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MarketWatch 26 September, 2021 - 11:03pm 9 views

Here’s What Happened at the Cardano Summit 2021 By DailyCoin

Investing.com 27 September, 2021 - 05:42am

The Alonzo upgrade served to bring Cardano’s network functionalities closer to the industry standard by enabling smart contract deployment. In addition, during the summit, Cardano announced two key partnerships to kickstart the development of new smart contract integrated features.

Chainlink was one of the key partnerships announced for the Cardano ecosystem. The Oracle (NYSE:ORCL) network will help feed quality data and help developers build accurate and feasible DeFi smart contracts. Input-Output (IOHK) noted that market price feeds will be the first ones to be accessible to developers. Moreover, developers will then have access to:

"Sports data for prediction markets, weather data for parametric insurance products, and verifiable randomness for gaming and digital collectibles such as non-fungible tokens (NFTs)." As mentioned in a previous article about the event, COTI, which Cardano has backed up, will issue its first native stablecoin, Djed. Thus, DeFi can be a frictionless operation for users and individuals as it will mimic existing protocols on other chains.

Furthermore, EMURGO, the global blockchain solution provider, will allocate $100 million in the Cardano ecosystem to hasten DeFi and NFT education in the space. DeFi and DEXs are already being developed and perfected on Cardano as new development and updates are rolled out on the ecosystem.

Cardano illustrated the versatility of its network by expanding its network usability across a multitude of industries. In addition, the ecosystem announced Dish Network (NASDAQ:DISH) would integrate with the blockchain. Specifically, Cardano will create a system for digital identities for Dish consumers.

Additionally, Cardano expanded into the world of esports. They partnered with Rival, an esports platform, to help develop an agnostic NFT marketplace that will expand in an ever growing market, where businesses or users can create, redeem, or transact digital goods in the form of NFTs.

What’s more, the Cardano summit was also held in a virtual world, which gives a small precedent for where Cardano wants to focus its resources. Cardano also announced their emergence into the world of AI through Grace, a robot designed for the healthcare industry.

As a final remark, Cardano introduced the UTOX Alliance to help expand and grow collaborations between developers within Cardano’s UTOX ecosystem. Thus, Cardano seeks to advance the network’s possibilities by relying on the collaborative nature of developers as well as researchers.

The summit gathered every moving piece from the Cardano ecosystem, started with a keynote from Charles Hoskinson, and showcased the network’s current capabilities while forecasting a new development trajectory as smart contracts have become native to Cardano.

The Hydra Layer 2 scaling solution is the next step forward for Cardano; however, the network needs to showcase its smart contract work before beginning new use cases in the ecosystem.

The summit served to showcase the new Cardano smart contract capabilities. The new partnerships aim to reinforce Cardano’s place as the third cryptocurrency by market capitalization. However, it is worth considering that Cardano’s lengthy development process might also be reflected during the implementation process.

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Crypto Analyst Says Cardano ($ADA) Price Is Going ‘All the Way Up to $10’

CryptoGlobe 27 September, 2021 - 05:23am

On Saturday (September 25) — the first day of the two-day Cardano Summit 2021 event — when $ADA was trading in the range $2.2500 to $2.4578, he said that he believed that $ADA had bottomed at $1.90 and was now headed toward $10.

In response to a commenter who suggested that a $10 price prediction for $ADA was overly optimistic, Crypto Capo said that even at $10, Cardano’s market cap would be smaller than that of Ethereum.

Still lower than the current $ETH market cap

Back on June 13, Crypto Capo said that he expected Bitcoin, Ethereum, and Cardano to go over $100K, $10K, and $10 respectively by the end of 2021.

$BTC > $100k, $ETH > $10k and $ADA > $10 are still very likely this year.

According to data by TradingView, on crypto exchange Kraken, currently (as of 10:15 UTC on September 27), $ADA is trading around $2.2310, down 0.26% in the past 24-hour period.

Top Crypto Strategist Predicts Massive Run-Up for Cardano, Says It's ‘Impossible’ Not To Be Bullish on Altcoins - The Daily Hodl

CryptoPotato 27 September, 2021 - 02:04am

A top crypto analyst and trader is predicting a massive Cardano (ADA) surge as he sees the altcoin market flashing signs of strength.

The trader known in the industry as Capo tells his 167,100 followers that he believes Cardano has already bottomed out and is ready to ignite a new uptrend.

Capo references a tweet that he posted in August where he accurately predicted that Cardano would drop all to way down to $1.90 before resuming its bull cycle.

The crypto trader is using the Elliott Wave theory, a technical analysis approach that forecasts future price action by following crowd psychology that tends to show up in waves. According to Capo’s chart, Cardano’s plunge to $1.90 marks the end of ADA’s corrective phase and the start of a new wave up.

Capo is also bullish on altcoins at large as he believes the entire crypto market will rally in the coming months.

To support his view on altcoins, Capo is looking at the OTHERS chart, which shows the total market capitalization of the top 125 cryptocurrencies excluding Bitcoin and other major digital assets. According to Capo, the OTHERS chart looks bullish after successfully retesting the area around $235 billion as support.

