Loading cryptocurrency prices...

Cardano Founder Charles Hoskinson Talks Competition with Ethereum and Tron

Cardano is one coin that is showing decent growth amongst a sea of small losses today. Is it because project Shelley is on the horizon, thanks to Cardano 1.5, an improved consensus protocol, that the price of its token, ADA, is on the move?

- Advertisement -

Cardano is an interesting project, and it is one that has been focused on quality, by its own admission. It has been rather slow with its upgrades: it has been three years now, and after active research and trailblazing, the testing of Cardano 1.5 marks the end of the Byron development phase as project Shelley makes its way through the door.

This is an important milestone for Cardano that allows for proper consensus protocol transition from Ouroboros BFT to Genesis designed for Shelley. But the question that needs to be asked is, will this upgrade of the project lead to good growth for ADA?

A focus on quality

What has become evident in terms of cryptocurrency investing, especially with altcoin projects, is that there have been positive reactions to good news, as well as positive advancements in the projects.

One clear proponent of that is Binance Coin. The native token of Binance is flying in the first quarter of 2019 thanks mostly to the fact that Binance, as an exchange, is performing well and advancing its own work in a positive manner.

- Advertisement -

There have been boosts for tokens such as Litecoin and EOS as they have posted good news about their own adoption and advancement as projects, and now, with Cardano doing the same, the positivity is having an effect.

Good growth in a red market

In general, the cryptocurrency market has been trading mostly flat, with some incremental growth over the last seven days. However, today marks a day of mostly red numbers, although they are predominantly small losses.

ADA is, however, up 2.5 percent, and looking across the last seven days there has been steady growth – the kind of growth one expects from good work within the project rather than just speculative investing.

—————————————————————————————————————————–

This post was originally published on UToday. Bitnewsbot curates, examines, and summarizes news from external services while producing its own original material. Copyrights from external sources will be credited as they pertain to their corresponding owners. The purpose is to make use of 3rd party content or pictures as either allusion or promotional endorsement of mentioned sites.

Previous Articles:

- Advertisement -

Latest News

AstraZeneca Nears Landmark Drug Price Deal With Trump: Report

AstraZeneca is expected to announce a drug pricing agreement with U.S. President Donald Trump. The...

Bitcoin Core v30 Release Raises ETF Power Concerns Amid Fork Fears

Bitcoin Core version 30 is scheduled for release this weekend, stirring debate about potential...

Hedera HBAR Slides as Institutional Selloff Drives Volatility

Hedera hashgraph's HBAR token experienced significant institutional selloffs on October 10, causing a sharp...

Storm-2657 Targets US Universities, Diverts Payroll via SaaS Hacks

A threat group named Storm-2657 targets employee accounts to redirect salary payments.The attacks focus...

Major Global Banks Unite to Launch Joint Stablecoin Initiative

Ten major global banks are working together to explore launching joint stablecoins. The proposed stablecoins...
- Advertisement -

Must Read

Top Best Metaverse Worlds To Buy Land

The metaverse has grown in our everyday conversation since Facebook announced its rebranding in October 2021 to META. The metaverse is a virtual world,...