Tag: Cardano

  • Why is Cardano (ADA) Trending?

    Another redesign on Cardano has seen the organization’s block size increment by 10%, according to designers recently.

    Before the end of the week, an update proposition was made to build Cardano mainnet block size by 8K said Cardano advancement firm Input Output in a tweet. The ongoing block size is 80KB, and after this change, it will be 88KB.

    Blocks are groups of transactions that are affirmed and recorded on a blockchain. Bigger sizes mean more exchanges can be remembered for each clump, yet it can influence exchange times and generally network limit.

    Input Output said the 10% increment in block size organization would assist with expanding information throughput and adaptability. The exhibition of decentralized applications, or administrations that depend on savvy contracts, on Cardano is furthermore expected to move along.

    Input Output added it would screen network execution and conduct intently throughout the following five days to decide the following required expansion in block size. The past increment came before in February when block sizes extended from 72KB to 80KB at that point.

    The progression comes in front of Cardano’s possible Basho redesign, which would present sidechains on the organization. Sidechains are different blockchain networks that interface with another blockchain – called a parent blockchain or mainnet – by means of a two-way stake.

    In the meantime, the key improvement did close to nothing to cushion the costs of Cardano’s ADA tokens in the midst of a declining feeling in the more extensive crypto market.

    Costs of ADA fell 8.3% in the beyond 24 hours, probably the greatest failure among significant tokens, as bitcoin (BTC) lost help at $40,000 and drooped to the $38,000 level. ADA exchanged around the $0.90 blemish on Tuesday yet declined forcefully to the $0.82 level on Wednesday morning before marginally recuperating at press time.

  • ADALend – New Lending Platform on Cardano (ADA)

    ADALend – New Lending Platform on Cardano (ADA)

    While digital forms of money and blockchain innovation are as yet in their early stages, they are quickly acquiring footing, with organizations embracing this new, imaginative, and problematic innovation that is changing numerous businesses, including the monetary area.

    The loaning business is today a multibillion-dollar industry, with banks and other monetary associations giving advances to people and organizations the same; yet, it has been tormented by worries of trust and straightforwardness. On account of the decentralized idea of blockchain innovation, another age of financing stages has arisen, for example, ADALend, which expects to handle these issues by giving a straightforward and trustless stage for the two banks and borrowers.

    The Cardano blockchain is the establishment for ADALend, a decentralized loaning framework. The venture’s motivation is to make a decentralized, less expensive, and quicker loaning stage than the conventional financial framework, with a long haul and stable foundation equipped for taking care of enormous scope credit tasks.

    ADALend is utilizing the most exceptional innovation and the most proficient blockchain open to convey its items and administrations, a model that other DeFi tasks will continue in the future to oversee development, extension, and reception as a standard other option.

    The organization was made by a gathering who needed to perceive how blockchain innovation might be utilized in the financial area. Rather than going to conventional banks, the designers will furnish individuals all around the world with admittance to monetary things readily available by fostering a trustless and totally decentralized loaning climate.

    ADALend’s IDO

    On March eleventh, 2022, ADALend, a decentralized loaning stage, will make a big appearance its IDO. On the accompanying launchpads, the IDO will be open for support:

    • ADAPad
    • BSCPad
    • VelasPad
    • PulsePad \sETHPad

    With the effective send-off of its IDO, ADALend is continuing on to the following period of its mean to make a more comprehensive and open decentralized loaning climate. As new elements are added, the stage will keep on growing; keep awake to date by following ADALend to become familiar with the following guide and expected future turns of events.

    The loaning business is worth billions of dollars. Decentralized loan specialists can catch this cash, however, a couple of stages have steered critical moves toward this path up until this point. ADALend has decided to situate itself as a forerunner in this new monetary area worldview that is right now being understood, among numerous who have.

  • Cardano  (ADA) Coin – To Show Bullish Move soon?

    ADA is one of the most bullish coins right now. The chart looks primed for a boost upwards. Starting from the weekly time frame, the price has been bearish as the change of structure has been already observed and a potential head and shoulder pattern is being formed. Right now the right shoulder is what we can anticipate and by that, the bias is almost bullish to some extent. This pullback can reach almost a price of $1.923.

    Now why this level? If the chart is observed on the weekly Time frame, there is an unmitigated order block which on Lower time frame also consists of a hidden Supply Zone that can drive the price of ADA to it and from there a potential reaction can be anticipated. Moving down to the daily Time Frame the price has many other confluences which can drive the price upwards.

