According to Chainanalysis, P2P platforms have a very large share in the gigantic growth of the crypto market in Africa. It is quite possible that a country on the continent will soon emulate El Salvador.
According to data from Chainalysis, the cryptocurrency market in Africa has grown significantly since last year. A report released on Tuesday found that its value rose more than 1,200 percent between July 2020 and June 2021. A high level of acceptance in Kenya, South Africa, Nigeria and Tanzania in particular contributes to this. Chainalysis added that the popularity of P2P platforms could have been one of the driving factors behind greater crypto adoption in the region. The background to this is that some countries have restricted or banned the sending of money to exchanges through local banks.
In many of these markets in Africa, people cannot send money from their bank accounts to a central exchange. You are therefore dependent on P2P. In addition, crypto products are becoming more user-friendly so that they can introduce more people to the crypto economy. They show them that crypto is faster, cheaper, and more convenient
, the report quotes Artur Schaback, COO and co-founder of the popular P2P exchange Paxful.
One of the main use cases of cryptocurrencies in Africa is wire transfers. In 2019, sub-Saharan Africa received an estimated remittance of at least $ 48 billion. Of these, around half went to Nigeria, according to a study by the Brookings Institute . Most of the money flows from Europe and North America to Africa, but there is also a large volume of remittances between African countries. Many African users also rely on cryptocurrency transactions for international trading. Schaback knows of several examples of African business owners using cryptocurrency to pay for goods to be imported and sold domestically.
Will El Salvador serve as a template for the African crypto market?
As is well known, one of the main arguments used by El Salvador’s President Bukele to make Bitcoin an official national currency is to save on transaction costs. Not only other countries in Central and South America are now watching with eagle eyes whether the project is crowned with success. In Africa, too, people are thinking about the advantages of blockchain technology and the progress of bitcoin adaptation. This is proven by a recent tweet from Zimbabwe’s finance minister.
Other projects in Africa include Nigeria. The country plans to test its central bank digital currency (CBDC) called eNaira starting October 1. South Africa is also participating in a joint initiative with Australia, Singapore and Malaysia to introduce a digital currency linked to the fiat currency. There is still no possible start date for testing the CBDC.
Drama at Solana: A bot army clogged the blockchain and led to the network failure. Solana stood still for several hours. However, the developers give the all-clear. The market update.
The bulls are back on the trigger on the crypto market. The total market capitalization increased 3.4 percent in comparison to the day and is thus again well above 2.2 trillion US dollars. With a price increase of 4.2 percent, the top performer medal among the ten largest cryptocurrencies goes to Binance Coin (BNB). Bitcoin (BTC) is behind with an increase of 3.2 percent. Ethereum (ETH) also stands out from the previous day’s level with an increase of 2.7 percent. Dogecoin (DOGE) is around 2 percent up, while XRP and Polkadot (DOT) are scratching one percent. However, the DOT weekly performance is impressive. In just seven days, Polkadot gained 32 percent.
Cardano (ADA), on the other hand, is running out of breath three days after the Alonzo fork. At the time of going to press, the ADA rate is one percent in the red. However, the loser of the day is Solana (SOL). The high-flyer of the last few weeks is stumbling a little with a two percent price drop. In view of the recent network quarrels, however, this is a bearable setback.
Bots paralyze Solana
The high-speed blockchain Solana suffered a network failure lasting several hours. It all started yesterday evening. The Solana status ticker first wrote on Twitter that there was “exhaustion of resources in the network”. What caused the failure was initially not entirely clear, that “validators are preparing for a possible restart”, but it did not bode well.
Gradually the puzzle came together. In another tweet, the team stated that the “Solana Mainnet Beta is seeing a sharp increase in the transaction load”. Around 400,000 transactions per second are said to have pounded into Solana at the top. That was too much even for the high-performance blockchain. The “transactions flooded the transaction processing queue” and “the network began to fork.”
