CARDANO #5 Crypto lets take a deeper look at whats ticking @CARDANO

By derbycuzxrp | CRYPTO Talk XRP | 19 Jan 2022


WHAT IS CARDANO 

Cardano was established back in 2017 the POF (proof of stake) network was named after the 16th century polymath Gerolamo Cardano. The token also got its name from athe past the native ADA token takes its name from 19th century mathamatician Ada Lovelace , Lovelace it is thought to be the worlds very first computer programer. Cardano say they aim to allow "changemakers, innovators and visionaries" to bring about positive global change. The native token allows holders to participate in the operation of the network. Giving owners voting rites on software changes. 

Cardano Binance contract

Cardano is at the moment one of f not the bigest blockchain to bring a PoS concensus . ETH wll upgrade but thats still long time to come.

 

HOW MUCH ADA IS THERE PLUS MORE MARKET INFO

Max Supply 45,000,000,000 Total Supply 33,988,299,055 Circulating Supply 33.54B ADA 75%   ADA  is trading at $1,40 about 3.7% down on the 24 hour chart. It peaked at $1.53 and its daily low was $1.37 .  This shows in the decline in  Volume 24h $3,559,587,292 27.58% Volume / Market Cap 0.08214   this brings the coins Market Cap@ $46,890,365,281 3.72% and the Fully Diluted Market Cap@ $62,911,742,057 3.76% daily chart     DEEP DEEP TOKEN SUMMARY   

  Some good to know facts about ADA about 42% of ADA holders are making money at this price and about 53% are not . The number of whale adresses holding between 0.1% to  1% of the circulating supply stand at 26% of all adresses. 8% of the holders have been holding for more than1 year , and the amount of holders holding between 1 to 12 months make up 73% with 19% coming from the last month. In the last 7 days there has been $34.96b worth of transaction that exceded $100 000.00 .With the western hemospher accounting for 57% of trans actions and the east 43%. The net growth of the network looks low with a 2,4% signal value, however the change of in the money signal is high with 14,5% more accounts holding more that 0. The concentration of large holders are down with 1 % , and the amount of transactions bigger than $100k is down with 3.58%. Overall the market looks to be trading side ways with no real gain or los in the last 24 hour market cycle.           

  MY PREDICTIONS 

  Well its tuff to know for sure but i believe the price will rise to about the $1.60 range by the end of January . That doesnt meen it could not drop to below the $1.10 range before the spike up. Cardano seems to be a very under valued network that might see a lift off to the moon by the mddle or end of this year. I have been seeing ADA trade independantly from the bitcoin price for a good period of time before t gets pulled back by the drop of bitcoin.    thats all from me Derbycuzxrp till next time  

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derbycuzxrp
derbycuzxrp

A Blockchain enthusiasts who is at the starting point of trading on certain platforms and believe in xrp as I educate my self to educate the world


CRYPTO Talk XRP
CRYPTO Talk XRP

This blog helps make the crypto market understandable. I dwell deep into the connections and speculate on the future of XRP using wisdom and knowledge i trade the market and publish my results with detailed analysis . disclaimer I am not a financial adviser nothing here is financial advice or suggestions I am only expressing my own actions for entertainment purposes A journey to generational wealth starts with truth. Ignorance holds the seed to wisdom. In man lies the seed of the universe .

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