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BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections

The
cryptomarket is going through some good times, recovering from the sharp fall
it had during 2018. The recovery of the global marketcap, and the high number
of developments around cryptos and blockchain technologies has led many
analysts to claim that we are close to witnessing not only a stabilization of
the markets but also a bullish trend in the short term.

Of all the crypto currencies on the ecosystem, BTC has always been the reference token, not only for holding the most powerful position in the top 10 but also for having the highest number of users and software developments.

BTC is Having a Great Week

BTC has
experienced a significant price increase. After a period of constant “Bart
Simpsons”, it finally seems that the most important cryptocurrency in the world
broke the 5k resistance. This marks an a crucial milestone as it is a a value
that could not be reached for months.

However, during the last few hours BTC was curiously bullish. The token easily broke the 5.4K to flirt with the 5.6K band. If this trend continues, it could be said that BTC has been bullish for the entire past week, winning between 500 to 600 Dollars per token.

BTC. 30 minute candles. After the big green candle, 5580 has become a new support
Bitcoin (BTC) 1day candles. courtesy Tradingview

Cardano (ADA) Also Shows Some Positive Signs

Another token that has been specially bullish is Cardano (ADA) The project that promises to solve the “blockchain trilemma” experienced a a surge of about 10% in less than 24h, standing at one point almost at $0.08 per token.

One of the reasons for this rise is the positive reaction of the market to the announcement by Charles Hoskinson (head of the project) saying that IOHK managed to close a an association with the Ethiopian government to popularize the use of Cardano in that region.

According to Mr. Hoskinson, thanks to this partnership the Ethiopian authorities, the government will allow its citizens to use ADA to make payments as if it were fiat. Also, residents of Addis Ababa, the capital of the country, will be able to use ADA to pay for public transport services in the city.

Right now, Cardano (ADA) experienced a correction that placed the token back to the support at 0.074 USD. The token then went up again to 0.075 with signs of another possible bullish trend in the short term

Currently the bullish trend seems to be solid in most of the markets. The signs of a trend reversal are not strong enough to be frightened, however it is important to follow the charts, remembering that cryptocurrencies are extremely volatile.

The post BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections appeared first on Ethereum World News.

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Cardano’s (ADA) Sponsored Distributed Futures Research Releases Uses Case

Cardano (ADA) is of the blockchain project driven by research. The fact that the blockchain platform evolved from research and boasts of advanced features than any protocol yet developed, these attest to the scientific philosophical evolution that it claims.

To better make Cardano appear outstanding, Cardano Foundation, the overseer of Cardano invests enormously in research, believing that it will give the blockchain platform the opportunities to stand on the shoulder of giants –scientific researchers and philosophers.

In an announcement today, Cardano foundation declared that the Long Finance’s Distributed Futures research programme, which is sponsored by Cardano Foundation is launching its latest report entitled “Smart Ledgers & Collective Defined Contribution Pensions”.

According to the announcement, the report, which is a work of quality researchers, expatiates how Smart Ledgers could be used in pensions. The research is led by Dr. Con Keating, who is Head of Research at Brighton Rock Group, Associate Professor Iain Clacher of the University of Leeds, and Research Fellow David McKee of the University of Leeds.

Today, followers of trends in technology see Smart Ledgers as the ‘next big thing’ in technology. This technology evolved from a combination of mutual distributed ledgers known as blockchain: multi-organisational databases. It is used for cryptocurrency since 2009.

Smart Ledger comes with embedded programming and sensing, giving it the advantage to combine semi-intelligent with autonomous transactions.

Although, the report would be made public on Wednesday, 25 July, the research stands as the latest use case on Smart Ledger revealed by the joint research.

The statement states that the report aims at providing “an overview of how and where Smart Ledgers could be used in pensions, and in particular how pension schemes could be administered using such technologies.”

“Smart Ledgers are likely to be useful in all forms of pension structure e.g., defined benefit, defined contribution, hybrid schemes, and collective defined contribution.”

The report shows the way in which Smart Ledgers could serve as a platform for pension arrangement.

Cardano has been investing in technology to better its platform. The idea has researchers as its bedrock.

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