Why Did The Cardano Blockchain Fail Last Weekend?

Almost half of Cardano’s nodes went offline for a short while this past weekend, following an irregularity before the network made a quick recovery, based [...]

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Who is Charles Hoskinson?

Today we take a deep dive into the life of the beloved and hated founder of Cardano, Charles Hoskinson. COVERED: Introduction: Charles Hoskinson Bio Early Life and Career Cardano Hoskinson’s Philanthropy INTRODUCTION: Charles Hoskinson Bio Charles Hoskinson is a Colorado-based mathematician and technology entrepreneur. He is most notably known as a co-founder of Ethereum and […]

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You Can Now Track Cardano TVL On DeFiLlama

Cardano holders just got some good news. They can now keep closer tabs on their investment now thanks to the latest update from DeFiLlama, a DeFi TVL aggregator. Now tracking Cardano @CardanoStiftung Cardano is a decentralized third-generation proof-of-stake blockchain platform and home to the ada cryptocurrency. It is powered by Ouroboros, the ground-breaking proof-of-stake consensus […]

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Samsung Is Using The Cardano Blockchain To…Plant Trees?

In addition to the new NFT marketplace from Samsung, the tech giant is utilizing Cardano to use the blockchain for sustainability efforts. Covered: Samsung Blockchain-ed Trees Announcement Bullish for Cardano? Yesterday, Samsung released its plans for an upcoming NFT marketplace aggregator. The move gave Samsung consumers greater access to displaying and showcasing their NFTs. While […]

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Cardano Increases Block Size By 12.5%, What This Means

Cardano has been making important changes to its blockchain since the launch of smart contracts capability. This had brought with it an increased usage and thus needed to be more scalable to accommodate this increase. Since the launch in September, there have been a number of improvements to the network and the latest is the increase in the block size. Increased Block Size In Cardano Cardano, in a recent blog post, announced that they were increasing block size by 12.5% to make room for the increased traffic that is expected on the network. The 8KB increase will see the total block size now at 72KB and will allow more transactions to be fitted in a single block. This will allow more transactions to be processed per second, greater data throughput, in turn providing greater capacity for its users. Related Reading | Cardano Founder Says Metaverse Is Important For Crypto Keep in mind that a year ago, Cardano only averaged 10,000 transactions per day. Now, a year later, this number has risen significantly to more than 200,000 and climbing. A 12.5% increase in block size may not seem large by the average margin but is important to accommodate for this increased usage. ADA drops to $1.77 | Source: ADAUSD on TradingView.com Another factor that warrants the increase in block size is the anticipation of DApps that are expected to launch on the blockchain soon. Since Cardano already has smart contracts capability, it is only a matter of time until developers begin deploying their apps. This anticipated rise in traffic has made increasing block size important for the network. Plutus Script Memory Gets A Boost Block size was not the only thing that got a boost. Cardano also increased Plutus script memory units by transaction. In another 12.5% expansion, the Plutus script memory units per transaction is now 11.25 million. In the blog post, John Woods, Director of Cardano Architecture, explained that this change was brought about due to growing demand from developers. It will help developers in their journey as they test and deploy their DApps on Cardano. “An increase in Plutus memory limits means that they can develop more sophisticated Plutus scripts, or that existing scripts will be able to process more data items, increase concurrency, or otherwise expand their capabilities.” Woods notes that this is only a first in a series of changes that will take place to expand the real-world capabilities of Plutus scripts. Related Reading | Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic The changes in block size and Plutus script memory units by transactions will be implemented slowly. Cardano has adopted a ‘slow and steady’ mechanism going forward with the changes. Although this may look to be moving too slow for some, a 12.5% increase shows that the developer is not rushing to make changes that would adversely affect the network. “It’s not just about creating more complex scripts. It’s also about putting more data through,” the blog post read. Featured image from The Cryptonomist, chart from TradingView.com

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What Went On In The Secret Meetings Between Cardano Developer IOHK And Zanzibar Officials?

