Cardano likely to slow down and pull back to the $0.516 support level after a 55% rally. A bounce around the aforementioned level could trigger another 52% uptrend. A four-hour candlestick close below $0.471 will invalidate the bullish thesis for $ADA
Supporting this bullish outlook are the recent developments from both a fundamental and an on-chain scenario. Perhaps the most significant one is the recent uptick in the development activity for the ADA blockchain.
The new upgrade should, in theory, boost the smart contract capabilities of Cardano and its smart contract platform known as Plutus.Adding to this spike in backend activity for the Cardano blockchain is the recent uptick in the 24-hour transaction volume. This number is currently hovering around $14.24 billion under Bitcoin’s at $18.60 billion.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Cardano-Ethereum USDC Bridge Is Already Live, Here's How to Use ItICYMI: Ethereum-based $USDC can already be bridged to Cardano as Iagon bridge goes live $ADA $ETH
Lire la suite »
Cardano (ADA) Price Breaks Through $0.5, Hinting at Rally AheadICYMI: $ADA surpasses $0.5 after the release of Ethereum-based $USDC bridge on Cardano CardanoADA CardanoCommunity
Lire la suite »
This New Feature Allows USDC to Migrate from Ethereum to Cardano: DetailsICYMI: by using this new feature, $USDC can now migrate from Ethereum to Cardano $ETH $ADA
Lire la suite »
Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3 – Altcoins Bitcoin NewsThe average Ethereum network fee has dropped to the lowest value in over ten months after fees hit a low of $2.96 per transaction on Sunday.
Lire la suite »
Ethereum's L2s at Historic Lows: AnalystSecond-layer platforms launched on the top of Ethereum (ETH) blockchain see metrics at mid-October levels. Why?
Lire la suite »