Cardano News Update – “Next Two Months to be Wild for Cardano (ADA)” – IOHK CEO Charles Hoskinson

  • The forthcoming months should be watched out for in the Cardano community
  • Series of innovations lined up to aid ADA adoption
  • ADA Price Analysis – ADA medium-term price variation
  • ADA/USD consolidating in the resistance and support level

Cardano News Update – The CEO of IOHK and co-founder of Cardano and Ethereum, Charles Hoskinson recently declared that the next two months are going to be wild for the ADA cryptocurrency ecosystem. Cardano staking – Hoskinson is basing his claims on the series of innovations pending to be launched. Hoskinson noted that the new updates are to be launched into the crypto sphere to aid the adoption of the Cardano native token ADA.

Series of innovations lined up to aid ADA adoption

Cardano News Today – Going further, Hoskinson stated that Cardano has a series of ideas being worked on which may not be evident to the crypto community. According to him, when these ideas come into realization, it will pave the way for the ecosystem to a lot of development. Cardano Staking – Commenting on this on his Twitter page, Hoskinson stated: “The best part of my day is when I have a chance to chat with my product managers about our progress, new ideas and what’s coming to market soon. Cardano is like an iceberg. It is so much you don’t see, but will soon have a huge impact. The next two months are going to be wild.”

Cardano ADA Price Analysis – ADA medium-term price variation

ADA Price Analysis – ADA is currently in a bullish zone in the medium-term with resistance levels at $0.07, $0.08, $0.09 and Support levels at $0.03, $0.02, $0.01. The ADA bears an increase in a series of ADA price decline to $0.057 at the support level during yesterday’s trading session. Cardano Price Prediction 2020 – a bearish momentum at $0.058 started today’s trading session in the support level within the range.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.030

Cardano Price Prediction 2020 – the ADA/USD pair declined further to $0.057 at the support level. currently, ADA price is shuffling around two EMAs. The stochastic oscillator signal is currently steering downward at level 14% at the oversold level. An indication of a downward trend in ADA Price may see the token encountering a trend reversal in the forthcoming days in the medium-term.

Cardano ADA/USD consolidating in the resistance and support level

ADA Price Update – the 4-hourly session today commenced with an establishment of an inverted bearish candle at $0.058 in the support level. The ADA/USD pair is in consolidation and currently trading between $0.057 in the resistance level and $0.043 in the support level. Cardano Price Prediction 2020 – A breakout at the upside resistance level or a breakdown at the lower support level may be encounter thus, traders are advised to be patient to allow this to happen before trading.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.