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Cardano scripts can sign messages, enhancing the developer experience and competing with Ethereum
According to U.Today, Cardano (ADA) scripts may soon be able to record on-chain messages, making the network more developer-friendly and potentially more optimized than its main competitor, Ethereum (ETH). This new capability could open up new use cases for Cardano decentralized applications. Sebastien Guillemot, a senior Cardano contributor, shared a detailed analysis of this design in a Twitter thread.
š©·
#ada/usdt
Price is trading above the ma 50 and trying to breakout from the dashed resistanceš
Up we go to the upper border of the ascending channel after breakoutāļø #ada #bitcoin #btc #cardano
Price is trading above the ma 50 and trying to breakout from the dashed resistanceš
Up we go to the upper border of the ascending channel after breakoutāļø #ada #bitcoin #btc #cardano
š
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$ADA
CaptainAltcoin
--
Technical Analyst Reveals Cardano (ADA) Bottoming Out, Points to Key Buying Price As Altcoinsā Co...
A popular crypto analyst on X is suggesting that Cardano (ADA) may be nearing a bottoming out phase after a 30% pullback, pointing to potential buying opportunities for the altcoin as it gears up for a rally.
The analyst, known as Av_Sebastian, stated in a recent tweet: ā$ADA had a 30% retrace and is close to bottoming out. RSI hit support line while the price is also in a support range. We could see a bit more downside, if we hit $0.55 Iām buying. If we bounce from here, we are setting a higher low, the next leg up will be epic.ā
For those unfamiliar, the RSI (Relative Strength Index) is a technical indicator that measures the momentum of recent price changes to evaluate overbought or oversold conditions.
Our further analysis suggests that ADAās current price is around $0.6, and on the weekly timeframe, it appears to be retesting support levels. A successful weekly close above the key $0.6 support could confirm the return of bullish control.
Another crypto analyst, who goes by the name World Of Charts, shared a similar outlook regarding the altcoin market, including Cardano (ADA). According to the analystās tweet, the recent correction or pullback period for altcoins (cryptocurrencies other than Bitcoin) appears to be nearing its end.
Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?
The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGXās upcoming launch on major exchanges.
Show more +Show less ā
The analyst observed that the overall market capitalization of altcoins is currently forming a bullish flag pattern on shorter timeframes. A bullish flag pattern is a technical analysis formation that typically signals a continuation of an upward trend after a brief period of consolidation or pullback.
If this bullish flag pattern is confirmed by a successful breakout, it could potentially lead to a relief rally for altcoins soon. A relief rally refers to a sharp upward price movement after a significant decline, as investors feel ārelievedā and start buying back in.
You may also be interested in:
Polkadot āLooks Goodā Long-term Says Elite Trader, Predicts new ATH for DOT
This Indicator Nailed Polygon (MATIC) Price Predictions Since Mid-February: Hereās What It Flashes Now
The Next Big Meme: Koala Coin (KLC) Gains Rapid Popularity Among Shiba Inu (SHIB) & Bitcoin Cash (BCH) Supporters
Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters
The post Technical Analyst Reveals Cardano (ADA) Bottoming Out, Points to Key Buying Price as Altcoinsā Correction Nearsā appeared first on CaptainAltcoin.
The analyst, known as Av_Sebastian, stated in a recent tweet: ā$ADA had a 30% retrace and is close to bottoming out. RSI hit support line while the price is also in a support range. We could see a bit more downside, if we hit $0.55 Iām buying. If we bounce from here, we are setting a higher low, the next leg up will be epic.ā
For those unfamiliar, the RSI (Relative Strength Index) is a technical indicator that measures the momentum of recent price changes to evaluate overbought or oversold conditions.
Our further analysis suggests that ADAās current price is around $0.6, and on the weekly timeframe, it appears to be retesting support levels. A successful weekly close above the key $0.6 support could confirm the return of bullish control.
Another crypto analyst, who goes by the name World Of Charts, shared a similar outlook regarding the altcoin market, including Cardano (ADA). According to the analystās tweet, the recent correction or pullback period for altcoins (cryptocurrencies other than Bitcoin) appears to be nearing its end.
Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?
The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGXās upcoming launch on major exchanges.
Show more +Show less ā
The analyst observed that the overall market capitalization of altcoins is currently forming a bullish flag pattern on shorter timeframes. A bullish flag pattern is a technical analysis formation that typically signals a continuation of an upward trend after a brief period of consolidation or pullback.
If this bullish flag pattern is confirmed by a successful breakout, it could potentially lead to a relief rally for altcoins soon. A relief rally refers to a sharp upward price movement after a significant decline, as investors feel ārelievedā and start buying back in.
You may also be interested in:
Polkadot āLooks Goodā Long-term Says Elite Trader, Predicts new ATH for DOT
This Indicator Nailed Polygon (MATIC) Price Predictions Since Mid-February: Hereās What It Flashes Now
The Next Big Meme: Koala Coin (KLC) Gains Rapid Popularity Among Shiba Inu (SHIB) & Bitcoin Cash (BCH) Supporters
Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters
The post Technical Analyst Reveals Cardano (ADA) Bottoming Out, Points to Key Buying Price as Altcoinsā Correction Nearsā appeared first on CaptainAltcoin.
