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Cardano price, market cap on Coin360 heatmap

Cardano(ADA)

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$0.510712
(-3.74%)
0.00002203 BTC
Market Cap (Rank#8)
$17,230,921,670
743,350 BTC
Vol 24h
$284,101,140
12,256 BTC
Circulating Supply
33,739,028,515.76
Max Supply
45,000,000,000
13h agocoindesk
Usuario cripto anónimo molesta a celebridades enviando ETH desde Tornado Cash
Pequeñas cantidades de ether fueron enviadas desde una dirección sancionada a celebridades y figuras cripto prominentes el martes.
15h agozycrypto
Tech Billionaire Mark Cuban Touts Dogecoin, Saying It Boasts More Potential Applications Than Cardano
“Shark Tank” investor and owner of the National Basketball Association’s Dallas Mavericks Mark Cuban recently shared his take on the differences between smart contract network Cardano and original meme coin Dogecoin, and which he believes holds the most potential.
15h agocoindesk
Canadian Regulators Probing Crypto Lender Celsius Network Alongside US: Report
Canada's provincial securities regulators are investigating how Celsius' implosion is impacting investors in North America.
15h agocryptodaily
3 Cryptos To Buy During The Dip Season: Dogeliens, Cardano, And Synthetix
Blockchain-based assets like cryptocurrencies have paved the way for seismic shifts in the investment and financial services sector globally. As per Deloitte's 2021 Global Blockchain Survey, around 76% of the respondents claimed that digital assets like cryptocurrencies are likely to either replace or evolve as an alternative for fiat currencies globally over the next 5-10 years. The sentiment is mirrored by the rally in cryptocurrency prices and the launch of new products. Promising benefits like high returns that are immune to external factors, data privacy, and low transaction fees, these assets are disrupting the financial markets with global applications. For rookie investors who are looking for cryptocurrencies that could yield good returns even when crypto prices are going down, Dogeliens (DOGET), Cardano (ADA), and Synthetix (SNX) are good options. Here's a brief description of their key features. Dogeliens combines meme community power with utility In an effort to replicate the success stories of digital goods derived from dog memes, Dogeliens aims to catalyse the cryptocurrency universe with its niche features. Users can look forward to accessing cool DeFi features on the peer-to-peer platform without any interference from third parties. The open-source platform is built on Binance Smart Chain. The decentralized platform also has its own native token, DOGET, that can be used for a host of transactional purposes like staking and yield farming and also to earn rewards and voting rights. Users will be able to purchase it on presale. The platform's unique feature is that it takes a playful and engaging approach to users' experiences, right from amusing names of features to witty references to dogs, the platform is fun galore. For instance, the platform will offer free educational resources and courses to its users on blockchain technology, decentralized finance, and cryptocurrencies via its two initiatives, University of Barkington and Dogeliens Academy. At the University of Barkington, users could enroll themselves in a diverse program to learn everything under the sun about NFTs, DeFi, and blockchain technology. Meanwhile, at the Dogeliens Academy, users will be able to access a well-managed virtual classroom to educate them about cryptocurrencies, their scope and the course content would include informational videos and articles. A few areas of the facility would only be accessible by paying a fee or by token holders, but the majority of the facility would be free to use. The platform aims to donate 3% of the earnings made on each transaction to its charity wallet. At the end of each month, the Dogeliens community members would vote on the charities to which the assets would be sent. Cardano: Empowering developers with high-performance dApps The Cardano platform uses a proof-of-stake consensus protocol to enable its users to deploy scalable dApps. The network has its own native token, ADA, that can be used for staking, yield farming, and a host of other transactional purposes on the platform. Token holders also get to decide on key proposals concerning the platform's future development and how the treasury funds are utilised. ADA Token holders can earn rewards by participation either through their own stake pool or by delegating the task of staking to a third party. The quantum of rewards earned by a user depends on the number of tokens that are staked. Synthetix: Permissionless futures trading The platform enables its users to create synthetic assets with decentralized features and grants them exposure to real-world assets on a blockchain system. This way, investors can look forward to permissionless and hassle-free derivatives trading on blockchains. Users can also leverage Synthetix's liquidity and debt pools to get optimal prices with little scope for slippage. Synthetix members can use its native token, SNX, for any transactional purpose that they might encounter on the platform. Investors can earn weekly rewards and collateral with their staking activities. Dogeliens (DOGET) Presale: http://ufo.dogeliens.io/ Website: http://dogeliens.io/ Telegram: https://t.me/DogeliensOfficial Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
18h agocoindesk
Compañía de energía renovable capta $4.3M para convertir un vertedero de metano en bitcoin
La primera ronda para levantar capital fue liderada por Polychain Capital
23h agocryptodaily
Gnox (GNOX) Presale Expected To Be Sold Out By Mid-August. Ethereum (ETH), And Cardano (ADA) Spike In Price
