Cardano price action has been some of the most volatile and indecisive of all high market cap cryptocurrencies. As a result, Wednesday's sell-off terminated what looked like the beginning of a new bullish expansion phase. More Cardano news Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive
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In any case, the supply of the token remains seriously concentrated. Apart from the 50% held by Buterin, there are two other wallets that hold 10% of the supply collectively, presenting serious risks of massive price crashes, should they decide to sell their coins into the market.
Pi goes through regular “halving” to protect it from scarcity. The number of coins a miner gets for processing new transactions is reduced by half after reaching a milestone.
Ethereum price is following a bullish path above the USD 4,750 level. ETH could aim for an upside break above the USD 4,850 and USD 4,900 resistance levels. A clear break above the USD 4,900 level could lift the price towards the USD 5,000 level. The next major resistance is near the USD 5,200 level.
Shiba Inu’s price has retraced by nearly 50% from its all-time high of $0.000089 and currently trading under $0.000054. Even when the rest of the crypto market surged, $SHIB consolidated in the sub $0.00005 range. Market pundits believe the price would rebound in the coming weeks but might need a catalyst to bring back the bulls.
Cardano has a bright future ahead of it in 2021. With the ongoing developments happening within the Cardano ecosystem, as well as in the overall crypto market, we may see Cardano reach new heights.
Yet one crypto that has defied the downturn is top five performer Cardano, which trades under the ADA tag, that saw its price increase in the wake of Tesla’s u-turn in accepting Bitcoin.
"Tesla ... has de-risked the acquisition of #bitcoin by public companies and accelerated the digital transformation of corporate balance sheets," MicroStrategy CEO Michael Saylor, a Bitcoin advocate, tweeted.
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A mobile device powered by iОS or Аndrоid is еnоugh to join the nеtwоrk. The procedure of the connection to the network is very simple: Enter AppStore or Google Play; Type Pi Network in a search bar; Dоwnlоаd the аррlication and install it оn уоur smаrtphone or tablet; Choose the registration method; there are two options – via Facebook account and through mobile phone number. Please note, advanced and experienced users recommend to choose the second option. If you lose access to your Facebook account, you may lose your funds as well; Type your соuntry of rеsidеnce and рhоnе number; Indicate your first name, last name, and nickname.
btc$64,789.00 (-3.14%) eth$4,668.18 (-1.38%) bnb$626.65 (-3.54%) sc$0.02 (-3.38%) usdt$1.00 (-0.36%)
Based on the chart above, Cardano positions itself along with the raging bulls. Today, ADA trades at a high price of $1.99.
The team behind SHIB has sent 500 trillion tokens to the co-founder of Ethereum, Vitalik Buterin. The transactions can be tracked here and here.
In a recent report from Kraken exchange, analysts said that the current quarter’s price action has a correlation of 0.88 with the fourth quarter of 2017.
Potential investors looking to buy the dip should understand that fluctuations are par for the course, and be prepared for this kind of volatility going forward. Even if you invest now, with prices relatively low, be prepared for them to fall even more. Again, only put in what you’re comfortable with losing — after you’ve covered other financial priorities, like emergency savings and more traditional retirement funds.
The Pi network allows its users to mine coins from its mobile app and carry out transactions. The transactions are validated on a distributed record during mining using the Pi network app.