The founder of Cardano, Charles Hoskinson believes that the platforms native currency ADA still has a leg up above Facebook in emerging markets. His comments come even after Facebook officially announced its upcoming stablecoin, Libra which has been building up a lot of hype over the past few weeks since its reveal.
Hoskinson made his comments in a new interview with Finance Magnates published on June 26th. The CEO noted the importance of cryptocurrency in emerging markets, relative to established financial systems.
“Emerging markets are where cryptocurrencies matter.”
Hoskinson went on to say:
“When I look at the developed world, I don’t care. It’s highly regulated and, in many cases, a rigged system. If I decide to compete with a tech company they can just push me out via regulation.”
Hoskinson has taken his efforts for crypto adoption around the world as he even met the Georgian Prime Minister earlier this month as he showed on Twitter saying, “Great meeting with the Georgian Prime Minister Mamuka Bakhtadze about Georgia’s desire to innovate over the coming years”. As well as talking about cryptocurrency, we presume the two talked about blockchain tech and its impact on infrastructures like education and healthcare.
Payments will be the final test for cryptocurrency dominance in the end in developing and emerging markets. The CEO was asked on the impact of Facebook’s Libra coin getting involved with digital payments and whether or not Cardano would be able to compete with the massive social network.
“I am not entering a market and looking to extract value from people. Facebook has to come into countries it doesn’t know a lot about and convinces them to enslave themselves to an economic monopoly and give nothing in return. And their only pitch is that you’ll pay less on fees.”
The Shelley testnet went live at the end of last week leaving a lot of people very excited about the future.
Shelley is designed to be the next evolution in Cardano and will make the public blockchain completely decentralised.
The actual update will go live next year with Hoskinson saying:
“It’ll be this year. But exactly when is hard to say. Delays happen. Unexpected things happen. There may be some things we can accelerate but creating software is hard.”
Charles Hoskinson Makes Bold Claim That 2020 Is Cardano’s Year
- Charles Hoskinson has made a bold statement in that the project is going to be massive in 2020.
- He believes the advanced protocols will function to position ADA as one of the strongest digital assets in the space.
- Hoskinson’s prediction comes after the market has taken a significant drawback and has even been slumping down over the past few days.
Charles Hoskinson, the main man behind Cardano has made a bold statement in that the project is going to be massive in 2020.
Hoskinson sent out a tweet recently where he noted the releases of numerous advanced protocols that he believes will function in order to position ADA as one of the strongest digital assets in the space next year.
According to founder, Cardano will be a “beast” come 2020.
Hoskinson’s prediction comes after the market has taken a significant drawback and has even been slumping down over the past few days.
The leading cryptocurrency Bitcoin alone has shed close to $500 this week… not that investors aren’t used to it.
Cardano fans came out after Hoskinson’s tweet, to commemorate the release.
In theory, the projects fan base looks optimistic but the reality is, is that one of them posted a reply saying Cardano had raised the bar for blockchain projects and is set to make huge waves in the market within the coming year (2020).
Cardano News Today – Top Headline for Cardano ADA, November 19th
- EMURGO’s Milestones Revealed: How Well has Cardano’s Commercial Arm Done?
EMURGO is the commercial arm of the Cardano Blockchain. It was founded in 2017 in Japan. The platform has expanded to countries like Singapore, India, Indonesia, and New York. EMURGO must closely work with the Cardano Foundation and IOHK to grow the Cardano ecosystem on a global scale and promote the network’s adoption. The CEO of EMURGO is Ken Kodama.
EMURGO Reports Its Milestones Crossed So Far
Through EMURGO’s four different business units, the firm has developed in-house focused products for the good of the Cardano community globally. One of the products in question include the Yoroi Wallet. The Yoroi Wallet is an open-source codebase library that allows third-party developers and enterprises to make their secure light wallets. It allows developers to explore Cardano on mobile devices and Internet browsers.
EMURGO also announced an investment into Y2X. The collaboration is meant to offer a forum for entrepreneurs to gather capital for expansion from Securities Token Offerings (STOs) or other means. EMURGO also launched dLab/EMURGO in collaboration with SOSV. The goal is to accelerate quality Blockchain projects that have real use cases concerning Cardano. There is also evidence that EMURGO recognizes how important Blockchain developer education is. Thus, it went on to launch an education business unit in India via the establishment of an extension of EMURGO in India earlier in the year. The goal is to offer a range of tailored Blockchain education courses for college students and career professionals, as well as enterprises.
Cardano (ADA) Price Today – ADA / USD
Another EMURGO unit in Indonesia focuses on providing Blockchain education workshops as well as Blockchain courses in collaboration with local universities. There is a growing debate on Blockchain technology utilities in India and Southeast Asia. The goal is to offer societal and economic benefits to local industries.
In a bid to add value to ADA holders, EMURGO forged partnerships to make onramps for high ADA liquidity plus use cases. Last year, Cardano’s commercial arm partnered with South Korea’s Metaps Plus. The goal is to offer a Cardano Crypto Card that will be accepted by 30,000 offline retail merchants in the Asian country. The collaboration also launched ADA payments for retail merchants in Okinawa, Japan. In the last two years, EMURGO has built up a solid social media base with a vast number of social media followers in all of its channels. It has also amassed more than 100,000 views on its Monthly Cardano Progress Report videos. EMURGO has also amassed 130 comprehensive blog contents available for free on the GitHub library.
ADA Price Analysis: Will Cardano Continue Its Upsurge?
The year 2019 has been kind of overwhelming for Cardona (ADA) with major highs and lows. The coin had reached its high in July 2019. Since then, the coin has been in a bearish trend, often being in the red zone. The past week had been better for ADA as it has seen growth in ADA/USD price.
Cardona (ADA) coin is in the 12th position as per the coinmarketcap data as of writing. The ADA coin has seen a steady surge of around 3% in the last 24 hrs. At present, the ADA/USD price is $0.045314 USD with a 3.06% growth rate, while the ADA/BTC price is 0.00000529 BTC with a 2.8% surge. The 24hr volume is $83,226,650 USD while the circulating supply is 25,927,070,538 ADA.
ADA Price Analysis for the last 7 days:
As seen in the chart below, the ADA coin had been in a bearish zone, dipping to $0.042 USD on 16th November. But since Nov 17, late hours, the Cardona coin has seen a great surge of approx 3%. This trend continues as of writing. The current surge rate is 3.06% and Analysts see a bullish trend continuing.
The ascent, which has occurred during the last two days, proves that Cardano ADA is on the rise. Cardano could easily spend another few days in the current value area before breaking out. Further, it could initiate a rapid price increase.
Moreover, the project’s founder, Charles Hoskinson believes that Cardona will be a “Beast” in the upcoming year. He says, ADA is surely among the coins to be sought out for in 2020.
What do you think of this ADA price analysis? Do you think ADA will continue its upsurge? Will the Bear trend gain momentum? Share your views on our Facebook and Twitter pages.