ETH and ADA Price Spiking On Upcoming Renovations Both Ethereum (ETH) and Cardano (ADA) have been spiking as of late as crypto investors anticipate milestones such as Ethereum's “merge” which will finally take the blockchain off of proof-of-work and onto a proof-of-stake accounting mechanism. The merge is expected to reduce the amount of energy needed to run the blockchain by 99% while speeding up transactions. It won’t however, have much of an effect on the gas prices as they are solely based on network usage which is expected to only go up. ETH is currently priced at over $1500 and has risen more than 60% in the past couple of weeks. Cardano is on the verge of launching Vasil on its mainnet — the most important milestone in 2022. According to developers IOG, Vasil will offer Cardano platforms “significant performance and capability upgrades” and a better experience overall. ADA is selling at around 50 cents at the time of writing and has recently seen a 30% surge in price. Gnox (GNOX) Presale Is On Fire Gnox Token (GNOX) is now in Round 3 of its private, pre-launch token offering. The presale was divided into three phases with a certain amount of tokens allotted to each phase. At the end of each round, all unsold tokens are burned, thus raising the price for the next round. However, things didn’t go as expected. Round 2 actually sold out with days. The third phase runs until August 12th and is also expected to sell out. So if you want in on GNOX, now is the time. But what is the Gnox platform and why is it on fire before the platform has even launched. GNOX is the first DeFi token to have a real shot at mass adoption. Right now, if crypto investors want to build a diversified portfolio of assets, they have to go to do all of the research and then open an account on an exchange and buy the assets piecemeal. Furthermore, if you want to earn any passive income on the assets you have to learn the ropes of DeFi platforms that offer staking, lending, and pooling opportunities. It’s a lot of work and most people end up not getting the results they’re hoping for. GNOX changes all that. All you have to do to be invested in a diversified portfolio of crypto assets is buy and hold the GNOX token. Done. A team of professionals does all of the heavy lifting. You can think of GNOX as you might think of an ETF that gives you exposure to a basket of stocks. However, GNOX takes it a step further and offers ongoing passive income to all holders. The GNOX treasury (which is funded by a royalty on token sales) will be invested in top cryptocurrencies that offer passive income opportunities across several platforms and blockchains. The revenue will then be used to buy back and burn GNOX tokens on a monthly basis thus constantly reducing the supply. Moreover, a 1% royalty on all aftermarket sales will be airdropped back to all GNOX holders every hour. This means you can sit back and watch your stack grow throughout the day. This, on top of a constantly growing treasury that produces more and more passive income provides great incentive to get in as early as possible and hold for the long haul in order to create generational wealth. You can get in on the presale and learn more about GNOX on the Gnox.io website. Learn more about Gnox: Join Presale: https://presale.gnox.io/registerWebsite: https://gnox.ioTelegram: https://t.me/gnoxfinancialDiscord: https://discord.com/invite/mnWbweQRJBTwitter: https://twitter.com/gnox_ioInstagram: https://www.instagram.com/gnox.io/ Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
23h agocryptopotato
VisionsDao Exits Stealth Mode and Presents a Modular Stack for GameFi
[PRESS RELEASE – Toronto, Canada, 8th August 2022] An up-and-coming GameFi infrastructure startup, VisionsDAO has been building for more than a year what could become a foundational primitive for game developers looking to implement sound crypto economic designs and plug-and-play modules that will power a new wave of sustainable on-chain Web3 games to come to […]
1 day agozycrypto
Cardano Sees Insane 270% YTD Jump In On-Chain Transfer Volume, Overtakes Bitcoin, Ether, And DOGE
Cardano recorded significant growth in transaction volume during which the volumes of major cryptocurrencies, including bitcoin, ethereum, and dogecoin, were struggling amidst the dire crypto winter landscape.
1 day agocryptosrus
Australia-based crypto miner doubles hash rate after energizing Canadian rigs
Covered: Australian Bitcoin Miner Increases Hash Rate Australian Bitcoin Miner Increases Hash Rate Australian Bitcoin miner Iris Energy said it had increased its hash rate to more than 2.3 exahashes per second following the completion of phase two of its operations in Mackenzie, Canada. In a Monday announcement, Iris Energy said it had brought 41 […] The post Australia-based crypto miner doubles hash rate after energizing Canadian rigs appeared first on CryptosRus.
1 day agocointelegraph
Price analysis 8/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin price aims to break from its current range and flip $24,000 to support, while altcoins are following the upside move by attempting to confirm their bottoming patterns.
1 day agocryptodaily
Chronoly.io Maintains 560% Growth For Weeks, Tezos (XTZ) And Stella (XLM) Continue Downward Spiral
The cryptocurrency market remains an uncertain terrain to dive into without proper trading skills and the knowledge of how the market works. Today, the market is up with investors "cashing out" big time. The next few minutes, the same investors are counting their losses. Despite the fluctuating nature of the crypto market, there are still some tokens that have managed to sustain their growth trajectory. These tokens have an experienced developmental team that has left no stone unturned in a bid to offer their users more value. Chronoly.io is a novel token that suits this description. While Chronoly has continued to maintain a 560% gain for weeks now, Tezos (XTZ) and Stella (XLM) appear to be on a downward trend. Read on to find out what the respective projects are doing to beat the negative market sentiment. Chronoly.io Has Everything To Surpass Popular Tokens Chronoly (CRNO) has been predicted to be the next big thing to happen in the crypto and NFT market. Despite the prolonged bearish market that plummeted the prices of most cryptocurrencies, Chronoly.io (CRNO) token maintains 560% growth for