Cardano Stumbles as Ledger Releases Upgrade to Accommodate Smart Contract for ADA Holders
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The Ledger Cardano app has seen an upgrade to version 4.0.0, which would allow for smart contract functionalities. The official Ledger Twitter handle tweeted yesterday:
“Attention #Cardano #ADA users! v.4.0.0 of the Cardano app is now available for download in Ledger Live. The app is compatible with smart contracts. Cardano DeFi + Ledger = Onwards!”
This update comes several months after the blockchain company upgraded its network to include smart contracts capabilities to attract more developers and network users. With the latest update, the Ledger app has caught up with the Cardano Alonzo upgrade from September 12, 2021, to provide its users with much-needed access to the latest ADA network features.
That said, Ledger users can now sign smart contracts from the Cardano app and carry out other interesting features.
To upgrade to the latest app, users first have to update their Ledger wallet firmware and install the Ledger Live App on their devices.
Cardano founder and Input-Output Global (IOG) CEO Charles Hoskinson took to his Twitter to celebrate the latest Ledger development, noting: “Moving the chains. Great work ledger.”
Key Cardano Levels to Watch — April 27
ADA refreshed its April low yesterday after slumping to the $0.817 low, following a botched retest of the $0.900 barrier. With the progression of things in the broader market, we could see a bearish continuation to the $0.800 base in the coming days.
We have recorded a total breakdown of almost all bullish safeguards as bears dominate through April, a historically bullish month.
Regardless, ADA needs to return above the $0.900 barrier in the near term to negate the aggressive bearish trajectory and gather momentum to retake the critical $1.050 level.
Meanwhile, our resistance levels are $0.900, $1.000, and $1.050, and our support levels are $0.800, $0.700, and $0.600.
Total Market Capitalization: $1.78 trillion
Cardano Market Capitalization: $28.4 billion
Cardano Dominance: 1.58%
Market Rank: #9
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