This resulted in “excessive memory consumption, causing some nodes to go offline”. That sounded dramatic at first: “Engineers from the entire ecosystem tried to stabilize the network, but were unsuccessful”. The validators were then asked to update to the current Mainnet Beta version. It took a few hours for the validators to coordinate a restart of the network. After a 15-hour tremor, the developers were able to give the all-clear this morning:
The Solana Validator Community has successfully rebooted the Mainnet Beta after upgrading to 1.6.25. Dapps, Block Explorer and supporting systems will be restored in the next few hours, then full functionality should be restored.
New start attracts criticism
The Solana thriller was triggered by a bot flood. Yesterday, an Initial DEX Offering (IDO) for the Grape protocol was carried out via the Solana-based DeFi protocol Raydium, whereby, according to Anatoly Yakovenko, CEO of Solana Labs, “Raydium IDO bots try to pick up the tokens at startup”. Under the pressure of up to 400,000 transactions per second, the Solana network collapsed without further ado.
Whether successful or not: The rescue operation does not only meet with approval. In the Reddit forums , some Solana users vent their displeasure with the restart. “The fact that the Solana team can switch off its blockchain only proves that their network is centralized and more like an SQL server,” says one user. The incident should still cause some discussion in the Solana community.
Massive inflow of capital at Solana (SOL) - what experts says about the price prediction
Solana knows no stopping. Now the coin is also attracting professional investors. Can that go well?
Solana is the trader’s favorite. Investors are currently looking at the new shooting star in the altcoin sky on SOL, like no other coin. No wonder: Most recently, the proof-of-stake coin silenced all critics with its dream performance. SOL has brought a whopping 268 percent onto the streets within the last 30 days. In doing so, he beats the Altcoin competition by far. For comparison: The second best coin in the race for the, well, most valuable coin after Bitcoin, was Polkadot (DOT) in the same period – with “only” 63 percent growth. (Also Read: Bitcoin bulls are running again towards $ 50,000)
As has now become known, the rapid rise of the smart contract platform could well have been fueled by the institutional side. The crypto asset manager CoinShares writes:
Digital investment products saw total inflows totaling $ 57 million last week, making it their fourth week of inflows.
Of that $ 57 million poured into crypto-based digital asset investment products this week, such as the Grayscale Bitcoin Trust, $ 49.4 million went to Solana products. With 86 percent, SOL accounts for the lion’s share of institutional interest. It seems that a considerable part of the capital comes from direct competitors. Because while Solana attracts investors, the same ethers turn their backs. Ethereum loses around 6.3 million US dollars in capital, as CoinShares writes. Bitcoin saw only shallow inflows of $ 200,000.
CoinShares Digital Asset Fund Flows. Source: CoinShares.
Bitcoin and Ethereum remain relevant
If you zoom out a little further, you get a different picture. Bitcoin and Ethereum may be giving way to altcoins these days. For the year as a whole, however, they are still the absolute top dogs on the market. With 4.2 billion US dollars, BTC is the undisputed winner in terms of fund flows and even beats second-placed Ethereum (985 million US dollars) by far.
A certain herd mentality is not uncommon in crypto-land. There are always hype coins; Unfortunately, private investors come to the party too late and are annoyed about supposedly easy money that has been left by the wayside. Whether Solana can hold its own against Ethereum as a smart contract platform in the long term remains to be seen at this point. In any case, Solana has hardly been used as a DeFi platform so far; only around 6 percent of the DeFi volume is accounted for by the protocol .
The crypto sector occasionally drives colorful drives. All too often, however, ascents like Solana’s were snapshots.
