All posts by CardanoNews

ALTCOIN NEWS, POLITICS

Donald Trump’s Comments Propel These 2 Coins: What You Need to Know

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Donald Trump at the Bitcoin conference: MAGA and TREMP skyrocketed!

MAGA (TRUMP), the popular meme coin launched as a tribute to Donald Trump, increased by 15%. The altcoin is currently trading at $7.31 with a market capitalisation of $321 million. The meme coin has seen strong gains this year as Trump’s presidential campaign has favoured Bitcoin and the overall crypto market.

In the last month of June, the MAGA (TRUMP) price rose to an all-time high of $17.01. However, it has corrected more than 50% since then. It will be interesting to see if Trump will make any special announcements at the Bitcoin Conference. If so, it could put MAGA on the road to recovery once again and reach an all-time high. Meanwhile, the other Donald Trump-related meme coin TREMP has skyrocketed over 21% and is currently trading at $0.5639.

According to reports earlier this week, Donald Trump has raised more than $4 million in donations to the crypto market. The majority of contributions were made in Bitcoin, Ethereum (ETH), Ripple-related XRP, and USDC, a stablecoin pegged to the US dollar. Notably, over $2.15 million in Bitcoin donations were made by 19 individuals in 12 states. According to the Federal Election Commission filing, the donors’ occupations ranged widely, including housewife, US soldier, missionary, painter, sales representative for a pizza company, and security technician at the State Department.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Will Cardano Storm the Market? Critical Indicators to Watch as ADA Coin Rises

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As the cryptocurrency market experiences another wave of volatility, Cardano (ADA) stands out with promising signs of a potential surge. With the ADA coin price showing upward momentum, investors and enthusiasts are keenly observing several critical indicators that could signal a significant market movement.

Key Indicators to Watch for Cardano (ADA)

  1. Market Sentiment and Volume: One of the primary indicators of ADA’s potential rise is the overall market sentiment and trading volume. An increase in trading volume often reflects growing interest and confidence in the asset. Positive market sentiment, fueled by news and social media buzz, can further drive the price upwards.
  2. Technical Analysis: Technical indicators such as moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) are crucial for predicting price movements. Currently, ADA shows bullish trends in several of these indicators, suggesting a continuation of its upward trajectory.
  3. Development Updates: Cardano’s development team, led by Charles Hoskinson, continuously works on upgrades and new features. The successful implementation of updates like the Alonzo hard fork has boosted investor confidence. Keeping an eye on upcoming development milestones can provide insights into ADA’s future performance.
  4. Partnerships and Adoption: Partnerships with reputable organizations and increased adoption in various sectors can significantly impact ADA’s value. Cardano’s collaborations in the education, agriculture, and financial sectors demonstrate its real-world utility and potential for widespread adoption.
  5. Regulatory Environment: The regulatory landscape for cryptocurrencies is ever-evolving. Positive regulatory news can act as a catalyst for ADA’s price increase, while negative news can have the opposite effect. Staying informed about regulatory developments is essential for predicting market movements.

How to Stay Informed

Staying up-to-date with the latest news and analysis is crucial for anyone interested in Cardano. Here are some tips to ensure you don’t miss out on important updates:

  • Follow Trusted News Sources: Regularly check reputable crypto news websites and forums.
  • Join Community Discussions: Engage in discussions on platforms like Reddit and Twitter to hear diverse perspectives.
  • Use Technical Analysis Tools: Utilize tools and platforms that offer real-time technical analysis and price alerts.

As Cardano (ADA) shows signs of potential growth, monitoring critical indicators such as market sentiment, technical analysis, development updates, partnerships, and regulatory news is essential. While no investment is without risk, staying informed and making data-driven decisions can help navigate the volatile world of cryptocurrencies.

For more updates on Cardano and other cryptocurrencies, stay tuned to our website.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

Avalanche (AVAX) Investor Movement Triggers Avax Rise?

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Avalanche (AVAX) investors are preparing to rise over the next few months, driven by positive developments related to the project. After the price reversal in the last few days, AVAX was hit with a drop of almost 10%. Fortunately for investors, the token found support in the $ 37 price zone.

At the time of publication, AVAX is trading at $37.30 after rising 2% in the last 24 hours. With a market capitalisation of $13.7 billion, the token has successfully made Dogecoin (DOGE) one of the top ten cryptocurrencies on the market. This position is prioritised because it attracts new investors looking to accumulate funds or enter the cryptocurrency market. It is also expected that these coins will benefit from institutional interest and investment once cryptocurrency ETFs are approved.