As for Bitcoin, Capo believes the king crypto has bottomed out after looking at the order books, which he says is stacked with bids from buyers.

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Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

COPYRIGHT © 2017-2021 THE DAILY HODL

Top Crypto Strategist Predicts Massive Run-Up for Cardano, Says It's ‘Impossible’ Not To Be Bullish on Altcoins - The Daily Hodl

The Daily Hodl 27 September, 2021 - 02:04am

A top crypto analyst and trader is predicting a massive Cardano (ADA) surge as he sees the altcoin market flashing signs of strength.

The trader known in the industry as Capo tells his 167,100 followers that he believes Cardano has already bottomed out and is ready to ignite a new uptrend.

Capo references a tweet that he posted in August where he accurately predicted that Cardano would drop all to way down to $1.90 before resuming its bull cycle.

The crypto trader is using the Elliott Wave theory, a technical analysis approach that forecasts future price action by following crowd psychology that tends to show up in waves. According to Capo’s chart, Cardano’s plunge to $1.90 marks the end of ADA’s corrective phase and the start of a new wave up.

Capo is also bullish on altcoins at large as he believes the entire crypto market will rally in the coming months.

To support his view on altcoins, Capo is looking at the OTHERS chart, which shows the total market capitalization of the top 125 cryptocurrencies excluding Bitcoin and other major digital assets. According to Capo, the OTHERS chart looks bullish after successfully retesting the area around $235 billion as support.

As for Bitcoin, Capo believes the king crypto has bottomed out after looking at the order books, which he says is stacked with bids from buyers.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

COPYRIGHT © 2017-2021 THE DAILY HODL

Cardano partners with Chainlink to drive smart contract development for DeFi applications

FXStreet 26 September, 2021 - 11:04pm

Cardano recently announced a strategic partnership with decentralized blockchain oracle network Chainlink. The third-generation blockchain is preparing to build smart contracts for decentralized finance (DeFi) applications.

During the Cardano Summit 2021, Input Output Hong Kong (IOHK), the development company behind Cardano, has revealed that the blockchain would be partnering with Chainlink to integrate its oracles to support developers.

The Ethereum killer has recently become compatible with smart contracts for the first time following the Alonzo hard fork, which took place on September 12. 

The integration of Chainlink oracles on the Cardano blockchain would allow developers to supply institutional-grade data into their smart contracts. The oracles would support market price feeds and eventually support other Chainlink decentralized services as well.

Cardano also announced that it has entered into a deal with Dish Network to provide digital identity services to the customers of the TV and wireless service provider. Speaking at the summit, IOHK founder Charles Hoskinson stated that the partnership would boost the adoption of Cardano while benefitting Dish’s users.

Cardano price has printed a falling wedge pattern on the 12-hour chart, suggesting that ADA still has room to fall before reaching the bullish target of the technical pattern.

The Ethereum killer has fallen nearly 30% from its all-time high as ADA continues to consolidate. Cardano price may drop further to test the reliability of the governing chart pattern before the 35% bounce given by the falling wedge pattern could be on the radar.

The first line of defense for ADA is at the 23.6% Fibonacci retracement level at $2.19. Should Cardano price lose this level of support, the token may drop to the lower boundary of the chart pattern at $1.87, near the 200 twelve-hour Simple Moving Average (SMA).

Should ADA bulls take charge, Cardano would see its first hurdle at 38.2% Fibonacci retracement level at $2.36. Additional obstacles may emerge at the 100 twelve-hour SMA at $2.41, where the resistance line given by the Momentum Reversal Indicator (MRI) and topside trend line of the falling wedge coincide.

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Daily trade volume on Avalanche's top decentralized exchange, Trader Joe, is over two times that of competitors. Avalanche's multi-million dollar funding initiatives for attracting decentralized applications has triggered a spike in the token's on-chain activity. Gas consumption by layer-2 protocols is driving Ethereum transaction fees higher.

The Shiba-Inu-themed cryptocurrency’s utility is rising with news of AMC’s adoption of DOGE as a payment method. Traders are now anticipating a reduction in transaction fees and a recovery in DOGE. 

Bitcoin price continues to record lower highs as a consolidation pattern has emerged. BTC has recovered nearly 9% since the September 24 low, which saw the leading cryptocurrency plunge 10% following China’s reiteration of a harsh crackdown on cryptocurrencies. 

Cardano recently announced a strategic partnership with decentralized blockchain oracle network Chainlink. The third-generation blockchain is preparing to build smart contracts for decentralized finance (DeFi) applications.

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

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Cardano 2021 Summit Set to Wow Crypto Fans - BeInCrypto

BeInCrypto 26 September, 2021 - 04:45am

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Input Output Global has announced the dates for the 2021 Cardano Summit

The event will be a combination of live and virtual events

Some major partnerships will be announced at the summit

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In what is being dubbed “The Biggest Blockchain Event Ever”, the Cardano Summit 2021 is set to wow crypto fans with a combination of virtual and real-world interaction, limited edition NFTs, and new partnerships. The Summit will take place on Sept 25-26, 2021, and will involve real-world meetups in six locations globally, namely London, Miami, Berlin, Cape Town, Wyoming, and New York.

