An analyst says Cardano (ADA) is now setting up to surge after the cryptocurrency formed a pattern indicating a potential rally.
In a new thread, crypto strategist Ali Martinez tells his 44,000 followers on the social media platform X that the price of ADA could go up based on the cryptocurrency’s descending triangle chart pattern.
A descending triangle is generally considered a bearish signal as a continuation pattern in an established downtrend, but a breakout in the opposite direction known as a reversal pattern is bullish.
Martinez says Cardano may surge to $0.68 once it starts moving to the upside.
The crypto asset is currently trading for $0.54, up by 5% over the last 24 hours.
“Cardano shows signs of a descending triangle formation on its daily chart.
A sustained daily close above $0.53 could lead to the start of a 32% rally, potentially pushing ADA up to $0.68!”
Last month, the crypto analyst and trader also said that Cardano may see gains of over 1,300% as the asset goes through a consolidation phase similar to that in 2020 which catapulted ADA to its all-time high price of over $3, an increase of more than 2,900%, reports The Daily Hodl.
According to data from the market intelligence platform IntoTheBlock, a significant percentage of Cardano investors are long-time holders of the asset.
“23% of Cardano holders have held their ADA for more than 5 years.”
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Binance will now launch a massive Web3 crypto gaming project built on Ronin (RON) which will be focused on farming and exploration.
The top global crypto exchange says the 46th Binance Launchpool project will be Pixels (PIXEL), a blockchain-based, open-ended game focused on farming and exploration.
Launchpool allows users to stake coins to farm new assets, reports The Daily Hodl.
Starting on Friday, Binance users will have 10 days to stake BNB and the stablecoin First Digital USD (FDUSD) in separate pools to farm PIXEL tokens.
The exchange will then list PIXEL for trading on February 19th and apply a seed tag to the asset.
Binance applies seed tags to lower-liquidity tokens that have more volatility potential, and users who own assets with tags are required to pass quizzes every 90 days to ensure they’re aware of their inherent risks.
Pixels promoted the exchange listing on the social media platform X and noted that the game surpassed more than 180,000 daily active users (DAU) in 2023.
“Our explosive growth can be attributed to two core factors: our community and our migration to Ronin, Sky Mavis’ proprietary blockchain. Behind every successful web3 game is a thriving, engaged, and passionate community.
We started with a core, devoted community that has only expanded as Pixels was introduced to the players in the Ronin ecosystem.”
Ronin (RON) is a gaming-focused Ethereum (ETH) sidechain.
“With the listing on Binance and the sunset of $BERRY to create a sustainable ecosystem, we are confident that Pixels’ best days are ahead,” the network said.
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If you’re new to the crypto world, I’m going to provide you with a list of cryptocurrencies to watch.
Cryptocurrency has earned early investors millions and even billions of dollars in ROI.
You might be thinking, is it too late to buy crypto? The short answer is absolutely not.
And if you’re not invested in crypto yet, I’m going to leave a link at the end of this article of my step by step guide on how to buy cryptocurrencies.
Welcome to Franknez.com – if you’re part of the Patreon you’ve seen when I add a cryptocurrency to my crypto portfolio. Today I want to talk cryptocurrencies and why these powerful assets will keep on surging.
Let’s get started!
Now, a lot of you might be familiar with Dogecoin, Bitcoin, and Ethereum.
These are some of the most popular cryptocurrencies out there.
Just recently Shiba Inu Coin began trending as well.
These so called ‘speculative’ plays have earned investors gains unlike anything else in the markets.
These are only some powerful crypto plays that are nowhere near done growing primarily because of their communities!
#1. Ethereum (ETH)
Shark Tank star and Dallas Mavericks owner Mark Cuban just said, “as an investment, I think Ethereum has the most upside.”
And he’s not the only one who speculates ETH is in it’s infant stage either.
But before I continue, this article won’t be about the technical side of the cryptocurrencies themselves but rather a worldview of the crypto’s upside as an investment.
“In a recent Forbes article, a panel of crypto experts including Sagi Bakshi and Lex Sokolin predict that ETH could rise as high as $19,842 by 2025 and that by the end of 2022 it could be the most widely transacted cryptocurrency due to its expanding utility in the marketplace”, via Crunchbase.
At the publication date of this article, ETH cryptocurrency is trading close to $3.1k.
Joe McCann, an angel investor and crypto margin trader believes the Ethereum could even reach as high as $50,000.
