- Charles Hoskinson Believes Cardano Will Become Biggest Crypto in the World Serving As Backbone of New Digital Nation The Daily Hodl
- Cardano Will Surpass Bitcoin and Ethereum to Become World’s Biggest Crypto – Charles Hoskinson Bitcoinist
- Charles Hoskinson says Cardano will beat competitors Bitcoin, Ethereum, become world’s largest cryptocurrency FXStreet
- ‘Cardano Is Here To Stay,’ Says Creator Charles Hoskinson As ADA Continues To Unravel ZyCrypto
- Hoskinson on Why Why ‘Cardano Is Probably Going To Become the Biggest Cryptocurrency in the World’ CryptoGlobe
- View Full Coverage on Google News
Tag Archives: Cardano
Stark BlackRock Warning As Sudden $1 Trillion Crypto Market Crash Tanks The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Litecoin, Solana, Tron And Shiba Inu Price – Forbes
- Stark BlackRock Warning As Sudden $1 Trillion Crypto Market Crash Tanks The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Litecoin, Solana, Tron And Shiba Inu Price Forbes
- Grantham warns recession is still coming and the Fed is wrong Business Insider
- Bloomberg’s Analysis: Economic Recession and Bitcoin’s Impending Correction CryptoGlobe
- Legendary investor Jeremy Grantham warns a recession is coming and the Fed’s rosy forecast is ‘almost guaranteed to be wrong’ Fortune
- Jeremy Grantham Says Federal Reserve Kidding Itself on Achieving a Soft Landing Bloomberg
- View Full Coverage on Google News
Leak Reveals ‘Enormous’ China Earthquake Could Be About To Hit The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana – Forbes
- Leak Reveals ‘Enormous’ China Earthquake Could Be About To Hit The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana Forbes
- Bitcoin bulls grill $31K as Fidelity ETF move fuels BTC price strength Cointelegraph
- Bullish Bitcoin Signal Flashing for the First Time Ever, According to InvestAnswers The Daily Hodl
- Bitcoin’s exchange balance drops to 5-year low as price hits $30K CryptoSlate
- BTC Skyrockets 15% Weekly but Bearish Signs Start Flashing: is a Correction Coming? (Bitcoin Price Analysis) CryptoPotato
- View Full Coverage on Google News
Bank Of America Reveals Surprise Crypto ‘Key Driver’ Amid $300 Billion Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana Price Boom – Forbes
- Bank Of America Reveals Surprise Crypto ‘Key Driver’ Amid $300 Billion Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana Price Boom Forbes
- Analyst Who Called Bitcoin Bottom Last Year Says All-Time Highs for BTC in 2023 Realistic – Here’s Why The Daily Hodl
- Bitcoin Price Correction To $29k On Horizon After Bulls Lose Control At $30.5k NewsBTC
- Is Bitcoin’s (BTC) Rally to $30,000 the Start of a New Crypto Boom? – Bloomberg Bloomberg
- Bitcoin Price Prediction as $10 Billion Trading Volume Comes In – Where is BTC Heading Now? Cryptonews
- View Full Coverage on Google News
Bitcoin Spikes Above $21,000: Is The Move Sustainable Or Just Speculative Mania? – Cardano (ADA/USD), Bitcoin (BTC/USD)
The largest cryptocurrency by market capitalization, Bitcoin BTC/USD has spiked above the psychologically important barrier of the $21,000 mark. Saturday’s move brought cheer to the subdued markets, which have been rattled by the collapse of several high-profile companies, including cryptocurrency exchange FTX FTT/USD.
The rally in prices of major cryptocurrencies like Polygon MATIC/USD and Solana SOL/USD and memecoins like Dogecoin DOGE/USD and Shiba Inu SHIB/USD, is fuelled by optimism that digital currencies may have bottomed.
This is the first time since Nov. 8, 2022, that Bitcoin has crossed $20,000, having experienced 11 consecutive days of upward movement.
Other notable cryptocurrencies such as Ethereum ETH/USD and Cardano ADA/USD also saw substantial gains, pushing the total market capitalization of the cryptocurrency market over the $1 trillion mark for the first time since November.
The current spike in Bitcoin’s value comes after the Labor Department issued data showing that top-line inflation rose by 6.5% in December, down from 7.1% in November.
On Thursday, Federal Reserve policymakers expressed relief that the inflation rate continued to decrease in December.
Bear Market Not Over
Anndy Lian, Chief Digital Advisor, of Mongolian Productivity Organization tells Benzinga says investors should take a cautionary stance and not become too bullish on the digital currency.
“This does not mean that the bear market is over. Firstly, the lack of Bitcoin trading volume around the region of $18,000 and RSI shows that bitcoin is over-bought, showing that the rally could be short-lived. Secondly, the massive layoffs by the crypto companies and the SEC’s new charges on Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities looks like it would take a longer time to see a real sustainable bull run,” he says.
