Cardano's ADA cryptocurrency has plunged to its lowest price since 2021, trading at $0.18 after losing nearly 73% of its value in 12 months. The decline is driven by failing decentralized finance (DeFi) tools and broad market liquidations affecting altcoins. Founder Charles Hoskinson highlighted the high costs of maintaining infrastructure and called for more community support and treasury spending to revive the ecosystem. The wider crypto market, including Bitcoin, Ethereum, and XRP, is also experiencing setbacks, signaling ongoing challenges ahead.
Cardano (ADA) fell 4% to around $0.18 on July 6, becoming the weakest among top 10 cryptos due to long liquidations and falling open interest. Founder Charles Hoskinson remains optimistic, highlighting the upcoming Leios upgrade that could increase t...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
SecondFi has announced it will not return to normal operations following a security breach that drained about 16 million ADA from 374 wallets. EMURGO, the company behind SecondFi, is prioritizing asset recovery for affected users and has halted produ...
Cardano (ADA) rallied over 31% last week, reaching a peak near $0.199 before settling around $0.188. The surge followed a low near $0.14 in late June and was supported by new wallet growth and increased futures open interest hitting $515 million, sig...
Cardano has seen a 33.09% price rebound over the past week, supported by the return of 14,783 new ADA wallets since its low on June 23. This recovery follows a period of heavy selling and community uncertainty fueled by ecosystem challenges and misin...
