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4 11, 2024

The New Hub for dApp Developers in TON

By |2024-11-04T00:28:47+02:00November 4, 2024|News, NFT News|0 Comments


  • TON Studio launches to enhance dApp development, offering toolkits, pre-built solutions, and expert support for Telegram-integrated projects.
  • The Open Network plans to launch tgBTC, a synthetic token connecting the TON ecosystem with Bitcoin’s liquidity for increased engagement.

TON Blockchain has announced the official launch of TON Studio, promoting it as a valuable resource for developers looking to create decentralized apps (dApps) inside the TON ecosystem.

This program coincides with a period of amazing network expansion, with over 10 million active wallets monthly and one million daily users. The debut of TON Studio aims to simplify the development and deployment procedures, therefore enabling developers to turn their ideas into completely working dApps.

Comprehensive Tools and Access Define TON Studio’s Core 

Four main products that meet changing needs of developers define the essence of TON Studio’s value proposition. First, it oversees the Telegram Apps Center, allowing dApps to access millions of worldwide users by means of the Trending Apps channel and Telegram platform interaction.

By using Telegram’s strategic alignment, developers may access a large and active user base, therefore immediately increasing the visibility and acceptance of their applications.

Apart from this, TON Studio offers premium developer tools. These toolkits include pre-built solutions and continuous projects to hasten the development schedule; they are designed for flawless mini-app development within Telegram and come with access to GitHub communities.

This set of tools guarantees that developers may make use of current resources, therefore lowering the technical obstacles sometimes faced in the development of dApp.

Seamless Support and Onboarding for Developers 

Moreover, TON Studio stresses strong technological assistance. Engineering professionals, who will help developers through several phases of development—from problem-solving to optimization—can provide practical aid.

Maintaining project momentum and guaranteeing developers have a consistent source of direction depend on this direct support.

Another area where TON Studio excels is quickly onboarding fresh developers. It provides a user-friendly onboarding experience by means of thorough, step-by-step directions, comprehensive tutorials, and complete documentation.

This strategy promotes a constant flow of creative ideas by helping even newcomers to the ecosystem to start without needless delays.

Previously, CNF reported that The Open Network intends to also release a synthetic token known as tgBTC, a wrapped Bitcoin token. With Bitcoin’s liquidity, this action seeks to link the TON ecosystem and maybe create conditions for more activity and a token value surge.

Meanwhile, TON, the network native token, is trading for $4.94 as of writing, a 2.04% rise over the last 24 hours. At $12.56 billion valuation, it ranks as the 11th biggest crypto by market cap.





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3 11, 2024

Domestic prices fall for 5th consecutive week

By |2024-11-03T22:20:14+02:00November 3, 2024|Forex News, News|0 Comments


Experts predict that coffee prices on November 4, 2024 will continue to be under downward pressure due to the impact of the harvest in Vietnam and favorable weather conditions in Brazil.

According to analysts, strong exports of Robusta conilon from Brazil this season have contributed to the upward pressure on prices. Moreover, the weather has improved, with rains in Brazil’s main coffee growing regions in recent times, and coffee flowers have bloomed well in the month of October 2024, helping Brazil’s coffee crop recover after a prolonged dry period, signaling a positive harvest.

Coffee prices also fell sharply because Brazil’s local currency, the Real, weakened to its lowest level in nearly three months against the US dollar, prompting farmers to boost export sales.

November 4, 2024 Coffee Price Forecast: Domestic prices have decreased for the 5th consecutive week, what will the 2024-2025 crop year be like?

Vietnam’s supply has started to increase since this month, and the ongoing harvest has put downward pressure on robusta coffee prices. The recent storm No. 6 did not cause much damage, nor did it slow down the progress of the harvest of the growers.

Meanwhile, Indonesia’s Sumatra robusta exports increased well in the month of September 2024. The Asian producer’s robusta exports in September were 9 bags, up 159.918% year-on-year. This contributed to the island’s total Robusta exports in the first six months of 76,36 being 6% higher year-on-year, totaling 2024 bags.

