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CARDANOADA

CARDANO - You Know what I am doing.. Correction and emphatic rebound today. ADA seems to be the best performing crypto asset and from tomorrow the Japanese will boost it higher (I hope). So,tomorrow is a HUGE day for ADA CARDANO, people from Japan will be able to buy $ADA on the stock exchange. Decentralization and security of #Cardano will be increased. On top of that, Smart contracts are being launched soon.. I saw a rather extreme article today.. Don't like it too much but here it is: Meet Cardano, the cryptocurrency coming for bitcoin’s crown : As the long-fought battle between bitcoin and ether rages on, newcomers are climbing up the ranks with underlying technology upgrades set to push them onto the main stage — if scammers don’t get to them first. Smaller tokens known as altcoins have been steadily rising in popularity this year, with one cryptocurrency quickly pulling ahead. Enter cardano, which started 2021 at $0.17 and has jumped 116% so far in August alone to reach $2.90. Also known by its ticker ADA, cardano is now the world’s third-largest cryptocurrency by market capitalisation, pushing older favourites tether and crypto exchange Binance’s BNB token out of its path earlier this month. It now stands at a total market cap of $93.5bn, according to 24 August data from CoinMarketCap, though it is still a long way from bitcoin’s $934.7bn. Its rise is largely attributed to the Alonzo hard fork, an upcoming upgrade to the token’s underlying Cardano blockchain network which could see it challenge rival protocol Ethereum for its ability to handle smart contracts. If completed smoothly, this would be a major boon for institutional usage. “If successful, will bring smart contract functionality by allowing the writing and deployment of smart contracts for the first time on the Cardano blockchain. This upgrade will be significant as it will enable developers to build projects on the network, helping Cardano to position itself as a real ‘competitor’ to the likes of Ethereum,” said Simon Peters, crypto market analyst at online brokerage eToro, last month. “The price of ADA climbed over the last quarter, suggesting investor optimism around the Alonzo hard fork and Cardano’s ability to challenge Ethereum long term.” Let's go to 5$ Cardano. You are ready, you can do it now. One Love, the FXPROFESSOR
Long
by FX_Professor
17
💎ADA CARDANO - Japan, Here we Come! 🗾💹Price has failed to reach the 3$ mark (came close by 5 cents but no touch and no cigar). Will this happen sometime today or tomorrow? Maybe Will the price rise to higher levels now or a but later? Hopefully now Will the price dip under support? Hoefully not, it depends also on what Bitcoin will do. Fundamentally, tomorrow is a HUGE day for ADA CARDANO. On August 25, people from Japan will be able to buy $ADA on the stock exchange. Decentralization and security of #Cardano will be increased. On top of that, Smart contracts are being launched soon.. So, let's go Higher Now ADA!! One Love, the FXPROFESSOR 💠
Long
by FX_Professor
15
$ADAUSD Long term PT 400 and higherAnother reason for Cardano’s surge is that from August 25, its coin will be listed on Japan’s exchange after authorization by the country, which is considered to have one of the strictest criteria for entering the market. It means Cardano’s $ADA.X will join the elite coins of Bitcoin, Ethereum and Litecoin in Japan where it will be put to the test. Could Cardano’s ‘green’ cryptocurrency ADA take over Bitcoin and Etherium? The little known cryptocurrency Cardano (ADA) has come out of nowhere to become the third-largest after Bitcoin and Etherium following a recent price surge as blockchain enthusiasts look for more climate-friendly options. Cardano’s price has gone up by more than 36 per cent in the last week and its market capitalisation stands at $90.60 billion (€76 billion), according to crypto website CoinMarketCap. What is Cardano and what are the reasons for its success? Here’s everything you need to know. What is Cardano? Cardano is a blockchain platform and it has its own internal cryptocurrency called ADA. The tokens are named after Augusta "Ada" King, or Ada Lovelace, a 19th-century British countess known for her work on a theoretical computation engine. She is largely regarded as the first computer programmer and is the daughter of the poet Lord Byron. Cardano was established in 2015 by Ethereum co-founder Charles Hoskinson and was launched in 2017. Since then, the token has returned 