Category Archives: CARDANO NEWS

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.

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.

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.

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.

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.