CARDANO price, news and Forecast (ADA US DOLLAR)
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Could Worldcoin price shoot up 45% ahead of OpenAI’s live stream on Monday?
Worldcoin has formed a double bottom around a key support level, suggesting a potential accumulation. If the OpenAI’s Monday live stream has a positive impact on Artificial Intelligence field, it could positively impact WLD and other AI-based tokens.
Here’s what needs to happen for The Graph price to revisit $0.422
The Graph price trades inside the $0.192 to $0.494 range. Investors need to wait for GRT to overcome $0.343 before being bullish on GRT. If successful, GRT could rally 50% and revisit the $0.422 hurdle. A decisive daily candlestick close below $0.192 will invalidate the bullish thesis.
SingularityNET price could bounce 30% if AGIX can hold this level
SingularityNET price has been consolidating around the bottom of the $0.903 to $1.475 range for nearly a month. With some AI-tokens showing signs of revival, AGIX needs to be enalyzed for potential breakout opportunities like Arkham (ARKM).
Arkham price primed for a recovery rally ahead of OpenAI’s announcement
Arkham price eyes a potential reversal as it clears key hurdles. ARKM likely to rally 27% if it can overcome $2.74 resistance level. A breakdown of $2.28 wil invalidate the bullish thesis for the AI-based token.
Bitcoin: Why BTC is close to a bottom
Bitcoin (BTC) price efforts of a recovery this week have been countered by selling pressure during the onset of the American session. However, the downside potential appears to have been capped.
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WHAT IS CARDANO?
According to the Cardano Foundation, Cardano’s native token, ADA, is a digital currency. Any user, located anywhere in the world, can use ADA as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain. Learn more in our Cardano Guide.
Every ADA holder also holds a stake in the Cardano network. ADA stored in a wallet can be delegated to a stake pool to earn rewards – to participate in the successful running of the network – or pledged to a stake pool to increase the pool's likelihood of receiving rewards. In time, ADA will also be usable for a variety of applications and services running on the Cardano protocol.
Characteristics of Cardano
Cardano was created as an alternative to Ethereum, with the mission of creating a platform that can process more transactions at a low cost.
- It is the first peer-reviewed decentralized blockchain protocol that uses a scientific approach.
- Cardano blockchain allows users to build smart contracts, create decentralized applications and protocols, and instantly send and receive funds with minimal fees.
- ADA holders use their coins to vote for changes or improvements on the protocol, taking part in its development.
Differences between Bitcoin and Cardano
- Cardano combines Ethereum and Bitcoin features. It also has other features inherent to third-generation blockchains.
- ADA approach is unique based on peer-reviewed scientific evidence to ensure its security.
- As a smart contract platform, Cardano provides safety and scalability through its unique two-layered architecture.
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