Cardano News: Scam Alert Is Released
Cardano has been keeping enthusiasts updated about all kinds of scams that are circulating online.
Now, the group posted another piece of vital information on their Twitter account.
SCAM ALERT! There is currently a link being distributed which is not from Cardano Foundation and is false: “cardano-event[.]info”
Neither Cardano Foundation nor IOHK are giving out free ada.
Please help us spread the news & help prevent fraud.
— Cardano Foundation (@CardanoStiftung) September 14, 2020
You may recall that at the beginning of this month, Cardano addressed scams once again.
Cardano has been addressing online scams
This is not the first time when Cardano talks about scams that are floating online.
The team behind the project made sure to highlight the dangers that are lurking and offers the community a few tips on how to remain safe.
Here’s the recent tweet that they dropped:
We still regularly receive reports and come across messages where people are being scammed for ada.
Please beware of fake Daedalus and Yoroi apps floating around!
Stay Safe! https://t.co/OqFhQKnVjD
— Cardano Community (@Cardano) August 26, 2020
In a post on the Cardano forum, the team addresses more issues on how to remain safe.
Cardano price predictions
Other than this, the other day we were revealing some new price predictions for the ADA coin.
At the moment of writing this article, ADA is trading in the red just like other important coins in the crypto market.
ADA is now priced at $0.095053 and the coin is down by more than 3% in the past 24 hours.
Smartereum notes that “Cardano ADA showed that the relative strength index was in the oversold level. The most crucial support after the $0.090 level is at $0.089.”
The same online publication noted that “This also happens to be near the 200 daily EMA. The MACD is also moving to the bullish region.”
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Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.