{"id":10238,"date":"2025-01-29T09:16:55","date_gmt":"2025-01-29T09:16:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10238"},"modified":"2025-01-29T09:16:55","modified_gmt":"2025-01-29T09:16:55","slug":"binance-freezes-cardano-ada-transactions-temporarily-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10238","title":{"rendered":"Binance Freezes Cardano (ADA) Transactions Temporarily: What You Need to Know"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Binance will support Cardano\u2019s Plomin hard fork upgrade.<\/span><\/li>\n<li>Despite the company\u2019s upcoming temporary suspension of ADA transactions, the asset\u2019s price remains rather unaffected, with mixed analyst predictions on its next move.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BinanceADA_CB.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-380962\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BinanceADA_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BinanceADA_CB.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BinanceADA_CB-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BinanceADA_CB-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BinanceADA_CB-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BinanceADA_CB-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>The Network Upgrade<\/h2>\n<p><span data-preserver-spaces=\"true\">The world\u2019s biggest cryptocurrency exchange <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-will-support-the-cardano-ada-network-upgrade-hard-fork-05eb516371dc42fe9da6a7df18268370\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">announced<\/span><\/a><span data-preserver-spaces=\"true\"> that it will temporarily halt <\/span><span data-preserver-spaces=\"true\">the<\/span><span data-preserver-spaces=\"true\"> deposits and withdrawals <\/span><span data-preserver-spaces=\"true\">of tokens<\/span><span data-preserver-spaces=\"true\"> on the Cardano (ADA) network on January 29.<\/span><span data-preserver-spaces=\"true\"> The effort aims to support its network upgrade and hard fork \u201cto ensure the best user experience.\u201d <\/span><span data-preserver-spaces=\"true\">Token trading will not be impacted<\/span><span data-preserver-spaces=\"true\">, and the company will carry out all technical requirements for users.\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201c<\/span><span data-preserver-spaces=\"true\">Deposits and withdrawals for token(s) on the <\/span><span data-preserver-spaces=\"true\">aforementioned network<\/span><span data-preserver-spaces=\"true\"> will be reopened<\/span><span data-preserver-spaces=\"true\"> once the upgraded network <\/span><span data-preserver-spaces=\"true\">is deemed<\/span> <span data-preserver-spaces=\"true\">to be<\/span><span data-preserver-spaces=\"true\"> stable,\u201d the exchange revealed.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Binance also added that <\/span><span data-preserver-spaces=\"true\">no further announcement on the matter will be posted<\/span><span data-preserver-spaces=\"true\">. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> means clients should take any information they come across <\/span><span data-preserver-spaces=\"true\">on the Internet<\/span><span data-preserver-spaces=\"true\"> with a grain of salt. \u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The development in question refers to the so-called<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.intersectmbo.org\/news\/plomin-hard-fork-ratified\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\"> Plomin hard fork<\/span><\/a><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">which is<\/span><span data-preserver-spaces=\"true\"> the second part of the Chang upgrade to Cardano. It is named in honor of the late Matthew Plomin, a notable contributor to the Cardano community, and marks a pivotal transition towards full decentralized governance under the Voltaire era.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The hard fork introduces a system where ADA holders can actively participate in the network\u2019s decision-making processes and vote directly on protocol updates.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">ADA Price Outlook<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The price of ADA has remained rather steady following Binance\u2019s announcement, trading at approximately $0.94 (per CoinGecko\u2019s data). In the past several weeks, the asset experienced severe turbulence, jumping above $1.15 <\/span><span data-preserver-spaces=\"true\">prior to<\/span><span data-preserver-spaces=\"true\"> Donald Trump\u2019s inauguration and <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/why-is-the-cardano-ada-price-down-today\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">plummeting<\/span><\/a><span data-preserver-spaces=\"true\"> below $0.90 during the crypto market correction witnessed at the start of the business week.<\/span><\/p>\n<figure id=\"attachment_380961\" aria-describedby=\"caption-attachment-380961\" style=\"width: 578px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/ADA-Price-5.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-380961\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/ADA-Price-5.png\" alt=\"ADA Price\" width=\"578\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/ADA-Price-5.png 1057w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/ADA-Price-5-300x207.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/ADA-Price-5-1024x708.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/ADA-Price-5-768x531.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/ADA-Price-5-50x35.png 50w\" sizes=\"auto, (max-width: 578px) 100vw, 578px\"><\/a><figcaption id=\"caption-attachment-380961\" class=\"wp-caption-text\">ADA Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Many analysts believe ADA could enter a substantial rally <\/span><span data-preserver-spaces=\"true\">in the near future<\/span><span data-preserver-spaces=\"true\">, citing various technical patterns and historical performance. <\/span><span data-preserver-spaces=\"true\">The X user <\/span><span data-preserver-spaces=\"true\">That Martini<\/span><span data-preserver-spaces=\"true\"> Guy<\/span><span data-preserver-spaces=\"true\">, for instance,<\/span> <a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/MartiniGuyYT\/status\/1884207735979532580\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">told<\/span><\/a><span data-preserver-spaces=\"true\"> his over 650,000 followers on X that the altcoin season might be just around the corner.<\/span> <span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> might result in a price explosion to as high as $3 for ADA (<\/span><span data-preserver-spaces=\"true\">based on what happened in 2021<\/span><span data-preserver-spaces=\"true\">).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, some made <\/span><span data-preserver-spaces=\"true\">bearish forecasts. Ali Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1884514222781939802\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">suggested<\/span><\/a><span data-preserver-spaces=\"true\"> that the upcoming FOMC meeting, scheduled for today (January 29), could trigger enhanced volatility in the crypto market. In addition, he claimed that the TD Sequential indicator had flashed the sell signal on the hourly chart for ADA and other leading digital assets.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/binance-freezes-cardano-ada-transactions-temporarily-what-you-need-to-know\/\" rel=\"nofollow\">Binance Freezes Cardano (ADA) Transactions Temporarily: What You Need to Know<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Binance will support Cardano\u2019s Plomin hard fork upgrade. Despite the company\u2019s upcoming temporary suspension of ADA transactions, the asset\u2019s price remains rather unaffected, with mixed analyst predictions on its next move. The Network Upgrade The world\u2019s biggest cryptocurrency exchange announced that it will temporarily halt the deposits and withdrawals of tokens on the Cardano [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10238","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10238"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10238\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}