adaSmart-contract-enabled, high-performance native cryptocurrency cardano Blockchain, which has jumped nearly 2% on Tuesday, and was last changing hands in the $0.26 area, briefly fell below $0.25 during Monday’s crypto-wide selloff on hawkish central bank/recessionary concerns. ADA’s pick-up on Tuesday came amid a broader recovery in cryptocurrency markets, despite another aggressive central bank surprise, this time from the Bank of Japan, which unexpectedly changed its so-called “yield curve control” policy, causing almost There was a jump of 20 bps. Japanese 10-year government bond yield (similar to the effect of a rate hike).
Although, price prediction To be low ADA’s recovery on Tuesday still sent the cryptocurrency down more than 3.0% on the week and almost 19% on the month. Meanwhile, ADA has lost nearly 40% of its value since the start of the quarter, leading many bears to believe the cryptocurrency is poised for further losses. ADA traders have largely ignored the fact that Cardano founder Charles Hoskinson, who also serves as the CEO of Input Output Hong Kong (IOHK), has fallen out with the Ripple community. IOHK is a non-profit company tasked with the development of Cardano and other crypto projects.
Hoskinson Has It With Ripple Community, Ripple CTO Responds
at the end of last week, cardano Founder Charles Hoskinson uploaded a video to Twitter explaining why he will no longer be answering questions about the Ripple project, or engaging with members of the Ripple community. The Ripple community claimed that Hoskinson has been unfairly attacked several times after he made comments about his project, before labeling the Ripple community the most toxic in the crypto space.
A day later, in response to a comment criticizing his decision to no longer engage with the Ripple community, Hoskinson doubled down on his decision and labeled the Ripple community as “toxic and petty”. He took his criticism of XRP a step further, saying that it provides “no partnership or technical value”. Ripple CTO David Schwartz stuck up for his community in response to Hawkinson’s tweet. “You might want to wait a few days, read back this tweet, and think if you’re sure this is a combination of the things you really wanted to say,” Schwartz said.
Price Prediction – ADA’s Decline Slows, But $0.20 Looks Inevitable
ADA’s recent declining momentum has some traders betting that the cryptocurrency’s price could now see some stabilization. ADA’s 14-day Relative Strength Index (RSI) score has been below 30 for five days now, indicating that ADA has entered an “oversold” period. In recent months, when the RSI has pointed to ADA being oversold, its price has generally stabilized or even enjoyed a modest short-term recovery in the coming days and weeks.
ADA’s latest decline over the past few weeks has also seen it break below the descending trend channel it has been playing out since August. Traders have taken this as another sign that the cryptocurrency is dropping in value at a potentially unsustainable pace.
Although there are technical signs that ADA may see some short-term stabilization, ADA price looks critical and sensitive to losses in the medium term. This is because the long-term decline from the September 2021 record high of around $3.16 remains intact. The cryptocurrency also continues to trade below all of its major moving averages, all of which are pointing lower, with the 21-day MA acting as a key area of resistance recently. Many bears are betting on a test of $0.20 support in early 2023.
Altcoins giving quick returns
The cryptocurrency has been trading sideways for a few weeks, prompting some traders to look for options with higher potential in the short term. Listed below are some of the major pre-sales in the market, allowing investors to get in in on the ground floor.
FightOut (FGHT) – Presale Launch
FightOut, a brand new move-to-earn (M2E) fitness application and gym chain that wants to bring the fitness lifestyle to Web3, has started its pre-sales and investors feel the project will complement the current Web3 M2E landscape. may change. While existing M2E applications such as STEPN only track steps and require expensive non-fungible tokens (NFTs) to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity , and it doesn’t require any costly buy-in to participate.
FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to act fast to secure their tokens, with pre-sales already at $2.17 in just a few days. Raised over a million dollars. FGHT is the token that will power the FightOut crypto ecosystem.
Dash 2 Trade (D2T) – Pre-sale enters final phase
Those looking to invest in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up and coming analytics and social trading platform is expected to take the crypto trading space by storm with its unique features.
These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and strategy back-testing tools. Dash 2 Trade’s ecosystem will be powered by D2T tokens, which users will need to purchase and hold in order to access the platform’s features.
Dash 2 Trade is currently conducting a token pre-sale at deeply discounted rates and sales recently exceeded $10.24 million. The pre-sale dashboard is going to be released soon, currently the development team is running ahead of schedule. The tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges within a month.
Calvaria (RIA) – Final pre-sale phase now
Major blockchain-based games such as Axis Infinity have lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an emerging play-to-earn battle card crypto game, could be a good option. Calvaria seeks to promote crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Calvaria’s RIA Token Pre-Sale. Calvaria has now raised $2.51 million, following a $97.5K purchase from a crypto whale earlier this month. Pre-sale is in final stage, only 20% tokens are left.
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