Well, it’s Monday.
Cardano’s price had been on downward trend this week, but today, it has seen a bit of a boost. There’s a huge problem in the cryptocurrency space envolving digital tokens that are currently in the pre-product stage, and that is its investors get restless. Charles Hoskinson has been catching some serious flack on Twitter (NASDAQ:TWTR) recently and one specific user asked him yesterday if ADA was “dead”. The founder didn’t take to this question very well and responded with:
“Ada is doing quite well. We are hiring like crazy. Thousands of people are running around worldwide passionately representing the brand and doing stuff. Patching shipping soon. Many announcements planned. Stop looking at the vanity metric of CMC to determine legitimacy. We spent millions of dollars and years putting together the best researchers and engineers. This party is just getting started and I’m going to win it. I don’t care how long and how much effort it takes. Cardano is going to be the financial stack of the developing world.”
As you can tell Hoskinson is passionate about Cardano, as most founders are towards their projects. Calling a coin “dead” before the actual product is released is asinine – sorry @pywXDhgjiKaO0JI. An unfortunate common theme occurring in the cryptocurrency space is new investors investing in a cryptocurrency based on hype or spike in price and not understanding the actual product behind the digital currency or timeline/roadmap. Please people, do your research!
The Cardano team updates their website weekly on their progress if you’d like to learn more you can do so here.
At press time, ADA is trading at $0.309 a coin, up 4.17%.
>> Weiss Rating’s Top 3 Cryptocurrencies
Monero hit some major price strides towards the end of last week but dipped this weekend. News broke of a new Monero hard-fork named MoneroV (XMV) occurring in a few weeks and people started buying up the cryptocurrency. Holders of XMR that use the Monero wallet are said to receive an airdrop with a large sum of the new XMV coin. The coin has since corrected since its slump this weekend and is now seeing green.
At press time, XMR is trading at $368.19 a coin, up 2.15%, in 24 hours.
>> Stellar & Monero Update
Status, an Ethereum mobile wallet, is among the leaders in the cryptocurrency market today. At the Ethereum Devcon3 conference back in November, the team at Status pledged $1 million towards a ‘bug bounty’. The company raised $100 million in their ICO sale last year. Status enables your mobile device to become a light Ethereum network node, giving you access to Ethereum’s entire ecosystem anywhere.
At press time, SNT is trading at $0.18 a coin, up 12.42%, in 24 hours. You can trade for Status on Upbit, Bittrex, Binance, Huobi, Ethfinex, and OKEx.
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