#ADABTC – #Cardano, ready for break-out? – #ADABTC chart http://www.tradingview.com/chart/ADABTC/zXsyA0fN-ADABTC-Cardano-ready-for-break
As far as the top crypto markets are concerned, there aren’t any notable gains to speak of. Nor are there spectacular losses to take note of, although that doesn’t necessarily mean these markets are in a good place right now. The Cardano price has risen the strongest out of the entire top 15 so far, which seems to indicate a lot of interesting things are happening in that market at this time.
Cardano Price Momentum Improves Significantly
It is not entirely uncommon to see most of the top crypto markets deal with some uneasy momentum. This situation has been in place for quite some time now, which is still a direct result of the 2018 bear market. Even in early 2019, that bearish pressure always seems to loom overhead, for some reason. Cardano is not affected by this particular development at this time, which is promising in its own right. Sustaining this uptrend will be a different matter, with the weekend around the corner.
0,050055 USD (5,06%)
$1,30 B USD
$36,68 M USD
To put this in perspective, the Cardano price has risen by 5.7% in both USD and BTC value alike. That in itself is rather interesting to keep an eye on, primarily because so many other top markets note gains of 1.5% or less. Cardano’s current value approaches the $0.05 level again, which may prove to be a new support level or a major hindrance. Either scenario is still in play at this time.
On social media, the Ledger support for Cardano is seemingly far less important than the actual price charts. That is a sign of how this bullish run may come to a halt fairly soon. Crypto Wunderbear expects this run to improve even further, assuming Bitcoin doesn’t spoil the party. It is evident Cardano relies on Bitcoin quite a bit right now, which can prove to be very problematic in the long run.
Nerubica, on the other hand, remains a bit on the fence as to how this price run will play out. Considering how there is nothing to be overly excited about as of yet, it seems this small nudge can easily be squashed. ADA’s Trading volume is also far from impressive, although that particular aspect has not been of too great concern to traders and holders in recent months. With the $0.05 level within reach, there may be a minor push in terms of trading volume over the coming days.
In case ADA does this break-out and overcomes the horizontal accumulation zone, I will become more bullish towards alts in genera
Some traders always try to make the best of the current situation. BitcoinBethke, for example, expects ADA to hit 1m330 Satoshi, which would require another 7% increase compared to the current level. However, this user also indicates it to be a short-term target, which may result in a new decrease shortly afterward. Cryptocurrencies are volatile first and foremost, with Cardano not being an exception in this regard.
Although it is somewhat promising to see Cardano’s value rise while other markets struggle for traction, getting ahead of oneself is never a good sign either. For now, the lack of high trading volume and the main focus on the price, rather than actual developments, can make this a rather short-lived uptrend as long as Bitcoin remains on shaky legs. It could make for a very interesting market to keep an eye on over the weekend, though.
Cardano Bull Run Kicks Off With $0.090 – $0.1000 In View Near-term, How High Will Cardano Go?
Cardano ADA price is on the rise again after correcting lower against the the USD for a few days. This Cardano news is just in time as investors were beginning to lose faith in the bullish Cardano price prediction 2019 that was initially posted on smartereum.com. Thanks to the erratic nature of Bitcoin, the price of Cardano has been unsteady as upward moves are quickly followed by downside corrections. To be fair, these downside corrections are necessary for the bullish momentum to continue. Today, the price of Cardano surged above the $0.0750 resistance converting it into a support area. If the bulls are able to maintain their ground above this level, there is a high chance that the price of ADA is going to hit $0.0900 in the next few trading sessions according to Cardano price prediction 2019 on Blockonomi.com. How high will Cardano go?
Cardano News Today – Cardano Price Analysis – ADA News Today – ADA/USD Surges – How High Will The Price Of ADA Go?
As soon as the price of Cardano ADA is able to break the resistance at $0.0900, it will be unstoppable and a surge to $0.1000 will be inevitable. In fact, the key bullish trendline is at $0.0880. You’ll recall that the price of ADA traded above the $0.1000 level a few days ago but was faced with resistance that slowly pulled ADA back to the $0.0750 level where it found support. After a while, the price of Cardano started moving higher until it got to the $0.0820 level were it found resistance again. When the price of Cardano ADA started surging, it broke the resistance at the 23.6% Fibonacci retracement level of the last fall from $0.1015 to $0.0750 but struggled to gain enough momentum to rise above $0.0880.
Cardano (ADA) Price Today – ADA / USD
Right now, there is strong resistance around the 50% Fibonacci retracement level of the last fall from $0.1015 to $0.0750. This was followed by a gradual fall below the support at $0.0830. It wasn’t too long until the bulls gathered momentum to surge higher again. Right now, the key support for the price of Cardano is at $0.0750. If Cardano falls below this support, lower lows will follow. However, it’s unlikely that the price of Cardano is going to fall below this support. The bulls are in full control of the market. How high will Cardano go? We have already established that the price of Cardano will cross the $0.0900 near-term. After this, it will surge higher against the USD and Bitcoin. If the price of Cardano crosses $0.0900, the next resistance will be at $0.0920 and another will be at $0.0950. This will be the last resistance before $0.1000.
Cardano Price Prediction 2019 – Cardano News Today – Current Price Of Cardano ADA
At the time of writing, the price of Cardano ADA was $0.084269. This means that it is up by 3.68% against the USD and up by 1.48% against the price of BTC. The trading volume over a 24 hour period is $125,411,422 and the market capitalization is $2,184,858,771. Within the next few trading sessions, the price of Cardano ADA will most likely cross the $0.1000 level.