He added that Bitcoin and other cryptocurrencies tend to respond more quickly to macroeconomic changes and shifts than stocks do and that we may be currently witnessing such a shift.
“I do see more investors putting more capital over the week. Overall, this is still a positive sign for the market,” he adds.
Also read: SingularityNET’s AGIX Token Soars 245% — Is It The Next Big Thing In AI?
Mainstream Adoption Will Lead To More Stability
According to Scott Tripp, a member of redecentralise.com, a not-for-profit organization, the increasing mainstream acceptance and institutional adoption of Bitcoin will lead to more stability in its price over time, the current rally is driven by speculative mania and may not be sustainable in the long run.
Bitcoin May Shoot Up Further Over 2024
Raj A Kapoor, the founder of India Blockchain Alliance, predicts that 2024 could be the year when Bitcoin experiences a significant price increase due to the halving event.
According to Kapoor, this event could be responsible for the current positive sentiment and upward trend in Bitcoin’s value.
“I also feel that large investors or Bitcoin Whales have resumed their Bitcoin holdings. The large Bitcoin whales are keeping between 1,000 and 10,000 BTC in their wallets, according to data from Santimen clearly indicating that investors have been stocking up on Bitcoin, which may be a hint of a recovery in the price of Bitcoin,” Kapoor adds.
Next: FTX Scandal: Media Companies Push For Public Disclosure Of Former CEO Sam Bankman-Fried’s $250M Bond Co-Signers
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Charles Hoskinson Invites Dogecoin to Migrate to Cardano for Free
Cardano founder Charles Hoskinson says Dogecoin should become a Cardano sidechain and is willing to help the meme coin migrate free of charge.
Charles Hoskinson made this statement in response to a tweet asking about what would happen to Dogecoin after Elon Musk bought the social media platform Twitter.
According to Hoskinson, there is a possibility that DOGE will merge with Twitter. When asked whether the meme coin would be converted to a proof-of-stake network, he said:
“(Dogecoin) should be a Cardano sidechain. I’d do the migration for free. Hell, I’d even add smart contracts.”
This statement aligns with his earlier views that Cardano will be the network of blockchains with several sidechains connecting to it.
Speculation Over Dogecoin After Elon Musk Buys Twitter
Elon Musk was largely responsible for the rise of the meme coin after promoting it in several tweets. He also made it a means of exchange for Tesla’s merchandise.
Before buying Twitter, there were reports that Elon Musk planned to support the application of Dogecoin on the social media platform. Speculation around a potential integration rises with his acquisition of the firm.
Although Tesla CEO Elon Musk has already made a few changes to Twitter, he is yet to announce his actual plans for the social media platform.
Tech blogger Jane Manchun Wong also claimed that Twitter is working on a prototype wallet that supports crypto deposits and withdrawals.
DOGE Price Performance
Since Elon Musk took control of Twitter, Dogecoin has rallied, gaining 44.3% in the last seven days and trading at $0.085692. DOGE bull rally is based on the anticipation of what Musk would do with Dogecoin now that he has control of Twitter.
DOGE trading volume in the last 24 hours is $3.8 billion, showing many traders are currently buying into it. Its current rally has pushed it back into the top 10 cryptocurrencies by market cap.
Meanwhile, Cardano ADA is also up 5.2% in the last 24 hours and 16.1% in the past seven days. ADA has rallied following the broader market’s recent rise.
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Cardano Creator Charles Hoskinson Says Hundreds of Crypto Projects Gearing Up for Launch After Blockchain Upgrade
Charles Hoskinson says many projects are preparing to launch on the Cardano (ADA) blockchain after its Vasil hard fork upgrade.
Hoskinson, the Cardano co-creator, says in a tweet that there are hundreds of projects announcing they will advance using ADA’s new capabilities become available to developers next week.
“I’ve seen hundreds of tweets like this one. Lots of projects are excited to deploy now.”
He refers to the project from the decentralized streaming music company NEWM, which is developing a platform to allow artists to share music among consumers and earn royalties through NFTs.
NEWM says the Vasil upgrade will make its operations more efficient.
“What does this mean for our community? We’ve been waiting for Vasil to deploy our smart contracts. This upgrade makes them more efficient and cost-effective on Cardano. The future of music is happening now! More on this soon.”
In another tweet, Hoskinson praises the achievement of the upgrade while criticizing a news headline for saying the upgrade came after a three-month delay.
“It’s amazing to me to see the passive aggressiveness in some of the headlines. We’ve just completed a major milestone that took coordination and testing from people and companies across the world, but the news item is ‘three-month delay’? Journalists always tell you who they are.”
The Input Output Hong Kong (IOHK) CEO previously said the upgrade makes the goals of ADA seem achievable.
“We built Cardano to be the financial operating system of the world. We built it to bank the unbanked. We built it as a community to give economic identity to those who don’t have it so we can have one global fair marketplace.”
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Cardano Creator Charles Hoskinson Warns That the White House’s New Crypto Proposals Pose Grave Threat to Bitcoin
Cardano (ADA) creator Charles Hoskinson is warning that new recommendations by the US government do not bode well for Bitcoin (BTC) and other crypto assets.
