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What is the Circumference of the Cardano (ADA) Ecosystem? Charles Hoskinson and the Dinosaurs egg

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The circumference of the Cardano (ADA) ecosystem spreads for as much as the aura of Charles Hoskinson can spread. Probably, as big as the Dinosaurs egg from the Mesozoic Era.

So, who is Charles Hoskinson? Charles Hoskinson is the founder of Cardano and co-founder of Ethereum, which are both blockchain platforms. He has achieved so much at 33 years of age.  Born November 5, 1987 – anyone who has listened to his whiteboard videos knows he starts with genesis.

Everything is an era, according to Charles.  Just like Mesozoic Era is split into three periods: the Triassic, Jurassic, and Cretaceous.

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Every video, every concept covered by Charles is worth the weight of the Triassic era, Jurassic era, and Cretaceous era.

Ask Charles about a synonym for a particular technology term, and he has references to words from a different era!

And, you ask someone as intrusive as Lex Friedman to interview Charles Hoskinson – The 5 hour’s video starts and Lex Friedman is struggling to earn his minutes to ask his questions! Charles Already knows what question Lex is going to ask, and he is already delivering the answer.  Suddenly, Charles realizes that Lex should be formally questioning him, and he permits him to question him. Before the question is over at all, he is already delivering the answer.

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Charles is so passionate about what he does that he represents solving and working on all the projects he ignored to work on to a great extent in his past incarnations/past lives.  He has a database of all the projects he ignored to work through the Era Genology.

Technically, he manages to dust out academic papers to support his projects.  And, he does it fairly urgently, not wasting minutes and seconds.

He has the database of knowledge worth right from the formation of the earth through 4000 million years ago through different EONs like Phanerozoic, Proterozoic, Archean, Hadean, and through Eras like 66 million years ago to the present.  He covers all the missed details from Cenozoic, Mesozoic, Paleozoic, Neoproterozoic, Mesoproterozoic, Neoarchean, Mesoarchean, Paleoarchean, Eoarchean, and he has already named what the forthcoming eras are to be.  Technically, he invented eras.

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Charles Hoskinson recently stated:  “It’s amazing how delusional some people are. This is honestly the level Cardano critics are at now. The next two months are going to be fun. Expect a lot of meltdowns and temper tantrums from the paint chip brigade.”

This Charles stated in response to “@IOHK_Charles will most likely completely clone another working POS chain and call it an update of $ADA and decorate it with fact-bending theses to make it look like it evolved; from the current GitHub.”

It just looks like Terrifying Transformations are awaiting the cryptocurrency space. ADA creates turns – they do not wait for any turns or opportunity.  They create it.

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And, an average investor is just beginning to do a Google search to understand what is Cardano (ADA)? To make things simple, Charles has already answered all the questions to help you understand them the ADA!

Introduction – What programming language is the simulation written in? – Favorite philosophers – Theory vs. engineering in cryptocurrency – What programming languages should everyone learn – Haskell and beyond – Plutus: Cardano’s smart contract platform based on Haskell – What is a blockchain? – Hybrid smart contracts – Proof of work vs. proof of stake – Cardano’s proof of stake consensus algorithm – What is Cardano? – Cardano vs. Ethereum vs. Bitcoin – The problem with Bitcoin – Bitcoin Conference – Ergo and Alex Chepurnoy – Cardano’s Extended UTXO Model – Chainlink and Oracle Networks – Cardano and Wolfram Alpha – The future of video games – Smart contracts timeline for Cardano – Decentralized exchanges – Jack Dorsey and Bitcoin – Elon Musk and Tesla: Cardano, Ethereum, Bitcoin – Dogecoin and Elon Musk – Hydra vs. Lightning Network – Non-Interactive Proofs of Proof-of-Work (NIPoPoWs) – Cardano failure modes – Cardano vs. Polkadot – Vitalik Buterin – Corrupting nature of power – Satoshi Nakamoto – Cardano’s vision for decentralized governance – Cardano in Ethiopia – El Salvador and Bitcoin – Cryptocurrency will inject capitalism with long-term incentives – Day in the life of Charles Hoskinson – Mushrooms – Joe Rogan – Video games – Advice for young people – Meaning of life.

