Trending Now: The Hottest Coins to Buy Right Now!
Discover the top cryptocurrencies to invest in today! Stay informed with the latest updates on the crypto market, but remember, token rankings and performance vary. These trending coins are worth exploring, but always Do Your Own Research (DYOR) before making investment decisions. Cardano (ADA) Cardano (ADA) is trading at $0.9548, down 6.2% in the last 24 hours. ADA remains a prominent player in the crypto market, with a market cap of $34.2 billion and a circulating supply of 35.86 billion tokens. You can trade ADA on major centralised exchanges (CEXs) like Binance, Coinbase Exchange, and MEXC. While trading volume has dropped 28.3% in the past day, ADA’s price is still 4,863.43% higher than its all-time low but 69.04% below its all-time high (ATH). ADA is underperforming against the global crypto market and other Smart Contract Platform cryptocurrencies. Over the past week, its price has declined by 12.50%. Despite this, Cardano’s founder continues to defend IOG amid criticism regarding ADA holdings. Shiba Inu (SHIB) Shiba Inu (SHIB) is trading at $0.00002126, down 3.0% in the past 24 hours. With a market cap of $12.52 billion and a circulating supply of over 589 trillion tokens, SHIB continues to attract attention. SHIB’s trading volume has dropped 9.40% in the last day, but the token remains a sensation, trading at an astronomical 37,849,723.86% above its all-time low, though it’s still below its ATH. You can trade SHIB on popular CEXs, including Binance (with SHIB/USDT as the most active trading pair), OKX, and DigiFinex. Read Also: Listing Announcement: What Does Binance Listing Mean for… Fantom (FTM) Fantom (FTM) is priced at $0.7001, with a 1.2% decline in the past 24 hours. Despite recent price dips, FTM has shown resilience. FTM is tradable on platforms like OKX, Bybit, and Kraken. It’s underperforming the market, as are other similar FTX Holdings coins. However, according to recent news, FTM surged past the $0.7 resistance alongside positive developments with Sonic Chain. Jambo (J) Jambo is revolutionising the on-chain economy with its cutting-edge JamboPhone and JamboApp. The platform has already onboarded millions of users, offering features like rewards, discounts, and payouts through the Jambo Token. This utility token powers Jambo’s decentralised ecosystem, shaping the future of blockchain and mobile technology. Lightchain AI (LCAI) Lightchain AI (LCAI) is a groundbreaking project combining Ethereum’s decentralised ecosystem with advanced AI technology. Scheduled for launch in late January, LCAI aims to create seamless integration between AI and blockchain, driving innovation, efficiency, and community empowerment. Stay ahead of the curve and explore these opportunities to make informed decisions in the dynamic world of cryptocurrency!
Cardano Surges Past $1 Again: Is the Bull Run Back?
Cardano (ADA), one of the top-performing blockchain networks, has experienced a notable 24-hour price swing that caught the attention of traders and investors alike. Here’s a detailed breakdown of ADA’s price performance over the past day and what it could mean for the future of this digital asset. ADA’s Current Price Status At the time of writing, ADA is trading at $1.03 against the US Dollar. This marks a significant rebound from its daily low of $0.9256 and represents a recovery of approximately 11.3% within the last 24 hours. The resurgence above the $1 threshold has reignited investor confidence, especially as this psychological milestone is a key indicator of bullish momentum. Cardano 1-Day price chart- source: CoinMarketCap The 24-Hour Performance Breakdown Low and High Points: The price movement within this range highlights a volatility period where ADA faced resistance just above the $1 mark but managed to secure a strong foothold. The $0.9256 low can be attributed to early-morning sell pressure, likely stemming from broader market corrections or whale activity. However, the recovery to $1.04 reflects robust buying interest, suggesting intense support levels around the $0.92 zone. Volume and Sentiment: Trading volume has surged during this period, a sign of renewed interest from retail and institutional investors. Positive sentiment around Cardano’s upcoming network upgrades and partnerships may have contributed to the bullish momentum. Read Also: Virtuals Protocol Dips 15%: Is This the Calm Before the AI Storm? The Bigger Picture: All-Time High Context While today’s price action is encouraging, ADA still sits far below its all-time high (ATH) of $3.10, reached on September 2, 2021. The current price represents a staggering 66.62% drop from this peak. Despite this, ADA’s climb above $1 shows resilience in an otherwise uncertain market. Key Factors Driving ADA’s Recent Movement What’s Next for ADA? Investors and traders will closely monitor ADA’s ability to hold the $1 support level in the coming days. A sustained rally could lead to a retest of higher resistance levels, possibly around $1.10 or $1.20. On the downside, if ADA fails to maintain the $1 mark, it could revisit the $0.90 range, potentially shaking investor confidence. Key Resistance Levels: Key Support Levels: Conclusion Cardano’s 24-hour price action has been a testament to its resilience amidst market fluctuations. The rebound above $1 signifies strong investor confidence fueled by technical and fundamental factors. However, ADA’s journey back to its all-time high remains challenging, requiring continued ecosystem growth and market support. Investors are encouraged to research and consider broader market trends before making trading decisions. Cardano’s latest performance might be a stepping stone toward greater heights, but the volatility of the crypto market demands caution.