Recorded in the trading session on November 3, 2024, today’s coffee price dropped sharply by 1.200 – 1.300 VND/kg, ranging from 106.000 – 106.500 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 106.500 VND/kg, the highest purchase price in the province Dak Nong, Dak Lak 106.500 VND/kg. Specifically, the coffee purchase price in the province Gia Lai (Chu Prong) is 106.400 VND, down 1.200 VND/kg compared to the previous day, in Pleiku and La Grai the same price is 106.300 VND/kg; in the province Kon Tum at the price of 106.400 VND/kg, down 1.200 VND/kg compared to the previous day; In Dak Nong province, coffee was purchased at the highest price of 106.500 VND/kg, down 1.200 VND/kg compared to the previous day.

Price of green coffee beans (coffee beans, fresh coffee beans) in the province Lam Dong In districts such as Bao Loc, Di Linh, Lam Ha, coffee was purchased at 106.000 VND/kg, down 1.300 VND/kg compared to the previous day.

Domestic coffee price (date 3/11) in Dak Lak province; in Cu M’gar district, coffee is purchased at about 106.500 VND/kg, down 1.200 VND/kg, while in Ea H’leo district and Buon Ho town, coffee is purchased at the same price 107.600 VND/kg.

Coffee price update world At 20:00 on November 3, 2024 Vietnam time on the London exchange, the price of Robusta coffee futures contract for monthly delivery November 2024 on the London exchange was at 4.279 USD/ton, down 90 USD compared to the beginning of the trading session.

Coffee price forecast on June 4, 11:
Coffee price today November 3, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com

The monthly delivery term January 2025 is 4.208 USD/ton, down 73 USD; the monthly delivery term March 2025 is 4.150 USD/ton, down 66 USD and the monthly delivery term May 2025 is 4.075 USD/ton, down 70 USD.

Coffee price forecast on June 4, 11:
Arabica coffee price on New York floor on November 3, 2024. (Photo: Screenshot of giacaphe.com)

Of which, the price of Arabica coffee on the New York floor at 20:00 on November 3, 2024 decreased in all terms, fluctuating at 239.20 – 242.95 cents/lb.

Specifically, the monthly delivery term December 2024 is 242.95 cents/lb; down 2.95 cents/lb compared to the beginning of the session. The monthly delivery term March 2025 is 242.40 cents/lb, down 3.10 cents/lb; the monthly delivery term May 2025 is 241.35 cents/lb, down 3.10 cents/lb and the monthly delivery term July 2025 is 239.20 cents/lb, down 2.95 cents/lb.

Coffee price forecast on June 4, 11:
Brazilian Arabica coffee price on November 3, 2024.(Photo: Screenshot of giacaphe.com)

Brazilian Arabica coffee prices today at 21:00 p.m. November 3, 2024 increased and decreased in opposite directions. Specifically, the monthly delivery term December 2024 was 297.30 USD/ton, up 0.75%; the monthly delivery term March 2025 was 295.55 USD/ton, down 1.04%; the monthly delivery term May 2025 was 295.05 USD/ton, down 1.37% and the monthly delivery term July 2025 was 292.10 USD/ton, down 1.32%.

Robusta coffee traded on ICE Futures Europe (London floor) opens at 16:00 and closes at 00:30 (the next day), Vietnam time.

Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 p.m. and closes at 01:30 a.m. (the next day), Vietnam time.

Information for reference only. Prices may vary depending on locality.

Sources: https://congthuong.vn/du-bao-gia-ca-phe-ngay-4112024-gia-noi-dia-giam-tuan-thu-5-lien-tiep-356532.html



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3 11, 2024

Bitcoin (BTC) Price Prediction for November 3

By |2024-11-03T20:31:37+02:00November 3, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Most coins are facing a correction today, according to CoinStats.

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BTC chart by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has declined by 1.6% since yesterday. Over the last week, the price has risen by 2.04%.

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Image by TradingView

On the hourly chart, the price of BTC remains under bears’ pressure as it is closer to the support than to the resistance. Respectively, traders may witness a test of the bottom line of $67,823 shortly.

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Image by TradingView

On the bigger time frame, there are no reversal signals yet. If the daily candle closes near its low, the correction is likely to continue to the $67,000 range next week.

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Image by TradingView

From the midterm point of view, the weekly candle is about to close far from its peak, which is not good for a further upward move.

