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CATEGORY: vasil upgrade


Sep 22, 2022 12:30

Cardano (ADA) All Set for Its Vasil Upgrade

IOHK group along with the Cardano foundation will deploy the Vasil on Sept 22nd. The upgrade is a tribute to

Sep 12, 2022 04:45

Cardano On White House Crosshair Can Push ADA Up This Route

The recent White House announcement has placed the spotlight on Cardano as the leading Proof-of-Stake blockchain that’s currently on the market. This recent news follows the announcement of the Vasil upgrade which aims to improve usability and scalability.  A simple Twitter search of ADA will result with tweets of happy and confident traders and investors.  “Here is the White House energy report showcasing #Cardano as the largest proof of stake blockchain in the world. Probably something,” said Dan Gombardello in a recent tweet.  Chart: TradingView.com At the day of the announcement, ADA’s price went up 7.43 percent with a high of $0.5243 before stabilizing at the range $0.5215 to $0.4992.  Using the regression trend tool, we can clearly see an uptrend forming even several days before the White House announcement. This uptrend formed clearly after the recent crash in the early half of August. Chart: TradingView.com Cardano Gets Some Lift From White House Announcement During this crash, the coin experienced a 25.18 percent drop in price. It continued stabilizing at the $0.4354 support line. Trade volumes have also risen since the announcement at 3.63 million.  This solid but slow uptrend coupled by the announcement further solidified confidence in the coin. Trade indicators also point to buy signals as the price further stabilizes at the 50% percent Fib level which sits at the $0.4992 range. The bulls have also tested the 38.20 Fib level which sat at $0.5219 range.  If the uptrend continues, investing in ADA will be very beneficial to traders and investors. As of this writing, the CCI 80.20 level says a lot about the investors and traders. This means that confidence in the coin might not be very high, but it is stable. Stoch RSI also points to a rising buy signal. Just like the CCI indicator, it means investor sentiment is slowly rising.  Related Reading: XRP Bulls Charge Hard To Pull Prices Up Past $0.34 After A Dismal August ADA Poised For A Bullish Run With the Vasil upgrade around the corner and the White House placing Cardano as the top PoS blockchain, it might place ADA on a slow, bullish run.  But if the price falls because of a variety of reasons, the crucial support at the 78.60 Fib level should not be broken. This line has been the support range that backed the slow uptrend in the past few weeks. If this is broken, this can reverse ADA’s upward price movement.  The next few days will determine if the gathering storm of the bulls will further push the price up.  Related Reading: Ethereum (ETH) Price Tries To Breach $1,800 Resistance, Guns For $2,000 ADA total market cap at $17.3 billion on the daily chart | Source: TradingView.com Featured image from E&E News, Chart from TradingView.com

Sep 10, 2022 12:30

Cardano (ADA) Builders Released New Version of Daedalus Wallet

Cardano’s new version of the Daedalus wallet would remove older Daedalus executables. Cardano (ADA) has price surged by more than

Jul 04, 2022 12:30

Cardano’s Anticipated Vasil Hard Fork Finally Live

Vasil upgrade is part of the “Basho” phase of the Cardano roadmap. Vasil will update Cardano’s core smart contract programming

Is Cardano ready for a go at $1? June's hard fork FOMO lifts ADA price to weekly highs

Author: Cointelegraph By Yashu Gola
United States
Jun 06, 2022 04:50

Is Cardano ready for a go at $1? June's hard fork FOMO lifts ADA price to weekly highs

Cardano's previous hard forks sparked massive ADA price rallies. Will this time be different?

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