    ADA - 1D

    Confluences  – Cardano (ADA)

    First, there was an impulsive move to the downside and as about the market cycles, after very impulsive moves, a correction is observed. Right now, the price of ADA is kind of lost its momentum and is doing Descending correction which is a sign of reversal. This potentially shows that the price can bounce upwards. Adding into that, as BTC has a very high influence on every other coin, and as BTC showing signs of bullishness as well, it’s very likely that this ADA alt can bounce upwards. Now as this situation is very clear, then it’s very likely that many people would be looking for buys, so it’s very likely that price might do some sort of manipulation. So right now the channel in which price is forming right now, the price might spike downside, and then after taking out most of the stop losses sitting behind this pattern.

    Possible Reaction Points

    After taking out that liquidity, the price of ADA may get the necessary fuel, which can potentially result in an impulsive move to the upside. Now the liquidity move can end around $0.908 from where if price shows some bullish evidence, which are structure shifts on lower Time Frame, then possible longs can be taken till the level mentioned above. Now once the price starts heading upside, there are several levels from where price might show some reversal so it’s important to have mid Take Profits. The good ones can be considered around $1.258 as there’s a Bearish Breaker Block while one more can be considered around $1.456 where a bearish Order Block is sitting from where the price might react.

  • Cardano (ADA) – On the Move?

    At the time of writing this article, ADA, the native token of the Cardano network, has a value of $1.72 (9.53% increase today) with a trading volume of $2,504,946,661 with an increase of about 45.51% over the past 24 hours. It has been of the top gainers today among the top 100 cryptocurrencies.

    ADA is listed on coinmarketcap in 6th place. It has a market dominance of about 2.23%. ADA had created its all-time high around the price of $3.10 in September 2021.  During the crash, the price dropped down to a level of $0.9 from where it showed reversal. It wasn’t long before it went on to create a new all-time high.

    The maximum supply of ADA is around 45B while the current circulating supply is around 33.31B coins.

    Technical Analysis – Cardano (ADA)

    Before the launch of their smart contract, ADA was creating its all-time high. After that, the price started to fall. It can be clearly seen that the price was following a trend line and it was dropping down. Soon after the price broke the trend line after getting rejected two times before.

    After breaking it, the price went into the accumulation phase. The candle that brought the price out of the trend line had an imbalance present. The price wicked down to mitigate the level and then it shot upwards. On the 4H time frame, we can see that the candles are momentous.

    ADA - 4H

    The point of interest is the level from where the price first got rejected before breaking out of the trend line. It can be expected for the price to get rejected again and drop down to full fill the imbalance. After that, we can expect the price to move upwards and long positions can be taken depending on the lower time frame confirmations. Invalidation would be price stabilizing above $1.7 and then we can expect the price to touch the daily order block.

    Price Prediction – Cardano

    The coin also seems to have a good future. Cardano has also launched their smart contracts in September and it wouldn’t be long before ADA becomes mainstream and dApps are made. It shows that it can go massive in the future. According to the wallet investor, it is expected to reach the value of $3.70 in a year. For five years, the price is expected to reach a value of $12.097.

  • Cardano (ADA) coin price prediction towards

    Cardano (ADA) coin price prediction towards $3

    Cardano (ADA) had turned bullish amidst the bearish market earlier; however, the bullish momentum could not last for the cryptocurrency and it, too, succumbed to the pull of the bears. At the time of writing, Cardano stands at a price of $1.27. The price has fallen slightly in the past twenty-four hours while the trading volume has increased by more than 40%.

    Cardano (ADA) Technical Analysis

    The market sentiment for Cardano is bearish as the cryptocurrency is moving downhill. Out of the total twenty-six technical indicators, fourteen are standing at a position of sell, and nine are giving out an indication of neutral while only three indicators are bullish.

    Cardano (ADA) Technical Analysis
    Cardano (ADA) Technical Analysis

    Cardano (ADA) is operating in a descending channel formation ever since the establishment of the all-time high during May. Cardano had been overtaken by bearish momentum and the boundaries of the channel formation had been acting as strong support and resistance. Currently, the cryptocurrency can be observed moving towards the upward boundary – the strong resistance level. The recent upward move may be indicative of an end to the bearish pressures in the market. If the ADA coin is able to break the strong resistance at the upper boundary, good things can be expected from it in the future.

    Price predictions for the Ethereum-Killer

    Cardano has been dubbed as the “Ethereum-Killer” because of the resemblances it bears with the queen of the market. Both the projects are focused of smart contracts and decentralized apps. However, Cardano has a unique research-driven approach to design and integrated academia in making blockchain technology relevant. Cardano’s Proof-of-Stake mechanism also puts it at an advantage when compared to Ethereum and it offers much lower transaction fees.

    According to the estimates of Wallet Investor, the Cardano coin will be operating at a price level of $3.18 in a year’s time while the 5-year forecast places the cryptocurrency at a price of $10.45. Digital Coin Price predicts Cardano to end the year at a price level of $1.84 and reach $5.53 by 2028.