Dogecoin has to be the biggest meme cryptocurrencies in the market. I would consider DOGE to be one of the riskiest too.
Primarily because of the edge other coins have. Other cryptocurrencies are trying to solve real-world problems where as Dogecoin is a community meme.
However, it’s this community that’s allowed DOGE to be an extremely successful cryptocurrency this year.
It has gained a whopping 9000% just from one year alone.
Just like AMC and GameStop show us, communities are everything. Communities have power and I believe that Dogecoin will continue to surge as long as its community of retail investors want it to.
Dogecoin is currently trading around $0.17 and peaked at $0.74 back in May earlier this year.
You might know Mark Cuban and Elon Musk for being two massive supporters of the DOGE community.
Being in the AMC community, I’m very proud of communities and tip my hat to DOGE for what it’s created.
CryptoNewz predicts Dogecoin hover above $1.07 in the year 2022.
Based on this prediction, you could multiply your money by 4 in the short-term.
#5. (What Do You Think?)
What other cryptocurrency or cryptocurrencies at that, should be on this list?
Do you hold any of these on this list? What’s your favorite coin? Let’s have a discussion. Leave a comment below!
If you’re interested to know how you can use cryptocurrencies to entertain yourself and make some extra profit you can find more information on theresite.
There’s no denying that cryptocurrencies have had unmatched popularity over the past few years. As of February 2022, there are about 10,000 different cryptocurrencies in circulation, and this number is growing at an unprecedented pace.
Such pace has further fueled the growth and development of blockchain technology, with projections suggesting the international blockchain market will reach a value of $23.3 billion by the end of 2023.
Despite this growing prevalence and popularity of cryptocurrencies, widespread confusion still remains associated with them.
Are you someone with a similar confusion too? Let’s take this opportunity to better understand cryptocurrencies and what they are all about.
Cryptocurrencies are decentralized digital money based on blockchain technology and secured by cryptography. Three primary terminologies make cryptocurrencies what they are. These terminologies include decentralization, blockchain, and cryptography.
Decentralized money is very different from fiat currencies backed by governing authorities such as banks and governments. With cryptocurrencies, there is no authority to take responsibility for the ups and downs in the prices of cryptocurrencies. This enables people to carry out their transactions based on cryptographic evidence instead of trust.
Blockchain is a digital ledger with distributed access among authorized users. This technology is used to record transactions associated with assets, which is cryptocurrency. Blockchain offers unrivaled transparency about all the information regarding crypto transactions. This recorded information cannot be tampered with or modified even by the administrators, making it one of the most secure ledgers.
Cryptography is a process of using encryption technologies to protect data from unauthorized access. The defining characteristics of cryptocurrencies, such as immutability and privacy, are the result of cryptography.
Cryptocurrencies were initially introduced in 2009 in the form of Bitcoins. The currency was created by a group of individuals who go by the pseudonym of Satoshi Nakamoto. However, even after its successful launch, it would take years before Bitcoin gained formal recognition and the prominence it boasts today.
How Does Cryptocurrency Work?
As mentioned earlier, cryptocurrencies are not regulated or backed by any authority. Therefore, this works outside the conventional banking system. So, let’s get a better understanding of the working principles of cryptocurrencies.
Mining
Mining is a digital process where one can generate cryptocurrencies by solving complex mathematical puzzles. One will require potent and specially equipped commuting systems to solve these puzzles and get Bitcoins in exchange. This process is very complex, and it can even take thirty days for one to complete the process ideally.
Buying, Selling, And Storing Cryptocurrencies
Fortunately, one does not have to deal with the complexities of mining to get their hands on cryptocurrencies. The more straightforward way to get cryptocurrencies is to purchase them from crypto exchanges or other platforms.
Once bought, cryptocurrencies can be stored in digital wallets, which can be either hot or cold wallets. The hot ones are connected to the internet, while the cold wallets are safer as they are not connected to the internet.
Investing Or Transacting
Transferring your cryptocurrencies from one digital wallet to the other is very simple. All you will need is a smartphone and access to the internet to transfer your cryptocurrencies. There are also many platforms where you can exchange your cryptocurrencies with fiat currencies. Other than that, you can also get crypto debit cards to withdraw cash, just as you do in an ATM. Aside from that, an increasing number of businesses are accepting cryptocurrency payments.