Cardano’s 7-Day Price Surge: Cardano Climbs 10% in a Week
Cardano (ADA), a leading cryptocurrency, has experienced a significant price surge over the past week. This rise has sparked considerable attention in the crypto community, as ADA’s price climbed by 10.16% in just seven days. The current trading price of $0.9592 reflects strong upward momentum, marking a stark contrast to its weekly low of $0.8514. This analysis explores the potential reasons behind this price movement, delves into its trading volume and market dynamics, and evaluates what could lie ahead for Cardano. Current Market Performance As of now, ADA boasts a market capitalization of $33.7 billion, representing a 13.59% increase over the past week. Its trading volume in the last 24 hours has reached an impressive $1.45 billion, signifying a 146.01% surge. These metrics highlight the growing interest and confidence among investors in Cardano. The fully diluted valuation (FDV) of $43.16 billion underscores the potential growth of the network, particularly as more of its circulating supply (currently at 35.13 billion ADA) is actively traded. The ADA price saw a significant recovery from its December 30 low of $0.8514. By January 2, 2025, ADA reached a weekly high of $0.9672, fueled by increased trading volume and renewed investor optimism. Historical Context and Price Comparisons Although ADA is far from its all-time high of $3.10 (reached on September 2, 2021), it has shown significant resilience. Its all-time low of $0.01735 in October 2017 illustrates the tremendous growth the token has experienced since its inception. Related Article: Breaking Down Dogecoin’s Stunning Performance in 2024: 266% Growth? The weekly performance of Cardano also aligns with its long-term goal of creating a decentralized platform for changemakers, innovators, and visionaries. With its price rallying 10.16% in the last week, ADA continues to show promise as a major player in the crypto space. What Lies Ahead for Cardano? Looking forward, ADA could face some resistance near the $1.00 mark, a psychological barrier that could trigger profit-taking among short-term investors. However, if this level is breached, Cardano might aim for its next target of $1.10 in the near term. Related Article:JasmyCoin’s Price Analysis: A Deep Dive into the Past 1 Year Market Dynamics (Jan – Dec 2024) Factors such as increased adoption, advancements in its ecosystem, and broader crypto market trends will play critical roles in determining its trajectory. The development team’s commitment to decentralization and transparency remains a cornerstone of Cardano’s appeal to both retail and institutional investors.