Related

DOGE Price Prediction for November 2

In this case, there is a chance of a drop to the $66,000-$67,000 area soon.

Bitcoin is trading at $68,451 at press time.

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3 11, 2024

Imminent Price Rallies Expected but New Altcoin Set To Steal the Spotlight

By |2024-11-03T18:29:12+02:00November 3, 2024|Crypto News, News|0 Comments

SPONSORED POST*

As Ethereum and XRP show promising signs of recovery, the spotlight may be shifting to Rollblock, a new crypto contender making impressive gains in its presale. The altcoin is already up 230%, making it a must-watch. Meanwhile, Ethereum is seeing increased whale activity and XRP is trying to break through critical resistance levels. Will all 3 rally in the coming days and weeks?

Ethereum Rally Predicted As The Coin Holds $2,600+

Ethereum is showing resilience. The coin is currently trading at $2,663.12 and is succeeding to hold above $2,600. Despite a slight decline of 1.27% in the last day, Ethereum has gained 4.15% in the last week to a year-on-year gain of 45.64%. Recent trends indicated increased whale activity, suggesting a strong accumulation phase. This growing demand is supported by a strong trading volume but there will be significant resistance at $2,707, which will determine whether a rally will happen.

Cross-Border Advances Mean XRP Has Rally Potential

XRP is currently trading at $0.5185. This reflects a minor drop of 0.60% over the 24 hours but a more significant decline of 17.69% for the past month. Despite these declines in trading price, Ripple is making advances in DeFi that could trigger future investments. If XRP can break through the critical resistance level of $0.55, its price could surge significantly. XRP could reach between $1.36 and $1.89. 

Rollblock Is Ready to Steal the Spotlight

As Ethereum and XRP gear up for potential rallies, many investors are also looking to a new altcoin called Rollblock, which is showing signs of being a top profit-maker for early investors. Rollblock has already surged by over 230% in its presale, drawing in investments of close to $5 million so far. 

Rollblock is an innovative GambleFi project that combines DeFi with online gaming. The Rollblock online casino is already up and running with its native token $RBLK used for all transactions and wagers. The site has more than 7,000 different games from the world’s top software developers like Habanero and Pragmatic Play. The platform also incorporates a live casino and will open a sportsbook in the new year. 

Yet, it’s Rollblock’s revenue-sharing element that is gaining the most attention from investors. Each week, the platform uses up to 30% of its revenue to buy back used $RBLK tokens. Immediately, 60% of these are burned to create a highly deflationary environment that increases the scarcity of the native tokens and, therefore, their value. The remaining 40% are used as staking rewards and dividends to users, further increasing their return on investment (ROI). 

Currently, Rollblock is trading at $0.033 as the 8th presale stage approaches. Prices are expected to rise within the next 24 hours. Like many coins before it, Rollblock could certainly take the spotlight away from any Ethereum or XRP rallies ahead. 

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

*This article was paid for. Cryptonomist did not write the article or test the platform.

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3 11, 2024

SOL’s Price Trajectory In The Upcoming Months, Blockdag, And Cutoshi On The Rise As Best Presales Of 2024

By |2024-11-03T16:28:40+02:00November 3, 2024|Crypto News, News|0 Comments

SPONSORED POST*

Looking for the next breakout star in crypto? Solana’s price surge, BlockDAG’s presale milestones, and Cutoshi’s electric debut make it feel like 2025 could hold even bigger surprises in store. 

With the market ready for a rally and meme coins gaining even more ground, it’s no surprise that Cutoshi (CUTO) has captured the attention of crypto investors looking for the next opportunity. Solana’s comeback is building momentum, BlockDAG’s numbers are climbing, and all eyes are on Cutoshi, the latest meme coin ready to rocket out of the gate. 

Is Solana Aiming For $200 Next?

Solana’s price has recently reclaimed the $180 mark, up by an impressive 15% in the past two weeks and a solid 11% over the month. Year-to-date, Solana’s value has jumped by over 380%, and while it’s still 32% shy of its all-time high at $259.96, the momentum has crypto enthusiasts wondering if a $200 surge could be on the horizon. 

