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- Cardano ADA 50% rally
- ADA holders trying to sell
- CoinDesk Cardano Price Index (ADX)
- ADA available as ETP from WisdomTree
- Charles Hoskinson at Binance Blockchain Week in Dubai 2022
Cardano has made a 50% rally and it just looks like more upside is set to follow. It has been several months since ADA has not been doing anything to be called good. So, how far can this bullish trend take ADA through?
The holders of ADA have been struggling through months. And, therefore there are lot of holders who want to sell, cash out and run. The attitude is coming from holders who bought it for a comparatively higher price.
Further to avoid manipulation of the spot price and to ensure a reliable representative spot price, CoinDesk Cardano Price Index (ADX) provides a USD-denominated reference rate for the spot price of Cardano (ADA). Thus, the price of ADA is denominated in USD. Ultimately providing for a real-time index which is accurate and a reliable representation of the market price.
Exchange Traded Products (ETP) in the European Cryptocurrency market is being provided by WisdomTree. Crypto ETPs are mainstream investment vehicles which provide easy exposure to cryptos. And ADA is now available as ETP from WisdomTree.
Charles Hoskinson at Binance Blockchain Week in Dubai 2022: We talk a lot about token of the week. We talk a lot about NFTs and DeFi and Word salad of things. And the words change, but it is usually the same hustle. And, I think what is the point of what we do? And, why what we do as an industry is so valuable.
The blockchain technology at its core is about trust amongst people who don’t trust each other. What we do as an industry is we enable the world to work together a little differently.
How to solve problems like trade problems, environmental problems, and how does the impact of the decision of the large nations affect the small nations like the United States, China, Russia, and others.
Somehow get things done right away. That is what we do as an industry. More of the technology, whether you are a Bitcoin fan or Ethereum fan – what matters, is this idea of equality. A fairness of reciprocity. Each and every person is treated equally. Each and every person has the same access to the system as the most powerful amongst us. That is something that is often forgotten.
As we see the third generation of cryptocurrencies have become more powerful and more prevalent and more pervasive – we have to start making some uncomfortable, difficult and philosophical decisions – about how our technology works.
More about it in the direct video at Binance Blockchain Week in Dubai 2022.
