Cardano is moving bullish and despite overall correction in May, it is still holding above long term trendline. ADA touched support for multiple times and always showed firm in place. All dips are being bought which is probably due to anticipation of final deployment of the Alonzo upgrade on the main net which is planned to be in this month. On July 15 Alonzo test net has hard forked from the Alonzo Blue to the Alonzo White node, which is the last stage before final launch.
The ongoing phase of the protocol’s roadmap is the Goguen phase, which is the third phase after Byron and Shelley. The Goguen phase was split into three stages, Allegra, Mary, and Alonzo. This leaves the Alonzo upgrade, which was further split into three different phases, named Blue, White and Purple. The completion of this phase will bring much anticipated smart contracts to the network.
ADA is one of the most stable tokens among all cryptocurrencies, mostly as around 72% of all ADA tokens are staked on the network, amounting to around €25 billion. In June Grayscale added ADA to its Digital Large Cap fund, making it the third-largest component after Bitcoin and Ethereum.
ADA has a lot of room to the upside. As longer the price stays above trendline, dips should be bought. My first targets are $1,8 and $2,3, but I’m anticipating higher numbers on longer term.
The ongoing phase of the protocol’s roadmap is the Goguen phase, which is the third phase after Byron and Shelley. The Goguen phase was split into three stages, Allegra, Mary, and Alonzo. This leaves the Alonzo upgrade, which was further split into three different phases, named Blue, White and Purple. The completion of this phase will bring much anticipated smart contracts to the network.
ADA is one of the most stable tokens among all cryptocurrencies, mostly as around 72% of all ADA tokens are staked on the network, amounting to around €25 billion. In June Grayscale added ADA to its Digital Large Cap fund, making it the third-largest component after Bitcoin and Ethereum.
ADA has a lot of room to the upside. As longer the price stays above trendline, dips should be bought. My first targets are $1,8 and $2,3, but I’m anticipating higher numbers on longer term.