Crypto payment getaways, such as Coingate, provide secure crypto storage and transactions, making your financial life with cryptocurrencies safe, fast, and more convenient.
How Did Cryptocurrencies Become So Popular?
Everybody is aware of the growing popularity of cryptocurrencies, and there are many factors fueling that factor. These factors include the low transaction fees, as crypto transactions are much cheaper than conventional transactions.
Other than that, the enhanced control and security offered by cryptocurrencies as a single private is the only way to access the cryptocurrencies. This is much appreciated by crypto users who have been battered by the uncontrollable ups and downs of the conventional financial market.
However, the most crucial factor behind the growing popularity of cryptocurrencies is the profit potential. Many people have made great fortunes through crypto investments making it an appealing investment.
Conclusion: Should I Invest in Cryptocurrency?
Cryptocurrencies come with numerous advantages making them a safe investment for many. However, they also have their fair share of disadvantages. A couple of qualities shared cryptocurrencies, such as their decentralized nature, unmatched privacy, and security. In addition, the limited and regulated supply of cryptocurrencies makes them a profitable investment.
However, one must not get carried away with these qualities because investment in cryptocurrencies also comes with risks. The highly volatile nature of these currencies makes it very challenging to predict their future value accurately.
Given these factors, it is always best if investors weigh the pros and cons and take calculated risks to invest in cryptocurrencies. Calculated risks can increase the chances of making a profit on your investment.
Cardano (ADA) has not gained much coverage from mainstream media due to other trending topics taking over in 2021.
However, 2022 will be ADA’s biggest year yet.
There’s a lot going on with Cardano and I’m going to break it all down for you in this article.
At the end you will have a clear head to whether ADA crypto could be the right investment for you.
Welcome to Franknez.com – today I’m taking you deep into ADA, what it is, how it works and why 2022 will be a hot year for the cryptocurrency.
Let’s get started!
If there’s another cryptocurrency you think I should dive deep into be sure to leave a comment below at the end of the article.
What is Cardano? What does it do?
Cardano is a blockchain and smart contracts platform with a cryptocurrency called ADA.
The Cardano blockchain was created by co-Founder of Ethereum’s proof-of-work (PoW) Charles Hoskinson, as a more efficient alternative to its counterparty.
Cardano is a third generation, decentralized proof-of-stake (PoS) block chain platform, which is basically an update from PoW enabling better costs, uses energy more efficiently, and speeds up transaction times.
Charles began developing Cardano and its primary cryptocurrency, ADA, in 2015 and launched both in 2017.
At inception, ADA’s price was only $0.11 per token, ADA’s current price is around $1.05 but has reached ATHs of more than $2.
Where will ADA price be this decade?
Keep reading to find out.
But first, why is Cardano trusted?
ADA runs on the proof-of-stake Ouroboros consensus protocol, where developments are informed by scholarly academic research.
What makes Ouroboros accelerating is that it is highly scalable and sustainably secure.
Not only is it the foundation of ADA, but of a blockchain-built future as well.
“At the heart of Ouroboros is the concept of infinity”
Cardano.org
I’m going to get more into all the innovative things ADA will be providing society with because of this technology down below.
But in short, this third-generation tech is much more advanced than that of Bitcoin and Ethereum, again, more on that below.
As society begins to step into the Metaverse, this is where we’re going to see ADA truly shine with its capabilities in blockchain technology.
ADA is technically still in development
There’s a roadmap to Cardano’s incredible madness.
This is why early adopters are getting in on ADA now before it reaches the fourth era.
Because ADA is a leader in its PoS segment, more on that below, scalability will mean you will no longer be able to invest in the cryptocurrency at this price ever again.
Let’s dive in a little deeper.
What era of Cardano are we in?
There are 5 eras of Cardano’s development.
Byron
Shelley
Goguen
Basho
Voltaire
Thy Bryon era was ADA’s foundation, Shelley was the decentralization step, and Goguen is smart contracts, the era of Cardano’s development we’re currently in.
However, we’re slowing going to begin to see a transition towards the Basho era very soon, the era of scalability.
This is where Cardano will be creating side blockchains to extend capabilities and catering to higher volume transactions.
Here we’ll see ADA’s price really begin to pick up momentum.
And finally, we have the Voltaire era.
This is the final stage in ADA’s development where Cardano will be introducing a treasury system and where network participants will be able to vote on the future developments of Cardano.
