The Cardano Vasil hard fork had been expected for months, and finally, it is a reality. The hard fork had proceeded according to schedule, and by Thursday, September 22nd, the hard fork was live on the network. It was received amid much fanfare from the community, but the network’s native token, ADA, had not reacted as well.
Cardano (ADA) Price Reacts Poorly To Vasil Hard Fork
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The crypto bear market has been brutal, but it has not stopped development in the Cardano ecosystem in any way. The network recently celebrated the completion of its Vasil hard fork, and even though the price of its native token ADA has failed to move in tandem with the development, Cardano developer Emurgo is not […]
The Cardano network has always been a fierce competitor for the Ethereum network. Naturally, this has translated into a prolonged rivalry between the communities of the two blockchains. This time around, though, Cardano founder Charles Hoskinson has also joined in on the banter between the two communities, coming directly from the Ethereum community and the […]
Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn’t positive as it lost most of the gains in the week. Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways. The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks. Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing. The support zone for Cardano price rests between $0.44 and $0.40, respectively. Cardano has been one of the altcoins that have moved against the tide. Bitcoin, however, showed signs of appreciation over the last 24 hours. ADA bulls can quickly fade out if the coin’s buying strength doesn’t move into the positive zone. Cardano Price Analysis: One Day Chart ADA was trading at $0.46 at the time of writing. Over the last 24 hours, the coin broke past one of its resistance levels. The immediate resistance mark for Cardano was $0.49. If the bulls manage to topple over the $0.49 price level, then the bulls can stay put for a longer time. If buyers don’t come forward, Cardano price will fall to $0.43 and then below the $0.40 mark. The amount of the altcoin traded in the past session declined, despite a rise in buying strength. This signified the dominance of the sellers in the market. Technical Analysis The altcoin displayed signs of recovery on the one-day chart. Technical indicators pointed toward the bulls taking over. At the time of writing, the Relative Strength Index was below the half-line, indicating that buying pressure remained greater than selling pressure. Cardano price was below the 20-SMA line, and that signified less demand as sellers were driving the price momentum in the market. With a push from the buyers, ADA could travel above the 20-SMA and 50-SMA lines, invalidating the bearish thesis. Related Reading: Bitcoin Price Slips Below $19,000, Vital Trading Levels To Look Out For ADA’s bulls have still not gained momentum on the one-day chart. As long as buyers don’t overpower sellers’ strength, the bulls will not be able to push the price of the altcoin above the $0.49 mark. The Moving Average Convergence Divergence indicates the price momentum and price action of the altcoin. The MACD underwent a bearish crossover and formed red histograms, which were sell signal for the coin. The Directional Movement Index measures the overall price direction. DMI was negative as the -DI line was above the +DI line. The Average Directional Index was moving up towards the 20 mark, which is a sign of the current price action gaining momentum. Related Reading: Uniswap Price Loses Momentum, Are The Bears Back? Featured image from UnSplash, Chart: TradingView.com
Cardano (ADA) price continues to trade between the $0.42-$0.55 range since May and fails to show any significant price movement. Traders anticipate the ADA price to fall after the Vasil hard fork due to the “buy the rumor, sell the news”, similar to the ETH price after Ethereum Merge. Historically, the Cardano price has always
The post Just-In: Cardano (ADA) Price May Fall After The Vasil Hard Fork, Here’s Why appeared first on CoinGape.
Every top crypto project may have spent millions on developments and upgrades to scale up their business or to achieve efficiency. But, Cardano (ADA) appears as a leading project by ‘Technology Development.’ As per the data viewed by Contora, a blockchain information gathering company tracking the development and growth of crypto projects, Cardano blockchain has […]
Lead Cardano developer company Input Output Global (IOG) announced a partnership with U.S. Ivy League university Stanford. The blockchain company will provide $4.5 million in funding for the next 3 years for the Stanford IOG Research Hub. Related Reading: Bitcoin Bearish Signal: Miners Move 4.4k BTC to Binance The initiative was presented by Charles Hoskinson, […]
Cardano has been slowly moving towards the Vasil hard fork for a couple of months now. The upgrade has, however, gone the way of the Ethereum Merge as it has now been postponed twice. Founder Charles Hoskinson attributes the delays to bugs found in the code and the team taking time out to make sure […]
A newly discovered bug was creating incompatible forks and causing a decrease in chain density. Cardano developer said that it seems they have been “rushing” through the Vasil upgrade but also gave a recovery plan. It’s yet another bad news for the Cardano community as a major bug in the Cardano node has led to […]
Der Beitrag Cardano test “catastrophically broken” says develops, will Vasik hardfork delay further? erschien zuerst auf Crypto News Flash.
The Cardano Vasil hard fork has now experienced its second delay in the last two months. This upgrade is important to the network’s growth, and as always, Cardano developers continue to stay true to form by only shipping out safe products. The second delay was announced at the end of July, and founder Charles Hoskinson […]
Nearly every month, phishing becomes more prevalent, constituting a substantial risk on personal and computer networks around the globe. Tessian Research determined a year ago that employees receive an average of 14 phishing emails annually. Some industries have taken a heavy blow, with the average retail worker receiving 49. Anti-virus and Internet security firm ESET observed […]
Input Output, which is a platform that drives the decentralised and smart contract platform Cardano, has now released the Cardano node 1.35.0. The Input Output team has announced via a tweet, that the release of Cardano node 1.35.0 has been successful. This development marks an important step closer to the Vasil Hard Fork. Cardano developers […]
As one of the most important upgrades in the Cardano blockchain, Vasil will come along with a very unique feature called “pipelining”. Charles Hoskinson, the CEO of IOG has disclosed the postponement of the mainnet largely had to do with the Terra ecosystem crash. The company in charge of Cardano’s research and development, Input-Output Global […]
Der Beitrag Cardano introduces the “final candidate for the mainnet Vasil release” erschien zuerst auf Crypto News Flash.
After performing among the best in the space earlier this month, Cardano is likely in for another good run in near future. ADA yielded good results in the first week of June over technical upgrades, amid turbulent times in the crypto market. The speculation among traders is on when the next Cardano breakout could be.
The post Huge Cardano Breakout Imminent After This Resistance Level? appeared first on CoinGape.
Cardano’s development team, Input Output has created a new light wallet which is called Lace. This new wallet comes with a host of features, according to the development team, the wallet allows users to primarily manage, control as well as store their cryptocurrencies in one place. The wallet will also let users keep their Non-Fungible […]