Cardano Seen Hitting Over $0.50 By End Of November, This Algorithmic ‘Prophet...
Cardano (ADA), as it appears, is one of the altcoins which have failed to capitalize on the short-lived rally of the crypto market to once again push its overall valuation to above $1 trillion. In fact, the cryptocurrency was surpassed by Dogecoin in terms of market capitalization as ADA now ranks 9th in that particular list having a total cap of $14.30 billion. At press time, according the data from Coingecko, the asset is trading at $0.4101 and is up by 5% over the last seven days and by 20.1% for the past two weeks. However, one glaring problem with Cardano right now is its 6.1% decline....
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Cardano (ADA) has fallen short of many investors’ expectations in recent weeks. Unlike numerous other altcoins, ADA is currently in a prolonged downtrend. In the 1-day chart, the price is currently below both the 100 and 200-day moving averages. However, IOG CEO Charles Hoskinson might have given ADA investors hope with a new tweet. The Cardano founder was responding to a Twitter user’s question about when the announcement promised for November would be revealed. Related Reading: Cardano Seen Hitting Over $0.50 By End Of November, This Algorithmic ‘Prophet’ Predicts Hoskinson....
![Julian Assange: Bitcoin could establish a new global consensus [Net Prophet]](minthumb/bitcoinist_net_Assange_02.jpg)
said Julian Assange via a WeChat Livestream at Net Prophet — the annual technology and trends conference. According to the Wikileaks founder, the next great innovation that is headed our way will be in the finance sector. He reckons that the technological innovation behind Bitcoin is establishing a new global consensus. Usually, we need laws to establish and enforce the way financial transactions take place, but Bitcoin is changing that. Cryptographically enforced agreements, like the ones coming out of Bitcoin, are different from the norm in as much as the code behind them enforces how....
Cardano's Charles Hoskinson has mentioned stablecoins in the past. He just did it again. Is IOHK working on a stablecoin for the Cardano ecosystem?
Are algorithmic stablecoins trying to clone the intrinsic qualities of fiat money or dollar; like security? The recent craze over algorithmic stablecoins has stirred mixed reactions from the crypto community. For crying out loud, it has been an emotional contagion for crypto enthusiasts everywhere. So, is it overkill? Are algorithmic stablecoins too ambitious? Suggested Reading […]
Inventor of Cardano and Input-Output Global (IOG) CEO, Charles Hoskinson, gave his opinion on the recent events related to the crash in the Terra Classic network, formally known as Terra. A collapse in the price of its native token LUNA caused the algorithmic stablecoin UST to deppeged from the U.S. dollar. Related Reading | Cardano Activity […]