Logo
Cardano Ecosystem

BitcoinEthereumNews

08/06/2022

·

869 views


Cardano Founder Explains to User How Much ADA Bought with $5,000 in January 2021 Is Worth

The post Cardano Founder Explains to User How Much ADA Bought with $5,000 in January 2021 Is Worth appeared on BitcoinEthereumNews.com. According to Cardano creator Charles Hoskinson, $5,000 worth of ADA purchased in January 2021 may be worth $6,750...

Cardano Founder Explains to User How Much ADA Bought with $5,000 in January 2021 Is Worth

According to Cardano creator Charles Hoskinson, $5,000 worth of ADA purchased in January 2021 may be worth $6,750 at this time, implying a $1,750 increase. The Cardano creator said this in regard to the timing of the market’s performance.

If you bought in Jan of 2021, then it would be worth $6750. What’s your point? Markets go up and down and I somehow have control of it? I don’t think you understand how crypto works and why it exists

— Charles Hoskinson (@IOHK_Charles) August 5, 2022

Hoskinson was responding to a Cardano user who said that he had purchased $5,000 worth of ADA in July 2021, which is now only worth $1,500. In this regard, Hoskinson touched on the volatile nature of the cryptocurrency market by saying, deadpan, “Markets go up and down.”

Cardano’s ADA was trading marginally higher at $0.50 at the time of writing.

As reported by U.Today, Cardano founder Charles Hoskinson said that cryptocurrencies had entered a bear market when questioned about the dull performance of ADA. Following bearish market conditions from the beginning of 2022, ADA has significantly underperformed this year after posting enormous gains in 2021. It is now 83.57% lower than the record high it attained in early September 2021 before the much-publicized Alonzo upgrade.

Cardano records 47 million transactions in July

A monthly summary of on-chain statistics was just released by the Cardano Foundation. On-chain transactions have increased by 4.90%, to 47 million. The transaction types consist of 49.3% simple transactions (pure ADA or ADA with token transfers), 23.6% metadata (without smart contracts), 15.4% smart contracts (without metadata) and 11.7% smart contracts (with metadata).

The number of native tokens issued on the Cardano blockchain is up 6.34% to 5.7 million, with 58,993 distinct minting policies. The number of Cardano wallets officially hit the 3.5 million mark while that of Plutus scripts neared the 3,000 mark.

#Cardano monthly on-chain stats💥
🚀🆙💪 pic.twitter.com/Fn0ihd1x8V

— Cardano Community (@Cardano) August 3, 2022

Digital asset bank Sygnum has expanded its staking portfolio to include ADA, which presently ranks as eighth largest cryptocurrency by market capitalization.

Source: https://u.today/cardano-founder-explains-to-user-how-much-ada-bought-with-5000-in-january-2021-is-worth

Post navigation

AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/technolo...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.6K views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)