Blockchain education, outreach, and global community building: Because the Future is for Everyone!

Cardano is a network that uses third-generation blockchain technology that is uniquely fast, useful, and earth-friendly. Blockchains are all about decentralization - shared work, shared responsibility, and shared rewards. This applies to the technology of course, but it also applies to the people. Where do you fit in?

thumbnail_1500x500 (4).jpeg

1500x500 (4).jpeg

thumbnail_p_vENbdu_400x400.jpeg

p_vENbdu_400x400.jpeg

Lido Nation

Welcome to the fifteenth edition of the Intersect Development Report! This edition includes applications to run a constitutional workshop, a Chang update including CIP-0069, new member resources, community tooling, and the latest from our community hubs. Let’s dive into the details!<h2 style="margin-left:0px;">Apply to host a constitutional workshop!</h2>We are excited to announce the next step in Cardano’s governance journey—a global consultation process to produce a draft Constitution, created by the community itself, leading up to the Constitution Convention in Buenos Aires in December.Intersect members - you now have the opportunity to host and run consultation workshops in your local area, wherever you are in the world, funded by dedicated Intersect grants. Read more <a href="https://www.intersectmbo.org/news/community-consultation-on-the-next-steps">here</a> and learn how to apply on our <a href="https://docs.intersectmbo.org/intersect-community-grants/open-grants/constitutional-workshops">knowledge base</a>. Applications will close on June 13th.<h2 style="margin-left:0px;">Chang upgrade</h2>The developments to Chang are continuing, with our hard-fork working group discussing how best to incorporate CIP-0069 into the scope. The hard-fork working group has raised a formal change request to include CIP-0069 in the Chang upgrade!As part of the late change request, we have formed a backlog working group to discuss how scope changes are decided in the future. We recommend you <a href="https://docs.intersectmbo.org/intersect-overview/intersect-committees">check here</a> for working group updates on our knowledge base if you are interested. You can view the Chang timeline and some of the frequently asked questions by the hard-fork working group <a href="https://docs.intersectmbo.org/cardano/cardano-upgrades/hard-forks/chang-timeline">here.</a><h2 style="margin-left:0px;">Delivery assurance</h2>Continuity partner WellTyped, has successfully reached the <a href="https://docs.intersectmbo.org/cardano/cardano-continuity/milestone-report-q1-2024">LSM project's</a> important milestone by demonstrating to the engineering team code paths for creating, opening, and performing batch lookups within LSM run files, including tests and benchmarks.<h2 style="margin-left:0px;">UTxO-LMDB solution</h2>The Input Output Infrastructure (IOI) team has been working on improvements to allow out-of-memory storage of key data structures used by the Cardano node. Bounding the node's total memory usage will ensure long-term scalability for stake pools, wallets, and other node users.The solution will move the UTxO, stake address &amp; delegation, and stake distribution from memory to out-of-memory storage, bounding the amount of RAM required and taking advantage of modern SSDs. Engineers at IOI have been developing the first solution using the off-the-shelf Lightning Memory-Mapped Database (the UTxO-LMDB Solution) for around a year.More updates will be announced in the coming weeks, and volunteers will be sought to assist with development testing and tuning. You can also find out more information <a href="https://updates.cardano.intersectmbo.org/tags/consensus">here</a>.<h2 style="margin-left:0px;">Working group updates</h2>The Open Source committee has published a ‘State of the Union’ document, which provides a story on Open Source - issues, strategy pillars, workflow mapping, pilot roadmaps, and more.Read it <a href="https://docs.google.com/presentation/d/1ldRYTO2VzjfJ3DeI001J1Vdfz-zbTWAsu5PRAQ71M3A/edit#slide=id.g23bd5b9225e_0_6">here</a>.<h2 style="margin-left:0px;">New member resources</h2>We’ve created shared resources for Intersect members to create material to support their working groups and local meet-ups! This pack will contain important tools and materials that members need when attending and delivering events and the ability to brand event experiences.As mentioned, this is a member-exclusive, so if you are not already a member, <a href="https://www.intersectmbo.org/join">join us</a> and dive into our <a href="https://discord.gg/ZxR8w9TK">discord</a> for access to this pack and other exclusive member benefits.