Cardano pays out strike rewards to participants
Cardano (ADA) is the 11th largest digital asset with the current market capitalization of $ 1.73 billion or $ 2.9 billion according to data provided by CoinMarketCap. At the time of writing, the ADA / USD is changing hands at $ 0.1119, virtually unchanged both day to day and since the start of Thursday. ADA’s daily trading volume is recorded at $ 300 million, in line with the long-term average.
Cardano pays strike rewards
On Sunday, August 23, Cardano holders received their first staking rewards after upgrading the mainnet to Shelley, which enabled the staking feature.
Aparna Jue, Cardano Product Manager at IOHK, commented:
We could not have asked for a better response from the community, who jumped into mining stake pools and made blocks reliably. This is illustrated by the 1,138 currently active betting pools, which is around the desired balance for the network.
Cardano founder Charles Hoskinson also commented on the event at Periscope on Sunday evening. He wanted to make sure everything was going well.
I just wanted to make sure everyone had what they expected, the staking calculator was accurate if there were any issues. Or if everything was fine.
ADA / USD: the technical table
Meanwhile, the market’s reaction to the same has so far been stifled. The coin is stuck in a narrow range after selling at $ 0.1051 on August 25. From a longer-term perspective, the ADA / USD surpassed $ 0.1554 on July 27 after Shelley’s update. Since then, the price has fallen, although further selling may be limited by the daily SMA100 at $ 0.1060. This barrier stopped the declines earlier this week and could prove to be solid support in the near future. If cleared, bearish momentum could gain ground with the next focus on $ 0.0900 and $ 0.0750 (Daily SMA200).
On the upside, critical resistance is created by a combination of the daily SMA50 at $ 0.1325 and the midline of the daily Bollinger Band.