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On August 29th, Huo Fupeng stated that "AI+" is not only a cutting-edge direction in scientific and technological development, but also addresses the real concerns of the people. Currently, AI is increasingly integrated into all aspects of production and life, empowering countless industries and benefiting millions of households. The "AI+" initiative will drive a shift in consumer spending from "whether or not" to "how good." AI will also accelerate its integration with cutting-edge technologies such as the metaverse, low-altitude flight, additive manufacturing, and brain-computer interfaces, as well as product innovation. This will drive the emergence of new products and new forms, continuously unleashing new consumer potential. In the future, as the "AI+" initiative continues to advance, we will see AI not only making work smarter, learning more efficient, life better, and consumption more enriched, but also making "intelligence" an integral part of every familys daily lives, allowing the fruits of science and technology to benefit everyone.The main contract of the Container Shipping Index (European Line) turned from rising to falling, with a daily drop of 2.00% to 1262.9 points.Japans tariff negotiator Ryomasa Akasawa: Will visit the United States as soon as possible after the necessary arrangements are ready.Japanese tariff negotiator Ryomasa Akazawa: Japanese staff are discussing trade issues in the United States.On August 29th, Huo Fupeng, Director of the Innovation-Driven Development Center of the National Development and Reform Commission, stated at a press conference that by 2027, AI will be widely and deeply integrated with six key sectors. The penetration rate of applications such as new-generation intelligent terminals and intelligent agents will exceed 70%, the scale of core industries in the intelligent economy will grow rapidly, the role of AI in public governance will be significantly enhanced, and the open cooperation system for AI will continue to improve. This phase emphasizes achieving breakthrough applications in key areas, and the next one to two years will be a critical window for the implementation of AI.

ADA Price Prediction: Bulls Target Shifts to $0.400 on Network Sentiment

Cory Russell

Jan 16, 2023 15:39

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On Saturday, ADA extended its winning run to seven sessions. The bulls are targeting a recovery to $0.400 on improved network mood and less danger of FTX contagion.


ADA increased on Saturday by 2.02%. On Friday, ADA gained 4.85% and closed the day at $0.353. Notably, ADA extended its winning run to seven sessions and returned to $0.370 for the first time since November 11.


ADA climbed to a mid-morning high of $0.370 after a bullish start to the day before going into reverse. Both the First Major Resistance Level (R1) and the Second Major Resistance Level (R2) were broken by ADA at $0.357 and $0.367, respectively.


After the turnaround, ADA dropped to a low of $0.333 in the late morning. However, ADA retested R1 ($0.357) before easing back, avoiding the First Major Support Level (S1) at $0.330.


Network upgrades, the 2023 timeline, and the IOHK Updates and Easing FTX Contagion provided support for an ADA step toward $0.400. The weekly development report from Input Output HK (IOHK) was provided on Friday, and it revealed a noticeable rise in Plutus scripts and a spike in transactions.

With more wallets holding more than a million ADA this year, the update confirmed the rise in whale behavior.


The upcoming debuts of two algorithmic stablecoins and the expected inflow of new projects into the Cardano network are further positive factors. Numbers for Total Value Locked have also been favorable.


The Cardano Total Value Locked (TVL), according to DeFi Llama, was $71.74 million this morning, up 41.3% year-to-date but down 1.75% over the previous 24 hours. The price of TVL would increase further and support a recovery to $0.400 if the upward trend persisted.

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