Astonishing Crypto Resurgence: Cardano Defies the Doomy Death Cross!

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Well, old bean, it appears that Cardano (ADA) has taken a turn at defying the very laws of gloomy arithmetic! In a twist as unexpected as a misplaced bowler hat at a garden party, our dear ADA has soared ahead despite that dreadfully ominous “death cross” making its uninvited appearance. For those unacquainted, this is when the 50-day moving average, in a fit of pique, slips below the 200-day marker, like Jeeves misplacing the silverware. 😏

One would think the appearance of such a portent – typically heralding sustained market melancholy – would send investors scurrying like cats at the sound of a cucumber. Instead, Cardano rebounded with the vigour of a country cottager springing out of bed after a night of merriment, leaping upward from Monday’s dismal $0.51 into the stratosphere of an 11% rise! Truly, one must wonder if the crypto gods were having a lark.

At the time our humble scribblers reported, Cardano was waltzing merrily at $0.588, having flirted briefly with a lofty $0.604, leaving technical analysts scratching their heads as if confronted with a particularly perplexing cricket score. 🧐

The market’s inquisitors are casting their scrutinizing eyes at the resistance region between $0.70 and $0.73, while support lurks in the shadowy realms of $0.40 to $0.51. Should ADA maintain this buoyant frolic, it might just overturn the dismal portents of the death cross, setting the bulls into a veritable tizzy and prompting many a droll comment in hushed tones.

Cardano ecosystem continues to grow

Meanwhile, in a series of tweets that would make any modern-day Dorian Gray smile wryly, Cardano’s developer Input Output shared highlights from March. As of March 28, 2025, the Cardano outfit was merrily approaching 2,000 projects – as if hosting a rather grand society ball for blockchain aficionados.

The tally of delegated wallets ascended by 4,000, reaching a respectable 1.328 million. Token policies swelled by 2,578, and native tokens – those digital delicacies – multiplied by an extra 30,000. Not to be outdone, Plutus scripts surged by 2,631, summing up to a neat 129,745, of which 5,909 were the ever-so-chic Aiken scripts.

March also delighted the tech-savvy with the rollout of Lace v.1.21.0 and node v.10.2.1, which introduced a spanking new tracing system and the initial cameo of Ouroboros Genesis – a feature enabling nodes to bootstrap from the network, rather like a butler whisking guests into an impeccably arranged drawing room.

An extensive mainnet examination of Leios was carried out on a realistic 3,000-node network, revealing performance perks that might set even the most stoic of analysts smiling like a mischievous schoolboy. In keeping with the meticulous airs of Voltaire’s improvements, the voting and budgeting processes for Cardano have been refined to a state of near-perfection.

Lastly, our intrepid developers at Input Output announced that they have submitted their 2025 Core Cardano Development Proposal for DRep, committee, and community appraisal. One can only tip one’s hat at such industrious efforts – a true testament to the relentless spirit of progress! 😄

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2025-04-08 14:20