7,080 per cent to investors. Cardano is the largest cryptocurrency to use a proof of stake blockchain model, which is considered a greener alternative. As crypto enthusiasts become more aware of the environmental impact of cryptos, Cardano has an upper hand over Bitcoin and Ethereum, and this could be one reason for its recent success. Bitcoin: Cryptocurrency accounts blocked on Chinese social network Weibo Elon Musk wants Bitcoin to become environmentally friendly. Can he convince the crypto's devotees? Recent figures from Bitcoinenergyconsumption.com show Bitcoin’s estimated annual emissions is over 57 million tonnes of CO2 per year, which is about the same annual carbon footprint as a small European country. Meanwhile, Iran and China temporarily banned all crypto mining this summer because computers used in the process were sapping too much electricity and causing power cuts. Proof of stake works by randomly allocating coins to users, who put up coins for collateral. This differs from the proof of work mechanism - used by both Bitcoin and Etherium - which requires a global network of computers to run at the same time when a transaction takes place. This method is designed to encourage increased computing effort for transactions, which uses much more energy than proof of stake. On its website, Cardano says: “We have changed science. We have changed what it means to build global systems and sustainable models of exchange and governance. “We, alongside our community and partners, are defining a new future: a decentralised future without intermediaries, in which power is returned to the individual”. What are the reasons for Cardano’s success? Over the last two weeks, the cryptocurrency market has been rallying. Bitcoin and Ethereum have been leading the wave but ‘altcoins’ - alternative digital currencies to Bitcoin - have also gathered pace in the price race. Cardano’s price surge came after it announced a major upgrade called Alonzo, which will launch in September. Alonzo will introduce smart contracts to the blockchain. Smart contracts are programmes stored on a blockchain that run when predetermined conditions are met. They are typically used to automate the execution of an agreement and will allow Cardano to deploy their own smart contracts and pave the way for its own decentralised applications (dApps). Another reason for Cardano’s surge is that from August 25, its coin will be listed on Japan’s exchange after authorisation by the country, which is considered to have one of the strictest criteria for entering the market. It means Cardano’s ADA will join the elite coins of Bitcoin, Ethereum and Litecoin in Japan where it will be put to the test.
BINANCE:ADAUSDLong
by BADQOMOCAWGOWLD
4
🔹CARDANO, We Have smashed the ATH 💙Cardano kai ksero pswmi! which translates to 'Cardano and bread' in Greek. It's something that we say when we like too much. An exaggeration. In this case I am not exaggerating, I told you guys EXACTLY when to buy (buy stop over resistance), EXACTLY what the levels were (and that's EXACTLY the levels the price would test and break) and also EXACTLY when we will go to new all time highs. Now I will tell you were I think this is going. It's on my chart, take a look, above 5$ for the next 10 months. Yes, I am EXACTLY VERY HAPPY. Thank you the FXPROFESSOR
Long
by FX_Professor
15
📡HOUSTON - CARDAaaaaaano 🛸🛰️Lift off is happening. You had been worn. Next resistance at 2,44 can be smashed if BTC helps and keeps resisting and rising. There is no secret ADA, I love you. News: Bitcoin and Ethereum Struggle While Cardano Rallies Above USD 2. Bitcoin price started a downside correction below the USD 45,500 support. BTC even broke the USD 45,000 level and extended its decline. It is currently (04:00 UTC) trading well below USD 45,000, and it could extend losses below USD 44,000. Crypto analyst and influencer Elliot Wainman is shining a spotlight on a handful of altcoins that he believes are ready to erupt in the coming weeks as the entire crypto market continues to rebound and Bitcoin floats within the $47,000 range. In a new strategy session, Wainman tells his 347,000 YouTube subscribers that Ethereum (ETH) will likely continue to rally, as it hasn’t come close to the previous high it had reached before the May crash. Wainman notes that as Ethereum gets closer to achieving a proof-of-stake consensus mechanism and as it continues to implement its EIP-1559 upgrade, the asset will undergo a massive supply shock. Let's Go , ADA! the FXPROFESSOR
Long
by FX_Professor
