Cardano Completes Network Upgrade, ADA Reacts To The Upside
Cardano remains one of the best performing assets in the crypto top 10 by market cap for the past 7 days. ADA’s price, with Avalanche (AVAX), Ethereum (ETH), and Solana (SOL), trades with over 15% in profit over this time period, and gains could extend on different timeframes. Related Reading | Cardano Soars 13% On Rumors Of Burn Mechanism Rollout, Charles Hoskinson Reacts At the time of writing Cardano trades north of $0.90 with a 2.5% profit in the last 24 hours. While Bitcoin and larger cryptocurrencies by market cap move sideways, Cardano’s reaction to the upside could be driven....
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ADA has been reacting to the upside after its latest network upgrade. It recently went over its $1 hard-to-cross barrier to $1,191, but saw a retracement. A pattern that could mean an extremely bullish momentum for the coin could still play out. Related Reading | Cardano Completes Network Upgrade, ADA Reacts To The Upside ADA’s Up and Downs The seventh-largest cryptocurrency is trading at $1,09 at the moment of writing. A retracement from its near $1,2 mark. A pseudonym trader expects a mild bearish continuation during the weekend followed by a bullish rebound. They noted that....
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 Vasil Hard Fork Completed The Cardano Vasil hard fork was targeted toward making the network more efficient than it is already. In turn, this would make it a better platform for developers to build upon. It is the most important upgrade that has been carried....
ADA seems unstoppable with a 37% rally in the last week. The seventh crypto by market cap is the best performing asset on that ranking and could continue to reclaim previous highs. Related Reading | Cardano Completes Network Upgrade, ADA Reacts To The Upside At the time of writing, ADA’s price trades at $1.16 with a 12% profit in the last 24-hours. The current seems to be fueled by leading crypto exchange Coinbase announcement to included Cardano to its staking offering. The platform has enabled users to stake their ADA and benefit from reward. According to the exchange’s blog, this....
On Friday, the price of the token cardano spiked over the $2 handle nearing the crypto asset’s all-time high that took place three months ago. Cardano’s price jump derived from a video announcement stemming from Cardano’s Nigel Hemsley when he explained the Cardano network would upgrade on September 12, 2021. The highly anticipated “Alonzo Purple” upgrade aims to boost the Cardano project with fully functional, advanced smart contract solutions. Alonzo Upgrade Scheduled for September 12 Cardano is looking to upgrade the network in the near future, as....
Cardano has placed the launch of smart contracts capability on September 12th. This gives us only two days until the launch. Ahead of this, crypto exchange giant Binance has made moves to make sure that their platform is compatible with it. The announcement was posted by Binance on its official website. The network upgrade and hard fork have been scheduled to take place during epoch 290 or at approximately 12:44 UTC on September 12th, 2021. The announcement noted that the Cardano upgrade and hard fork will not result in the creation of new tokens, neither will it affect the trading of ADA....