<h2 style="margin-left:0px;">Community tooling</h2>Local face-to-face events and meet-upsWe have some exciting in-person events taking place over the next few weeks. We will continue adding to the table as new ones are confirmed. If any of these events are taking place close to you, sign up via the <a href="http://lu.ma/">lu.ma</a> link.&nbsp;<ul><li>Lead: Clay Labs Digital Location: Lisbon, Portugal Date: 27th May Sign-up: <a href="https://lu.ma/lgyg6z67">https://lu.ma/lgyg6z67</a></li><li>Lead: Wilmer Leonardo Varón&nbsp; Location: Caracas, Venezuela Date: 1st June Sign-up: <a href="https://lu.ma/aa3yy1i5">https://lu.ma/aa3yy1i5</a></li><li>Lead: Internet Native - Tevo Saks/Kaisa Keerd Location: Tallinn, Estonia Date: 5th June&nbsp; Sign-up: <a href="https://lu.ma/pvuuvqbi">https://lu.ma/pvuuvqbi</a></li><li>Lead: Baudouin Muvunga Location: Territory of Nyiragongo, Democratic Republic of Congo Date: 29th June Sign-up: <a href="https://lu.ma/e9i3bncp">https://lu.ma/e9i3bncp</a></li></ul>&nbsp;<h2 style="margin-left:0px;">Community hubs</h2>Our community hubs have been moving from strength to strength, with significant contributions from our members on a global scale. The Japan community hub represented Intersect at NexTech Week in Tokyo this week.You can read more about it <a href="https://www.nextech-week.jp/hub/en-gb.html">here.</a><img class="image_resized" style="width:720px;" src="https://media.licdn.com/dms/image/D4E12AQHVvV1q69bCwQ/article-inline_image-shrink_1500_2232/0/1716578443105?e=1721865600&amp;v=beta&amp;t=lh5egbkBqm6QA1_VhB9tMDeGAVSTQwJ3XqzSZeoS9H8" alt="" loading="lazy">In addition, the Japan Hub has also been busy showcasing Intersect at Blockchain EXPO from May 22nd to 24th.In other Community Hub news, the LATAM Community Hub is gearing up to begin its Intersect events, including a new dedicated regional Town Hall. Follow their new <a href="https://twitter.com/IntersectLatam">X (Twitter) account</a> for more news. In other news, Sri Lanka’s community hub has officially launched! More to follow… If you're passionate about driving positive change and nurturing community initiatives, your involvement can catalyze impactful projects and contribute to community growth and enrichment. To apply for a Community Hub grant, <a href="https://mpc.intersectmbo.org/community-hubs-application">click here</a>.<h2 style="margin-left:0px;">SanchoNet</h2>Following last week’s SanchoNet respin, with the release of Node 8.11.0-pre, SanchoNet has been testing a not-seen-before governance feature, <a href="https://github.com/cardano-foundation/CIPs/blob/master/CIP-1694/README.md#bootstrapping-phase">the bootstrapping phase</a>.The bootstrapping phase is characterized by enabling only a small set of the full governance functionality. This phase will be activated after the first change hard fork, allowing DReps to register and attract delegation before fully participating in governance.The bootstrap phase can be exited via an intra-era hard fork, voted for by SPOs and constitutional committees. On the mainnet, this hard fork will be known as the second Chang hard fork, enabling full governance functionality for Cardano. Read more on Cardano’s <a href="https://www.intersectmbo.org/news/cardanos-governance-key-terms-and-milestones">governance milestones</a>.And here are this weeks Stats from SanchoNet:<img class="image_resized" style="width:720px;" src="https://media.licdn.com/dms/image/D4E12AQFaD0XHS3jmZQ/article-inline_image-shrink_1500_2232/0/1716578440915?e=1721865600&amp;v=beta&amp;t=yhg6YniE71iWP7vEvaKOxUFRmPJhC0Nb6MJHSGZxl8M" alt="" loading="lazy"><h2 style="margin-left:0px;">DRep Campaign Platform</h2>This week, Intersect member <a href="https://www.lidonation.com/en">LIDO Nation</a> delivered a significant milestone in developing the DRep Campaign Platform. After a lively demonstration via the “Show us what you got” call, the LIDO Nation team opened up the project, inviting the community to come, test, and leave feedback.The DRep Campaign platform is hosted via <a href="http://sancho.1694.io/dreps">sancho.1694.io/dreps</a>. Here, DReps can create off-chain profiles linked to their on-chain actions to campaign for delegation from Ada Holders. Furthermore, the team has opened up the code hosted on the <a href="https://github.com/IntersectMBO/drep-campaign-platform">IntersectMBO/drep-campaign-platform</a>.The community is encouraged to leave feedback via the integrated feedback popup or raise an issue on the GitHub repository.