Cardano

Satoshi

2024

Coin

<p><strong>Cardano founder Charles Hoskinson has created some excitement with his latest tweet in what’s actually a boring market right now.</strong></p>
<p>Hoskinson suggested that “amazing tech” is coming soon for the Cardano ecosystem. Hoskinson’s statement, “Cardano is waking up,” came in response to a tweet by Pi Lanningham, CTO of Sundae Labs, who shared processing capabilities of Sundae v3.</p>
<p>Sundae v3 has demonstrated impressive performance metrics in the past 24 hours. The platform processed approximately 9,264 orders, showcasing its robust capacity to handle a high volume of transactions.</p>
<p>The efficiency of the system is particularly noteworthy, with 10% of orders being placed and executed within the same block, highlighting the platform’s ability to provide near-instantaneous trades for a big portion of its users.</p>
<p>The speed of order execution on Sundae v3 further underscores its effectiveness. Half of all orders were completed in less than 30 seconds, while 70% were executed in under a minute. This rapid processing extends to the vast majority of trades, with 90% of orders being fulfilled in less than 221 seconds.</p>
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   <p lang="en" dir="ltr">And remember that so much amazing tech is coming over the next few years. Cardano is waking up <a href="https://t.co/pdXvZ8RCUN" target="_blank" rel="noopener noreferrer nofollow">https://t.co/pdXvZ8RCUN</a></p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1804907744392069373?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 23, 2024</a>
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<p>This announcement has led to increased speculation about Cardano’s future and its potential impact on <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener noreferrer nofollow">the ADA price.</a></p>
<h2 class="wp-block-heading" id="technical-analysis-points-to-potential-bullish-momentum-for-ada">Technical Analysis Points to Potential Bullish Momentum for ADA</h2>
<p>Several crypto analysts have weighed in on ADA’s current market position:</p>
<p>Analyst Ssebi <a href="https://x.com/Av_Sebastian/status/1804769419719049444" target="_blank" rel="noopener noreferrer nofollow">suggests </a>that ADA needs to reestablish itself above a key moving average on the ADA/BTC chart to start decoupling from Bitcoin’s price action. Ssebi notes the presence of a double bottom formation and a bullish divergence, indicating potential bullish momentum.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ADA</a> needs too reestablish itself above this moving average on the ADA/BTC chart in order to start decoupling from Bitcoin.<br>We have a double bottom formation and a bullish divergence.<br>Could be bullish. <a href="https://t.co/SvSW7eduhq" target="_blank" rel="noopener noreferrer nofollow">https://t.co/SvSW7eduhq</a> <a href="https://t.co/Wl7LjwZOnQ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Wl7LjwZOnQ</a></p>— Sssebi <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f981.png" alt="🦁" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Av_Sebastian) <a href="https://twitter.com/Av_Sebastian/status/1804769419719049444?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 23, 2024</a>
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<p>Crypto Tony <a href="https://x.com/CryptoTony__/status/1804876059453661437" target="_blank" rel="noopener noreferrer nofollow">identifies</a> $0.40 as a crucial level for ADA. The analyst advises that reclaiming this level could provide a safe entry point for traders. However, Tony warns that staying below this threshold could lead to further downside.</p>
<p>Cardano DApp Analyst draws attention to a compelling comparison between ADA’s current price action and its movements four years ago. The analyst <a href="https://x.com/TheDAppAnalyst/status/1804559974305329251" target="_blank" rel="noopener noreferrer nofollow">highlights </a>a breakout and retest on ADA’s base, with a support area where the price previously bounced. This observation leads the analyst to believe that Cardano could be one of the top-performing altcoins in the current market cycle.</p>
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<p>Charles Hoskinson’s hint at upcoming technological advancements for Cardano could have several implications for the project and ADA’s price:</p>
<ol>
 <li><strong>Increased Developer Interest</strong>: New technology could attract more developers to build on the Cardano platform.</li>
 <li><strong>Enhanced Network Capabilities</strong>: Improved tech could boost Cardano’s processing power, scalability, and overall performance.</li>
</ol>
<p>In comparison to the overall coins in the top 20, <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="ADA" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ADA</a> has been showing a muted performance. According to <a href="https://www.coingecko.com/en/coins/solana" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a> data, ADA is just up by 26.3% in the last year, in comparison to BNB, which is up by 130%, and Solana, which is up by 624%.</p>
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<p>The post <a href="https://captainaltcoin.com/cardano-founder-says-amazing-tech-is-coming-ada-price-prediction/" rel="noopener noreferrer nofollow">Cardano Founder Says ‘Amazing Tech’ is Coming – ADA Price Prediction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Cardano Founder Says ‘Amazing Tech’ is Coming – ADA Price Prediction

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