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Latest news Cardano
The only way to compete with Cardano is to emulate its own engineering where the quality stages are deepened and the supervisory companies are responsible for their doubts, said Charles Hoskinson, IOHK's manager. Cardano promises to compete with Ethereum and work is underway to unveil the world's first intelligent bargaining platform that can process billions if not billions of data through well-researched technology and peer-reviewed.
To read: Tron (TRX) Eliminates Bitcoin SV (BSV) from step 9 based on Market Cap
In addition to their plans, they are at the forefront and contribute immensely to the growing industry. Just recently, they announced the release of an official Proof of Stake white paper, a guide from which other developers can refer when developing side chains.
It's not all. Coincodecap's verified data show that Cardano is the place where developers worked extraordinarily, contributing to the code. With 46,000 commits in the GitHub repository, Cardano has moved Ethereum from the mantle of activities – to fourth place with 15,617 commits by the end of 2018. Therefore, it is incredible that ADA prices continue to fluctuate on the periphery, constantly struggling for 10 with similar of TRX and sometimes Monero.
Read also: CoinBase: Ethereum Classic Chain Attacked, $ 450k + In Crypto Double Spent
Like a cryptocurrency and an open source digital platform, the commit number indicates interest. It is this interest and this activity that attracts value and with this rhythm, now that we are waiting for Byron, we expect that the ADA prices will expand to the north, consolidating its place among the top 10.
Cardano (ADA) Price analysis
The fundamentals are sound, but the formation of technical candlesticks suggests an underlying weakness even if the ADA bulls seem to have control. Statistics show that ADA rose 18.1% from last week's close at spot prices. Even 1.8% against the USD confirms our optimism.
Regardless of this, conservative traders would be invited to stay on the sidelines until there are no precise gains exceeding 6 cents. This level is the breakout level of the 2018 decline and any rise above 6 cents supported by volumes that usurped those of December 21 bull bar-343 million against 129 million, would trigger long-term purchases with 9.5 cents and 12 cent in the next few weeks.
Meanwhile, aggressive traders can buy at prevailing rates with stops at 4.1 cents with conservative targets at 6 cents
Our short and medium term ADA / USD business plan will be as follows:
Buy: 6 cents, place
Stop: 5 cents, 4.1 cents
Objective: 9.5 cents, 12 cents, 6 cents
Tron (TRX) Price analysis
After expanding the Asian session, the TRX bulls have their eyes fixed for 4 cents. TRX is one of the top performers who adds 34% in the last week and a massive 18% in the last day.
The pumping of this expansion is the volume of average trade, although we will have to discern the real figures after today's closing. As reiterated in previous TRX / USD commercial plans, both traders can buy at spot prices.
Alternatively, aggressive traders can go down a deeper level and buy on dives with the first 4 cents targets. The secure stop will be 2 cents.
Our TRX / USD business plan will be as follows:
Buy: Spot
Stop: 2 cents
Objective of 4 cents
All charts courtesy of the Trading View-BitFinex data streams
This is not an investment advice. Do your research