Add in technical signals like the rising Relative Strength Index (RSI) and increasing oscillators, and it’s no wonder many are hinting at a bullish path ahead. Solana’s network activity is outpacing even Ethereum, clocking in almost $25 million in profits, which spells serious revenue and credibility in the blockchain race. 

BlockDag Presale Tops The Charts In 2024

Meanwhile, BlockDAG is bringing a new vibe to crypto with its rebranded website, built to keep things easy for everyone, from first-timers to crypto pros. But apart from its looks, the website is now packed with transparency, showing real-time updates on presales and new features, so you’re never out of the loop.

The revamped experience has already brought in over $106.7 million, with 14.6 billion BDAG tokens sold in just one presale batch, giving early investors a massive 2100% return. 

At a current price of $0.022, BlockDAG is showing its serious potential to stand out as a top DeFi player. With this polished, user-friendly approach, BlockDAG may be able to attract even more developers and enthusiasts.

Cutoshi’s Meme Coin Presale Is The One With 100X Spark 

With the meme coin market bulls roaring louder than ever, CUTO’s debut couldn’t have been any better. With a presale haul of over $600,000 in a matter of weeks and a CoinMarketCap listing, Cutoshi has quickly become a hot topic among meme enthusiasts. Taking inspiration from the Chinese Lucky Cat, which symbolizes prosperity, Cutoshi combines cultural charm with crypto essentials like decentralization, monetary freedom, and privacy, all inspired by Bitcoin’s core ideals.

But unlike meme coins, Cutoshi’s ecosystem is stacked with real value. At its heart, there’s the multi-chain DEX, where users can swap assets across blockchains without the usual high fees or wait times. It’s the kind of efficiency that’s hard to find among meme projects. 

Cutoshi’s farming protocol allows users to earn extra CUTO tokens, giving investors another reason to hold and grow with the project. 

With all these pieces falling into place and a presale price of $0.022 in stage 2, which is 75% sold out, Cutoshi could be the next meme coin to reach $1 in 2025. Those who buy into the presale now enjoy a limited offer of 20% extra CUTO tokens on all deposits.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com

Join and become a community member: 

https://twitter.com/CutoshiToken

https://t.me/cutoshi

*This article was paid for. Cryptonomist did not write the article or test the platform.



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3 11, 2024

XRP Price Prediction for November 3

By |2024-11-03T14:27:43+02:00November 3, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Sellers are more powerful than buyers on the last day of the week, according to CoinMarketCap.

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Top coins by CoinMarketCap

XRP/USD

The price of XRP has declined by 1.50% over the last 24 hours.

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Image by TradingView

On the hourly chart, the rate of XRP is in the middle of the narrow channel between the support of $0.4977 and the resistance of $0.5111. As most of the ATR has been passed, any sharp moves are unlikely to happen today.

Article image
Image by TradingView

On the daily time frame, the price of XRP is returning to the support level of $0.4877.

Related

DOGE Price Prediction for November 2

If the situation does not change, the accumulated energy might be enough for a breakout, followed by a move to the $0.48 zone.

Article image
Image by TradingView

From the midterm point of view, the rate of the altcoin is far from the key levels. However, if the weekly bar closes below $0.49, there is a chance of a test of the $0.44 area.

XRP is trading at $0.5039 at press time.

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3 11, 2024

XRP Ledger Makes Major Leap for Institutional-Grade DeFi as This Feature Launches

By |2024-11-03T14:21:06+02:00November 3, 2024|News, NFT News|0 Comments


Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

According to an exciting announcement by the RippleX official X account, the XRPL oracle pricing amendment is now live. This amendment adds a “Price Oracle” feature to XRP Ledger, as defined in the XLS-47 specification.

The XRPL price oracle is intended to store pricing information about asset pairs that exist outside of XRP Ledger, allowing smart contracts that rely on XRP Ledger to use this information.

A blockchain oracle is a system in which a service feeds information to the blockchain about the outside world, which may subsequently be accessed by decentralized apps (dApps) that run primarily on or with the blockchain.

Oracles provide a secure and efficient means of bringing real-world data onto a given blockchain system for smart contract use. This is particularly critical for institutional DeFi, which is central to XRPL.

