Charles Hoskinson has joined the predictive analytics platform Endor and will be working with the team on “major new developments.” Meanwhile, on the price front, both the cryptos are in red.
Major New Developments on the Way
Cardano founder and CEO, Charles Hoskinson who is also the co-founder of Ethereum has now officially announced that he has joined Endor, an AI-powered business predictions platform.
Hoskinson has been on-boarded by Endor as a senior advisor who will be providing counsel and guidance on the matters of decentralization and blockchain strategy. Endor shared the news on Twitter and stated that Charles Hoskinson would be helping them with their “major new developments.”
Hoskinson also took to Twitter to share that he is excited to work with Endor and its excellent team.
Established in 2014, Endor claims to be the world’s first DIY blockchain-based predictive analytics platform that provides predictions-as a service to the businesses. In March, last year, it had reportedly raised $45 million in a token pre-sale.
Recently, Endor shared a post explaining that predictive analytics will transform the finance industry this year as customers become more digitally connected and more demanding but less loyal, which requires a solution provided by Endor.
“It is the first ‘Do-It-Yourself’ tool to enable banking and financial services institutes to forecast any area of their business: Sales, Marketing, Operations, Risk and Strategy. All you need to do is ask a predictive question and the answer is provided within hours instead of months. Endor’s platform is also the first and only one that can analyse encrypted data without ever decrypting it.”
On the Price Front
The 11th largest cryptocurrency by market cap Cardano (ADA) has been trading at $0.038 with 0.02 percent loss in the past 24-hours. While Endor Protocol (EDR) has been trading at $0.028 with 24-hours loss of 4.28 percent and is also in red by close to 5 percent in the BTC and ETH market.
Just last month, Hoskinson had shared that it could take more than a decade to recover from 2017 highs.
“It might take 11 years for us [the crypto industry] to recover back to where we were in 2017, but we will be a dramatically different ecosystem at that point. We’ll have millions, perhaps even billions of users. We will be in many consumer products, be easy to use, [even] grandma can use it. A lot of the hard stuff will have been figured out. Like if somebody dies, how do we get their private keys, how do we handle taxes, all of the regulation will be done.”
As for institutional investors, he believes once they get what they want in terms of options and derivatives, there will be no longer “massive volatility.”
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Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.