The growing use of DeFi protocols and decentralized applications built on Ethereum appears to have overloaded the network to the point of unsustainable transaction fees. That said, several cryptocurrency ecosystems are now in a race to usurp dominance from Ethereum amid this “slip up,” and Binance CEO, Changpeng Zhao, is rooting for Binance Smart Coin […]
The Dubai-based cryptocurrency investment fund, FD7, believes that the value of Cardano (ADA) and Polkadot (DOT) will surpass that of Bitcoin (BTC) in the coming years. Consequently, the firm has announced that it will offload about $750 million worth of its BTC holdings and increase its exposure in ADA and DOT. FD7 (Fall Down Seven […]
ADA Price Analysis – February 23 The price may increase to $1.23 – $1.31 should the bulls gain more momentum and the daily candle closes above the $1.11 level. In case the bears defend the $1.11 level, the bears’ pressure may likely reduce the price. ADA/USD Market Key Levels: Resistance levels: $1.11, $1.23, $1.31 Support […]
The Next “Buzz Word” AltcoinsLast month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month. Let me put this into perspective. In late […]
Cardano (ADA), the tenth-largest cryptocurrency, has recently released the date for its long-anticipated Hard Fork Combinator (HFC) event termed “Mary.” According to the founder of the project, Charles Hoskinson, the network upgrade will occur on March 1, after a satisfactory developer checks and quality assurance result on the HFC on February 24. Hoskinson noted that […]
