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Cardano (ADA) Poised For A Major Breakout In November

Cardano (ADA) is perhaps the only large cap coin that most believe to be truly undervalued. The price has already broken resistance against Bitcoin (BTC) as shown by the ADA/BTC weekly chart. Just like the rest of the market, Cardano (ADA) is now waiting for Bitcoin (BTC) to make a move. We saw cryptocurrencies like Ripple (XRP) make independent moves in the past few weeks. However, Cardano (ADA) has remained below the 10 Week EMA. It is pertinent to note though that during the last few weeks, the 21 Week and 10 Week EMAs have come very close. It will...

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Cardano (ADA) Hits Rock Bottom, Eyes Trend Reversal

Cardano (ADA) is trading at the lower half of the pitchfork on the ADA/BTC chart above. This means that the cryptocurrency has already completed its correction and formed a bottom. RSI conditions for ADA/BTC still show price action to be in downtrend even as it trades under oversold conditions. The VIX profile for the same ADA/BTC weekly chart also shows a strong sign of a bottom formation. The four consecutive green bars visible on the above chart confirm that Cardano (ADA) has formed a strong bottom and is now ready for a trend reversal. Cardano (ADA) has so far respected...

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What Is In Store For Cardano's Future

The CEO of IOHK Charles Hoskinson has confirmed on several occasions that IOHK is fully funded to complete all planned development until at least 2020. In the latest statement by the CEO, he added that due to the appreciation of Bitcoin, IOHK and Emurgo are sufficiently funded to commit to the additional roles too. Due to this, the loss of access to the ICO funds and ADA allocation of the Cardano Foundation shouldn’t 100% limit the over the development of Cardano. An open letter by IOHK and Emurgo also described the Foundation’s statements that it owned the trademark for Cardano...

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It's All Happening Over At Cardano

A recent article on Hackernoon titled ‘What’s going on with Cardano?’ delves into the current state that Cardano is in. The article starts off by addressing some of the basics of Cardano. The cryptocurrency related to Cardano is called ADA, as most of you will know, and Cardano is its ecosystem. Cardano has been running its own mainet since September of last year however, it is still a work in progress of which the roadmap project which could go on until 2020. After the roadmap is finished, Cardano will be a self-governing infrastructure layer which is governed through a liquid...

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Hoskinson Says Cardano Is Getting Its Feet

The 9th biggest cryptocurrency in the world, according to CoinMarketCap, Cardano is in the green and seeing some small gains as it gains its feet. The open letter of Charles Hoskinson and the petition to get rid of the Cardano Foundation Chairmen is a hot topic in the market. Furthermore, Hoskinson shares the Cardano updates that will be coming in the near future. Cardano has a market cap of $1.9 billion and is in the green by 0.63% at the current time of writing and so today has been a good day overall for the currency as it keeps up...

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