Cryptocurrency News Cardano – A blockchain platform for changemakers, innovators and visionaries, providing the tools and technology needed to create opportunity for the many and the few and drive positive global change.
Is a blockchain proof-of-stake platform: first built on peer-reviewed research and developed through an evidence-based approach. It combines cutting-edge technology to provide unrivaled security and stability for decentralized applications, systems and societies.
Cryptocurrency News Cardano
With a team of groundbreaking engineers, it exists to redistribute power to individuals marginalized by irresponsible structures and to be a driving force for positive change and progress.
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It restores trust in global systems through science, creating a more secure, transparent and sustainable basis for transactions and exchanges of people, governance systems and businesses.
Bringing new standards of open and inclusive technology to challenge old ones and usher in a new era of sustainable, globally distributed innovation.
Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol and the first to implement it. Ouroboros decentralizes the network and allows it to scale sustainably to meet global demand without compromising security.
The protocol is the culmination of a tireless effort based on fundamental research and driven by a vision of a safer, more transparent, and fairer global payment system as a means of redistributing power and control.
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The first blockchain platform built with peer-reviewed research to be secure enough to protect billions of data, scalable enough to accommodate global systems, and powerful enough to support fundamental change.
We changed science. We have changed what it means to build global systems and sustainable models of communication and governance.
Together with our community and partners, we are defining a new future: a decentralized future without intermediaries where power returns to the individual.
A dispersed team works across three separate entities to ensure it remains true to its purpose as we grow and develop. Cardano price started the week down in a broader downtrend in the cryptocurrency market. The largest cryptocurrency, bitcoin (BTC), was down 3.6% on the day, trading at $16,041, while ethereum (ETH) traded at $1,116.
Cryptocurrency Price Today: Bitcoin (btc), Ethereum (eth) Trading In Green; Dogecoin (doge), Cardano (ada) Slips
The FTX debacle continues to wreak havoc on the space, meaning a price recovery may remain elusive for the foreseeable future. As investors lose confidence in centralized exchanges (CEXs), discussions around decentralized exchanges (DEXs) are emerging.
According to Raphael Haupt, founder and CEO of Touken Protocol, the FTX debacle showed that decentralized crypto control still doesn’t matter. Regulators cannot bear the full burden, which requires integrating governance into the value chain – codified into smart contracts.
Haupt commented on the FTX crisis: “Use smart contracts and decentralized protocol governance wherever possible to create safer, more transparent railroads that allow the public to move any asset at any time.”
Cardano price fell further after failing to break the $0.44 resistance level. Although the $0.32 level was expected to act as support, the price has now fallen to $0.30, in line with the broader crypto market.
Crypto Price Today: Crypto Price Today: Bitcoin Holds $19k; Cardano, Xrp& Dogecoin Drop Up To 5%
Cardano price must remain strong at $0.30 to avoid a further drop to $0.25. Bulls should proceed with caution and consider a sell signal from the Moving Average Convergence Divergence (MACD), as indicated by the red bar.
On the other hand, if ADA can consolidate above $0.30 for a few days, it could make another attempt at $0.44 or higher in the coming weeks. But of course, the crypto market is not out of the woods yet.
According to data from Coinmarketcap, transaction volume has increased by 116% in the past 24 hours to more than $300 million. Investors remain on high alert due to the FTX debacle, with some preferring to convert their cryptocurrency holdings into dollar-pegged stablecoins such as USDT.
Net outflows from exchanges hit a record high last week, according to on-chain data published by CryptoQuant. Binance withdrew about 81,712 bitcoins, worth about $1.3 billion, from its vaults. According to Binance CEO Changpeng Zhao (CZ), a slight increase in withdrawals is normal during a market downturn.
Cardano (ada) And Solana (sol) Soar 20% As The Cryptocurrency Market Swims In Green
Despite the sharp drop in price, a large number of holders continue to show interest in ADA. From the chart below, holders are taking advantage of ADA’s low cost to fill their bags. The total number of addresses holding between 1 and 10 million tokens increased from 2,374 to 2,398, Sentiment reported on Nov. 20.