SOL Price Prediction: An Expert Forecast While some of the experts, as well as crypto forecast platforms, analyze a conservative angle to predict, others make a forecast based on more realistic and optimistic trend, for instance:
It entirely depends on the currency’s movement and its fundamentals. The SOL price might trade around $65 by the end of 2021. Reddit Community SOL Price Forecast
Based on our SOL price prediction, a long-term increase is expected; the prognosis for 2026 is $574. With a 5-year investment, the revenue is expected to be around +1300%. Wallet Investor Solana Price Prediction
SOL has a promising future. It may get marginally impacted, but bulls will be back, and by the end of 2021, its price may skyrocket to $199. Sol Coin Price Forecast
As per the NEO predictions done by Long forecast, the price of the coin is expected to reach around $106 by the end of 2021. Long forecast for SOLANA Price Prediction
The NEO prediction conducted by GOV CAPITAL states that the coin would hover around $103 by the end of 2021. GOV Capital SOL Price Forecast
Solana entered the year 2021 with a trading price of $1.60. On a bullish note, the altcoin started to rise further. By the end of 2021, it might trade around $20 and anticipate to reach up to $120 in the future. Coinpedia SOLANA Price Prediction
SOL currency seems to be showing positive momentum. The bulls will push it up like the other crypto giants too. It may trade around $60, and by the end of 2026, it might cross $122. Digital Coin Price
Solana Price Forecast: 2021-2025
Today, the SOL price stands around $158 with a market cap of $47,080,895,381 and a current trading volume of $3,173,890,558. The price forecasts of various cryptocurrency experts do not deter Solana from outperforming the rivals by any means. The Solana community has set higher benchmarks for its prices, notwithstanding.
Solana shall surpass the expectations of all cryptocurrency investors who have found this platform extremely interactive and uncomplicated. According to the recent news updates, another important launch of SOL’s exchange is set to unveil soon in the market, which multitudes of exchanges would back with a proof of stake feature.
For many people, the awareness of data protection is becoming more and more important. That is why the protection of their own data is becoming more and more important for many. Apple is now feeling this too, as the company has to go to court over a class action lawsuit.
• Apple employees leak: Siri records some intimate moments • Class action lawsuit against Apple for invasion of privacy • Other companies offer similar voice assistants
Siri listens to sex and drug trafficking
As early as 2019, The Guardian reported that some Apple whistleblowers said they could sometimes hear customers through Siri during the most intimate moments. Small parts of the Siri recordings are saved for the quality control of Apple’s voice assistant. These then listen to Apple employees to carry out quality controls. Informants admitted to The Guardian that sometimes very intimate moments are eavesdropped: from couples having sex, to medical information when visiting a doctor, to information about illegal activities such as drug deals.
Apple’s statement to The Guardian read: “A small fraction of Siri requests are analyzed to improve Siri and dictation. User requests are not associated with the user’s Apple ID. Siri responses are analyzed in secure facilities, and all Auditors are required to adhere to Apple’s strict confidentiality requirements. ” However, one of the whistleblowers expressed concerns to The Guardian about the lack of information about the recordings, especially as intimate moments are sometimes recorded.
A class action lawsuit against Apple was recently upheld. The plaintiffs accuse the company of the fact that the privacy of users is violated by Siri recordings and the disclosure of these to third parties. The information from the recordings is said to have been used for advertising purposes. US District Judge Jeffrey White has now ruled, according to t3n, to allow the lawsuit, as he sees possible violations of the law of unauthorized wiretapping and some California data protection laws.
What about other voice assistants?
But not only Apple offers voice assistants. Providers such as Google and Amazon also use similar applications. According to t3n, there could possibly be further class actions against providers of voice assistants in the future. However, it is not yet clear whether this will be the case.
Bitcoin (BTC) can digest the previous week’s sales well for the time being and is rising noticeably northwards again in the last hours of trading. Bitcoin dominance can also avert the formation of a new annual low for the time being.
The bulls were able to avert the price slump in Bitcoin for the time being. This Wednesday afternoon, the Bitcoin course is currently trying to recapture the EMA20 (red). If the bulls manage to sustainably overcome this sliding resistance and also break through the next relevant resistance at USD 48,222, the psychologically important mark of USD 50,000 will come into focus again. Many eyes are on September 24th. On this trading day, many bets on Bitcoin expire. The area around 50,000 USD plays an important role here, as this is where the largest number of open contracts can be found, according to the SKEW analysis platform.
