Cardano's ADA token dropped sharply after breaking a key support at $0.24, hitting a low of $0.14 amid declining transaction volumes and user activity. Despite being labeled a "zombie chain" due to low network usage, ADA has recently bounced 10% and shows technical signs of recovery. If ADA can retake the $0.24 level, it may follow a historical pattern to rise back to $1, similar to its 2022 recovery. However, the broader crypto market remains challenging, and Cardano's ecosystem growth has stalled compared to peers like Ethereum and Solana.
Ethereum researcher Toni Wahrstätter proposed a new payment model using native UTXOs to reduce Ethereum's blockchain state size by about 99.8%, inspired by Bitcoin's UTXO system. This approach contrasts with Ethereum's current account-based system an...
Ethereum developers proposed EIP-8141 to integrate Bitcoin-style UTXO mechanics, similar to Cardano's eUTXO model, to reduce database growth by 99.8%. Cardano founder Charles Hoskinson criticized Ethereum for adopting this approach without acknowledg...
Clearstream, a major European post-trade services provider under Deutsche Börse Group, has expanded its cryptocurrency custody services beyond Bitcoin and Ethereum. The new additions include XRP, Stellar (XLM), Cardano (ADA), Solana (SOL), Litecoin (...
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...
