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CARDANO NEWS

Three releases Cardano is expected to make in 2023

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After Vasil’s long-awaited update to the Cardano (ADA) platform last year, supporters of the proof-of-stake blockchain are eagerly awaiting three key releases that are expected to come to fruition in 2023.

These are set to cover stablecoins, Cardano’s scalability issues, and the platform’s ongoing oracle development. As of January 6 at 11:44 GMT, ADA was trading at $0.27, up 1.68% from the previous day, according to CoinMarketCap.

Two stablecoins are expected to be launched in the coming months – the USD-backed stablecoin USDA and the over-collateralized stablecoin djed (DJED), U.Today reports. Emurgo, the commercial arm and co-founder of the Cardano blockchain, announced in November 2022 that the USDA will launch on the Anzens platform in the first quarter of 2023.

More recently, it was revealed that the waiting list went public on Dec. 28 to learn more about the USDA.

Unlike the USDA, which will maintain its parity using fiat assets, DJED will maintain its anchor through Cardano’s smart contracts and base currency reserve. Coti announced it was re-enabling the public testnet for DJED in early December 2022, and more recently said it will launch in January 2023.

Hydra
For some time now, Cardano has been preparing for Hydra – Cardano’s Layer 2 scalability solution that aims to increase “transaction speed through low latency and high throughput also offering minimised transaction cost”.

Hydra Head is the first member of the Hydra family protocol. Each Hydra Head, according to the Cardano platform, “works as an off-chain mini ledger shared between a small group of participants. Developers can use Hydra Heads to add specialized, complex protocols on top of Cardano”. The whitepaper for Hydra was released in March 2020 and it is seen as an important development for 2023.

Oracles
In the wake of last year’s launch of Charli3 – the Cardano blockchain’s first decentralized oracle network – there is a further expectation of more to come concerning oracles – which allow on-chain and off-chain data to connect.

source: capital

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 liquidation data shows interest in the token waning!

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Cardano (ADA), Cardano prices can be said to be consolidated. The daily loss is negligible as Cardano posted 2.34% growth from week-to-date. According to data from CoinGlass, it seems that the interest of investors who invest in Cardano for the long term has waned. According to liquidation data, Cardano has been subject to liquidation of 716 thousand ADA tokens worth approximately $253,000 at the time of this writing.

The liquidation data was for a 12-hour period, and when expanded further, it will appear that Cardano has fewer long positions compared to other profiled altcoins. While it can be assumed that asset liquidation is not good news for investors, it can gauge how optimistic investors are that the ADA price will continue to appreciate in the medium to long term.

Cardano network growth
Cardano is a strategically growing Layer 1 proof-of-stake (PoS) blockchain network with a number of development efforts to grow the protocol. Among a few initiatives is the Hydra scaling tool, which is currently being worked on and is positioned to help increase the throughput of transactions on the blockchain.

ADA is poised to benefit from targeted protocol upgrades in the near future, as increasing innovations in the network will increase the demand for digital currency, which will increase its value over time.

Although Cardano has been limited in terms of network growth lately, it is experiencing significant whale actions that show the transactional outlook is solid and could contribute to the upcoming price surge.

source: u.today

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, POLITICS

Novogratz Statement: It’s Time to Buy Gold and Bitcoin

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Billionaire investor Novogratz said in a statement that now is the time to buy Bitcoin. After the problems with the banks, positive opinions continue to increase with Bitcoin.

Michael Novogratz, founder and CEO of Galaxy Digital, stated that the USA is heading towards a credit crisis and said, “Now is the time to buy gold, silver and Bitcoin.” Novogratz made assessments on the global economy in his statements to CNBC. “We will have a credit crisis in the US and globally,” Novogratz said. Stating that banks are rebuilding capital by lending less, Novogratz emphasized that it is likely that the interest policy will be reversed. He said that a dovish increase by the Fed would be a major policy mistake.