  • Cardano (ADA) coin price prediction 2021

    Cardano (ADA) coin price prediction 2021

    Cardano (ADA) is on a bearish turn. The cryptocurrency has been trending downwards since early June. In the twenty-four-hour timeframe too, ADA coin started off from $1.349 and is standing at a price level of $1.31 at the time of writing. The price movements of ADA coin reveal a minor upside movement as well while the daily trading volume has dropped by nearly 30%.

    Cardano (ADA) technical analysis

    The market sentiment for ADA crypto remains strongly bearish with a majority of the technical indicators giving out a signal of sell. Out of the twenty-six technical indicators, eleven are giving out a signal of sell, ten stand at a neutral position while give indicators suggest a buy. The oscillators are neutral while the moving averages are bearish.

    Cardano (ADA) technical analysis
    Cardano (ADA) technical analysis

    The bears have gripped the ADA market and the crypto market, in general. A trader has identified a downward trajectory for ADA coin. Cardano is expected to continue declining in 2021 until it reaches an ascending support line. The intersection is expected to occur at a price level of $0.59. Hence, the cryptocurrency may fall below $1 and much lower if it does not establish strong support.

    The year is going to be decisive for Cardano as there is a possibility of dropping below major support levels. While the technicals suggest bearish divergence in the market, price prediction websites continue to display a bullish prediction for Cardano. Wallet Investor forecasts the price of Cardano to be at $3.23 in a year’s time.

    Cardano’s integration with Orion

    IOHK, the firm behind Cardano, has entered into a strategic partnership with the trading platform Orion. Orion has announced to integrate Cardano into trading terminal – allowing Cardano users to trade assets on the platform. The aim of the partnership is to increasing the transaction volume of Cardano’s blockchain and further its development.

  • Cardano (ADA)’s “weird cult” status and potential price target at

    Cardano (ADA)’s “weird cult” status and potential price target at $5

    Cardano (ADA) has been consolidating ever since the low of the market crash was established. The price movements have been indecisive so far with no trend being established, At the time of writing, Cardano (ADA) stands at a price level of $1.58. The price has been increasing in the daily timeframe while the daily trading volume has been falling.

    Cardano (ADA) Technical Analysis

    The market sentiment for cryptocurrency is bullish. Out of the total twenty-six technical indicators, ten are giving out a buy signal, nine are standing at a neutral position while seven indicators are giving out a sell signal. The oscillators are neutral while the moving averages are suggesting an uptrend in the daily timeframe.

    Cardano (ADA) Technical Analysis
    Cardano (ADA) technical analysis

    Cardano (ADA) has been established a horizontal resistance as strong support. The cryptocurrency has been somewhat stable in the region ever since. With highly erratic price movements, Cardano is expected to soon pick up the bullish momentum and reach toward higher highs. A trader’s analysis has identified the price level of $5 as a possible long-term target. Digital Coin Price’s forecast show that the cryptocurrency may reach $5 2026.

    What can cause price fluctuations of Cardano (ADA)?

    High profile figures have been vocal about the cryptocurrency – some in a positive note while others not so much. Ethereum co-founder Anthony Di Lorio is bullish on two cryptocurrencies right now – Cardano and Polkadot. Di Lorio revealed in an interview that he has a good investment in Cardano and Polkadot. The reason behind the bullishness of these cryptocurrencies is the co-founder’s believe in the team managing the projects. Di Lorio thinks both the projects are being managed by goal-oriented people who will help these projects excel.

     

    On the other hand, billionaire Mike Novogratz thinks Cardano is a “weird cult”.Novogratz had quite a few negative things to say about Cardano in a conversation with Yahoo Finance. The billionaire is shocked by the overvaluation of Cardano. Cardano co-founder Charles Hoskinson regarded the billionaire as just being bitter because of the lack of a good entry point for him.

  • Cardano (ADA) coin – Going towards .40?

    Cardano (ADA) coin – Going towards $2.40?

    Cardano (ADA) has been increasingly volatile ever since the market crash. The cryptocurrency has been suffering from strong impulsive moves and pullbacks – yet to establish an up or downtrend. At the time of writing, Cardano (ADA) stands at $1.70. The price has increased only slightly in the past twenty-four hours while the daily trading volume has dropped by 30%. In the weekly timeframe, ADA coin has increased by 5%.

    Cardano (ADA) Technical Analysis

    The market sentiment for the fifth largest cryptocurrency is bullish overall. Out of the total twenty-six technical indicators, fifteen are giving out a buy signal while nine stand at a neutral indication with only two sell signals. The oscillators are neutral while the moving averages suggest a strong uptrend in the daily timeframe.

