EUR/USD 1.17858
0.110%
Gold 5096.86
2.005%
Oil 66.320
-0.480%
USD/JPY 155.059
0.041%
GBP/USD 1.34890
0.196%
GBP/JPY 209.162
0.248%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 22nd - According to foreign media analysis, Nvidia has played a key role in driving the stock market to record highs for years. However, with growing skepticism about artificial intelligence, Wall Street is increasingly worried that the chip giants earnings report next week, regardless of the outcome, will depress its stock price. Nvidias stock price has been trading sideways for months, a significant setback for a company that was recently a leading index performer and achieved triple-digit year-over-year gains. Investors expect Nvidias earnings next week to exceed Wall Street expectations and raise forecasts for the next few quarters. But this may not be enough to boost the stock price. Meanwhile, if Nvidias performance fails to quell investor anxiety about artificial intelligence, it could lead to greater volatility in AI-related stocks and the broader market.February 22 - Libyas state-owned Arabian Gulf Oil Company (AGOCO) announced on Sunday that the Sinawan oil field in the Nalut region of western Libya has resumed production. The field had been shut down for over three years due to financial and technical problems. Under normal operating conditions, the field can produce up to 20,000 barrels of oil per day.February 22 – According to AXIOS, a senior U.S. official said on Sunday that if U.S. negotiators receive a detailed nuclear agreement proposal from Iran within the next 48 hours, they are prepared to hold a new round of talks with Iran in Geneva on Friday. The U.S. official stated that the current diplomatic efforts may be the last chance President Trump is giving Iran before launching a large-scale U.S.-Israel joint military operation (potentially targeting Iranian Supreme Leader Khamenei). The senior U.S. official indicated that the Trump administration is awaiting Irans proposal.U.S. Trade Representative Greer: We will continue the trade investigation so that we can impose tariffs.U.S. Trade Representative Greer: We will explore policy continuity issues after the tariffs imposed under Section 122 expire.

ADA Price Prediction: Bulls Eye $0.410 on Network Upgrade Plans

Cory Russell

Feb 06, 2023 15:40

微信截图_20230206111445.png


Saturday saw a 1.24% decline in ADA. ADA finished the day at $0.399, somewhat erasing a 1.51% gain from the previous day. The handle of $0.400 was visited by ADA for the sixth session running.


ADA dropped to a morning low of $0.398 due to a negative start to the day. Ahead of the First Major Support Level (S1) at $0.397, ADA increased to a high of $0.406 in the early afternoon. The First Major Resistance Level (R1), which is at $0.409, was not reached, hence ADA returned to the session low of $0.398 before closing the day at $0.399.

Silence from IOHK and EMURGO Puts ADA in the Red

There were no network updates to provide context on this quiet Saturday session. Investors are waiting for developments on the scheduled launch of EMURGO's USDA algorithmic stablecoin after last week's COTI launch of DJED.


Investors were left to lock in gains as Input Output HK (IOHK) also went quiet at the beginning of the weekend due to radio silence. The perception of the Cardano network and the predicted rise in ADA use, however, continue to be negative factors.


There will be another Cardano hard fork this month. The implementation of CIP-0049 will make it easier to use other blockchains. The enhanced interoperability will provide programmers a safe environment in which to create cross-chain DApps. A more optimistic pricing prognosis should be supported by the upgrade, which is another improvement.


Investors will be watching for the debut of the USDA stablecoin today, and network updates will give guidance. However, in the absence of network updates, the larger crypto market would be left to determine price direction.


Suggestion