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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.

The creator of smart contract platform Cardano (ADA) is calling out President Joe Biden's stance on a planned resolution that would enfeeble the U.S. Securities and Exchange Commission (SEC). In a new video update, Charles Hoskinson tells his 315,000 YouTube subscribers that Biden saying he would veto H.J.

‘Just a Bunch of Noise and Garbage': Cardano Creator Blasts Biden's Stance on Planned Repeal of SEC Custody Law

Ethereum

Cardano (CRYPTO: ADA), the tenth-largest cryptocurrency by market cap, defied the broader market downturn to post impressive gains in the 24-hour timeframe. What Happened: ADA spiked 4.23% in the last 24 hours to trade at $0.463 at the time of publication, according to data from Benzinga Pro.

This Ethereum Killer Is Defying Gravity Amid Downturn In Major Crypto Prices — Are We Getting Ready For A 'Parabolic Bull Run?'

The price of Cardano (ADA) is in an upward correction and is approaching the 21-day SMA or the $0.48 level.

Cardano Is Under Strong Selling Pressure At Its $0.48 High

A closely followed crypto strategist believes that one Ethereum (ETH) competitor is ripe to witness steep bursts to the upside. Trader Ali Martinez tells his 61,400 followers on the social media platform X that he is bullish on Cardano (ADA).

Crypto Trader Says Top Ethereum Rival Primed for Massive Bull Run Ahead, Updates Outlook on Bitcoin

Technical chart analyst Ali Martinez points out Cardano (CRYPTO: ADA) may be set for an impressive bull run like in 2019. What Happened: In a May 3 thread on X, Martinez drew a parallel to the 2019 cycle when ADA consolidated within a parallel channel, signaling an end to the bear market.

Cardano's Corrective Phase Could End Soon, Potential 'Impressive Bull Run Ahead,' Writes Analyst

A Cardano (ADA) whale metric recently indicated the Ethereum (ETH) competitor could be primed for a price reversal, according to the crypto analytics firm Santiment. On Monday, Cardano whale transactions exceeding $100,000 in value surged to their highest number since November 8th. Explains Santiment, “These spikes in whale activity historically correlate with potential price reversals.

Cardano Whale Signal Historically Correlated With Price Reversals Flashes Green: Santiment

The price of Cardano (ADA) is moving in a range below the moving averages. ADA price analysis by Coinidol.com.

Cardano Stabilizes Above $0.46 As Bulls Stop The Slide

Uniswap

A popular crypto trader says the top decentralized exchange (DEX) Uniswap (UNI) is flashing a short-term bullish signal.

Crypto Analyst Says Uniswap Flashing Short-Term Bullish Signal, Updates Outlook on Cardano

The recovery of Cardano (ADA) after the previous decline is hindered as the price falls below the moving average lines and above the $0.40 support.

Cardano Oscillates Above $0.40 As Bulls Seize The Initiative

A cryptocurrency analyst and trader is expressing bearish sentiment on Cardano (ADA). In a new video, the analyst pseudonymously known as Credible Crypto tells his 48,700 YouTube subscribers that Cardano currently “does not look great”.

Crypto Analyst Issues Cardano Alert, Warns ADA Could Crash by up to 74% – Here's His Outlook

Cardano (CRYPTO: ADA) has been trading sideways over the past month, but analysts remain optimistic. What Happened: Crypto chart analyst, Ali Martinez forecasts "another impressive rebound" for Cardano, after its market value to realized value dropped to under 22%.

Crypto Analyst Ali Martinez Expects 'Another Impressive Rebound' For This Altcoin

The price of Cardano (ADA) falls below the moving average lines but remains above the $0.57 support.

Cardano Pauses Above $0.57, But Maintains Its Range

A popular crypto trader thinks Ethereum (ETH) rival Cardano (ADA) could be on the verge of skyrocketing by more than 190%. The on-chain analyst Ali Martinez told his 57,500 followers on the social media platform X last month that ADA's price movement resembled a pattern observed from 2018 to 2021.