The banking crisis in the USA started with the bankruptcy of Silicon Valley Bank (SVB). Following SVB, Signature Bank also joined the list. Before the two banks, it was announced that Silvergate Bank would be liquidated. It is stated that First Republic Bank is also at risk of bankruptcy. On the other hand, there are problems originating from Credit Suisse in Europe. Bitcoin was withdrawn to $19,500 as an initial reaction to SVB’s bankruptcy. With the statements of US institutions, the decline in interest rate expectations and the positive inflation figures, Bitcoin rose to $ 26,500.

Source: Cointelegraph

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

Dogecoin rose 25% in 7 days. DOGE rise will continue

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While the crisis continues in cryptocurrencies, Dogecoin has been on the rise for a few days. The reason for the rise is of course Elon Musk again. SpaceX founder and Tesla (NASDAQ: TSLA) CEO Elon Musk announced the “DOGE-1 Moon Mission” in May 2021, but the launch was delayed. According to the information we have learned, the countdown has begun for the launch of SpaceX Falcon 9 with DOGE-1 and IM-1/NOVA-C lunar payloads, which will take off from Kennedy Space Center in Florida on January 14, 2023.

Solana leads the top 100, jumping 9% in 24 hours. Dogecoin November 25, Elon Musk told his 700,000 followers of crypto podcast host David Gokhshtein that Ethereum (ETH) co-founder Vitalik Buterin and the new Twitter (NYSE: TWTR) CEO will be working together soon. The altcoin has gained over 8% in 24 hours.

If the launch of the DOGE-1 lunar satellite goes as planned, it could cause Dogecoin to hit record highs, even surpassing its all-time high in May 2021.

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

Thomas Lee Reminded the Bitcoin Rise Forecast Again

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There are many different opinions regarding the Bitcoin price. Thomas Lee also reminded his prediction about BTC and stated that he will stick to the $ 200 thousand Bitcoin price prediction even if the current market is negative. We hope Thomas Lee is right, but when?

When there was a big bull season in 2021, Bitcoin reached up to $ 69,000. But Bitcoin did not stay long at $ 69,000. So, will a big bull season come again, and if it will, when will it come? The answer we’ve all been waiting for.

Leading Wall Street strategist Thomas Lee, co-founder of Fundstrat Global Advisors, thinks the cryptocurrency will eventually make a comeback.

source: coingape

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 ADA Finally Breaks The Downtrend

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On November 25, Cardano ADA also ended its two-week downtrend and excited ADA lovers as its bullish resumption started. will confirm its resurrection. A rally of 18% could potentially begin right after.

However, if the ADA price does not drop below the support at $0.30, it could be bullish. If he maintains his position, it can turn into a nice rally in the coming days. ADA investors, however, need to be cautious due to month-end volatility. Be sure to follow the graphics and news. Negative news in the coin market is likely to trigger coin drops.

The ADA price action between November 11 and 25 shows that a trendline can be drawn connecting the four lower highs formed during the same period. But on November 26, ADA saw a spike in selling pressure. This put it above the trendline mentioned above.

Supporting this bullish move for Cardano ADA price is the 30-day MVRV pattern, which is hovering around 8% after bouncing from a 14% low.

This index is used to determine the average profit/loss of investors who bought ADA in the last month. According to Santiment’s research, a value between -10% and 25% is an ideal place for recovery rallies to start.

Any drop in this on-chain metric from 11.3% to 28.3% over the past four months has resulted in a bottom formation. While past results are not indicative of future results, investors need to be careful with this strategy. Because this can trigger an uptrend.

While things are getting better for Cardano ADA price, losing the $0.30 support level will invalidate the bullish argument.

Source: fxstreet

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 (ADA) Reaches New Milestone

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The Cardano blockchain has reached a new milestone as it currently holds 7 million native tokens. According to data from pool.pm, the number of native assets minted on the Cardano blockchain is currently 7,059,454 at 65,718 different mintage policies.

In contrast to mutable local assets that can consist of millions of mutable tokens, narrowing down to specific details, an NFT is a single local asset that is immutable and exists forever on the blockchain. To be considered an NFT, a local asset must meet additional standards.

