Cardano Price Retests Key Resistance as DeFi TVL Hits Record
July 4 (Cointime) - Cardano's price has been stagnant at $0.2972 for a while, despite other coins surging. This is due to the recent SEC decision to label it a security, causing Robinhood to delist the coin.
Cardano's DeFi Total Value Locked Reaches All-Time High
July 4 (Cointime) - One way to measure the health of a blockchain network is by looking at the state of its Decentralized Finance (DeFi) ecosystem, specifically the Total Value Locked (TVL). Despite some price volatility, Cardano (ADA) has seen a subtle but notable growth in its DeFi TVL, reaching an All-Time High (ATH) of 557.62 million ADA coins locked on associated DApps.
Cardano's On-Chain Transaction Volume in Profit Spikes, but Price Rally Unlikely
July 4 (Cointime) - Cardano's on-chain transaction volume in profit has been higher than in loss in recent weeks, according to data from Santiment. However, this does not necessarily indicate a price rally as the altcoin has seen a decline in value by 22% over the last 30 days.
Vodafone Partners with Cardano to Launch NFT Collection, Signaling Mass Adoption
July 4 (Cointime) - Vodafone has partnered with Cardano to release an NFT collection, which is a significant step towards mass adoption. The collaboration showcases Cardano's capabilities and attracts more organizations to its network.
Cardano Founder Charles Hoskinson Announces Temporary Departure From Twitter Due to Twitter’s Decision To Impose Reading Restrictions
July 3 (Cointime) -Cardano founder Charles Hoskinson announced on Twitter that he is temporarily leaving the social media platform due to controversy over Twitter's decision to impose reading restrictions on users.
Cardano's Recovery Stalls at $0.3 Hurdle Again Amidst Fluctuating Funding Rates and SEC Labeling Weighing Over Price Performance
July 2 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Cardano's recovery has been halted at the $0.3 hurdle and the US SEC labeling it as a security is still impacting its price performance.
Cardano Founder Takes Break From Twitter Amid 'Rate Limit' Mayhem
July 2 (Cointime) -Cardano founder Charles Hoskinson announced on Twitter that he would be taking a short hiatus from the social media platform. This comes amid the ongoing rate limit controversy sparked by Twitter's decision to impose reading limits on users. Twitter, under the leadership of CEO Elon Musk, implemented these restrictions as a measure against "extreme levels" of data scraping and system manipulation.
Cardano's Voltaire Era: How Cardanians Will Vote with CIP-1694 Protocol Governance
June 30 (Cointime) - Cardano enthusiasts are preparing for the final phase of the blockchain's decentralization with the implementation of Voltaire. The protocol governance scheme for Voltaire, which includes an innovative on-chain governance mechanism, has been shared by Input Output Global (IOG), the development entity behind Cardano.
Revolut to Delist Cardano, Polygon and Solana in the US Amid Regulatory Developments
June 30 (Cointime) - Revolut, a cryptocurrency-friendly neobank, will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) from its platform in the United States in September due to changing laws and regulations around cryptocurrency in the country. Revolut notified its U.S. customers about the change on June 29, stating that buying these tokens is immediately closed for all customers.
Cardano Retraces Gains, Open Interest Slumps, and BTC Dominance Rises: Short-Term Bearish Sentiment Prevails
June 29 (Cointime) - The writer's opinion is presented and it is not financial advice. The Open Interest of Cardano has decreased, indicating bearish sentiment. Despite a recent dip, ADA bulls may attempt to push prices higher after a nearby bullish order block. Bitcoin dominance has been trending higher since mid-June, causing the altcoin market to lag behind.
