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Cardano [ADA]

Weiss Crypto Ratings Shines Light On Cardano On Twitter

  • Weiss Crypto rating is a prominent reviewer of digital assets that recently has shared an optimistic report of Cardano (ADA) on its twitter handle.
  • Weiss Crypto is eager to see what changes Cardano can bring to the Decentralised Financial network (DeFi).
  • Cardano has recorded a circulating supply of 25,927,070,538 ADA and is ranked at #11 by CoinMarketCap.

Weiss Crypto rating is a prominent reviewer of digital assets that recently has shared an optimistic report of Cardano (ADA) on its twitter handle. Weiss Crypto Ratings has admired that Cardano brings out a new approach and perspective to the cryptocurrency community, and the team behind Cardano has done a lot of research in making that perspective a reality.

Weiss Crypto is eager to see what changes Cardano can bring to the Decentralised Financial network (DeFi). The team behind Cardano is certain that many good projects are circling the Cardano ecosystem, but the scientific research, academic peer review, formal verification, 3rd party security audits are the exceptional features of Cardano, said the report team on twitter.

Many of the replies on the post by Weiss Crypto Ratings were eager on the Cardano Mainnet launch along with the staking; the official dates are, however, not disclosed. ADA is now coming into the light after its series of developments and is going to change the face of commercialization, said an ADA enthusiast on twitter.

Weiss Crypto is based in Flo Rida, USA, and has been providing unbiased reviews on cryptocurrency since its launch in April 2012. It also provides trusted ratings on Stocks, Mutual funds, ETF’s, and Financial Institutions.

Its official website houses real-time data of the market, and analytical graphs projected 24 hours live. It also shares exclusive articles on Crypto-related and Blockchain topics.

Cardano is continuing the bull rally at 1.80% average growth, with the market value of $0.0706, ADA has a market capitalization of $1,825,428,752 with the 24-hour trading volume of $184,776,318.

Cardano has recorded a circulating supply of 25,927,070,538 ADA and is ranked at #11 by CoinMarketCap missing the top 10 spots by a few steps. ADA’s ROI stands at positive 225.15% and is expected to grow further.

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Cardano [ADA]

Cardano (ADA) sees huge YTD network activity growth

The Cardano (ADA) network has seen its network activity steadily rise this year, with metrics such as the number of daily active addresses, the total number of addresses, and the number of transactions all going up. According to data from IntoTheBlock, the network reached its ATH with almost 10,000 active addresses on Feb 12, which is a 319 percent increase since Jan. 1, 2020.

The Cardano network is thriving with a huge increase in activity

After years of research and slow development, the Cardano network is now closer than ever to being open for business. The launch of the incentivized testnet for the Shelley era of the Cardano blockchain incited a lot of the Cardano community to take action and participate in the network, leading to its immense success.

As time goes by, more and more users seem to be flocking to Cardano—2020 looks like it’s going to be a breakthrough year for the promising blockchain project.

According to data from IntoTheBlock, the blockchain has been thriving this year, seeing almost every network-related metric go up since the beginning of the year. In a Feb. 17 tweet, the company showed that the number of daily active addresses on Cardano reached their all-time-high on Feb. 12 with 9,760 addresses. This, the company said, represents a 319 percent increase from the 2,330 addresses that were active on Jan. 1.

Graph showing the number of daily active addresses for the Cardano network since Jan. 1, 2020
Graph showing the number of daily active addresses for the Cardano network since Jan. 1, 2020

Active address ratio went up

The active address ratio on the Cardano network has seen a 231 percent rise from the beginning of the year.

The network’s Jan. 1 active address ratio was 0.58 percent. On Feb. 17, the network saw an active address ratio of 1.93 percent. That means that 1.93 percent of the addresses on the network have made at least one transaction on Feb. 17.

Graph showing the active address ratio on the Cardano network from Jan. 1 to Feb. 17
Graph showing the active address ratio on the Cardano network from Jan. 1 to Feb. 17. (Source: IntoTheBlock)

The overall number of transactions on the network has also been on the rise, seeing an average of 3,610 transactions daily in the past week. The network’s 4,230 transactions recorded earlier this month represent a huge increase from the beginning of the year when the network dipped with around 1000 transactions.