<img class="image_resized" style="width:720px;" src="https://media.licdn.com/dms/image/D4E12AQFpt-0Imfx88A/article-inline_image-shrink_1000_1488/0/1716578446602?e=1721865600&amp;v=beta&amp;t=w38c7Iz7pS3e_d_N8UUIGj3wpYfOW4IdZ_HvLGam0BQ" alt="" loading="lazy"><h2 style="margin-left:0px;">Governance tooling</h2><img class="image_resized" style="width:720px;" src="https://media.licdn.com/dms/image/D4E12AQHHd0EFN_yJpA/article-inline_image-shrink_1500_2232/0/1716578440367?e=1721865600&amp;v=beta&amp;t=en_ukUu7zghkf21e_BWKaolgtHufk1Os1cylkupL6ns" alt="" loading="lazy"><a href="https://x.com/ProofOfCardano">@ProofOfCardano</a> recognized Govtool as having the <a href="https://x.com/ProofOfCardano/status/1793250538777121021">highest GitHub activity</a> this week, and for a good reason: GovTool is currently in maintenance and will be available again soon, as the team has been busy updating new features, such as the SanchoNet Govtool participation dashboard, which is now available on <a href="http://participation.sanchogov.tools/">participation.sanchogov.tools</a>. From this dashboard, everyone can keep track of Govtool usage and participate in its testing.<img class="image_resized" style="width:720px;" src="https://media.licdn.com/dms/image/D4E12AQHojCkYyYYA4g/article-inline_image-shrink_1000_1488/0/1716578441558?e=1721865600&amp;v=beta&amp;t=TdsF5BvH6PcSdA7Z8pBo2IPTOZsKTwaso7eEJm-lYMw" alt="" loading="lazy"><h2 style="margin-left:0px;">Essential Cardano360</h2>The next Essential Cardano360 will be on the 30th of May, and Intersect will be featured again. Please be sure to catch us there with updates from Valeria Devaux on the DRep Pioneer workshop leaders program, Lorenzo Bruno on exciting developments on governance tooling, and Terence and Christian on some exciting news about our open source developments. We will also be joined by Intersect member and DRep Pioneer Workshop Leader Hosky! A lot is packed into our section, so we are excited to promote the episode once it is published!You can view our previous feature <a href="https://youtu.be/Rk92hRNDVs8?t=117">here.</a><h2 style="margin-left:0px;">We’re hiring!</h2>We’re looking for a highly motivated and experienced <a href="https://docs.intersectmbo.org/intersect-team/open-positions/membership-sales-and-account-executive-intersect">Membership sales and account executive</a> to join our team on a nine-month full-time contract. During this important period of growth and development for Intersect, this role will be pivotal in growing our membership base, mainly through the introduction and membership sign-up of projects and organizations working within the Cardano ecosystem and beyond.If you are passionate about Cardano and blockchain technology and committed to fostering community engagement, we want to hear from you! Please send your CV and a cover letter explaining why you are the perfect fit for this role to <a href="mailto:careers@intersectmbo.org">careers@intersectmbo.org</a>. Intersect is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.<h2 style="margin-left:0px;">This week's reminders</h2>In this week's reminders section, we’d like to highlight:&nbsp;<ul><li>Consensus—Intersect will attend Consensus 2024, the world's largest, longest-running, and most influential gathering, bringing together all sides of the cryptocurrency, blockchain, and Web3 community. Supported by Intersect members Genius Yield, Genius X, EMURGO, and Hosky, if you wish to attend, you can get your tickets <a href="https://consensus2024.coindesk.com/">here</a> and get 15% off your pass using our code - INTERSECTC24.</li></ul>&nbsp;&nbsp;<ul><li>May Town Hall—The next Intersect Town Hall will be held on 28th May. To be involved, you can secure your place <a href="https://zoom.us/meeting/register/tJYqcu-oqTIsG9fcANLOGQtlBX1dAMgvuBW9">here</a>.</li></ul>&nbsp;<img src="https://media.licdn.com/dms/image/D4E12AQFCY1_l04mTFw/article-inline_image-shrink_1500_2232/0/1716578441697?e=1721865600&amp;v=beta&amp;t=_r5w1xarGD0ILlaM1_po2JmLyahy68moZt1rpIVPtWY" alt="" loading="lazy">Well, that’s it for this week's update. Thanks for reading!And finally, we’re interested in hearing more from you about subjects important to you, such as Cardano’s governance. Your ideas and suggestions are crucial to us. If you have any questions, ideas, or suggestions, please get in touch via email, <a href="https://twitter.com/IntersectMBO">X</a>, or <a href="https://www.linkedin.com/company/intersectmbo/?lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_all%3BL%2BUpawyyQ6eAmMJWN2VZlw%3D%3D">LinkedIn</a>.

