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CARDANO price, news and Forecast (ADA US DOLLAR)

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Editors' picks

Shiba Inu eyes positive returns in April as SHIB price inches towards $0.000015

Shiba Inu eyes positive returns in April as SHIB price inches towards $0.000015

Shiba Inu's on-chain metrics reveal robust adoption, as addresses with balances surge to 1.4 million. Shiba Inu's returns stand at a solid 14.4% so far in April, poised to snap a three-month bearish trend from earlier this year. 

AI tokens TAO, FET, AI16Z surge despite NVIDIA excluding crypto-related projects from its Inception program

AI tokens TAO, FET, AI16Z surge despite NVIDIA excluding crypto-related projects from its Inception program

AI tokens, including Bittensor and Artificial Superintelligence Alliance, climbed this week, with ai16z still extending gains at the time of writing on Friday. The uptick in prices of AI tokens reflects a broader bullish sentiment across the cryptocurrency market. 

Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge 

Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge 

Bitcoin price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week. This week’s rally was supported by strong institutional demand, as US spot ETFs recorded a total inflow of $2.68 billion until Thursday.

XRP price could renew 25% breakout bid on surging institutional and retail adoption

XRP price could renew 25% breakout bid on surging institutional and retail adoption

Ripple price consolidates, trading at $2.18 at the time of writing on Friday, following mid-week gains to $2.30. The rejection from this weekly high led to the price of XRP dropping to the previous day’s low at $2.11, followed by a minor reversal.

Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge 

Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge 

Bitcoin (BTC) price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week.

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WHAT IS CARDANO?

According to the Cardano Foundation, Cardano’s native token, ADA, is a digital currency. Any user, located anywhere in the world, can use ADA as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain. Learn more in our Cardano Guide.

Every ADA holder also holds a stake in the Cardano network. ADA stored in a wallet can be delegated to a stake pool to earn rewards – to participate in the successful running of the network – or pledged to a stake pool to increase the pool's likelihood of receiving rewards. In time, ADA will also be usable for a variety of applications and services running on the Cardano protocol.

Characteristics of Cardano

Cardano was created as an alternative to Ethereum, with the mission of creating a platform that can process more transactions at a low cost.

  • It is the first peer-reviewed decentralized blockchain protocol that uses a scientific approach.
  • Cardano blockchain allows users to build smart contracts, create decentralized applications and protocols, and instantly send and receive funds with minimal fees.
  • ADA holders use their coins to vote for changes or improvements on the protocol, taking part in its development.

Differences between Bitcoin and Cardano

  • Cardano combines Ethereum and Bitcoin features. It also has other features inherent to third-generation blockchains.
  • ADA approach is unique based on peer-reviewed scientific evidence to ensure its security.
  • As a smart contract platform, Cardano provides safety and scalability through its unique two-layered architecture.