Cardano ADA continues to slip as we round up the second week in August. The opening days of the month saw a slight rise in the value of the coin but the sustainability of the growth has been the bane of the coin. It has been a difficult period for most coins in the cryptocurrency industry and Cardano ADA has followed the downward pattern of the other coins.
Cardano News Today – Cardano Price Prediction 2019 – ADA Price Prediction – Cardano Price Analysis
Cardano ADA lost up to 6% in the last 24 hours and the value has dipped from $0.0506 to $0.0480. This fall in price didn’t come as a surprise to cryptocurrency researchers and analysts as the Cardano ADA price prediction made foresaw the coin bowing to bearish pressure. Researchers do not see the coin pushing out of the present bearish trend in the next couple of days. Other ADA price prediction sees the coin dropping to below the third support level of $0.0414.
Cardano (ADA) Price Today – ADA / USD
The coin’s tumble in the last 24 hours saw it oscillate from $0.052 to $0.047. It managed to climb back to $0.049 but towards the end of business last night to decline to a low of about $0.041. The coin again rose slightly during the early hours of business today and finally settled at $0.048. The coin’s present position is uncertain as it could find support in the next level and make a slight increment or it could drop under bearish pressure to the lower support level.
The resistance levels for Cardano ADA are $0.0506, $0.0536 and $0.0555. The support levels are $0.046, $0.044 and $0.041. The future outlook for the coin doesn’t look too promising and there are speculations that the coin may drop in price before the end of the week. This means that immediate investors will most likely not touch the ADA until it begins to show signs of pulling out of the present slump that it has entered. This could further drive the ADA down in price and make it fall beneath the third support level.
Cardano News Today – Cardano Price Prediction 2019 – ADA Price Analysis – All Is Not Lost For The ADA In The Long Term
Cardano ADA news learned that the future Cardano price prediction seem favorable for Cardano. Analysts see the present position of the 13th ranked cryptocurrency coin to be short-lived and believe that the coin is still profitable and a good asset for investors. The ADA price prediction for 2019 sees the value of the coin reaching $0.050. More enthusiastic analysts project that the coin will reach the $1.00 mark by 2020. The ADA has only crossed the $1.00 mark when it had an all-time high of $1.33 on January 2018. It had an all-time low of $0.017 in October 2017.
ardano ADA has a Return On Investment (ROI) of 128.32%. While this may be seen as an increase, it does not stand favorably with other coins in the cryptocurrency market. The market cap for the coin is about $1.2 billion while there are 25 billion ADA in circulation. ADA 24-hour volume trading rests at $49.3 million.
What do you think about the Cardano (ADA) price prediction 2019 in our Cardano news today? Share your thoughts in the comment section below.
Cardano Founder to Fight Crypto-Youtuber in MMA Match for Charity
YouTuber ChicoCrypto and the founder of Cardano may be in the ring soon for an MMA match. The planned fight will be to raise money for St. Judes Children’s Hospital.
In an unexpected turn, we may soon see the first MMA match between two figures in the cryptocurrency world. Jason Appleton (@jasonappleton) has set up a fighting match between YouTuber ChicoCrypto and Cardano (ADA) Founder, Charles Hoskinson. The boxing match will be done with the intention of sharing all the profits with St. Judes Children’s Hospital. What started off as a joke may actually end up becoming reality.
Hoskinson responded to Appleton’s request with a definitive ‘yes.’ “Let’s raise a million for the kids,” he writes. He seemed ready and eager to go through with the plan.
ChicoCrypto has also affirmed his intention to go through with the fight. He confirmed his intention of taking on Hoskinson during his own live stream. The fight is supposed to be in August 2020, which gives both fighters around 9 months to prepare.
The planned fight between the Cardano founder and ChicoCrypto has inspired others to amusingly imagine other leaders in the cryptocurrency world going head-to-head. As Altcoin Jack (@JackofAltcoins) writes, there are quite a few fights that many in the cryptocurrency world would probably pay to see.
Some, however, were not amused and even annoyed that this story was clogging up “real news” on Cardano (ADA). One user writes that he doesn’t look forward to hearing about this for the next 9 months and hopes “this whole thing dies.”
The idea probably came from the recent boxing match between KSI and Logan Paul which amassed significant media buzz. Although nowhere on the same level, the fight between ChicoCrypto and the Cardano founder would undeniably bring significant buzz to the industry, albeit for the wrong reasons some would say. Recently, ChicoCrypto drew attention to himself by claiming that Bakkt was Wall Street’s attack on Bitcoin.