Intersect

Intersect Development Update #15 - May 24th

<div>
<article>
	<img src="https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_.jpg" alt="Cardano" srcset="https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_.jpg 1280w, https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_-300x185.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_-1024x633.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_-768x475.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_-310x191.jpg 310w" />	
	<img src="https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_-300x185.jpg" alt="Cardano" srcset="https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_-300x185.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_-1024x633.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_-768x475.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_-310x191.jpg 310w, https://insidebitcoins.com/wp-content/uploads/2023/07/cardano_Easy-Resize.com_.jpg 1280w" />	
	<div>
<div>Join Our <a href="https://t.me/insidebitcoins" target="_blank">Telegram </a>channel to stay up to date on breaking news coverage</div>At the time of writing today, July 3, <a target="_blank" href="https://coinmarketcap.com/currencies/cardano/">Cardano (ADA)</a> displays price volatility with a drop of over 4% in its trading volume. The bears seem to have returned to drop the price while the bulls battle to hold onto recent gains.
ADA is among the top ten crypto projects worldwide, ranked number 7 on the list. The asset enjoyed a relative price increase in 2023 after the persistent bear market of 2022. Its price action towards the end of June signaled a bullish rally for the token. 
However, the current regulatory pressure on the crypto market has created an unpleasant scenario. ADA is now delisted on some crypto exchanges but still retains most of its gains from June 2023 despite today’s price pullback. 
Meanwhile, ADA has been enjoying a positive adoption cycle recently, with its projects moving to Africa and other remote areas. 
<h2>Cardano Stuck At the $0.29 Price Level As Bears Fight Back</h2>
Cardano <a target="_blank" href="https://coinmarketcap.com/currencies/cardano/historical-data/">traded at $0.36</a> on June 1, 2023, increasing to $0.37 on June 2. It lost some of its price gains on June 5, dropping to $0.35, with a further decline to $0.32 between June 7-8. 
A return to $0.29 for the first time on June 9 proved that its price form had dipped into a bearish trend. It experienced further price volatility with highs and lows in-between until June 20, when the bulls began their recovery charge, driving it to $0.2703.
It attained $0.29 on June 22 and retraced slightly to $0.28 on June 26 before reclaiming the $0.29 price level on July 1, starting the month positively despite shedding its early price gains in June.  
However, its trading volume is down today as the bears attempt to force further retracement in its price. 
<h3>Cardano Price Prediction: Bears Reclaim Control Over Market Today</h3>
<figure><img src="https://insidebitcoins.com/wp-content/uploads/2023/07/Screenshot-2023-07-04-003625-300x107.png" alt="Cardano" srcset="https://insidebitcoins.com/wp-content/uploads/2023/07/Screenshot-2023-07-04-003625-300x107.png 300w, https://insidebitcoins.com/wp-content/uploads/2023/07/Screenshot-2023-07-04-003625-768x273.png 768w, https://insidebitcoins.com/wp-content/uploads/2023/07/Screenshot-2023-07-04-003625.png 816w" /><figcaption>Source: Tradingview.com</figcaption></figure>
ADA is trading in a sideway trend today. The small candle formed shows limited price action in the market for the asset, evident from a drop in its trading volume.
The coin is also trading below its 50-day and 200-day Simple Moving Averages (SMA), with bearish sentiment in the short and long term. It implies that the bears have returned to the market to halt the uptrend from June 29 to July 1.
Also, its Relative Strength Index (RSI) is 48.42 in the neutral zone between the oversold region of 30 and the overbought region of 70.
The RSI is moving sideways, reflecting the current sideways trend on the daily chart. Also, ADA’s Moving Average Convergence/Divergence (MACD) is negative, a bullish signal. Its Histogram bars are fading off, suggesting a trend reversal for the token.
However, despite the current bullish outlook, the MACD is still above its signal line, hinting at a possible rally for the token. ADA will likely recover long-term if the bulls mount another rally.
<h3>ADA Support And Resistance Levels</h3>
<figure><img src="https://insidebitcoins.com/wp-content/uploads/2023/07/Screenshot-2023-07-04-003653-300x149.png" alt="Cardano" srcset="https://insidebitcoins.com/wp-content/uploads/2023/07/Screenshot-2023-07-04-003653-300x149.png 300w, https://insidebitcoins.com/wp-content/uploads/2023/07/Screenshot-2023-07-04-003653.png 717w" /><figcaption>Source: Tradingview.com</figcaption></figure>
ADA has found vital support at the $0.287 price level. Its recent rally began from the $0.267 support level as it recorded higher highs in its price. 
However, it is currently under pressure from the bears at the $0.298 price level, intent on limiting its price action. A break above this level will help ADA rally to reclaim the $0.323 price level.
The indicators suggest the bears are intent on keeping their price. As such, the coin will likely continue declining until it returns to the $0.287 support level in the short term.
<h2>Factors Affecting ADA’s Price</h2>
Several factors could combine to affect the price of a cryptocurrency in the market. They include macroeconomic factors such as inflation and the laws of supply and demand.
Also, crypto regulations, the fear and greed index, investors’ sentiment, utility, and recent innovations could influence an asset’s price. Cardano is widely regarded as a developers’ hub and always promotes a community-centered approach.
Here are the recent innovations that could likely be pushing its price gains despite the current slump in its trading volume. 
<h2>Recent Trends In Cardano’s Network That Are Likely Influencing Its Price</h2>
<h3>Revolut Delisting Cardano, Polygon, And Solana In The US</h3>
A crypto-friendly bank, Revolut revealed plans to delist Cardano (ADA) alongside Solana (SOL) and Polygon (MATIC).
Delisting SOL implies that their users in the United States cannot purchase these three tokens and, therefore, must liquidate their holdings before September 18, 2023.