During this Era Cardano will be a leader in the crypto world as it already has the technology over Bitcoin and Ethereum.
How will Cardano change the world?
Cardano is currently what Bitcoin was to the world when it was worth only $1 per token.
Bitcoin introduced its PoW technology to the world and created a new form of transacting.
Ethereum then used the same PoW technology.
Cardano on the other hand is using a much more advanced version of transacting through staking (PoS).
You can stake your cryptocurrency with Cardano, essentially earning you interest on your cryptocurrency.
How much can you make staking Cardano?
Currently, 4.60%.
Using Ouroboros, Cardano has is able to securely, sustainably, and ethically scale up to 4 million times the energy of Bitcoin.
In real world, it will change how much more efficiently and effectively businesses make transactions and will play a massive part in the creation of NFTs and avatars in the metaverse.
The NFT gaming marketplace offers the gamer ownership of the in-game assets.
Literal ownership of a block in a game!
This isn’t your standard gaming process; you literally own technology though this creative way of using blockchain technology.
This new generation of mankind will be owners of technology and crypto, creating a new marketplace of bargaining, appreciation, trading, and investing.
Cardano is leading one of the most advanced and innovative ways to use blockchain technology.
As the metaverse is introduced to society, ADA will be a leader in cultivating that process.
And with the proper systems in place, Cardano will be able to handle scalability perfectly.
Thus, entering the Basho era of development.
Cardano Price Predictions
Most price predictions you see on the internet by mainstream finance platforms fail to recognize the massive impact Cardano will have on society at a macro scale.
As the metaverse continues to unfold this decade, Cardano’s prices will eventually level up to Ethereum prices.
The reason being is that ADA has a fixed supply of 45 billion tokens.
When you take into consideration how cheap ADA is at the moment, as metaverse begins to take over, investors and businesses are going to flock to Cardano’s leading technology and crypto.
And because it is fixed, like Bitcoin, a surge in demand is going to create incredible growth in the next few decades.
Where will ADA price be in 2022?
Founder Charles Hoskinson is predicting Cardano will skyrocket to $20 per token in 2022.
If ADA reaches $20 per token this year, investors will nearly 20x their investments from today’s current crypto price.
Before we know it, investors and traders alike will ask themselves how they missed this.
ADA is not a short-term play although it has much short-term growth capabilities.
You’ll want to hold Cardano long-term for appreciation as it goes through new eras of its development and use in the real-world and metaverse.
Can ADA reach Bitcoin numbers?
Taking into consideration the incredible scalability metrics ADA has through its blockchain, reaching Bitcoin numbers is certainly not impossible.
This of course would take time, but the cryptocurrency is scarce meaning supply and demand can take the price to unprecedented numbers.
Cardano is a sleeper crypto waiting to be awoken by not only investors, but by the technology and companies that will need it very soon.
Is Cardano (ADA) a buy?
Cardano is most certainly a buy if you’re looking at its long-term appreciation, scalability, and contribution to society in a blockchain and crypto-innovative world.
It’s hard to imagine that Bitcoin and Ethereum were also once trading at ADA’s current token price.
What is the difference between first and second generation blockchain and third generation blockchain?
The third generation blockchain such as Cardano has higher scalability, higher transaction speeds, and consumes less energy unlike the first and second generations, such as Bitcoin and Ethereum.
ADA’s current price is only a time stamp of where Bitcoin and Ethereum once were in our timelines as well.
Where can I buy Cardano (ADA)?
You can buy Cardano through a variety of platforms, but I personally use Coinbase because it’s secure and very easy to use.
ADA is sitting triumphally amongst the top 10 most popular cryptocurrencies in the crypto market.
It’s yielded investors a whopping 7,330.54% return since its inception in late 2017.
What I find incredible is that this is only the beginning for ADA.
If you could go back in time today and secure Bitcoin or Ethereum at $1, would you?
I have a feeling ADA is that opportunity again.
The latest Cardano news of 2022
Lastly, I want to share with you this incredible video covered by Max Maher on the latest Cardano news for 2022.
This video is going to further provide you with value on Cardano’s journey for the new year.
Overall, the sentiment behind ADA’s future is very bullish.
Be sure to bookmark this article for new updates or follow me on my social media platforms below for new content.
What are your thoughts on ADA?
Leave a comment below.
Do you hold the cryptocurrency?
And if so, what about its future excites you?
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