XRPL’s Oracle is protocol-native, which means that it is built into the network itself and not a Layer 2, similar to XRPL’s AMM. External oracles such as Band Protocol and DIA, which are currently integrated into XRPL, will also be able to connect and provide price feed data.

Related

Big Mistake: XRP Ledger User Accidentally Burns 10,000 Tokens

With the new XRPL price oracle and integrations with Band Protocol and DIA, XRPL’s native oracles will be able to offer real-time data for key DeFi features like the AMM and lending protocols. This represents a significant step forward for institutional-grade DeFi.

The XRPL DID amendment went live last week, marking yet another significant milestone for XRP Ledger. DID is a unique, user-owned identifier that is not controlled by any central authority.

Use cases for XRP price oracle

Many upcoming XRPL protocols will require oracles, such as the XRPL Lending Protocol for lending rates and liquidation management, as well as the XRPL AMM and DEX for determining asset prices across all Web2 and Web3 marketplaces. The XRPL EVM Sidechain will also need it to support EVM smart contracts and quick data syncs between the mainnet and sidechain.

Related

XRP Ledger Upgrade Incoming: Major Network Issue Addressed

Tokenized assets would also require an XRP price oracle. In February, Ripple and Zoniqx announced a partnership that will bring Zoniqx’s asset tokenization infrastructure to XRP Ledger. This would require that the prices of real-world assets be streamed on-chain in real time.





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3 11, 2024

BTCUSD price prediction, looking for another test of the ATH

By |2024-11-03T12:26:07+02:00November 3, 2024|Crypto News, News|0 Comments

Bitcoin price forecast: on track for another ATH test, but watch these levels

If you’re riding the Bitcoin wave, hang tight—things are getting interesting. As BTC/USD keeps testing significant levels, traders and investors are on edge, waiting to see if Bitcoin has what it takes to revisit its all-time high (ATH). With technical analysis pointing to both promising and cautionary signals, here’s what you need to know.

BTCUSD price prediction, looking for another test of the ATH

BTCUSD price resistance at $73,794 – the ATH retest zone

The big question on everyone’s mind: will Bitcoin push back to its ATH of $73,794? This level is more than just a psychological milestone—it’s a test of Bitcoin’s strength after a rollercoaster year. If BTC manages to push through this ceiling, we could see a fresh wave of enthusiasm among the bulls. But breaking an ATH is never easy, so keep your eyes on volume and momentum as price approaches this key marker.

The line in the sand between bitcoin bulls and bears at $65,500 – bulls should set a stop there

Before getting too excited about ATHs, remember the support at $65,500. This level has held up as a reliable safety net, where buyers seem ready to jump back in when the price wavers. As long as Bitcoin stays above $65,500, the path to testing higher levels remains intact. A dip below, though, could signal a deeper retracement and shake out the less committed bulls.

Potential slide if support breaks

What if $65,500 doesn’t hold? In that case, brace yourself for a potential pullback toward lower supports—we could be talking about the $60,000 range and later even to $53,000. A break at this $65,500 level would put pressure on Bitcoin and may set off a round of profit-taking and panic selling. It’s crucial to watch how the price behaves at this junction. But for now, I am still on bullish on BTC and looking forward to another retest of the ATH zone – just slightly below or just slightly above $73,794.

Always trade bitcoin at your own risk only. Return to ForexLive.com for additional, original perspectives..

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3 11, 2024

The surprising effectiveness of this simple dietary supplement against bacterial resistance

By |2024-11-03T10:45:34+02:00November 3, 2024|Dietary Supplements News, News|0 Comments


Bacteria in our intestines engage in genetic exchanges, called bacterial conjugation, and sometimes this gene swapping promotes antibiotic resistance. Could zinc, a well-known supplement, help curb this phenomenon? Researchers from Iowa seem to have demonstrated it.

In Applied and Environmental Microbiology, they reveal that zinc could inhibit this gene transfer between microbes. This resistance mechanism relies on plasmids, small circular DNA elements.

Antimicrobial resistance poses serious public health issues, with thousands of deaths each year. These infections often occur after bacteria acquire multiple resistance, making them harder to treat. The researchers hope to slow this spread by blocking the transfer of plasmids.