Bullish scenario (Bitcoin price)
The Bitcoin bulls do not give up and can counter the sale for the time being. This development shows that the “diamond hands”, especially long-term investors, continue to believe in the price development of Bitcoin. If the buyer’s warehouse manages to stabilize the BTC rate above the EMA20 today, a preliminary decision will be made for the coming trading days in the USD 48,222 area. If this resistance level is regained, an increase to the zone between USD 50,325 and USD 51,307 can be expected in the coming days. However, it will take some effort to break the blue resistance area and march towards USD 53,005 again. With the supertrend and the upper Bollinger band, there are two stronger resistances. Only a dynamic breakout above this resistance opens up room to USD 54,077. This would result in space in the direction of USD 55,817 in perspective. This resistance has historically been very competitive between bulls and bears.
The all-time high in view
If the daily closing price of USD 55,817 is broken, the overarching target price of USD 57,998 comes into focus. Once again, increased profit-taking is to be expected. If this strong resist can also be overcome dynamically, a walk-through of up to USD 59,470 must be planned. If the rally continues to gain momentum in the coming months, USD 61,771 will be significant as the last resistance level before the all-time high. If this price mark is broken, the all-time high will be started. Once again, investors will want to reap profits.
If the USD 64,896 is overcome sustainably, there is initially space up to the 138 Fibonacci extension at USD 67,416. As a result, the bulls should stabilize the price above USD 60,000 so as not to let the rally nip in the bud again. If this project succeeds, Bitcoin should enter the zone between USD 69,660 and USD 70,856. From the current perspective, the maximum price target is still between USD 76,472 and USD 77,678. The fact that the RSI indicator is about to generate a new buy signal should also have a positive effect on the price trend.
Bearish scenario (Bitcoin price)
Once again, the bears failed to maintain the pressure to sell. The recapture of the EMA20 speaks for itself. If the bears fail to cap the BTC rate below USD 48,222, the USD 50,000 area is the last chance for a rate reversal. Only when Bitcoin slides back below USD 47,070 and subsequently also falls below the MA200 (green) at USD 46,040, the bears are likely to lick blood again. A daily closing price below US $ 46,040 increases the chance of a retest of the range between $ 44,878 and $ 44,147.
Here you can find the EMA50 (orange) and the top edge of the trend channel. If this area is permanently abandoned, the USD 42,923 comes back into focus. In addition to the previous week’s low, the lower Bollinger Band can also be found here. Again the cops will try to turn north here. The abandonment of this support makes a correction extension into the green support zone between USD 41,334 and USD 40,585 likely.
From here on it gets bearish
The EMA200 (blue) and highs from June of this year are currently also running here. If Bitcoin undercuts this strong support as well, the downward movement will expand to at least USD 39,240. A direct price decline to USD 38,537 would also be conceivable. Below these levels of support, the bears are back in control and will target the 23rd Fibonacci retracement at 37,321. The correction could even lead Bitcoin immediately to $ 36,643. If the weakness in the crypto market continues, a setback to USD 34,899 or even USD 33,355 is conceivable. The 61’s Fibonacci retracement runs here, which is a strong support.
If the bulls do not oppose this, Bitcoin could also want to reach USD 31,603 in the medium term. Surrendering this support will extend the corrective move towards the mid-term target area between $ 31,010 and $ 30,000. In the first attempt, the purple support area should represent the maximum price target on the bottom. Only when the low of June 22nd at USD 28,795 is broken sustainably, price targets at USD 26,399 or below should be planned in perspective.
Bitcoin dominance: ricochet off resistance zone
Bitcoin dominance on the basis of values of Cryptocap shown
After a relapse to key support at 40.03 percent last weekend, Bitcoin dominance can initially recover and rise back over 40.66 percent and 41.22 percentage points. This averted a slump below the annual low of May 18, 2021 for the time being. BTC dominance is currently trying to target the upper edge of the established downtrend channel. A preliminary decision is likely to be in the area of 42.27 percent. Three relevant resistances run here with the EMA20 (red), the upper edge of the trend channel and the horizontal resistance line.
