Cardano price

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Cardano is one of the most popular cryptocurrencies today. A dedicated community of investors and users back this long-standing top-10 cryptocurrency. With smart contracts enabled on Cardano, we’re seeing more DeFi, NFT, and other projects choosing Cardano. Even with its many advantages, ADA’s price has decreased since the mainnet launched in 2017. After surviving the bear market of 2018-2019, the coin enjoyed a great rally in 2021. There was about $95 billion in market capitalization when Cardano reached its all-time high at $3.10. On the other hand, some Cardano investors think the upside is much higher, and $100 is a common price target. Can it happen? Before we decide whether Cardano – Proof-of-Stake smart contract platform Charles Hoskinson, the co-founder of Ethereum, launched the Cardano blockchain project in 2015. An Initial Coin Offering (ICO) raised nearly $62 million for Cardano’s development. The Cardano mainnet launched in September 2017 with limited functionality. Cardano got a series of upgrades over the next few years that improved its decentralization and added smart contracts and Proof-of-Stake. The Cardano blockchain uses ADA as its native asset. The ADA token helps the network pay transaction fees, incentivizing validators to keep it secure. Cardano’s ambitious roadmap and methodical development approach are heavily influenced by peer review. The Cardano blockchain’s consensus protocol, Ouroboros, is a provably secure Proof-of-Stake protocol. Cardano us...

Share: • Cardano price could rally on its listing on Europe’s largest crypto exchange later this week. • New developments and updates on the third-generation blockchain are expected to be revealed on November 25. • Cardano price prints a bullish formation which could see ADA rally toward $2.90 Cardano price is anticipating two major events that could see the token rally toward $3 and even higher toward its all-time high. The Ethereum-killer is set to be listed on Europe’s largest cryptocurrency exchange, and the ADA community is expecting news and updates on the protocol later this week. Cardano price awaits bulls’ power move With the listing of ADA on Bitstamp, enabling the exchange’s users access to the Ethereum-killer, the bulls may be incentivized to propel Cardano price higher. Later this week, on November 25, Input Output, the development team behind the Cardano blockchain, will be hosting the Cardano 360 November edition, where key developments, updates and news will be announced. The core team behind the protocol, as well as guests across the ecosystem, will share updates on the third-generation blockchain. In addition to the two upcoming major events for Cardano, the Ethereum-killer has formed a falling wedge pattern on the daily chart, suggesting a bullish outlook for ADA. The optimistic chart pattern suggests a 35% rally for Cardano price toward $2.90 if it manages to slice above the upper boundary of the technical pattern. Additional buying pressure could even ...

Cardano is an open-source proof-of-stake (PoS) blockchain in the cryptocurrency industry. The blockchain has a native coin that trades under the ticker ADA. History Built by IOHK, a firm focused on blockchain research and development, Cardano launched in 2017. Charles Hoskinson, the founder of Cardano, is also the CEO and co-founder of IOHK. Cardano’s development began in 2015, but the project did not go live until 2017. Cardano has a common theme when it comes to the names of the project components, which are all taken from the names of historical figures. The blockchain was named after Girolamo Cardano, an Italian who lived in the 1500s and was an expert in a number of fields, including mathematics. ADA, The Cardano Foundation, a nonprofit entity, watches over the project, pushing forward its adoption and development. Cardano’s Alonzo upgrade Cardano’s roadmap lists five broad stages of development: Byron, Shelley, Goguen, Basho and Voltaire. Each stage prioritizes a macro focus that includes various developments aimed toward that macro goal. Byron, Shelley, Goguen, Basho and Voltaire tout macro themes of foundation, decentralization, smart contracts, scaling and governance, respectively. Under the Goguen phase, Cardano completed the Alonzo upgrade in the latter half of 2021, enabling smart contract development and decentralized application development on the Cardano blockchain. Plans under Voltaire (the final stage) include turning the Cardano blockchain over to the com...