AVAX bulls are confident of a bullish year based on network development, the broader bullish wave driven by Bitcoin, and the possibility of crypto ETFs being approved. On-chain data shows that 96,140 addresses bought 10.53 million AVAX at an average price of $39.61. Investors expect a rebound as the digital asset shows more support. However, the $40 resistance level may be difficult to break as some investors are looking for profit-taking. On the other hand, 515,630 investors bought 10.53 million AVAX at a high price of $34.43 and can hold them. While $40 and $45 targets are in sight, the long-term target is currently $50.

Currently, the price of AVAX has reached an all-time high of $ 144, which it reached about 2 years ago. At current prices, the token is down about 144%, but investors hope to reach and surpass the current ATH by the end of the year.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

BlackRock Announced the Date BlackRock is Waiting for Approval for Bitcoin Spot ETFs

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Cryptocurrency Journalist Charles Gasparino Announced the Date BlackRock is Waiting for Approval for Bitcoin Spot ETFs. According to Charles Gasparino’s sources, BlackRock, the world’s largest money management firm, is awaiting approval from the Securities and Exchange Commission (SEC) for its new Bitcoin spot ETF on Wednesday.

According to Charles Gasparino, other companies are also awaiting approval on the same day. Wednesday is already known as the SEC’s final decision-making date, and BlackRock sources have thus stated that they do not expect an approval before the deadline.

The news came amid reports of impending layoffs within the company. BlackRock plans to announce layoffs in the coming days that will affect about 3 percent of its global workforce, about 600 employees. According to a source familiar with the matter, these layoffs, which have not yet been reported, are considered routine within the company. Last year, BlackRock conducted a similar round of layoffs based on employee performance metrics.

BlackRock ended the third quarter of 2023 with $9 trillion in assets under management (AUM). However, the company has experienced significant asset declines since reaching a peak of over $10 trillion in 2022 due to volatile financial markets.

Source: bitcoinsistemi

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Google’s Artificial Intelligence Cardano (ADA) Price Prediction

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According to Bard’s assessment, key factors that could influence Cardano’s price in the coming months include historical trends, community strength and development efforts.

Google Bard’s price forecasts for Cardano range widely, from a cautious $0.4242 to a more optimistic $0.90. This wide range reflects the typical volatility of the crypto market, giving investors the chance to be prepared for different scenarios. However, the wide range emphasises the uncertainty and volatility of the market.

Historical Trends: Past performance can provide clues about the future performance of an asset. ADA’s strong performance during bull markets could have a similar positive impact in the future. Cardano’s history of outperforming the general trend of the cryptocurrency market could send a positive signal to investors.

Community Strength: Cardano has a large and active community of supporters with a long-term vision. This community can support the price by ensuring the sustainability of the project. Especially in uncertain times, a strong community can provide protection against market volatility, which can positively affect Cardano’s price.

Development Efforts: The Cardano team has enhanced the network by making significant updates in conjunction with the Vasil hard fork in September 2022. Ongoing development efforts led by Charles Hoskinson, leader of the Input-Output Global (IOG) team, may increase Cardano’s technical capabilities and overall appeal. These efforts could increase the network’s user base and developer interest, leading to potential price increases.

However, it is worth noting that Bard’s predictions are not guaranteed to materialise. The crypto market still contains many uncertainties and prices are determined by the interaction of a number of complex factors.

Source: koinfinans

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

1.2 Million Dollars of Bitcoin Sent to Satoshi Nakamoto’s Wallet.

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An unknown Bitcoin user sent 27 Bitcoins worth $ 1.2 million to Satoshi Nakamoto’s Genesis wallet. The Genesis wallet in question draws attention as the first wallet created in the Bitcoin network.

It is stated that the person who made the transfer due to the fact that the wallet is not in use cannot get the money back. The majority of the funds sent to Satoshi’s wallet were sent by a Binance user. Coinbase manager Conor Grogan made the following statements on Twitter: “Either Satoshi woke up and bought 27 Bitcoins from Binance, or someone burned a million dollars of money.”

The Genesis wallet is the first wallet created on the Bitcoin network. It was produced by Bitcoin creator Satoshi Nakamoto. Since Satoshi has never used his wallet and has never revealed his true identity, it is thought that the funds will not be returned.

Source: koinbulteni

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS, VIDEO

Cardano Co-Founder Questions Bitcoin’s Governance

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In an interview yesterday, Cardano and Ethereum co-founder Charles Hoskinson expressed concerns about Bitcoin’s governance model and limitations in development.

The discussion, organized by crypto YouTuber Coin Bureau, offered insights into the contrasting governance models between Cardano and Bitcoin.

