{"id":321953,"date":"2023-06-21T07:00:28","date_gmt":"2023-06-21T01:30:28","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=321953"},"modified":"2023-06-21T11:22:04","modified_gmt":"2023-06-21T05:52:04","slug":"cardano-releases-node-8-1-1-heres-why-you-should-care","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cardano-releases-node-8-1-1-heres-why-you-should-care\/","title":{"rendered":"Cardano&#8217;s Node 8.1.1 &#8211; Here&#8217;s why you should care"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Thanks to the Node 8.1.1 update, Cardano\u2019s development activity remained high.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">ADA\u2019s price chart was red, but a few metrics and market indicators looked bullish.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Cardano [ADA]<\/span><span style=\"font-weight: 400;\"> has pushed a new update, which brought changes and improvements to the network. The new update, titled Node 8.1,1, resulted in Cardano&#8217;s development activity seeing an uptrend during the last seven days.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are<\/span> <span style=\"font-weight: 400;\">1,10,100 ADAs worth today<\/span><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">However, the update did not impact ADA\u2019s price, as its weekly and daily charts remained red. But investors should not worry, as a key ADA metric turned bullish, suggesting a trend reversal in the coming days.\u00a0<\/span><\/p>\n<h3><strong>Cardano\u2019s development activity remains high<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">As per the GitHub announcement, Node 8.1.1 is mainnet ready. The update improves node performance at the epoch boundary and corrects previous concerns with P2P\/DNS. Additionally, it also contains all the performance improvements from 8.0.0.<\/span><\/p>\n<p>https:\/\/twitter.com\/RichardMcCrackn\/status\/1670872681003073536?s=20<\/p>\n<p><span style=\"font-weight: 400;\">This new update was reflected on Cardano\u2019s on-chain metrics. As per Santiment\u2019s data,<\/span> <a href=\"http:\/\/ambcrypto.com\/cardano-range-extension-below-0-3-on-the-cards\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ADA<\/span><\/a><span style=\"font-weight: 400;\">\u2019s development activity surged substantially last week, displaying the efforts made by developers to improve the network.\u00a0<\/span><\/p>\n<figure id=\"attachment_321954\" aria-describedby=\"caption-attachment-321954\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.02.49-20-Jun-2023.png\"><img decoding=\"async\" class=\"wp-image-321954 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.02.49-20-Jun-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.02.49-20-Jun-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.02.49-20-Jun-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.02.49-20-Jun-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.02.49-20-Jun-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.02.49-20-Jun-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.02.49-20-Jun-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-321954\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A look at Santiment\u2019s chart revealed that investors\u2019 confidence in Cardano increased over the last week. This was evident from the rise in its weighted sentiment. Additionally, ADA also became a topic of discussion in the crypto community as its social volume surged.<\/span><\/p>\n<figure id=\"attachment_321955\" aria-describedby=\"caption-attachment-321955\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.18.49-20-Jun-2023.png\"><img decoding=\"async\" class=\"wp-image-321955 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.18.49-20-Jun-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.18.49-20-Jun-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.18.49-20-Jun-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.18.49-20-Jun-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.18.49-20-Jun-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.18.49-20-Jun-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.18.49-20-Jun-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-321955\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3><strong>ADA\u2019s chart did not reflect achievements\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">However, at press time, the aforementioned positive updates did not impact ADA\u2019s price, as its daily and weekly charts remained red. As per<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\"> <span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, ADA was down by over 8% in the last seven days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, it was trading at $0.2599, with a market capitalization of more than $9 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, the scenario might soon change as CryptoQuant\u2019s<\/span> <a href=\"https:\/\/cryptoquant.com\/asset\/ada\/summary\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed that ADA\u2019s Relative Strength Index (RSI) was in an oversold position, which was bullish. Its MVRV Ratio improved slightly over the last week.\u00a0 <\/span><span style=\"font-weight: 400;\">Whale activity was also high, as evident from<\/span> <a href=\"http:\/\/ambcrypto.com\/cardano-shines-despite-volatility-what-about-ada\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ADA<\/span><\/a><span style=\"font-weight: 400;\">\u2019s stable whale transaction count. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, its funding rate was red. The price generally moves the other way than the funding rate, giving hope for a price uptick.\u00a0<\/span><\/p>\n<figure id=\"attachment_321956\" aria-describedby=\"caption-attachment-321956\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.24.25-20-Jun-2023.png\"><img decoding=\"async\" class=\"wp-image-321956 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.24.25-20-Jun-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.24.25-20-Jun-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.24.25-20-Jun-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.24.25-20-Jun-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.24.25-20-Jun-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.24.25-20-Jun-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Cardano-ADA-18.24.25-20-Jun-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-321956\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read<\/span> <a href=\"http:\/\/ambcrypto.com\/predictions\/cardano-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Cardano\u2019s [ADA] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-24<\/span><\/p>\n<hr \/>\n<h3><strong>Bulls to take over the market soon?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">ADA\u2019s MACD displayed the possibility of a bullish crossover, which meant that the possibility of a northbound price movement could not be ruled out. Nonetheless,<\/span><a href=\"http:\/\/ambcrypto.com\/asia-offers-hope-to-solana-and-cardano-amidst-sec-scrutiny\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">ADA<\/span><\/a><span style=\"font-weight: 400;\">\u2019s Exponential Moving Average (EMA) Ribbon continued to support the bears as the 20-day EMA was below the 55-day EMA. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its Chaikin Money Flow (CMF) also took a sideways path, which could restrict an unprecedented price surge in the near term.\u00a0<\/span><\/p>\n<figure id=\"attachment_321957\" aria-describedby=\"caption-attachment-321957\" style=\"width: 1815px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/ADAUSDT_2023-06-20_18-26-41.png\"><img decoding=\"async\" class=\"wp-image-321957 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/ADAUSDT_2023-06-20_18-26-41.png\" alt=\"\" width=\"1815\" height=\"778\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/ADAUSDT_2023-06-20_18-26-41.png 1815w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/ADAUSDT_2023-06-20_18-26-41-300x129.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/ADAUSDT_2023-06-20_18-26-41-1024x439.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/ADAUSDT_2023-06-20_18-26-41-768x329.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/ADAUSDT_2023-06-20_18-26-41-1536x658.png 1536w\" sizes=\"(max-width: 1815px) 100vw, 1815px\" \/><\/a><figcaption id=\"caption-attachment-321957\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Cardano recently released its Node 8.1.1 update, which improves node performance at the epoch boundary and corrects previous concerns with P2P\/DNS.<\/p>\n","protected":false},"author":75,"featured_media":321958,"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-321953","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) - 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