Logo
Cardano Ecosystem

Thenewscrypto

12/19/2023

·

63 views


Cardano Fails to Hold Above $0.60 Level as Bears Striving Hard

At the time of writing, ADA is trading at $0.58, up 0.42% in the last 24 hours. If the price manages to go above $0.61 then it will likely climb higher to test $0.63. Two months of training on the Cardano...

Cardano Fails to Hold Above $0.60 Level as Bears Striving Hard
  • At the time of writing, ADA is trading at $0.58, up 0.42% in the last 24 hours.
  • If the price manages to go above $0.61 then it will likely climb higher to test $0.63.

Two months of training on the Cardano platform for developers took place in Nairobi, Kenya, thanks to a new partnership between IOG Education and the Africa Blockchain Center (ABC). This course was designed to help close the skills gap in blockchain development, which is becoming more important in countries like Kenya.

The founder of Cardano, Charles Hoskinson, has not wavered in his denial of a relationship with Ripple’s XRP. His argument is that the two platforms are technologically incompatible, which is why they are so opposed to one other.

The Cardano founder’s distaste for Ripple and its XRP likely stems from the goals that blockchain aspires to achieve. As both a CBDC framework and an interbank settlement mechanism, he thinks XRP has its own unique function.

Bears Dominating

As the new week started, Cardano’s ADA began on a positive note, despite the recent selloff which resulted in ADA trading under $60.

The price of Cardano recovered from its intermediate lows of $0.54 and broke above the $0.60 level. Investors anticipated a rise above the negative effect, in accordance with the recent comeback. However, the bears drove the price under the $0.60 mark.

At the time of writing, ADA is trading at $0.58, up 0.42% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 4.79%. If the price manages to go above $0.61 then it will likely climb higher to test $0.63 resistance level. On the other hand, if the price manages to go below $0.55 level, then the price will likely test $0.53 support level.

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.

AD

TapTax - Cardano Crypto Taxes Made Simple. Available Now!

Simplify your Crypto Tax experience! From a passive holder, to day trader, to NFT project, we have your taxes covered.BUY NOW!


Read Original Article on Thenewscrypto

ORIGINAL SOURCE

https://thenewscrypto.com/cardano-fails-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Thenewscrypto

See more
Cardano Wallet Holding $50M ADA Starts Accumulating Alternative Token Currently Priced at Just $0.11
Thenewscrypto
Cardano Wallet Holding $50M ADA Starts Accumulating Alternative Token Currently Priced at Just $0.11

02/12/2024

·

27 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)