Jack Thomas

Cardano Price Shows Good Growth β€” Will the Latest Upgrade Mean a Spike for ADA?

πŸ”₯πŸ“ˆ Cardano is on the brink of its next stage – Cardano 1.5 – and perhaps this positive news is the reason why ADA is up?πŸ“Œ
Cardano Price Shows Good Growth β€” Will the Latest Upgrade Mean a Spike for ADA?
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Cardano is one coin that is showing decent growth amongst a sea of small losses today. Is it because project Shelley is on the horizon, thanks to Cardano 1.5, an improved consensus protocol, that the price of its token, ADA, is on the move?

Cardano is an interesting project, and it is one that has been focused on quality, by its own admission. It has been rather slow with its upgrades: it has been three years now, and after active research and trailblazing, the testing of Cardano 1.5 marks the end of the Byron development phase as project Shelley makes its way through the door.

This is an important milestone for Cardano that allows for proper consensus protocol transition from Ouroboros BFT to Genesis designed for Shelley. But the question that needs to be asked is, will this upgrade of the project lead to good growth for ADA?

A focus on quality

What has become evident in terms of cryptocurrency investing, especially with altcoin projects, is that there have been positive reactions to good news, as well as positive advancements in the projects.

One clear proponent of that is Binance Coin. The native token of Binance is flying in the first quarter of 2019 thanks mostly to the fact that Binance, as an exchange, is performing well and advancing its own work in a positive manner.

There have been boosts for tokens such as Litecoin and EOS as they have posted good news about their own adoption and advancement as projects, and now, with Cardano doing the same, the positivity is having an effect.

Good growth in a red market

In general, the cryptocurrency market has been trading mostly flat, with some incremental growth over the last seven days. However, today marks a day of mostly red numbers, although they are predominantly small losses.

ADA is, however, up 2.5 percent, and looking across the last seven days there has been steady growth – the kind of growth one expects from good work within the project rather than just speculative investing.

Cardano charts

 

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Vera Thornpike

XRP Price Prediction: $0.36 Value for 12% Profit. Prepare Your Money, Traders!

πŸ“ˆπŸ“‰XRP short-term price prediction: $0.36 Value Is Expected. How much will XRP cost in March?πŸ€” TradingView users give their opinion🌟
XRP Price Prediction: $0.36 Value for 12% Profit. Prepare Your Money, Traders!
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Although it managed to survive through the crypto winter, XRP still cannot recover from the shock – its price continues ranging within $0.3-04. The crypto community has all eyes on it: when will the long-awaited breakout occur? Let’s ask tradingview users – they should know the answer.

Ripple is to push $0.36 – 12% profit is expected

We might witness 12% rise for Ripple

Ripple (XRP) price chart from crptonoob

XRP is currently in ascending channel moving upwards and bouncing off trend support and resistance lines. This is also an area to watch for likely larger breakouts as we move closer to Singapore Blockchain Summit. Thus, we can expect XRP to reach $0.36 pretty soon. If it manages to reach this threshold, traders might enjoy 12% profit.

This is a rare kind of accumulation

Ripple sees calm before the storm

Ripple (XRP) price chart from CryptoManiac101

Analyzing Ripple’s performance, user CryptoManiac101 has realized that the XRP price behavior we are observing now might be the precursor of major growth. Back in 2017, Ripple had also been growing by 1-2 cents before the traders saw a 38,000% increase in value.

But when is a breakout to happen? 

β€œAs you see from my XRP TA analysis below, we should be very close to it, probably, days away. We have seen likely golden cross on 7H chart, we also see major 15 Month pattern which is coming to completion and has actually already completed on few other charts I did earlier and that breakout came with sideways accumulation. Well is that good news or no? With being unable to provide a 100% certain answer to this question all I can say is that I am leaning more bullish vs bearish.”

With Singapore Blockchain Summit and other events, that seems to be a real possibility. Besides, Ripple’s new achievements might accelerate the process.

XRP is to ripple

Look at the Bullish Reversal Pattern – it’s a good sign

Ripple (XRP) price chart from YMula

According to user YMula, the XRP price chart shows a clear Bullish Reversal Pattern, accumulating this range won't last too much longer. Maybe we’ll see XRP break out in March?

Ripple should stay above $0.315 to reach new heights

Won’t Ripple dive below $0.315 value?

Ripple (XRP) price chart from coinkilavuz

Isn’t XRP’s bullish trend at risk? What does coinkilavuz say? According to him, XRP should stay above $0.315 in order to reach $0.332 and higher levels. Up to the moment, Ripple is keeping away from this level.

For XRP, this period appeared to be harder than everyone expected. However, traders don't lose hope – it might break the resistance soon. There are great chances XRP will grow by 10% this month.

XRP/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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