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dApps and Javascript developer commends Haskell-based Plutus; Cardano {ADA} cements its position


Cardano is ranked at #11 under Monero but ahead of Stellar and LEO in the market. The price surged at a rate of 1.35% in the course of the past 24-hours. The trading volume recorded is $37.895 million, whereas the supply has 25,927,070,538 ADA coins involved in circulation. As of this moment, the total market cap of Cardano is $1.171 billion. ADA is priced at $0.045173.

According to the data obtained from the candlestick chart for the ADA/USD pair on tradingview, bearish momentum is affecting the climb of this altcoin. The MACD line has lingered north of the signal line post-18th August. Initial support can be found near $0.04319, and resistance level lies at $0.05243.

Today’s peak for the Awesome Oscillator has been brown and under the zero line [Awesome Oscillator]. The ones before have been green. The daily RSI is about to reach 41. Cardano has recorded stagnated movement in the course of the past two weeks.

Eric Elliott was recently interviewed by Inside Bitcoin. When questioned about languages tied to dApp development, Eric praised the “Haskell-based Plutus language”. This was designed according to guidelines set by IOHK but hasn’t been implemented fully on the mainnet. Hence there has been little to no response from members of the community.

Eric spoke of how Solidity has garnered traction ever since the arrival of Ethereum. But this language has proven to be problematic for many developers, and the limitations need to be addressed. Elliot also mentioned the arrival of Rust [a language which plays a role in the Cosmos ecosystem too].

Sebastien Guillemot shared a Progress Update via Youtube yesterday. Take a look:

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