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New Cardano Update and Voltaire Decentralization: Why Is ADA Stuck?
Cardano, a smart contracts platform and Ethereum rival, advances. Developers are back to work days after initiating the Chang hard fork, which launched Voltaire.
Cardano Releases 8.2.2 GraphQL
Cardano developers published GraphQL 8.2.2 on X to improve developer experience and encourage dapp development.
Cardano says GraphQL 8.2.2 improves the network's capabilities and efficiency. In particular, developers are improving their query language.
The new update makes network data querying and updating easy for developers. Developers are strengthening Cardano's query language using GraphQL and creating an ecosystem to build dapps.
This upgrade is crucial for Cardano. Voltaire hosts the platform after years of research and enhancement. This crucial stage lets developers launch dapps and strengthen the ecosystem. The GraphQL upgrade allows Cardano developers and projects to improve their protocols and mainnet interaction.
Charles Hoskinson, the creator, has highlighted the network's next decentralization phases. With Chang complete, the network is decentralizing governance, giving ADA holders a vote in its evolution.
Hoskinson stressed community involvement in a video update. The developer stated immediate focus would be on establishing a legal constitution to make this effective.
The network is in a three-month âbootstrap phaseâ. Activating key components of the new governance system will be the aim.
Hoskinson also stated the interim Constitutional Committee would be operationalized and delegated representatives (DReps) will be registered. To aid this process, Cardano will publicly distribute treasury money.
ADA prices stay low as Cardano expands. The daily chart shows ADA down roughly 60% from March highs. After Cardano's first five rounds of growth from Byron, holders anticipate more despite the latest expansion.
#Cardano #Ada $ADA
Cardano, a smart contracts platform and Ethereum rival, advances. Developers are back to work days after initiating the Chang hard fork, which launched Voltaire.
Cardano Releases 8.2.2 GraphQL
Cardano developers published GraphQL 8.2.2 on X to improve developer experience and encourage dapp development.
Cardano says GraphQL 8.2.2 improves the network's capabilities and efficiency. In particular, developers are improving their query language.
The new update makes network data querying and updating easy for developers. Developers are strengthening Cardano's query language using GraphQL and creating an ecosystem to build dapps.
This upgrade is crucial for Cardano. Voltaire hosts the platform after years of research and enhancement. This crucial stage lets developers launch dapps and strengthen the ecosystem. The GraphQL upgrade allows Cardano developers and projects to improve their protocols and mainnet interaction.
Charles Hoskinson, the creator, has highlighted the network's next decentralization phases. With Chang complete, the network is decentralizing governance, giving ADA holders a vote in its evolution.
Hoskinson stressed community involvement in a video update. The developer stated immediate focus would be on establishing a legal constitution to make this effective.
The network is in a three-month âbootstrap phaseâ. Activating key components of the new governance system will be the aim.
Hoskinson also stated the interim Constitutional Committee would be operationalized and delegated representatives (DReps) will be registered. To aid this process, Cardano will publicly distribute treasury money.
ADA prices stay low as Cardano expands. The daily chart shows ADA down roughly 60% from March highs. After Cardano's first five rounds of growth from Byron, holders anticipate more despite the latest expansion.
#Cardano #Ada $ADA
$CKB
CKB/USDT Analysis đ
CKB's price is currently hovering around the $0.008992 mark, a 12.27% increase from its previous close and this price point is indicating that it is close to making a move out of the falling wedge shape it has created on the charts.
Key Levels to Watch:
Support Zone: $0.006767 â $0.006092 â This area has provided good support, and although CKB decreased below this area, it is encouraging to see buyers came in.
Resistance Levels:
$0.011161 (PMH) â The maximum monthly price resistance level could also pose a barrier any attempt at a breakout.
Target Zone: $0.021000 - $0.025000 â In the event that CKB does go for genuine breakouts, then this zone could on the charts, become the next main point of interest/target, as it marks a previously significant zone of supply.