weeks. "Chronoly is bound to refine the NFT and cryptocurrency space," an investor who just purchased the token in the presale said. Chronoly.io is an Ethereum-powered marketplace offering fractional investments in luxury watches on a DeFi. Chronoly's focus is to lower the financial barrier of participating in the luxury watch investment business. CRNO, the project's native token, comes with lots of real-world use-cases, including granting token holders access to club membership and earning passive income from staking. The Chronoly.io team plans to collaborate with big influencers in the metaverse gaming space to offer more value to gamers and investors. Industry experts have predicted that the price point of CRNO might hit $1 in the coming weeks if the team continues in this trajectory. Including CRNO in your portfolio can be a game-changer, as the project is still in its early stage. Chronoly'sroadmap highlights different activities for its phrase three, including building strategic partnerships, expanding influencer outreach, and launching a lending protocol. Tezos (XTZ) Continues To Innovate To Offer Value Tezos (XTZ) has continued to suffer a price setback despite a halt in the global prices of most cryptocurrencies. The Tezosteam has promised users that it will continue to improve on its outlook to offer more value. Experts believe that improving Tezos' use-cases will further stabilize the token price point. Tezos is a smart contract platform that developers can leverage to create decentralized applications. It gained prominence as one of the leading blockchain-based projects to first implement the proof of stake consensus algorithm. Despite the fact that projects like Cardano and Solana have also implemented the proof of stake consensus algorithm, Tezos has not slowed down its innovative drive. Its native token, XTZ, has a wide range of use cases, including for the payment of goods and services on the Tezos protocol. Token holders can also use the token to participate in governance voting. Founded in August 2014 by Arthur and Kathleen Breitman, Tezos has a foundation geared towards supporting the community members. As of press time, Tezos (XTZ) trades for $1.78 USD with a 24-hour trading volume of $37,273,070 USD. Stella (XLM) Announces Smart Contract Platform “Soroban”, Plans To Extend Gains In the last 24 hours, Stellar (XLM) has been trending downward. This may not be unconnected to the global market sentiment. Popular coins like Bitcoin and Ethereum nosedived during the crypto waves, and now they are ready to enter into support. In a bid to offer more value to users and extend its gains, the Stellar (XLM) developmental team recently launched a smart contract platform known as "Soroban." The initiative to launch Soroban is part of the company's drive to encourage massive token adoption and offer more value to users globally. The announcement invited developers to jump on the bandwagon to create their own unique contracts. Once Soroban becomes active, Stellar (XLM) will provide users with a wide range of use cases, including transforming payment systems to compete with major blockchains like Ethereum. The team's focus is to provide investors and traders with an accessible, user-friendly, and scalable platform. Soroban has the potential to revolutionize the smart contract niche in the crypto industry. Soroban will be independent of the Stella (XLM) network but will be paired with XLM to provide users with equitable access and accessibility. According to Stella's (XLM) roadmap, the team plans to improve on the project in terms of participation, demand, and scalability. As of press time, Stella (XLM) trades at $0.114885 USD with a 24-hour trading volume of $126,162,543 USD. For more information about Chronoly.io presale Website: https://chronoly.io/ Telegram: https://t.me/Chronolyio Presale: https://presale.chronoly.io/register Twitter: https://twitter.com/Chronolyio Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocryptodaily
VisionsDao Exits Stealth Mode and Presents a Modular Stack for GameFi That Enables Sustainable Economies
Toronto, Canada, 8th August, 2022, ChainwireAn up-and-coming GameFi infrastructure startup, VisionsDAO has been building for more than a year what could become a foundational primitive for game developers looking to implement sound crypto economic designs and plug-and-play modules that will power a new wave of sustainable on-chain Web3 games to come to market and thrive. VisionsDAO aims to enable engaging gameplay and circular game economies through high-quality crypto-economic modules that accelerate time-to-market while reducing development costs and risks for Web3 game builders and legacy game studios who want to make the leap into blockchain-powered games. VisionsDAO wants to challenge the current “Play-to-Earn” gaming format. “When earning became the main design focus for players, guilds and project teams, games felt more like jobs than sources of joy, and the end result was higher acquisition costs, and lower retention rates.” - said VisionsDAO co-founder Nico Rodriguez. One of the issues faced by many games was related to hyper-inflationary token designs that were not sustainable, requiring a growing number of new players to buy an ever-growing supply of tokens flooding the market. Due to that, token prices tanked, and failure rates at first-wave GameFi companies became a scary topic for gamers, investors and founders alike. In order to solve that, VisionsDAO developed a stack of 5 modules that can be selectively or entirely included by game developers, ultimately adding up to creating a fully on-chain business simulation game. The Visions-SDK allows anybody to instantiate their own simulation game, by configuring the parameters of the modules to function exactly as they want them to. Nico Rodriguez, who also leads the technical development of the project, talked about his desired impact on the entire Web3 Ecosystem: “We’re making the development of on-chain business simulation & economy games so streamlined that we also believe that not only legacy gaming