A lot of mainstream partnerships are happening for Cardano. There is an increasing degree of interest in Cardano as a Blockchain platform. It seems like several institutional infrastructures will get built on the platform while the blockchain network is in its preliminary stages.
Charles Hoskinson, CEO of the Cardano ecosystem partner Input Output HK, joined David Johnston of Yeoman’s Capital for a fireside chat moderated by Tracy Trachsler during WEF.
At the Davos 2020, Hoskinson stated that Cardano is set to become 50 to 100 times more decentralized than Bitcoin. However, some investors opine that Cardano cannot be compared to Bitcoin as they believe that bitcoin goes up, and everything goes up. If it goes down, everything goes down. Several Altcoins are rewriting the trend.
Several blockchain projects are focused on building a sustainable future. Hoskinson, when talking about investors wanting to build a sustainable future for the children, their children, and their children – then it takes an environment, economy and incentive in a way that people were living about 100 years from now will have the same quality of life and ecosystem like we do. He opined that sustainability is more than take as much as you can and get out of there.
Sydney Ifergan Crypto Expert Tweeted: “Hoskinson also stated that Kill the Middle Man had become the Lingua Franca. I just was wondering if the Cardano Platform would make the kill first with their layered architecture. It is for time to tell.”
There are about 11 cryptocurrency pairs available for trading in Cardano. The ADA/USDT perpetual contract has been added to Binance, the world’s largest crypto exchange. The futures trading is available with 75X leverage.
Cardano touched a 90-day high, and it currently pulls back at $0.056. The token is continuing to show a continual upsurge. The trend is expected to continue until the coin bumps into a volatile situation. However, the trading volume is less when compared to the other Altcoins in the market.
The 8-hour chart shows a bullish divergence. It continues to enjoy support from the daily moving averages. A positive trading channel is formed. It is expected that Cardano will sustain the 10th place in the market.
When questioned about whether the governments are ready for the technology and if governments need blockchain, Hoskinson stated that developing nations are particularly interested in blockchain technology. He said about how important it is to prove the business statements made by companies to establish trust. He stated that digitalizing the chain of transactions is crucial to create a valid proof which will support the truth in statements.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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