Taking issue with the recommendations of a new White House Office of Science and Technology Policy report that calls for the involvement of the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DoE) to create evidence-based environmental standards for the responsible design of digital assets, Hoskinson says the proposals could result in an outright ban of Bitcoin.
“[The] EPA and DoE are going to start talking to crypto companies to basically tell them to change the way that their cryptocurrencies work.
And which way? Well, these should include, ‘Standards for very low energy intensities, low water usage, low noise generation, clean energy usage by operators and standards that strengthen over time for additional carbon-free generation to match and exceed additional electricity load of their facilities.
Should these measures prove ineffective at reducing impacts, the administration should explore executive actions and Congress might consider legislation to limit or eliminate the use of high energy intensity consensus mechanisms for crypto-asset mining.’
In other words, Bitcoin should be banned. That’s how you read that.”
The report is a response to an executive order signed by President Joe Biden in March calling for “responsible digital asset innovation.”
According to Hoskinson, the US government can employ various strategies to achieve its objectives that could spell bad news for proof-of-work crypto assets.
“The White House is now basically hiding in page seven a report no one will ever see or read: ‘Hey Mia, nice thing you got there with proof of work but, you know, global warming bad. So we should ban it.’
And we will soft ban it by having the EPA and DoE come in and basically create standards that you can’t adhere to.
And then when you can’t, create some form of executive order or legislation to basically prevent you from being able to do it.
Or destroy your profit margins so it’s no longer profitable for the American mining industry.”
I
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Crypto Analyst Predicts Wild Cardano (ADA) Price Swing, Sets Downward Target for One Ethereum Rival
A popular crypto analyst known for timely altcoin calls says that some wild volatility could be in play for Ethereum challenger Cardano (ADA).
The pseudonymous trader known as Pentoshi tells his 584,000 Twitter followers that after a strong and lengthy downtrend, Cardano is likely in for a big relief bounce.
According to the analyst’s chart, Cardano could rally to his initial target at $0.64. Above that level, the next target is in the $1.00 to $1.10 range.
“ADA update:
Eventually, this will have some pretty wild mean reversion.
I certainly wouldn’t be shorting here (would wait for a nice bounce to do that if it rejects at purple sometime in July.”
At time of writing, ADA is swapping hands for $0.45.
Pentoshi also has his eye on another Ethereum (ETH) rival for potential opportunities.
According to the trader, smart contract platform Solana (SOL) will continue to weather more pain as long as it stays under the $130 level. He says that SOL is on its way to $20 before the year’s end but with relief rallies in between, possibly to the $60 and $80 ranges.
“SOL update:
I think this will eventually trade at like $20-22 later in the year. Give it another three to five months perhaps with a stronger bounce or so in between.”
At time of writing, SOL is trading for $33.42.
With Bitcoin well below its all-time high and still undergoing a relentless downtrend, Pentoshi addresses a question from one of his followers about the possibility that BTC never fully recovers.
According to the analyst, Bitcoin is in a strong long-term cycle of greed-fueled rallies and fear-fueled corrections and that there is no sign of it ending anytime soon.
“How many times has BTC died?
If you believe it won’t come back then you believe that human greed and fear are gone. Look what’s painted on the chart.
Your fear turns into someone else’s greed. The cycle repeats. The only thing markets do is shed the weak, then new growth comes…
Just like alt season has the word season in it which itself implies seasonality, not something ever-lasting. Markets have to shed the dead weight. All things in life are cyclical. You can’t defy the laws that govern the universe.”
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Crypto Analyst Predicts Strong Cardano (ADA) Bounce Toward End of June – But There’s a Catch
Closely followed crypto analyst Benjamin Cowen says Cardano (ADA) looks poised for a late June rally under one key condition.
In a new strategy session, Cowen tells his 749,000 YouTube subscribers that based on Cardano’s history, ADA is likely due for a relief rally up to what he calls the bull market support band, which is a combination of the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).
“We saw several rallies up to the bull market support band during the 2018 bear market, and then eventually we reached some type of accumulation phase, where you sort of put in some type of a double bottom and it’s a more convincing bottom than say a single point where you rally off of and never look back…
We discussed the idea [that] we’re likely going to come back up to the bull market support band and one of the reasons we said that is because of the idea that remains to be proven yet – I don’t even know if its going to come true – but if you follow my other videos we talked about the idea of a June rally for Bitcoin.”
If history repeats and Bitcoin sees a relief rally to its bull market support band, which is currently near the $40,000 level, the popular crypto analyst says that ADA would be on track to reach a target up to about $0.80.
“If we were to extend this out, the bull market support band, then let’s say by the end of June it could correspond to an ADA of $0.75 to $0.80 or something. So a slight improvement on the current price, maybe to the tune of 20% or something, and this is of course assuming Bitcoin sees some type of relief rally above just the $30,000-$32,000 level.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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