studios and Web3 game builders will benefit from our stack, but also that we will enable the emergence of DAO Social Games as a new community building tool, increasing their size and engagement, while also helping DAOs and Protocols to expand their treasury via novel mechanisms such as crafting items through forging fungible and non-fungible digital assets.” Builders using the VisionsDAO SDK can launch games that operate on-chain, with interoperable capabilities across EVM compatible blockchains, taking advantage of circular economic features and reducing hyperinflation risks. The modules are built with the same mindset that enables rigorous DeFi protocols to succeed. “We’re building innovative GameFi infrastructure and tooling so that devs and artists can do more together. Through our first modular stack, we aim to jumpstart the unfolding of an ever-expanding universe of interoperable ecosystems, not only within gaming but also within other thriving and nascent sectors of Web3. GameFi can be integrated into every segment, from DeFi to ReFi, accelerating the adoption of new decentralized technologies, and also new values.” Added co-founder and ecosystem development lead, Phil Lewandowski. VisionsDAO has raised $2.2m in their seed round from industry giants Animoca Brands, Spartan, trailblazing founders and angels like Trent McConaughy, Bruce Pon and John Lilic, in addition to receiving tremendous support from accelerators and strategic partners such as Alliance DAO and Kilonova Ventures. The founders invite all game builders, hardcore gamers, DAO members, investors and GameFi enthusiasts to get in contact for learning more about the protocol and for future partnership opportunities through their website. About VisionsDAO VisionsDAO is a decentralized and open-sourced infrastructure provider bringing business simulation games on-chain. It merges the resilience of token engineering into gaming to unlock new streams for value creation. VisionsDAO’s circular economic models and gamified dividend pools empower developers to gamify the entire ecosystem. Learn more: https://www.visionsdao.io/ContactsVisionsDAO [email protected]
1 day agocryptodaily
Embattled Crypto Exchange Zipmex Set To Release Bitcoin and Ethereum for Customers
Cryptocurrency exchange Zipmex will soon release Bitcoin and Ethereum tokens this week, allowing customers to retrieve their assets after it suspended withdrawals from its Z Wallet product. The move will allow 60% of its customers to retrieve their digital assets. The Singapore-based crypto exchange, which also operates in Australia, Thailand, and Indonesia, halted customer withdrawals from its Z Wallet in July amid the market turmoil citing “volatile market conditions” as reasons for doing so. It has been reported that Zipmex is facing a loss of $100 million in funds lent to crypto lender Babel Finance. Babel froze withdrawals in mid-June as volatile conditions in the crypto market led to a flurry of defaults relating to overleveraged firms such as Three Arrows Capital and Celsius Network. The company said in a Tweet that Ethereum will be released on Thursday, 11 August, and Bitcoin on August 16: Zipmex is planning to release a specific amount of ETH and BTC on 11 and 16 August respectively. We’re working hard to release the balance of Z Wallet holdings ASAP. Last week, Zipmex released Cardano (ADA), Ripple (XRP), and Solana (SOL) tokens to users’ wallets. The process started on Tuesday, August 2 with SOL, followed by XRP on Thursday, and finally ADA on Sunday. Zipmex is just one of the several cryptocurrency firms hit by the $2 trillion meltdown in the market that forced many players to halt withdrawals and some to file for bankruptcy. The firm did however announce late last month that it was in talks with investors for potential funding. Shortly after Zipmex suspended its withdrawals, the Thai Securities and Exchange Commission (SEC) launched a hotline for Zipmex customers to submit details on their losses. The SEC also launched an investigation into the exchanges, claiming the company may have violated trading rules by suspending withdrawals. It said that the firms cited inadequate reasons for such actions as “market fluctuations.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Bware Labs Announces The Blast Incentivized Testnet, Code-Named Houston
Working towards their stated goal to build the highest-performing, most reliable, blockchain API platform, Bware Labs, the company behind Blast, is launching the Houston Incentivized Testnet. The purpose of the testnet mainly revolves around verifying all the technical aspects involved in the decentralization of the Blast API Platform, from the proprietary Node Integrity Protocol to the Staking Mechanism. At the same time, it aims at preparing future Node Providers for the mainnet launch while giving them the option to obtain enough funds to join the platform in its production state. In terms of rewards, the total amount reserved for the entire Houston Testnet is 1M BWR tokens, which makes for 1% of the total token supply. The tokens received during the testnet will be sufficient for each participant to be able to run at least one node when the mainnet is live. Bware Labs claims that, thanks to their integrity protocol and incentivization mechanism, the Blast API platform will be able to keep the highest level of performance in the industry even after the decentralization takes place. This means that no change in the quality of the service would be visible to their constantly growing number of adopters and customers, among which we can already enumerate Coingecko, DIA, Connext, Moonwell, Subscan, DappRadar and many others. The first phase of the Houston Testnet (The Launch Phase), will be restricted to the companies’ closest partners from the infrastructure and node-operating segment. The list includes reputable companies with vast experience in running blockchain infrastructure such as: Dokia Capital, Stakin, P2P, Hashquark, Hypersphere and Woodstock. Once this preliminary stage is completed, Bware Labs will welcome