ADA has a bright future!
Whenn looking at the TA, we can see that ADA broke out at the date: 29 december, reason is probably, because at break out point, ADA didn’t hitted any resistance . so thats the reason it think, why he increased so much last month.
The Graphic show’s higher lows, so its building momentum!
I think, he will hit support one more time, and then goes back to resistance around 0.32. If they release the Goguen then, it probably will brake, otherwise he will go back to support. No worries than! There is space enough for
Can this increase continue? Yes i think it will. There is a verry small resistance around 0.32, but i think that the news of Goguen will brake this resistance easily. And then? Who know’s
Project cardano
GOGUEN, release date: March
Influence on the price:
When we look at the last important release from Cardano: Shelley on the 7th of july whe saw the price increasing 86%. Also the volume increased enorm.
If Goguen can do the same, we can see a price around 0.55 after the release.
For Cardano, the implementation of the Goguen era will take their smart contracts a step further towards "smarter contracts". Smarter contracts eliminate the need for manual intervention for interactions on a particular blockchain. Still, the Goguen mechanism will not prioritize ADA transactions and contracts over other tokens issued on Cardano, as Ethereum does for the Ether.
Compared to other Altcoins Cardano has a huge future, because Cardano works on the proof-of-stake-algoritme named Ouroboros. No other Altcoin runs on this blokchain, eventho this is 10 times safer. Because of that people want to invist in coins ruining on these blokchains. ETH tryd it, but failed. According Fang.
Interest in Cardano is increasing
Cardano has been looking to resolve issues that previously occurred on other platforms such as Ethereum and Ripple. This aspect allows the platform to attract more investors.
Looking at the structure of the structure, it becomes clear that Cardano has seen continued support from its investors. The share of hodlers was consistently more than 50%. However, the share of traders has also risen significantly in 2020, proving that ADA is starting to see more volatility ahead of Goguen’s official launch.
The Graphic show’s higher lows, so its building momentum!
I think, he will hit support one more time, and then goes back to resistance around 0.32. If they release the Goguen then, it probably will brake, otherwise he will go back to support. No worries than! There is space enough for
Can this increase continue? Yes i think it will. There is a verry small resistance around 0.32, but i think that the news of Goguen will brake this resistance easily. And then? Who know’s
Project cardano
GOGUEN, release date: March
Influence on the price:
When we look at the last important release from Cardano: Shelley on the 7th of july whe saw the price increasing 86%. Also the volume increased enorm.
If Goguen can do the same, we can see a price around 0.55 after the release.
For Cardano, the implementation of the Goguen era will take their smart contracts a step further towards "smarter contracts". Smarter contracts eliminate the need for manual intervention for interactions on a particular blockchain. Still, the Goguen mechanism will not prioritize ADA transactions and contracts over other tokens issued on Cardano, as Ethereum does for the Ether.
Compared to other Altcoins Cardano has a huge future, because Cardano works on the proof-of-stake-algoritme named Ouroboros. No other Altcoin runs on this blokchain, eventho this is 10 times safer. Because of that people want to invist in coins ruining on these blokchains. ETH tryd it, but failed. According Fang.
Interest in Cardano is increasing
Cardano has been looking to resolve issues that previously occurred on other platforms such as Ethereum and Ripple. This aspect allows the platform to attract more investors.
Looking at the structure of the structure, it becomes clear that Cardano has seen continued support from its investors. The share of hodlers was consistently more than 50%. However, the share of traders has also risen significantly in 2020, proving that ADA is starting to see more volatility ahead of Goguen’s official launch.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.