    Cardano (ADA) Technical Analysis
    Cardano (ADA) Technical Analysis

    Cardano crypto has been identified to be operating on an ascending trendline. ADA crypto is also under the formation of a coherent wave count – as identified by a trader’s analysis. Per the analysis, ADA coin is to continue its upward move into June where it can experience a strong pullback towards the upward trendline. However, the price level of $1.86 is a strong support level for the cryptocurrency and the trader expects ADA to stabilize in the region and regain bullish momentum. If the analysis plays out, ADA crypto can try to reach towards the price target of $2.41.

    Can Cardano go up to $2.40?

    The recent market crash has caused investors to panic. However, CoinShares – the digital asset manager – has revealed in a report that Cardano has been institutional favorite altcoin. The cryptocurrency has received an investment inflow of $5.2 million last week – making it one of the few favorites of investors at the moment. The total asset under the management of Cardano is at $27 million. The increasing institutional interest in Cardano hints towards increased bullish momentum for the cryptocurrency.

  • Cardano (ADA) – Strong resistance ahead

    Cardano (ADA) – Strong resistance ahead

    Cardano (ADA) peaked at $2.46 in the 2021 bull run. The cryptocurrency subsequently fell to a low of $1.03 in the market corrections. The price movements of the ADA coin had been highly volatile ever since as a stable zone is to be yet identified. Cardano had been trying to reach upwards but its trajectory is being hindered by a strong resistance it is facing. At the time of writing, ADA crypto stands at a price level of $1.74. The price had been slightly declining the past twenty-four hours while the daily trading volume has increased by 30%.

    Cardano (ADA) Technical Analysis

    The market sentiment for Cardano coin is bullish. Out of the total twenty-six technical indicators, fourteen are giving out a signal of buy while nine are standing at a neutral position with just three indications of sell. The oscillators are neutral while the moving averages suggest a strong uptrend.

    Cardano (ADA) Technical Analysis
    Cardano (ADA) Technical Analysis

    Cardano has been identified to be facing strong resistance.  The price level of $1.83 is acting as a major resistance level and the ADA coin has suffered multiple rejections at the resistance level. ADA crypto also has established the $1.31 price level as a strong support level and it had been oscillating between the two levels. Cardano coin has shown bearish divergence in the recent timeframes which may indicate that the cryptocurrency will be testing the support zone once again. However, in the longer timeframes, ADA crypto is expected to break the resistance level and reach towards its all-time high price of $2.46.

    Cardano’s first cross-chain bridge

    Cardano has announced to launch its first cross-chain bridge in six weeks. The bridge will connect Cardano’s blockchain with the Nervos network – increasing their interoperability. This will be a hallmark moment for Cardano as this is the first bridge to be launched. The bridge will link both the networks allowing users to interchangeably use the native tokens of the networks – reducing transaction cost and increasing efficiency.

    The hallmark moment for Cardano will definitely result in increased bullish momentum for ADA crypto. The success of the bridge will also open new avenues of success for the blockchain.

  • Cardano (ADA) and why it has potential

    Cardano (ADA) and why it has potential

    Cardano (ADA) established its all-time high at $2.46. The cryptocurrency fell towards $1.06 – succumbing to the bearish pressures in the market but it has picked up the momentum once again. At the time of writing, Cardano stands at a price level of $1.67. ADA coin is on an uptrend with the price increasing in the past twenty-four hours. The trading volume has, however, declined by 40%.

    What is Cardano and why does it have potential?

    Cardano is a proof-of-stake blockchain with the aim to empower leaders to bring a positive change in the world utilizing its smart contract and decentralized app technology. Cardano was founded by Charles Hoskinson who was also one of the co-founders of Ethereum which is why the cryptocurrency is in direct competition with Ethereum – the queen of the market.

    Three reasons why Cardano (ADA) is better than Ethereum

    Charles Hoskinson, in a recent interview to Yahoo Finance, heavily criticized Ethereum. The Cardano co-founder has listed three reasons why he thinks his network is much better than Ethereum. Per the founder, Ethereum does not have any real capabilities. Hoskinson commented that mere employment of smart contracts is not enough as Ethereum does. Cardano’s smart contracts can be employed with inculcating governance and compliance.

    Secondly, Cardano’s aim is to empower the poor people through financial inclusion and the likes. And Lastly, Hoskinson’s think Ethereum’s structure is vague and confusing. The new ETH2.0 upgrade “will kill ETH1.0”.

    Cardano (ADA) in Africa

    A part of its goal to focus more on the poorer segment, Cardano has been heavily involved in regions like Tanzania, Ethiopia and Georgia. This is also something that sets apart the network from others. Working with the education ministry in Ethiopia, Cardano is developing a blockchain-based ID system for educators and students. In Tanzania, the network has partnered up with World Mobile to create financial acceptance in communities.