independent node runners to onboard the testnet in Phase 2 (The Orbit Phase) and earn rewards, while helping the company achieve its mission of providing quality-driven, decentralized services. The Houston Incentivized Testnet will end with a third phase (The Landing Phase), where the creativity of participants is required in finding improvements, corner cases, or any feedback that will help the platform become more robust and easier to use by both API consumers and Node Providers. All the details for the Houston Testnet, as well as the schedule and missions for those interested in becoming Blast partners as Node Providers, are available on the Houston Testnet landing page https://houston.blastapi.io/houston-testnet. About Bware Labs The mission of Bware Labs is to create an infrastructure and development ecosystem that can help Web3 builders throughout their entire blockchain journey. The company aims to play a decisive role in worldwide blockchain adoption. Proving its commitment to bringing true reliability and quality to Web3, Bware Labs has partnered with some of the greatest names in the industry such as Polygon, Avalanche, Elrond, Moonbeam and Fantom. This will further support blockchain development efforts by providing the highest quality infrastructure services in the crypto space. Bware Labs also supports Blockchain projects from a validator role. Capitalizing on its engineering team’s vast blockchain experience, the company is trusted by more than 15 Blockchain Networks to run validators for their projects. Website: https://bwarelabs.com/ About Blast, the blockchain API platform powered by Bware Labs As the first and primary product developed under the Bware Labs umbrella, Blast is a blockchain API platform that provides easy blockchain access to the most relevant networks in the space. Using Blast, developers are able to get RPC and Websocket access to an ever-growing number of blockchain networks in just a couple of simple steps. Providing unparalleled quality, performance and ease of use for API consumers like dApp developers, exchanges, and other crypto projects, Blast innovates on the provider side as well. It does this by being the first to adopt a reward model for node runners, incentivizing them in order to increase the decentralization of the platform and ultimately improve access to the supported blockchains. Website: https://blastapi.io/ Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocoindesk
Vitalik Buterin minimiza el impacto de nuevas bifurcaciones de Ethereum tras la fusión
Según su cofundador, es improbable que la blockchain se vea “significativamente afectada por otra bifurcación”.
1 day agozycrypto
Bitcoin Races Towards $25,000 As Traders Remain Super Bullish On Cardano, Polkadot, Solana
After a solid monthly close in July, Bitcoin bulls seem to be back in action, determined to push the price towards $25,000 despite various macro uncertainties clamping down volatility.
1 day agocryptopotato
ADA at Critical Resistance Around $0.55, is a Rally Coming? (Cardano Price Analysis)
With the market turning green today, Cardano is also ready to make a significant move. Key Support levels: $0.50, $0.45  Key Resistance levels: $0.55, $0.66  ADA’s price has returned to the key resistance of $0.55, and bearing in mind the bullish momentum across the market today, a breakout appears likely. Should it succeed in turning […]
1 day agocryptodaily
Democratising NFT Whitelisting Puts Web3 Closer To Advancing The Creator Economy
The current state of decentralised markets and the global Web3 community is more complex than ever before, and it has not been getting any easier to grasp. The reason for this complexity is the different levels of innovation and market capture of NFT & crypto projects in the space. For one, there are legacy ecosystems showing little visible innovation, such as the BTC ecosystem; on the other hand there are networks like Avalanche which have nothing but performance and efficiency in mind when orchestrating their operations. Exponential innovation that many strive towards happens in the labs of such projects. A contrast in Web3 projects of this kind, just like in most other industries, can create quite a disorder in the communities surrounding this space. Problems With The Current NFT Whitelisting Practices As most of us are aware, communities, especially in Web3, are the gears powering advancement and progress, because the existence of lightning-fast feedback loops can help a given project excel and fix problems quickly. However, there is not much one can do to decrease the aforementioned innovation and engagement contrast seen in today's decentralised environment - what is possible, however, is being able to adapt to it and turn smaller niches within Web3 toward stability, which communities need today. Whitelisting of NFTs has come a long way since the first baby-steps of these unique on-chain items in 2017, when projects like CryptoKitties came to market, but the characteristics of the average NFT whitelist haven't been improved a whole lot. In a conversation with a dedicated NFT enthusiast, you may find out how difficult and often unfair NFT launches can be - you might start hearing complaints about front-running bots, whales, and similar malicious parties ruling the releases of NFTs, or how projects themselves pay little attention to how well-distributed the allocations really are. Reportedly, seas of NFT newcomers have experienced similar issues. NFT markets have been flooded with lottery-based lunches that don't provide the right incentives, projects that can't manage to communicate honestly and efficiently with their audience or those that use the outdated first-come-first-served model, and, of course, those who rug-pull. Preventing Further Downsides Such projects and methods of whitelisting are doing nothing but dragging the reputation of NFT initiatives that do meaningful work and have some level of underlying value behind them. So far, there has not been a clear pathway to stopping this. NFT & crypto communities are demanding more from projects