The wealth gap: what Cardano next week?
Source:
Despite the policy regarding Coinbase ZRX, Cardano found its bottom. Cryptocurrency was not the first ERC-20 token on the stock exchange, which caused a storm of debate in cryptocommunist. However, holders ADA still Harbor hopes for a listing. The asset has survived the most severe correction, losing more than 90 percent of its value in 2018. If the time to buy it, it should be done right now.
theLatest news
Recall, ZRX the first ERC-20 token on Coinbase. Many cryptoendoliths selection of coins led to the present confusion, because this role was considered several candidates, including Cardano. Most likely, the reason for the deviation ADA was the excessive centralization of the project and yet the lack of a working product.
The Team Cardano independently produces tokens, it's true. However, programmers are not allowed behind roadmap project. Startup CEO Charles Hoskinson working hard to release the first key updates Cardano. Soon one of them will be Project Shelly, scheduled for launch in the first quarter of 2019. If the upgrade really will be a success, ADA has all the chances to grab a significant market share from and EOS.
theTechnical analysis
On the chart Cardano yet good prerequisites for growth. Fall, fortunately, also not yet planned. At the moment, cryptocurrency tightly stuck in the horizontal channel and konsolidiruyutsya in relation to the USDT. 1-the weekly chart formed a clear support level in area 6 cents, now traders should look for him.
image Source — NewsBTC
His penetration may cause a new wave plum cryptocurrencies. More conservative investors, we recommend to put buy orders after rising more than 12 cents. On this border is ending consolidation zone, a break to the downside will mean a new global uptrend.
Analysis of schedules prepared .
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