During a study on chickens, the team noticed that some oral treatments reduced the number of plasmids in the animals’ gut microbiota. This discovery led the team to test commonly available substances, such as zinc supplements.

The researchers then tested various products on bacterial strains, observing a marked reduction in plasmid transmission with the addition of zinc. The higher the dose of zinc, the more the transmission decreased.

However, an unexpected phenomenon was observed. Previous research had shown that certain heavy metals, like copper or cadmium, could promote the transfer of antibiotic-resistant genes. This left scientists puzzled by the results seen with zinc.

To understand what was happening, the researchers analyzed in detail the effect of zinc on the plasmid transfer mechanism. They found that zinc caused a sort of “overload” in the gene replication process, which ultimately blocked the transfer of a plasmid to another microbe. At the same time, zinc also disrupted the production of certain specific proteins, crucial for forming the “bridges” between bacteria, structures necessary for genetic material exchange.

Result: the overall process of plasmid transmission was blocked.

The team’s next steps include animal trials to confirm if these results hold under real conditions. This discovery could potentially open a new avenue in the fight against antimicrobial resistance.

What is bacterial conjugation?

Bacterial conjugation is a process by which a bacterium transfers part of its DNA to another bacterium. This transfer occurs via plasmids, which are small pieces of circular DNA separate from the main chromosome.

This process happens through physical contact between two bacteria. A “bridge” forms, allowing the plasmid to pass from one cell to the other. This mechanism is one of the primary ways by which antibiotic resistance genes spread.

Conjugation is a fast and efficient way for bacteria to acquire new genetic characteristics, including resistance to multiple antibiotics, complicating their elimination.



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3 11, 2024

Cardano to $3? Analyst Says Price Surge is Overdue

By |2024-11-03T06:21:09+02:00November 3, 2024|Crypto News, News|0 Comments

Pseudonymous crypto analyst Madmaudo has insisted that a Cardano surge to levels around its all-time high is overdue, asserting an imminent uptick.

Cardano’s price has been in a range in the past month despite bullish rallies from other notable crypto assets. Market data shows the 11th cryptocurrency market cap has ranged between $0.3346 and $0.369 since the start of October.

Amid these price movements, ADA’s chart shows it has been on a descending triangle since its yearly high of $0.7741 in March. The chart indicates the formation of lower highs and lower lows, with the price action getting tighter towards the end of the triangle.

According to pseudonymous analyst Madmaudo, a breakout and surge near Cardano’s all-time high seen in September 2021 is long overdue. The market speculator asserted that he sees the long pent-up price action soon.

Madmaudo Calls Cardano to $3 Overdue

In a TradingView analysis on November 2, Madmaudo stated that a surge to $3 is long overdue for Cardano. He then asserted that ADA would surge 88% to close down on its all-time high of around $3.1. His chart indicates he expects ADA to break out of a multi-year descending triangle to the $3 target.

Furthermore, using the Fibonacci retracement indicator, the market speculator added crucial levels to watch on ADA’s path to $3. First, the indicator shows a surge to $1.2253 at the 38.3% Fibonacci level, then an uptick to $1.5808 at the 50% Fibonacci level.

The analyst expects the next stop to be $1.9362 at the 61.8% Fibonacci level before hitting $3.0869 at the 100% Fibonacci level. Notably, Madmaudo’s target is inches away from ADA’s current ATH.

Analyst Commends Recent Partnership with Bitcoin

Madmaudo cited the recent partnership between the Cardano and Bitcoin ecosystems as a FOMO catalyst for the ADA price. The analyst argued it was a “great partnership with Bitcoin.”

For context, one of Cardano’s major developers, EMURGO, partnered with BitcoinOS to unleash smart contract features on the Bitcoin network. Cardano will operate as a layer on the Bitcoin blockchain, introducing decentralized finance while accessing over $1.3 trillion worth of liquidity.

Market speculators have teased the partnership to boost the Cardano ecosystem, and Madmaudo shares the same sentiment. He expects the bullish scenario to bolster a surge to $3.

At the time of writing, ADA trades at $0.3578, up 3.18% in the past 24 hours.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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