Cardano
$0.06118 7.50%
ADA · 1w

Cardano (ADA) Loses Steam Amid Broader Crypto Slowdown

Cardano (ADA) down 17.7 percent week-to-date.  AlgoZ and Cardano partner for liquidity

Charles Hoskinson’s Cardano is distinct because of their insistence on quality and research. Therefore, despite recent sell-off, their deal with AlgoZ could attract institutional backing. Meanwhile, ADA is down 17.7 percent week-to-date.

Cardano Price Analysis Fundamentals

That Cardano has potential as a top-tier digital asset and smart contracting platform is true. Boasting high trading volumes and managing to compete with the likes of Ethereum and Tron in the liquidity leaderboard, ADA is proving that it deserves to be watched.

Presently, Cardano’s value proposition stems from its position as an alternative smart contracting platform, which is rather research driven. Behind this decision is the creators’ view of building a reliable network that is transparent, scalable, and whose products are verifiable.

Although hampered by delays in development, the fact that Cardano continues developing, despite last year’s chilly winter, is a mark of stability. In 2018, many projects folded because of dropping asset prices and general price-dwindling induced apathy. However, with changing fortunes, this space is once again sparkling.

Additionally, the test of Shelly not only prepares Cardano for complete decentralization, but for dominance of the cryptocurrency market too. Through a new partnership, Cardano will leverage AlgoZ’s trading algorithm and knowledge base for liquidity purposes.

Already, exchanges and several cryptocurrency projects spread across five continents make use of AlgoZ solutions. Announcing via LinkedIn:

“Our collaboration with Cardano, one of the most inspiring projects in the crypto-asset scene, is expected to increase the liquidity of the token and its accessibility.” Candlestick Arrangements

At the time of writing, ADA is down 17.7 percent from last week’s close. Even though buyers stand a chance, massive liq...

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Recent news
ADA +7.50% · forum.cardano.org · 20h

‪We’ve seen great and passionate AMA’s from Charles Hoskinson @IOHK_Charles but what about equally great and very well put together summaries of one of his recent Updates?‬ ‪We highly recommend you to have a read of this‬.‬ ‪The #Cardano Team is moving fast❗️‬

In the latest Cardano Update video from Charles Hoskinson, we get a concise summary of some of the things going on in the project. Cardano: Haskell Node Charles was shown a demo on Friday which went...