The Cardano Africa tour had been in full gear for a couple of weeks now, ending when Hoskinson had returned back to the States. Founder Charles Hoskinson had announced the tour after the successful launch of smart contracts capability on the blockchain and last month, the tour had kicked off. Hoskinson and the Cardano Foundation plan to meet and liaise with developers of Cardano-based projects and officials of various countries to discuss the acceleration of blockchain adoption on the continent. Related Reading | Shiba Inu Beats Out Cardano, Dogecoin On Top 10 Watch-Listed Tokens Judging by Hoskinson’s Twitter feed, the tour has been going as planned as he has met with a number of project leads and officials in various countries so far. One thing that remains a mystery is the secret meetings. Cardano developer IOHK has met with Zanzibar Officials but these meetings have been kept private from the general public. Here’s what we know. Mapping The Future For Zanzibar Finding ways to grow interconnectedness around the continent had been one of the goals of the Cardano Africa tour. The foundation had gone into this full-swing once Hoskinson had touched down in Zanzibar. Talks of technological advancement in the region have dominated this leg of the tour. ADA price trading at $2.126 | Source: ADAUSD on TradingView.com Charles Hoskinson himself had personally inspected solar battery modules and telecom station installations in the country. This was in an effort to bolster social advancement and help businesses succeed. IOHK and Zanzibarian officials had discussed how to bring to fruition a more connected future for the citizens in a meeting hosted by World Mobile Team. The meeting which was held on November 8 saw both the Zanzibarian government and IOHK align values for the future, pointing out that empowerment efforts being carried out by officials to give fishermen their own boats was the kind of work the developer was interested in. Cardano Pushing Growth In Africa The Cardano Africa tour is only another in the series of steps that the developer has taken to help promote innovation on the continent. Crypto enthusiasts have always looked to Africa as being a hotbed for blockchain adoption and Cardano has made sure to help foster the growth in the region. Particularly the growth of Cardano-based projects. This is why millions of dollars have been spent by the foundation to fund African projects. While there, Hoskinson had made strides for Cardano to lead blockchain development in African countries and one of the ways had been education. Related Reading | Cardano Flips Solana, Tether To Reclaim Spot At 4th Place Cardano Foundation provides financial and educational support when needed for startups in Africa. Furthermore, a deal had been struck with the Ethiopian government to launch digital IDs that would help track the academic performance of students in the region on the Cardano blockchain. The idea is that if students’ performances can be tracked, then the quality of education can be improved based on the needs of the students. Hoskinson has lauded the potential which the African continent holds for blockchain development and plans to expand the operations of Cardano on the continent in the coming years. Featured image from CryptoNinjas, chart from TradingView.com

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Cardano Activity Sees New Life That Could Send ADA Price Soaring, Here Are The Targets

