ADA Smart Contracts Scalability IssueHi Guys,
ADA / USDT
The launch of smart contracts on ADA's public TESTNET has shone a light on old protocol design challenges.
Key Takeaways
ADA's EUTXO-based protocol design has proven challenging for decentralized application developers.
Minswap, the first decentralized exchange to launch on Cardano testnet, faced immediate scaling issues last week.
While several projects claim to have solved the concurrency issue, none have publicly revealed their solutions.
ADA, the third-largest cryptocurrency with a market cap of over $82.8 billion, has become the subject of criticism as its
ecosystem infrastructure does not allow for the most basic decentralized applications to function without facing immediate scaling issues.
ADA is facing a major scalability hurdle.
Input Output, the development company behind Cardano (ADA), announced the launch of the Plutus smart contract functionality on testnet last Thursday. Since the update went live, Minswap, the first decentralized exchange to launch on testnet, has run into severe scaling issues, raising concerns about Cardano’s capability to run smart contracts.
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Public trade #24 - #ADA price analysis ( Cardano )CRYPTOCAP:ADA price was drained quite a bit on 03/02/25, but today it shows one of the best rates of buyback (of course, among the “old” coins with a large market cap)
Let's try to bribe to ourselves with #Cardano
The approximate trade for the investment portfolio is shown on the chart, and also we will take #ADA in copytrading as the price moves, depending on the dynamics.
Do you believe that the price of OKX:ADAUSDT will reach $5.60-6.50 in this 2025 growth cycle?
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Cryptolean Cardano ADA Update Last two weeks, in the daily chart ADA is teasing the key resistance zone of $0.76-$0.80.
Above $0.80, bulls will take control of the ADA price chart towards $1.
A daily candle closure above $0.80 will push ADA price towards $0.90 and higher.
Below $0.66 is the bearish zone and ADA price will decline towards $0.57 for another re-test of the ascending daily trendline.
Intraday Chart
The ADAUSDT 4-Hour chart is in the bullish territory and holding the key intraday support of $0.736.
A reversal from its current price location is likely and a bullish rejection of $0.736 will push Cardano to the key intraday resistance zone of $0.84-$0.88.
A bearish dip to $0.69 or, even better, to $0.65 and a bullish rejection of one of these levels could offer a long trade towards $0.84-$0.88 and higher.
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ADA Goguen era coming in Q2Smart contracts allows projects to transfer from Ethereum to Cardano, creating good opportunity for projects to save on the Eth gas fees.
If the Alonzo "hard-fork" works successfully, we will officially be in the Goguen era and projects will start transferring over from Eth.
This mean we could seeway more transactions on the Cardano blockchain, increasing the demand for its native coin, the ADA.
There will be a certain fear before major Alonzo "Hard fork".
ADA might retrace to sub 1$ prices after next pump.
In the years-long run, ADA will catch up on ETH and reach 200G market cap.
It might not be as quick as presented here, but it is a certainty that the Cardano team at IOG and IOHK will not stop working until they built the worlds best blockchain!
ADA/ETH UPDATEHello fellow traders!
Today I am analyzing why I think using your ETH buying power into cardano might be a good move. I have previously posted a chart showing the oversold conditions of this asset.
On the weekly chart there are several indicators showing bullish momentum.
MFI- really oversold to the point where we really haven't seen these levels for quite some time.
RSI- Nice bounce off of a key support area
also we have a WEEKLY bullish engulfing candle, signifying that we might go higher.
please like if you enjoyed this content also not financial advice just my thoughts ;)
ADA Bullish The price of Cardano has been suffering from intense bearish pressure due to the lack of dex's on its ecosystem and with the Cardstater and Sundaeswap current conflict, there will be a bit more pressure.
