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.

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Cardano (ADA) на Currencies.ru

$ 0.6674 (+0.36%)
Объем 24H $457.399m
Изменеия 24h: -0.02 %, 7d: -4.86 %
Cегодня L: $0.6657 - H: $0.6695
Капитализация $23.521b Rank 9
Доступно / Всего 35.242b ADA / 45b ADA

ada cardano crypto momentum bullish market rocking

Источник: zycrypto.com

ada cardano → Результатов: 126


Cardano Sees Record-High Positive Sentiment After SEC Announcement – 5 Reasons ADA Is a Good Buy

Cardano (ADA) has experienced a significant surge in positive sentiment across social media platforms following recent regulatory developments. According to Santiment, the cryptocurrency’s community has driven bullishness to its highest level in over four months, largely influenced by the SEC’s recognition of ADA’s use case for “smart contracts for government services.

2025-3-19 12:30


Cardano’s Plomin Hard Fork: A Catalyst for ADA Growth Amidst Market Volatility?

As it moves through a dynamic crypto market and recent watershed moments become crystallized, Cardano (ADA) finds itself more and more at a point of potentially great significance. In this transitional moment, it has introduced decentralized governance, and what that really means is that ADA holders now have the power to effectively vote on major [...]

2025-1-29 22:10


Фото:

Legendary Trader Peter Brandt Says Cardano Setting Up For Monster Bull Rally After Forming Bottom

Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, recently lept back above the $1 threshold – indicating robust buying momentum. Like other major cryptocurrencies, ADA has enjoyed the latest Trump-spurred upsurge, largely due to its parent company, Input Output Global (IOG) being a U.

2025-1-20 16:52


Прогноз Cardano: поднимется ли ADA до $1,50 или упадет к $0,70?

Cardano (ADA) демонстрирует рекордный рост за последние 15 месяцев. Скачок цены начался 4 ноября и совпал с переизбранием Дональда Трампа. Это укрепило оптимизм инвесторов. На недельном графике криптовалюта продолжает формировать более высокие максимумы и минимумы.

2024-12-30 17:28


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