The move is likely connected to the recent increase in <a target="_blank" href="https://twitter.com/ICODrops/status/1674666283743232000">regulatory pressure</a> in the US, with major exchanges such as Binance and Coinbase facing lawsuits for trading some tokens labeled as securities. 
It also reflects the <a target="_blank" href="https://twitter.com/ICODrops/status/1674666283743232000">fear factor</a> in the market as Robinhood and eToro also recently ceased trading these tokens.
However, according to the announcement, there are no plans to delist them from other markets apart from the US based on rising regulatory pressure. 
<h3>Charles Hoskinson Reacts to Vitalik Buterin’s Comments Promoting Cardano</h3>
Cardano’s Founder, Charles Hoskinson, expressed surprise at comments credited to Ethereum’s co-founder Vitalik Buterin on his stance about ETH staking.
According to Buterin, he only takes a small portion of ETH based on safety and security concerns. He believes that for safety, the wallet used must be multi-signature wallets which are quite difficult to set up.
Hoskinson <a target="_blank" href="https://twitter.com/IOHK_Charles/status/1674446869143928833">reacting</a> to Buterin’s comments, stated that he was at a loss for words. Furthermore, he revealed that his ADA holding is staked.
He noted that staking is a normal process in a properly designed Proof-of-Stake (PoS) protocol. According to Hoskinson, this stance promotes the fact that Cardano is a reliable Proof-of-Stake protocol.
<h3>Cardano’s Report On Global CIP-1694 Workshops</h3>
The CIP-1694 is Cardano’s project-centered on-chain governance. Based on its importance Cardano launched a series of <a target="_blank" href="https://docs.google.com/document/d/1F8Hj2tBO8CW1xd9ifV0OA2NFJmV8t-julWNjtCB2xYU/edit?usp=sharing">workshops</a> engaging its community on governance.
These workshops will occur between May and July 2023, backed by their global workshop grant fund. Presently, several workshops are ongoing in various locations in Cardano’s ecosystem.
These <a target="_blank" href="https://www.essentialcardano.io/article/cip-1694-community-workshops-the-line-up">workshops</a> feature virtual and in-person events for networking within the community and an understanding of on-chain governance. These events and programs give Cardano exposure in the crypto community which can affect its price positively.
<h3>Cardano’s Making Strides In Africa</h3>
Cardano’s <a target="_blank" href="https://twitter.com/Lido_Phuffy/status/1673323910610186242">Swahili Learn to Learn project</a> funded the Lido Nation to support its Swahili language education program.
The program is richly equipped with 75 learning modules and questions for the participants. Swahili is a majority language in South East Africa, a target area for Cardano worldwide adoption.
The Swahili-speaking users that registered for the program connected their Cardano wallets to participate in daily quizzes for rewards. At its conclusion, some participants received up to $25 as a reward for learning.
According to a recent <a target="_blank" href="https://www.lidonation.com/en/posts/catalyzing-cardano-adoption-in-africa">report</a> on this innovative African project, Kenya emerged as the most successful location for the Cardano Africa project, with 432 participants registered.
It implies that Cardano is closer to achieving its cardinal goal of promoting its tokens and adoption into relatively new territories such as Africa. Eventually, it could positively influence Cardano’s price. 
While ADA experiences price volatility due to various factors, investors can take advantage of presale tokens with future potential. 
<a target="_blank" href="https://launchpad.xyz/en?clickId=fx_b27264_f89ff0590d31d42973533458dd988a1e_1">Launchpad,</a> XYZ is an innovative AI-powered platform that provides traders with the necessary tools and insights to place successful trades. 
It is a decentralized ecosystem for launching projects and fundraising where investors can easily connect. It utilizes the revolutionary Web3 concept to launch the next wave of crypto innovation based on blockchain technology.
<h3>Presales Show Massive Investors’ Interest In Crypto Community</h3>
<a target="_blank" href="https://insidebitcoins.com/visit/launchpad">Launchpad’s</a> presales continue to attract more interest from investors based on its utility and relevance to the future. Early investors stand a chance to benefit from a guaranteed price increase once the LPX token lists on exchanges.
Currently, the presales have realized over $1.08 million, close to its goal of approximately $1.55 million for the presale. Each LPX token is worth $0.0445 and will increase to $0.046 by the next stage. 
Once it lists on exchanges, the value will move to $0.0565, thus rewarding early investors, another reason for the current upturn in the number of investors.
It aims to provide a reliable platform for projects and entrepreneurs for funding and networking opportunities within the <a target="_blank" href="https://insidebitcoins.com/news/crypto-startups-soar-as-blockchain-ventures-raise-90-million-in-funding">crypto</a> ecosystem. Launchpad investors support innovative projects while potentially reaping benefits from these projects.
<h3>Why Delve Into Launchpad</h3>
Launchpad XYZ promotes the broader trends that are profitable in the <a target="_blank" href="https://insidebitcoins.com/news/crypto-startups-soar-as-blockchain-ventures-raise-90-million-in-funding">crypto space</a>. One such is the increasing demand for alternative channels for investment, such as Decentralized Finance (DeFi).
The project gives its users a decentralized and reliable platform for their fundraising campaigns. Therefore, it empowers investors to participate in potentially successful crypto projects such as $PEPE that rewarded its early investors. 
Launchpad XYZ tokens can be acquired using ETH, USDT, or direct bank deposit. The project’s sentimental analysis will provide traders with the much-needed edge in a market controlled mainly by institutional traders.
Also, it provides learning opportunities for its users to become better acquainted with the Web3 ecosystem providing access to news and trends. With an exciting roadmap and detailed framework in its whitepaper, it remains one of the hottest crypto prospects 2023. 
 <div>
 <div>
 DeeLance - New Web3 Coin Presale
 </div>
 <div>
 <ul>
 <li>First Decentralized Freelancing Network</li>
 <li>Find Employers in the Metaverse</li>
 <li>NFT Marketplace, $100k Giveaway</li>
 <li>Presale Stage One Live Now</li>
 <li>SolidProof &amp; Coinsult Audited</li>
 </ul>
 </div>
 </div>
 