Don’t you dare to pull words out of Charles Hoskinson’s mouth! He knows what he is talking about; only we need Thesaurus, Google, and tons of time to ultimately understand his vision for the world. ADA is a value-driven project.  Not a quick rich scam, but it has a purpose (s) for real-world human beings suffering through EONs.

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Cardano Price Analysis: ADA bulls and bears remain within a tight spot at $2.15

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  • Cardano price analysis is bullish today.
  • ADA/USD set a lower low overnight.
  • Cardano is likely to regain some of the loss today.

Cardano price analysis is now bullish, with a new lower low being established after a solid decline over the previous 24 hours. As a result, we expect ADA/USD to recover some of its loss later today as bears become weary.Cardano Price Analysis: ADA bulls and bears remain within a tight spot at $2.15 1 Cryptocurrency heat map. Source: Coin360

The overall market traded with mixed results over the last 24 hours. The market leaders, Bitcoin and Ethereum both traded in the red, with a loss of 2.88 and 2.99 percent, respectively. Meanwhile, Solana and VeChain (VET) dominate the market, with a gain of around 7.5 percent.

Cardano price movement in the last 24 hours: Cardano spikes below $2.15 previous low

During the last day, the ADA/USD pair fluctuated from a low of $2.13 to a high of $2.164, suggesting significant swings throughout that period. Volatility has increased by 27 percent, trading volume has increased by 27.43 percent and totaled $2.78 billion as of this writing, putting the coin in third place overall.

ADA/USD 4-hour chart: ADA set to reverse today?

On the daily chart, we can see Cardano’s price drop beginning to reverse as bears run out of steam after a significant fall.Cardano Price Analysis: ADA bulls and bears remain within a tight spot at $2.15 2ADA/USD 4-hour chart. Source: TradingView

Cardano’s price has remained stagnant for the previous several weeks. Cardano saw consolidation in a tighter range, with a lower peak at $2.30 near the start of October, after establishing a high low of $2.30 in early October.

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The next higher high of $2.30 was followed by a lower low set during the subsequent retracement, which was below $2.15. As a result, the overall trend for ADA/USD is still unclear.

We may see Cardano’s price recover some of its losses in the coming days. If a lower high is broken, we can anticipate bearish momentum to continue into next week.

Cardano Price Analysis: Conclusion 

Today’s Cardano price is in an upswing, according to most market forecasters. After a big drop, a new lower low was established today. Bearish momentum, on the other hand, has run its course, and we may expect a retracement in the next 24 hours.

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Cardano price hangs back as ADA bulls gather strength for 23% upswing

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  • Cardano price performance has been uneventful, as the token lagged behind while Bitcoin and Ethereum recorded new all-time highs.
  • ADA bulls appear to be struggling with the nearest obstacle at the 21 twelve-hour SMA.
  • Only a slice above $2.24 would put the 23% rally on the radar. 

Cardano price continues to confuse forecasts ADA teeters between two clearly defined technical levels. Until the Ethereum-killer can overcome the two key areas of resistance, the token can expect a 23% climb toward $2.73. 

Cardano bulls ready to tackle next obstacles

Cardano price presents a lack of clear directional bias as it continues to be sealed within a symmetrical triangle pattern on the 12-hour chart. Despite the recent uptick seen in the cryptocurrency market, witnessing Bitcoin and Ether reach new all-time highs, ADA lagged behind.

It appears that Cardano price is gearing up to tackle obstacles, despite the overwhelming strength of the resistances that are currently intimidating the bulls. The first hurdle for ADA is at the 21 twelve-hour Simple Moving Average (SMA) at $2.16. If the Ethereum-killer manages to slice above this level, the next headwind will emerge at the 23.6% Fibonacci retracement level, coinciding with the 50 twelve-hour SMA at $2.19.

According to the IntotheBlock’s In/Out of Money Around Price (IOMAP), the aforementioned level of resistance would be a challenging level to crack for the bulls, given that it is the largest cluster recorded by the technical metric, as 226,650 addresses purchased 7.82 billion ADA at an average price of $2.19.

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ADAUSDT

ADA IOMAP

If the buyers manage to slice above this stiff hurdle, would see Cardano price tag the upper boundary of the prevailing chart pattern at $2.24. Breaking above the topside trend line of the triangle would put the 23% climb on the radar for ADA, as the bulls attempt to reach for $2.73. 

