• Price Prediction for ADA – Technical Analysis

  • Cardano is a decentralized platform that will enable complex programmable value transfers in a secure and scalable manner.
    It is one of the first blockchains created using the highly secure Haskell programming language. Cardano is developing a smart contract platform that aims to provide more advanced features than any previous protocol. It is the first blockchain platform to emerge from a scientific philosophy and a research-first strategy. The development team is made up of a large global group of expert engineers and researchers. The protocol includes a layered blockchain software stack that is flexible and scalable, and it is being developed in accordance with the industry’s most stringent academic and commercial software standards. As a result, the price of ADA has risen.

    Democracy in Government

    Cardano will use a democratic governance system that will allow the project to evolve over time, as well as a visionary treasury system to fund itself sustainably.

    Ouroborus

    Cardano is the first blockchain to implement Ouroboros, the first peer-reviewed, verifiably secure blockchain protocol. Ouroboros enables the Cardano network’s decentralization and enables it to scale sustainably to global requirements while, crucially, maintaining security. The protocol is the result of tireless effort, built on foundational research, and is propelled by a vision for more secure and transparent global payment systems, as well as a means to redistribute power and control more fairly.

    Price Prediction for ADA

    In the last week, the price of ADA has increased by more than 50%. As a result, ADA has risen to third place in the global crypto ranking based on the total market cap. ADA’s total market capitalization has surpassed $70 billion.

    At $1.48, ADA broke through the resistance zone and made an impressive run towards the higher fibs. It is currently trading at $2.00, above the 0.618 fib. If it can hold above this support level, it could move towards $2.52. If the $2.52 resistance level is broken, we could see a move towards $3.37 and $4.74. If the resistance at $2.52 is not broken, the price could fall to $2.00, $1.84, $1.68, or $1.48.

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