Cardano (ADA) Sellers of 2018 Flow Back, Prices Sink 32.7%

Cardano (ADA) sheds 32.7 percent week-to-date Emurgo releases Yoroi update There’s a new Yoroi wallet update introducing further improvements like the hide balance option. However, that is not enough to support ADA as prices are down 32.7 percent. Cardano Price Analysis Fundamentals Research and peer-reviewing of code underpin Cardano. Promising to dislodge Ethereum as the king of smart contracting, the Cardano development team is after perfecting their system. Delaying in phase transition, their leaning on quality and satisfactory experimentation is top priority. Presently, Shelly test net is live. While developers…

Cardano (ADA) Volumes Almost Double, CoinBase Could Trigger Rally

Cardano (ADA) price up 17.4 percent CoinBase could offer support for ADA Transaction averages almost double in the last two weeks After dropping from the top 10, Cardano (ADA) is up 17.4 percent in the previous week. Because of this, it is one of the top performers and could register more gains if CoinBase supports ADA. Cardano Price Analysis Fundamentals On one end, CoinBase never-ending controversy makes them appear weak. However, as the third most liquid exchange after Binance and Liquid, their influence cannot be written off. The CoinBase Effect…

Cardano 1.5 Means Project Shelly, Will ADA Prices Respond?

Cardano price stable but bullish Development and consequent release of Cardano 1.5 test-net positive Average volumes low, pumps must be accompanied by volumes above 210 million Project Shelly is on the horizon thanks to Cardano 1.5. That means an improved consensus protocol that could possibly drive Cardano (ADA) above 4.5 cents towards 6 cents. Cardano Price Analysis Fundamentals That Cardano is special is true. The evidence is littered all over the inter-webs, and as they continue to research, their priority is not on speed but quality. While they admit that…

Cardano Price Analysis: ADA/USD Decline Below $0.030 Looks Real

Key Highlights ADA price declined heavily and broke the $0.0320 and $0.0300 support levels against the US Dollar (tethered). There are two bearish trend lines formed with resistance at $0.0320 and $0.0350 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct higher in the short term, but upsides remain capped near $0.0320 and $0.0310. Cardano price is under heavy selling pressure against the US Dollar and Bitcoin. ADA/USD may continue to decline and it could test the $0.0260 support. Cardano Price Analysis There…

Cardano Price Analysis: ADA/USD at Potentially Major Turning Point

Key Highlights ADA price is struggling to clear a major resistance area near $0.0800 against the US Dollar (tethered). There is a monster long term bearish trend line formed with resistance at $0.0780 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair must break the $0.0780 and $0.0800 resistance levels to move into a bullish zone. Cardano price is currently consolidating against the US Dollar and Bitcoin. ADA/USD is facing a significant resistance near the $0.0780-0.0800 zone. Cardano Price Analysis Recently, cardano price spiked above…

Cardano Price Analysis: ADA/USD Could Extend Slides To $0.0720

Key Highlights ADA price failed to gain momentum above $0.0800 and declined recently against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0790 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to extend the current decline towards the $0.0735 or $0.0720 levels. Cardano price moved into a short term bearish zone against the US Dollar and Bitcoin. ADA/USD could drop to $0.0720 before buyers take a stand. Cardano Price Analysis There were a couple of…

Cardano Price Analysis: ADA/USD Showing Positive Signs Above $0.080

Key Highlights ADA price is trading with a bullish angle above the $0.0800 support against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0820 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to continue higher towards the $0.0880 and $0.0900 levels in the near term. Cardano price is slowly moving higher against the US Dollar and Bitcoin. ADA/USD could continue to trade higher and dips remain supported near $0.0820. Cardano Price Analysis There…

Tron, Cardano Could Lead Altcoin Break outs

Thanks to a one percent gain in the last day, Cardano is the top performer in the top 10 with Tron leading after adding 1.5 percent. All in all, we anticipate gains today and that’s why we recommend buying on dips at spot rates with stops at fitting support levels. In the meantime, patience should prevail in XLM, EOS and in Litecoin since prices are still below key resistance levels. Let’s have a look at these charts: EOS Price Analysis As the week concludes, EOS price continue to oscillate within…

Cardano Launches Rust Project to Entice Third-Party Developers

Cardano, the platform underpinning ADA, the ninth largest cryptocurrency by market cap, is opening its doors to third-party developers through a new client, written in systems programing language Rust. “As a project matures and grows, you need to satisfy the demands of different clients,” Charles Hoskinson, CEO at IOHK, the blockchain development company behind Cardano, told Bitcoin Magazine.   IOHK made the announcement on October 1, 2018, exactly one year after it launched Byron, the first version of Cardano’s settlement layer, which was built in the functional programming language Haskell.…

Cardano Price Analysis: ADA/USD Could Correct To $0.08 Before Higher

Key Highlights ADA price is trading above the $0.0840 support and the 100 hourly SMA against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0840 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct lower in the short term towards $0.0800 before buyers appear. Cardano price is trading in a bullish zone against the US Dollar and Bitcoin. ADA/USD is likely to trade above $0.0900 after a minor downside correction. Cardano Price Analysis After trading as…