‘Exactly Where It Should Be' – Trader Says Leading Ethereum Rival on Cusp of Skyrocketing by Over 190%

Renowned crypto analyst, Ali Martinez, predicts a consolidation phase for Cardano (CRYPTO: ADA) before a potential breakout. What Happened: On Wednesday, Martinez took to X, formerly Twitter, to express his views on the current state of Cardano, a currency sometimes labeled as an Ethereum (CRYPTO: ETH) killer.

This Ethereum-Killer Is Consolidating Before Heading For A 'Breakout' That Could See It Shoot Up 188%, Says Crypto Analyst

Bitcoin

Dogecoin

One analyst said profit taking by long-term holders spiked meaningfully into the $73,000 level and has cooled down in recent weeks, supporting a bullish bias in the future.

Bitcoin Falls Below $69K Ahead of U.S. CPI; Cardano, Dogecoin Lead Majors Losses

After holding a leading spot among the top cryptocurrencies for years, cardano (ADA) has recently been relegated to the tenth position. This shift occurred as toncoin (TON) ascended, surpassing the market capitalization of cardano. Toncoin Overtakes Cardano in Market Cap Over the past year, bitcoin (BTC) has increased by 148.4% and ethereum (ETH) by 93.

Cardano Slips to 10th Position, Underperforming in a Surging Crypto Market

Charles Hoskinson has criticized “all the dunking of Cardano,” and asserted that the protocol offers the “optimal route for scalability, governance, and innovation.” According to Hoskinson, the crypto industry's problem is that it allows “carnival barkers [to] dominate the conversation.” Cardano FUD Charles Hoskinson, co-founder of Input Output Global Inc.

Charles Hoskinson Criticizes Cardano ‘Dunking,' Expresses Concern Over ‘Carnival Barkers' Dominance

Grayscale Investments has removed cardano from its Digital Large Cap Fund. The crypto fund now holds bitcoin, ethereum, solana, XRP, and avalanche. The crypto asset manager also adjusted the holdings of its Smart Contract Platform Ex-Ethereum Fund.

Grayscale Removes Cardano From Its Crypto Large Cap Fund

The price of Cardano (ADA) has fallen below the moving averages. Price analysis by Coinidol.com.

Cardano Falls Within Its Range As It Does Not Exceed $0.80

Cardano‘s (CRYPTO: ADA) muted performance throughout this bull run has analysts wondering whether the lull in activity may precede consolidation or a price drop. What Happened: Grayscale Digital Large Cap Fund announced the liquidation of all its ADA holdings, as per a press statement.

Cardano Tumbles 10% On The Week As Grayscale Dumps Its Holdings

The price of Cardano (ADA) recovers from its fall below the moving averages.

Cardano Loses Value As It Reaches $0.65

David Gokhshtein, a well-known advocate for Dogecoin (CRYPTO: DOGE), recently expressed his admiration for Cardano (CRYPTO: ADA), attributing it to his long-standing interest in the cryptocurrency. What Happened: Gokhshtein, the founder of Gokhshtein, took to social media platform X formerly known as Twitter to voice his support for ADA.

Longtime Dogecoin-Bull Says He's A 'Big Fan' Of ADA And It Didn't Happen Overnight: 'You Either Love Cardano Or Not'

The price of Cardano (ADA) has fallen below the moving average lines.

Cardano Pauses Above $0.58 And Resumes Horizontal Trend

A new dollar-backed stablecoin has launched on the Cardano (ADA) mainnet. The financial firm Mehen launched the USDM stablecoin over the weekend, noting that institutional users would spend a day or two onboarding the asset. The issuer says the stablecoin will “slowly be arriving on-chain” this week.

USDM Stablecoin Goes Live on Cardano (ADA) Mainnet, Issuer Looking for Institutional Minters of Fiat-Backed Crypto

Fantom

Polygon

A widely followed crypto analyst is predicting a massive rally for one Ethereum (ETH) competitor while updating his forecasts on Cardano (ADA) and Polygon (MATIC). Crypto strategist Ali Martinez tells his 53,500 followers on the social media platform X that he envisions layer-1 blockchain Fantom (FTM) to surge to a price tag of $1.

News for Cardano Crypto (ADA)