The impressive 816% gain of Cardano's ADA coin in 2021 catapulted the smart contract platform's market capitalization to $61 billion. To fully grasp how far this third-generation protocol has gone, the absolute leader, Ether (ETH), held the same valuation just six months ago. As AD's price evolves, so do its derivatives markets, and the nearly $1 billion in futures open interest poses both an opportunity and a threat for the price. Cautious investors will now question whether the $200 billion in potential liquidations are around the corner, drawing similarities to the 23% crash that occurred on April 17. DeFi is …

After months of touting the benefits of Bitcoin (BTC) and blockchain technology, Tesla CEO Elon Musk shocked Crypto Twitter on Wednesday by announcing that the electric car company would suspend its accepting BTC as a form of payment, citing concerns related to the energy required to mine the top cryptocurrency. As Tesla issued its statement, Bitcoin, Ether (ETH) and a large segment of altcoins sold off sharply, but there were a few projects that found clever ways to capitalize off the mayhem by tweeting about the “green” nature of their networks, which require only a tiny fraction of the energy …

Cardano's ADA token, the fourth-largest cryptocurrency by market capitalization, hit new all-time highs on May 13 as bulls refused to follow the broad market downtrend. ADA wows weary traders Data from Cointelegraph Markets Pro and TradingView confirmed new record highs for ADA/USD on May 13, with the pair touching $1.96. The move is impressive and brings Cardano within inches of the psychologically significant $2 landmark. The altcoin had followed many other large-cap cryptocurrencies higher in previous weeks, but May 13 showed a surprising resilience to volatility, as most tokens fell in line with a reversal in Bitcoin (BTC). With ADA/USD …

Traders valued Internet Computer (ICP) at $630 in its debut on Coinbase on Monday. On Binance, however, the dollar bids for the token surged to as high as $3,093 as of Tuesday. Meanwhile, HitBTC reported ICP at a peak of roughly $407. The huge price differences across multiple cryptocurrency exchanges showed a berserk trading sentiment in the Internet Computer market, landing ICP in the list of top 10 cryptocurrencies by market capitalization, surpassing even veterans such as XRP, Dogecoin (DOGE) and Cardano (ADA), and reaching as high as the fourth spot. Major price corrections followed on profit-taking sentiment. Entering the …

Bull market cycles in the cryptocurrency market can be exhilarating for day traders and long-term investors alike, but the speed at which the prices move can make it a challenge for promising new projects that are looking to catch the momentum before the cycle plays itself out. This reality has led to some projects listed on exchanges in the form of token IOUs so that interested parties can get in on the trading action before the token is officially released. Polkadot (DOT) is one of the most well-known examples of a token that went through this process. Casper (CSPR), a …

Since the summer of 2020, decentralized exchanges (DEX) have been all the rage and in 2021 developers and investors continue to flock to the sector due to the ease of listing and buying into new projects. While the method has proved fruitful for many projects, the price performance for iExec RLC (RLC), a blockchain-based decentralized cloud computing network that recently listed on several centralized exchanges, shows that CEX listings still carry the most weight when it comes to initiating price movements. Data from Cointelegraph Markets Pro and TradingView shows that the price of RLC has surged 430% to $16.50 since …

Cardano’s ADA cryptocurrency surged on Sunday, bringing the smart contract platform back into elite territory in terms of market capitalization rankings. ADA charted 14% growth to reach $1.83 on major exchanges, marking a new all-time high. It was last seen hovering just below $1.80, having gained 14% on the day, 31% on the week and over 47% in the past month. At current values, Cardano has a market cap of $57.8 billion, flipping Tether (USDT) for sixth spot on the market leaderboard, according to Coingecko. Cardano's market ranking could be seen as high as fifth on CoinMarketCap. ADA was also …

As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis. One of the top DEX aggregators that has recently seen its price reach a new record high is 1INCH, a protocol that offers “access to the most liquidity, lowest slippage and best exchange rates across Ethereum and Binance Smart Chain” according to the projet’s website. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a …

After rallying 1.510% in 2021, QTUM price hit a $35.70 all-time high on May 7. This relatively obscure altcoin launched in September 2017 is a fork of the Bitcoin Core 0.13 version, but it also integrates the Ethereum virtual machine (EVM) and smart contract execution capability. Following Bitcoin's (BTC) April 23 crash down to $47,500, QTUM faced a 52% correction in 4 days before bottoming at $10. However, the situation for the altcoin improved on May 5 as QTUM initiated a 160% rally in two days, reaching the $35.70 peak. Qtum combines Bitcoin's transaction model with Ethereum smart contracts The …

ADA, the native token of the Cardano smart contract platform, has joined the altcoins hitting new all-time highs this week. Cardano underscores "alt season 2.0" appetite Data from Cointelegraph Markets Pro and TradingView shows ADA/USD hitting over $1.70 for the first time on May 7. In a move that an increasing number of large-cap altcoins are seeking to copy, ADA gained impressively during the past few days, going from below $1.30 to the highs as sell walls disappeared. Now, analysts are eyeing short-term targets of $5 as Bitcoin (BTC) continues to range, giving fuel to an already lively altcoin scene. …

The “original” yet ironically "wrong" Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun. Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300% in a week. ETC hits $180: Bull market or "casino market"? In the latest incarnation of the 2021 “alt season,” altcoins are passing the torch between each other as investors chase optimal gains. This year has also seen a curious shift in market focus from a token’s use case to the culture around it. This was epitomized …

The cryptocurrency market provides investors with another day of 'altseason' as the majority of altcoins in the top 100 on CoinMarketCap rallied today. Several large-cap tokens reached multi-year highs and this all took place as Bitcoin (BTC) price struggles to hold any of the news-event-driven gains that it has accrued throughout the week. One of the most notable performances has been put on by Ethereum Classic (ETC), the “unaltered” Ethereum (ETH) fork that has been gaining traction over the past week as its dedication to a proof-of-work consensus mechanism attracts the attention of miners and retail 'Robinhood' investors. Data from …