CARDANO $0.584297 In the last 24 hours, 3.77 percent decreased and increased its weekly losses. According to Coindesk Research, the island has recently declined to $ 0,5818 and has recently experienced an increase of 38.39 percent in the transaction volume. This decrease in the price, despite the latest statements about the new Leios update planned in the Cardano network.
Leios Update and Objectives
Cardano’s Technology Development Company Input Output Global (IOG) re -announced the network’s vision for the future Leios update. According to the assessment, Leios was designed to optimize transaction processing and resource usage, especially during periods of transaction density. With the update, various new mechanisms will be commissioned, security and data accessibility will be maintained, the processing capacity will be increased.
The Leios update was first presented in November 2022 as a new variant of Cardano’s current consensus protocol. In this process, it was stated that the limits of scalability found in existing systems are caused by algorithmic restrictions, and with Leios, it was aimed to overcome these limitations significantly. According to plans, Leios will accelerate chain synchronization and offer gradual transaction fees and more prominent priority.
Technical Developments and Market Effects
Leios means a radical architectural change rather than small changes in the current system. In this context, comprehensive improvements are required to implement the update. However, the IOG team reports that there may be a significant change in the Cardano network with the update.
Charles Hoskinson said, “Leios is expected to be integrated into Cardano’s main network in 2026, the first predicted date was 2028. This calendar was taken forward,” he said.
From a technical point of view, the island was traded in a fluctuation range of 7.15 percent in the last 24 hours. The price fell from $ 0.605 to $ 0.562 and then recovered partially. Especially at certain times, increasing transaction volumes and support levels drew attention.
Market Behavior and Volume Analysis
As of 17:00, high -volume transactions concentrated between 0,562–0,576 dollars and the transaction volume increased to the top. The price was observed to be consolidated between 0,582–0,588 dollars and $ 0.573–0,582 support levels.
The tendency to decrease in volumes may indicate a potential accumulation stage in the market. During the last trading hours, the island was in a downward trend and went down from 0,585 dollars to 0,582 dollars. Especially at noon, sudden sales were decisive in the market. In addition, long -term investors continue to draw the island from the central exchanges said.
Looking at the statements of the experts, the potential to have a positive effect on the network changes in the long term draws attention. The main focus of the update is to increase the trading capacity and network efficiency. In addition, the project team and investors continue to closely monitor the developments.
Cardano’s Leios update aims to improve transaction volume and network efficiency. Although short -term fluctuations are seen in the island market, the planned technical developments are thought to be effective in the medium term. The tendency of long -term investors to exit from the stock exchanges can be considered as an indicator that reflects confidence in assets. The effect of such infrastructure improvements on user experience and trading costs may be decisive for innovative Blockchain projects.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
