Author: dfmines

Cardano (ADA) has been on fire recently. At this point, it is no longer a surprise to see the asset posts massive returns in just a short period of time. With so many big things lined up for the project, the price has continued to rally. Now, ADA has broken a critical resistance point in its race to the top. The coin had suffered dips following the knockdown from its first $3 resistance point test. But has successfully broken through this barrier. ADA carries out a successful retest of $3 | Source: ADAUSD on TradingView.com The early hours of the morning saw the price of the digital asset hit a new all-time high of $3.10. Before hitting what appears to be a roadblock and correcting back down. Although this downward correction does not look negative on ADA. Correcting downwards is typical for assets that have rallied in a short amount of time. Basically giving the market time to catch up with the valuation of the asset. ADA’s correction saw it hit back down towards $3. But this point acted more as a bounce point for Cardano, which sent the price back up to a more comfortable resting point for the time being. Related Reading | Cardano Offers Up To $10,000 For Network Vulnerabilities In Bug Bounty Nevertheless, the asset looks poised for another rally. With the current momentum and general market sentiment surrounding ADA, it will be no surprise to see it hit $4 next week. Growing interest has led to an accumulation of the asset. Future use cases put Cardano on track to become one of the most widely used blockchains in the space. Hence giving its native asset ADA the needed push to grow fast enough to break through $4. Factors Pushing Cardano (ADA) Towards $4 Most of the momentum ADA has seen has come from the expected upgrades occurring this month. The team behind the Cardano project announced in August that the final upgrade, which is the Alonzo Purple Hard Fork, that will bring smart contracts capability to the network will be released on September 12th. This will put the blockchain on a level where it can compete with Ethereum, the leading smart contracts platform. As users anticipate being able to carry out decentralized finance services and mint NFTs on the network, investors have poured money into ADA. Expecting the price to blow up leading up to and after the announcement of this final upgrade. Related Reading | Cardano (ADA) Founder Responds To Criticism Over New Crypto Partnership Cardano founder Charles Hoskinson has said that the project is on track. And Cardano has received the go-ahead from its shareholders to release Alonzo Purple as scheduled. With less than two weeks left to the launch, the price is expected to continue to rally, with the current trajectory putting ADA on a sure path to $4 before the release of smart contracts capability. After which adoption of the network due to its new use cases will drive the price even further up. Featured image from 123RF, chart from TradingView.com  

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Long story short, tried to transfer AMP from Coinbase Wallet to Gemini, SOMEHOW, the transaction failed, and I STILL lost my fucking $100 gas fee. Such bullshit, I had no idea that was possible. How can I make sure that scam doesn’t happen again? submitted by /u/R4nchontheside [link] [comments]

I don't understand how people are using ethereum like the fees are so affordable. Am I missing something.. The fees literally make the network impossible to do anything on it. submitted by /u/salthetender [link] [comments]

The “family” is growing .. I became a member around 6 weeks ago and since then this Reddit site has grown by around 200,000 people. I guess with more and more people becoming interested in crypto it’s inevitable that the number of users on this site will continue to increase. Anyways glad to see cryptocurrency…
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Bitcoin and Ethereum are in the green on high timeframes. The first and second cryptocurrencies by market cap seemed to be recovering well, after months of sustained selling pressure. At the time of writing, BTC trades at $49,319 with a 1.4% profit in the daily chart. Earlier, Bitcoin was rejected as it made its way back north of $50,000. BTC’s price lost its first level of support at $49,800 and now sits at risk of returning to the mid-range of its current levels, around $46,000. This could be positive for Ethereum, as the second cryptocurrency by market cap keeps outperforming Bitcoin. A push too high from BTC’s price could steal ETH shine. At the time of writing, Ethereum trades at $3,773 with a 1.9% and 16.8% profit in the daily and weekly charts, respectively. Investment firm QCP Capital made a market update, claiming that Ethereum “started moving to their target” on the ETH/BTC trading pair set at 0.0850, as seen below. This chart seems bullish for Ethereum as it approaches the end of 2021. At present, the bullish price action in both Ethereum and Bitcoin has occurred without great variations on the funding rates for derivatives. For the ETH/USD, retails investors seem to be in control, QCP Capital claims. These investors jumped into ETH due to the positive catalyst events on the non-fungible token (NFT) sector, update EIP-1559, and the “constant buying of calls in large blocks”, the firm said. However, things could be about to change for ETH. The rally could be attracting a fresh wave of speculators and short-term investors, as funding rates started to turn positive after ETH’s price broke above $3,8000. The firm said: (…) recent push through 3800 we are starting to see some funding pressure as leveraged players join in on the move higher. In spite of the decisive rally, the market remains wary of potential downside risk. Potential Scenarios For Bitcoin And Ethereum The investment firm added that there is a chance for Bitcoin reversal sees BTC’s price continues to trade in the $48,000 to $52,000. As long as it fails to break above these levels, there is potential for a reversion. For Ethereum, the bullish price action could prove unsustainable with an increase in volatility: ETH front-end risk reversals have flipped violently to the put side. With the speed of this move higher, a sharp mean reversion move would not be too surprising. A lot of the next price action will be determined possible determined by Bitcoin, its performance, and dominance in the market. In that sense, QCP Capital pointed out that $51,000 will operate as major resistance with a Relative Index Strength (RSI), a momentum indicator, trending to the downside. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

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