BTC Dominance: Bullish Scenario
The dominance of the crypto reserve currency was able to avert a crash to new annual lows for the time being. Starting from 40.03 percent, the BTC dominance recovered by more than four percentage points in the last four trading days. This brings the multiple resist back into focus in the area of 42.27 percent. If the BTC dominance succeeds in closing the day’s closing price above 42.27 percent, a subsequent increase up to the area of 43.05 percent should be planned. It gets exciting at the lower edge of the red box at 43.60 percent. The EMA50 (orange) can currently also be found here.
If the BTC dominance can dynamically overcome this resistance level, the next price target will be activated at 44.54 percentage points. In the recent past, Bitcoin dominance has repeatedly bounced off towards the south. If there is a break above this resistance level, the upper edge of the red box comes into focus at 45.10 percent. Here the supertrend in the daily chart is 45.03 percent. The upper Bollinger Band also has a price-limiting effect here. If this price level can be overcome, resistance at 45.71 percent and 46.33 percent will come into focus as targets.
Only when the 46.33 percent on the day’s closing price is regained should a subsequent increase of up to 47.03 percent or even 47.59 percent be planned. A jump over 47.59 percent is not to be expected at the first attempt. If the BTC dominance can overcome this strong resist in the medium term, a march through to the orange resistance zone is likely. Then the 48.67 percent mark should be targeted in perspective. With the EMA200 (blue) and MA200 (green) there are two strong sliding resistances not far above it. The maximum increase target for the time being is the high from July 2021 at 49.26 percentage points. If there is a recovery above this resistance level in the coming months, the Bitcoin bulls will do everything possible to
BTC Dominance: Bearish Scenario
As long as the Bitcoin dominance cannot break out of the trend channel and bounce down in the area of 42.27 percent, there is still no all-clear in sight. For the time being, the downside risks continue to prevail. If the BTC dominance falls back below today’s low and thus gives up the mark of 41.22 percent again, a retest of the previous week’s low at 40.66 percent is initially likely. If this support level does not stop either, the area comes back into focus by 40 percent. A renewed start to the annual low of 39.66 percent should then be increasingly planned. The dominance of the key crypto currency must show its colors here if an expansion of the correction to the green support zone between 39.21 percent and 37.67 percent is to be averted. If it comes to 37,
Disclaimer: The price estimates presented on this page do not constitute buy or sell recommendations. They are only an assessment of the analyst.
Amazon is already one of the largest online mail order companies in the world. The US company is now competing with the large parcel shipping services by also making deliveries for external customers from now on.
• Amazon expands transport and logistics • Amazon now also ships for external customers • Only the state can set limits on expansion
Amazon is expanding its parcel service
As early as May it was reported that Amazon’s parcel service, Amazon Logistics , achieved good results in terms of quality, customer satisfaction and general impression. Not only is Amazon one of the world’s largest cargo airlines, the US company also competes with the major parcel shipping companies. It was only recently reported that the online retailer also wants to expand its network in Germany . Eight more logistics and distribution centers are to be built in this country by mid-2022, which will also create 3,000 new jobs.
Amazon is now consolidating its position as a competitor for large parcel shipping services such as UPS or FedEx , because the online retailer now also wants to send deliveries for external customers. For this, Amazon already offers various shipping services in different regions of the world. Including the “Logistik-as-a-Service” program from Great Britain, which is expected to be introduced in the USA in the near future, according to CNBC. It can also be lucrative for external sellers to use Amazon’s algorithm to determine LTL trucks (less-than-load trucks) where free spaces can be used and to use them at reduced rates. Amazon benefits from this, as in this way money can be earned with otherwise unused or wasted space.
Ecommerce consultant Chris McCabe worked at Amazon from 2006 to 2012, according to CNBC. Regarding Amazon’s expansion, he says: “They want to be a new kind of US postal service where everything goes everywhere, but also quickly.” The company started building its global transport network back in 2014. According to CNBC, Amazon now has over 400,000 drivers worldwide, 40,000 semi-trailers, 30,000 delivery vans and a fleet of more than 70 aircraft. Amazon has made around ten billion deliveries since it set up its own transport network. However, Dan Romanoff, who studies Amazon for Morningstar, assumes that Amazon does not want to become just any blanket carrier. Rather, the online retailer wants to choose exactly which routes to take, according to CNBC.
