• Latest
  • Trending
Volume Of ADA Staked On Cardano Network Reaches Record High

Volume Of ADA Staked On Cardano Network Reaches Record High

October 30, 2021
Pro-Ripple Lawyer Slams Jim Cramer’s Faulty Bitcoin Advice as BTC Surges 36%

Pro-Ripple Lawyer Slams Jim Cramer’s Faulty Bitcoin Advice as BTC Surges 36%

March 18, 2023
Metacade (MCADE)’s Price Explodes As Ripple (XRP) Price Predictions Falter

Monero’s XMR Price Falters As Governments Around The World Regulate Crypto. Metacade’s Presale Remains Unaffected.

March 18, 2023
U.S. Banking Collapse Doesn’t Necessarily Make Crypto Trustworthy

U.S. Banking Collapse Doesn’t Necessarily Make Crypto Trustworthy

March 18, 2023
Bitcoin slips below $20k while crypto market cap drops over 6% | by Crypto Beat | The Capital Platform | Mar, 2023

Bitcoin slips below $20k while crypto market cap drops over 6% | by Crypto Beat | The Capital Platform | Mar, 2023

March 18, 2023
Euler Finance hacker starts returning stolen Ether

Euler Finance hacker starts returning stolen Ether

March 18, 2023
Rasta Beach Club NFT Collection: Generative Art PFP Collection on Ethereum Blockchain

Rasta Beach Club NFT Collection: Generative Art PFP Collection on Ethereum Blockchain

March 18, 2023
Bitcoin (BTC) Price Analysis for March 17

Bitcoin (BTC) Price Analysis for March 17

March 18, 2023
Cardano Blockchain Releases Update to Enhance Network Communication

Cardano Blockchain Releases Update to Enhance Network Communication

March 18, 2023
More 186 US banks well-positioned for collapse, SVB analysis reveals

More 186 US banks well-positioned for collapse, SVB analysis reveals

March 18, 2023
  • Privacy Policy
Saturday, March 18, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

Volume Of ADA Staked On Cardano Network Reaches Record High

J_News by J_News
October 30, 2021
in Crypto, Top News
0
Volume Of ADA Staked On Cardano Network Reaches Record High
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


Cardano holds bragging rights for the network with the highest proportion of its circulating supply staked and it has not let go of this title. Cardano’s community is home to investors who are investing for the long term rather than trying to take short-term profits from the market. This means that most investors have their coins staked on the platform to serve as validators on its proof of stake mechanism.

The blockchain has grown in popularity since it announced smart contracts capability in September. Since then, various partnerships and initiatives focused on increasing usability on the network have been announced. This move seems to have paid off as Cardano saw a record number of total circulating supply hit an all-time high this week.

Total ADA Staked Hits 73% Of Supply

Cardano saw the total ADA staked on its network hit a high of 73.15% on Thursday, an impressive number compared to the number of coins staked on its direct competitors. At this point, the network had a total of 23.9 billion ADA staked across 921,323 delegators. The total circulating supply of ADA is only 33.26 billion coins, meaning that only less than 10 billion are not staked.

Related Reading | New Ethereum-to-Cardano Bridge Will Provide NFT Creators Eco-friendly Options

This represents the growing confidence in the future of the project, which some in the space have claimed to be the blockchain of the future. An interesting fact behind Cardano’s staking network is that the coins are not locked in place. Unlike Ethereum, ADA holders are still able to transfer out their staked coins if they wish to sell. However, a large proportion of its community has chosen to stake, speaking volumes to the faith of its holders in the project.

Cardano Performance In The Market

Despite its impressive new partnerships and projects, Cardano has not fared too well in the crypto market. The altcoin has not followed the rising trend of bitcoin in the past weeks, which has left ADA struggling to maintain its value above the $2 level. Short-term forecasts for ADA are also generally bearish given the lagging momentum of the digital asset.

Related articles

Pro-Ripple Lawyer Slams Jim Cramer’s Faulty Bitcoin Advice as BTC Surges 36%

Pro-Ripple Lawyer Slams Jim Cramer’s Faulty Bitcoin Advice as BTC Surges 36%

March 18, 2023
Metacade (MCADE)’s Price Explodes As Ripple (XRP) Price Predictions Falter

Monero’s XMR Price Falters As Governments Around The World Regulate Crypto. Metacade’s Presale Remains Unaffected.

March 18, 2023
ADA price struggles to hold $2.02 | Source: ADAUSD on TradingView.com

ADA has greatly fluctuated in recent times and Wednesday saw the altcoin crash below $2 for the first time in over a month. The price of the digital asset had promptly recovered after the crash. However, the damage had already been done. ADA’s loss of steam over the past few weeks became even more evident as the price struggled to hold above $2.01.

Related Reading | Cardano, Solana Lead Altcoins As Market Sees Record Inflows

Forecasts remain bleak for the asset, especially now. Since it has so far not rallied with the rest of the market alongside bitcoin, Cardano’s price could very well see a retest of $1.7 before this cycle is over.

At the time of writing, the price of the digital asset is trading at $2.02 after posting a small recovery from its dip below $2. Cardano sits at 5th place on the crypto top 10 with a market of $67 billion.

Featured image from Bitcoin News, chart from TradingView.com



Source link

ShareTweetShareShare
Previous Post

Shiba Inu now accepted as payment at a French bistro in Paris

Next Post

Inflation or Deflation? Jack Dorsey, Cathie Wood, Elon Musk, Jeff Booth Debate!

Related Posts

Pro-Ripple Lawyer Slams Jim Cramer’s Faulty Bitcoin Advice as BTC Surges 36%

Pro-Ripple Lawyer Slams Jim Cramer’s Faulty Bitcoin Advice as BTC Surges 36%

by J_News
March 18, 2023
0

In a recent tweet, pro-Ripple lawyer and founder of CryptoLaw John Deaton took a subtle jab at Mad Money host Jim...

Metacade (MCADE)’s Price Explodes As Ripple (XRP) Price Predictions Falter

Monero’s XMR Price Falters As Governments Around The World Regulate Crypto. Metacade’s Presale Remains Unaffected.

by J_News
March 18, 2023
0

As cryptocurrency regulations continue to threaten the future of Web3, many investors are seeking the most secure cryptos to invest...

U.S. Banking Collapse Doesn’t Necessarily Make Crypto Trustworthy

U.S. Banking Collapse Doesn’t Necessarily Make Crypto Trustworthy

by J_News
March 18, 2023
0

But, of course, that is not a deus ex machina of crypto, which would seem to be in philosophical tension...

Bitcoin slips below $20k while crypto market cap drops over 6% | by Crypto Beat | The Capital Platform | Mar, 2023

Bitcoin slips below $20k while crypto market cap drops over 6% | by Crypto Beat | The Capital Platform | Mar, 2023

by J_News
March 18, 2023
0

The crypto market has been facing downward pressure over the past few months, with the market capitalization dropping over 6%.Photo...

Euler Finance hacker starts returning stolen Ether

Euler Finance hacker starts returning stolen Ether

by J_News
March 18, 2023
0

The recent attack that drained $197 million from Euler Finance was dubbed the biggest decentralized finance (DeFi) hack of 2023...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

The 7 Best New ICOs To Buy in 2023

New York Attorney General sues CoinEx over failure to register

The Economic Crisis of 2023. The Cause and the Effects | by Opal A Roszell | The Capital | Nov, 2021

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT