CardanoEvolution
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š„š Explosive Critique Alert! š„š
Charles Hoskinson, the visionary founder of Cardano, is pulling no punches, slamming the Biden administration for what he sees as deliberate sabotage of the American crypto industry!
š„ In a fiery video on May 9, he didn't hold back, accusing President Biden of anti-crypto actions that hinder innovation.
š Hoskinson's bold words highlight the urgent need for fair regulations, contrasting the US approach with crypto-friendly havens like Switzerland and Singapore.
š Don't miss this groundbreaking insight into the battle for crypto freedom!
#ETFvsBTC #CardanoEvolution #BTC #BidenSupportsGensler #CryptoInsights
Charles Hoskinson, the visionary founder of Cardano, is pulling no punches, slamming the Biden administration for what he sees as deliberate sabotage of the American crypto industry!
š„ In a fiery video on May 9, he didn't hold back, accusing President Biden of anti-crypto actions that hinder innovation.
š Hoskinson's bold words highlight the urgent need for fair regulations, contrasting the US approach with crypto-friendly havens like Switzerland and Singapore.
š Don't miss this groundbreaking insight into the battle for crypto freedom!
#ETFvsBTC #CardanoEvolution #BTC #BidenSupportsGensler #CryptoInsights
Cardano (ADA):š¢Slow progress, scalability issues, limited apps, and centralization concerns cloud its potential.š ā ļø
$ADA #CardanoEvolution
$ADA #CardanoEvolution
Top 3 Cryptocurrencies to Watch for Growth Next Month
**1. Ethereum (ETH)**Ethereum remains a cornerstone of the cryptocurrency ecosystem, known not only for its pioneering role in smart contracts but also for its ongoing upgrades. The upcoming transition to Ethereum 2.0, which promises scalability improvements and reduced energy consumption through Proof of Stake (PoS), has sparked renewed interest in the platform. Additionally, the growing popularity of decentralized finance (DeFi) applications built on Ethereum continues to drive demand for $ETH
. As the network undergoes these transformative changes, Ethereum stands out as a promising investment for the month ahead.**
2. Cardano (ADA)**Cardano has garnered attention for its unique approach to blockchain technology, focusing on academic research and peer-reviewed development. The recent launch of the Alonzo upgrade, which introduces smart contract functionality to the Cardano blockchain, marks a significant milestone in its development roadmap. This upgrade opens the door to a wide range of decentralized applications (dApps) and projects that can leverage Cardano robust and scalable infrastructure. With growing anticipation surrounding its ecosystem expansion and developer activity, ADA presents itself as a cryptocurrency to watch closely in the coming month.**
3. Solana (SOL)**Solana has emerged as a formidable competitor in the blockchain space, known for its high throughput and low transaction costs. Its ability to support a wide array of decentralized applications, including DeFi platforms and non-fungible token (NFT) marketplaces, has contributed to its rapid adoption among developers and users alike. Recent partnerships and integrations further bolster the $SOL ecosystem, enhancing its utility and appeal. As blockchain scalability remains a pressing issue, $SOL
efficient consensus mechanism positions it favorably for potential growth in the near term.
#ETH_ETF_Approval_23July
#CardanoSurprise
#CardanoEvolution
#Solana_Blockchain
**1. Ethereum (ETH)**Ethereum remains a cornerstone of the cryptocurrency ecosystem, known not only for its pioneering role in smart contracts but also for its ongoing upgrades. The upcoming transition to Ethereum 2.0, which promises scalability improvements and reduced energy consumption through Proof of Stake (PoS), has sparked renewed interest in the platform. Additionally, the growing popularity of decentralized finance (DeFi) applications built on Ethereum continues to drive demand for $ETH
. As the network undergoes these transformative changes, Ethereum stands out as a promising investment for the month ahead.**
2. Cardano (ADA)**Cardano has garnered attention for its unique approach to blockchain technology, focusing on academic research and peer-reviewed development. The recent launch of the Alonzo upgrade, which introduces smart contract functionality to the Cardano blockchain, marks a significant milestone in its development roadmap. This upgrade opens the door to a wide range of decentralized applications (dApps) and projects that can leverage Cardano robust and scalable infrastructure. With growing anticipation surrounding its ecosystem expansion and developer activity, ADA presents itself as a cryptocurrency to watch closely in the coming month.**
3. Solana (SOL)**Solana has emerged as a formidable competitor in the blockchain space, known for its high throughput and low transaction costs. Its ability to support a wide array of decentralized applications, including DeFi platforms and non-fungible token (NFT) marketplaces, has contributed to its rapid adoption among developers and users alike. Recent partnerships and integrations further bolster the $SOL ecosystem, enhancing its utility and appeal. As blockchain scalability remains a pressing issue, $SOL
efficient consensus mechanism positions it favorably for potential growth in the near term.
#ETH_ETF_Approval_23July
#CardanoSurprise
#CardanoEvolution
#Solana_Blockchain
BUY ETH
25%
BUY SOLANA
44%
DUMP BOTH
31%
59 votes ā¢ Voting closed
Cardano Welcomes New Upgrade In Readiness For Change š³
Cardano (ADA) has welcomed a new upgrade on the mainnet. According to an update shared by Cardano Foundation technical director Ktorz, the upgrade has positioned the blockchain ahead of the Chang hardfork.
Another Major Cardano Milestone
In view of the Chang hard fork and the general development of Cardano, a series of new upgrades has made their emergence floated. According to Ktorz, this latest upgrade dubbed v6.5.0 is compatible with Cardano node 9.0.0
The Ogmios upgrade brings a new ledger state query for the protocolās treasury and reserves. In addition, new protocol parameters that centers on the new reference script fee and max size are also introduced. The essence of these functionalities is to relieve the blockchain of the features that might pose bottlenecks in its push toward complete decentralization.
The move toward decentralization remains the ultimate pursuit for Charles Hoskinson and the community. After receiving enough backlash regarding its centralization features, this month marks the proposed timeline to usher in the Voltaire era.
In this era, the community will take charge of the treasury with Interim Constitutional Committee (ICC) partly managing it. While there are only a few blockchain protocols with complete decentralization features, Cardano remain poised to lead in this regard..
The Ogmios update also comes with new changes as revealed by Ktorz. One of these is the āfixed transaction evaluation internal client not being properly terminated and cleaned up after use.ā This generally results in āactive connections piling up over timeā slowing down the network.
The Place of ADA
The growth of Cardano and its ecosystem aims to drive the growth of ADA. The trends in the broader market with unpredictable crypto liquidations has also impacted ADA.
At the time of writing, ADA is changing hands for $0.4082, up by 1.63% in the past 24 hours. During this period, ADA has jumped from a low of $0.3920 to a high of $0.4099.
#ADA.ęŗč½ēē„åŗš„š„ #CardanoEvolution
Cardano (ADA) has welcomed a new upgrade on the mainnet. According to an update shared by Cardano Foundation technical director Ktorz, the upgrade has positioned the blockchain ahead of the Chang hardfork.
Another Major Cardano Milestone
In view of the Chang hard fork and the general development of Cardano, a series of new upgrades has made their emergence floated. According to Ktorz, this latest upgrade dubbed v6.5.0 is compatible with Cardano node 9.0.0
The Ogmios upgrade brings a new ledger state query for the protocolās treasury and reserves. In addition, new protocol parameters that centers on the new reference script fee and max size are also introduced. The essence of these functionalities is to relieve the blockchain of the features that might pose bottlenecks in its push toward complete decentralization.
The move toward decentralization remains the ultimate pursuit for Charles Hoskinson and the community. After receiving enough backlash regarding its centralization features, this month marks the proposed timeline to usher in the Voltaire era.
In this era, the community will take charge of the treasury with Interim Constitutional Committee (ICC) partly managing it. While there are only a few blockchain protocols with complete decentralization features, Cardano remain poised to lead in this regard..
The Ogmios update also comes with new changes as revealed by Ktorz. One of these is the āfixed transaction evaluation internal client not being properly terminated and cleaned up after use.ā This generally results in āactive connections piling up over timeā slowing down the network.
The Place of ADA
The growth of Cardano and its ecosystem aims to drive the growth of ADA. The trends in the broader market with unpredictable crypto liquidations has also impacted ADA.
At the time of writing, ADA is changing hands for $0.4082, up by 1.63% in the past 24 hours. During this period, ADA has jumped from a low of $0.3920 to a high of $0.4099.
#ADA.ęŗč½ēē„åŗš„š„ #CardanoEvolution
Comprehensive Analysis of Cardano (ADA) and Projected Price by 2030
Project Overview
Cardano, developed by Input Output Hong Kong (IOHK) and founded by Charles Hoskinson, is a third-generation blockchain platform designed to address the scalability, interoperability, and sustainability issues of earlier blockchain systems like Bitcoin and Ethereum. Cardano uses a unique proof-of-stake (PoS) consensus mechanism called Ouroboros and emphasizes a research-driven approach to development, which is guided by peer-reviewed academic research.
Key Features of Cardano:
1. High Decentralization: Cardano demonstrates a strong level of decentralization, with a high Nakamoto Coefficient exceeding 200, indicating a well-distributed network.
2. Research-Driven Development: Cardano collaborates with top academics and employs formal methods to ensure the security and reliability of its blockchain.
3. Energy Efficiency: Cardano is significantly more energy-efficient than Bitcoin, consuming approximately 2.596 GWh across its pools.
4. UTXO Model: Utilizes the UTXO (Unspent Transaction Output) model for efficient parallel processing and better scalability.
5. Low Inflation Rate: Cardano maintains a low inflation rate, officially set at around 3% per year.
Challenges:
1. Development Speed: The rigorous development process, while beneficial for security, results in a slower pace compared to competitors.
2. Scalability Issues: Despite its innovative design, Cardano faces challenges in handling high transaction volumes efficiently.
3. Competition: Faces intense competition from other PoS networks like Ethereum, Solana, and Avalanche.
Historical Performance and Current Status
Cardano launched in 2017 and experienced significant price volatility. After peaking at $3.10 in September 2021, ADA's price has seen substantial fluctuations. As of mid-2024, Cardano remains the 10th largest cryptocurrency by market cap
Price Predictions
Short-term (2024-2025):
- 2024:Predictions for 2024 vary widely. CoinCodex forecasts ADA to reach approximately $1.14 #CardanoEvolution #AdaFundamentals
Project Overview
Cardano, developed by Input Output Hong Kong (IOHK) and founded by Charles Hoskinson, is a third-generation blockchain platform designed to address the scalability, interoperability, and sustainability issues of earlier blockchain systems like Bitcoin and Ethereum. Cardano uses a unique proof-of-stake (PoS) consensus mechanism called Ouroboros and emphasizes a research-driven approach to development, which is guided by peer-reviewed academic research.
Key Features of Cardano:
1. High Decentralization: Cardano demonstrates a strong level of decentralization, with a high Nakamoto Coefficient exceeding 200, indicating a well-distributed network.
2. Research-Driven Development: Cardano collaborates with top academics and employs formal methods to ensure the security and reliability of its blockchain.
3. Energy Efficiency: Cardano is significantly more energy-efficient than Bitcoin, consuming approximately 2.596 GWh across its pools.
4. UTXO Model: Utilizes the UTXO (Unspent Transaction Output) model for efficient parallel processing and better scalability.
5. Low Inflation Rate: Cardano maintains a low inflation rate, officially set at around 3% per year.
Challenges:
1. Development Speed: The rigorous development process, while beneficial for security, results in a slower pace compared to competitors.
2. Scalability Issues: Despite its innovative design, Cardano faces challenges in handling high transaction volumes efficiently.
3. Competition: Faces intense competition from other PoS networks like Ethereum, Solana, and Avalanche.
Historical Performance and Current Status
Cardano launched in 2017 and experienced significant price volatility. After peaking at $3.10 in September 2021, ADA's price has seen substantial fluctuations. As of mid-2024, Cardano remains the 10th largest cryptocurrency by market cap
Price Predictions
Short-term (2024-2025):
- 2024:Predictions for 2024 vary widely. CoinCodex forecasts ADA to reach approximately $1.14 #CardanoEvolution #AdaFundamentals
"Profitable ADA Addresses Revealed as Cardano Trades at $0.5021 - Are You Among Them?"
With Cardano surging 4.19% over the past 24 hours to trade at $0.5021, over 1.9 million addresses are currently seeing profits on their ADA holdings.Ā
Read more on: https://thecryptobasic.com/2024/05/21/heres-the-number-of-cardano-addresses-in-profit-as-ada-trades-at-0-5021/
#CardanoEvolution #Crypto #CryptoPredctions #CryptoNewsšš„V #CryptoNewsDaddy
Read more on: https://thecryptobasic.com/2024/05/21/heres-the-number-of-cardano-addresses-in-profit-as-ada-trades-at-0-5021/
#CardanoEvolution #Crypto #CryptoPredctions #CryptoNewsšš„V #CryptoNewsDaddy
š Exciting News for Cardano Enthusiasts! š
Frederik Gregaard, CEO of the Cardano Foundation, unveils a new era for Cardano, highlighting the imminent release of the interim constitution as the project progresses towards decentralized governance. š
The Cardano Constitution sets the stage for community governance, promoting transparency, openness, and responsible decision-making. With the interim constitution, every ADA holder will have a voice in shaping Cardano's future. š£ļøš¼
As Cardano gears up for its Chang hard fork in 2024, paving the way for community-run governance, stakeholders will have the opportunity to test the governance model before finalization. š ļø
Get ready for workshops and a constitutional convention in late 2024, where ADA holders will have the power to determine Cardano's governance future. š
Exciting times ahead for Cardano! Stay tuned for more updates on this groundbreaking journey! #CardanoEvolution #DecentralizedGovernance šæšš#bitcoinhalving #SHIB
Frederik Gregaard, CEO of the Cardano Foundation, unveils a new era for Cardano, highlighting the imminent release of the interim constitution as the project progresses towards decentralized governance. š
The Cardano Constitution sets the stage for community governance, promoting transparency, openness, and responsible decision-making. With the interim constitution, every ADA holder will have a voice in shaping Cardano's future. š£ļøš¼
As Cardano gears up for its Chang hard fork in 2024, paving the way for community-run governance, stakeholders will have the opportunity to test the governance model before finalization. š ļø
Get ready for workshops and a constitutional convention in late 2024, where ADA holders will have the power to determine Cardano's governance future. š
Exciting times ahead for Cardano! Stay tuned for more updates on this groundbreaking journey! #CardanoEvolution #DecentralizedGovernance šæšš#bitcoinhalving #SHIB
_Cardano Blockchain Gears Up for Landmark 'Chang Hard Fork' Upgrade_
The Cardano blockchain is on the cusp of its most significant upgrade in two years, the 'Chang Hard Fork'. This highly anticipated update is set to revolutionize the network by introducing governance features, enabling the community to have a greater say in the blockchain's development.
Governance Features: A New Era for Cardano
The 'Chang Hard Fork' upgrade will empower Cardano to implement governance features, allowing the community to participate in decision-making processes. This move is expected to increase decentralization, transparency, and accountability within the network.
Delayed but Not Deterred
Initially scheduled for this week, the upgrade was postponed to September 1st to allow prominent exchanges like Binance to prepare their systems. This brief delay ensures a seamless transition and minimizes potential disruptions.
What to Expect
The 'Chang Hard Fork' upgrade promises to:
- Introduce governance features
- Enhance decentralization
- Increase community involvement
- Pave the way for future development
Stay Tuned
As Cardano embarks on this significant milestone, the community eagerly awaits the outcome. Will this upgrade propel Cardano to new heights, or will it face unexpected challenges?
Follow us for updates on this developing story.
#changHardFork #Governance #CardanoEvolution #CardanoEcoSystem #cryptoinnovation
Governance Features: A New Era for Cardano
The 'Chang Hard Fork' upgrade will empower Cardano to implement governance features, allowing the community to participate in decision-making processes. This move is expected to increase decentralization, transparency, and accountability within the network.
Delayed but Not Deterred
Initially scheduled for this week, the upgrade was postponed to September 1st to allow prominent exchanges like Binance to prepare their systems. This brief delay ensures a seamless transition and minimizes potential disruptions.
What to Expect
The 'Chang Hard Fork' upgrade promises to:
- Introduce governance features
- Enhance decentralization
- Increase community involvement
- Pave the way for future development
Stay Tuned
As Cardano embarks on this significant milestone, the community eagerly awaits the outcome. Will this upgrade propel Cardano to new heights, or will it face unexpected challenges?
Follow us for updates on this developing story.
#changHardFork #Governance #CardanoEvolution #CardanoEcoSystem #cryptoinnovation
$ADA šØšØšØ ADA 4-HOUR ā³ Timeframe šØšØ
#CardanoStablecoin" Support and Resistance Levels:
CARDANO
ā¼ļøā¼ļø Analyzing the Latest Patterns and Potential Moves ā¼ļøā¼ļø
Current Analysis:
ā¢ Resistance Levels:
ā¢ Primary Resistance: $0.4028 - This level is currently acting as strong resistance with a trend strength of 3.4 and an angle of 29Ā°.
ā¢ Support Levels:
ā¢ Current Price Level: $0.3782 - ADA is trading below the resistance level and is experiencing downward pressure.
Latest Patterns:
ā¢ Trend Analysis:
ā¢ The trend indicators for 50, 100, 150, and 200 bars all indicate a strong downtrend with angles of -37Ā°, -31Ā°, -19Ā°, and -17Ā° respectively.
ā¢ Identified Patterns:
ā¢ Black Swan: This pattern suggests significant bearish momentum and potential further decline.
Potential Moves:
ā¢ Elliott Wave Theory:
ā¢ According to the Elliott wave theory, ADA might be in a corrective phase. We should monitor ADAās movement towards the support and resistance zones.
ā¢ Price Projection:
ā¢ ADA may attempt to test the resistance level at $0.4028 if it gains bullish momentum, but the overall downtrend indicates potential for further decline if it fails to break this resistance.
Important Note: Always remember the importance of capital management and avoiding greed.
ADA Analysis (ADAUSDT), 4-Hour Timeframe ā°
Donāt forget to set a stop loss for any positions you plan to open.
This analysis provides a comprehensive view of ADAās price action on a 4-hour timeframe, highlighting key support and resistance levels, identified patterns, and potential future moves.#CardanoEvolution #cardanofeed #AdaFundamentals #Alertš“ $ADA
#CardanoStablecoin" Support and Resistance Levels:
CARDANO
ā¼ļøā¼ļø Analyzing the Latest Patterns and Potential Moves ā¼ļøā¼ļø
Current Analysis:
ā¢ Resistance Levels:
ā¢ Primary Resistance: $0.4028 - This level is currently acting as strong resistance with a trend strength of 3.4 and an angle of 29Ā°.
ā¢ Support Levels:
ā¢ Current Price Level: $0.3782 - ADA is trading below the resistance level and is experiencing downward pressure.
Latest Patterns:
ā¢ Trend Analysis:
ā¢ The trend indicators for 50, 100, 150, and 200 bars all indicate a strong downtrend with angles of -37Ā°, -31Ā°, -19Ā°, and -17Ā° respectively.
ā¢ Identified Patterns:
ā¢ Black Swan: This pattern suggests significant bearish momentum and potential further decline.
Potential Moves:
ā¢ Elliott Wave Theory:
ā¢ According to the Elliott wave theory, ADA might be in a corrective phase. We should monitor ADAās movement towards the support and resistance zones.
ā¢ Price Projection:
ā¢ ADA may attempt to test the resistance level at $0.4028 if it gains bullish momentum, but the overall downtrend indicates potential for further decline if it fails to break this resistance.
Important Note: Always remember the importance of capital management and avoiding greed.
ADA Analysis (ADAUSDT), 4-Hour Timeframe ā°
Donāt forget to set a stop loss for any positions you plan to open.
This analysis provides a comprehensive view of ADAās price action on a 4-hour timeframe, highlighting key support and resistance levels, identified patterns, and potential future moves.#CardanoEvolution #cardanofeed #AdaFundamentals #Alertš“ $ADA
Cardano (ADA) Price Could Enter a 25% Bull Rally
Cardanoās ADA price is above $0.42 but struggles to secure $0.500 as support.Ā ThisĀ crucial psychological level couldĀ act as a recovery rally trigger.
With the changing market conditions, it seems likely that ADA could note a surge after overcoming this barrier.
Cardano Holders Should Take Note
Cardanoās price hasĀ tendedĀ to react to investorsā actions,Ā which placesĀ ADA in a good spot.Ā ThisĀ is becauseĀ not onlyĀ is the altcoin primed for a rally, but investors can also take profits.
ThisĀ is derived from the Market Value to Realized Value (MVRV) ratio. This metric assesses investor profit or loss.
Cardanoās 30-day MVRV sits at -10.24 %, signaling losses and potentially prompting accumulation.Ā Historically, ADA recovery occurs within the -7% and -17% MVRV range, labeling itĀ an accumulation opportunity zone.
The broader market cues are also supporting a bullish outcome. For instance, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both positiveĀ at the moment.Ā RSI isĀ currentlyĀ above the neutral line at 50.0, sitting in the bullish zone, while MACD is sustaining its bullish crossover.
RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions. MACD, on the other hand, identifies momentum trends by comparing short and long-term moving averages.
Combining this with the potential accumulation at the hands of ADA investors, a rally couldĀ occur.
ADA Price Prediction: Reclaim $0.500
Cardanoās price trading at $0.462 is just under the resistance of $0.468 after bouncing off the support at $0.428.
To secure the ADA rally, the $0.518 barrier would need to be flipped into support.Ā ThisĀ could help Cardanoās price escape the three-week-long consolidation and continue its rise to $0.600, marking a 25% rally.
On the other hand, if the breach fails, Cardanoās price could likely remain consolidating. However, if the support of $0.420 is lost, the bullish thesis would be invalidated. This would leave ADA vulnerable to a fall to $0.400.$ADA #CardanoEvolution
Cardanoās ADA price is above $0.42 but struggles to secure $0.500 as support.Ā ThisĀ crucial psychological level couldĀ act as a recovery rally trigger.
With the changing market conditions, it seems likely that ADA could note a surge after overcoming this barrier.
Cardano Holders Should Take Note
Cardanoās price hasĀ tendedĀ to react to investorsā actions,Ā which placesĀ ADA in a good spot.Ā ThisĀ is becauseĀ not onlyĀ is the altcoin primed for a rally, but investors can also take profits.
ThisĀ is derived from the Market Value to Realized Value (MVRV) ratio. This metric assesses investor profit or loss.
Cardanoās 30-day MVRV sits at -10.24 %, signaling losses and potentially prompting accumulation.Ā Historically, ADA recovery occurs within the -7% and -17% MVRV range, labeling itĀ an accumulation opportunity zone.
The broader market cues are also supporting a bullish outcome. For instance, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both positiveĀ at the moment.Ā RSI isĀ currentlyĀ above the neutral line at 50.0, sitting in the bullish zone, while MACD is sustaining its bullish crossover.
RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions. MACD, on the other hand, identifies momentum trends by comparing short and long-term moving averages.
Combining this with the potential accumulation at the hands of ADA investors, a rally couldĀ occur.
ADA Price Prediction: Reclaim $0.500
Cardanoās price trading at $0.462 is just under the resistance of $0.468 after bouncing off the support at $0.428.
To secure the ADA rally, the $0.518 barrier would need to be flipped into support.Ā ThisĀ could help Cardanoās price escape the three-week-long consolidation and continue its rise to $0.600, marking a 25% rally.
On the other hand, if the breach fails, Cardanoās price could likely remain consolidating. However, if the support of $0.420 is lost, the bullish thesis would be invalidated. This would leave ADA vulnerable to a fall to $0.400.$ADA #CardanoEvolution
"Explosive ADA Surge: 3 Game-Changing Technical Indicators Revealed!"