Cardano Surges with Nearly 100,000 Smart Contracts Added in 2024
Cardano (ADA) has been recognized in 2024 for its substantial advancements, reinforcing its reputation as one of the most innovative and developer-friendly blockchain networks. Significant growth has been achieved through the rapid expansion of its Plutus-based smart contract ecosystem, which has undergone remarkable transformation since its launch. Nearly 100,000 Smart Contracts Added to Plutus Ecosystem The remarkable adoption of Plutus V2 has been identified as a driving factor behind Cardano’s ecosystem expansion. Data shows that on January 1, there were 8,083 Plutus V2 scripts on the network. By December 27, this number had skyrocketed to 104,606, marking a gain of 96,523 contracts over the year. Although overshadowed by V2, Plutus V1 scripts have also shown steady growth. Beginning the year with 6,296 scripts, the count increased to 6,869 by December, adding 573 contracts. This continued relevance of earlier versions highlights Cardano’s adaptability to varied use cases. According to insights from Cardano Blockchain Insights, the entire smart contract ecosystem, encompassing all Plutus versions, grew by an impressive 97,534 contracts throughout 2024. Plutus V3: A Game-Changer for Cardano The rollout of Plutus V3 in 2024 marked a major milestone for Cardano, coinciding with the Chang Hard Fork and its deployment on the SanchoNet testnet. By late August, on-chain contracts for Plutus V3 had begun to appear, and by year-end, 438 Plutus V3 contracts were recorded. This upgrade introduced significant advancements in smart contract efficiency, interoperability, and security. Development costs were also reduced, making Cardano an attractive choice for builders in decentralized finance (DeFi), decentralized application (dApp) ecosystems, non-fungible tokens (NFTs), and other innovative fields. Related Article: Cardano Breaks Resistance Levels, Fueled by Whale Interest Plutus-based smart contracts were first introduced to Cardano with the Alonzo Hard Fork in 2021. Since then, these contracts have continuously evolved, delivering cutting-edge functionality that positions Cardano as a leading platform for blockchain innovation. ADA’s Price Resurgence in 2024 This year’s technical progress has also been reflected in Cardano’s market performance. ADA’s price has experienced a steady rise, fueled by growing optimism around the network’s expanding utility and increased developer interest. Related Article: Cardano Confronts 4.3 Billion ADA Sell Wall: Here is why As of late December, ADA is trading at $0.9074, representing a 4.5% daily increase and an impressive year-to-date gain of 52.79%. https://x.com/acinemaboy/status/1853516056528036321?t=NN_MYrtlrnQkyfraeKAeXg&s=19 These achievements have solidified ADA’s place among the top 10 cryptocurrencies by market capitalization.
Cardano Confronts 4.3 Billion ADA Sell Wall: Here is why
A significant barrier has been identified in Cardano’s (ADA) path toward reclaiming the $1 price level. On-chain data has revealed a sell wall consisting of 4.3 billion ADA, presenting a formidable challenge to sustained price recovery. The data, provided by IntoTheBlock’s Global In/Out of the Money indicator, indicates that these 4.3 billion ADA were acquired within the price range of $0.947 to $1.09, with an average cost basis of $1.03. This zone comprises approximately 309,450 wallet addresses, many of which may seek to sell at or near their acquisition cost to minimize losses. The Implications of the Sell Wall This massive concentration of sell-side pressure forms both a technical and psychological resistance zone for ADA. Overcoming this resistance is crucial for Cardano to achieve and maintain a price above $1. Until the sell wall is cleared, progress may remain limited. Current Price Movements and Market Trends As of now, Cardano is trading at $0.919, reflecting a weekly decline of 13.99%. Broader market conditions have also contributed to this downturn, with Bitcoin registering its first weekly loss in several weeks—a trend that has negatively impacted alternative cryptocurrencies like ADA. Support near $0.86 is being tested, coinciding with Cardano’s 50-day Simple Moving Average (SMA). Analysts caution that a breakdown below this level could lead to additional losses. Related Article: Cardano Constitution Update Sparks 12% ADA Surge Breaking Resistance and Potential Consolidation A bullish scenario could emerge if ADA successfully surpasses the $1 mark. Such a move would signal strong buyer interest and could shift the short-term outlook to a more optimistic trajectory. In this case, consolidation between $0.80 and $1.20 might occur before any attempt to climb toward $2. Crypto analyst Ali has noted that Cardano’s current price behavior mirrors patterns observed in previous market cycles. He predicts that if historical trends repeat, ADA could achieve a long-term price target of $6. Related Article: Cardano (ADA) Faces Decline Risks Amid Bearish Market Trends Cardano’s price action remains at a critical juncture, with both bullish and bearish scenarios in play. The sell wall of 4.3 billion ADA between $0.947 and $1.09 presents a formidable challenge, delaying ADA’s recovery to $1. Nevertheless, strong support levels below $0.834 may provide a foundation for price stabilization and future growth. Careful monitoring of market conditions, support zones, and resistance levels will be essential for investors navigating this uncertain landscape.