Cardano (ADA) has been stuck in a price rut recently, but behind the scenes, activity on the Cardano blockchain is exploding. Transaction volumes and wallet addresses are all growing, showing that interest and adoption of the network are growing rapidly. All this activity has prompted analysis of how far the crypto can spike in the near future. Cardano On-Chain Activity Points To Future Price Growth Cardano’s growth in development activity in recent months has rivaled other cryptocurrencies, putting it on the map among developers. Metrics show that there are currently 1,322 projects under development. Similarly, Plutus V2 scripts recently reached 18,821, and Plutus V1 scripts also stand at 6,536 to make a total of 25,357, indicating the growth of smart contracts. Related Reading: Massive $29.3 Million Whale Transfer Threatens XRP Price With More Sell Pressure These scripts are essential for deploying smart contracts on the Cardano chain and have seen a 76% growth from 14,379 scripts recorded on January 1. At the same time, Cardano’s transaction count in the past two months has been something to boast about. The Cardano ADA network recently successfully completed 255,000 payments in 24 hours. Particularly, December and January saw Cardano process over 4 million transactions each month, showing the increasing network usage.  Active daily addresses have steadied above 30,000 since the beginning of the year, recently reaching 57,304 active addresses on February 4th. The total transaction count is now at 83.58 million. These metrics reflect the network’s ability to process a high number of transactions and its appeal to developers looking to build innovative crypto projects.  Price Targets Suggest ADA Could Reach $4 To $6 Long Term Despite the gloomy price action in the past month, these metrics point to Cardano price sentiment changing to a more favorable one. As a result, analysts predict a bullish turnaround, with one even putting a $4 to $6 price target by 2026. This represents a 730% and 1140% growth from the current price level. Related Reading: PEPE Ready To Make A Comeback? On-chain Indicators Have The Answer In a similar vein, crypto analyst Ali Martinez predicted a more bullish surge to $8 by January 2025, representing a 1558% surge from the current price level. Nevertheless, ADA has a lot of room to grow if Cardano can continue to attract developer and investor interest. At the time of writing, Cardano is trading at $0.4825, with 44% of addresses still making a profit and 51% of addresses currently at a loss. While short-term volatility is likely and the road ahead still has obstacles, the long-term price outlook for ADA looks bright, and Cardano appears well positioned for future success in a wider crypto market bull run.  ADA price falls to $0.48 | Source: ADAUSD on Tradingview.com Featured image from Crypto Daily, chart from Tradingview.com

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Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated, Heres The Target

The Cardano price is currently eyeing an impulsive move to the upside following the invalidation of a bearish Relative Strength Index (RSI) divergence. In his analysis, crypto analyst Melika Trader revealed how high ADA could rally following this bullish channel formation.  Cardano Price Eyes Impulsive Move To The Upside In a TradingView post, Melika Trader predicted that the Cardano price could rally to between $0.90 and $0.94 as it eyes an impulsive move to the upside. The analyst observed that ADA recently experienced a sharp rally, breaking through resistance levels and establishing a new range. This could pave the way for the rally to these price targets.  Related Reading: Cardano Price At Risk Of 15% Crash, Analyst Warns It Might Get Bloody Melika Trader further noted that a deceptive bearish RSI divergence was invalidated as the Cardano price continued its uptrend, confirming bullish momentum. Meanwhile, the analyst remarked that the ADA price is currently consolidating near the lower boundary of the parallel channel, suggesting a potential bounce from its current price level.  In line with this, he stated that if the Cardano price respects the channel structure, then ADA could aim for the $0.90 and $0.94 range as the next resistance. Crypto analyst Ali Martinez also provided a bullish outlook for ADA, stating that the crypto looks ready to rebound as the TD Sequential indicator has flashed a buy signal on the 4-hour chart.  Meanwhile, crypto analyst Paul stated that the nice Fibonacci count is working for the Cardano price with .618 higher lows. The analysts accompanying chart showed that ADA could reclaim the psychological $1 price level and rally to as high as $2.2 on the Wave 3 impulsive move to the upside. The chart also showed that ADA could then correct to as low as $1.2 before it reaches $3 on the Wave 5 impulsive move.  Five Reasons Why ADA Can Reach $20 In This Market Cycle In an X post, crypto analyst Sebastian outlined five reasons the Cardano price could reach $20 in this market cycle. The first is that Cardano could become a Bitcoin DeFi player, which is bullish for the ADA price. Secondly, if Cardanos founder Charles Hoskinson becomes part of Donald Trumps Crypto Advisory Council.  Related Reading: $575-M Unlocks Threaten Altcoin Rally: Why You Should Monitor Cardanos ADA, Solanas JTO The crypto analyst also mentioned a Cardano ETF as one of the reasons he believes the Cardano price could reach $20 in this market cycle. Grayscale has already filed to offer one, which means that an ADA ETF could launch at some point. Meanwhile, the crypto analyst also mentioned Cardanos potential partnership with Microsoft and the US Treasury being built on the Cardano blockchain as the fourth and fifth reasons ADA could reach $20.  At the time of writing, the Cardano price is trading at around $0.8, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Cardano (ADA) To Reach $6 By September 2025? Analyst Forecast 2021-Like Rally