<div>Join Our <a href="https://t.me/insidebitcoins" target="_blank">Telegram </a>channel to stay up to date on breaking news coverage</div>
	</div>
</article>
<div>
 <div><img alt src="https://secure.gravatar.com/avatar/cae2afde7b72b606ea53efb6f1717e7f?s=130&amp;d=mm&amp;r=pg" srcset="https://secure.gravatar.com/avatar/cae2afde7b72b606ea53efb6f1717e7f?s=260&amp;d=mm&amp;r=pg 2x" />
 </div> 
 <div>
 
																			Author																	
							
 Mikey (Mike) Dalton was a library research assistant before stepping into technology journalism. He is curious about how the tech world works, and he is always amazed by the abrupt growth of blockchain technology.
 </div>
 </div>
		</div>

InsideBitcoins

Cardano Price Analysis: ADA's Downturn Opens the Door for a Promising Alternative - Launchpad XYZ 

<div>
<article>
	<img src="https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1.jpeg" alt="Cardano" srcset="https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1.jpeg 1280w, https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1-300x169.jpeg 300w, https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1-1024x576.jpeg 1024w, https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1-768x432.jpeg 768w" />	
	<img src="https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1-300x169.jpeg" alt="Cardano" srcset="https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1-300x169.jpeg 300w, https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1-1024x576.jpeg 1024w, https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1-768x432.jpeg 768w, https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1-269x153.jpeg 269w, https://insidebitcoins.com/wp-content/uploads/2023/06/cardano-1280x720-1.jpeg 1280w" />	
	<div>
<div>Join Our <a href="https://t.me/insidebitcoins" target="_blank">Telegram </a>channel to stay up to date on breaking news coverage</div>Cardano ADA is among the <a target="_blank" href="https://insidebitcoins.com/buy-cryptocurrency/best-ai-crypto-coins">top ten crypto</a> projects in the market and currently ranks number seven. It has experienced price volatility in the past week, partially hinting at a recovery following the crypto market rallies.
Although it is currently down by 2.45% at press time, its trading volume is up by 11% today, June 28. ADA gained over 2% on its price yesterday, and the current retracement might not remain in the long term.
Cardano is a worldwide developers’ hub supporting several projects on its blockchain. But ADA’s price behavior is influenced by several factors within its ecosystem and other macroeconomic factors.
<h2>ADA Lost Early Price Momentum In June</h2>
ADA traded at <a target="_blank" href="https://coinmarketcap.com/currencies/cardano/historical-data/">$0.3647</a> on June 1, increasing to $0.3783 on June 2. Bearish pressure forced a steady decline till it dropped to $0.2954 on June 9, losing some of its earlier gains.
Regulatory setbacks for altcoins seemed to take their toll on the crypto market within this period as most coins and tokens retraced.
ADA dropped further to $0.2632 on June 14. However, the bulls returned to push its price to $0.2669 on June 17. It reclaimed the $0.2903 price level on June 22 before another decline to $0.2804 on June 26.
Currently, ADA is trading at the $0.275 price level as the bears continue to mount pressure on its price. 
<h3>Bears Return To ADA Market, Pushing Its Price Down</h3>
ADA is currently in a downtrend forming a red candle on the daily chart. Its gains yesterday are giving way as the bears dominate ADA’s price. ADA is trading below its 50-day and 200-day Simple Moving Averages (SMA), a short and long-term bearish sentiment.
The 50-day SMA formed a Death Cross descending below the 200-day SMA on June 19, confirming the prevalent bearish trend.
The Relative Strength Index (RSI) is 37.69, close to the oversold region 30 and still descending. It also expresses a bearish sentiment since it is far from the overbought region 70. However, it also indicates a possibility of a trend reversal from the downside. 
<img src="https://insidebitcoins.com/wp-content/uploads/2023/06/Screenshot-2023-06-28-at-5.24.34-AM-1-1024x404.png" alt="Cardano Price Forecast: ADA Price Poised for Significant Upside Potential in the Coming Months" srcset="https://insidebitcoins.com/wp-content/uploads/2023/06/Screenshot-2023-06-28-at-5.24.34-AM-1-1024x404.png 1024w, https://insidebitcoins.com/wp-content/uploads/2023/06/Screenshot-2023-06-28-at-5.24.34-AM-1-300x118.png 300w, https://insidebitcoins.com/wp-content/uploads/2023/06/Screenshot-2023-06-28-at-5.24.34-AM-1-768x303.png 768w, https://insidebitcoins.com/wp-content/uploads/2023/06/Screenshot-2023-06-28-at-5.24.34-AM-1.png 1518w" />
ADA’s Moving Average Convergence/Divergence (MACD) is still above its signal line, which is a bullish sentiment. 
However, the MACD’s negative values and the fading Histogram bars indicate a bearish trend reversal for the asset. ADA will likely record more decline if the bears persist.
ADA’s recent price action shows much volatility and market noise. Regulatory pressure also caused a downturn in the general crypto market at some point in June 2023. 
However, Cardano’s developmental strides and all-inclusive community makes a strong case for its eventual worldwide adoption and increase in ADA’s value. A bullish recovery in the long term remains possible for the asset if more traders and investors back its growth.
Note that cryptocurrencies are volatile assets and regularly deviate from predicted price patterns. 
Therefore, the technical and fundamental analysis combined with proper risk management techniques is vital for all crypto investors and traders.
<h2>Experts’ Insights On ADA’s Price For The Short And Long Term</h2>
<a target="_blank" href="https://bitnation.co/forecast/cardano-price-prediction/#:~:text=How%20much%20will%20Cardano%20be,all-time%20high%20of%20%242.75.">Bitnation</a> predicts that ADA in 2023 will attain a minimum price of $0.330916, an average price of $0.401365, and a maximum price of $0.496374. In 2025, they predict a minimum of $0.882443, an average price of $0.965172, and a maximum price of $1.05.
By 2030, the experts forecast a minimum price of $2.26, an average price of $2.34, and a maximum price of $2.43. <a target="_blank" href="https://coinpedia.org/price-prediction/cardano-price-prediction/">CoinPedia</a> forecasts for ADA in 2023 are a minimum price of $0.472, an average price of $0.552, and a maximum price of $0.716.
In 2025, the minimum expected price is $0.924, the average price, is $1.063, and the maximum price is $1.267. Also, in 2030, the minimum price is $2.99, the average price, is $3.52, and the maximum price is $4.10.
<a target="_blank" href="https://changelly.com/blog/cardano-ada-price-predictions/">Changelly Blog</a> ADA forecasts for 2023 are a minimum price of $0.186, an average of $0.275, and a maximum price of $0.365. In 2025, the minimum price expected is $0.71, the average price, is $0.74, and the maximum price is $0.84.
