Cardano News Today – IOHK CEO Charles Hoskinson declared “the economic order of the 20th century dead” – March 14th, 2020

  • Fate Of The European Union
  • Cardano ADA Price Analysis – ADA Declines By 19% in a bearish tussle

Cardano Staking – In a recent YouTube live stream, Charles Hoskinson declared “the economic order of the 20th century dead”. By “the economic order of the 20th century” Hoskinson means a centralized hierarchical economy that was established via “a series of treaties” created by a few great powers. Cardano Testnet – According to Hoskinson, this economy was established for the times “when the information was not instantaneous”, and when most people were willing to be dictated to.

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Cardano Staking – Hoskinson explains that the new market downturn was due to the incongruence of the hierarchical order established by powerful institutions like governments, corporations, international organizations, where a few powerful bodies decide the fates of billions. Cardano Staking – According to Hoskinson, these centralized hierarchical structures no longer represent the current trend we are living in, the world that is gradually becoming flat and decentralized, he added.

Cardano Staking – going further, Hoskinson shared that the recent decentralized order established by blockchain technology is aimed at resolving some of the most imminent issues of modernity like data ownership, privacy, and identity.

Fate Of The European Union

Cardano Testnet – Hoskinson believes that the conventional system was amending the old economy with things like easy credit, which thus far led to “a five-fold increase” in the United States national debt in the space of 20 years.

Using Japan’s case as an example, Hoskinson shared that the Olympic was projected to commence the country’s stagnating economy, but the plan will not actualize due to the “global pandemic” known as the Corona Virus. Cardano Staking – He mentioned Italy, where “16 million people” may be quarantined. Hoskinson claimed this will lead to the election of a populist government.

Cardano ADA Price Analysis – ADA Declines By 19% in a bearish tussle

ADA Price Prediction 2020 – ADA was previously trading at $0.025322 on Friday, down by 18.66% on the day. It was the biggest 1-day percentage loss since March 12, 2020. Cardano Price Prediction 2020 – the downward price movement pulled ADA’s market cap down to $668.28083 million, or 0.00% of the whole cryptocurrency market cap. At its peak, ADA’s market cap was $23.91700 billion.

Cardano Price Prediction 2020 – ADA had traded in a zone of $0.017774 to $0.029273 in the past 24-hours. Over the past 7-days, ADA has seen a decline in values as it lost 49.38%. ADA Price Prediction 2020 – The volume of ADA traded in the last 24-hours was $203.63491 million or 0.00% of the whole volume of all cryptocurrencies. It has traded in a zone of $0.0178 to $0.051 in the past 7-days.

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