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news-imageDecember 19, 2024

Cardano's ADA Plunges Under $1, But Whales Are Still All In

Cardano (ADA), the ninth largest cryptocurrency by market cap, has dipped below the $1 mark amid a broad market sell-off, which triggered $788 million in liquidations across various crypto assets in the last 24 hours. However, on-chain data suggests that whales may be seizing the opportunity to accumulate.
Publisher: UToday
Sentiment: Negative
ADA

More News Articles

Negative
cover-imageCryptoGlobe
December 19, 2024

Why is Cardano (ADA) Down Today?

The cryptocurrency market has endured a significant downturn that wiped around $300 billion from its total market capitalization amid a wider sell-off in risk assets after the Federal Reserve cut interest rates by 25 basis points and signaled a more hawkish stance.

Positive
cover-imageThe Cryptonomist
December 18, 2024

Cardano Foundation: the role in the governance of the blockchain

The Cardano Foundation is facing a crucial phase for the consolidation of governance within its ecosystem. Recently, the organization reiterated its commitment to decentralized and transparent management, highlighting the importance of active community participation for the sustainable growth of the platform.

Neutral
cover-imageCryptoSlate
December 18, 2024

Charles Hoskinson urges Cardano Foundation to relocate from Switzerland for community-driven governance

Charles Hoskinson, the founder of Cardano, has called for the Cardano Foundation to relocate to a jurisdiction that allows its users to elect board members. He raised this issue in a Dec. 18 post on social media platform X while encouraging the Cardano community to question the Foundation about its board structure and decision-making processes.

Negative
cover-imageThe Currency Analytics
December 18, 2024

Cardano Price Dips Amid Bearish Sentiment, But Whale Activity Soars

Cardano (ADA), a leading blockchain platform, has recently experienced a slight dip in price, with the token falling by 2.04% to $1.06. Despite this decline, the network is still witnessing significant whale activity, indicating potential for future growth, even as bearish sentiment takes hold.

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