Cardano News: U.S. Securities and Exchange Commission’s (SEC) recent attack on the biggest of the crypto exchanges, Binance and Coinbase, led to a major decline in top crypto prices, and Cardano (ADA) is one of them. However, Cardano’s founder suggests that the ADA ecosystem is growing amid uncertainty in the market.
Cardano Growing Amid Increased Uncertainty
Charles Hoskinson, Cardano founder shared statistics supporting the growth of ADA. He stated that there is a lot of noise in the crypto market but look out for the signals. Data depicts that Cardano is getting real adoption and growing as an ecosystem in the harshest of conditions the industry has ever known.
Hoskinson compared ADA with Bitcoin and suggested that the growth is being done in a completely decentralized manner.
However, major crypto exchanges including Huobi announced trading pairs of Cardano from the platform in the reaction to SEC’s categorization of Cardano and other crypto assets. ADA price has dropped by more than 26% in the last 30 days. It is trading at an average price of $0.277, at the press time. Read More Cardano News Here…
Data claimed that Cardano Defi is the fastest growing ecosystem measured by total value locked (TVL).
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Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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