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Latest news Cardano
Last year, ADA prices fell, marking new lows, but then Cardano's team did not lose sight and lost too much time in development. Without a doubt, the Cardano, Emurgo and IOHK Foundation are working overtime and are not limited to repeating things. They are perhaps the only team that works in detail, does research and does not see the use of formal methods in a system that one day, in Voltaire, will process billions if not billions of transactions.
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Now, days after the announcement of the release of the Cardano 1.4 update, a necessary update that will see advanced performance, efficiency and savings in hard disk space, the team followed him with the release of the official trial of the stake white papers. This document, according to Sebastian Guillemot, who is responsible for R & D Engineering at Emurgo, is "fundamental to have sidechain on PoS systems and is the first rigorous definition of sidechain in PoS".
Today IOHK has published the test mail test card! What a way to finish the year !!! The document is essential to have sidechain on PoS systems and is the first strict definition of sidechain in PoS. Great impact for Cardano and crypto in general! https://t.co/wHsoOcMuEQ
– Sebastien Guillemot (@SebastienGllmt) December 31, 2018
It is a milestone for cryptographic and blockchain space as it is something new, peer-reviewed, a demonstration and a guide where developers can refer when building sidechains on pole network trials.
According to Cardano, the whitepaper is "a side chain construction suitable for side-chain proof-of-stake (PoS) systems" because "the PoS blockchain protocol used in Cardan, which is one of the largest pure PoS systems by capitalization of market ".
Cardano (ADA) Price analysis
Price wise and ADA is stable at 10th but they risk being bumped by Tron-market cap $ 1,302 billion against $ 1,262 billion at the time of printing. Otherwise, ADA is up 4.7% in the last day and 2.7% in the last week trading at 4.2 cents one.
From the chart, it is clear that buyers are in charge and after falling below 6 cents in mid-November before recovering a month later, there is a suspension for coin holders. So how it is, the immediate resistance is 4.5 cents. It marks the maximum of December 28th. And as a purchase line, it would be ideal if the confirmation of the price peaks were accompanied by volumes above the average between 15 and 15 December, when volumes were on average 70 million.
If prices print above 4.5 cents, then the next target will be 6 cents with mounting stops at 4.1 cents – the lower limit of the current commercial range. Otherwise, any drop below 4.1 cents could see ADA's prices plummet to 27-tenths of 3.6 cents before collapsing to the ATLs of 2.8 cents.
Our short-term Cardano (ADA) business plan is as follows:
Buy: 4.5 cents
Stop: 4.1 cents
Objective: 6 cents
Tron (TRX) Price analysis
At 11th is Tron (TRX). It is perhaps one of the most active currencies around and after adding 2.7% on the last day, the path of least resistance is towards the top. Even if we maintain a bullish perspective on this pair, prices will probably rise and even burst above 2.5 cents if there is enough momentum to break 2.1 cents or highs on December 28th.
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From the arrangement of the candles, this is likely to be printed because not only is the price recovering from the Fibonacci retracement level to 78.6%, but there was a confirmation of the continuation of the trend thanks to the bull bars high volume above the first of January.
Aggressive traders can buy on-site but better opportunities are available once prices are above 2.1 cents. Our TRX / USD business plan will be as follows:
Buy; 2.1 cents
Stop: 2 cents
Objective: 2.5 cents
All graphics courtesy of Trading View-BitFinex.
This is not an investment tip. Do your research.
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