{"id":265213,"date":"2022-10-20T00:00:31","date_gmt":"2022-10-19T18:30:31","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=265213"},"modified":"2022-10-19T17:05:05","modified_gmt":"2022-10-19T11:35:05","slug":"adas-latest-development-may-be-evidence-that-it-would-stop-at-nothing-in-2022","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/adas-latest-development-may-be-evidence-that-it-would-stop-at-nothing-in-2022\/","title":{"rendered":"ADA&#8217;s latest development may be evidence that it would stop at nothing in 2022"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The <\/span><a href=\"http:\/\/ambcrypto.com\/cardano-foundation-announces-coinfirm-partnership-to-enhance-security-of-crypto\/\"><span style=\"font-weight: 400;\">Cardano Foundation<\/span><\/a><span style=\"font-weight: 400;\"> may be giving a sneak-peak into what&#8217;s next for the <\/span><a href=\"http:\/\/ambcrypto.com\/cardano-ada-price-prediction-3\/\"><span style=\"font-weight: 400;\">blockchain<\/span><\/a><span style=\"font-weight: 400;\"> only a few weeks after the successful rollout of the <\/span><a href=\"http:\/\/ambcrypto.com\/what-does-post-vasil-cardano-ada-share-with-post-merge-eth\/\"><span style=\"font-weight: 400;\">Vasil hard fork<\/span><\/a><span style=\"font-weight: 400;\">. The Cardano Foundation, on 18 October, <\/span><a href=\"https:\/\/twitter.com\/Cardano_CF\/status\/1582413706511933440\"><span style=\"font-weight: 400;\">tweeted<\/span><\/a><span style=\"font-weight: 400;\"> about Cardano Ballot. This is a decentralized application (dApp) for voting that is in the works.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although the dApp is being developed for the Cardno Summit, there are subliminal indications that it may have a wider scope.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcd7NEW BLOG: The Cardano Ballot: developing a decentralized voting app <br \/>Our Metadata Tools team built an app to enable everyone to vote for Summit speaker and award nominees. <br \/>Read about their journey\ud83d\udc47<a href=\"https:\/\/t.co\/LBv8gkzFdK\">https:\/\/t.co\/LBv8gkzFdK<\/a><a href=\"https:\/\/twitter.com\/hashtag\/CardanoSummit2022?src=hash&amp;ref_src=twsrc%5Etfw\">#CardanoSummit2022<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BuildingOnCardano?src=hash&amp;ref_src=twsrc%5Etfw\">#BuildingOnCardano<\/a><\/p>\n<p>&mdash; Cardano Foundation (@Cardano_CF) <a href=\"https:\/\/twitter.com\/Cardano_CF\/status\/1582413706511933440?ref_src=twsrc%5Etfw\">October 18, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>______________________________________________________________________________________<\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Here\u2019s AMBCrypto\u2019s <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/cardano-price-prediction\"><span style=\"font-weight: 400;\">Price Prediction for Cardano(ADA<\/span><\/a><span style=\"font-weight: 400;\">) for 2022-2023<\/span><\/p>\n<p><span style=\"font-weight: 400;\">______________________________________________________________________________________<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, the ADA team has made plays that stretch beyond the summit. With additional advancements and enhancements, the voting app may become popular outside the ecosystem.<\/span><\/p>\n<h3><b>More to come\u2026<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Apart from the aforementioned update, Cardano&#8217;s NFT area also appeared to be gradually making an impression. Stockwits, data and discovery platform, <\/span><a href=\"https:\/\/twitter.com\/StocktwitsNFTs\/status\/1582060708480499715\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> that the Cardano entered the top three NFT chains. <\/span>Furthermore, as per opencnft <a href=\"https:\/\/opencnft.io\/market-overview\">data<\/a>, over a million NFTs were traded in the last 24 hours. To add to it, over 2.6 million ADA stood as the trade volume figure.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The daily NFT market update is a wild one today\ud83d\udc40<\/p>\n<p>\ud83d\ude80Cardano breaking into the top 3 with <a href=\"https:\/\/twitter.com\/the_ape_society?ref_src=twsrc%5Etfw\">@the_ape_society<\/a> @DerpBirdsNFT <a href=\"https:\/\/twitter.com\/claymates?ref_src=twsrc%5Etfw\">@claymates<\/a> leading the way!<br \/>\ud83d\udc02Hedera gets on the left side of the chart for the first time as <a href=\"https:\/\/twitter.com\/HangryBarboons?ref_src=twsrc%5Etfw\">@HangryBarboons<\/a> does 2m HBAR volume!