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Author Topic: Cardano coin price impact in this bull run?  (Read 66 times)
rinkidas14 (OP)
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December 04, 2020, 01:48:54 PM
 #1

IOHK, the blockchain development company behind the Cardano blockchain has recently announced that they have successfully implemented a change to the blockchain, raising its k parameter from 150 to 500 on Dec. 6
I think it's a big news for ADA coin & this coin price is impact 0.16$ to 0.29$, it's my personal opinion
  For more information you can check the ada twitter handle: https://twitter.com/IOHKMedia/status/1334565577956921344?s=19
    For more & more information you can check it: https://blockchain.news/news/cardano-k-parameter-implemented-trigger-ada-price-rally

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December 04, 2020, 02:12:33 PM
 #2

The main thing that gives a huge impact to the ADA's price should be bitcoin. Ethereum 2.0 will not be a successful to attract the more users if bitcoin is not getting a bullish trend. it's not only ADA but almost all of top 10 coins were getting affected by bitcoin too. That means the main reason was bitcoin. These days people are rushing to buy the coins caused by they didn't wanna miss the bullrun again.
The development progress of ADA didn't give a significant impact to the price.

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December 06, 2020, 08:27:24 PM
 #3

The main thing that gives a huge impact to the ADA's price should be bitcoin. Ethereum 2.0 will not be a successful to attract the more users if bitcoin is not getting a bullish trend. it's not only ADA but almost all of top 10 coins were getting affected by bitcoin too. That means the main reason was bitcoin. These days people are rushing to buy the coins caused by they didn't wanna miss the bullrun again.
The development progress of ADA didn't give a significant impact to the price.

maybe you're right about that, but if a good news coming to cardano, i believe the news will push the price up too my friend
because good news means new demands coming, and for sure thats will push the price up buddy


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December 06, 2020, 08:50:23 PM
 #4

IOHK, the blockchain development company behind the Cardano blockchain has recently announced that they have successfully implemented a change to the blockchain, raising its k parameter from 150 to 500 on Dec. 6
I think it's a big news for ADA coin & this coin price is impact 0.16$ to 0.29$, it's my personal opinion
  For more information you can check the ada twitter handle: https://twitter.com/IOHKMedia/status/1334565577956921344?s=19
    For more & more information you can check it: https://blockchain.news/news/cardano-k-parameter-implemented-trigger-ada-price-rally


I have always liked and followed ada but the price has been struggling to break above in real sense because personally i think that its value should be $1 per ada atleast but still im hopeful that the bull season would take its price to massive heights that is why i will keep holding my ada bags.

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December 06, 2020, 09:00:42 PM
 #5

The main thing that gives a huge impact to the ADA's price should be bitcoin. Ethereum 2.0 will not be a successful to attract the more users if bitcoin is not getting a bullish trend. it's not only ADA but almost all of top 10 coins were getting affected by bitcoin too. That means the main reason was bitcoin. These days people are rushing to buy the coins caused by they didn't wanna miss the bullrun again.
The development progress of ADA didn't give a significant impact to the price.

maybe you're right about that, but if a good news coming to cardano, i believe the news will push the price up too my friend
because good news means new demands coming, and for sure thats will push the price up buddy

Combination of those factors that influences the price rise of ADA. If there will be no active development even if btc is bullish, I don't think we will see a significant increase on their price. If the ADA team will continue shoving their updates, 50 cents will be easy to reach in the next coming months. They need to take advantage of the bullish market.
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December 06, 2020, 09:18:00 PM
 #6


The impact will be good as long as there will be progress. They are also going to move to k=1,000 by March 2021. If the ETH 2.0 will not solve the congestion of the network and the gas transaction will keep on rising, there could be a gradual increase of ERC tokens moving to ADA as what they have speculated. ADA had planned it earlier to have a platform where they make it easy for developers to migrate.
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December 06, 2020, 10:34:12 PM
 #7

Reportedly Cardano will do a hard fork,
of course this will make Cardano's price bullish again, although now the ADA price is still not showing good signals,
but there is a chance to go up another 20%, just buy and hold.
The fork will not eventually create bullish trend but it that will generate a new fork coin and people can consider participating to get the free coin by holding cardano. The same story can happen with ripple too.
I think that you must see that if people have not been talking about ada so much.
It looks like ada will be stable at this moment. I don't expect any bullish trend to happen and ada gives nothing for crypto.

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December 06, 2020, 11:14:17 PM
 #8

I would not be surprised if the price of Cardano has gone up quite a lot, usually any updates about the network or about expansion of partnerships are able to push up the price of the coin, and Cardano has made sure that the network update was worthit.
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December 07, 2020, 03:50:10 AM
 #9

Cardano is a great coin indeed as the team are actively developing the tech. This news great and the price is supposed to increase as well.

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