A never ending expansion?
Amazon has long been investing in expanding logistics and transport. But how long can this go on? If you ask former Amazon Air director and founder Scott Ruffin, the long-term answer is likely to be forever, Business Insider reports. The only limits that could be drawn by the government for Amazon, Ruffin said.
A few weeks ago, the first version of the open-source Bitcoin Core software was unveiled. And since then, all eyes have been on the next version. The second update of Bitcoin Core for 2021 (version 22.0) is now available. It was made public last Monday.
What is special about the new update?
Each new update brings its share of novelties and originalities. In the case of version 22.0, there is a hardening of remote procedure calls (RPC). RPDs are actually communication channels through which users can interact with the Bitcoin (BTC) network. In addition to strengthening RPCs, the new update brings improvements to the build system , tools, and files that make up the network. In addition, the graphical user interface (GUI) has received a makeover to become more original.
Concretely, among the notable changes that there is, we can cite the removal of the anonymous browser Tor v2 . For its users, this browser had become obsolete and its functionality was outdated. In addition, he was beginning to present problems relating to his level of security. This is one of the reasons why the new update is very popular. Indeed, it replaces Tor v2 by Tor 23.
Almost 8 months after the first version
According to the information that is officially available, Bitcoin Core 22.0 will not be functional on all media. For example, versions of MacOS prior to 10.14 will not be able to take advantage of it. On the other hand, all versions of MacOS released after 10.14 will be able to benefit from the many advantages of the new system . Apart from MacOS , Linux and Windows 7 users will be able to use it. (Also Read: Cardano Price Prediction, ADA Forecast: Nothing will stop Cardano’s uptrend)
Recall that the first update of Bitcoin Core was launched on January 14, 2021. The second version, meanwhile, became functional on September 13, more than 8 months after the first version. According to the team responsible for the project, a total of 128 people contributed . They participated in the development of the new version.
Free software available in open source and managed on the GitHub Bitcoin / Bitcoin repository , Bitcoin Core is a reference software implementation of the Bitcoin Protocol (BTC). After its first update was released to the public on January 14, the second update hit the ground running on September 13, 2021. It brings new fixes to the system to further optimize the services that benefit network users.
Managing partner of investment management firm Incrementum AG Ronald-Peter Stöferle speculated that Bitcoin could expect a significant rise in prices.
The senior official of the company also noticed that the cryptocurrency in question had not yet entered the growing phase. The rise in prices would, according to him, result from Bitcoin becoming a means of protection against inflation.
“I think in five or ten years Bitcoin will reach heights that we can’t even imagine today. Because for us, it represents a means of hedging against inflation against the backdrop of large-scale monetary experiments that persist. If you compare this market to that of real estate or bonds… I believe that it has a strong potential for catching up, ”he explains.
Ronald Peter Stoeferle is in both, and he’s been into #Bitcoin for years… IMHO, no, gold is not dead, just not compelling to me at this time as I sold the last of my position at 1900-ish.
Note that this year, Bitcoin was called into question as an anti-inflation asset, its price having drastically fallen by some 50% compared to the record of some 65 thousand dollars recorded last April.
At the same time, more and more Bitcoin enthusiasts are seeing the first cryptocurrency as an alternative to gold. Stöferle disagrees: for him, the two assets are not in competition at all.
Investors are placing their money much less often in gold than in Bitcoin today, according to Stöferle, even though the former is climbing to a new high of over $ 2,000.
Ronald-Peter admits, however, that Bitcoin has managed to gain media attention despite its recent appearance, while being a very controversial subject given the volatility of cryptocurrencies.
Laos follows El Salvador’s lead
Laos could be a new country to legalize Bitcoin (BTC) and other digital assets. His government has approved a pilot program for mining and trading cryptocurrencies.
