Cardano is one of the most well-known blockchains to have successfully implemented a proof-of-stake consensus mechanism, which is less energy-intensive than Bitcoin’s proof-of-work method.
Cardano is a decentralized platform that will enable for secure and scalable complicated programmable value transactions. It’s one of the first blockchains developed with Haskell, a very secure programming language. Cardano is working on a smart contract platform that aims to provide more advanced functionality than any other protocol. It is the first blockchain platform to emerge from a scientific ideology and a research-driven methodology. A broad global collective of skilled engineers and researchers make up the development team. Let us review the ADA price
ADA Price Prediction
Bullish Scenario: ADA is trading above the $1.05 support level. If the current support level is held in the coming days and the $1.16 resistance level is broken, we could see a move towards $1.42, $1.58 and above.
Bearish Scenario: Since a few weeks, ADA has been in a uptrend channel on a lower time like 4hour,(4H),daily,etc but we can’t ignore the bearish completely and so failure to hold the support at $0.92 could lead to a drop to $0.66 and lower.
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