Cardano ADA/USD Returning to $0.0800: Going for Stellar XLM Position after Reaching $2 bln market cap


With the leading pair BTC/USD finally breaking above the major $5,400 – a wave of positive predictions flooded in from analysts and the crypto-community in general as per today’s performance.

Read – Bitcoin To Rally Past $6,000? Crypto Analysts Weigh In

The highest gaining for the top-ten leading cryptocurrencies is the 10th ranked by market capitalization Cardano (ADA) which now is counting above $2.0 billion market capitalization and it seems like it is closing-in to XRP’s rival Stellar XLM that is standing at $2.193 bln. Per time of writing the pair ADA/USD is changing hands at $0.0773 with 5.10% increase in the last 24-hours.

Cardano ADA/USD Returning to $0.0800: Going for Stellar XLM Position after Reaching $2 bln market cap 1
Source: coinmarketcap

Taking in-consideration the well impacting effect of the complete market sentiment, seeing how the daily trading trend is cleared with a chance of positively closing above it is possible that in the few coming days Cardano’s native token ADA will return at $0.0800 or above against the US Dollar.

In a previous title related to Cardano, the team at EWN highlighted Charles Hoskinson’s [Cardano Founder and Inside Outside Hong Kong CEO] opinion on the future of crypto. Mr. Hoskinson gave a critical take on ETH and EOS during and interview with Fortune in the beginning of the month. He told his interviewers that the strength of cryptocurrency moving forward will be through defining itself as a decentralized industry–one that necessitates ‘leaderless-ness.’

“This is the first time ever where we’re flirting with the idea of a corporation without a CEO or a country without a president. That is a very big challenge and it’s something I think will consume the majority of the 21st century for the cryptocurrency space.”

He sees other projects in the same industry as they are promoting a top-down approach, establishing figures that are similar to a “president or king or committee or group that we’ve endowed with special powers.” According to him true decentralization would be a bottom-up community.

Read also:Cardano ADA Founder Charles Hoskinson Says Cryptocurrency Needs Interoperability

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022
Bots Circumvent 2FA Login At Coinbase And Other Crypto Exchanges In 2022
Bots Have Circumvented 2FA Logins At Coinbase And Other Crypto Exchanges In 2022
February 17, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin29,571 0.05 % 0.07 % 2.78 %
Ethereum1,878.6 0.55 % 4.05 % 1.91 %
Tether1.002 0.11 % 0.21 % 0.15 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB314.96 0.01 % 3.36 % 9.27 %
XRP0.3970 0.37 % 1.82 % 2.34 %
Binance USD1.000 0.79 % 0.01 % 0.14 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana45.51 1.06 % 5.38 % 8.54 %
Dogecoin0.08011 0.11 % 4.11 % 4.61 %

bitcoin
Bitcoin (BTC) $ 29,679.00
ethereum
Ethereum (ETH) $ 1,890.32
tether
Tether (USDT) $ 0.999131
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 315.85
xrp
XRP (XRP) $ 0.399048
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.499082
solana
Solana (SOL) $ 46.14
dogecoin
Dogecoin (DOGE) $ 0.0804