Cardano (ADA) Price Latest Update Today (5/31): The price of Cardano (ADA) crypto token jumped by over 30 percent from $0.5167 to $0.6744 between 2.44 pm on Monday and 11 am on Tuesday. At the time of writing, Cardano was trading at $6474, 24.32 percent higher compared to its price 24 hours earlier, according to data on CoinMarketCap.

Charles Hoskinson, Co-Founder and CEO at Input Output Global (“IOG), the blockchain technology firm responsible for the development of Cardano ($ADA), has recently commented on what would happen if U.S. regulators were to consider $ADA a security.

ADA price is recovering after hovering around $0.25 for one month. The Cardano’s native token has fired up with a nearly 30% price surge since the advent of the New Year.

ADA staking pool owner DIGI and Cardano enthusiast Rick McCracken has discovered an interesting find on Cardano-based stablecoin Djed. According to the information listed there, Djed, which has launched on the test network to date, is now worth $1.019. Read more on U.Today https://u.today/cardanos-djed-stablecoin-launch-in-mainnet-is-near-ada-contributor-assumes

What Happened: The “Kiss” frontman revealed on Twitter on Thursday that he had purchased $300,000 worth of ADA because he believes “it’s going up.”

Renowned photographer and NFT enthusiast Jason Mathias has shared the amazing story of creating the "A Memory of Light" collection, which subsequently sold for 90,000 ADA.

A decentralized finance (DeFi) stablecoin project is gearing up for its debut on the Cardano (ADA) blockchain early next year.

The development team behind Cardano is working on the next Daedalus update. Cardano ecosystem’s new partnerships are likely to boost the utility for ADA.

The faces behind Cardano (ADA) and XRP got into a fight recently, even though they are projects with different fundamentals. But why did this happen? After all, both altcoins have dissimilar value propositions.

The 2022 bear market has brought major headaches to cryptocurrency holders. Cardano (ADA) has experienced a 78% drop in the last 12 months. But 2023 could be a turning point for the altcoin.

During a Sunday conversation on Twitter Spaces, Hoskinson commented that it is probably a good thing that Cardano has not been listed on Gemini. "We are still not listed on Gemini. Turns out that's probably a good thing cause FTX didn't list us either," he said.

After a long three year wait, the Cardano development team finally launched the Shelley network following a successful hard fork from the Byron mainnet. The upgrade includes several new features, including new staking pools and a new user=delegation platform, starting Cardano’s journey to full network decentralization.

An excited Charles Hoskinson has officially confirmed the beginning of the Shelley era. This comes after five years of hard work following the launch of Byron. Shelley marks Cardano’s decentralization. Its launch was a fully managed and meticulously executed hard fork with thorough checks for a smooth, hitch-free transition. And it happened on July 29, 2020, at exactly 21:44:51 UTC facilitated by IOHK’s hard fork Combinator.

After a strong decline, cardano price found support above the $0.0850 level against the US Dollar. The ADA/USD pair formed a support base and recently started a decent increase above the $0.0900 level.

Djed, a first-ever algorithmic stablecoin on Cardano (ADA) proof-of-stake (PoS) blockchain, is now available for testing with enhanced functionality. Its mainnet is expected to be rolled out in January 2023.

Charles Hoskinson, the co-founder of Cardano and blockchain engineering company Input Output Global believes Dogecoin and Solana could theoretically become ADA sidechains, sharing in many of the benefits enjoyed by the Cardano network. Cardano price, meanwhile, is in a multi-month downtrend and is currently testing resistance at the 50-day Exponential Moving Average (EMA).

CNFT sales soar 33% after Cardano founder takes photo with Snoop Dogg at afterparty

With the devastating developments in the cryptocurrency market still fresh in the community’s memory, every minor incident seems to raise a higher-than-usual level of concern, including the recent issue on the Cardano (ADA) network, warranting its founder Charles Hoskinson to explain what really happened.

Crypto asset management firm CoinShares says that institutional investors are taking an interest in Cardano (ADA) as the broader crypto markets show signs of recovery.

Cryptocurrencies are writhing under a strong bearish sentiment over the last couple of months. Cardano (ADA) appears to be one of the hardest hits of the lot with the project’s founder stating that “no announcement makes a difference”.