5
ADA Bulls Aggressively Battle For All-Time High AT $2.5 Cardano price extends recoil from recent support at $1.92, coming face to face with the stubborn hurdle at $2.2. The MACD is about to flip massively bullish, triggering gains to the record high at $2.5. IntoTheBlock’s IOMAP model reveals immense resistance ahead of ADA, likely to hinder the recovery. Cardano is trading in the green toward the end of the Asian session on Thursday. This bullish outlook appeared after ADA embraced support around $1.92 following a correction from the recently traded three-month high roughly at $2.25. Meanwhile, the newest smart contract token is exchanging at $2.08 after the uptrend faltered at $2.2. The seller congestion at this level has remained intact, challenging recovery attempts that are eyeing the all-time high near $2.5. Cardano Price Is Bullish But Resistance Galore The short-term technical picture appears to have flipped bullish as ADA lifted from $1.92. According to the four-hour chart, the Moving Average Convergence Divergence (MACD) indicator would present a buy signal in the nearest future if not for the barrier at $2.2. The bulls must keep the price above $2, a move that could ensure market stability and increase the chances of the MACD turning bullish. In the meantime, holding above the mean line favors the bulls, but the 12-day EMA must cross above the 26-day EMA to validate the recovery and give bulls a boost to crack the barrier at $2.2. Trading above this level may trigger more buy orders as speculation mounts for gains to $2.5. Investor interest is expected to shoot up, especially after Cardano’s Alonzo network upgrade. Looking At The Other Side Of The Picture IntoTheBlock’s IOMAP on-chain metric highlights a massive resistance that may sabotage the expected upswing at $2.17. Around 61,000 addresses previously bought 1.1 billion ADA in this area and may wish to break even as the price rises, dampening the bullish pressure. On the downside, relatively strong support is provided for Cardano at $1.97. As long as ADA holds above this level, corrections will be mitigated, allowing bulls to forge another way to $2.5.
BINANCE:ADAUSDLong
by CoinGape
🔜 AVA CARDANO - Is it Ready for a New ATH ? 🔝We have covered Cardano many times and you know it's a favorite. As said before, ADA would be one of the usual suspects that can outpace the vast majority of cryptos in case of a Bitcoin rise. The fundamentals are strong and promising, as Cardano Jumps on Signals Smart Contracts Coming Next Month Smart-contract functionality would allow Cardano to incorporate more applications including so-called decentralized finance (DeFi) platforms that allow for automated cryptocurrency lending and trading. The improvement could put the network in a better position to challenge Ethereum , currently the leader among blockchains with smart-contract functionality. Started by Ethereum co-founder Charles Hoskinson, Cardano is a blockchain that aimed to compete with Ethereum and other decentralized application platforms but as an avowedly more scalable, secure and efficient alternative. When smart contracts are launched, Cardano will be in orbit. For now we are looking at a potential lift-off. Already, Millions of dollars flow into Cardano ahead of Alonzo hard fork Oh! and some news about Binance: cointelegraph.com One Love, the FXPROFESSOR
Long
by FX_Professor
12
🔷 ADA CARDANO - Smart Contracts means Lift off and Orbit 🌐🛰️🧿 Story from Markets : Cardano Jumps on Signals Smart Contracts Coming Next Month The plan to add smart contracts next month could defy skeptics who have bet that the functionality wouldn't come anytime soon. Smart-contract functionality would allow Cardano to incorporate more applications including so-called decentralized finance (DeFi) platforms that allow for automated cryptocurrency lending and trading. The improvement could put the network in a better position to challenge Ethereum, currently the leader among blockchains with smart-contract functionality. Started by Ethereum co-founder Charles Hoskinson, Cardano is a blockchain that aimed to compete with Ethereum and other decentralized application platforms but as an avowedly more scalable, secure and efficient alternative. When smart contracts are launched, Cardano will be in orbit. For now we are looking at a potential lift-off. ps. One of the great things about Cardano that is really attracting me to it is the 'ethics': Making The World Work Better For All the FXPROFESSOR
BITFINEX:ADAUSDLong
by FX_Professor
11