Cardano Price Prediction – $698 Million Traded Yesterday – ADA Going All the Way to $0.41?
Cardano price continues to wallow in heightened volatility ascribing to the decision by the Federal Open Market Committee (FOMC) to hike interest rates by another 0.75%. As discussed on Wednesday, ADA stretched its leg further down and tested support at $0.3810. The smart contracts token now trades at $0.3910 as traders scan for short-term buy orders to $0.4100. Meet the New Cardano Improvement Proposal The CEO of the Cardano Foundation, Fredrick Gregaard, announced the release of a new Cardano Improvement Proposal (CIP) on Wednesday – referring to it as a key milestone in the network's open-source journey. According to the CEO, a CIP is a conduit that allows the Cardano Community to bring forward new features and collect input from the ecosystem on issues pertaining to the network. Gregaard added that full transparency is necessary when making informed decisions. Hence, the new CIP requires all participating projects to be enlisted. With the CIP-9999 – ...