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Cardano Gold ICO disclosed as a complete scam, gets discontinued

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  • Cardano Gold Coin ICO set a record for the shortest and the fakest ICO to date.
  • Cardano Gold Coin also listed famous cryptocurrency developers/influencers as its team.

The Cardano Gold Coin ICO was rolled out recently but it went offline after a while. It also set a record for the shortest and the fakest ICO to date. The construction of the website was substandard, offering “6,00,000 coins [sic] for $25.20 each.”  It also listed famous cryptocurrency developers/influencers as its team. They listed Enrico Campagnol as the CEO and Arnab Naskar as the crowd sales advisor. Both of them posted on twitter that they have nothing to do with Cardano Gold Coin and that it is a scam. 

The Cardano Foundation quickly pointed out that Cardano Gold Coin had nothing to do with the Cardano (ADA) cryptocurrency. They labeled the Cardano Gold Coin as a scam in a tweet: 

#Cardano Gold is not associated with us in any way. It is infringing on our trademark and violating our registered TM. Cardano Gold’s use of our trademark is illegal and we urge you to beware of this #scam.

Cardano Gold Coin also stole ideas for its agenda from other projects. The company would reportedly grant cryptocurrency debit cards, which is something that Monaco (MCO) and TenX had planned to carry out previously. 

The Cardano Gold Coin site is no longer available and are facing potential lawsuits from the Cardano Foundation and the people that were fraudulently listed as their team members. The website, however, can still be viewed using the wayback machine.

ADA/USD daily chart

fxsoriginal

ADA/USD has had a heavily bearish Friday, where the price fell from $0.043 to $0.042. Currently, ADA/USD is priced around $0.0425. The price has found support on the 20-day Simple Moving Average (SMA 20) and SMA 50 curves. SMA 20 has crossed over the SMA 50, which is a bullish session.

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Cardano [ADA]

Cardano News Today – Top Headline for Cardano ADA, November 19th

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  • EMURGO’s Milestones Revealed: How Well has Cardano’s Commercial Arm Done? 

EMURGO is the commercial arm of the Cardano Blockchain. It was founded in 2017 in Japan. The platform has expanded to countries like Singapore, India, Indonesia, and New York. EMURGO must closely work with the Cardano Foundation and IOHK to grow the Cardano ecosystem on a global scale and promote the network’s adoption. The CEO of EMURGO is Ken Kodama. 

EMURGO Reports Its Milestones Crossed So Far

Through EMURGO’s four different business units, the firm has developed in-house focused products for the good of the Cardano community globally. One of the products in question include the Yoroi Wallet. The Yoroi Wallet is an open-source codebase library that allows third-party developers and enterprises to make their secure light wallets. It allows developers to explore Cardano on mobile devices and Internet browsers.

EMURGO also announced an investment into Y2X. The collaboration is meant to offer a forum for entrepreneurs to gather capital for expansion from Securities Token Offerings (STOs) or other means. EMURGO also launched dLab/EMURGO in collaboration with SOSV. The goal is to accelerate quality Blockchain projects that have real use cases concerning Cardano. There is also evidence that EMURGO recognizes how important Blockchain developer education is. Thus, it went on to launch an education business unit in India via the establishment of an extension of EMURGO in India earlier in the year. The goal is to offer a range of tailored Blockchain education courses for college students and career professionals, as well as enterprises.

Cardano (ADA) Price Today – ADA / USD

NamePrice
Cardano$0.042-5.91%

Another EMURGO unit in Indonesia focuses on providing Blockchain education workshops as well as Blockchain courses in collaboration with local universities. There is a growing debate on Blockchain technology utilities in India and Southeast Asia. The goal is to offer societal and economic benefits to local industries.

In a bid to add value to ADA holders, EMURGO forged partnerships to make onramps for high ADA liquidity plus use cases. Last year, Cardano’s commercial arm partnered with South Korea’s Metaps Plus. The goal is to offer a Cardano Crypto Card that will be accepted by 30,000 offline retail merchants in the Asian country. The collaboration also launched ADA payments for retail merchants in Okinawa, Japan. In the last two years, EMURGO has built up a solid social media base with a vast number of social media followers in all of its channels. It has also amassed more than 100,000 views on its Monthly Cardano Progress Report videos. EMURGO has also amassed 130 comprehensive blog contents available for free on the GitHub library.

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Cardano [ADA]

ADA Price Analysis: Will Cardano Continue Its Upsurge?

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The year 2019 has been kind of overwhelming for Cardona (ADA) with major highs and lows. The coin had reached its high in July 2019. Since then, the coin has been in a bearish trend, often being in the red zone. The past week had been better for ADA as it has seen growth in ADA/USD price.

Cardona (ADA) coin is in the 12th position as per the coinmarketcap data as of writing. The ADA coin has seen a steady surge of around 3% in the last 24 hrs. At present, the ADA/USD price is $0.045314 USD with a 3.06% growth rate, while the ADA/BTC price is 0.00000529 BTC with a 2.8% surge. The 24hr volume is $83,226,650 USD while the circulating supply is 25,927,070,538 ADA.

ADA Price Analysis for the last 7 days:

As seen in the chart below, the ADA coin had been in a bearish zone, dipping to $0.042 USD on 16th November. But since Nov 17, late hours, the Cardona coin has seen a great surge of approx 3%. This trend continues as of writing. The current surge rate is 3.06% and Analysts see a bullish trend continuing.

The ascent, which has occurred during the last two days, proves that Cardano ADA is on the rise. Cardano could easily spend another few days in the current value area before breaking out. Further, it could initiate a rapid price increase. 

Moreover, the project’s founder, Charles Hoskinson believes that Cardona will be a “Beast” in the upcoming year. He says, ADA is surely among the coins to be sought out for in 2020.

What do you think of this ADA price analysis? Do you think ADA will continue its upsurge? Will the Bear trend gain momentum? Share your views on our Facebook and Twitter pages.

Source: dailyhodl

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Cardano [ADA]

Cardano (ADA) Indicates Flourish Day Ahead

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Cardano is currently registering improvement in the price from the last few days. The ADA coin was at $0.0416 on November 01, 2019, and today it is at $0.0448. The growth in the coin price amidst heavy market volatility has given some hope to the traders. Also, the intraday price movement is quite impressive as the price of Cardano is moving towards its next resistance level.

Yesterday, the ADA price was seen dealing as high as $0.046423 and as low as $0.043670. The volume of Cardano is noted as $74,834,540.

Cardano Price Prediction

Yesterday, the ADA coin started dealing at $0.043910. The price slipped to $0.04308 by 1.83%. The price counter improved in the later hours and touched $0.04577 by 6.24% hike. The later hours experienced a pullback in the price. Cardano price shifted to $0.04487 by 1.97%. The intraday movement in ADA coin reflected an overall uptrend of 2.19%. Today, Cardano started the day the $0.04487. The price shifted to $0.044380 by 1.09%. The price is on the recovery spree and moved to $0.0448 by 1.10%.

Cardano price
ADA Chart By TradingView

Cardano is popularly known for its result-yielding capacity. The price of the ADA coin is currently positioned at $0.044870. The movement in the price is tilted towards the immediate resistance level at $0.0466. It would be a surprise if the coin breached the next resistance level at $0.0479. The currency would improve further in the coming days. The interested traders are recommended to pick long-term investment as it would give a colossal return in the future.

Resistance LevelPriceSupport LevelPrice
R1$0.046673S1$0.04392
R2$0.047924S2$0.042418
R3$0.049426S3$0.041167

Source: cryptonewsz

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