How far can the parabolic rise of bitcoin continue? What are the next levels to watch out for?
Cardano
Cardano is a platform for maintaining the operations of Ada cryptocurrency. The platform is multilayered and gives the system the elasticity to be easily maintained and upgraded with a soft fork.
Cardano uses a Proof-of-Stake system, reducing the amount of electricity requirements and improving its scalability. The second feature of Cardano is its Recursive InterNetwork Architecture that allows for the existence of a subnetwork within a main network, which also makes it easier for a network to grow.
Cardano aims to become an “Internet of Blockchain,” making it possible for all cryptocurrencies to exist side by side and be converted from one to another without intermediaries. Cardano will also allow users to attach metadata to their transactions if they want to, making the network friendlier to banks and governments.
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There are signs of increasing institutional interest in cryptocurrencies. Can this propel the markets to the next level?
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Can Facebook’s stablecoin and the Bakkt launch drive the next leg of the uptrend?
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Bitcoin is pulling crypto markets higher. What are the levels to watch out for on the upside?
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Select major cryptocurrencies are showing signs of resuming their uptrend.
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