What do you think about the Cardano price prediction 2019 in our Cardano news today? Will the price of ADA surge against the USD? Share your thoughts in the comment section below.
Cardano (ADA) – More EMURGO-backed projects coming up that add value to the Cardano blockchain
With crypto prices swinging wildly, it is easy to get caught up in the price speculation. Not only is it tiring, but it can also be demotivating especially when your favorite project isn’t doing so well. For instance, in the last few days, Cardano has gained and lost in equal measure, and anyone who bought just before the crash is deep in losses.
The best way to stay focused in this space is to focus on the fundamentals, i.e. the value that a project is adding with each passing day. Using this metric, one quickly realizes that Cardano is one of the projects that have so much going on at the moment. All the teams involved with this project: Namely IOHK and Emurgo, are doing some amazing things behind the scenes.
“As Cardano is the first third generation blockchain written with high assurance code and utilizing formal methods, the data flow on the Cardano blockchain will be significant and require Cardano’s solutions to scalability, sustainability, and interoperability. While the blockchain industry as a whole is still in its nascent era, these kinds of insights offer greater trading transparency for regulators and institutions in the future which will help the overall maturation of our industry.”
This is a big deal, and a reason to believe in the long-term potential of Cardano (ADA). That’s considering the fact that the IOHK is making some interesting moves of its own. The IOHK is making significant steps towards making Cardano a truly decentralized blockchain. Charles Hoskinson has already promised that Shelley will happen this year.
The only reason why it has delayed is that coding takes time and for such a complex system, putting hard timelines on when things will get done may not lead to the desired results. Otherwise, big things are happening behind the scenes. Once Cardano becomes a complete project that is decentralized and has working smart contracts, it will be unrivaled in terms of technical capabilities. When you combine this with all the projects that are building on Cardano through Emurgo, it’s not hard to see why this is a worthy investment going into the future.
Cardano’s Charles Hoskinson and Monero’s Riccardo Spagni debate about auditable backdoor
Charles Hoskinson, the co-founder of Ethereum and CEO of IOHK, recently spoke about privacy and ZCash, in an interview with CoinDesk. Notably, the remarks made by Hoskinson grabbed the attention of Riccardo Spagni aka fluffypony, the lead maintainer of Monero [XMR]. However, this eventually resulted in a Twitter rebuttal between the two well-known crypto-influencers.
On Charles Hoskinson’s statements, Riccardo Spagni had stated on Twitter,“Thanks,
@IOHK_Charles, for reminding us why ZCash is a project that nobody should ever, ever trust with their privacy. Can’t wait for China to add an “auditable backdoor” to ZCash & encourage adoption. Best way to deal with dissidents.”
During the interview, Charles remarked that privacy was a “human right”, adding that “you have to approach it in a more nuanced way, is it completely transparent or is it completely private”. He stated,“You need to talk about auditable backdoors, you need to talk about the ability to share and breach the privacy of people that you desire. And ZCash is being a part of that conversation.”
This was followed by Hoskinson pointing out the paper published by ZCash last December, ZEXE, adding that team was working with “some great academics” and were also “providing a lot of innovation to the space”. The co-founder also remarked that ZCash was “fundamentally a sound project”.
Further, during a recent YouTube session called ‘Consensus Wrap Up and Some Housecleaning’, Hoskinson spoke about the statement made by Spagni, where he ‘mistakenly’ addressed fluffypony as “the Founder of Monero”. Hoskinson stated that some members of the Monero community misinterpreted his statements on auditable backdoors stating that “both Cardano and ZCash” were going to have “backdoors in the system” that would be given to a “government entity”.
He went on to state that this was “completely insane” and that it was not his “intention in [his] statement”, adding that those claims were “just a perversion”. He also stated that his initial comments were “in context” to Polymesh, the project Hoskinson would be working on alongside Polymath.“The statement was if you wanted to have privacy, the problem we exist in a world right now where you are either psydonomous or not private or totally private. It would be nice that you can embed within the transaction itself some capabitliy that you can give a third-party a key or some evidence and they could use that to verify the claims you’ve made the transaction”
This led to Spagni speaking about the youtube session on Twitter, which eventually resulted in the two having a heated debate regarding the situation.
Furthermore, this functionality is neither difficult nor complex – Monero has had viewkeys and tx keys since the outset. So either you're disingenuously trying to backpedal to obscure the real meaning of what you said, or you naively had no clue this functionality exists.
— Riccardo Spagni (@fluffypony) May 16, 2019
To this, Hoskinson replied stating that Spagni and the Monero community took his statements “completely out of context” in order to attack ZCash. He added, “This was disgusting and beneath you. I respect your work and monero, but this shouldn’t have happened”.
Again this is a disgusting misrepresentation. I cannot understand how this is difficult for you to parse. The context was in reference to polymesh not zcash or cardano. Zcash members have been writing research papers with applications in this area. There is no ZIP or CIP
— Charles Hoskinson (@IOHK_Charles) May 16, 2019
This was followed by Spagni clarifying that neither was there a claim of an existing backdoor nor any mention of Cardano. He further stated, “I never said there was an official proposal. Looks like we’re in total unity – thanks for confirming!”