- Cardano’s founder, Charles Hoskinson Says There Are Still Great Things to Come For Cardano and ADA.
- Cardano ADA Price Experiences Price Struggles Against The USD
Cardano News Today – It’s no doubt that the Cardano Foundation and development team has been working tirelessly to make sure they meet their goals. They have spent millions of dollars in their pursuit of complete decentralization. Like we said in our previous Cardano News, the Cardano development team hopes that Cardano will be able to take Ethereum’s place as the world’s decentralized computer by the end of the year. After all, their official Twitter handle recently posted; “The millions of dollars that have been spent on developing Cardamoms UTXo model will enable it to have best in class multi-asset support this year. It will be easier to issue, maintain, and track assets on Cardano than on Ethereum by the end of the year.”
Cardano News Today – Hokinson Says the Best is Yet To Come for Cardano and ADA
So far, Cardano has made a lot of progress in meeting its expectations and its roadmap for the year. They are already on track to fulfill all their 2020 commitments. Even if the price of the ADA token is currently not doing well, it is important to note that price isn’t the key factor that should be considered when weighing the efficiency of a blockchain. The Cardano development team is more focused on the use cases of the blockchain than on the price of the ADA token.
A while ago, the rumor circulating in the cryptocurrency industry was that Charles Hoskinson was making plans to leave the Cardano Foundation and IOHK. To put the mind of the Cardano community to rest, Hokinson posted that he isn’t going anywhere. In his words;
“I made a video about scoping and commitments explaining what we are going to deliver before bidding for the NEXT contract, and somehow this is spun to Charles and IOHK are leaving Cardano!? The Internet gives me cancer. We are delivering the best Cryptocurrency period.”
Cardano Price Analysis – Cardano ADA’s Price Corrects Lower After Minor Bull Move
Yesterday, the price of Cardano ADA, like other altcoins, was rising against the USD. However, it started to correct lower against the USD this morning after reaching a key resistance level. At the time of writing, the price of Cardano ADA was $0.032167. This means that it is down by 0.92% against the USD and up by 0.75% against BTC. The trading volume over 24 hours is $92,030,861 and the market capitalization is $834,005,824.