Cardano (ADA) Faces Decline Risks Amid Bearish Market Trends
The cryptocurrency market continues to experience fluctuations, with some assets recovering while others face bearish pressure, as highlighted by CoinMarketCap data. Despite gains observed in certain cryptocurrencies, Cardano (ADA) has encountered difficulties in sustaining upward momentum. Support Concerns and Decline Warnings The potential for further losses which warns of a likely decline if the $0.8931 level is breached. Amid these market fluctuations, Cardano faces significant challenges, with analysts highlighting the risks of a breakdown in key support levels. Market Dynamics: Cardano Struggles to Maintain Position Recent market behavior shows a mixed performance across the cryptocurrency landscape. Cardano has seen its value decrease by 1% in the last 24 hours, signaling potential obstacles ahead. Related Article: Cardano (ADA) Exclusion Sparks Criticism from Hoskinson on Blockchain Bias Currently priced around $0.8961, ADA remains near local support levels, indicating a lack of bullish momentum following yesterday’s recovery attempts. Long-Term Projections for Cardano’s Price Movement Over a longer time frame, ADA’s inability to sustain recent gains may enable sellers to regain control. Related Article:Cardano Breaks Resistance Levels, Fueled by Whale Interest If this occurs, analysts foresee a potential decline toward the $0.85 level or lower. https://x.com/acinemaboy/status/1853516056528036321?t=NN_MYrtlrnQkyfraeKAeXg&s=19 A weekly close at current levels or below could result in further tests of the $0.8173 support level, reinforcing the bearish perspective.
Charles Hoskinson Addresses Network Security Misconceptions
Ethereum Foundation researcher Justin Drake’s recent comments on Cardano’s security model have drawn a response from Cardano founder Charles Hoskinson. Speaking on the Paul Barron Network show, Drake discussed Ethereum’s proposed Beam Chain upgrade. The upgrade aims to enhance Ethereum’s consensus layer with faster finality and zero-knowledge proof integration. During the show, Drake addressed questions like, “Is liquid staking an immediate threat to Ethereum?” and “Is Cardano’s staking model superior to Ethereum’s?” These discussions sparked misconceptions about Cardano’s security model, prompting Hoskinson to clarify the network’s unique approach. Hoskinson Highlights Bitcoin-Inspired Security Model Hoskinson responded to Drake’s claims via a post on X, stating, “I guess he doesn’t understand how Nakamoto consensus works or Ouroboros, for that matter. Cardano’s security model was inspired by Bitcoin’s design. We don’t have BFT-style rounds.” This statement emphasized the difference between Cardano’s security model and traditional Byzantine Fault Tolerance (BFT) protocols. Unlike BFT protocols, Cardano’s security approach avoids the need for slashing—a mechanism used in Proof-of-Stake (PoS) networks like Ethereum to penalize validators for infractions such as double signing. Instead, Cardano achieves 50% Byzantine resistance, further strengthening its security framework. Cardano’s Finality Approach Sets It Apart One key distinction is Cardano’s method of finality. Unlike Ethereum, Cardano’s network does not finalize two conflicting checkpoints. Theoretical discrepancies can be resolved within 36 hours, but in practice, most issues are resolved in just 40 seconds. Related article: Cardano (ADA) Exclusion Sparks Criticism from Hoskinson on Blockchain Bias This efficient process demonstrates the robustness of Cardano’s network, challenging misconceptions about its staking model. Hoskinson also noted his surprise at the Ethereum research community’s apparent disregard for Cardano’s advancements. Despite Cardano’s seven-year presence, Ethereum’s scientists have not engaged with its research. This lack of interaction has led to misunderstandings about Cardano’s capabilities and its approach to network security. Community Corrects Misconceptions X users joined the discussion by clarifying the Paul Barron Network’s portrayal of Cardano’s staking model. They highlighted that Cardano’s system does not rely on slashing. Instead, its consensus mechanism avoids inconsistencies that would require punitive measures. Related article: Charles Hoskinson Unveils Key Updates in Hydra Development Unlike Ethereum’s reliance on slashing to discipline validators, Cardano’s design prevents the need for it altogether. These clarifications underline a fundamental difference between Cardano’s and Ethereum’s staking models. Cardano’s method provides a more stable and secure network, rooted in principles inspired by Bitcoin’s original design. This approach strengthens its position in ongoing debates about blockchain security and finality.