ADAUSDT

ADA/USDT 12-hour chart

The bulls’ journey toward the optimistic target would still be tricky, as a resistance line given by the Momentum Reversal Indicator (MRI) has appeared at $2.30, which sits near the 100 twelve-hour SMA acting as a heavy headwind for Cardano price. ADA would also need to clear the $2.36, $2.50 and $2.64, corresponding to the 38.2%, 50% and 61.8% Fibonacci retracement levels, respectively, before reaching the projected target given by the chart pattern.

However, if a spike in sell orders occurs, Cardano price may fall toward the lower boundary of the symmetrical triangle at $2.10 to retest the trend line as support. If this level fails to hold, the bullish outlook may be ruined as ADA may drop toward the 200 twelve-hour SMA at $2.07 and at the same time put a bearish target of a 23% decline at $1.62 on the radar for the Ethereum-killer.

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Cardano Price Prediction: ADA poised to break out to $5

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  • Cardano price was rejected from moving higher against a fundamental Fibonacci retracement level (38.2%).
  • Bulls push higher during the Friday trade session despite solid selling on Thursday.
  • Technical analysis levels remain overwhelmingly bearish, but sellers are unable or unwilling to capitalize.

Cardano price has officially entered a whole month’s worth of increasingly constricted trading ranges. Neither buyers nor sellers have been able to throw any conviction in a single direction. Ichimoku Kinko Hyo levels show Cardano has a clear bearish bias.

Cardano price awaits bullish breakout despite the bearish setup

Cardano price action is a kind of an enigma with regards to the Ichimoku Kinko Hyo system. When an instrument has moved to a position that places it below Senkou Span A, Senkou Span B, the Kijun-Sen and Tenkan-Sen, that instrument often sells off. It will almost always drop within two to three periods if it doesn’t sell off right away. Cardano, however, has not done this.

Cardano is approaching a milestone of having seven consecutive daily closes below the Cloud. Because of the length of time in these bearish Ichimoku conditions and because of any strong push by sellers, Cardano is likely coiled for a bullish breakout. Over the next four days, the bottom of the Cloud rises and becomes thinner until the Kumo Twist on October 27th. Bulls eye any close at or above $1.36 to confirm the beginning of a probable bullish expansion phase.

ADA/USDT Daily Ichimoku Chart

However, Cardano has a technical bearish bias within the Ichimoku Kinko Hyo system, so it is more susceptible to downside pressure than upside potential. Considering there are a large number of Ichimoku levels that Cardano must breakout above to resume a bull market, the current weakness may be enough to cause the bears to step in over the weekend and pounce on Cardano to drive it lower. Failure to hold $1.90 as a support level will likely mean a return to the $1.70 value area.

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  • Cardano price was rejected from moving higher against a fundamental Fibonacci retracement level (38.2%).
  • Bulls push higher during the Friday trade session despite solid selling on Thursday.
  • Technical analysis levels remain overwhelmingly bearish, but sellers are unable or unwilling to capitalize.

Cardano price has officially entered a whole month’s worth of increasingly constricted trading ranges. Neither buyers nor sellers have been able to throw any conviction in a single direction. Ichimoku Kinko Hyo levels show Cardano has a clear bearish bias.

Cardano price awaits bullish breakout despite the bearish setup

Cardano price action is a kind of an enigma with regards to the Ichimoku Kinko Hyo system. When an instrument has moved to a position that places it below Senkou Span A, Senkou Span B, the Kijun-Sen and Tenkan-Sen, that instrument often sells off. It will almost always drop within two to three periods if it doesn’t sell off right away. Cardano, however, has not done this.

Cardano is approaching a milestone of having seven consecutive daily closes below the Cloud. Because of the length of time in these bearish Ichimoku conditions and because of any strong push by sellers, Cardano is likely coiled for a bullish breakout. Over the next four days, the bottom of the Cloud rises and becomes thinner until the Kumo Twist on October 27th. Bulls eye any close at or above $1.36 to confirm the beginning of a probable bullish expansion phase.

ADA/USDT Daily Ichimoku Chart

However, Cardano has a technical bearish bias within the Ichimoku Kinko Hyo system, so it is more susceptible to downside pressure than upside potential. Considering there are a large number of Ichimoku levels that Cardano must breakout above to resume a bull market, the current weakness may be enough to cause the bears to step in over the weekend and pounce on Cardano to drive it lower. Failure to hold $1.90 as a support level will likely mean a return to the $1.70 value area.

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