Cardano's ADA token has seen a significant decline from its peak, currently trading around $0.16 with a 2.14% drop in 24 hours and a 23% fall in trading volume. On-chain activity is weak, with daily transactions down to about 21,700 from a peak of 57,000, while active addresses remain relatively stable, indicating low-value engagement. Large investors or whales dominate trading and have been net sellers, adding downward pressure on ADA. The network hopes to revive interest through a treasury increase from 350 million to 500 million ADA to fund development, but success depends on boosting on-chain activity and attracting more protocols to the platform.
Charles Hoskinson, founder of Cardano, responded strongly to criticism from Lorenzo Valente, Ark Invest's Director of Research, who questioned Cardano's relevance in the crypto industry. Valente criticized the continued attention Cardano receives, su...
Cardano's development arm, Input Output Group, has launched Pogun, a platform that mirrors Bitcoin assets onto the Cardano blockchain. This allows Bitcoin holders to access decentralized finance (DeFi) services like lending and yield generation witho...
Cardano's ADA token has fallen 50% this year amid a bear market and suffered a $10 million hack on its BNB-Cardano bridge, raising concerns about security. On-chain metrics show low transaction volumes and user activity, suggesting the blockchain is ...
Cardano experienced a dramatic 1917.11% drop in spot flows within four hours, with outflows surpassing inflows by $303,100, indicating increased buying activity despite a 4.6% price decline to $0.166. This shift in capital movement suggests traders a...
Charles Hoskinson, founder of Cardano and former Ethereum co-founder, criticized Ethereum's governance model for lacking sustainable funding and relying on a few large organizations. He advocates for more decentralized governance through token holder...