The concept of governance on blockchain platforms is gaining more and more attention as the industry matures. Governance mechanisms dictate how decisions are made and implemented in a blockchain ecosystem and directly impact the adaptability and long-term viability of that ecosystem.

During the interview, Hoskinson pointed out that the governance approach is one of the key differences between Cardano and Bitcoin. Noting Bitcoin’s “inability to upgrade”, he stated: “Bitcoin’s lack of governance has held it back in many ways. update.”

Hoskinson cited specific examples where Bitcoin governance led to missed developmental milestones. For example, he mentioned Bitcoin’s failure to implement colored coins and sidechains.

Colored coins are a concept that involves tagging certain Bitcoin transactions to represent ownership of external assets and are often referred to as the early precursor to modern Non-Fungible Tokens (NFTs), while sidechains are separate blockchain ledgers that run in parallel to a primary blockchain, allowing asset transfer and different rule sets without affecting the main network.

According to him, these are examples of missed opportunities resulting from the current developer structure of cryptocurrency.

Source: https://cryptonews.com/

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

Solana’s important partnership in Dubai

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The Solana Foundation has become an ecosystem partner of the Dubai Multi Commodities Centre (DMCC), one of the free economic zones in the United Arab Emirates.

According to a statement from Solana, the blockchain platform will provide technical and business development support to DMCC Crypto Centre members. The company will provide seminars and training courses on various Web3 topics. It will expand the grant programme already operating at the DMCC.

Ahmed Bin Sulayem, CEO of the centre, stated that Solana’s existing partners will be privileged at DMCC. Bin Sulayem said, “While Solana provides free installation and operating licences for ecosystem projects, our members will have access to the world-class blockchain platform and Solana engineering teams.”

DMCC’s list of ecosystem partners includes companies recognised in the crypto industry such as Bybit, DWF Labs, TDeFi, Brinc. It is stated that 23 thousand companies are members of the centre. Together with Abu Dhabi Global Market and Dubai Silicon Oasis Authority, DMCC is one of the first three economic free zones established in the UAE to improve the investment environment. This trio will soon be joined by Ras Al Khaimah Digital Assets Oasis.

Source: btchaber.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano formed a bullish pattern

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Daily chart analysis for ADA reveals that its price has been falling since reaching an annual peak of $0.46 in April. This decline reached its lowest point on 10 June at $ 0.22. After this decline, Cardano’s price experienced a recovery. It formed a long lower wick (black icon) and confirmed the $0.24 level as a support zone.

ADA then revisited the $0.24 support area twice, on 17 August and 11 September (green icons). This formed a triple bottom pattern, which is typically seen as bullish. Despite this bullish pattern, ADA has not yet made an upward movement.

In the news, Cardano founder Charles Hoskinson expressed his shock at Sam Bankman-Fried’s unfair coverage in the media. More specifically, he said, “The Bernie Madoff of my generation is being released by the media.”

Mr Hoskinson also introduced a new privacy-focused sidechain called Midnight Protocol. Its three core visions are based on Freedom of Association, Trade and Expression, leading to the acronym ACE. The daily Relative Strength Index (RSI) indicates that the trend is bullish. Traders use RSI as a momentum indicator to gauge whether a market is overbought or oversold, helping them decide whether to buy or sell assets.

During an uptrend, an RSI value above 50 indicates that bulls are in favour, while below 50 indicates that bears are at work. In particular, the RSI showed a significant bullish divergence (green line) during the formation of the triple bottom pattern.

This divergence occurs when an increase in momentum is accompanied by a decrease in price and usually signals a reversal towards the uptrend.

Source: kriptoparahaber.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano Co-Founder Charles Hoskinson: “Crypto Never Goes To Zero”

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“Crypto never goes to zero, at this point we are a religion,” said Cardano co-founder Charles Hoskinson. Hoskinson made these remarks at the Financial Times Crypto and Digital Assets Summit: Winter Edition on Monday, November 28.

“Crypto is the only solution where everyone is truly, truly equal,” Hoskinson added. Regarding the financial system, he said, “it hasn’t changed at all in the last 100 years.”

As of November 30 at 13:18 GMT, ADA is trading at $0.314, up 1.19% from the previous day, according to CoinMarketCap. Hoskinson also said that despite being a co-founder of ADA, he is “confident that Cardano will come after me.”

Citing examples like Walt Disney and Steve Jobs, he asked whether the company they represented ceased to exist when both men died. With the answer being “no”, both Disney and Apple are still active.

“We’re still talking about that,” Hoskinson replied when asked if ADA had dropped by 90% compared to September 2021. He added that it has gone through six crypto bear markets.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.