What would someone think who hadn't looked at prices for 6 months? š§
I would see bitcoin at more than 60k and people with a bearish attitude
I think your head would explode if you are new to cryptosš¤Æ
If you have already experienced another halving, you surely don't care what people say š
$BTC
I would see bitcoin at more than 60k and people with a bearish attitude
I think your head would explode if you are new to cryptosš¤Æ
If you have already experienced another halving, you surely don't care what people say š
$BTC
See original
THERE š
Crypto Web3 Today
--
Bullish
Cardano (ADA) Outshines Ethereum (ETH) in
Developer Activity.
Proof-of-stake (POS) layer-1 (L1) blockchain protocol Cardano (ADA) has sustained its position as the leading network, when profiled by development activity. According to data from crypto analytics platform Into TheBlock (ITB), Cardano's GitHub Commits have outranked those of Ethereum (ETH), as well as the other top layer-1 blockchain networks.
Cardano and its peers.
According to ITB data, Cardano has recorded a total of 978,780 commits on GitHub between March 11 and 17. This figure places it above its second major rival, Ethereum, whose collated data within the same period comes in at 407,170.
Other featured L1 protocols include Avalanche (AVAX), Litecoin (LTC) and Tron (TRX). While they have also received significant developer commits over the past week, they still lag behind Cardano. The ITB data pegs the commit counts for Avalanche at 315,770, while that of Litecoin and Tron comes in at 84,110 and 79,380, respectively.
According to some market experts, developer activity serves as a direct reflection of the prospects of the protocol. While not necessarily true, more commits might imply more decentralized applications (dApps) being launched. It also implies updates and upgrades to existing applications, a move that can solidify the resilience of the protocols overall.
Price impact of vommits.
With more robust developer activities, the general expectation is that it will translate into a positive uptick in volume and price. However, the opposite trend has been seen in the price of Cardano thus far. The coin has been consistently down below the $1 price mark since April 2022.
At the time of writing, ADA is also changing hands for $0.6085, down by 10.16% in the past 24 hours. Despite the visible bullish GitHub commit data, the coin has given up its gains over the past week, where its price is now down by 18.32%.
#Write2Earnā¬
Developer Activity.
Proof-of-stake (POS) layer-1 (L1) blockchain protocol Cardano (ADA) has sustained its position as the leading network, when profiled by development activity. According to data from crypto analytics platform Into TheBlock (ITB), Cardano's GitHub Commits have outranked those of Ethereum (ETH), as well as the other top layer-1 blockchain networks.
Cardano and its peers.
According to ITB data, Cardano has recorded a total of 978,780 commits on GitHub between March 11 and 17. This figure places it above its second major rival, Ethereum, whose collated data within the same period comes in at 407,170.
Other featured L1 protocols include Avalanche (AVAX), Litecoin (LTC) and Tron (TRX). While they have also received significant developer commits over the past week, they still lag behind Cardano. The ITB data pegs the commit counts for Avalanche at 315,770, while that of Litecoin and Tron comes in at 84,110 and 79,380, respectively.
According to some market experts, developer activity serves as a direct reflection of the prospects of the protocol. While not necessarily true, more commits might imply more decentralized applications (dApps) being launched. It also implies updates and upgrades to existing applications, a move that can solidify the resilience of the protocols overall.
Price impact of vommits.
With more robust developer activities, the general expectation is that it will translate into a positive uptick in volume and price. However, the opposite trend has been seen in the price of Cardano thus far. The coin has been consistently down below the $1 price mark since April 2022.
At the time of writing, ADA is also changing hands for $0.6085, down by 10.16% in the past 24 hours. Despite the visible bullish GitHub commit data, the coin has given up its gains over the past week, where its price is now down by 18.32%.
#Write2Earnā¬
I got the price range right, but the launchpools are getting lower every time.. š§
The supply of tokens at the launch of ethfi will be a little less than 120 millionš
The last launchpool launch was around 322 million market capitalization, and other previous launches were around 500 million.š#ETHFI.
Knowing this more or less we can estimate the price of ethfi, between a range of 3 to 6 dollars (300-600 million dollars of market capitalization)ššš©·
The last launchpool launch was around 322 million market capitalization, and other previous launches were around 500 million.š#ETHFI.
Knowing this more or less we can estimate the price of ethfi, between a range of 3 to 6 dollars (300-600 million dollars of market capitalization)ššš©·
BP0RZ6H7KO this is BNB free!! šš
Follow and like for more ! ššā¤ļøšš
Follow and like for more ! ššā¤ļøšš
Some gifts in the shape of a red envelope ā¤ļø
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Don't forget to follow me for more gifts and news šš
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Don't forget to follow me for more gifts and news šš
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