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Market Update - EOS, XLM And ADA Take A Big Plunge

Yesterday’s negativity, caused no doubt by correction has over-spilled into today, bringing the markets down for a second consecutive today. What we are seeing now however is a far steeper decline from a number of cryptocurrencies, reducing some of the optimism that we have held onto as we go into August. Whilst this doesn’t mean by any means that the markets are going to crash, it does look as if this correction period is going to inflict some damage onto a number of currencies, that have made good tracks over the past week, reversing their progress. Interestingly though, Bitcoin remains...

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Cardano Boss Outlines A Promising Future For ADA

Cardano is often considered a bit of a quiet cryptocurrency. Unlike its headline grabbing neighbours, Stellar, Litecoin and IOTA, Cardano often trucks along at its own pace, making significant movements yet remaining somewhat under the radar. Of course, this isn’t to say that Cardano is a small cryptocurrency, Cardano is still ranked 8th for market capitalisation and is still a significant competitor in the race for the top altcoin. Overall, Cardano promises a great deal for the future and that’s what Charles Hoskinson, the CEO and co-founder of Cardano has spoken out about. According to Ethereum World News, Hoskinson has...

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Cardano (ADA) Correction Might Be In Its Final Stages

Cardano (ADA) is trading at the lower half of the pitchfork on the ADA/BTC chart above. This means that the cryptocurrency is close to finish its correction and will likely find a bottom around mid August, if it trades with the same momentum. RSI conditions for ADA/BTC still show price action to be in downtrend even as it nears oversold conditions. Wave trend analysis for the same chart shows that the price is likely to trade lower in the next few weeks until a bottom is found. Cardano (ADA) has so far respected lower limits of the pitchfork it is...

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The Future Of Cardano

The team at Cardano are desiring to see success in 2018. Their goals include the rollout of a system for smart contracts which could potentially represent multiple improvements for the Ethereum blockchain and if it proves to be successful this could be huge. Charles Hoskinson, a former Ethereum developer and high up in the ranks of the company isn’t afraid to talk about touting the supposed superiority of Ouroboros. In April, Hoskinson said that Proof-of-Stake has been “solved”. Cardano is hopeful that there will be vital improvements over Ethereum both in terms of the consensus protocol and a smart contract...

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Google Approach Cardano In Promising Move For Crypto Adoption

Cardano have recently uploaded a full report which discusses a conversation between Charles Hoskinson and a number of Google officials at their office in London. This, came about as a result of an invitation from Google to Hoskinson to come to the Google UK HQ to talk about how Cardano and Google could potentially work together to mutually benefit each others operations. You can see a full transcript and Q&A report of the meeting here- https://iohk.io/blog/iohk-make-a-visit-to-googles-london-offices/ We aren’t going to break down what Hoskinson has told Google, as all of the information can be found on the IOHK website, however...

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