Charles Hoskinson Predicts Multichain Future for Cardano with Midnight Integration
Charles Hoskinson, founder of Cardano, claims the upcoming integration of Midnight will make Cardano a multichain ecosystem. In a tweet on Tuesday, he emphasized that Midnight’s mainnet launch will enhance Cardano’s ability to connect with other blockchain networks like Ethereum and Solana. Currently, Midnight operates on a testnet launched in early October. This phase allows developers worldwide to explore and contribute to the network’s progress. Midnight uses zero-knowledge (zk) technology to offer a data-protected protocol, enabling users to interact with decentralized applications (dApps) while preserving data privacy. Hoskinson Highlights BitcoinOS Partnership Concerns Hoskinson also addressed Cardano’s collaboration with BitcoinOS (BOS) during a discussion on X. He revealed that Input Output Global (IOG) will focus on building decentralized finance (DeFi) solutions on Bitcoin next year. Surprisingly, this initiative will involve a new partner, Fairgate Labs, instead of BitcoinOS. Related article: Cardano (ADA) Drops 4.5% After Hackers Compromise Cardano Foundation’s X Account Cardano enthusiasts questioned this decision, with Angry Crypto Show asking why BitcoinOS was not chosen. Hoskinson clarified that Fairgate Labs created the technology underpinning BitcoinOS. He also mentioned that BitcoinOS’s plans to launch its own token had sparked debates within the ecosystem. Cardano’s Liquidity Goals with Midnight Hoskinson reassured the community that Midnight would allow Cardano to tap liquidity from other chains, even if BitcoinOS abandons the network. He urged BitcoinOS founder Edan Yoga to confirm BOS’s commitment to Cardano and suggested launching BOS as a native Cardano token. Yoga responded by affirming that BOS will integrate into Cardano as a recursive token, describing it as an innovative addition to the ecosystem. Related article: Charles Hoskinson Unveils Key Updates in Hydra Development Two months ago, Cardano’s EMURGO partnered with BitcoinOS to deploy smart contracts on the Bitcoin network. This collaboration aims to enable Cardano to access Bitcoin’s liquidity, further solidifying its multichain aspirations. Midnight’s integration and strategic collaborations mark a significant step in Cardano’s journey to becoming a multichain ecosystem.
