{"id":140329,"date":"2023-06-05T10:26:07","date_gmt":"2023-06-05T10:26:07","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=140329"},"modified":"2023-06-14T09:01:30","modified_gmt":"2023-06-14T09:01:30","slug":"cardano-range-below-0-38-marlowe-release","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/cardano-range-below-0-38-marlowe-release\/","title":{"rendered":"Cardano (ADA) Trades in Range Below $0.38 Despite Marlowe Release"},"content":{"rendered":"
Cardano (ADA)<\/a> prices are about 10% higher from May 2023 lows, looking at the performance in the daily chart. <\/strong><\/p>\n Even though trading volumes are relatively low, at least from the recent bull bars, the rejection of lower prices in the past few days is a net positive. <\/strong><\/p>\n Traders should look for a trigger that pushes ADA prices above $0.38 for bull signals to load. It will be especially so if that breakout bar has high participation, suggesting support from buyers.<\/p>\n Conversely, ADA could continue in its bear trend if there are losses below $0.35, May 2023 low.<\/p>\n ADA prices are supported, thanks in part to the continuous development in Cardano. At the current stage, Basho, the platform aims to scale on-chain while enhancing performance. A big part lies in refining smart contracts capability, a feature added in the last phase, Goguen.<\/p>\n Recently, IOG, the developer of Cardano, announced the release of Marlowe on the mainnet.<\/strong> Marlowe offers users tools and domain-specific language (DSL) to develop efficient smart contracts.<\/p>\n Marlowe goes live: be the first to explore the power of #Marlowe<\/a>'s smart contract toolset.<\/p>\n Now that Marlowe has been audited & deployed to the #Cardano<\/a> mainnet, early adopters can begin exploring and testing Marlowe's high-assurance capabilities.\ud83d\udc47 https:\/\/t.co\/nX1wyUZCLN<\/a><\/p>\n — Input Output (@InputOutputHK) June 1, 2023<\/a><\/p><\/blockquote>\nMarlow is Live on Mainnet<\/h2>\n
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