Crypto daily news logo
  • Home
  • Cryptocurrency
    • Analytics
    • Bitcoin
    • Ethereum
    • Alt coins
  • Others
    • Regulation
    • Blockchain
    • Guide
    • Mining
  • Security
No Result
View All Result
  • Home
  • Cryptocurrency
    • Analytics
    • Bitcoin
    • Ethereum
    • Alt coins
  • Others
    • Regulation
    • Blockchain
    • Guide
    • Mining
  • Security
No Result
View All Result
Crypto News
No Result
View All Result
Home Cryptocurrency Alt coins

The crypto community predicted the growth of the price of Cardano above $ 1

Admin by Admin
02.06.2022
in Alt coins, Cryptocurrency
17 1
0

Reading time: ~2 m


What happened? The price of the Cardano blockchain token (ADA) may exceed $ 1 by the end of June. The growth of value may be affected by the holding of a hard fork Vasil, which will bring significant improvements to the work of the blockchain. The forecasts are based on the results of a CoinMarketCap survey conducted among representatives of the crypto community.

Information on the CoinMarketCap website

What are the results of the survey? 24,600 survey participants voted that the price of ADA would reach $1.06 by the end of June, and 16,000 people believed the value of the asset would fall to $0.97 by the end of July. At the same time, both options imply a significant increase in price. As of June 2, 11:20 GMT, 1 ADA costs $ 0.577, a weekly increase of 13.79% (according to Binance). The last time the cost of ADA rose above $ 1 in April 2022.

The community’s predictions are based on expectations from the Vasil Hard Fork Combinator (HFC) hard fork. It provides performance improvements by significantly increasing throughput and reducing block latency. Ouroboros’ Verifiable Random Function (VRF) will also be optimized. The VRF processes the cryptographic input and produces random output.

What is known about Cardano? It is a blockchain platform created by Input Output Hong Kong (IOHK) and Ethereum network co-founder Charles Hoskinson in 2017. Cardano supports smart contracts, and also has a native ADA token, which allows users to participate in the work of the network.

What events have happened before? On May 31, the ADA rate rose by 30% per day. The token ranked sixth in the ranking of cryptocurrencies with a market capitalization of $ 22.2 billion, ahead of Ripple (XRP) in this indicator.

In mid-April, the number of large holders of the ADA token reached a 2-year high. Large investors, whose wallet balance is at least 10 million ADA, owned 46.6% of the total number of tokens.


#crypto #community #predicted #growth #price #Cardano

Related articles

The expert said about the dominance of Ethereum in the industry

The expert said about the dominance of Ethereum in the industry

26.06.2022
The largest holder of BTC increased investments in cryptocurrency to $ 2.75 billion

The largest holder of BTC increased investments in cryptocurrency to $ 2.75 billion

26.06.2022
Bitcoin above 21,000

Bitcoin above 21,000

26.06.2022
ETH-kit transactions hit 4-month high amid recession

Within a week, crypto kit bought Polygon (MATIC), which grew by 60%

26.06.2022
Tags: Cardanocommunitycryptogrowthpredictedprice
Share24Tweet15
  • Trending
  • Comments
  • Latest
Grayscale purchased ADA ahead of the Vasil hard fork

Grayscale purchased ADA ahead of the Vasil hard fork

09.06.2022
Decentralized Pictures announced the launch of a blockchain app for film financing

Decentralized Pictures announced the launch of a blockchain app for film financing

17.05.2022
First court ruling in the U.S. on the use of cryptocurrencies to circumvent sanctions

First court ruling in the U.S. on the use of cryptocurrencies to circumvent sanctions

17.05.2022
Mining firm Greenidge Generation increased quarterly revenue by 240%

Mining firm Greenidge Generation increased quarterly revenue by 240%

17.05.2022
The DeFi market suffered because of the collapse of Terra

The DeFi market suffered because of the collapse of Terra

Fed meeting is a negative factor for Bitcoin growth

Fed meeting is a negative factor for Bitcoin growth

Bitcoin strengthens as global stock market improves

Bitcoin strengthens as global stock market improves

Game company Square Enix will make blockchain and Play-to-Earn its business model

Game company Square Enix will make blockchain and Play-to-Earn its business model

51% of Latin Americans have made transactions with cryptocurrency

51% of Latin Americans have made transactions with cryptocurrency

26.06.2022
SkyBridge Director’s Predictions

SkyBridge Director’s Predictions

26.06.2022
Yuga Labs filed a lawsuit against the creator of “fake” BAYC tokens

Yuga Labs filed a lawsuit against the creator of “fake” BAYC tokens

26.06.2022
Short positions at record levels

Short positions at record levels

26.06.2022

Метки

altcoins Analyst assets Bank billion Binance Bitcoin bitcoins blockchain BTC called collapse crypto cryptocurrencies Cryptocurrency DeFi Digital ETH Ethereum fall fell growth increased investors June launch Luna market million miners Mining network NFT platform price rate regulation support Terra token tokens Top UST week XRP

Newsletter

No Result
View All Result
  • Home
  • Cryptocurrency
    • Analytics
    • Bitcoin
    • Ethereum
    • Alt coins
  • Others
    • Regulation
    • Blockchain
    • Guide
    • Mining
  • Security

© 2022 Crypto News Daily

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Privacy Overview
Crypto News

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!

Cookie Policy

More information about our Cookie Policy

Powered by crypto-daily.news  GDPR Cookie Compliance