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Cardano [ADA]

Cardano (ADA) On A Positive Spell: Can It Surpass $0.050?

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Since the market began falling in early 2018, most cryptocurrencies lost over 80% of their value. Despite several attempts throughout the year and at the beginning of 2019, most coins remain in their all-time lows. One coin that has lost much of its glory in the last 14 months or so, is Cardano (ADA).

The coin has lost over 90% of its value from early 2018, as well as its ranking position which followed a catastrophic drop in its market cap and above this, the Cardano project has been stagnant in project development leading to investor frustration and drop in confidence in its future success.

Cardano Starting To Turn The Tide

Although things have been looking bad for the project and token for the longest time, things seem to be changing. The last couple of days have seen ADA begin to change its trend and turnaround things. If the positive spell is to persist, this could be the best month for ADA yet. In the last seven days, ADA has climbed from around $0.041 to hit a high of $0.048 as of yesterday. Although the coin found resistance around this area and a price correction saw the coin drop back to $0.046, this remained a huge achievement.

At the time of press, the bulls are consolidating and look ready to retest the $0.048 position again, this time, with a little bit more aggression, they look set to break it. If successful at breaking the resistance position, this will give them a real shot at reaching $0.050, a position they have not hit since the start of the year. ADA is up by nearly 6% at the time of press, trading well above $0.048.

To hit the coins year high of $0.052 could be facilitated by the launch of the projects next key phase which is expected in Q1 of 2019. In fact, this in itself could be what is helping accelerate growth for ADA right now. The coming phase is one of the projects most significant phases as it will make the Cardano blockchain fully decentralized. Although Cardano has achieved plenty without being fully decentralized, it stands to gain even more once it is.

In anticipation of this phase, ADA is expected to continue gaining and If successful, Cardano could continue soaring for a long time to come.

News Source: zycrypto

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Cardano [ADA]

Cardano Continues To Surge Against The USD As Traders Anticipate Shelley Upgrade, How High Will ADA Go?

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Cardano news today – Cardano has been on fire for the past few days now. After losing over 10% of its value, the cryptocurrency gathered enough momentum to surge against the USD and has been on a bull run since then. When the price of Cardano ADA started to fall against the USD, some analysts suggested that a sell-off is ideal. Fortunately, the cryptocurrency picked up and has been on an uptrend since then. Yesterday, ADA also suffered a down turn against the USD falling as it was outperformed by BTC. To be fair, ADA wasn’t the only cryptocurrency that was being outperformed by Bitcoin. Almost every altcoin in the market was suffering the same faith.

Cardano News Today – Cardano Shelley Upgrade – ADA USD News Today

Over the last week, the price of Cardano ADA is up by almost 10%. Yesterday, it started the day trading sideways and the price fluctuated significantly more than three times. This gave short term traders the perfect opportunity to buy and make quick profits. Unfortunately, the downtrend intensified after a while per our Cardano news yesterday. Because the price of ADA fell below the key support level at $0.087945 yesterday, it started to surge against the USD and has been trading in green since then.

Cardano (ADA) Price Today – ADA / USD

NamePrice24H (%)
Cardano (ADA)$0.0914885.79%

Right now, the most crucial support for Cardano ADA is at $0.80913. If the bulls were to lose their momentum and the bears take over the market, the cryptocurrency will fall. It would touch at least two support levels before it finally hits $0.80913. Staying above this level is critical to avoid a slide back into the $0.7000 level. All the technical indicators show that it is currently a bull market. So, a surge in the price of Cardano ADA is more likely to happen than a fall.

Cardano Price Prediction 2019 – Cardano Shelley Upgrade – Current Price Of Cardano ADA

With the Cardano Shelley upgrade scheduled to be activated on the testnet in the next two weeks, traders are anticipating a surge in the price of ADA. Cardano Shelley is going to make the blockchain more attractive thus making the Cardano token more useful. This, in turn, will lead to a surge in the price of ADA. The anticipation surrounding the Shelley upgrade may be part of the reasons why the price of Cardano is currently outperforming most cryptocurrencies including Bitcoin. So, there is a high chance that things will get even better after the upgrade.

At the time of writing, the price of Cardano ADA was $0.091675. This means that it is up by 5.99% against the USD and up by 1.08% against the BTC. The trading volume over a 24 hour period is $172,548,885 and the market capitalization is $2,376,854,897. It is one of the best performing altcoins at this time and there is a high chance that the bullish rally will continue over an extended period. As long as the bulls continue to maintain their control in the market, Cardano ADA will test the $0.1000 level near-term. Right now, the immediate support is at $0.0900 while the immediate resistance is at $0.0920.

What do you think about the Cardano price prediction in our Cardano news today? Is the Cardano Shelley project going to be the key that will lead to a surge in the price of ADA? Share your thoughts in the comment section below.

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Cardano [ADA]

Cardano’s Charles Hoskinson Encourages The Community To Prepare Ahead Of The Shelley Upgrade

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As you know, the whole Cardano community is waiting patiently for the Shelley Upgrade.

Shelley Update, to boost ADA

It’s been already reported that this will be a game changer for Cardano and it will also lead to a surge in ADA’s price.

A few months ago, the co-founder of Cardano blockchain, Charles Hoskinson was saying that the blockchain will become 100 times more decentralized than Bitcoin after the Shelley gets activated.

