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Vasilhardfork

Cardano ADA/USDT 1D WBINANCE:ADAUSDT Cardano/Tether 1D W $ada is at the bottom of the weekly trend line, looking for a bounce with good volume, hopeful reverse this downtrend we've been in since 6th sept 2021, on the 4 hour we've turned bullish with good volume, price target of $0.59 in the coming few days. before a slight pull back (spring, back test, spring) and the a price target of $0.6894. The news that Cardano has successful completed the extensive testing of all core components, plus confirmed community readiness Vasil Hardfork was confirmed for 22nd September 2022.
Long
by TechnicallyBullish
ADA Weekly chart analyzehello everybody hope you have good days. today i want to analyze ADA altcoin in 1W chart for long term. according to the VASIL hardfork that will be happen in early month (june 2022) and this upgrade will be so amazing and increase network throghput. so we have a good fundamental for ADA these days. now lets go to chart: you see that we have completed a 5 impulsive wave and ADA saw about 3.20 price and after that we start a very deep correction. now you see we can approch end of this correction at the overlap levels of fibo (ret 0.38 and proj 0.50 like i show on chart) and also we are a good support level in around 0.4 price. overlaping this fibo levels and this support strenghen our perdict. after that we have an ABC correction wave after impulsive an seems to be ended. our momentum in 1W timeframe is in oversld levels. now if we lose this support(around 0.4 price) we can go down till brown area that i show on chart.(this levels is overlap of 100% and 61.8% fibo levels and a good support level according to history of market. just dont forget to place your SL below first support level to prevent losing more if we lose this support. SL=0.38 thank you all for your support. !!NOTE!! ((friends when you support me and follow me and comment on my posts you can teach me more about market. im very interested to learn more and you are the best teacher. please support me for more posts thank you))
Long
by TraderAmin-KZ
ADA Cardano VASIL Hardfork DetailsHI Friends. Today i decide to explain more about coming upgrade in cardano blockchain. without wasting time lets go friends. Vasil Hardfork: Another Network Upgrade On The Cardano Blockchain A hardfork is a software upgrade to a blockchain’s network, making previously invalid transactions and blocks valid. While many blockchains rarely do the hardfork, Cardano (ADA) is a sort of blockchain that experiences periodic improvements every year. After their first hardfork, Alonzo, now Cardano is on track to implement another fork called the ‘Vasil hardfork’. Vasil hardfork is the second massive upgrade to the Cardano network that focuses on overall network stability and connectivity. With Vasil, pipelining testing, new CIP mechanisms (CIP-31, CIP-32, CIP-33, CIP-40), UTXO on-disk storage integration, and Hydra will be introduced as added functions. once Vasil hardfork is completed, Cardano will receive a higher throughput and an enhanced range of decentralized finance (DeFi), decentralized exchange (DEX), and smart contracts. These enhancements are derived from the scaling improvements of the network as stated earlier, including pipelining tests, improved logging, the release of four CIPs: CIP-31 (Reference Input), CIP-32 (Inline Datum), CIP-33 (Reference Script), and CIP-40 (Collateral Output), UTXO HD and Hydra integration. CIP’s Explanation: CIP-33 is expected to significantly reduce transaction costs, by making transactions small and “lightweight” CIP-31 will facilitate Decentralized Apps (DApps) to access transactional output without having to recreate it as before. CIP-32 introduces an on-chain data storage for the community and developers, thereby making Cardano a “truly decentralized architecture”. CIP-40 executing a Plutus Smart contract requires a collateral amount, which means users must include a fee to cover the cost of executing the script.When a transaction fails validation, said collateral is completely lost. CIP-40 changes this by including just enough collateral in a transaction for it to go through and setting a limit to failed transactions, so it can only lose a minimum amount of collateral. Despite several crashes and bearish market cycles at the moment, ADA still performs well and ranks in the top 10th percentile on the crypto market, based on its market capitalization this upgrade scheduled to happen in 29 june 2022 but its delayed for next month july. thank you for your reading and your support. hope to like this post.please share me your opinion in comments.
by TraderAmin-KZ
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