{"id":464299,"date":"2021-05-22T22:36:48","date_gmt":"2021-05-22T22:36:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=464299"},"modified":"2021-05-22T22:36:48","modified_gmt":"2021-05-22T22:36:48","slug":"ada-drops-50-one-week-opportunity","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano\/ada-drops-50-one-week-opportunity\/","title":{"rendered":"ADA Drops 50% In One Week, Perfect Buying Opportunity?"},"content":{"rendered":"<p><a href=\"https:\/\/ktsl888.com\/news\/cardano\/cardano-kraken-launches-staking\/\">Cardano (ADA) has had an impressive run since 2020.<\/a> Its native token has soared beyond two major price marks at $1 and $2. Due to Bitcoin\u2019s price recent retracement, investors could have another shot at buying ADA before a major milestone is deployed.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/news\/company\/cardano-based-defi-infrastructure-builder-defire-raises-5-million-in-pre-ido-funding\/\">ADA trades at $1,48<\/a> with small losses in the daily chart and a 22% correction during the past week. In the monthly chart, Cardano&#8217;s native token still records a 22.1% profit.<\/p>\n<figure id=\"attachment_464301\" aria-describedby=\"caption-attachment-464301\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-464301 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/Cardano-ADA-ADAUSDT-1.png?resize=860%2C424\" alt=\"Cardano ADA ADAUSDT\" width=\"860\" height=\"424\"><figcaption id=\"caption-attachment-464301\" class=\"wp-caption-text\">ADA on a downtrend in the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ADAUSDT\/\" target=\"_blank\" rel=\"nofollow\">ADAUSDT Tradingview<\/a><\/figcaption><\/figure>\n<p>As part of its Goguen era, Cardano has deployed several updates with 2 <a href=\"https:\/\/ktsl888.com\/news\/cardano\/how-cardano-will-integrate-5-million-users-into-its-platform-with-ethiopian-deal\/\">Hard Fork Combinator events, \u201cMary\u201d and \u201cAllegra\u201d<\/a>. Now, Input-Output Global (IOG) has been conducting a stress test for the components of HFC \u201cAlonzo\u201d and the smart contract platform to be implemented with this event, Plutus.<\/p>\n<p>According to IOG\u2019s latest <a href=\"https:\/\/roadmap.cardano.org\/en\/status-updates\/update\/2021-05-21\/\" rel=\"nofollow\">update<\/a>, the Plutus team has been working on improving specific elements of the platform to allow \u201cconstant space contract instances\u201d. Thus, Plutus\u2019 smart contract will have reduced \u201credundant events\u201d captured and stored on the platform.<\/p>\n<p>The Marlowe team, a programming language that will simplify the process of using smart contracts on Cardano, has been focused on the integration with Plutus application backend (PAB). Simultaneously, they have worked on the website design and developer\u2019s documentation.<\/p>\n<h2><strong>Cardano\u2019s Alonzo On Track For Deployment<\/strong><\/h2>\n<p>One of the main reasons Cardano could have experienced such a rally is due to the expectations of Plutus and its smart contract capabilities. DeFi had a boom during 2020\u2019s summer and more competitors, such as Binance Smart Chain and Polkadot, have emerged and received a positive response from users.<\/p>\n<p>Cardano could be a more decentralized, secure, and cost-efficient transaction. Cardano\u2019s inventor and IOG\u2019s CEO <a href=\"https:\/\/ktsl888.com\/news\/charles-hoskinson-talks-capital-gains-tax-saying-its-depressing-sht\/\">Charles Hoskinson<\/a> recently gave an interview for the crypto news website Cryptobriefing. Hoskinson confirmed that IOG will launch a Pioneer Testnet \u201csoon\u201d.<\/p>\n<p>This phase will extend for two months. Plutus will undergo a \u201cfeature freeze\u201d at the end of June and will be a final step before its implementation. According to IOG\u2019s CEO, developers are already working on the dApps:<\/p>\n<blockquote><p>It will be about four to six weeks to actually do the hard fork and turn on smart contracts for the mainnet. We have also started the Plutus Pioneer Program where we are training over 1,000 developers who expressed interest in writing decentralized applications (dApps) on Cardano.<\/p><\/blockquote>\n<p>Hoskinson added that Cardano\u2019s new ecosystem will have dApps with various use cases such as NFT marketplaces, decentralized exchanges, lending and borrow platforms, oracles, stablecoins, and others. The platform will facilitate tools to migrate projects from <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/crypto-crash-cost-ethereum-co-founder-his-billionaire-status-said-bubble-could-have-ended\/\">Ethereum<\/a> to Cardano (ADA). On this subject, Hoskinson said:<\/p>\n<blockquote><p>We are finalizing arrangements with two dozen different dApps or platforms to come on over. That will happen over the next 180 days. It is a little hard to begin that conversation (\u2026). Usually, the conversation is not explicit migration from Ethereum to Cardano. Instead, what we have seen industry-wide is that projects want to become multi-chain.