While Cardano underperforms, market pundit Dan Gambardello cites three technical indicators confirming a potential ācrazyā surge for ADA, targeting $1 short-term.Ā
Read more on: https://thecryptobasic.com/2024/06/05/cardano-bull-gambardello-says-3-technical-indicators-confirm-impending-crazy-ada-surge/
#CardanoEvolution #Crypto #CryptoNewsCommunity #CryptoNewsšš„V
Read more on: https://thecryptobasic.com/2024/06/05/cardano-bull-gambardello-says-3-technical-indicators-confirm-impending-crazy-ada-surge/
#CardanoEvolution #Crypto #CryptoNewsCommunity #CryptoNewsšš„V
Cardano Faces High Volatility, Analyst Predicts Strong Bullish Rally
Cardano's price has dropped, while trading volume has increased, indicating market uncertainty. Despite potential pullbacks, a crypto analyst predicts a bullish move. Key indicators suggest that ADA may soon break out of its consolidation phase.
Volatility and Trading Volume Rise
In the past 24 hours, Cardano ($ADA ) has experienced high volatility. According to data from CoinMarketCap, ADA is currently trading at $0.3513, a decrease of 0.94% compared to the previous day. However, investors remain active, as demonstrated by the rising trading volume, which has surged by 20.02% to $247,810,216, despite a 1.20% drop in market capitalization to $12,272,473,227.
The discrepancy between declining market capitalization and rising trading volume is a sign of high market volatility. Currently, Cardano ranks 11th in terms of market capitalization, with a total supply of 44,995,152,754 ADA.
Price Movement and Declining Investor Activity
Charts show that ADA initially spiked to a resistance level of $0.3642 before retreating to its current price. Investor engagement has decreased over the past 24 hours, as reflected in market activity.
Bullish Rally Predicted for Cardano
Despite concerns about a potential pullback, investors remain optimistic. Notable crypto analyst Crypto Winkle shared his analysis of ADA's daily charts and expressed high expectations for the coin's future performance.
According to his analysis, investors should be aware of a possible short-term decline, but he expects the price to rise with strong bullish momentum. In his analysis, he highlighted key technical indicators, such as the RSI, which sits at 45 ā a consolidation phase that he believes creates perfect conditions for growth.
Technical Indicators Point to Growth
The MACD (Moving Average Convergence Divergence) also shows positive momentum, as indicated by the green histogram. This signal suggests that the market is gearing up for upward momentum, and Cardano could soon enter a #BullishRally .
#Altcoinsšš , #CardanoEvolution , #Cryptocurrencies , #BULLishWithBULL
Stay one step ahead ā follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.ā
Volatility and Trading Volume Rise
In the past 24 hours, Cardano ($ADA ) has experienced high volatility. According to data from CoinMarketCap, ADA is currently trading at $0.3513, a decrease of 0.94% compared to the previous day. However, investors remain active, as demonstrated by the rising trading volume, which has surged by 20.02% to $247,810,216, despite a 1.20% drop in market capitalization to $12,272,473,227.
The discrepancy between declining market capitalization and rising trading volume is a sign of high market volatility. Currently, Cardano ranks 11th in terms of market capitalization, with a total supply of 44,995,152,754 ADA.
Price Movement and Declining Investor Activity
Charts show that ADA initially spiked to a resistance level of $0.3642 before retreating to its current price. Investor engagement has decreased over the past 24 hours, as reflected in market activity.
Bullish Rally Predicted for Cardano
Despite concerns about a potential pullback, investors remain optimistic. Notable crypto analyst Crypto Winkle shared his analysis of ADA's daily charts and expressed high expectations for the coin's future performance.
According to his analysis, investors should be aware of a possible short-term decline, but he expects the price to rise with strong bullish momentum. In his analysis, he highlighted key technical indicators, such as the RSI, which sits at 45 ā a consolidation phase that he believes creates perfect conditions for growth.
Technical Indicators Point to Growth
The MACD (Moving Average Convergence Divergence) also shows positive momentum, as indicated by the green histogram. This signal suggests that the market is gearing up for upward momentum, and Cardano could soon enter a #BullishRally .
#Altcoinsšš , #CardanoEvolution , #Cryptocurrencies , #BULLishWithBULL
Stay one step ahead ā follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.ā
Cardano shifts to decentralized governance as Chang hard fork goes live
Following years of effort, the first stage of Cardanoās Chang upgrade has gone live, transitioning ownership of the blockchain to holders of its native ADA token.Ā With the upgrade, Cardano enters its final stage of development, dubbed the Voltaire era.Ā
Cardano, the Layer 1 blockchain founded by Ethereum co-founder Charles Hoskinson, has officially undergone the first stage of its Chang hard fork, becoming the first major blockchain to transition its centralized governance structure to a token-based decentralized governance system.Ā
Over the next 90 days, Cardano will undergo a full transformation to a community-led governance model overseen by an interim committee. At the end of the 90 days, the second stage of the Chang hard fork will activate, fully turning power over to its new governance bodies, which include a constitutional committee, delegate representatives, and staking pool operators.Ā
"The goal of the first stage is to ensure security and continuity during the governance bootstrapping phase, allowing [delegate representatives] to register and campaign for delegation, while developing and ratifying a final constitution by early 2025," Cardano's explanation reads.Ā
While at times Cardano ranked in the top 5 cryptocurrencies by market cap, recent dynamics have been less than favorable for the token, which fell out of the top 10 last month as TRON's TRX token and Telegram's Toncoin have grown.Ā
"When I reflect back at where we started as an ecosystem it was just an idea...we've grown tremendously throughout the years. There've been ups and downs, there's been a lot of disappointments, but now we are here," Hoskinson said in a video posted to X. "Now we are here today...a day where the entire ecosystem, the community, every holder of ADA stands shoulder to shoulder as equals and they all have a say in the future not just of this protocol, but what this protocol can do for everyone in the world."
