Price Analysis
Bitcoin and altcoins are showing signs of short-term exhaustion, meaning a few days of consolidation could occur.
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Cardano News
Cardano is a blockchain-based smart contract platform that aims to compete against similar platforms such as Ethereum, Tezos, and EOS, among others, through a more modular, layered protocol that runs on a proof-of-stake consensus algorithm called Ouroboros.
Identifying itself as a third-generation blockchain and cryptocurrency system following Bitcoin and Ethereum, Cardano’s development is quite different from its competitors in that it is heavily informed by theoretical, peer-reviewed research before implementation in software.
Its native cryptocurrency, ADA, is named after Ada Lovelace, a 19th-century writer and mathematician who has been referred to as the world’s first computer programmer.
Cardano’s development is backed by three companies: IOHK, a blockchain R&D company founded by Charles Hoskinson and Jeremy Wood; the Cardano Foundation, a nonprofit dedicated to Cardano adoption and development; and Emurgo, a venture capital firm based in Japan.
- Price Analysis
Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices.
25836 - Price Analysis
Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments.
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Bitcoin price may rise to a new 52-week high if it can break above the ascending channel and this move could ignite the altcoins.
30008 - Price Analysis
Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend.
19265 - Price Analysis
Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume.
13105 - Price Analysis
Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher.
18950 - Price Analysis
Bitcoin price could achieve a new 2020 high if bulls hold the price above the key multi-year resistance at $11.5K.
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Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels.
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Bitcoin could consolidate for a few more days but select altcoins have formed reversal patterns that may lead to a trending move.
21077 - News
This inherent separation of power is all in accordance with Charles Hoskinson’s vision.
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Users automatically receive rewards on some of their crypto positions.
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Shopify stores could soon allow users to pay for products with Cardano tokens with a new app that removes any payment intermediaries.
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This potential move will swap the native AGI token from ERC20 to Cardano
7625 - Price Analysis
Bitcoin and a few altcoins continue to push against resistance at higher levels, suggesting that the uptrend may resume soon.
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