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Hoskinson Starts a Poll on Twitter Regarding a Doge Sidechain

Charles Hoskinson asks his followers their opinion regarding a Doge sidechain.ADA’s price is trading at $0.403 after slipping 3.43% over the last 24 hours.The 4 hour chart...
Hoskinson Starts a Poll on Twitter Regarding a Doge Sidechain Hoskinson Starts a Poll on Twitter Regarding a Doge Sidechain
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  • Charles Hoskinson asks his followers their opinion regarding a Doge sidechain.
  • ADA’s price is trading at $0.403 after slipping 3.43% over the last 24 hours.
  • The 4 hour chart for ADA/USDT is leaning toward bearish.

Charles Hoskinson posted a poll to Twitter over the weekend wherein he asks his followers if the parent company of Cardano, Input Output Hong Kong (IOHK), should “pitch to Twitter a post-quantum ultrafast, and identity enabled doge sidechain of Cardano custom built for social networks”.

The tweet follows after Elon Musk’s acquisition of the social media platform Twitter was successfully completed last week.

Cardano’s native token, ADA, is trading at $0.403 after its price dropped 3.43% over the last 24 hours according to CoinMarketCap. Even though ADA’s price has slipped over the last day, it is still up 12.78% over the last 7 days.

The daily trading volume for ADA has slipped over the last 24 hours as well. At press time, ADA’s daily trading volume has dropped 32.00% as the week kicks off – taking the total down to $580,867,049.

4 hour chart for ADA/USDT (Source: CoinMarketCap)

ADA’s 4 hour chart is slipping towards bearish as the 9 EMA line is looking to cross bearishly below the longer 20 EMA line. In addition to this, the daily RSI line has crossed below the daily RSI SMA line and is sloped negatively towards the oversold territory.

The current support level on ADA’s 4 hour chart is at $0.40. Should this level fail to hold, then ADA’s price is at risk of sinking to the next support level at $0.375.

On the other hand, if ADA’s price is able to close above the 20 EMA line on the next 4 hour close and prevent the bearish EMA cross, then the bearish thesis will be invalidated and ADA will consolidate for the next 8-12 hours.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Hoskinson Starts a Poll on Twitter Regarding a Doge Sidechain appeared first on Coin Edition.

See original on CoinEdition

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

GBP/USD

1.2624

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

USD/JPY

151.38

0.01 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

AUD/USD

0.6522

+0.0007 (+0.11%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (3)

USD/CAD

1.3543

+0.0006 (+0.04%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (1)

EUR/JPY

163.37

+0.12 (+0.07%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (8)

EUR/CHF

0.9738

+0.0010 (+0.10%)

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↑ Buy

Moving Avg:

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Buy (7)

Sell (2)

Gold Futures

2,254.80

42.10 (1.90%)

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Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (0)

Silver Futures

25.100

+0.002 (+0.01%)

Summary

↑ Buy

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Buy (12)

Sell (0)

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Buy (8)

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Copper Futures

4.0115

-0.0003 (-0.01%)

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↑ Buy

Moving Avg:

Buy (11)

Sell (1)

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Buy (7)

Sell (0)

Crude Oil WTI Futures

83.11

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↑ Buy

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Buy (8)

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Brent Oil Futures

86.99

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Neutral

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Natural Gas Futures

1.752

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US Coffee C Futures

188.53

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↑ Sell

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Buy (0)

Sell (9)

Euro Stoxx 50

5,082.85

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↑ Sell

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Sell (12)

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Buy (2)

Sell (6)

S&P 500

5,254.35

+5.86 (+0.11%)

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Moving Avg:

Buy (1)

Sell (11)

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Buy (3)

Sell (8)

DAX

18,504.51

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↑ Buy

Moving Avg:

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FTSE 100

7,952.62

+20.64 (+0.26%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

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Buy (0)

Sell (10)

Hang Seng

16,541.42

0.00 (0.00%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (1)

US Small Cap 2000

2,120.15

+5.80 (+0.27%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

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Buy (5)

Sell (4)

IBEX 35

11,074.60

-36.70 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

BASF SE NA O.N.

52.930

-0.320 (-0.60%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

28.43

+0.01 (+0.04%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

277.80

+0.35 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (9)

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Adidas AG

207.00

+2.30 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Lufthansa AG

7.281

+0.104 (+1.45%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (6)

Siemens AG Class N

176.96

+0.04 (+0.02%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Deutsche Bank AG

14.582

-0.030 (-0.21%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

Buy (7)

Sell (1)

    EUR/USD 1.0793 Sell  
    GBP/USD 1.2624 Sell  
    USD/JPY 151.38 ↑ Buy  
    AUD/USD 0.6522 Sell  
    USD/CAD 1.3543 Buy  
    EUR/JPY 163.37 ↑ Sell  
    EUR/CHF 0.9738 ↑ Buy  
    Gold 2,254.80 Buy  
    Silver 25.100 ↑ Buy  
    Copper 4.0115 ↑ Buy  
    Crude Oil WTI 83.11 ↑ Buy  
    Brent Oil 86.99 Neutral  
    Natural Gas 1.752 ↑ Sell  
    US Coffee C 188.53 ↑ Sell  
    Euro Stoxx 50 5,082.85 ↑ Sell  
    S&P 500 5,254.35 ↑ Sell  
    DAX 18,504.51 ↑ Buy  
    FTSE 100 7,952.62 ↑ Sell  
    Hang Seng 16,541.42 Neutral  
    Small Cap 2000 2,120.15 Neutral  
    IBEX 35 11,074.60 ↑ Sell  
    BASF 52.930 ↑ Buy  
    Bayer 28.43 Buy  
    Allianz 277.80 ↑ Buy  
    Adidas 207.00 ↑ Buy  
    Lufthansa 7.281 ↑ Sell  
    Siemens AG 176.96 ↑ Buy  
    Deutsche Bank AG 14.582 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(7,910/ 8,080) # 1,364
SJC HCM7,830/ 8,080
(0/ 0) # 1,364
SJC Hanoi7,830/ 8,082
(0/ 0) # 1,366
SJC Danang7,830/ 8,082
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SJC Nhatrang7,830/ 8,082
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Ngoại tệMua vàoBán ra
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EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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