As a seasoned crypto investor with over a decade of experience under my belt, I’ve seen the ebb and flow of the market more times than I care to remember. The recent surge in daily trades for Cardano (ADA), reaching an impressive 36K, is undeniably noteworthy. However, it’s important to keep a level head and not let excitement cloud our judgment.
Cardano (ADA) has set a new record in daily trades, amounting to over 36K.
In simpler terms, the founder of Cardano, Charles Hoskinson, responded to this significant event by posting on platform X. His message was simply “Congratulations.
ADA debate
Within the Cardano (ADA) community, a passionate discussion has flared up lately following a proposal by investment firm 3UTxO for the acquisition of 200 million tokens from the Cardano Treasury.
The disclosed files showed that the fund intended to share tokens with select start-ups and initiatives centered around the Cardano platform, specifically.
As a crypto investor, I’ve noticed a growing unease within our community about a recent demand. Some members are of the opinion that it’s excessively large, and they’re expressing worries about its potential impact on the scale of our collective resources.
Uptrend on way?
ADA is traded at $0.323 today, up 0.23% from yesterday. The 24-hour trading volume is $319,866,533.
Lately, Adam Back, a notable figure often referenced in Satoshi Nakamoto’s groundbreaking whitepaper, has made an assertion suggesting that the value of ADA, the principal currency within the Cardano system, might plummet by approximately 90% more.
As a researcher, I’m observing an interesting trend. Initially, the market was showing signs of weakness; however, as I speak, the chart is indicating a potential recovery, contrary to the overall market’s performance.
New developments
Charles Hoskinson has just shared some exciting news about upcoming changes. He mentioned that the significant update known as PlutusV3 is set to launch within a few weeks. This upgrade promises to open up new opportunities for apps developed on the Cardano platform.
An imminent improvement will be the addition of PGP encryption to enhance the safety of digital wallets. Hoskinson likened this 1991 technology to traditional paper wallets, which he noted as being relatively insecure. Furthermore, Hoskinson offered a reward of $1 million to anyone who successfully hacks a secure wallet.
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2024-09-07 16:56