Cardano News: ADA Price Prediction

Cardano has been making headlines a lot lately due to various achievements and also all kinds of bold plans.

Regarding the price of the digital asset, the Cardano community is expecting to see the price of the coin surging soon.

This week, Cardano’s ADA fell below the $0.10 level.

There have been all kinds of optimistic predictions about the digital asset these days, and the Cardano community cannot wait to see the various achievements that the coin is showing mirrored in the price od ADA.

At the moment of writing this article, ADA is trading in the red and the digital asset is priced at $0.094015.

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. So, the current upward correction was expected and will most likely continue as long as the 200 daily EMA holds.”

Check out their original article in order to see more of their predictions about the price of ADA.

Cardano community reveals an important announcement

The Cardano community revealed that US Congress writes to the IRS to explain why PoS block rewards should not be taxed as income.

The official notes that are addressed in the tweet begin with the following statement: “This week, we are taking a break from our usual Shelley blog series to explore some important news within the proof of stake (PoS) blockchain ecosystem, in which the Cardano Foundation has been directly involved. Our technical post-Shelley blog series will resume next Wednesday with a feature on managing digital identities with blockchain technology.”


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CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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