Currently, in the green, Cardano is enjoying slight gains while the open letter of Charles Hoskinson and the petition to remove the Cardano Foundation Chairman is running hot in the market. Meanwhile, Hoskinson shares the Cardano updates that will be coming soon.
Cardano (ADA) in green at $0.0757
At 9th position, Cardano is in the green by 0.34 percent at $0.0757. With a market cap of $1.9 billion, it is currently managing the daily trading volume of about $39 million. Today has been a good day for ADA as it maintained upward momentum.
Yesterday, Cardano rose to $0.078 in tandem with the brief onslaught of bulls. The price action for this cryptocurrency is between the range of $0.060 and $0.094. However, it would find resistance at $0.077 and $0.089 to its upward movement. But, the support level is expected to be at $0.065 and $0.070.
“If you are a believer in the Cardano vision, if you are an investor in the Cardano venture, or if you simply believe, regardless of the loose regulation of the crypto space, that we still deserve crypto leaders to be accountable and to be brought to justice, then you should sign the petition to allow us to raise our voice and get Mr. Parsons to take the appropriate action.”
The petition titled, “Let’s liberate the Cardano Foundation, suspected to be hijacked & paralyzed by its Chairman,” already got 2,500 signatures.
Future plans for Cardano
Cardano CEO Charles Hoskinson appeared in an interview with CryptoLark discussing the growth of Cardano ecosystem and upcoming development events.
Here’s my interview on Cryptolark about the Cardano Foundation https://t.co/3h7wr5nict
— Charles Hoskinson (@IOHK_Charles) October 15, 2018
Currently, in Toronto, Hoskinson is attending a cryptography conference with the team where they’ll be giving a presentation on Outborors genesis.
“We have so many amazing things coming out,” He said while elaborating, “This is the first time we’ve ever talked about the sharding design that we have for Cardano […] This is the first paper with parallel chains paper that we’ve written so it’s like our take on DAGs and our take on how to shard things and we are moving in that direction”
Additionally, a number of updates are coming out such as Shelley videos and the Rust as a developer named Duncan is currently hard at work, “Duncan is just in beast mode right now. We’ve woken the sleeping Haskell giant and he’s having the time of life, you know writing specs and actually doing the code the right way throwing away all this error code.”
“We are moving much faster”, says Hoskinson as he shares the 1.3.1 update is coming out soon according to Hoskinson while 1.4 is already ahead of schedule for its QA testing and testnet should come out soon.
At the beginning of this month, Cardano had shared that its 1.3.1 version is coming while the testnet titled “IELE” will also be launched soon. At that point, they also confirmed Trezor support is coming that will allow its users to store their ADA on Trezor hardware wallet.
I am an entrepreneur and a writer with a bachelors degree in Computer Science. I manage the blockchain technology and crypto coverages at Coingape. follow me on Twitter at @arya_achal or reach out to me at achal[at]coingape.com.