Delegates attending virtually will be able to use the latest technology which incorporates social, video, and interactive features. Avatars will allow virtual participants to interact with one another. Events at the summit will be split into the worlds they fall in, either Cardano World, Utility, Impact, Governance, Adoption, Catalyst, and Community. The founder of Cardano, Charles Hoskinson will provide the live opening keynote,

Experts, innovators, and special guests are set to participate, including Misan Harriman, chair of the Southbank Centre, to discuss the future of digital art and NFTs, and Dovydas Petkevicius from ADAX to elaborate on the importance of successful partnerships between the projects. Further panels will discuss sustainability, regulation, blockchain adoption, and how to give access to important financial and social services to 1.7 billion adults who don’t have those services.

The virtual and live event mix will look back at Cardano’s achievements and will discuss updates implemented during the Alonzo hard fork. The Alonzo hard fork introduced smart contracts for the first time to the Cardano blockchain, which means that new blockchain features, including NFTs, DeFi, crowdfunding have the potential to be hosted on the blockchain in an energy and cost-effective way. Hydra’s Layer 2 blockchain scaling solution is expected to be announced, which will enable developers to build and deploy their decentralized apps (dApps).

A “dApp store” is also anticipated, where dApps will be audited for integrity to alleviate fears surrounding unscrupulous parties, who may use the dApp facility for malicious purposes. The Hydra solution is still a proof-of-concept that is meant to be tested with a limited user base.

There will also be announcements regarding the decentralized protocols MinSwap and SundaeSwap. Cardano’s largest partnership so far has been to create digital IDs for students in Ethiopia, enabling them to have qualifications that are blockchain-verified, that could help them study abroad or increase their employment prospects.

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Cardano 2021 Summit Set to Wow Crypto Fans - BeInCrypto

Invezz 26 September, 2021 - 04:45am

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Lost or forgotten your password? Please enter your email ddress. You will receive mail with link to set new password.

Input Output Global has announced the dates for the 2021 Cardano Summit

The event will be a combination of live and virtual events

Some major partnerships will be announced at the summit

BIT Launchpad: Up To 3,500 FREE BIT. Don’t Miss The Beat. Join Now!

In what is being dubbed “The Biggest Blockchain Event Ever”, the Cardano Summit 2021 is set to wow crypto fans with a combination of virtual and real-world interaction, limited edition NFTs, and new partnerships. The Summit will take place on Sept 25-26, 2021, and will involve real-world meetups in six locations globally, namely London, Miami, Berlin, Cape Town, Wyoming, and New York.

Delegates attending virtually will be able to use the latest technology which incorporates social, video, and interactive features. Avatars will allow virtual participants to interact with one another. Events at the summit will be split into the worlds they fall in, either Cardano World, Utility, Impact, Governance, Adoption, Catalyst, and Community. The founder of Cardano, Charles Hoskinson will provide the live opening keynote,

Experts, innovators, and special guests are set to participate, including Misan Harriman, chair of the Southbank Centre, to discuss the future of digital art and NFTs, and Dovydas Petkevicius from ADAX to elaborate on the importance of successful partnerships between the projects. Further panels will discuss sustainability, regulation, blockchain adoption, and how to give access to important financial and social services to 1.7 billion adults who don’t have those services.

The virtual and live event mix will look back at Cardano’s achievements and will discuss updates implemented during the Alonzo hard fork. The Alonzo hard fork introduced smart contracts for the first time to the Cardano blockchain, which means that new blockchain features, including NFTs, DeFi, crowdfunding have the potential to be hosted on the blockchain in an energy and cost-effective way. Hydra’s Layer 2 blockchain scaling solution is expected to be announced, which will enable developers to build and deploy their decentralized apps (dApps).

A “dApp store” is also anticipated, where dApps will be audited for integrity to alleviate fears surrounding unscrupulous parties, who may use the dApp facility for malicious purposes. The Hydra solution is still a proof-of-concept that is meant to be tested with a limited user base.

There will also be announcements regarding the decentralized protocols MinSwap and SundaeSwap. Cardano’s largest partnership so far has been to create digital IDs for students in Ethiopia, enabling them to have qualifications that are blockchain-verified, that could help them study abroad or increase their employment prospects.

Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!

Stay tuned with daily newsletters that make reading the news simple and enjoyable

Market signals, studies and analysis! Join our Telegram Today!

Bit2Me ICO JUST STARTED! Buy B2M token now.

BIT Launchpad: Up To 3,500 FREE BIT. Don't Miss The Beat.

Cardano Scores Partnership with Fortune 250 Company

U.Today 26 September, 2021 - 04:44am

American telecoms company Dish Network has closed a deal with Cardano developer Input Output in order to build blockchain services.

On average, when compared to where the industry’s at, I think, ultimately, that collaboration is going to be both innovative and also safe and suitable for the customers and regulators in his industry.       

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

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