Its the start of the week and the entire cryptocurrency market is sitting just above the $300 billion. Bitcoin (available on Coinbase) (BTC) is currently trading at just above $8,100 and Ethereum (available on Coinbase) (ETH) has dropped below the $500 mark, trading at $484.01 a coin. There doesn’t seem to be a clear reason for the correction, as Friday saw a $50 billion spike. Still, there are currently three coins in the top 100 that are seeing some price gains today, with the gold-backed coin, DigixDAO, leading the group.
Cardano’s founder, Charles Hoskinson, has been presenting and attending meetings around the globe non-stop within the past few weeks. Cardano’s first update was launched just over a week ago, and news has just been released on when the next upgrade would be initiated.
Cardano update 1.2 is on schedule for a mid-April release. Looks like we are finally getting paper wallets. Some more performance and bug fixes as well.
— Charles Hoskinson (@IOHK_Charles) March 25, 2018
Some may feel that progress of the Cardano project is “slow,” but this just goes to show that they don’t really understand the foundation of Cardano. The Cardano team relies on peer-reviewed research and is academia backed. A top priority for the team is to have a fully functional release, without any sort of complications. New news is good news, but the true Cardano supporters know the coin is a long-term hold as the team has just begun scratching the surface on what they seek to build.
At press time, ADA is trading at $0.165 a coin, down -10.71%, in 24 hours. It remains the 6th largest cryptocurrency by market cap.