Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$83,491.00
0.59%$1,813.05
0.13%$2.07
1.70%$597.30
-0.94%$0.999891
-0.01%$117.01
-1.02%$0.165063
0.60%$0.65824
2.09%$0.238362
1.51%$1,810.23
0.16%$83,359.00
0.44%$9.44
-0.02%$3.52
-6.53%$13.00
0.72%$0.261402
0.09%$1.00
-0.00%$2,171.42
-0.17%$18.53
0.58%$2.22
-3.50%$0.00001227
0.46%$0.163005
0.65%$84.30
1.01%$4.06
2.01%$308.78
1.93%$6.32
-0.68%$4.50
-0.28%$0.999577
-0.01%$1,814.08
0.21%$1.00
0.29%$1,928.52
0.03%$27.72
-0.21%$215.61
0.63%$11.64
-2.55%$0.544662
-14.18%$5.96
0.02%$5.04
-3.24%$2.53
2.99%$1.046
0.03%$0.00000695
-3.33%$47.03
-0.54%$83,413.00
0.33%$22.17
0.24%$33.42
-2.45%$0.096828
1.81%$0.8154
1.31%$5.22
2.30%$0.746031
-3.17%$16.35
-0.35%$0.996616
0.35%$151.56
-0.56%$1.17
0.24%$4.83
9.77%$1.00
0.00%$3.02
11.03%$9.49
2.58%$0.02198128
1.17%$217.97
3.24%$83,347.00
0.37%$4.04
0.10%$0.066022
4.09%$3.27
-0.77%$0.317893
-0.83%$2.83
-1.09%$0.19124
3.40%$0.184397
4.76%$0.482087
2.25%$0.315852
2.92%$10.14
-5.40%$0.83543
3.38%$83,231.00
0.77%$0.713606
1.06%$0.437476
-0.14%$0.397207
4.78%$1,320.64
2.89%$1,813.67
0.25%$4.19
-3.40%$1.07
4.43%$1,884.83
-0.06%$0.066195
-0.59%$69.04
4.41%$0.998602
-0.14%$121.86
-1.28%$0.383423
-0.80%$0.763651
2.88%$2,051.44
0.03%$0.585558
-0.17%$0.00001117
0.77%$0.999957
0.19%$0.999851
0.01%$14.74
0.01%$0.997956
0.01%$8.51
0.98%$0.463012
-1.68%$0.16408
-0.64%$0.01309642
1.14%$0.083871
1.69%$0.787146
-0.55%$3,116.12
-1.20%$0.846353
2.93%$1.001
0.15%$82,455.00
-0.10%$596.90
-1.00%$1,923.30
-0.10%$3,114.76
-0.71%$0.523764
1.01%$0.653199
1.23%$83,195.00
0.20%$0.01522002
2.71%$0.5246
-9.66%$0.265047
2.09%$0.108071
2.87%$5.81
-9.63%$1.00
0.08%$0.00000063
-0.11%$39.05
0.53%$0.166852
1.69%$1.97
-4.68%$30.86
0.64%$0.373721
0.91%$1,887.56
0.15%$149.87
-1.09%$1.82
-0.91%$0.00005567
0.35%$1.002
0.28%$1.94
26.63%$0.999262
-0.04%$1.79
2.50%$3.15
9.08%$2.81
-0.46%$15.17
-0.16%$0.01024703
3.26%$0.997772
0.02%$128.16
-1.75%$0.070077
-0.16%$0.132168
-0.83%$0.618689
2.03%$81,229.00
-0.47%$0.99977
0.01%$0.998915
-0.58%$5.84
-10.50%$0.242474
2.05%$27.47
0.81%$0.443929
15.20%$1.00
0.03%$0.0048557
5.58%$0.476603
7.87%$0.442977
-10.11%$2.74
-2.36%$0.400944
-1.61%$1,924.43
0.12%$0.00000043
0.06%$15.24
-1.38%$83,492.00
0.53%$0.16492
0.62%$84,045.00
1.03%$0.667949
-0.93%$0.081465
2.18%$1.001
0.39%$45.66
-0.18%$1,813.01
-0.07%$1.083
0.35%$110.55
0.01%$1,812.57
0.20%$0.137145
0.95%$0.0417691
3.21%$1.13
0.10%$0.086692
3.91%$1,814.51
0.33%$0.0000195
1.11%$5.86
1.43%$0.382095
-0.35%$1.10
-0.48%$0.14279
34.08%$0.00669333
9.26%$83,133.00
0.27%$0.184354
1.72%$1,891.24
0.19%$0.558378
-2.38%$0.444735
0.51%$0.999323
0.02%$1.001
0.65%$0.00654382
0.95%$0.815995
-0.52%$4.76
4.42%$3.02
13.48%$0.19165
3.35%$0.349831
0.02%$1,813.79
0.00%$1,826.32
-0.89%$0.00005951
1.97%$1.001
0.42%$0.00372022
5.99%$0.03149606
0.70%$1.45
-2.15%$0.00000151
-9.97%$0.0309159
2.90%$117.01
-0.03%$0.00479421
-0.16%$0.528995
-3.59%$0.00896189
1.65%$0.36783
-9.03%$0.999741
0.03%$1.00
0.03%$83,785.00
2.62%$1,786.64
-0.56%$0.234339
2.89%$1.14
-0.61%$1,814.44
0.17%$2.85
-1.42%$1.14
0.39%$83,208.00
0.43%$0.603795
0.12%$21.68
0.08%$0.226675
0.76%$3,097.90
-0.83%$0.51696
0.31%$0.185977
0.89%$1,909.64
-0.34%$1,984.52
0.21%$3.18
-5.38%$0.00276767
-9.19%$15.03
-1.20%$0.118202
0.21%$0.03033578
2.51%$1,972.29
-0.05%$0.237516
-0.73%$21.68
2.68%$0.960851
3.39%$0.0031124
4.71%$1,676.09
0.45%$0.101397
0.33%$1,809.00
-0.17%$0.03291105
1.54%$0.061343
1.12%$0.650941
-2.45%$0.01118352
1.57%$0.477273
-5.41%$0.511183
-1.19%$0.998456
0.06%$0.00208564
-1.95%$0.00035256