In 2030, according to the forecast, the minimum price is $4.61, the average price is $4.78, and the maximum price is $5.64.
<h2>Possible Factors Affecting ADA’s Price</h2>
Several factors could act independently or combine to influence ADA’s price action. These factors include macroeconomic factors such as inflation and recession.
Others include laws of supply and demand, crypto regulation, and network innovation and developments.
Developmental strides within a crypto ecosystem are also crucial to its price action. These developments often influence investors’ sentiment to adopt crypto projects. 
Here are some recent innovations in Cardano’s ecosystem that might influence its price. 
<h3>Cardano Community Calls For NFT Design Submission</h3>
Cardano called on its community to <a target="_blank" href="https://summit.cardano.org/nft-collection/">submit NFT designs</a> for the upcoming Cardano Summit 2023 NFT collection. This year’s topic is Blockchain for Social Impact, and all submissions must relate to the central theme.
Cardano selects a community project to design and distribute the official Cardano Summit <a target="_blank" href="https://insidebitcoins.com/news/azuki-set-to-drop-its-new-elementals-nfts-on-july-27-heres-all-you-need-to-know">NFTs</a>. According to the report, submissions are open till June 30, 2023. 
These submissions are part of the community-focused initiatives on Cardano’s platform to promote inclusivity.
<h3>Cardano’s Global CIP-1694 Workshops</h3>
The CIP-1694 is a program focused on Cardano’s on-chain governance. Due to the importance of this concept, Cardano launched a series of workshops to engage its community on governance.
These workshops are slated between May and July 2023 and are backed by their global workshop grant fund. Several workshops are ongoing across several locations in Cardano’s ecosystem worldwide.
The <a target="_blank" href="https://www.essentialcardano.io/article/cip-1694-community-workshops-the-line-up">workshops</a> will feature virtual and in-person events to promote networking and grant the community a better understanding of on-chain governance. These events give Cardano vital exposure in the crypto community and beyond and can possibly influence its price in the future.
<h3>Cardano’s Adoption In Africa Rising</h3>
Cardano’s <a target="_blank" href="https://twitter.com/Lido_Phuffy/status/1673323910610186242">Swahili Learn to Learn project</a> provided the necessary funding for Lido Nation to create a Swahili language Cardano education program. The program contains 75 modules and quizzes for the participants. Swahili is a major language in South East Africa, a target area for Cardano adoption.
Swahili-speaking users registered for the program connected their Cardano wallets, and participated in daily quizzes. At the end of the training, some earned up to $25 as incentives for learning.
According to a <a target="_blank" href="https://www.lidonation.com/en/posts/catalyzing-cardano-adoption-in-africa">report</a> on this African project, Kenya was the most successful location for the Cardano Africa project, with 432 participants.
It implies that Cardano is closer to achieving one of its goals by pushing its adoption into relatively new territory. Eventually, this could have a positive impact on ADA’s price. 
<h2>Cardano ADA Alternative</h2>
While ADA is under bearish pressure, investors can take advantage of yPredict’s ongoing presales.
<h3>yPredict (YPRED)</h3>
<a target="_blank" href="https://insidebitcoins.com/visit/ypredict">yPredict</a> is a trading platform built for developers, traders, quants, and analysts, granting them access to trading signals and vital data. It gives regular traders an edge to survive market manipulation from the larger players, such as the whales in the crypto market.
Also, It is an analytical tool backed by Artificial Intelligence (AI) which is the trending innovation worldwide, providing practical solutions. yPredict provides its users with AI signals in real-time and access to powerful predictive models designed by the top 1% of AI experts.
Also, it provides its users with real-time sentimental analysis on all popular crypto coin projects. It implies that yPredict users are safe from rug pulls and other crypto scams. 
These insights include technical and fundamental analysis for trading, with the AI providing the most effective indicators to trade each asset. Additionally, the AI recognizes over 25 distinct chart patterns for shortlisted coins, thus providing details insights to users.
This feature is beneficial, especially to new crypto traders who do not understand the market or have a proper technical analysis background. The ecosystem operates a decentralized governance model granting users access to voting with their YPRED tokens.
Also, the yPredict marketplace gives traders access to vital statistics in real-time on a particular coin’s progress for proper analysis and the best trade decisions. yPredict’s Learn-to-Earn (L2E) platform makes it stand above other projects since it is an innovative concept. Users earn rewards for completing education modules.
These rewards come as  YPRED tokens, which are convertible for several purposes.
Also, staking is another notable feature within the ecosystem. It provides users with an avenue o earn passive income and controls inflation since it has a finite circulating supply.
Controlling the circulating supply will likely boost the asset’s value in the long run, as scarcity often leads to price increments.
<h3>Investors Rush To Amass YPREDTtoken</h3>
YPRED is the platform’s utility token that serves various purposes, such as providing rewards in the ecosystem.
It is currently on presale, raising over $2.6 million from the first stage to its sixth stage. Each YPRED token is worth $0.09. it will officially list at $0.12 once the presales conclude. YPRED’s total supply is 100 million, with 6.6 million as the circulating supply earmarked for its listing.
There are over 20,000 users on its waitlist for listing, and the project features on popular news outlets such as Cryptonews and Yahoo! Finance. It operates on the Polygon network and is certified and secured, with KYC procedures for its users.
 <div>
 <div>
 Wall Street Memes - Next Big Crypto
 </div>
 <div>
 <ul>
 <li>Early Access Presale Live Now</li>
 <li>Established Community of Stocks &amp; Crypto Traders</li>
 <li>Featured on BeInCrypto, Bitcoinist, Yahoo Finance</li>
 <li>Rated Best Crypto to Buy Now In Meme Coin Sector</li>
 <li>Team Behind OpenSea NFT Collection - Wall St Bulls</li>
 <li>Tweets Replied to by Elon Musk</li>
 </ul>
 </div>
 </div>
<div>Join Our <a href="https://t.me/insidebitcoins" target="_blank">Telegram </a>channel to stay up to date on breaking news coverage</div>
	</div>
</article>
<div>
 <div><img alt src="https://insidebitcoins.com/wp-content/uploads/2022/07/writer-5-300x300.png" srcset="https://insidebitcoins.com/wp-content/uploads/2022/07/writer-5-300x300.png 300w, https://insidebitcoins.com/wp-content/uploads/2022/07/writer-5-86x86.png 86w, https://insidebitcoins.com/wp-content/uploads/2022/07/writer-5.png 320w" />
 </div> 
 <div>
 