For now, the fight is on—and if the two do end up raising “millions for the kids,” then it’d be a net positive for everyone. The naysayers may be proven wrong after all if it’s all for a good cause.
Charles Hoskinson Plots Path Forward for the Cardano Foundation, the ‘Single Most Important Entity’ for Its Decentralization
Although building a public blockchain network that can scale for billions of users has been a rough ride at times, Cardano creator Charles Hoskinson says the Cardano Foundation, whose leader, Michael Parsons, stepped down last year, is the engine that will drive the platform toward true decentralization.
In a new video on YouTube, Hoskinson reveals that the Foundation had a litany of problems — from bookkeeping to human resources to the lack of a proper internal control system — that needed to be addressed before it could resume its course of supporting project developments.
After experts were brought in to “clean up the mess”, Hoskinson says they set the Foundation on track to market the protocol.
“The single most important entity for the long-term decentralization of Cardano has always been the Cardano Foundation. And that’s because that’s the entity that will shepherd the process upon which community management is done.
That’s the entity that’s going to shepherd the meaningful relationships that are required for liquidity in the markets. It’s the entity that’s going to shepherd adoption. It’s the entity that’s going to shepherd the Cardano improvement proposal process and the gradual decentralization of Cardano to a point where it makes itself obsolete.”
Hoskinson, head of IOHK, the research company behind Cardano, believes that once the Foundation does its job, everyone should resign.
“We’re getting to a point where the Foundation is really starting to get proper infrastructure. It’s starting to get proper processes, starting to get proper people and personnel behind it to augment the existing personnel who were both demoralized and overworked because of a lack of care and focus and attention.
And I have the utmost confidence and trust and faith in the people there, and I know that these people care about Cardano and have the requisite skills necessary to be able to complete that second phase and then shepherd the creation of a third phase and then, of course, resign.
The entire board, my preference would be, within a year to two years, should not be there. They’re an interim board. They’re there to fix things that should have been fixed, should have been running a long time ago. And after they’ve served their time, they’ll move on to brighter pastures. The entire Foundation then will be run by others who are totally independent of IOHK and other entities in the ecosystem.”
Cardano News Today – Top Headline for Cardano ADA December 7th, 2019
- Will Cardano’s ADA overcome the Bears grip?
- Cardano Price Analysis – Upward and downward price trend
- Cardano getting prepare for the big push in 2020 – Charles Hoskinson
Cardano News Today – The founder of Cardano, Charles Hoskinson declares that the stage is preparing for a major advertising push one year from now. This declaration has the prospect of positively impacting the ADA coin. December 1st, 2019 saw the upward price movement of ADA but soon declined by 4.51%. Then, the 6% decline was seen the same day with Cardano price declining as low as $0.037515. On December 4, the digital coin’s price was at $0.038502, and if it is to be compared with the current price, ADA coin is showing a downward trend by 2%.
Yesterday, Cardano’s lowest recorded price was $0.036294. After that, it has managed to surge by 6.47% and reach $0.038642. Currently, the ADA coin is showing some signs of upward momentum. With this fluctuating price trend, Cardano may be traded at $0.037746 as it is displaying an upward movement as per the current trend observed.
It is expected to hold the existing coins to gain short-term profit. Looking at the price movement of the coin from the start of this month, the coin has traded above the baseline just for the first two days. Regardless, the interim increases in between, the bears have had a significant hold on the currency.
Cardano getting prepare for the big push in 2020 – Charles Hoskinson
The CEO of Cardano, Charles Hoskinson declares that the Cardano team is working effortlessly with several marketing groups to prepare for the big push. The CEO made this statement in a discussion he had on YouTube where he took time to explain the coin’s plans for next year.
Hoskinson held an AMA on YouTube and other platforms, discussing the 2020 road map for Cardano. He started his discussion by analyzing the current situation for the coin, and how things are falling in place. During the discussion, he made mention of the current progress of the upcoming Shelly update. And reported that the Balance Snapshot has been completed.
Cardano (ADA) Price Today – ADA / USD
According to Hoskinson, the crypto platform aims to bring in more clients and thus dominate the crypto market. Hoskinson explained that its platform can carry out 1 billion transactions. Also, he encouraged the Cardano team to work swiftly so the brand will enter the main market as planned. Generally, Hoskinson envisages the huge and successful year 2020 for ADA.