He was pointing out to the fact that this and many other benefits will drive the mass adoption of ADA and prepare the scene for it to take over Ethereum.

As you know, Ethereum is now the leading host of smart contract and decentralized applications.

These days, Hoskinson is asking the community to get ready for the upgrade, as Smartereum reports.

He said that the success or failure of the blockchain would depend on the community and not the founders. He said that he’s not in charge, but the users are, as cited by the online publication mentioned above.

In the next two weeks, the Cardano blockchain will be activated on the testnet, and after a while, the beta version will get activated.

From PoW to PoS

The Cardano Shelley upgrade will make it possible for the blockchain to no longer depend on a PoW consensus mechanism which was made famous by BTC. On the other hand, it will depend on a PoS consensus mechanism.

Smartereum notes that Ethereum also plans to migrate to the PoS algorithm soon.

The Ethereum Serenity upgrade will reportedly be the final version of Ethereum and it’s going to be based on PoS.

Cardano was recently in the spotlight, just the other month after Weiss Ratings called the project one of the most successful ones in the crypto space.

Following this tweet, Weiss Ratings faced some backlash.

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Bitcoin

Crypto Analyst Warns Traders of Potential Altcoin Extinction – Plus Bitcoin, Ripple XRP, Ethereum, Litecoin, Cardano, Tron

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From a warning on a potential altcoin catastrophe to new adoption for Ethereum, here’s a look at some of the stories breaking in the world of crypto.

Altcoins and Bitcoin

A popular crypto analyst says big changes affecting US traders on Binance and Bittrex could have a dire impact on a number of altcoins. Binance.com is pulling the plug on US traders, prohibiting them from trading on Binance.com as of September 12th. Meanwhile, Bittrex is sending out emails to alert its US customers that certain markets will shut down on June 28.

Markets Shutting Down on Bittrex for US Customers

DonAlt told his 106,000 followers on Twitter that he believes coins that will soon be banned from Bittrex and don’t make it over to Binance’s new US-based exchange called Binance.US could essentially be delisted into oblivion.

This is an altcoin exodus.
If we assume these coins will all not be on Binance US either (Regulation for Bittrex and Binance is the same) they’ll lose the entirety of the US market.

These alts might not capitulate into nothingness, they might just get delisted into it. https://t.co/lac3p5XFt7

— DonAlt (@CryptoDonAlt) June 15, 2019

As for Bitcoin’s recent surge past $8,600, DonAlt says he’ll flip bullish if BTC can close out the week on a high note.

$BTC update:

Broke out, no surprise there.
Still waiting for the weekly to close.
If we show strength going into it I’ll flip bullish again having made money on the retracement.
If it shows weakness back to shorting I go. pic.twitter.com/28yHK3oTPX

— DonAlt (@CryptoDonAlt) June 14, 2019

Ethereum

An oil and energy company in San Diego, California says it will be the first company to list oil assets on the Ethereum blockchain.

Ziyen Inc., plans to tokenize the assets using ERC20 standards.

“At the moment the owner of a working interest in the producing lease would routinely receive their monthly royalty check until the well runs dry, but under tokenization they will now have the ability to sell this. This groundbreaking notion is a key step forward in the development of a global energy currency.”

Ripple and XRP

Ripple has released an extended cut of its interview with director of product management Craig DeWitt.

The interview covers key updates to RippleNet, including multi-hop, on-demand liquidity and customer integration.

Watch @CryptoCwby explain the newest features on RippleNet including faster integration, multi-hop and on-demand liquidity on the #RippleDrophttps://t.co/k7AhGaB80r pic.twitter.com/VrjtwodJPj

— Ripple (@Ripple) June 14, 2019

Litecoin

The project director of the Litecoin Foundation says Glory Kickboxing is accepting LTC for VIP tickets to an upcoming event in Paris. Bitcoin is also accepted.

Perhaps the first time ever that a major sports brand accepts #crypto as a legit form of payment without conversion.

Way to go @GLORY_WS for being the trailblazer once again.

Any European #LTC folks, here’s your chance to literally #PayWithLitecoin https://t.co/72VRFuNH6N

— David Schwartz (aka – Dasch) (@DaddyCool1991) June 14, 2019

Cardano

Charles Hoskinson continues his travels around the globe to promote blockchain technology. Current stop: the country of Georgia where he flashes his new haircut standing next to a crypto ATM. The Cardano creator is posting regular updates via Twitter.

Good to visit the local ATM while getting a haircut pic.twitter.com/DDD78BzHD8

— Charles Hoskinson (@IOHK_Charles) June 14, 2019

Great meeting with the Georgian minister of finance pic.twitter.com/nu7ZTT6IYz

— Charles Hoskinson (@IOHK_Charles) June 14, 2019

More ministry meetings. Off to even more pic.twitter.com/8IrpwtCHbQ

— Charles Hoskinson (@IOHK_Charles) June 14, 2019

Great meeting with The European Bank for Reconstruction and Development pic.twitter.com/pvE0J2iVl2

— Charles Hoskinson (@IOHK_Charles) June 14, 2019

Tron

The latest report on Tron’s decentralized app ecosystem is out. The report covers a number of new DApps including a game called Cipher and a development platform called CodeXpert.

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