																			Author																	
							
 Anthonia's articles are known for their clarity and accessibility, making complex concepts relatable to readers of all levels. With a commitment to empowering her audience, she strives to demystify crypto and highlight its potential for financial revolution.
 </div>
 </div>
		</div>

Cardano Price Forecast: ADA Price Poised for Significant Upside Potential in the Coming Months

<div data-id="124983" data-title=" Lido Nation [LIDO]" data-slug="https://en.cryptonomist.ch/2021/08/29/cardano-spo-column-lido-nation-lido/">This week&rsquo;s guest on the Cardano SPO Column is a single pool operator aiming to provide education and communication for the entire public blockchain space: Lido Nation [LIDO].Last week&rsquo;s guest was a stake pool dedicated to improvement of science and biomedicine operated by a scientist and pharmacist.This initiative is a point of reference for everything Cardano and every week or two we will invite a Stake Pool Operator (SPO) to answer some questions and give us an update directly from within the Cardano community.Considering that many of our readers are new to the crypto space, we will have a mix of simple and technical questions.Hello, thanks for your time. Tell us something about yourselves, where are you based and what are your backgrounds?LIDO Nation is run by Stephanie King and Darlington Wleh. We are two blockchain enthusiasts located in Minnesota, USA.&nbsp;Darlington, borned in Liberia, is a software and Devops engineer by day and at all times a dancer, humanitarian, idealist and entrepreneur.Stephanie, a midwest native, is a teacher and technologist with a passion for helping non-profits navigate and capitalize on technology.&nbsp;How did you discover Cardano and what fascinates you about it?Like many, I first followed Bitcoin, then Eth, then started foraging for gems during the ICO craze, with the primary goal of making &ldquo;life changing wealth.&rdquo; Finding Cardano was a huge turning point in my journey.Though not everyone will understand how the technology works, anyone who spends time in the Cardano community can see they are doing something very different. Cardano does everything from the middle out, and at the center is individuals: you, and me. It&rsquo;s a platform that seeks to improve the dignity and quality of life of one person, 2 billion times.Since we also have readers unfamiliar with staking, could you give an explanation of what it is, and what is the role of your stake pool?Staking is something that everyone who owns ADA coins should do! When you stake your ADA, you make it harder for any small group to gain an unfair advantage. Only staked coins get to participate in the automated security processes around adding data and processing transactions on the network. So if someone could own 51% of staked coins, then they could potentially have a starting point to hacking the system. When all of us stake our coins &ndash; millions, all over the world &ndash; we create unshakable decentralization, because the total supply of ADA is fixed.&nbsp;When you stake your coins, you designate a pool that will validate new blocks and secure Cardano on your behalf. LIDO stake pool is one of 2900+ servers around the world that holds a copy of the entire blockchain, helping to ensure that things stored on Cardano can&rsquo;t be forged or changed. Every now and then, LIDO pool is picked to validate and add new data (new blocks) to Cardano. When any pool validates and creates blocks, they earn rewards (more ADA) for the pool and for everyone who is staked with the pool. At LIDO, a percentage of our rewards supports ongoing Cardano News and education, as well as charitable donations. Many pools support good causes, which is something you may want to look for when you pick a staking pool!Something else that has been making strides in the Cardano ecosystem is Project Catalyst. Why are some describing it as the world&rsquo;s largest DAO and what is its purpose?Project Catalyst is a great experiment, exploring one way of spending the Cardano Treasury funds. The Treasury is how Cardano pays for its own development and maintenance. The way the Treasury is structured is revolutionary. It&rsquo;s like a country with no income tax, where instead the budget is paid for by economic activities, like imports and exports, tax on goods and services, etc. Project Catalyst is then like a truly democratic polling booth, where citizens vote on how Treasury Funds are used. Ideas to improve the Cardano network are submitted by community members who have great ideas that require funding. Anyone who holds ADA can vote for the winners. To date, $3M (USD) has been awarded to community innovators through Project Catalyst.&nbsp;I appreciate your contribution. Is there something else you&rsquo;d like to mention? Where can people find you?LIDO Nation is a purpose-driven Cardano staking pool, providing news, articles, and how-to resources for people to learn about Cardano. We skip the hype and the crypto-babble; we are a trustworthy resource that anyone can understand, even without a background in tech or finance. Our website has new content every week. We just launched a directory of all Project Catalyst proposals in an accessible UI. We&rsquo;re currently working on fully localizing the site for Spanish, French, Simplified Chinese and Swahili. We&rsquo;re also on Facebook and <a rel="nofollow noopener" target="_blank" href="https://twitter.com/LidoNation">Twitter</a>.Disclaimer: The opinions and views of the SPOs are their own and do not necessarily reflect those of the Cardano Foundation or IOHK.</div>Source: https://en.cryptonomist.ch/2021/08/29/cardano-spo-column-lido-nation-lido/

Lido Nation ($)

Blockchain education in plain English, Kiswahili & Español, outreach, and global community-building: because the future is for everyone. ticker: lido #ADAChain

Related Projects

Ambassadors Guild

The Catalyst School

Lovelace Academy

Featured News