Possible Scenarios:
Bullish Breakout: A vigorous rally towards the $0.021000 - $0.025000 zone should be witnessed once CKB surpasses $0.011161 resistance as it marks a wide area of strong resistance.
Bearish Continuation: If resistance is not breached and CKB goes to the support zone of $0.006767 - $0.006092 rather than heading towards the targets indicated, then there will be another attempt at break out after yet another retreat.
#Write2Earn #CKB #Ada #XRP #CPI_BTC_Watch
CKB/USDT Analysis đ
CKB's price is currently hovering around the $0.008992 mark, a 12.27% increase from its previous close and this price point is indicating that it is close to making a move out of the falling wedge shape it has created on the charts.
Key Levels to Watch:
Support Zone: $0.006767 â $0.006092 â This area has provided good support, and although CKB decreased below this area, it is encouraging to see buyers came in.
Resistance Levels:
$0.011161 (PMH) â The maximum monthly price resistance level could also pose a barrier any attempt at a breakout.
Target Zone: $0.021000 - $0.025000 â In the event that CKB does go for genuine breakouts, then this zone could on the charts, become the next main point of interest/target, as it marks a previously significant zone of supply.
Possible Scenarios:
Bullish Breakout: A vigorous rally towards the $0.021000 - $0.025000 zone should be witnessed once CKB surpasses $0.011161 resistance as it marks a wide area of strong resistance.
Bearish Continuation: If resistance is not breached and CKB goes to the support zone of $0.006767 - $0.006092 rather than heading towards the targets indicated, then there will be another attempt at break out after yet another retreat.
#Write2Earn #CKB #Ada #XRP #CPI_BTC_Watch
Cardano Holders Need To Know This
Cardano inventor Charles Hoskinson has clarified ADA holders' staking reward withdrawal options after the Chang hard fork. This clarification addresses ADA holders' rising concerns regarding governance and incentive system modifications.
Hoskinson said, âTo withdraw staking rewards from the network, a user must vote no confidence, abstain, or delegate to a DRep. Lace wallets simplify the UX by immediately abstaining if a user picks delegation exclusively.
Community inquiry confirmed that abstaining needs deliberate decision, not passive inactivity. When a user inquired whether âabstainâ meant picking the abstain delegation option or doing nothing, Hoskinson replied, âThat is correct. I explained my tweet since it's an action.â This shows that ADA holders must make conscious actions to alter their staking benefits under the new governance paradigm.
Mismanagement or exploitation of the governance structure was another community issue. Jacob, another X user, said, âI choose to abstainâ due to his skepticism in the system, especially the new DRep responsibilities. I hate seeing tiny girl and boy influencer DReps drain the treasury in this experiment.â
âThatâs why that option is there,â Hoskinson comforted him, underlining the systemâs flexibility. You may even vote without trusting the system.â His answer emphasizes the built-in protections that enable ADA holders to protest or refuse to delegate voting authority if they distrust the procedure or results.
The Chang hard fork makes important improvements as detailed in Cardano Improvement Proposal (CIP-1694), which defines governance responsibilities including General ADA holders, DReps, SPOs, and the Constitutional Committee.
The Cardano network relies on the 4 Governance Roles of General ADA holders. They may vote directly or via Delegated Representatives .
As part of Cardano's governance revamp in the Age of Voltaire phase, Delegated Representatives (DReps) represent other ADA holders in governance decisions.
#Ada #Cardano $ADA
Cardano inventor Charles Hoskinson has clarified ADA holders' staking reward withdrawal options after the Chang hard fork. This clarification addresses ADA holders' rising concerns regarding governance and incentive system modifications.
Hoskinson said, âTo withdraw staking rewards from the network, a user must vote no confidence, abstain, or delegate to a DRep. Lace wallets simplify the UX by immediately abstaining if a user picks delegation exclusively.
