In But Challenges Resistance At $0.40

A new decentralized stablecoin based on smart contract platform Cardano (ADA) is quickly gathering millions of ADA in its reserves. According to data from Djed (DJED), the new stablecoin has seen a parabolic rise in its reserve assets, leaving it overcollateralized as intended.

New Cardano-Based Stablecoin DJED Quickly Attracts Over 27,000,000 ADA in Reserves

Djed started on Tuesday and has a collateral backing ratio of 600% at the time of writing.

Cardano-Based Djed Stablecoin Attracts 27M ADA Tokens as Reserve Backing

Ethereum (ETH) rival Cardano (ADA) has seen its first overcollateralized stablecoin Djed (DJED) go live on the mainnet. DJED aims to be pegged with the US Dollar and is backed by Cardano's native token ADA. Last month, Djed-issuer COTI (COTI) announced that Djed had transitioned to a multi-chain network that now supports private payment networks.

‘New Era' As Cardano (ADA) Based Stablecoin Djed Goes Live on Mainnet

Djed, a decentralized stablecoin pegged to the US dollar, launched on the Cardano blockchain after being in development for over a year.

Cardano's decentralized stablecoin Djed goes live on mainnet

Decentralized exchanges MuesliSwap and MinSwap have announced their support for the upcoming Djed stablecoin.

Cardano-based exchanges confirm Djed listings ahead of stablecoin launch

The issuance of Djed's overcollateralized stablecoins has been a much-hyped topic in the Cardano community.

Cardano DEXs Will Support Djed Stablecoin Liquidity Pools Starting Next Week

Cardano raced to an 11-week high on Thursday, as markets reacted to data showing that gross domestic product in the U.S. rose by 2.9%. The token rose by as much as 5% earlier in the day, climbing to its strongest point since November.

Biggest Movers: ADA Climbs to 11-Week High, as Crypto Markets React to US GDP Data

The developers of Cardano's (ADA) new stablecoin have revealed when the dollar-pegged crypto asset is slated to launch. In a new blog post, payments firm COTI says that Djed, Cardano's new stablecoin, is scheduled to launch sometime next week.

New Cardano (ADA) Stablecoin Launch Revealed – Here's When Djed Comes Out

Dogecoin

Despite the hefty losses across the board, cryptocurrencies like Dogecoin and Cardano have enjoyed a heady start to the new year.

Dogecoin, Cardano Lead Crypto Dip as Market Sheds $27B Overnight

Cardano (ADA) price has been fluctuating as it did last week.

Cardano Is In Uptrend But Challenges $0.37 High

About half of Cardano's (ADA) nodes briefly went offline this weekend due to an “anomaly,” but the network quickly recovered, according to Cardano developer Input Output Global (IOG). In a Telegram announcement, IOG says that the issue only briefly impacted block production.

Cardano (ADA) Developer Addresses Incident That Caused Blockchain Malfunction

The Cardano (CRYPTO: ADA) blockchain network experienced an unexpected anomaly over the weekend, causing around half of the network's nodes to briefly go offline. According to a statement by Input Output Global, the engineering and research fintech company behind the Cardano blockchain, the anomaly caused a disconnection and restart of the nodes.

Cardano Blockchain Network Experiences Brief Shutdown As Half Of Nodes Go Offline

A short-lived outrage that affected over 50% of the network was automatically solved within minutes on Sunday.

Cardano Network Quickly Recovers After Brief Node Outage

Solana

Solana rose by as much as 20% Saturday, as crypto markets came alive to start the weekend. The token hit a 12-week high in today's session, breaking out of a key price ceiling in the process. Cardano also rose to its strongest point since November, with the global cryptocurrency market cap up 6.

Biggest Movers: SOL up 20%, ADA Hits Highest Point Since November

Shiba Inu

Ethereum

Chainlink

Polygon

Uniswap

Analytics platform Santiment says that the two largest meme coins by market cap and seven other crypto assets currently pose a relatively lower risk for investors. Santiment says that based on the market-value-to-realized-value (MVRV) Z-score, Dogecoin (DOGE) and Shiba Inu (SHIB) are undervalued and lower risk. Dogecoin is trading at $0.

Dogecoin, Shiba Inu and Seven Additional Crypto Assets Are Massively Undervalued Based on One Metric: Santiment

Charles Hoskinson, the co-founder of Cardano (CRYPTO: ADA), revealed his intention to explore the possibility of acquiring CoinDesk, a crypto news service. What Happened: This comes a day after CoinDesk was reportedly engaging financial advisory firm Lazard to explore options for a partial or full sale, as part of its strategic review.

Cardano's Charles Hoskinson Shows Interest In DCG's CoinDesk: 'I Could Afford It If I Really Wanted To'

Cardano (ADA) price has continued to rise, reaching a high of $0.37.

Cardano Is Stuck At $0.36 And Is In An Overbought Zone

Avalanche

Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token economy has swelled by $78 million over the last 30 days, increasing from $243 billion to the current $321 billion.

Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Million in 30 Days

Input Output Global (IOG), the development team behind Ethereum (ETH) rival Cardano (ADA), is announcing the launch of a new toolkit that allows for the building of sidechains for the Cardano network.

Cardano Developers Reveal Critical New Toolkit for Ethereum-Compatible Sidechains

Sidechains will make Cardano more scalable without compromising the stability or security of the main chain, developers said.

Cardano Developer IOG Deploys Sidechain Toolkit to Boost Blockchain

Cardano (CRYPTO: ADA) has flipped Dogecoin (CRYPTO: DOGE) to become the eighth largest cryptocurrency by market capitalization. What Happened: At the time of writing, ADA was trading up 0.55% at $0.32, in the last 24 hours.

Ethereum Rival Overtakes Dogecoin Market Cap Amid Bitcoin, Crypto Rally

Decentralized finance (DeFi) activity is soaring on Cardano (ADA) as the Ethereum (ETH) competitor kicks off a red-hot start to 2023. The DeFi tracker DeFi Llama reports that Cardano has $65.97 million in total value locked (TVL) at time of writing, roughly a 36% increase from January 1st when Cardano's TVL registered at $48.5 million.

News for Cardano Crypto (ADA)