-12.89%$0.999752
0.01%$1.00
0.07%$81,852.00
-1.08%$0.00444584
-0.14%$0.02685185
-0.97%$0.999513
0.02%$18.54
0.58%Reading
While the rest of the market stays still, Cardano (ADA), the fourth-largest cryptocurrency by market cap, increased by 11% in price on Sunday morning to $1.64, according to data from metrics site Nomics.
At its current price, Cardano is reemerging to prices observed on Wednesday, when ADA reached as high as $1.77. ADA is still far off its all-time high of $2.46, which the project achieved two weeks ago on May 16.
On Friday, Cardano started rolling out its Alonzo testnet. The update, named after math and computer scientist Alonzo Church, adds smart contracts to the blockchain, meaning that Cardano is resolutely on the way to integrating decentralized applications to its blockchain. The Alonzo mainnet is expected to go live by the end of August.
“The most critical engineering path, integration path, coordination path, and community path are for the next 90 days,” said Cardano founder Charles Hoskinson in one of his many YouTube updates earlier this week.
Smart contract functionality would place Cardano in direct competition with Ethereum, the blockchain whose coin is the second-largest by market capitalization. Ethereum supported smart contracts since its launch in 2015, and the decentralized finance industry it now houses has grown by about $60 billion since last January.
While new features often result in a price bump, ADA’s price fell after the Alonzo announcement on Friday. It slumped along with the rest of the market, which tanked by about 8% in six hours. However, today’s price rally has contributed to a 25% increase for ADA in the past week.
Cardano’s market cap is now $52 billion, about $1 billion more than BNB, the coin with which it jockeys for fourth position on the rankings list. ADA’s market cap is $10 billion less than USD stablecoin Tether and about $127 billion lower than the market cap of Ethereum.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
The Babylon Foundation, an entity tied to the Bitcoin staking protocol Babylon, released tokenomic details for its BABY token Thursday—and revealed an airdrop for early users. The Foundation will provide 6% or 600 million BABY, the Babylon Genesis Network’s native governance token, to five reward groups and early supporters as part of its airdrop. The vast majority of tokens (585 million) set aside for the airdrop campaign will be provided to those who have staked Bitcoin with Babylon. “Tokens...
Paul Atkins, President Trump’s nominee to become the next Chair of the Securities and Exchange Commission, passed a key vote from the U.S. Senate Banking Committee on Thursday. Following the 13-11 vote, in which all Democrats on the Committee opposed Trump’s pick, Atkins’ nomination will now proceed to the Senate floor for a full vote. Atkins is an SEC veteran who previously served as an agency commissioner under President George W. Bush. He is widely expected to institute favorable policies for...
Monday marked the end of a painful quarter for Ethereum, as the network’s native asset’s so-called burn rate fizzled amid one of its worst performances in recent memory. The metric, which tracks the rate of Ethereum removed from circulation, recently hit its lowest level since August 2021, a nagging concern among investors that’s “weighed on Ethereum’s market performance,” according to the crypto market maker Wintermute. Last week, around 53 ETH was burned per day, the firm said. Meanwhile, ETH’...