Shop Sephari

Assessing Cardano’s potential to inflict a breakout from this pattern
Could SushiSwap [SUSHI] see a bullish run in the weeks to come
Cosmos remains afloat since bear market turmoil- Here’s why
French and Nigerian Central banks to join Hyperledger Foundation
Polyon [MATIC] buyers can deploy this strategy to remain profitable
Will Bitcoin take No.1 spot in this metric after Ethereum Merge
How real is Bitcoin’s [BTC] next bull rally likely to be
Bitcoin mining difficulties may be a good thing for this BTC mining company
ETH vs. BTC: A change of scenario in the futures market has left BTC at #2
Bitcoin [BTC]’s latest surge may not last long and the culprit is none other than…
ETH Merge D-Day- Update yourself with these latest developments
Ethereum: Chalking out ETH’s likely trajectory for the coming week
Should Optimism [OP] holders rejoice with Ethereum’s Merge coming up
ETH miners may go ‘broke’ thanks to the Merge; too late to reconsider? 
ETH vs. BTC: A change of scenario in the futures market has left BTC at #2
Cardano [ADA] developer Adam Dean recently took to Twitter to voice his grievances related to certain development issues that the altcoin is facing.
As per his tweet dated 18 August, the developer blames a “bug” that “catastrophically” broke the Cardano network.
The network version that was supposed to be “tested and ready” for the hard fork was affected.
Adam further pointed out developers rushing to upgrade on the mainnet as one of the reasons for the network crash. 
🧵 (1/n) It's important to point out today that the #Cardano #Testnet is **catastrophically** broken due to a bug in Cardano Node v 1.35.2. This was the version that we had previously been told was "Tested and Ready" for the Vasil Hardfork. This bug was only discovered…
— Adam Dean (@adamKDean) August 18, 2022

The testnet remains dysfunctional despite the detection of the issue in the chain. And the chain is dysfunctional since most operators updated to v1.35.2 in order to mimic the Vasil hardfork combinator (HFC) event.
Furthermore, the current version (v1.35.3) is now incompatible and incapable of syncing with the chain. This issue could result in another delay in the Vasil hardfork announcement.
However, this may not be the only major red flag for the Cardano community as metrics too paint a gloomy picture for the altcoin.
In addition to the aforementioned information, ADA’s market cap seems to be a major red flag at the moment. As of 18 August, ADA’s market cap stood at $18.3 billion.
However, in the last 24 hours, its market cap dropped significantly and stood at $15.73 billion at press time.
Furthermore, at the time of writing, ADA stood at $0.46 and was approximately 14% down in the last 24 hours.
The Relative Strength Index (RSI) too appeared to be in freefall. And, it stood near the 40 mark indicating a movement towards the oversold zone. The Awesome Oscillator (AO), although above the zero line, flashed red bars at the time of writing.
Source: TradingView
The information presented in the Tweet could be one to damage the hype around Cardano.
Despite past assurances from Charles Hoskinson surrounding the Vasil Fork, things seem far from reversal for the altcoin in the near future.
The already-existing confusion around the hardfork has reached new heights in light of the recent events leaving investors and traders in a position of uncertainty.

The Ethereum Merge may be eco-friendly, but is it miner-friendly
SOL investors can look out for these support levels to avoid losses
Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot’s writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S – There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/
Assessing Cardano’s potential to inflict a breakout from this pattern
Cardano [ADA] stands below XRP by market cap, but daily gains state otherwise
Cardano founder has some interesting views as Vasil stands 2 weeks away
Cardano may be ready for a bull-run, but will ADA share the common goal 
Cardano: Latest Vasil fork enhancements has ADA holders feeling like…
Bitcoin loses key dominance support in 4 years, but here’s the catch
Your email address will not be published.

Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.


Shop Sephari

Leave a Reply