Graph showing the total number of transactions on the Cardano network since Oct. 2017
Graph showing the total number of transactions on the Cardano network since Oct. 2017. (Source: IntoTheBlock)

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Cardano [ADA]

Cardano Latest News – Top Headline for Cardano ADA, February 18th, 2020

  • Silicon Valley next Milestone for Cardano?
  • IOHK Open A New Research Lab At Wyoming University

Cardano Latest Update – As declared by the CEO and Co-Founder of IOHK, Charles Hoskinson in a recent Ask Me Anything session, Hoskinson stated that Cardano could soon start looking into big tech hubs on the world, like Silicon Valley. Cardano Shelley – according to reports, there have been talks/meetings in regards to the same with Emurgo, Hoskinson added that the Cardano Shelley ecosystem will be perfect to commence its negotiation in the near term.

Hoskinson went thus: “When Goguen hits or shortly before Goguen, I think that is our time to go and really aggressively push things on Silicon Valley. Silicon Valley has a unique and lukewarm relationship with cryptocurrencies. They like building things, likes doing creative new things.”
Cardano Shelley – Hoskinson added that subsequent to the creation of Cardano’s ADA, they made their own platform which paved the way for a whole new area of venture which was established mainly in Silicon Valley. Cardano Shelley – Hoskinson believes it is quite important to have a big presence in this aspect of the world. He went thus:
“You need to teach people how to deploy solutions on our platform and the burden is upon us to have great developer experience and for that infrastructure to help developers get to their solutions.”
Cardano News Update – According to Hoskinson, after these targets are met, it is not going to be an easy task for the foundation to completely move to Silicon Valley. He also added that it won’t be an easy task either settling in anywhere in the world lie Tokyo or New York.

IOHK Open A New Research Lab At Wyoming University.

Cardano News Today – IOHK recently opened a research center at the University of Wyoming after realizing a $500,000 donation made wholly in ADA cryptocurrency. This announcement was made at the end of last week by IOHK that the new research and validation center would form part of the Universities Blockchain Research and Development Lab. Cardano staking – With this creation, it will help enhance IOHK academic approach to blockchain development.
According to the official statement by IOHK, the new center will feature a new Plutus development facility that will offer developers of blockchain with an applied lab for writing code in the smart contract language of Cardano. Cardano Staking – in addition, tools and resources will be utilized to experiment with new solutions.
Cardano (ADA) Price Today – ADA / USD

NamePrice
Cardano$0.0623.53%

Cardano Staking – Also, there will be a design studio for a new hardware tool that will help validation and combating fake applications in the cryptocurrency. Hoskinson attended the ceremony that signified the opening of the research lab in Wyoming state.


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Cardano [ADA]

Cardano News Today – Cardano ADA Loses Bullish Push After Days

  • Cardano ADA’s price has slackened by 7.27% during the past 24 hours 
  • The price of Cardano may fall to the $0.057715 support area
  • The Cardano ADA price has no support from the short-term daily MA’s 

Cardano news Today – The price of ADA has been less impressive in the last 24 hours. This is after the market situation changed from bullish to bearish. The overall grim state of the digital asset market appears to have impacted the price movement of Cardano. In the past 24 hours pf trade, the digital currency has lost some ground. The price of Cardano has lost around 7.27%. Its value has slipped from the $0.064111 area to the $0.059445 position which was its price at press time. There is no imminent recovery movement going by the current trend. Let’s see how this issue with ADA happened.

Cardano (ADA) Price Today – ADA / USD

NamePrice
Cardano$0.059-4.68%

Cardano Price Prediction: ADA Opened Trade Today at $0.064111

The ADA coin opened trading for the day at the $0.064111 area. During the initial three hours plus, the price of ADA posted a 4.52% increase which took its price to $0.067006 which has now become the highest point for today since trade began. From this high price position, the price of Cardano started to trade downwards. It eventually fell to the $0.05669 area at 16:53 UTC. In the last 13 hours and 22 minutes before it completed 24 hours, ADA faced a steep fall which made it lose 15.39% in value before it moved down to the $0.056691 area. After ADA registered this steep movement, its next action was followed by a brief price recovery which added 11.02% to the coin’s value. The price position that the coin reached was at $0.062937. In the next two hours, the price of Cardano coin dropped by 5.29% falling to the $0.059621 area.

The Price of Cardano ADA is Trading at $0.059445 as of Press Time

Cardano News Today – The price of ADA at press time stands at $0.059445. This price point was the end product of a drop of 7.72% for the coin in the last 24 hours. The price of Cardano is now lagging behind its 50-day moving average at $0.060386 and its 20-day moving average of $0.060029 (indicating a 1.55% and 0.97% drop in value respectively). In the coming days, it appears ADA may still struggle as experts don’t see any good prospects for the coin. As per the ADA technical indicators, the coin’s price is set to cross the support position of $0.057715 in the coming hours. After which it will start trading further below. Investors should not expect any huge price recovery for ADA in the short-term.

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