In 2020, Cardano founder Charles Hoskinson predicted the development currently seen in the Cardano blockchain. “Hundreds of assets, thousands of dApps, tons of interesting projects, and lots of unique and useful stuff,” he predicted. While the estimate for assets with millions of native tokens on the blockchain has been exceeded, Cardano has yet to match it in dApps.

In September 2021, the Alonzo hard fork distribution launched the smart contract functionality that allows the development of dApps. According to the latest statistics provided by Cardano manufacturer IOG, 106 projects have been launched in Cardano and 1,146 projects are in various stages of development.

Source: u.today

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 (ADA) News, Ouroboros Leios, the most promising L1 upgrade

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Ouroboros Leios is said to be the most promising L1 upgrade to come. Ouroboros Leios is a new variant of the Ouroboros family that will significantly increase throughput while ensuring optimum security on the Cardano blockchain. Important news for Cardano followers.

KtorZ, an open source developer at the Cardano Foundation, explains the foundation of Ouroboros Leios in his tweet thread. Cardano is a distributed system where nodes reach consensus by sharing blocks according to the schedule they are selected. Blocks are created roughly every 20 seconds and spread rapidly to the rest of the network.

It indicates that a node is often not actively validating blocks when serializing and forwarding data to its peers, as the block throughput is typically not high enough to keep the node busy all the time. The idea behind Leios is about using these idle resources and making the structure of the chain more parallel. It involves utilizing the full potential of UTxO.

Input blocks, confirmation blocks, and sequencing blocks are the three new types of blocks that Leios proposes to split the chain structure. These blocks are created in various proportions and serve various purposes. It should be borne in mind, however, that Leios remains a Cardano Improvement Proposal (CIP), which could mean it’s a long way from now.

Source: U.Today

isclaimer: 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

Supports Elon Musk from Charles Hoskinson

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Cardano co-founder Charles Hoskinson supported Elon Musk in the discussion for the Twitter app. Discussions about Elon Musk’s takeover of Twitter are not over yet. The new owner of one of the world’s largest social media platforms recently said that Twitter’s mobile app may disappear from various stores. As a countermeasure, Musk is ready to develop his own phone, and the creator of Cardano also supported it.

After the takeover, talk arose that Twitter would be removed from mobile app listings, mostly due to the rapidly changing rules and policies of the platform. Despite the rapid changes, the app’s most important metrics remain intact, as Twitter reports record-breaking daily active users on its website.

The creator of Cardano was actively advocating the creation of a decentralized version of Twitter. However, since the takeover, Elon Musk does not want to apply any decentralized technology to Twitter. In a personal chat with the former CEO of FTX, he stated that it would not be right to run the platform on the blockchain and that crypto implementation makes no sense.

While Musk has made it clear that Twitter will not be blockchain-based, he did state that the entrepreneur can accept certain cryptocurrencies as payment for services on the network, such as the blue checkmark.

The creator of Cardano offered Musk help to make Twitter more blockchain-friendly. However, Musk did not respond warmly to this offer. At the same time, Musk is ready to make his own “Tesla Phone” to avoid the extreme limitations of big tech companies and government regulators.

Source: u.today

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.

EXCHANGE

Binance Announcement, Binance Pool ETHW mining will be possible

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Announced support for the new ETHW token on Binance Pool. Binance Exchange is a big move to support ETHW. The tweet on EHW’s official account also announced the news. Miners can now mine ETHW through Binance pool. But the continuation of the article is important because ETHW is not listed on Binance at the moment.

Important information:
He added ETHW to Binance Pool and made a statement on the subject. On the Binance Pool Platform, it does not list ETHW. Currently, the exchange only supports ETHW mining on Binance Pool. It does not support ETHW deposits either. Users who manage to mine ETHW on Binance can only convert their earnings to BUSD or USDT. For this reason, you do not have a chance to save what you have mined as ETHW on Binance.

But we are sure that the miners will be very happy if Binance makes a new announcement and announces that it has listed ETHW in the future.

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.