Cardano [ADA] Prepares for New Developments in the Cryptocurrency Market

Cardano had a tumultuous week with bearish declines, painting a very unstable picture. Cryptocurrency has a positive side with a Cardano market capital of only $ 60 million less than the [USDT] link, which ranks seventh.

Cardano also received another boost when it was announced on October 23 that it would be taken over in Trezor‘s hardware wallet. Trezor also said it would support XRP, Monero and Stellar Lumens.

Cardano recently appeared in the press when Charles Hoskinson, founder and CEO of IOHK, said the sector is more capital-focused than development-oriented. He talked about EOS, while raising more capital than Cardano left in the dust on developments and updates. He stated:

“It’s kind of funny that the number two cryptocurrency raised 18 million to get where it’s at and the number one cryptocurrency raised nothing. So if you think about that, there is strong evidence in the space – the amount of money you raise doesn’t really have a lot to do with your ability to succeed.”

The computer scientist also informed the users about the future of the Cardano project, namely the Rust project. He added that Cardano 1.3.1 would be available soon with version 1.4 well before the scheduled date. Hoskinson added:

Emurgo wishes to provide Rust developers in addition to IOHK for Rust Cardano.