Cardano has reached close to its all-time low within the last year of about $1.00
However, the Sundaeswap addressing the issue with their mainnet release which includes liquidity, congestion, and trouble of certain wallet integration I believe that their problems will be resolved within a few months. They have been having AMAs addressing all their current problems and doing press releases including sundaeswap-finance.medium.com
The Cardano ecosystem has many more important releases this year including hdrya and basho that will greatly improve congestion problems and with the release of more dex's this year, there will be more need for the use of the ADA token. It is important to know that the TVL has increased by 3x within one week to about 95 million.
🔷 ADA CARDANO - 3$ Still Far Nonmatter how Close!The 3$ mark has come close but has never been touched and the price seems to be consolidating below it (now at 2.85$)
The Alonso upgrade is incoming and given that things go well Cardano should be able to reach and exceed to 3$ but we ought to be carefull if the price drops below the support area at 2,75$. Hopefully a correction to 2,5$ or below will not be necessary.
Cardano remains one of the Top picks and we await to see if Bitcoin will help bring us to 3$ and above.
All this while both Ether and Cardano continue to dominate inflows to institutional crypto investment products, while demand for BTC weakens.
Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin (BTC).
One Love,
the FXPROFESSOR
CARDANO - AGAIN???? 🤭o m g !!!
CARDANO is rising again, exploding towards the North Pole and leaving everyone behind.
For #Cardano peeps who just want the essential dates
Major listing for ADA in Japan:
25 August
Smart Contract Upgrade:
12 September
Cardano Summit 2021:
25 September
Going to be an eventful few weeks and months ahead, Cardano seems destined for MORE~
One Love,
the FXPROFESSOR
🔹CARDANO, We Have smashed the ATH 💙Cardano kai ksero pswmi! which translates to 'Cardano and bread' in Greek.
It's something that we say when we like too much. An exaggeration.
In this case I am not exaggerating, I told you guys EXACTLY when to buy (buy stop over resistance), EXACTLY what the levels were (and that's EXACTLY the levels the price would test and break) and also EXACTLY when we will go to new all time highs.
Now I will tell you were I think this is going. It's on my chart, take a look, above 5$ for the next 10 months.
Yes, I am EXACTLY VERY HAPPY. Thank you
the FXPROFESSOR
Cardano - Where and when to buy 🚀❓After the rapid drop and bitcoin's return to its previous level, the market is in uncertainty, as is the case with most altcoins.
Let's look at the chart of Cardano, globally we see a very large consolidation zone, the price tried to move out of it, but could not stay above it for long. After that, we see a return back inside that range, and now ADA is heading towards the lower boundary.
Where and when to buy?
a) If the Cardano drops down quickly, comes out of it, and collects liquidity below the breakdown area, with volumes rising strongly, that would be a good buying opportunity.
b) If the Cardano presses against the trend line, breaks it, and tests it as support, that would also be a good buying opportunity.
Cardano- Critical Support Level ApproachingCardano now fighting to remain in channel.
I think there will be more pain before any potential reversal but the next few days should give us the indication we need to see it more clearly.
While it's managed to hold within the channel (for the most part) the biggest test will happen over the next few days as the retrace meets the bottom of the channel, coupled with the descending trend line.
(A break north may indicate a reversal but I'd be more inclined to look for a confirmed retest as opposed to buying an initial bounce)
My thoughts are that BTC has already fallen through it's major support line and as it moves to test 28 - 24K it will drag ADA to retest the 0.95-1.05USDT mark at best.
Loss of Support would potentially indicate a confirmation for the Bears so even at 1.00USD I'd want to see some form of confirmation of reversal prior to taking a position.
While probably not a popular call for the ADA Bulls I think structuring in a Stop Limit Order at 0.40 USD in case of a crash would make sense.
Whilst I still believe there will be money to be made in the markets caution is advised as personally I think the "new" money and large amount of people flocking to relatively unknown moonshot projects is an indicator that we should be anticipating a further downturn across the board before any potential major recovery.
As always, not financial advice,
Just my own thoughts and TA.
DYOR and don't get Rekd.
Bingaz