Cardano Breaks 7-Month Consolidation Range as ADA Decentralized Governance Journey Gets Major Leap

Cardano Breaks 7-Month Consolidation Range as ADA Decentralized Governance Journey Gets Major Leap
фото показано с : zycrypto.com

2024-11-12 17:48

Cardano (ADA) continues to ride on the bullish momentum rocking the crypto market thanks to a weekly surge of 80.4%, according to CoinGecko data.

Cardano has been gridlocked in a range for the past seven months, but this fate recently came to pass, with the ninth-largest cryptocurrency smashing the $0.60 resistance level.

Source: World of Charts

ADA was hovering around $0.5764 at the time of writing, showing its steadfast commitment to holding the psychological threshold of $0.60.

Given that Cardano has been mirroring a historical pattern created 4 years ago, top market analyst Ali Martinez pointed out that the altcoin was destined for greater heights this month.

Therefore, based on the notable leg up, fingers are crossed that ADA will hit the psychological price of $1 during the course of this month.

Cardano Rolls Out New Update

Based on Cardano’s quest to enhance its governance and decentralized capabilities, the network recently rolled out the Node 10.11 update, which implements the Chang #2 hard fork.

This move intends to offer ADA holders more power regarding the network’s governance. As a result, they will have the opportunity to transfer their voting power to certain Delegated Representatives so that governance can be undertaken independently.

Therefore, this development is a stepping stone toward enhanced decentralized governance in the Cardano blockchain.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0.9112 (-0.35%)
Объем 24H $1.181b
Изменеия 24h: -1.01 %, 7d: -15.98 %
Cегодня L: $0.8775 - H: $0.9214
Капитализация $32.007b Rank 9
Доступно / Всего 35.126b ADA / 45b ADA

ada cardano crypto momentum bullish market rocking

ada cardano → Результатов: 126


Аналитик прогнозирует рост Cardano на 2288% до $6 и определяет, когда может начаться бычий забег ADA

Несмотря на то, что биткоин превысил $71 тыс. , Cardano торгуется по $0,3473, что отражает потерю 12% по сравнению с ценой месяц назад. Сегодня ADA показала рост всего на 2,2% на фоне возобновления бычьего импульса на рынке криптовалют.

2024-10-30 08:24


Фото:

Cardano Foundation Reports Massive Growth In These Key Metrics – ADA Price Soars 3%

In August, the Cardano (ADA) ecosystem experienced significant growth across several key metrics, coinciding with the anticipated Chang upgrade, which was successfully implemented on September 1. Despite the bearish market sentiment that affected ADA’s price during this period, the Cardano Foundation reported increased investor activity and blockchain usage.

2024-9-10 13:00


Cardano (ADA): Hoskinson Updates ADA Community, Cardano (ADA) Investors Question Will ADA Maintain For 2024

Cardano (ADA) has undergone significant developments recently, especially with the successful implementation of the Chang Hard Fork, marking the beginning of the Conway Era. This major upgrade has introduced new decentralized governance models to the blockchain, allowing ADA holders to directly vote on decisions that impact the network.

2024-9-7 17:18