$ADA #CardanoEvolution #charleshoskinson #ADABullish
Cardano, the Layer 1 blockchain founded by Ethereum co-founder Charles Hoskinson, has officially undergone the first stage of its Chang hard fork, becoming the first major blockchain to transition its centralized governance structure to a token-based decentralized governance system.Ā
Over the next 90 days, Cardano will undergo a full transformation to a community-led governance model overseen by an interim committee. At the end of the 90 days, the second stage of the Chang hard fork will activate, fully turning power over to its new governance bodies, which include a constitutional committee, delegate representatives, and staking pool operators.Ā
"The goal of the first stage is to ensure security and continuity during the governance bootstrapping phase, allowing [delegate representatives] to register and campaign for delegation, while developing and ratifying a final constitution by early 2025," Cardano's explanation reads.Ā
While at times Cardano ranked in the top 5 cryptocurrencies by market cap, recent dynamics have been less than favorable for the token, which fell out of the top 10 last month as TRON's TRX token and Telegram's Toncoin have grown.Ā
"When I reflect back at where we started as an ecosystem it was just an idea...we've grown tremendously throughout the years. There've been ups and downs, there's been a lot of disappointments, but now we are here," Hoskinson said in a video posted to X. "Now we are here today...a day where the entire ecosystem, the community, every holder of ADA stands shoulder to shoulder as equals and they all have a say in the future not just of this protocol, but what this protocol can do for everyone in the world."
$ADA #CardanoEvolution #charleshoskinson #ADABullish
Cardano ADA : Potential Breakout Alert !
#CardanoSurCardanoSurge #CardanoEvolution #CardanoPredictions #BinanceSquareFamily #BinanceAppHomepage
#ADAUSDT on Binance is showing a descending wedge pattern on the daily chart, often signalling a bullish continuation. The current price is 0.3392 USDT, and a breakout could push it to 0.7876 USDT, offering a potential 128.23% gain. This pattern suggests a possible reversal from the recent downtrend, marking a significant buying opportunity.
Conclusion :
If the price breaks out with volume, Cardano could start a strong bullish trend, making this a key level to watch.
Advice for Investors :
Monitor for a confirmed breakout with increased volume to capitalize on a potential 128% upside, but always manage risks due to market volatility.
#CardanoSurCardanoSurge #CardanoEvolution #CardanoPredictions #BinanceSquareFamily #BinanceAppHomepage
#ADAUSDT on Binance is showing a descending wedge pattern on the daily chart, often signalling a bullish continuation. The current price is 0.3392 USDT, and a breakout could push it to 0.7876 USDT, offering a potential 128.23% gain. This pattern suggests a possible reversal from the recent downtrend, marking a significant buying opportunity.
Conclusion :
If the price breaks out with volume, Cardano could start a strong bullish trend, making this a key level to watch.
Advice for Investors :
Monitor for a confirmed breakout with increased volume to capitalize on a potential 128% upside, but always manage risks due to market volatility.
š¢$ADA buy and hold big pump soon š
He touched their bearish level now move up very soon please don't miss big opportunity
#ADABullish $ADA #CardanoEvolution
He touched their bearish level now move up very soon please don't miss big opportunity
#ADABullish $ADA #CardanoEvolution
what would you say if I tell you $ADA is gonna take over the crypto industry this bull run.
1. Strong Development Team--Cardano has a highly skilled and experienced development team, led by Charles Hoskinson, one of the co-founders of Ethereum.
2. Scientific Approach--Cardano's development is driven by a scientific approach, with a focus on peer-reviewed research and academic partnerships.
3.Scalability--Cardano's Ouroboros consensus algorithm and Hydra scaling solution aim to provide high scalability and transaction capacity.
4.Smart Contract Platform--Cardano's Plutus platform enables the creation of smart contracts, decentralized applications (dApps), and decentralized finance (DeFi) protocols.
5. Growing Adoption--Cardano is gaining adoption in various industries, such as supply chain management, healthcare, and education.
6.Partnerships--Cardano has established partnerships with governments, institutions, and companies, like the Ethiopian government, to develop blockchain-based solutions.
#changHardFork #ADABullish #BTCā #CardanoEvolution
1. Strong Development Team--Cardano has a highly skilled and experienced development team, led by Charles Hoskinson, one of the co-founders of Ethereum.