Trading in digital assets is currently prohibited in Laos. However, the ban was lifted for experimental purposes for six companies selected to participate in the government’s pilot program on crypto-currency projects.
According to the announcement released by the country’s prime minister’s office, four construction companies, an IT company and the public bank JDB have been authorized to mine and trade cryptocurrency. All six companies are licensed to transact using Bitcoin and Litecoin.
According to RT.com , Laotian authorities have also asked regulators, including the central bank, to develop standards for the use of digital assets in the country. The country’s prime minister said he plans to hold a government meeting in the coming week to discuss the potential use of digital assets under the country’s jurisdiction.
It is remarkable that Laotian officials have already spoken negatively about cryptoassets. The central bank even issued a notice warning citizens not to use digital assets in any way, including Bitcoin, Ethereum, and Litecoin. The country’s central bank has announced that cryptocurrencies are not tied to the country’s real foreign exchange reserves and are unregulated, making transactions unstable and dangerous.
According to the aforementioned opinion, Laotian citizens are prohibited by law from buying or selling cryptocurrency, and those who fail to comply with these rules are urged to consider the risks associated with digital assets.
The cryptocurrency Cardano (ADA) achieves a strong performance thanks to its bulls. These have managed to take its price to an all-time high of $ 3.10. This increase is not based on chance. On the contrary, several elements already suggested the possibility of a rise in the growth of cryptocurrency. For example, there has been the increase in the number of smart contracts.
Cardano’s price must hold above $1.43 to remain bullish.
Cardano’s price action during the Monday session has been highly volatile. Several whipsaws have occurred, with one whipsaw occurring in conjunction with the Litecoin and Walmart fake news event. The Lagging Span (black line) on Cardano’s daily chart is the barometer to follow for identifying near-term price direction. As long as the Lagging Span has a daily close above the body of the candlesticks, then it is assumed that the trend remains bullish.
Cardano (ADA) keeps its consistency
Cardano (ADA) is one of the most trusted cryptocurrencies in the eyes of many investors. While between May and June the other cryptocurrencies recorded record declines, ADA, it remained in the uptrend . It has managed to maintain its upward trend, while following the dynamics of social platforms. On these platforms, many people, including celebrities, promoted it.
ADA supporters consider it to be one of the best substitutes for Ethereum (ETH). The fact that its prices held up between June and July helped stimulate demand for the digital asset. The bulls simply rode the trend in order to maintain the growth momentum previously set in motion.
1 st September ADA reached a daily high of $ 2.90. A few hours later, its price increased further. However, electronic money subsequently lost value. In fact, its price came back to $ 2.5. Nonetheless, for the past 24 hours, she has maintained a profit of $ 10, while her consecutive gains over the past 7 days have been in the 20% range.
The growth of the Cardano cryptocurrency (ADA) market is driving more and more investors who have decided to fully trust this digital asset. One investor wrote on Twitter : “ADA has hit the $ 3 mark ! Market capitalization is approaching $ 100 billion. Smart contracts are on the right track, currently in the final phase of the Cardano test network. Congratulations to all investors, enjoy the trip. ”
Satisfied with the growth of ADA cryptocurrency, investors are multiplying actions on Twitter in support of electronic currency. Several elements lead experts to believe that crypto can gain more value. They are optimistic primarily because of the strong demand for the asset . Added to this is the fact that there is an integration of smart contracts into the blockchain.
” There it’s done. As of around 20:20 UTC today, the Cardano Testnet officially supports Plutus smart contracts. The latest tests and integrations are coming. SPOs will now upgrade their main network nodes. Then next step… upgrading the main network. Still on track for September 12th. Forward! “, We read on the official page of Cardano (ADA) on Twitter .
