![Despite ‘Valentine Upgrade,’ Cardano [ADA] investors remain dissatisfied](https://i.headtopics.com/images/2023/2/11/cryptoamb/despite-valentine-upgrade-cardano-ada-investors-re-despite-valentine-upgrade-cardano-ada-investors-re-1624235525342126080.webp)
Cardano’s development team announced that the SECP 2022 upgrade would take place on February 14. ADA might not rally despite the themed update. In a discord message sent to the Cardano [ADA] community, developers confirmed that the SECP mainnet upgrade would occur on 14 February. The internal memo was shared on Twitter by Tim Harrison, […]
Details from the shared image showed that Cardano had switched the SCEP name to the “Valentine” upgrade. The SCEP, which was proposed in November 2022, would aim to drive cross-chain development on the Proof-of-Stake blockchain.
In preparation for the event billed to occur at 21:44: UTC, Becky Hopwood, IOHK’s community coordinator, asked Cardano node users to ensure that they had upgraded to the 1.35.5 version.Besides that, information from theshowed that there would be new in-built functions to the Plutus cryptographic system. The communique read,
“These built-in functions will become native to Cardano, and since they will be implemented and audited by experts, they will provide the highest level of security. This will allow any Plutus DApp developer to widen the choice of multi-signature or threshold signature design to use.”However, ADA’s price was in tune with the negative market sentiment, according to CoinMarketCap. As of this writing, the token of the open-source project was trading at $0.365 — 6.
Despite this, the Bollinger Bands derived from the daily chart revealed that ADA was closing in on a contracted volatility status. But the decline resulted in the price hitting the lower band. This condition signified that ADA was oversold.Additionally, indications from the Awesome Oscillator revealed that ADA’s momentum was bearish. So, holders may not get a positive price reaction amid the repeated red bars above.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lido solidifies mastery in DeFi landscape after major upgrade: Details insideLido launched upgrade to improve its protocol. The improvements boosted LDO token performance. Lido [LDO], a protocol in the DeFi ecosystem, has observed significant improvements over the past week. Notably, the protocol took advantage of its press time growth by upgrading its technology. Today Lido contributors are proud to present Lido V2 – Lido’s largest […]
Read more »
Trudeau vows to pass languages bill, despite lingering concerns from Liberal MPsThe Liberal caucus insists it is united on the bill, and denies its own member were delaying its passing.
Read more »
Premier Smith taking her time to consider federal health funding proposal despite pressures | Globalnews.caPremier Smith says she needs time to consider the federal government's proposed health-care funding following meetings with the premiers and Justin Trudeau this week.
Read more »
Interest in crypto remains high despite suspected government crackdown on crypto bankingInterest in crypto remains high despite suspected government crackdown on crypto banking crypto cryptocurrency banking
Read more »
Sun Life CEO sees boost to Asian operations despite a year of COVID lockdownsSun Life CEO is optimistic the insurer’s Asian operations will bounce back even further as Hong Kong’s border with mainland China reopens
Read more »
No harm no foul for ONE holders despite Q4 performanceHarmony struggled as transactions and daily activity declined. New developments and increased volume provided hope for the future. Harmony [ONE], a layer 1 blockchain, faced several challenges in the last quarter, resulting in a decline in its overall transactions and daily activity. According to Messari, the protocol saw a substantial drop in its number of […]
Read more »