Community inquiry confirmed that abstaining needs deliberate decision, not passive inactivity. When a user inquired whether âabstainâ meant picking the abstain delegation option or doing nothing, Hoskinson replied, âThat is correct. I explained my tweet since it's an action.â This shows that ADA holders must make conscious actions to alter their staking benefits under the new governance paradigm.
Mismanagement or exploitation of the governance structure was another community issue. Jacob, another X user, said, âI choose to abstainâ due to his skepticism in the system, especially the new DRep responsibilities. I hate seeing tiny girl and boy influencer DReps drain the treasury in this experiment.â
âThatâs why that option is there,â Hoskinson comforted him, underlining the systemâs flexibility. You may even vote without trusting the system.â His answer emphasizes the built-in protections that enable ADA holders to protest or refuse to delegate voting authority if they distrust the procedure or results.
The Chang hard fork makes important improvements as detailed in Cardano Improvement Proposal (CIP-1694), which defines governance responsibilities including General ADA holders, DReps, SPOs, and the Constitutional Committee.
The Cardano network relies on the 4 Governance Roles of General ADA holders. They may vote directly or via Delegated Representatives .
As part of Cardano's governance revamp in the Age of Voltaire phase, Delegated Representatives (DReps) represent other ADA holders in governance decisions.
#Ada #Cardano $ADA
ASSALAMUALAIKUM guys,
these are the coins i always prefer When considering investments in cryptocurrencies on Binance, some strong options include:
- **Bitcoin (BTC)**: A well-known store of value with relatively high stability.
- **Ethereum (ETH)**: Leading platform for decentralized applications and smart contracts.
- **Binance Coin (BNB)**: Native token of Binance, with utility in the Binance ecosystem.
- **Solana (SOL)**: High throughput and low transaction costs, popular for decentralized apps.
- **Cardano (ADA)**: Focuses on security, scalability, and sustainability.
- **Polkadot (DOT)**: Enables interoperability between different blockchains.
- **Chainlink (LINK)**: Provides decentralized oracles crucial for DeFi.
- **Avalanche (AVAX)**: Fast transaction processing, gaining traction in DeFi.
**Investment Tip**: Diversify your portfolio, stay informed, and manage risks by only investing what you can afford to lose.
#btc #Ada #link #eth #Write2Earn!
pls like share and subscribe ..and do comment ur opinions â€ïž
these are the coins i always prefer When considering investments in cryptocurrencies on Binance, some strong options include:
- **Bitcoin (BTC)**: A well-known store of value with relatively high stability.
- **Ethereum (ETH)**: Leading platform for decentralized applications and smart contracts.
- **Binance Coin (BNB)**: Native token of Binance, with utility in the Binance ecosystem.
- **Solana (SOL)**: High throughput and low transaction costs, popular for decentralized apps.
- **Cardano (ADA)**: Focuses on security, scalability, and sustainability.
- **Polkadot (DOT)**: Enables interoperability between different blockchains.
- **Chainlink (LINK)**: Provides decentralized oracles crucial for DeFi.
- **Avalanche (AVAX)**: Fast transaction processing, gaining traction in DeFi.
**Investment Tip**: Diversify your portfolio, stay informed, and manage risks by only investing what you can afford to lose.
#btc #Ada #link #eth #Write2Earn!
pls like share and subscribe ..and do comment ur opinions â€ïž
Cardano price analysis: ADA price correct down at $0.3835 as selling pressure
Cardano price analysis shows a bearish trend as the price chart displays a series of lower highs and lower lows. ADA/USD pair has been trading on a bearish curve from the start of todayâs trading session as bears have been in control of the market. At press time, ADA is trading at 0.3835 with a 24-hour loss of 2.53%. The immediate support for ADA is present at $0.3794. If the support breaks, the next support lies at $0.3750. On the other hand, the immediate resistance for ADA/USD is seen at $0.3934. If bulls push the price above this resistance, the next resistance lies at $0.40.
