Cardano News Today – New CEO of the Cardano Foundation Gives Speech on the Longevity of the Blockchain but ADA Corrects Below the $0.1000 Level – September 30th, 2020

  • Frederik Gregaard, the Incoming CEO of the Cardano Foundation Plans for the Future of Cardano in the Next 30 Years
  • Cardano ADA has Fallen Below the $0.1000 Level Following brief Bullish Recovery 

Cardano News Today – A while ago, we noted that the Cardano Foundation employed a new CEO as part of their expansion plans. The incoming CEO, Frederik Gregaard has already started addressing his plans for the long-term development of the Cardano blockchain and the native asset, ADA. As the Cardano community celebrates the 3rd anniversary of the Cardano blockchain, Gregaard has an interview with Cointelegraph. During the interview, he talked about some of the future projects in the works for Cardano. While he hasn’t started working as the CEO of the Cardano Foundation, Gregaard said that he would be resuming his new role on the first day of November.

Cardano News Today – Cardano Will Last for Decades According to Frederik Gregaard

During the interview, Gregaard said that the open-source decentralized space is still riddled with prejudice. He noted that these trust gaps, as he called them, are hindering the global adoption of blockchain technology. Even if most cryptocurrency and blockchain projects don’t plan for the future, Gregaard is confident that Cardano will be in existence for decades to come. He noted that most cryptocurrency projects fadeaways after the first few months or years. Unlike traditional companies that have long-term plans that cover decades, most cryptocurrency projects don’t plan for more than 5 years into the future.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.109

As you probably already know, most blockchain projects depend significantly on existing companies to last. These projects often offer solutions that will fix the lapses in traditional systems. This is why companies like Cardano need to provide real, scalable, and sustainable value. No company is willing to rearrange their existing technical infrastructure for a system that isn’t reliable. Gregaard believes that Cardano is perfect for this. In his words;

“When you have an open project like this one, to convey this certainty to the larger corporations that we are going to be around in the next 10 to 20, 30 years. So you can build on us also for the long term, that we are sound both in terms of finances, but also in terms of team and people. Financial services plus — that includes treasury and insurance and so on. I see a lot of use cases there which we can start tackling now.”

In other news, the Cardano ADA token has been suffering since the beginning of trading today after moving above the $0.105 level. At the time of writing, the price of the token was $0.097752. It was down by 4.90% against the USD and down by 4.0.5% against Bitcoin. The correction at this time is expected since the token was relatively bullish three days ago along with the rest of the market.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.