<br \/>\ud83e\udd8e <a href=\"https:\/\/twitter.com\/Gekofam?ref_src=twsrc%5Etfw\">@Gekofam<\/a> back on top! <a href=\"https:\/\/t.co\/6FczXG3yPE\">pic.twitter.com\/6FczXG3yPE<\/a><\/p>\n<p>&mdash; Chain Gab (@ChainGab) <a href=\"https:\/\/twitter.com\/ChainGab\/status\/1582060708480499715?ref_src=twsrc%5Etfw\">October 17, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Cardano surpassed Immutable X in NFT trading volume, at $968,000. It ranked third, behind <a href=\"http:\/\/ambcrypto.com\/category\/ethereum-news\/\">Ethereum [ETH]<\/a> and Solana [SOL]. The Ape Society, Spacebudz, Claynation by Claymates, and Derp Apes were among the most prominent NFT platforms that spearheaded this rally on the Cardano chain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Santiment, the average number of daily active addresses stood at around 47,000, significantly down from its peak of 154,000 seen in May. A slight decline could be observed but that may have been due to broader market conditions more than a lack of activity or interest in the chain itself.<\/span><\/p>\n<figure id=\"attachment_265219\" aria-describedby=\"caption-attachment-265219\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.41-19-Oct-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-265219\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.41-19-Oct-2022.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.41-19-Oct-2022.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.41-19-Oct-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.41-19-Oct-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.41-19-Oct-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.41-19-Oct-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.41-19-Oct-2022-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-265219\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3>There is more to come<\/h3>\n<p><span style=\"font-weight: 400;\">It was also noted that the development activity indicator was greater than 70. However the dev activity graph showed a declining tendency, which wasn&#8217;t its best. But the current state was still indicative of developers working on the platform.\u00a0<\/span><\/p>\n<figure id=\"attachment_265222\" aria-describedby=\"caption-attachment-265222\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.47-19-Oct-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-265222\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.47-19-Oct-2022.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.47-19-Oct-2022.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.47-19-Oct-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.47-19-Oct-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.47-19-Oct-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.47-19-Oct-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-10.45.47-19-Oct-2022-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-265222\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">When looking at the daily timeframe, it was clear that the price of ADA was experiencing a downward trend. A new support line looked to be growing beneath the old one, which had been broken. The initial support line was around $0.415 and $0.384, but it dropped to around $0.357 and $0.351.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, ADA was trading at roughly $0.35, marking a decrease of nearly 40% from its August high. The Relative Strength Index (RSI) was well into the oversold territory. This indicated that ADA was undergoing a severe bear run. Investors should brace for a pullback, which could potentially push prices above the yellow short Moving Average line.<\/span><\/p>\n<figure id=\"attachment_265223\" aria-describedby=\"caption-attachment-265223\" style=\"width: 1791px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-19_10-47-57.png\"><img decoding=\"async\" class=\"size-full wp-image-265223\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-19_10-47-57.png\" alt=\"\" width=\"1791\" height=\"724\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-19_10-47-57.png 1791w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-19_10-47-57-300x121.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-19_10-47-57-1024x414.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-19_10-47-57-768x310.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/ADAUSD_2022-10-19_10-47-57-1536x621.png 1536w\" sizes=\"(max-width: 1791px) 100vw, 1791px\" \/><\/a><figcaption id=\"caption-attachment-265223\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cardano Foundation may be giving a sneak-peak into what&#8217;s next for the blockchain only a few weeks after the successful rollout of the Vasil hard fork. The Cardano Foundation, on 18 October, tweeted about Cardano Ballot. This is a decentralized application (dApp) for voting that is in the works.\u00a0 Although the dApp is being<a href=\"https:\/\/ambcrypto.com\/adas-latest-development-may-be-evidence-that-it-would-stop-at-nothing-in-2022\/\">Continue reading <span class=\"sr-only\">&#8220;ADA&#8217;s latest development may be evidence that it would stop at nothing in 2022&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":265240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-265213","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ADA&#039;s latest development may be evidence that it would stop at nothing in 2022 - 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