A similar pattern of growth is reflected in addresses holding more than 10 million ADA, currently at 477 from a 30-day low of 469. This trend shows that despite the short-term price correction, investors are confident in Cardano’s future.
It may take weeks or even months for ADA to reach $1 and above. That’s why some investors are starting to look to pre-sell cryptocurrencies for faster returns. Some of the best on the market today.
The Dash 2 trade-in is the first promising pre-sale. The platform enables traders and investors to create and test trading strategies in order to make informed decisions in the markets. Dash 2Trade aims to take your crypto trading to the next level by providing data-driven crypto signals.
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D2T is based on the Ethereum network and powers the entire Dash 2 trading platform. The token provides access to the crypto analytics, signals and social trading features needed to stand out in the market.
Another Ethereum-based platform, Robotera (TARO), is a sandbox-like metaverse where gamers can play as robots and participate in the creation of their virtual worlds. Its alpha version will go live in the first quarter of 2023, and its ecosystem allows users to create their own lands, buildings, and other in-game items based on NFTs.
1 TARO is currently selling for 0.020 USDT (can be purchased using USDT or ETH), but this price will increase to 0.025 USD in the upcoming second phase of the pre-sale.
Calvaria (RIA) is a new game that revolves around collecting and trading NFT-based cards that can also be used to battle other players and earn rewards. What sets it apart from other blockchain-based games is that users can play it without any cryptocurrency, which may make it more accessible to more casual gamers.
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In its ecosystem, RIA will be used to purchase in-game items and place wagers, making it widely used in its ecosystem. The token pre-sale raised over $1.8 million and is currently in its fourth phase, during which time there can be up to 40 RIA for 1 USDT.
RIA is currently priced at $0.025 and will rise to $0.03 in the next phase of the pre-sale.
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Cryptocurrency Today: Tether Teams Up With INHOPE To Fight CSAM, Mango Labs Sues Exploiters, “UK Must Step Up On Crypto Regulation” When it comes to situations like this, ADA puts meditation at its center. Coingecko data reports that the price of ADA has increased by 39.2% in the past week.
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On the other hand, this growth is driven by several factors, including NFT projects and the launch of the Pavia Metaverse. Both projects have managed to further boost the ADA price. In the past 24 hours, Cardano managed to grow by 3.0%.
Cardano, a smart contract network similar to Ethereum, has seen the crypto asset increase in value by 336.5% over the past 12 months, according to Bitcoin.com News. However, Cardano has been criticized in recent months for its number of smart contract projects and the almost non-existence of ADA-based decentralized finance (DeFi) and non-fungible tokens (NFT).
More recently, criticism of the ADA has started to fade. Defillam.com metrics show a total value locked (TVL) of approximately $3 million. In addition, Cardano has entered the NFT space and metaverse through several projects such as Clay Mates, Yummy Universe, Spacebudz, Pavia, and Cardano Kidz.
The NFT and Metaverse project was officially launched on January 15, 2022, called Pavia.io, which ADA supporters believe will be a competitor to Metaverse blockchain protocols such as Sandbox and Decentraland.
News For The Cardano (ada) Crypto
“Create, explore and trade Cardano’s first user-owned virtual world,” Pavia writes on its official website.
Additionally, Pavia announced that it has minted 100,000 virtual parcels as non-fungible tokens (NFTs). Cardano’s metaverse, Pavia, is named after the birthplace of Italian mathematician Gerolamo Cardano.
“Pavia.io has approximately 100,000 parcels in total, each printed as a single NFT with coordinates. At the time of writing, the project has sold approximately 60% of the parcels between October 2021 and November 2021 block. Finals are scheduled for the first quarter of 2022,” said Cardano’s Metaverse project announcement.
At the time of writing, data from CoinGecko shows the ADA cryptocurrency trading at IDR 22,440. Meanwhile, Cardano’s all-time high (ATH) has risen.