Cardano (ADA) has seen a massive rally in the last few weeks, surging over 81% in the past fourteen days. As the cryptocurrency continues breaking past key levels, a renowned crypto analyst highlighted its potential 2,000% climb. Related Reading: Analysts Bullish On Dogwifhat (WIF) $5 Target As Price Retests $4 Resistance Cardano To Hit $6 By Q3 2025 Crypto analyst Ali Martinez forecasted that Cardano might hit the $6 mark by September 2025. Earlier this year, the analyst noted that ADAs chart reassembled a pattern similar to 2020, which suggests that the cryptocurrency could experience a rally like 2020-2021s bull run. Per the post, ADA broke out from its two-year consolidation in early 2020 before retracing 75% and consolidating for most of the year. By November 2020, the token bounced from the accumulation range and started its massive 4,000% rally, which lasted around nine months. This year, Cardano has seen a similar move during the first leg of the cycle, reaching its year-high of $0.81 before retracing 75% and consolidating between the $0.6-$0.27 price range for the last eight months. Following the crypto markets recent rally, fueled by Trumps victory in the US elections and the Federal Reserves decision to reduce interest rates by 0.25, Cardano has experienced a massive 50% weekly surge. Martinez previously forecasted that ADA could experience the second legs initial jump on November 18, around two weeks after the US elections. However, the cryptocurrency reclaimed the $0.6 support zone and broke above the $0.65 horizontal level earlier today. This performance represents an eight-month high for Cardano, which has been heavily criticized for underperforming against most altcoins. According to the chart, ADA might move sideways around this range for the following days before challenging its year-high price. If ADA continues replicating the last cycles pattern, the cryptocurrency could reach the long-awaited $1 by year-end. Additionally, it could surpass its previous $3.09 all-time high (ATH) by Q1 2025 before entering price discovery mode. Martinez suggested that Cardano could rise over 2,000% toward the $6 mark, reaching its top between July and September 2025. ADA Among Todays Market Leaders While most cryptocurrencies in the top 100 move sideways, ADA has soared 21 % in the last 24 hours. The token surged as the third-best performer today, behind XRP and ALGO. Besides the general economic and geopolitical factors, its recent performance has also been fueled by speculation surrounding Cardanos potential involvement with Trumps administration. On Thursday, a member of the World Economic Forum (WEF) and the United Nations (UN), Shawn, shared on X that re-elected President Trump is exploring a federal voting and identity verification system based on blockchain technology. Related Reading: Dogecoin Frenzy Arrives In Korea: Kimchi Premium Returns Amid DOGEs 110% Rally Speculation arose when another X user claimed that Cardanos founder Charles Hoskinson is already in talks with the Trump administration, arguing that they’ve been working with the state of Wyoming on voting systems for a couple of years now. Cardano has rallied an impressive 84% in the last month, breaking above the $0.65 mark for the first time since late March and recovering its top 10 crypto spot. As of this writing, ADA trades at $0.67. Featured Image from Unsplash.com, Chart from TradingView.com

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Only 6% Left Until Cardano Hits Max Capacity, What This Means For ADA

Recently, the Cardano blockchain ecosystem and decentralized platform have experienced an unprecedentedly high percentage of load pressure, which has led to raised questions and concerns from the blockchain community. At the same time, its native token ADA’s price has struggled for months and has yet to record any significant gains and upside movements in the [...]

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Cardano To Become The Top EVM And Gaming Chain, Here’s Why

Cardano is poised to become “a powerhouse in on-chain gaming” thanks to its recent collaborations with Paima Studios and Milkomeda. Moving forward, users will be [...]

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