Cardano News Today – It’s no news that the Cardano Foundation is working hard to make sure that the Cardano blockchain and the ADA token reach global adoption. Also, it’s no news that the price of Cardano ADA fell significantly against the USD yesterday and over the last 24 hours. Even if this happened right after a bull run, as is normal with such spikes, the sell-off was more intense than what anybody expected. Notwithstanding, the Cardano Foundation hasn’t been discouraged by the poor performance of the ADA token. In fact, they recently announced some big plans for global expansion. There is still hope for Cardano ADA.
Cardano News Today – Cardano Latest Update – Cardano Joins International Association Of Trusted Blockchain Applications
The Cardano Foundation recently joined the International Association of Trusted Blockchain Applications (INATBA). This is an organization that has about five working groups that are all focused on shaping commercial standards and legislation in the blockchain space. The goal is to ensure stakeholder accountability. Along with other members of the association, the Cardano Foundation is going to provide both blockchain developers and users with a forum where they can discuss with policy makers and help blockchain technology progress to its next stage.
As a member of the association, Cardano will focus on finance, education, privacy, identity and mobility. This is just one of the many moves that the foundation is making to gain more credibility and ensure mass adoption. A while ago, Cardano’s Charles Hoskinson talked about how the Cardano Foundation is hoping to reach mass adoption and how the increased competition from Facebook doesn’t threaten them. He talked about how the main target market of the Cardano Foundation is developing markets. Since Facebook announced that it is targeting this same market, many members of the cryptocurrency community believed that it would be a threat to other cryptocurrencies. Hokinson, just like Ripple’s Brad Garlinghouse, doesn’t think Facebook can kick Cardano out of emerging markets.
Cardano News Today – Cardano Latest Update – Cardano Price Analysis
Over the last 5 days, the price of Cardano ADA is down by 5.54% against the USD. Yesterday, it fell from the $0.1000 level to the $0.0800 level losing most of the gains it recently accumulated. At the time of writing, the price of the token was $0.087881. This means that it is up by 1.94% against the USD and down by 5.38% against the price of BTC. The trading volume over a 24 hour period is $204,835,763 and the market capitalization is $2,278,491,590.
Cardano (ADA) Price Today – ADA / USD
Right now, Cardano ADA isn’t falling in isolation. So, it would be unfair to conclude that the token is falling due to some internal issues or problems that are specifically as a result of the Cardano blockchain, foundation or network. With the things Charles Hoskinson and his team have in store, it’s safe to say that the future of Cardano is bright. When the cryptocurrency downtrend ends, we should expect the price of the ADA token to pick up. This makes it a good investment option long-term and not just short-term.
What do you think about the Cardano price prediction in our Cardano news today? Is the future of ADA bright? Share your thoughts about ADA in the comment section below.
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.