Cardano

Cardano (ADA) Makes A Bullish Comeback As Price Finds Bottom Against Bitcoin (BTC)

Cardano (ADA) has finally touched the bottom of the pitchfork formation it has been trading in. The above chart for ADA/BTC on the daily time frame proves that sometimes it is best to let the market run its course rather than to enter a position and wish for a miracle to happen. When Cardano (ADA) entered the last segment of the pitchfork formation against Bitcoin (BTC), few analysts might have expected it to fall all the way to the bottom because that would have meant a break of market structure for Cardano (ADA) against the US Dollar (USD). However, as we have seen in this market, the price in US (US Dollar) does not matter as much as the price against Bitcoin (BTC) does. As most coins sing to the tune of Bitcoin (BTC), it makes more sense to lend more credibility and importance to ADA/B...

Cardano Creator Believes Ethereum Classic Is Following The Path Of Bitcoin

Charles Hoskinson, a co-founder of Ethereum and the creator of Cardano has recently spoken out about Ethereum Classic during an appearance at the recent Ethereum Classic summit, held in South Korea. Hoskinson is very bullish about Ethereum Classic, not just as a cryptocurrency but as a project on the whole, citing that from it’s very inception, Ethereum Classic has resembled the original culture of Bitcoin, suggesting that Ethereum Classic could end up following the path of Bitcoin in the future, leading the markets as a high value and high market cap cryptocurrency. Why Bitcoin? Hoskinson believes Ethereum Classic is like Bitcoin simply because it is a project that is maintained by a small number of people. Unlike other crypto projects that rely on a community of developers and engineers,...

Cardano (ADA) Loses 95% Of Its Value Since January ATH, Further Downside Unlikely

Cardano (ADA) has now lost 95% of its value since its all time high of January. The above weekly chart for ADA/BTC shows that Cardano (ADA) which until now has been trading in a pitchfork as well as a falling wedge is now at the end of its correction. RSI for the above chart has also been trading in a falling wedge and is now at the point of a break out as it has reached the full extent of its movement. However, the price chart shows that there is still room for one wave down. If that were to happen, it would mean that Cardano (ADA) could complete a 100% correction before it begins a new cycle! Cardano (ADA) has long ben hailed as an innovative blockchain that is supposed to tackle the problems that Ethereum (ETH) has failed to solve. Cardano (ADA) founder, Charles Hokinson was once an Eth...

Cardano & TRON Now Included In Abra

Multiple announcements have just been made by the popular cryptocurrency wallet, Abra. They have announced that they have now added support for the Basic Attention Token, Cardano and TRON and they now plan to allow users to fund Abra wallets using Bitcoin Cash within the next week. Customers will also be able to make transfers from European bank accounts directly to Abra wallets. Essentially, this will allow all users in Europe to fund an Abra wallet using a European bank account. A bank customer from Europe will be able to buy any of the 28 digital currencies supported on Abra. The Abra app interface allows users to track portfolios, exchange crypto for crypto through Bitcoin and perhaps most importantly, check the market prices. There are also 50 fiat currencies available which users can...

Positive Future For Cardano Investors

Whereas the Cardano (ADA) protocol is similar to Ethereum’s PoS mechanism, the Cardano protocol is faster and has improved efficiency. The protocol introduces more features at an advanced level without blemishing the original idea of crypto that is decentralisation. Cardano balances security, speed and decentralisation whilst attempting to improve proportionally forward with each release or published paper. This is the idea from the mind behind it all, the founder Charles Hoskinson, who said this: “What we’ve done with Cardano is start with asking ourselves what a blockchain is. Does proof of work actually make a blockchain secure? Is there a way to build PoS with the exact same outcome? Can we do things in a way where we can achieve classical performance with decentralisation so that we’r...

Why Cardano (ADA) Could Lead The Second Generation Of Cryptocurrencies

 Cardano. A top ten cryptocurrency project, backed by the brains of Ethereum but set up with a vision for the future. Cryptocurrency isn’t going to exist in this state forever, as the technology grows, so will each individual project. As it stands, Cardano promises an awful lot for the future and many now believe that Cardano is set to lead the charge for the next generation of cryptocurrencies, the time when cryptocurrencies and their projects migrate into a new purpose, with new uses, new values and a part of a more adaptive community. Why does Cardano promise to lead the new generation of cryptos? To answer this question, we need to step right back to the birth of Cardano and ADA. The founder of Cardano, Charles Hoskinson is also known as one of the founders of Ethereum. Therefore, Car...

