As of this morning, DJED’s reserve ratio was at 643% with a base reserve of 29,267,672.99 ADA, according to JED’s website, which falls within the 400% to 800% safety ratio commitment.
Today, network updates will continue to provide routing. IOHK will release a weekly development update. Project numbers and transaction details are likely areas of focus. An influx of projects into the Cardano network will support the current trend towards $0.450.
Updates on the launch of the EMURGO USDA stablecoin should also be monitored.
But US economic indices and the Nasdaq index will also have an impact. The all-important US jobs report and ISM Non-Manufacturing PMI numbers will also attract attention. Weak nonfarm payrolls numbers, weak wage growth, and a marked decline in the services sector could reignite recession fears.
After Amazon.com’s (AMZN) gloomy forecast Thursday, Apple (AAPL) and Alphabet Inc. (GOOGL) Today’s results. Expect a bleak outlook to test buyer appetite for riskier assets.