NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

ADA Rallies Higher Gains Following Cardano’s Aiken Launch

Jammy Hunts
Jammy Hunts
1 year ago
3 mins read
ADA

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cardano (ADA) aims higher today, with an over 6% price increase in the last 24 hours. The price rally follows the news of Aiken Launch, an open-source Smart Contract Language and Toolchain for writing smart contracts on Cardano.

Aiken aims to simplify and improve the processes of developing smart contracts on the Cardano blockchain. The news stirred positive price moves for ADA as the token witnessed a notable price increase in the hours following the announcement. ADA has now recorded an over 15% price uptick on the weekly chart.

Updates On The Aiken Launch

Cardano announced that it launched Aiken’s alpha phase on April 13. Aiken will solve problems relating to Smart contract writing, including setting up, learning, and using the Haskell Plutus platform on the blockchain. It would improve interoperability between Haskell (a general-purpose programming language) and other off-chain languages.

Related Reading: Little-Known Crypto WOO Outshines DEX Tokens With Surprise 32% Spike

According to the announcement, Plutus is challenging to use with other off-chain codes. But Aiken would solve this problem by simplifying integration into any off-chain infrastructure stack, leveraging IOG’s research on Plutus, a Smart Contract platform on the Cardano blockchain that allows developers to execute programming from a single Haskell library.

Aiken comprises several domain-specific conveniences that make Smart Contract development easy and more efficient. It renders quick compiler feedback and automatic code formatting, including a language server with editor integrations.

The announcement noted the Aiken team would run audits to ensure the program meets the expected standard. The feedback from the audit will enable a smoother mainnet launch.

ADAUSD price chart
ADA’s price currently hovers at $0.4378 in the daily chart. | Source: ADAUSD price chart from TradingView.com

ADA Price Surges after Aiken; What’s Next?

The ADA community and broader crypto market participants are excited about the Aiken news. As of March 13, ADA closed with a 5.16% price increase, resuming again today with a 6.74% price gain at press time. 

The community’s reaction reflected the surging trading volume witnessed today. ADA has observed a 61.42% rise in trading volume in the last 24 hours. ADA witnessed a sharp uptick in trading volume between April 13, after the Aiken launch announcement, and April 14.

The trading volume increased rapidly from $371.43 million on April 13 to $716.97 million today, April 14. That suggests higher network and trading activity after the Aiken unveiling. 

Related Reading: Company Of Legendary Peter Brandt Goes Long Bitcoin, Here’s His Target Price

Some observers believe this development may lead to a bullish sentiment for ADA as it could attract more utility to the token. ADA price is trading at $0.4378, with a 6.74% increase over the past 24 hours. Also, the token’s 7-day price gain has increased to 15.63%, placing it in the seventh position among the top-gaining cryptocurrencies today.

According to technical indicators, ADA price has crossed all moving averages, a bullish signal for the token. The Oscillators point towards a strong buy direction, while the coin price is above the primary pivot points S1 (0.3280), S2 (0.2571), and S2 (0.14550).

 It indicates the bulls are in control of the market, with their activity pushing the token price forward. If the current bullish sentiment sustains, ADA might edge closer to the $1 price level.

Featured image from Pixabay and chart from TradingView.com
Tweet123Share196ShareSend
Jammy Hunts
Jammy Hunts

Jammy Hunts

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin

Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

Bitcoin (BTC) is up 7% over the last two weeks, showing signs of strength despite expectations that the US Federal...

Ash Tiwari 1 day ago
XRP

XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029

XRP slipped to around $2.22 on July 7, marking a quiet session for the token. That price sits well below...

Christian Encila 2 days ago
Cardano (ADA) Turns Upward

Cardano (ADA) Turns Upward — Signs of a Recovery Emerge

Cardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move...

Aayush Jindal 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Tether

Tether Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin

Ronaldo Marquez 4 hours ago
Cardano price news

Analyst Predicts 2,000% Cardano Rally: ‘Fractal Is Too Clean To Ignore’

Jake Simmons 5 hours ago

Bitcoin Absorbs Strong Selling Pressure On Binance Derivatives – Breakout Ahead?

Ash Tiwari 11 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    37 minutes ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    47 minutes ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    59 minutes ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    1 hour ago
  • MEXC Launchpad Debuts PUMP Token with Exclusive 40%...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.