What Is Cardano – The Complete Guide To ADA

Article published by tradingonlineguide.com In 2018 new cryptocurrencies and projects have appeared. One of the most interesting ones to emerge is Cardano, but what is Cardano? In this article we will explain step by step what this new project is about and why it’s considered one of the most interesting news topics in the crypto world. What is Cardano ? Cardano is a new smart contract platform, very similar to Ethereum which offers more scalability and security than the first virtual platform thanks to its layered structure. Cardano has been invented by Charles Hoskinson who co-founded Ethereum. While Ethereum is one of the second generation cryptocurrencies and has its limits, Cardano is born with the goal the improve the Ethereum concept and become the perfect form of a smart contract pl...

Cardano (ADA) Enters Strong Bear Trend, Price Unlikely To Break Above $0.11 Before September

Cardano (ADA) is now down more than 90% since its all time high but that has not stopped it from entering a new bear trend. The price just broke below the 21 EMA on the 4H chart for ADA/USD above. Having already broken below the 50 EMA, Cardano (ADA) was expected to find support at the 21 EMA but the price failed to hold its ground and broke below it. Furthermore, the 21 EMA has now become a strong resistance for Cardano (ADA) which means the RSI is likely to break out of the falling wedge at this point. If the RSI breaks out of the falling wedge at this point, it would give a green light to the bears to take the price further down. The price of Cardano (ADA) entered a triangle on August 6, the upper limit of which has served as additional temporary resistance. The price has now been rejec...

Cardano (ADA) Hits A New Low, Down 90% From All Time High

Cardano is now down 90% from its all time high after hitting a new low yesterday that knocked the price down to $0.117 as can be seen on the ADA/USD daily chart above. The last time Cardano (ADA) dropped to this level, it rallied back to the test the upper limit of the triangle. However, this time that does not seem likely. Cardano (ADA) will most likely fall below the dotted line to test the bottom of this triangle. A short term recovery can be expected given that RSI and Stochastic conditions are now oversold. However, the EMA alignment continues to be strongly bearish and a fall to the bottom of the triangle seems inevitable at this point. The upper limit of this triangle has only been tested three times now. All of these times, the overall conditions were such that the Slow Stochastic ...

XRP, XLM And ADA Fly Up In Sudden Break Away From Bear Trend

It is pretty rare that we see news like this, especially when the markets are moving in a very negative direction, but, for some reason, Ripple XRP, Stellar XLM and Cardano ADA have taken a sudden upswing, in a market that is otherwise within a very heavy down trend. Whilst we can’t see why this has happened just yet, we hope that some news will break out over the afternoon that could help us pinpoint the cause of this. Or, perhaps this is an indication of a looming market surge, led not by Bitcoin, but by XRP, XLM and ADA respectively? At the time of writing, XRP is valued at $0.452, up 3.30%. Just an hour ago, XRP was down almost 2% so this 5% change has happened rather suddenly. Perhaps this is the result of the news regarding Bill Clinton, or, perhaps something else more significant is...

Market Update – EOS, XLM And ADA Take A Big Plunge

Yesterday’s negativity, caused no doubt by correction has over-spilled into today, bringing the markets down for a second consecutive today. What we are seeing now however is a far steeper decline from a number of cryptocurrencies, reducing some of the optimism that we have held onto as we go into August. Whilst this doesn’t mean by any means that the markets are going to crash, it does look as if this correction period is going to inflict some damage onto a number of currencies, that have made good tracks over the past week, reversing their progress. Interestingly though, Bitcoin remains away from this fall, which at the time of writing is valued at $8,132.15, down just 0.29%. Bitcoin dominance is up, coming in at 48.3% suggesting that Bitcoin is still capable of an upswing through the af...

Cardano Boss Outlines A Promising Future For ADA

Cardano is often considered a bit of a quiet cryptocurrency. Unlike its headline grabbing neighbours, Stellar, Litecoin and IOTA, Cardano often trucks along at its own pace, making significant movements yet remaining somewhat under the radar. Of course, this isn’t to say that Cardano is a small cryptocurrency, Cardano is still ranked 8th for market capitalisation and is still a significant competitor in the race for the top altcoin. Overall, Cardano promises a great deal for the future and that’s what Charles Hoskinson, the CEO and co-founder of Cardano has spoken out about. According to Ethereum World News, Hoskinson has discussed some future prospects for Cardano in the public forum, one notion involves Cardano becoming a part of a $1 trillion economy, backed by Wall Street. Of course, t...