Cardano price analysis daily chart: Bears are adamant to push ADA price toward $0.3800
The daily chart for Cardano price analysis shows bearish price action as the price has been falling continuously. ADA opened the daily chart above $0.3900 and fell to the dayâs low of $0.3794 thus displaying a falling wedge pattern suggesting that bears are in control of the market momentum. The market cap for ADA stands at $13,351,418,529 with a circulating supply of 34,814,516,794 ADA coins in circulation.
The technical indicators in this timeframe also favor the bears as the Moving Average Convergence Divergence (MACD) indicator is in the negative territory and the signal line is below the MACD line suggesting a bearish crossover. The Relative Strength Index (RSI) is also below the 50-level at 44 indicating that selling pressure is high in the market and bears are driving the price downwards. Moreover, the moving average (MA) is above the current price suggesting that the path of least resistance is downwards.
Cardano price analysis hourly chart: Recent developments and further indications
Cardano price analysis on the 4-hour chart shows that the bulls are making a comeback in the market as the price is recovering from the dayâs low. The buyers have pushed the price above the $0.3800 level and are aiming for the $0.3900 psychological resistance. The moving average has also started sloping upwards with green candlesticks appearing on the chart suggesting buying momentum.
The RSI has turned upwards from the oversold region and is now at 39 suggesting that buying pressure is increasing in the market. Additionally, the Moving Average Convergence Divergence (MACD) indicator has also started sloping upwards with the signal line on the verge to cross above the MACD line indicating a bullish crossover. The red bars on the histogram are decreasing in size suggesting that bearish momentum is fading.
Cardano price analysis conclusion
Overall, Cardano price analysis shows bearish market sentiment in the daily chart but bulls are making a comeback in the hourly chart. As the price recovers from the dayâs low, buyers are aiming for a break above the $0.3900 resistance. If they succeed, ADA price may rally towards $0.4000. However, if sellers push the price below $0.3794 support, ADA may drop to $0.3750.
#Ada #crypto2023 #crypto #Binance #cryptotrading
Cardano price analysis daily chart: Bears are adamant to push ADA price toward $0.3800
The daily chart for Cardano price analysis shows bearish price action as the price has been falling continuously. ADA opened the daily chart above $0.3900 and fell to the dayâs low of $0.3794 thus displaying a falling wedge pattern suggesting that bears are in control of the market momentum. The market cap for ADA stands at $13,351,418,529 with a circulating supply of 34,814,516,794 ADA coins in circulation.
The technical indicators in this timeframe also favor the bears as the Moving Average Convergence Divergence (MACD) indicator is in the negative territory and the signal line is below the MACD line suggesting a bearish crossover. The Relative Strength Index (RSI) is also below the 50-level at 44 indicating that selling pressure is high in the market and bears are driving the price downwards. Moreover, the moving average (MA) is above the current price suggesting that the path of least resistance is downwards.
Cardano price analysis hourly chart: Recent developments and further indications
Cardano price analysis on the 4-hour chart shows that the bulls are making a comeback in the market as the price is recovering from the dayâs low. The buyers have pushed the price above the $0.3800 level and are aiming for the $0.3900 psychological resistance. The moving average has also started sloping upwards with green candlesticks appearing on the chart suggesting buying momentum.
The RSI has turned upwards from the oversold region and is now at 39 suggesting that buying pressure is increasing in the market. Additionally, the Moving Average Convergence Divergence (MACD) indicator has also started sloping upwards with the signal line on the verge to cross above the MACD line indicating a bullish crossover. The red bars on the histogram are decreasing in size suggesting that bearish momentum is fading.
Cardano price analysis conclusion
Overall, Cardano price analysis shows bearish market sentiment in the daily chart but bulls are making a comeback in the hourly chart. As the price recovers from the dayâs low, buyers are aiming for a break above the $0.3900 resistance. If they succeed, ADA price may rally towards $0.4000. However, if sellers push the price below $0.3794 support, ADA may drop to $0.3750.
#Ada #crypto2023 #crypto #Binance #cryptotrading
