{"id":519927,"date":"2023-02-16T20:00:33","date_gmt":"2023-02-16T20:00:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=519927"},"modified":"2023-02-16T18:45:00","modified_gmt":"2023-02-16T18:45:00","slug":"new-upgrade-pushes-cardano-over-0-4-whats-next","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano\/new-upgrade-pushes-cardano-over-0-4-whats-next\/","title":{"rendered":"New Upgrade Pushes Cardano Over $0.4, What’s Next?"},"content":{"rendered":"

The recent Cardano (ADA) <\/span>upgrade <\/span><\/a>to increase cross-chain interoperability has propelled the price of ADA above $0.420, breaking the range formed after January 8, 2023.<\/span><\/p>\n

ADA’s price action has been slow-paced, full of sideways movement. However, with the upgrade on Cardano\u2019s network, investors may see a turn and expect more bullish movements in ADA’s price action.\u00a0<\/span><\/p>\n

The company behind the development of Cardano, Input Output Global (IOG), <\/span>posted <\/span><\/a>on Twitter on February 14 that the SECP upgrade went live on that day.\u00a0<\/span><\/p>\n

With bullish sentiment in the market and Bitcoin leading the way to new highs, can Cardano continue its uptrend and break new levels?\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode<\/a><\/div>\n

Where Does Cardano Go From Here?<\/h2>\n

The SECP upgrade provided the blockchain with new “cryptographic primitives” to enable secure cross-chain decentralized applications (DApp) development on Cardano. This upgrade can lead to a spike in interest from investors in ADA due to its sustainability and scalability, similar to Ethereum\u2019s.<\/span><\/p>\n

The Cardano network upgrade also comes with an improvement to its smart contracts platform that will enhance DApps on the Cardano blockchain. Output Input Global stated that the upgrade would allow developers to easily create cross-chain DApss that are secure, reliable, and cost-effective.\u00a0<\/span><\/p>\n

This upgrade may improve Cardano\u2019s native token ADA price performance. As seen after the upgrade’s deployment, ADA experienced intense buying pressure, which allow the token to outperform Bitcoin (BTC) and Ethereum (ETH).\u00a0<\/span><\/p>\n

Can ADA’s Price Action Hold Up Over Time?<\/h3>\n

According to Santiment <\/span>data<\/span><\/a>, the amount of ongoing whale transactions on ADA has seen a massive spike since the beginning of February. There is an average of nearly 1,700 transactions per day, valued at $100,000, a giant uptick from the 300 transactions per day that the token was experiencing through January.\u00a0<\/span><\/p>\n

Another good sign for Cardano, whales and sharks are buying more of the token. Since the debacle of crypto exchange FTX on November 9th, whale and shark addresses holding $10,000 to $10 million ADA accumulated $659 million ADA tokens, which equates to $235 million, according to data compiled by Santiment.<\/span><\/p>\n

\"Cardano
Cardano continues its uptrend on the 4-hour chart. Source: ADAUSDT TradingView.<\/a><\/figcaption><\/figure>\n

ADA is trading at $0.409, with a gain of 5.1% in the last 24 hours. In the previous seven days, ADA has gained 3.7% in anticipation of the Valentine upgrade.\u00a0<\/span><\/p>\n

Related Reading: Why Ethereum Price Could Reach $1,800 Before The Rally Burns Out<\/a><\/div>\n

ADA has overcome the resistance wall at the $0.40 level after the uptick in buying pressure and is targeting the next obstacle at $0.52. If ADA continues its pattern, its price can climb to $0.60.\u00a0<\/span><\/p>\n

