RateCaptain
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
RateCaptain
No Result
View All Result
Home Cryptocurrency

As Cardano passes the $1 marker, Here is why it’s still bullish

Rate Captain by Rate Captain
March 24, 2022
in Cryptocurrency
Reading Time: 1 min read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Over 24 hours late on Wednesday, Cardano (CRYPTO: ADA) traded 12.3% higher at $1.09, a gain of 12.3%. For the first time in almost a month, the token has surpassed the psychological $1 threshold.

Charles Hoskinson, who is also a co-founder of Ethereum, founded Cardano. It is the seventh-largest cryptocurrency by market capitalization and the native token of its eponymous proof-of-stake blockchain platform.

AlsoRead

Ethereum make Bullish to Target $1,750

BTC’s Price Rises as Market Reacts to the Fed hawkish move.

Bitcoin recharges with optimism, aims for a $25K area

Coinbase Global Inc, a cryptocurrency exchange, announced on Wednesday that it is now introducing Cardano staking as part of its efforts to provide clients with more options to earn crypto rewards.

Coinbase already offers staking services for Ethereum, Algorand, Cosmos, and Tezos, among other cryptocurrencies.

In addition, Cardano developer Sebastian Nagel announced the release of the first version of the hydra-node that can connect to the public Cardano testnet. This marks a major milestone for Cardano’s Layer 2 hydra solution.

He said “This is our first version of hydra-node which can connect to the public Cardano testnet – version 0.4.0!

It’s still a bit tricky to set up, there be dragons and footguns. We aim to improve on the situation with 0.5.0 and many more releases to come.”

Meanwhile, blockchain intelligence firm into the Block noted that large holder addresses are increasingly continuing to accumulate Cardano.

The company said “$ADA soars by 10% over the last 24hours as the accumulation patterns continue the addresses by holding indicator show an increasing accumulation across the board in the different brackets. Addresses holding 10-100 and 100k-1m ADA increased their balance by 12% and 11% in 30 days”

Previous Post

Despite the recent rumors, Malaysia doesn’t plan to adopt cryptocurrencies as legal tender

Next Post

Panics as the global diesel scarcity compounds Nigeria’s distress

Related News

Ethereum make Bullish  to Target $1,750

Ethereum make Bullish to Target $1,750

by Rate Captain
February 2, 2023
0

Ethereum (ETH) rallied by 3.60% on Wednesday. Following a 1.21% gain on Tuesday, ETH ended the day at $1,642. After...

BTC’s Price Rises as Market Reacts to the Fed hawkish move.

BTC’s Price Rises as Market Reacts to the Fed hawkish move.

by Rate Captain
February 2, 2023
0

The price of the crypto market leader, Bitcoin (BTC), spiked to a high of $24,253.28 over the last 24 hours...

Bitcoin recharges with optimism, aims for a $25K area

Bitcoin recharges with optimism, aims for a $25K area

by Rate Captain
January 23, 2023
0

Bitcoin is up 7.7% over the past week, trading at $22.7K on Monday morning. Ethereum added less - only 4.1%...

Crypto investors lose over $235 million on panic selling over Auditor’s Exit

by Rate Captain
December 19, 2022
0

The bears are holding on to the Crypto market amid weakened buying pressures. Following the announcement by a well-known auditing...

Next Post

Panics as the global diesel scarcity compounds Nigeria’s distress

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Airtel Africa’s nine-month turnover hits $3.9billion.

Airtel Africa’s nine-month turnover hits $3.9billion.

February 3, 2023
Charges on cash transactions skyrocketed by POS agents.

Charges on cash transactions skyrocketed by POS agents.

February 3, 2023

Popular Story

  • CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

    CBN Directs Banks to Start Paying New Naira Notes Over the Counter.

    0 shares
    Share 0 Tweet 0
  • MTN Nigeria Annual profit hits N361.5 billion.

    0 shares
    Share 0 Tweet 0
  • Shell’s annual profit hits $39.9 billion.

    0 shares
    Share 0 Tweet 0
  • Naira depreciates to N749/$ in the parallel market.

    0 shares
    Share 0 Tweet 0
  • Charges on cash transactions skyrocketed by POS agents.

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

?>