<\/p><\/blockquote>\n<p>With Bitcoin\u2019s dominance on a downtrend, after dropping below 40%, and altcoins with negative performance, investors could take advantage of the moment to \u201cbuy the dip\u201d. The crash has come before the full implementation of Plutus with \u201cAlonzo\u201d drives new users into the platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano (ADA) has had an impressive run since 2020. Its native token has soared beyond two major price marks at $1 and $2. Due to Bitcoin\u2019s price recent retracement, investors could have another shot at buying ADA before a major milestone is deployed. ADA trades at $1,48 with small losses in the daily chart and a 22% correction during the past week. In the monthly chart, Cardano&#8217;s native token still records a 22.1% profit. As part of its Goguen era, Cardano has deployed several updates with 2 Hard Fork Combinator events, \u201cMary\u201d and \u201cAllegra\u201d. Now, Input-Output Global (IOG) has been conducting a stress test for the components of HFC \u201cAlonzo\u201d and the smart contract platform to be implemented with this event, Plutus. According to IOG\u2019s latest update, the Plutus team has been working on improving specific elements of the platform to allow \u201cconstant space contract instances\u201d. Thus, Plutus\u2019 smart contract will have reduced \u201credundant events\u201d captured and stored on the platform. The Marlowe team, a programming language that will simplify the process of using smart contracts on Cardano, has been focused on the integration with Plutus application backend (PAB). Simultaneously, they have worked on the website design and developer\u2019s documentation. Cardano\u2019s Alonzo On Track For Deployment One of the main reasons Cardano could have experienced such a rally is due to the expectations of Plutus and its smart contract capabilities. DeFi had a boom during 2020\u2019s summer and more competitors, such as Binance Smart Chain and Polkadot, have emerged and received a positive response from users. Cardano could be a more decentralized, secure, and cost-efficient transaction. Cardano\u2019s inventor and IOG\u2019s CEO Charles Hoskinson recently gave an interview for the crypto news website Cryptobriefing. Hoskinson confirmed that IOG will launch a Pioneer Testnet \u201csoon\u201d. This phase will extend for two months. Plutus will undergo a \u201cfeature freeze\u201d at the end of June and will be a final step before its implementation. According to IOG\u2019s CEO, developers are already working on the dApps: It will be about four to six weeks to actually do the hard fork and turn on smart contracts for the mainnet. We have also started the Plutus Pioneer Program where we are training over 1,000 developers who expressed interest in writing decentralized applications (dApps) on Cardano. Hoskinson added that Cardano\u2019s new ecosystem will have dApps with various use cases such as NFT marketplaces, decentralized exchanges, lending and borrow platforms, oracles, stablecoins, and others. The platform will facilitate tools to migrate projects from Ethereum to Cardano (ADA). On this subject, Hoskinson said: We are finalizing arrangements with two dozen different dApps or platforms to come on over. That will happen over the next 180 days. It is a little hard to begin that conversation (\u2026). Usually, the conversation is not explicit migration from Ethereum to Cardano. Instead, what we have seen industry-wide is that projects want to become multi-chain. With Bitcoin\u2019s dominance on a downtrend, after dropping below 40%, and altcoins with negative performance, investors could take advantage of the moment to \u201cbuy the dip\u201d. The crash has come before the full implementation of Plutus with \u201cAlonzo\u201d drives new users into the platform.<\/p>\n","protected":false},"author":535,"featured_media":460091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,79508,12332],"class_list":["post-464299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\n<title>ADA Drops 50% In One Week, Perfect Buying Opportunity?<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) has had an impressive run since 2020. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/ktsl888.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"ADA Drops 50% In One Week, Perfect Buying Opportunity?","description":"Cardano (ADA) has had an impressive run since 2020. Its native token has soared beyond two major price marks at $1 and $2. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"ADA Drops 50% In One Week, Perfect Buying Opportunity?","url":"http:\/\/ktsl888.com\/news\/cardano\/ada-drops-50-one-week-opportunity\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/cardano\/ada-drops-50-one-week-opportunity\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA-4.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA-4.jpg?fit=541%2C355"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","adausdt","cardano"],"dateCreated":"2021-05-22T22:36:48Z","datePublished":"2021-05-22T22:36:48Z","dateModified":"2021-05-22T22:36:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ADA Drops 50% In One Week, Perfect Buying Opportunity?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano\\\/ada-drops-50-one-week-opportunity\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano\\\/ada-drops-50-one-week-opportunity\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Cardano-ADA-4.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Cardano-ADA-4.jpg?fit=541%2C355\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"adausdt\",\"cardano\"],\"dateCreated\":\"2021-05-22T22:36:48Z\",\"datePublished\":\"2021-05-22T22:36:48Z\",\"dateModified\":\"2021-05-22T22:36:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA-4.jpg?fit=541%2C355","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/464299"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=464299"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/464299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/460091"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=464299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=464299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=464299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}