by the day, but the flawed inner mechanics of NFT collection whitelists prevent advancements that could change the space for the better. Simply speaking, the obvious solution might be to try and solve the foundation on which the standard way of launching NFTs is built, and enable fairer and more accessible drops from there. A new foundation could potentially be built with new motivations and incentives offered to different kinds of participants. For example, the first-come-first-served and lottery-based models could be replaced with certain competitions or prediction events that would create a challenge and reward participants putting in the most effort with allocations. Instead of continuing the operation of mechanics that can damage inexperienced or easily-persuaded individuals, a given NFT project may search for alternatives for launching NFTs in a fair manner - in ways that do not clash with the key values of decentralisation. Only recently new and unique projects started paying attention to the NFT whitelisting fairness issue, and some progress has already been made. SparkWorld* & Fair NFT Distribution One of the most influential projects in this largely untapped niche is SparkWorld*, a UK-based upcoming inventive NFT launchpad with its core built on prediction events on the AVAX blockchain. The goal of SparkWorld* is one that resonates deeply with this article's topic - igniting fairness, proper rewards, and fun within the NFT market. One of the key highlights of SparkWorld* is its invention of an entirely new set of on-chain mechanisms - Fair Prediction Launches - created for reducing the overall dependence on the aforementioned first-come-first-served model, providing access to all enthusiasts, helping prevent market manipulation, and creating never-before seen levels of transparency through its due diligence processes. Some of the most troubling aspects of NFT launches today are poor distribution methods - members have no choice but to trust some third-party to handle transactions, especially in lottery-based launches, which tends to create imbalance in distribution and favour some parties better than others. Benefits of Unique Gamified Markets SparkWorld*'s on-chain prediction events will store the data of NFT launches on the public ledger, providing full transparency to every member or passer-by. Moreover, many enthusiasts and innovators in the field have noticed a curious pattern in the decentralised markets - projects that add some gamification elements to their ecosystem tend to perform better in terms of fair distribution and longer-lasting members' engagement. Therefore, like many others, the SparkWorld* team has started putting effort into gamifying its already robust prediction events-based ecosystem to increase the chances of higher engagement on its NFT launchpad. The way the SparkWorld* operation flow is structured forces the team to think about achieving an equilibrium in the number of different types of users - both members and NFT projects. For regular members, SparkWorld* will have to provide meaningful motivations through the NFT prediction launches, and for the NFT projects themselves. Whitelisting With A Peace Of Mind NFT projects that get onboarded in the SparkWorld* ecosystem will go through a due diligence process that involves a bit of team-doxing for transparency, as well as a careful infrastructure review of each project. Verification and due diligence processes can invite more centralization to a project, but in this case, it is done to ensure fairness and member equality within the ecosystem. In a modern economy, even a decentralised one, being anonymous when making a transaction or providing a service, is not very beneficial considering every internal and external party involved. After an NFT project is approved and onboarded by SparkWorld*, prediction campaigns can begin: all a member will have to do to get involved is set the prediction stake, set a few parameters, and make the prediction - depending on the prediction's accuracy, rewards get distributed. Members on such a platform will be able to enjoy a level playing field created with Fair Prediction Launches, an engaging community where rewarding events are hosted regularly, and an ecosystem that has significantly less malicious front-running bots involved - courtesy of Fair Prediction Launches as well. Conclusion With unfairness and the greed of whales decreasing across different NFT projects, there is hope for the creator economy to accelerate even further. It is quite a challenge to programmatically force members, NFT projects, and creators to be fair to each other, but when the process is gamified and made even more rewarding, there is simply no place for malicious actors. Projects have already started implementing SparkWorld* technology in their ecosystems to ensure participant equality in NFT launches, and despite the SparkWorld* Mainnet not being released just yet, interest is building by the day. Find out more about NFT launch fairness by visiting SparkWorld.io, follow the project's Twitter feed, and prepare for the upcoming release of their Mainnet! Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
2 days agocryptodaily
What Makes a DeFi Platform Credible?
