feels bad man, it’ll go around up i hope
This bear market is a short term gift. Stocking up while prices are low, and before Shelly arrives.
hopefully it will have new ATLs so we can stock up more before then!
Don’t feel bad bro. I bought $500 worth of IOTA @ $5… All noobs have been there… (I like to think lol)
Cardano Team Preparing For the v1.4 Update Launch
If you’re a Cardano enthusiast, you probably saw the latest Charles Hoskinson surprise AMA on Youtube. The Ask Me Anything video took an hour and a half in which Charles answered more than 35 questions – from the technical questions about Cardano to questions about Hoskinson’s opinion. Regarding the future Cardano 1.4 update, Hoskinson declared:
The update 1.4 for Cardano is coming along well and we’re in regression testing right now. We’ve had a few regressions but nothing significant is found yet and it’s a lot of new code. There has been a huge amount of refactoring on the core, and we’ve found new database solutions, so we’ve gone from lots of storage to little storage and become much more efficient.
The update won’t be taking much longer, I’d say a few more weeks, and hopefully we should have the update 1.4 release by end of November or early December. And it’s the most significant update we’ve ever made to the Cardano ecosystem.
He also took time to explain the biggest development made by the Cardano team so far – the back-end of the Daedaus Wallet; He further explained that the code is the first piece of formally-verified code for them – as it will be able tto connect to their “Rust” code and the “Haskel” code. These are great news, as the new Icarus address style will allow Cardano (ADA) to be supported by Ledger Wallet. This is also the latest update before the first major Cardano update:
After the 1.4 update, every update is going to be Shelley related, so the first major update will be basically some new code for Ouroboros BFT and that’ll get us all aligned up so that we can start moving towards some variant of Ouroboros.
Finally we will have Shelley’s computation layer added to the settlement layer. From concept to actual product.
Also, another update is that Cardano has been pushing for a DAG protocol within Cardano. Very interesting.
Atleast you didn’t quit your job and go all in bitconnect
Bro, Puuuhleeeeze tell me you didn’t ? (lie to me if you have to🤣)
Why post ? Newbies may soak this up…(Only listened to first 0:30sec before deciding not to waste the other 7min of my life)
what do you mean soak this up? The guy quit his job for bitconnect
that’s actually sad. i hope this guy is ok
“Soak this up” meaning, newbies to the pub may believe Bitconnect is legit. This is unfortunate for him tho
bitconnect isn’t alive anymore so they can’t invest in it
1204 ADA for $50 USD. To the bloody Moon.
|Total Invested||Total Porfolio|
|COST||VALUE||PROFITS YO!||% INCREASE!|
Cardano Price Analysis: ADA Moving Within A Deadly Range Block
- ADA remains vulnerable to further downside pressure, and there is potential for another 50% drop.
- IOHK launch two new Cardano tools, ‘Plutus’ and Marlowe for smart contract writing.
Cardano’s ADA price has been very much depressed for the past five weeks now, dropping well over 60% within this period. As a result, ADA/BTC it has been forced to trade around the lowest levels seen since December 2017. It still has yet to show any promising signs of it escaping this stubborn downside trend.
Over the past five sessions, the price has managed to stabilize, producing a near-term bottom within the $0.02800 region. Important to note, with the above-detailed, ADA/USDT price action is moving within a narrowing range-block. This is subject to a potential breakout, causing a deeper drop, as part of this bearish market.
IOHK Launch Two New Cardano Tools
Earlier this week, IOHK, the engineering company that builds cryptocurrencies and blockchains, announced two new tools. These will be for the writing of smart contracts on the Cardano network. The tools named Plutus and Marlowe have now been launched in test format. They have been introduced to provide great value of assistance for start-ups, financial services and fintech industries, and academia. In all cases, the tools allow for preparation of blockchain contracts which will run on Cardano.
Plutus will be providing general purpose programming language and tools for Cardano. The scientists and engineers at IOHK were able to combine the discipline of the Haskell functional language with Cardano. As a result, the creation of a platform for fintech developers to write secure and robust smart contracts is being developed.
Marlowe is a streamlined way for non-programmers to generate code and create software products. It has been noted at an easy-to-use tool. Even professionals operating within the finance industry who do not have any programming experience can build these automated financial contracts on the blockchain.
There was full coverage on this and an exclusive interview with IOHK and Cardano’s Charles Hoskinson, on this. See more .
Technical Review – ADA
ADA/USDT 4-hour chart
Looking via the 4-hour char view for ADA/USDT, vulnerabilities remain to the downside. As touched upon earlier, following the steep falls through November into December, price action has found some firmer footing. However, with this consolidation state, a range-block has been formed, which is subject to exposure by the bears.
ADA/BTC weekly chart
The near-term support as part of this current range should be noted at $0.02800. If this fails to hold, there could be some chunky downside to come. Judging from ADA/BTC, there could be room for another 50% move south. Further south eyes would be on the next major area of comfort, seen at the 0.00000550 region.
Hope it does drop more. Ill be loading up
This is brilliant!
Also, v1.4 was released today, which is the most significant update in Cardano history. This is the one we’ve been waiting for!
Nice video by Crypto Lark about the Cardano updates:
Cardano is doing great in this bear market! Price will come!