2. Scientific Approach--Cardano's development is driven by a scientific approach, with a focus on peer-reviewed research and academic partnerships.
3.Scalability--Cardano's Ouroboros consensus algorithm and Hydra scaling solution aim to provide high scalability and transaction capacity.
4.Smart Contract Platform--Cardano's Plutus platform enables the creation of smart contracts, decentralized applications (dApps), and decentralized finance (DeFi) protocols.
5. Growing Adoption--Cardano is gaining adoption in various industries, such as supply chain management, healthcare, and education.
6.Partnerships--Cardano has established partnerships with governments, institutions, and companies, like the Ethiopian government, to develop blockchain-based solutions.
#changHardFork #ADABullish #BTCā #CardanoEvolution
Several cryptocurrencies on Binance are seeing upward trends in October 2024. Some noteworthy options include:
1. BNB (Binance Coin): As the native token of Binance, BNB is a central player in its ecosystem, offering various utility features, such as fee discounts and participation in token sales. Its value has increased significantly, especially following token burns that reduce supply. BNB is up 180% on a year-on-year basis ļæ¼ ļæ¼.
2. Solana (SOL): Solana is one of the top-performing cryptocurrencies, known for its high transaction speeds and low fees, making it a popular choice for DeFi applications and NFTs. Its price has surged, with a remarkable rise from $8 to nearly $150 ļæ¼ ļæ¼.
3. Cardano (ADA): Cardano, known for its energy-efficient proof-of-stake system and focus on scalability, continues to gain attention as a platform for decentralized applications (dApps). It has been performing well as part of the broader crypto marketās recovery ļæ¼.
If youāre looking to capitalize on the ongoing momentum, these cryptocurrencies are accessible on Binance and show strong growth potential.
#BNBAnalysis #Solana_Blockchain #SolanaUSTD #CardanoEvolution #CardanoPricePrediction
$BNB
$SOL
$ADA
1. BNB (Binance Coin): As the native token of Binance, BNB is a central player in its ecosystem, offering various utility features, such as fee discounts and participation in token sales. Its value has increased significantly, especially following token burns that reduce supply. BNB is up 180% on a year-on-year basis ļæ¼ ļæ¼.
2. Solana (SOL): Solana is one of the top-performing cryptocurrencies, known for its high transaction speeds and low fees, making it a popular choice for DeFi applications and NFTs. Its price has surged, with a remarkable rise from $8 to nearly $150 ļæ¼ ļæ¼.
3. Cardano (ADA): Cardano, known for its energy-efficient proof-of-stake system and focus on scalability, continues to gain attention as a platform for decentralized applications (dApps). It has been performing well as part of the broader crypto marketās recovery ļæ¼.
If youāre looking to capitalize on the ongoing momentum, these cryptocurrencies are accessible on Binance and show strong growth potential.
#BNBAnalysis #Solana_Blockchain #SolanaUSTD #CardanoEvolution #CardanoPricePrediction
$BNB
$SOL
$ADA
Right now IS YOUR OPPORTUNITY BUYYYY NOW
#CryptoNewss #buynow #ADA.ęŗč½ēē„åŗš„š„ #CardanoEvolution $ADA
#CryptoNewss #buynow #ADA.ęŗč½ēē„åŗš„š„ #CardanoEvolution $ADA
šØ Cardano (ADA) Poised for Massive 4,500% Rally to $15! š
Cardano ($ADA ) has entered a crucial third stage of the market cycle, with crypto analyst Remi Benays predicting an explosive 4,500% surge to $15. This could be a huge opportunity for ADA investors as the altcoin gears up for a potential mega pump.
Based on historical patterns, Benays highlighted how Cardano experienced a massive 18,000% gain after the 2020 Bitcoin halving. Now, after a 92% drop in 2023 and a double fake bounce in 2024, he believes $ADA is on track to reach new all-time highs by 2025.
If this forecast holds, Cardanoās market cap could soar to $500B. And there's even talk of an extended rally pushing ADA to $31 by 2026!
More conservative estimates predict ADA could hit between $5 to $10 by 2025, still representing massive gains of over 1,400%.
Current Price: $0.33
Potential Targets: $5, $10, $15+ by 2025
The next few years could be monumental for Cardano! š
#ADA #Cardano #Crypto #CardanoEvolution #BinanceSquareFamily
Based on historical patterns, Benays highlighted how Cardano experienced a massive 18,000% gain after the 2020 Bitcoin halving. Now, after a 92% drop in 2023 and a double fake bounce in 2024, he believes $ADA is on track to reach new all-time highs by 2025.
If this forecast holds, Cardanoās market cap could soar to $500B. And there's even talk of an extended rally pushing ADA to $31 by 2026!
More conservative estimates predict ADA could hit between $5 to $10 by 2025, still representing massive gains of over 1,400%.
Current Price: $0.33
Potential Targets: $5, $10, $15+ by 2025
The next few years could be monumental for Cardano! š
#ADA #Cardano #Crypto #CardanoEvolution #BinanceSquareFamily