Cardano (ADA) Drops 4.5% After Hackers Compromise Cardano Foundation’s X Account
The Cardano Foundation’s X account was breached on December 8, leading to a significant impact on the ADA token. Fraudulent activities were carried out by hackers, who leveraged the account to spread misinformation and promote scams. Hackers Exploit Cardano’s X Account The hacking incident resulted in the promotion of a scam Solana-based token named ADA/SOL. Hackers utilized trusted sources, such as a recent podcast and the Foundation’s official website, to lend credibility to their fraudulent activities. The false promotion generated about $500,000 in trading volume for the counterfeit token before the scam was exposed. Once identified, the token’s value crashed by 99%. Additionally, the hackers falsely claimed that support for ADA would be halted due to an SEC lawsuit and that ADA withdrawals were suspended. These fabricated updates amplified investor concerns, shaking confidence in Cardano’s ecosystem. The ongoing compromise of the Cardano Foundation’s X account has raised questions about the blockchain’s security and its ability to maintain price stability. Months of positive sentiment toward Cardano have been overshadowed by uncertainty and fear. ADA Shows Bearish Momentum The hack has led to a bearish sentiment surrounding ADA, with its price dropping by 4.5% on the daily chart. At the time of writing, ADA trades at $1.15, reflecting growing concerns among investors. Technical indicators highlight a downward shift in ADA’s momentum. The Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover, with the MACD line falling below the signal line. This development suggests potential near-term declines in ADA’s price. Weak trading volumes and a lack of bullish signals further exacerbate the bearish outlook. ADA would need a significant resurgence in momentum to challenge its resistance levels. Key Resistance and Support Levels for ADA To regain a bullish trajectory, ADA must overcome the resistance at $1.20. Successfully flipping this level could pave the way toward $1.32. However, this would require robust trading volumes and improved market sentiment. On the downside, ADA risks falling to the vital support level at $1.01 if bearish dominance continues. A rebound from this level could keep ADA’s price within a narrow range, influenced by lingering concerns over the hacking incident. Related Article: XRP Whale Moves 22 Million Tokens, Signaling Bullish Confidence A breakout above $1.32 with substantial volumes could invalidate the bearish narrative and renew interest in ADA, attracting more buyers to the Cardano ecosystem. Whales and Q4 Performance Offer Optimism Despite the recent challenges, ADA’s impressive 160% monthly surge in Q4 has sparked optimism. Whales continue to accumulate ADA, signaling confidence in the token’s long-term potential. Community members are closely monitoring the situation, as delayed recovery of the compromised X account could magnify bearish sentiments. However, comments from Cardano founder Charles Hoskinson have helped reinforce faith in the blockchain’s resilience. As the developments unfold, the market’s reaction will likely shape ADA’s near-term trajectory. Investors remain hopeful for a swift resolution and recovery in Cardano’s ecosystem.
Cardano Targeted in X Account Hack: Fake Token and SEC Lawsuit Claims
The Cardano Foundation’s X account was compromised on December 8, leading to the promotion of a fraudulent Solana-based token called $ADASOL. Hackers falsely described the token as “Cardano, reimagined for Solana’s speed and innovation.” In a 13-part thread, the hackers provided elaborate details about $ADASOL, using references to legitimate Cardano resources, including the Foundation’s website and a podcast episode. The scam token generated approximately $500,000 in trading volume before its value plummeted by 99% when the fraud was exposed. Fake SEC Lawsuit Announcement Targets ADA Token Shortly after the $ADASOL scam, another fraudulent post appeared on the hacked X account. This time, the post falsely claimed that the U.S. Securities and Exchange Commission (SEC) had filed a lawsuit against the Cardano Foundation. The fraudulent notice stated that, due to this “unexpected legal action,” support for the ADA token would be immediately discontinued to comply with regulatory requirements. Scam Posts Quickly Removed; ADA Price Remains Steady The $ADASOL promotion and the false SEC lawsuit announcement were deleted within hours. Charles Hoskinson, the creator of Cardano, quickly addressed the misinformation. He confirmed the hack on social media, dismissing the hackers with the remark, “Try harder, hackers.” Despite the attempted scams, Cardano’s ADA token remained largely unaffected in market performance. As of press time, ADA was valued at $1.18, experiencing only a 1% decline, according to CoinGecko data. Read Also: XRP Whale Moves 22 Million Tokens, Signaling Bullish Confidence Cardano Foundation Responds to the Hack The Cardano Foundation has taken steps to regain control of its X account and warned its community. A LinkedIn post from the Foundation advised users to disregard any posts from the compromised account until the issue was resolved. “The Cardano Foundation X account @Cardano_CF has been compromised. Please ignore any posts from the account while we address this. Thank you,” the Foundation stated. Cybersecurity Remains Critical for Cardano and the Crypto Community This incident highlights the persistent risks associated with social media hacks targeting the crypto industry. The Cardano Foundation continues its efforts to secure its account and restore trust, emphasizing the importance of community vigilance in preventing further scams. Cardano and the broader cryptocurrency ecosystem can better protect users from malicious actors by addressing these vulnerabilities and enhancing security protocols.
