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Cardano was founded in 2017 and was named after the Italian polymath Gerolamo Cardano . Cardano ’s founder Charles Hoskinson, announced the introduction of the Alonzo hard fork in August 2021, causing a jump in the price of  Cardano , which climbed by 116% the next month. Just like Ethereum’s merge, the Vasil hard fork launch is one of the most anticipated upgrades by the team. Even though the upgrade faced some hindrances throughout the journey, it is set to happen very soon. Also read: How to Stake BNB? Source: NewsBTC Cardano in a nutshell With a focus on scientific research, peer-reviewed protocols, and a layered design, Cardano stands apart from the competition. It is based on the proof-of-stake (PoS) consensus mechanism known as Ouroboros, which enables holders of Cardano’s native cryptocurrency, ADA, to stake their coins to support network security and earn rewards. The governance model used by the Cardano platform is likewise distinct, with the goal of creating a ...

ADA price Prediction: On April 13th, the Cardano coin price gave a massive breakout from the resistance trendline of an inverted head and shoulder pattern. This breakout was supposed to accelerate the buying pressure for a  further rally but amid the recent sell-off in the crypto market, the buyers couldn’t sustain above the breached trendline. Thus, the coin price plunge below the trendline and $0.4 has created a bull trap scenario which could force liquidation of the hasty buyers with a narrow stop loss and bring more selling orders into the market. advertisement Key Points:  A V-top reversal in Cardano price reflects aggressive selling among market participants. To absorb the rising buying the ADA price may pullback to $0.4 before the correction phase continues The intraday trading volume in the ADA coin is $250.5 Million, indicating a 25% loss Source- Tradingview The Cardano price has witnessed significant correction since la...