Connect with us

Cardano [ADA]

Cardano [ADA] shoots up following blockchain integration and Ledger Wallet arrival



Following its recent overtake of Bitcoin SV [BSV], the now eleventh largest coin in the market, Cardano [ADA], has once again been visited by the bulls. Cardano shot up by over 6 percent to become the highest gainer in the top-15 while the major coins are caught in sideways movement.

The price surge comes after the Cardano Foundation was included as one of the founding members of the International Association for Trusted Blockchain Application (INATBA), as confirmed via a press release from the Foundation. The INATBA aims to further the progress of blockchain technology and cryptocurrency adoption within Europe.

INATBA is a body of SMEs, policy-makers, regulators and civil-standard setting organizations. Cardano will be able to build dialogue with authorities with reference to the regulation surrounding blockchain and decentralized currency and push adoption.

Charles Hoskinson, the founder of the Cardano Foundation, further buoyed the ADA community by a March 14 tweet depicting the first Ledger hardware wallet with a Cardano logo. The wallet follows the early-February news of the ADA ecosystem integrating the Ledger wallet.

Source: Twitter

The February 2 tweet stated:

“We are thrilled to announce that we will be integrating Ledger hardware wallet in our Cardano ecosystem. This means users will be able to hold their Ada offline, through the convenient and highly secure means of cold storage.”

Source: Trading View

The coin’s price began rising from March 9. It increased from $0.042 by 14.28 percent to reach $0.048 in three days. After dropping down to $0.046, the coin saw another 7.82 percent rise in the next two days, pushing the coin just below the $0.05 mark which the coin briefly shot above in late-February and early-January. At press time, the coin has shot up by 5.82 percent.

Cardano has seen its valuation increase by over $200 million in the past week. On March 9, the coin’s market cap stood at $1.102 billion and surged by 16.87 percent to reach $1.28 billion. Currently, the market cap has slightly slipped to $1.27 billion.

Source .ambcrypto

Click to comment

Cardano [ADA]

Cardano’s ADA to Replicate the 60% Rise on Ethereum in February 2019?



The native token of Cardano of ADA cryptocurrency has surged 10% in 24 hours. The price of Cardano at around 1900 Hours UTC on 22nd March was $0.528. The price 24-hours later on 23 March is trading at $0.58. The 24-hour high in the price of Cardano is $0.5904.

The price of ADA/BTC was 0.00001249 BTC on 19th March when a bull signal with 50-Day Moving Average cross-over with 200-Day Moving Average line. The cryptocurrency is trading up by 16% since at 0.00001448 BTC at around 1900 Hours on 23rd March 2019.

Cardano Upgrades for the Future and Fixing Critical Issues

IOHK the parent organization behind the Cardano Project also announced its release of an update of the Cardano Mainnet. The news version Cardano 1.5.1 is designed to fix the issues in the previous release.

According to their press release:

The Cardano 1.5.1 release is a small update which fixes two issues:

  1. A data migration issue, and
  2. An issue causing log rotation for the frontend logs not to work.

While this does not justify the price action on ADA, it indeed reaffirms the community’s belief who are looking forward to the Ouroboros-BFT upgrade where Cardano would necessarily implement PoS and would have increased the degree of decentralization of Cardano (ADA token) considerably.

“Today we release Cardano 1.5 on the Cardano mainnet. The Cardano 1.5 release is a milestone because it is the last major Cardano release of the Byron development phase, which we have been in since the launch of mainnet.”

  • “Cardano 1.5 is important in preparation for moving to the Shelley development phase,” the post added.

The rise has shown similar characteristics to the surge in price before the Ethereum’s Constantinople update. During the month of the update, the price gained almost 60%. Nevertheless, there is a long road ahead for both the projects before their final updates are out. Hence, the price action seems to be solely driven by investor confidence.

News Source

Continue Reading

Cardano [ADA]

Cardano’s 1.5 Mainnet has successfully been completed



Cardano has successfully released its 1.5 mainnet which marks a big step towards proof-of-stake consensus. The update also brings a number of optimizations mainly focused around the crypto wallet Daedalus, according to the announcement.

Cardano released its mainnet on March 21, marking the final stage of the project’s “Byron” phase of development with the second phase, Shelly, already in the pipeline. The update also includes performance improvements when rendering lists with a large number of transactions and wallet addresses, the addition of features for detecting insufficient disk space, and a new screen that visualizes the block storage consolidation process.

The update is significant because it introduces Ouroboros BFT, the new consensus protocol. This will be activated through a separate update and will replace Ouroboros Classic until the implementation of Ourboros Genesis, designed for Shelly. The Genesis mechanism combines the advantages of Proof-of-Stake with Proof-of-Work systems.

Given that Cardano 1.5 is technically a hard fork, the team reports that the update “will take place in a smooth and automatic way because this is a planned protocol upgrade whereby all parties of the current federated system have agreed to the change.”

The announcement caused a 5% spike in the price of Cardano. At the time of writing, Cardano is up over 7% trading at $0.057.

Source :chepicap

Continue Reading

Cardano [ADA]

Cardano (ADA), Litecoin (LTC) & Digibyte (DGB) – The golden portfolio for Q2 of 2019



With over 1000 coins in the market, you can easily come up with a crypto portfolio that combines virtually any number of cryptos. However, not every portfolio can give you the results you want.

A combination of low-quality coins will only put you in the negative in this sideways trading market. While no one can predict how the market will perform, there are certain cryptos that have a high probability of giving you superior returns this year. For instance, a portfolio that has Cardano (ADA), Litecoin (LTC) and Digibyte (DGB) could make an investor lots of money in Q2 of 2019. Here’s why.

Cardano (ADA)

There is a lot of excitement around Cardano at the moment due to the Shelley release. Shelley will make Cardano a fully decentralized project, and investors will be in a position to stake ADA. While the process of Cardano decentralization has taken long, it is finally happening.

Cardano 1.5 has already been released, marking a crucial step towards Shelley. Investors expect lots of announcement about Shelley and other products to be made, during the Cardano summit on the 17th of April. This means that Cardano (ADA) is likely to start Q2 with a bang.  Once staking is enabled, Cardano could easily emerge as a top performer all through Q2. Cardano is already showing signs of upside momentum, and has broken the psychological $0.05 resistance. This could be a signal of big things to come.

Litecoin (LTC)

Litecoin (LTC) is one of the best performers in Q1 of 2019. It has gained by more than 100%, pushing from lows of $22 to its current price of $60.  Going into quarter two, this momentum is likely to sustain. That’s because, with every passing day, Litecoin is getting closer to its halving in August. While the Litecoin halving may not have an immediate impact on supply and demand, there is lots of excitement around it.

In fact, it is one of the most awaited events in crypto space this year. Given that crypto prices are largely speculative, it then follows that as the halving date approaches, Litecoin (LTC) could see a significant surge in price. It could get an even bigger boost by its growing adoption, which is one of the highest in crypto. On this basis, one is unlikely to go wrong by having Litecoin in a crypto portfolio for the next 3 months.

Digibyte (DGB)

Digibyte (DGB) is another potentially big performer in the coming quarter. Digibyte’s performance in Q2 will be driven largely by the adoption of its core features, and it is already happening. For context, AntumID is releasing a chrome extension that will allow users to log in to any website using DigiID. This is a big deal, and implies that people can start logging into major sites such as Facebook using DigiID. On top of that, amazing features such as Digiassets are expected to be released in Q2 of 2019. This gives Digibyte (DGB) the potential to make it big in the next 3 months compared to the rest of the market.

News Source

Continue Reading