Here are many crypto experts who opine the Cardano (ADA) price forecast as very optimistic, having immense potential, and encourage investors giving glowing recommendations as below for this digital asset:-
Since its market launch in September 2017, Cardano has provided a return on investment of almost 1500%. Cardano price prediction suggests that the Cardano price is up for a long-term 75.740523% in the ADA price value with a 5-year investment. This means that in the year 2025, the Cardano price is forecasted to stand at $3. CoinSwitch
According to a Reddit community’s Cardano price forecast, the coin may gain its glory by almost double the current price, stooping to as high as $2 by the second quarter of 2021. However, this gain shall be short-term. Reddit Community
As per the ADA price prediction done by Wallet Investor, a long-term increase is expected; the minimum price prognosis for 2025 is $4.6. With a 5-year investment, the revenue is expected to be around +291.85%. Wallet Investor
According to the ADA coin price prediction done by Trading Beasts, the Cardano (ADA) price is going to increase over the next few years. By the end of 2024, the average Cardano price is expected to be $2.18. Trading Beasts
According to InvestingCube, the cryptocurrency price could be gearing towards its next big breakout. The key support and resistance levels to watch will be $1.002 and $1.68. InvestingCube
According to the ADA coin price prediction done by Long forecast, it is stated by the end of 2025, the maximum price of Cardano will be $1.41, while the minimum price will be around $1.14. The average for the month $1.25. Long forecast
As per the ADA price prediction done by Digital Coin Price, the price of Cardano is expected to rise all the way upto $3.97. Digital Coin Price
According to the Cardano forecast conducted by GOV Capital, the coin would reach a maximum price of $3.89 by the end of 2025. GOV Capital
Inevitably, all the news announced on the blockchain sparks a flood of debates, discussions, questions and controversies. After the London hard fork of the Ethereum (ETH) blockchain , it is the turn of the Alonzo de Cardano (ADA) hard fork to trigger strong fears among cryptocurrency users on the grounds that it would offer a low level of security.
The smart contract problem
What is the main difference between Cardano’s EUTXO protocol model (ADA) and the one used by Ethereum (ETH)? The first offers a more optimal level of security than the second. In addition, it allows a certain “anticipation of costs”. However, despite its advantages, Phase Purple testnet of Cardano was the subject of criticism in the community.
Indeed, users testing Minswap , Cardano’s first DEX , received the following message: “UTxOs are being used on this block”. This message indicates that Cardano (ADA) can no longer process more transactions during a block, which is contrary to the original objectives of the project. (Aso Read: Bitcoin (BTC) Price Forecast: Week ends in the red)
Matching “ issues ” mean that different agents cannot interact with a smart contract at the same time. As a result, discussions are intensifying about whether or not Cardano (ADA) is reliable to meet industry requirements.
Blockchain smart contract issues have been ruthlessly dealt with by Crypto Twitter . Anthony Sassano, founder of The Daily Gwei , noted that “the first DApp on Cardano cannot even do concurrent transaction processing,” which reduces its ability to run a DEX on the network. For its part, DailyCoin notes that “the competition inherent in the eUTXO model” will make the development of smart contracts more difficult on this network than on others.
In a post on Twitter , Minswap , the Cardano DEX on which users encountered the EUTXO issue, announced that his team had to “shut down the testnet temporarily”. Then, in a post-mortem report, the team claimed to be aware of the challenges that the new protocol must overcome to meet developer demands. (Read More: Cardano Price Prediction, ADA Forecast: Nothing will stop Cardano’s uptrend)
However, according to Minswap , the problem encountered is not with a “fundamental flaw” but rather with a “challenge” of design architecture. As a result, it will not launch the DEX on the testnet . Rather, it will implement a new solution based on the feedback received.
In an article published on CyptoBriefing , the author explained that DEX developers can reduce competition risk if they develop DApps that accept aggregation state segmentations. In other words, one would have to create several pools that could ultimately reduce the risks of “Cardano smart contract hacking”. Indeed, the flaw noticed in the system could serve as a trail for hackers.
The hard fork Alonzo of Cardano (ADA) may be different from the hard fork of Ethereum (ETH), but the fact remains that, too, at the heart of much debate because of the problems noticed in its deployment. Many fear that this hard fork will divert the blockchain from its original objectives and lead to a profound change in how it works.
