Cardano: Ledger ADA App Supports Smart Contracts
Investing.com
Published Apr 27, 2022 09:57
Updated Apr 27, 2022 10:19
By Marco Oehrl
Investing.com - Wallet hardware provider Ledger has announced that Cardano app version v.4.0.0 is available in Ledger Live. Among the new functionalities, the app now supports smart contracts.
This is the company's response to the fact that the blockchain has had a smart contract function since the update on 12 September 2021.
After the update to the new Cardano app, users will be able to interact with smart contracts directly from the app. However, the basic requirements are that the firmware of the ledger is updated beforehand.
Cardano founder Charles Hoskinson was very excited about this new development and praised Ledger for its great work.
Cardano technical price markers
However, Cardano did not benefit from this as it was down 5.62% today at 09:15 GMT to $0.8421.
The daily chart shows that the 78.6 percent Fibonacci retracement of the rally from $0.7478 to $1.2439 was broken.
Currently, there is a recovery from the recent low from the area of $0.8172. If it manages to sustainably overcome the $0.8540 level, the recovery can be extended towards the psychological mark of $0.90 and the 61.8 percent Fibonacci retracement of $0.9373.
Otherwise, losses to the start of the previous rally to the level of $0.7478 are imminent.
Get The App
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.