Despite being around for several years, the DeFi space is still a mystery to many. New investors often wonder what makes one DeFi platform more credible than another one and what makes them credible in the first place. That’s exactly what we’re going to explain in this article. However, to help you understand how legitimacy works in the DeFi sphere, we have to look at what CeFi credibility looks like. Read on. What Makes CeFi Platforms Credible? Suppose you want to use the services of a platform based on traditional and centralized finance. What would you do to check if the service is the right choice for you? The most likely scenario is that you would check for official certification and reviews from other people, including industry professionals. So here’s a list that we all need to pay attention to when it comes to checking the credibility of a CeFi platform. Overall reputation — First of all, we need to see what other people are saying about the platform. If a bank doesn’t have a good reputation and many agree on this, we will think twice about using its services. User and professional rating — There are many sites where users can rank businesses, including various CeFi products and services. Checking their overall ranking, including rankings from industry professionals, always pays off in the end. Official certifications from official regulatory bodies — Finance is highly regulated in all countries around the globe. Audits from independent companies — You need to check if the service is audited and, thereby, trustworthy. Security and history of security breaches — Like it or not, many platforms are under cyberattacks all the time, but some of them fend off the attackers much better than others. DeFi Works a Bit Differently DeFi adds another layer of credibility and trustworthiness, which is hard-coded in the underlying structure of DeFi protocols. Most of them are based on blockchain technology, which, by itself, is already credible and trusted by people around the world. Simply put, blockchain adds a layer of security that is next to impossible to breach. Decentralized services aren’t operated by a single entity but rather by a community, which makes them even more trustworthy. But the real question is: is that enough? Even if they’re built on the blockchain, these DeFi protocols can still have some flaws that may be exploited by individuals or organizations that are part of them. Therefore, in addition to just trusting blockchain to do its part, we also need to check for other things as well. Under “other things,” we mostly mean certificates and licenses. As the DeFi space is getting recognized in jurisdictions around the globe, many committees have been created to ensure the maximum security and trustworthiness of DeFi projects. On top of that, auditing companies and organizations nowadays also specialize in checking DeFi projects, ensuring they’re not doing anything illicit. A DeFi project called Aurigami has been audited three times and has a clean record, which means it’s safe to use its services or even invest in it. That’s especially relevant for platforms such as Aurigami, which is an online crypto protocol for lending, borrowing, and earning interest. Decentralized protocols are created to be community-operated, and that’s why we also cannot exclude the aspect of people reviewing DeFi protocols. Therefore, it’s always a good idea to check what other people are saying about the DeFi service you want to start using. Final Thoughts: DeFi Platforms Will Always Have an Additional Layer of Credibility The DeFi space is expanding rapidly, and millions of people are already using many DeFi protocols, as they consider them more useful and, after all, more credible. Whenever we want to check the credibility of a DeFi service, we need to pay attention to all aspects that we would usually check in a platform based on traditional finance, including audits, security, certificates, and more. If all of these boxes are checked, we can always enjoy the additional layer added by the distributed ledger technology, which makes DeFi protocols even more credible and secure. After all, that’s one of the primary reasons why an increasing number of people are turning away from centralized and towards decentralized finance. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
2 days agocointelegraph
Web2 adoption key to Metaverse success, Klaytn Foundation founder — KBW 2022
“Even though it's hard, adapting Web3 technologies to Web2 platforms could be a way to bring mass adoption,” says Klaytn Foundation director Sam Seo.
2 days agozycrypto
Cardano Price Eyes 30% Rally As ADA Accumulation Accelerates Among Whales and Sharks
Most recently, an accumulation trend witnessed amongst ADA addresses puts the asset on a podium for a significant takeoff should it survive the days ahead.
4 days agocoindesk
Why Bit Digital Is Expanding Into Canada
Bit Digital Chief Strategy Officer Samir Tabar joined CoinDesk TV’s “All About Bitcoin,” to discuss the mining company’s bid to increase hosting capacity in Canada.
4 days agocointelegraph
Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have bounced off their strong support levels and may challenge the overhead resistance in an attempt to resume the up-move.
4 days agocryptodaily
BTC/USD Weakness Around 23444: Sally Ho's Technical Analysis 6 August 2022 BTC
Bitcoin (BTC/USD) encountered additional selling pressure early in the Asian session as the pair weakened to the 22392.88 level after encountering additional technical resistance around the 23650.96 area, with the intraday low representing a test of the 76.4% retracement of the appreciating range from 18892 to 33754.37. Stops were elected below the 22698.51 area, representing the 50% retracement of the appreciating range from 20723.01 to 24674.01. The 23741.57 area represents another technically significant area in this appreciating range. BTC/USD has been on the defensive since the beginning of August following July’s 15.3% gain and a 66.7% pullback through the end of July. The recent move higher to the 24666 area was a test of the 24558.33 level, representing the 50% retracement of the depreciating range from 31549.21 to 17567.45. Additional upside retracement levels in this depreciating range include the 26208, 28249, and 28557 areas. Additional upside price objectives and areas of potential selling pressures include the 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 areas. Below recent price activity, possible technical support and areas of buying pressure include the, 22582, 22141, 21596, 20446, 19852, and 19762 levels. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 22392.40 and the50-bar MA(Hourly) at 23025.48. Technical Supportis expected around16990.14/ 14500.15/ 10432.73 withStopsexpected below. Technical Resistanceis expected around25256.96/ 27455.20/ 32383.96 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

