- Cardano ADA Gains Some Momentum, Rises To The $0.033 Level
- Cardano Team Says The Byron Reboot Fixed Major Issues With The Proof-of-stake Protocol
Cardano News Today – This morning, Cardano ADA was gaining bullish momentum against the USD. It managed to rise from the poor $0.031 level to $0.033 level reflecting a 3.23% rise against the USD. The price of the token almost hit the key resistance at $0.0340 and it may still reach this level if the bulls hold their ground against the USD. Meanwhile, as the price of Cardano ADA was rising against the USD, the ADA to BTC trading pair was also gaining momentum. Against the price of Bitcoin BTC, the price of the ADA token is up by 23%.
Cardano Price Prediction 2020 – Cardano ADA Price Picks Up the Pace But The Bears Aren’t Ready To Let The Bulls Win
When the price of Cardano ADA started rising yesterday, we talked about the possibility of the token reaching the $0.0340 level. Unfortunately, the bears aren’t ready to leave the market yet. While the upsurge was impressive, it was followed by a downward correction against the USD. It is important to note that when the price of Cardano ADA was falling from the $0.037 level last week, the support at $0.034 was strong. It took some time for the bears to push below the $0.034. This support is now serving as a major resistance level that is preventing higher highs against the USD.
Cardano (ADA) Price Today – ADA / USD
At the time of writing, the price of the Cardano ADA token was $0.0326. This shows that it is down by 1.91% against the USD and up by 0.45% higher against the price of Bitcoin. The trading volume over 24 hours is $71,094,995 and the market capitalization is $845,436,111. Even if the price is still correcting downward, the technical indicators show that there is still hope for a bullish come back against the USD. All that is required is for the price of the Cardano ADA token to rise above the $0.034 level and pave a way against the USD.
Cardano News Today – Byron Fixed Many Of the Common PoS Problems for the Cardano Blockchain
In other news, the CEO of IOHK, Charles Hoskinson, released an Easter video this past weekend. In the video, he stated that the Cardano Foundation is still working hard to educate people about the Cardano blockchain and how it can change the world in more ways than one. He also talked about the successful Byron reboot. According to him, Byron has solved most of the possible problems that would have affected the migration to the proof-of-stake consensus mechanism.