Cardano (ADA) is making headlines with its latest advancements toward decentralized governance.
Input Output Global (IOG), the blockchain’s development firm, has confirmed support for the Plomin hard fork, a crucial upgrade set to activate on January 18, 2025. This milestone marks significant progress, with over 85% of stake pools already aligned with the required updates and readiness verified through independent assessments.
Amid a recovering crypto market, ADA has regained momentum, trading at $1.15 after a notable 20% increase in the past week. Analysts like Ali Martinez predict a potential surge to $6, drawing parallels to ADA’s 2020 bull run. Such a move would represent a staggering 400% gain, sparking optimism among investors.
Cardano’s DeFi ecosystem is also thriving, with total value locked (TVL) rising 25% this year to $538 million. Institutional interest is growing, as whale transactions over $100,000 have surged, indicating increased confidence.
Speculation about founder Charles Hoskinson’s involvement in President-elect Donald Trump’s potential crypto advisory council has further fueled excitement, positioning Cardano as a key player in the evolving blockchain landscape.
Cryptocurrency exchanges that introduce altcoins may find themselves trapped in an endless cycle of listing speculative tokens, particularly memecoins, warns Alex Leishman, CEO of River Financial.
Pi Coin has experienced a dramatic decline in value, shedding around 70% from its peak price.
A significant loss has been recorded by an Ethereum whale, as revealed by on-chain data shared by The Data Nerd.
The downturn in the digital currency market has finally caught up with Pepe Coin, as recent activity from one of its major whales reveals a large selloff, casting a further shadow on the token’s future.