Cardano: Crypto Capital founder hints at potential bull run for ADA amid 7% price surge CardanoADA Cardanocommunity $ADA
ADA hit major support at the daily MA 50 at $0.376 on April 24, where bulls aggressively bought the dip.
If current gains are sustained, ADA might be set to close on its second consecutive day of positive price action., Cardano is leading the sustainability charge as the green blockchain because of its consensus protocol, Ouroboros. This proof-of-stake consensus mechanism emphasizes energy efficiency without compromising security.
It highlights that Cardano POS uses 47,000 times less energy than the proof-of-work mechanism used by Bitcoin. The annual energy usage of Bitcoin is 131 TWh, while that of Cardano is 0.00278 TWh. Mining BTC requires powerful, expensive and energy-intensive hardware. Running a Cardano node, in comparison, just needs the processing power of Raspberry Pi, a cheap single-board computer with low power requirements.
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