After the price of ADA dropped by -82% in 2022, much of the excitement for the token faded, but with a 45% gain registered in 2023, and the recent upgrade by Cardano developers on its network, the enthusiasm for the token seems to be coming back to life, aiming for new annual highs.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The recent Cardano (ADA) upgrade to increase cross-chain interoperability has propelled the price of ADA above $0.420, breaking the range formed after January 8, 2023. ADA’s price action has been slow-paced, full of sideways movement. However, with the upgrade on Cardano\u2019s network, investors may see a turn and expect more bullish movements in ADA’s price action.\u00a0 The company behind the development of Cardano, Input Output Global (IOG), posted on Twitter on February 14 that the SECP upgrade went live on that day.\u00a0 With bullish sentiment in the market and Bitcoin leading the way to new highs, can Cardano continue its uptrend and break new levels?\u00a0 Related Reading: Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode Where Does Cardano Go From Here? The SECP upgrade provided the blockchain with new “cryptographic primitives” to enable secure cross-chain decentralized applications (DApp) development on Cardano. This upgrade can lead to a spike in interest from investors in ADA due to its sustainability and scalability, similar to Ethereum\u2019s. The Cardano network upgrade also comes with an improvement to its smart contracts platform that will enhance DApps on the Cardano blockchain. Output Input Global stated that the upgrade would allow developers to easily create cross-chain DApss that are secure, reliable, and cost-effective.\u00a0 This upgrade may improve Cardano\u2019s native token ADA price performance. As seen after the upgrade’s deployment, ADA experienced intense buying pressure, which allow the token to outperform Bitcoin (BTC) and Ethereum (ETH).\u00a0 Can ADA’s Price Action Hold Up Over Time? According to Santiment data, the amount of ongoing whale transactions on ADA has seen a massive spike since the beginning of February. There is an average of nearly 1,700 transactions per day, valued at $100,000, a giant uptick from the 300 transactions per day that the token was experiencing through January.\u00a0 Another good sign for Cardano, whales and sharks are buying more of the token. Since the debacle of crypto exchange FTX on November 9th, whale and shark addresses holding $10,000 to $10 million ADA accumulated $659 million ADA tokens, which equates to $235 million, according to data compiled by Santiment. ADA is trading at $0.409, with a gain of 5.1% in the last 24 hours. In the previous seven days, ADA has gained 3.7% in anticipation of the Valentine upgrade.\u00a0 Related Reading: Why Ethereum Price Could Reach $1,800 Before The Rally Burns Out ADA has overcome the resistance wall at the $0.40 level after the uptick in buying pressure and is targeting the next obstacle at $0.52. If ADA continues its pattern, its price can climb to $0.60.\u00a0 After the price of ADA dropped by -82% in 2022, much of the excitement for the token faded, but with a 45% gain registered in 2023, and the recent upgrade by Cardano developers on its network, the enthusiasm for the token seems to be coming back to life, aiming for new annual highs.<\/p>\n","protected":false},"author":589,"featured_media":519929,"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":[12333,12332,15138,6664,1558],"class_list":["post-519927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-cardano","tag-cardano-ada-price","tag-crypto","tag-cryptocurrency"],"acf":[],"yoast_head":"\nNew Upgrade Pushes Cardano Over $0.4, What's Next?<\/title>\n<meta name=\"description\" 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/ktsl888.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"New Upgrade Pushes Cardano Over $0.4, What’s Next?","url":"http:\/\/ktsl888.com\/news\/cardano\/new-upgrade-pushes-cardano-over-0-4-whats-next\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/cardano\/new-upgrade-pushes-cardano-over-0-4-whats-next\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/michael-fortsch-6CiqXsgGaM-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/michael-fortsch-6CiqXsgGaM-unsplash.jpg?fit=2400%2C1600"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","cardano","cardano (ada) price","crypto","cryptocurrency"],"dateCreated":"2023-02-16T20:00:33Z","datePublished":"2023-02-16T20:00:33Z","dateModified":"2023-02-16T20:00:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"New Upgrade Pushes Cardano Over $0.4, What’s Next?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano\\\/new-upgrade-pushes-cardano-over-0-4-whats-next\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano\\\/new-upgrade-pushes-cardano-over-0-4-whats-next\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/michael-fortsch-6CiqXsgGaM-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/michael-fortsch-6CiqXsgGaM-unsplash.jpg?fit=2400%2C1600\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"cardano\",\"cardano (ada) price\",\"crypto\",\"cryptocurrency\"],\"dateCreated\":\"2023-02-16T20:00:33Z\",\"datePublished\":\"2023-02-16T20:00:33Z\",\"dateModified\":\"2023-02-16T20:00:33Z\"}<\/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\/2023\/02\/michael-fortsch-6CiqXsgGaM-unsplash.jpg?fit=2400%2C1600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/519927"}],"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\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=519927"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/519927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/519929"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=519927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=519927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=519927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}