About Cardano

The live price of Cardano (ADA) today is 0.510712 USD, and with the current circulating supply of Cardano at 33,739,028,515.76 ADA, its market capitalization stands at 17,230,921,670 USD. In the last 24 hours ADA price has moved -0.007732 USD or -0.01% while 274,984,740 USD worth of ADA has been traded on various exchanges. The current valuation of ADA puts it at #8 in cryptocurrency rankings based on market capitalization.

Learn more about the Cardano blockchain network and how it works or follow the price of its native cryptocurrency ADA and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in 2107 by Charles Hoskinson, one of Ethereum’s co-founders, ADA is the native coin of Cardano, a decentralized proof-of-stake (PoS) blockchain platform. The token is named after Ada Lovelace, a 19th-century mathematician and computer programmer. Cardano’s development is collectively supervised and overseen by Emurgo, IOG (Input Output Global) and the Swiss-based Cardano Foundation.

Cardano dubs itself as the third-generation blockchain which aims to solve the scalability and inefficiency issues of its proof-of-work predecessors, namely – BTC and ETH – in an eco-friendly way. It facilitates easy creation, deployment and running of smart contracts and DApps, thereby directly rivaling Ethereum. Cardano network is positioned towards "changemakers, innovators and visionaries" in the Web3.0 space.

However, the project is not without its detractors and is often criticized for its slow pace of development and an overly academic approach.

While the ADA cryptocurrency can be actively used for secure exchange of value without any third-party mediation, each ADA holder receives a stake in the Cardano network too and can participate in its governance. Holders can also delegate or pledge their ADA coins to a staking pool and earn rewards. The coin is also actively used to pay transaction fees on the Cardano network.

ADA price

ADA price remained in the vicinity of $0.02 post its launch in September 2017. This was the time when the crypto market was gearing up for a major bull run. The timing proved just right for ADA coin, and it rallied on to hit an all-time high of around $1.3 on Jan. 4, 2018. 

However, a gradual downtrend followed soon after, which spiraled into a market-wide bearish phase by mid-2018. This bearish trend continued for almost two years, with ADA price staying under $0.10 for the most part and even trading below $0.02 during the March 2020 market crash. 

According to our ADA live chart, the coin started to show some signs of revival only around July 2020 and breached the $0.15 resistance after a long time on July 26. This price resurgence occurred shortly after Cardano blockchain’s second development phase ‘Shelley’ went live in June 2020.

Thereafter, the ADA price chart mostly moved sideways up until late 2020, gathering momentum around January 2021. Buoyed up by a crypto market boom, ADA coin closed in on $2.5 for the first time on May. 16, 2021. The excitement was short-lived, however, and it began testing the newly-formed $1 support level in the months that followed.

Cardano’s third development stage ‘Goguen’ was announced in August 2021, and was scheduled to launch through the Alonzo hard-fork in September 2021. This stage was meant to introduce smart contracts functionality on the Cardano blockchain. The news caused a significant surge in ADA price once again, catapulting it to an ATH of $3.1 on Sept. 2, 2021. ADA’s fully diluted valuation stood at well over $135 billion that day. After that the coin lost a fair bit of ground and continued to trade around $1 during Q1, 2022.

How ADA works

ADA’s blockchain features two different layers, each responsible for different tasks, so as to improve its overall efficiency. These are:

Cardano Settlement Layer (CSL) - which facilitates the settlement of ADA transactions, and the Cardano Computational Layer (CCL) - used for the execution of smart contracts.

Cardano employs an "environmentally sustainable, verifiably secure" proof-of-stake consensus protocol called Ourobros. Ouroboros has a time-period system referred to as ‘epochs’ for verifying transactions and creation of new blocks. Each epoch lasts 5 days and comprises 21,600 units of 20-second time frames called ‘slots’. A different stake pool is randomly picked up as the ‘slot leader’ for each slot, and is tasked with the block creation activity for that timeframe.

Given their differences, PoS blockchains consume negligible energy as compared to their PoW counterparts. In February 2021, Charles Hoskinson estimated that Cardano blockchain uses 6GWh of power per year, which is less than 0.01% of Bitcoin network’s 110.53 TWh consumption.

ADA news, updates and highlights

The Cardano team follows a clearly laid out roadmap for the protocol’s continuous development, which is collectively overseen by three different entities – IOG (Input Output Global), Cardano Foundation and Emurgo.

In September 2021, Cardano launched a significant upgrade via the Alonzo hard fork and introduced smart contracts as part of its third, "Goguen" stage. 

Thereafter, in February 2022, Cardano achieved a noteworthy adoption milestone as the number of ADA wallets crossed the 3 million mark. This was a major improvement from around 190,000 wallets recorded in December 2020. 

In other ADA news, the blockchain platform announced in March 2022 that its much-anticipated Vasil hard fork will be implemented in June 2022. This Cardano update is expected to help the network further enhance its transaction throughput by increasing the block size.

Frequently asked questions about ADA

  • Can you mine or stake ADA?

While it's not possible to mine ADA, you can stake it to earn handsome rewards. This can be done by either delegating or pledging your ADA to a stake pool.

  • What are some of the best ADA wallets?

Cardano recommends its native Daedalus or Yoroi desktop wallets for ADA storage. Some other popular ADA wallets include Ledger Nano X, Trezor Model T and the Exodus Wallet. 

  • What can you do with ADA?

You can use ADA to pay for transactions on the Cardano network and/or trade it with other cryptocurrencies on exchange platforms. Alternatively, you may also stake your ADA coins to earn staking rewards.

  • How to buy ADA?

You can buy ADA on almost any well-known cryptocurrency exchange, using crypto or fiat currencies. 

Cardano Price0.510712 USD
Market Rank#8
Market Cap17,230,921,670 USD
24h Volume284,101,140 USD
Circulating Supply33,739,028,515.76 ADA
Max Supply45,000,000,000 ADA
Yesterday's Market Cap17,558,786,000 USD
Yesterday's Open / Close0.525171 USD / 0.517439 USD
Yesterday's High / Low0.541032 USD / 0.515767 USD
Yesterday's Change
-0.01% ( 0.007732 USD )
Yesterday's Volume274,984,740 USD
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