In a recent interview of Invest Diva with Charles Hoskinson, founder of Cardano and co-founder of Ethereum which was published by Nasdaq in their recent article highlighting the points discussed by Charles about his journey and Cardano. Charles believes that his proudest work is with Cardano and IOHK, Not Ethereum.
Charles discussed how Cardano has the potential to become the cryptocurrency of the future. As stated by Charles, the makers of the coin are focussed on extending its access and adoption to the developing world recognizes that the coin is especially valuable for individuals living under corrupt regimes or without access to banks.
Current Status of Cardano: The currency is trading at the value of $0.045853 and its value is decreasing by 6.36%. The market capitalization of the currency is $1,188,838,026 and the 24-hour volume was $77,759,342. The circulating supply is 25,927,070,538 ADA and its ROI is 111.52%.
Yesterday too, the currency started the day with bearish pressure and its value was decreasing by 2.55%. The trading value was around $0.047 and it dropped from $0.049. However, the value again gains the bullish movement in the value and the currency increased by 2.60%, taking the value up to $0.047 from $0.049. On 22nd September, the currency was under bearish pressure.
On 22nd September, the value of Cardano is dropped by 5.33% and the value dropped up to $0.049 from the value of $0.051. The bearish movement was so strong that the value of the currency again decreased by 3.14% and reached up to $0.047 from the value of $0.049. However, by the end of the day, the currency gains movements and increased by 2.72% and took the value around $0.049 at the time of closing.
The cryptocurrencies in the market are experiencing ups and downs in their values daily and sometimes it becomes bullish and sometimes become bearish. On the other hand, some currencies in the market have maintained their value really well like Cardano. However, the currency is continuously showing bearish pressure from last days. Yesterday the currency was doing a bit better but today the value under immense bearish pressure. The currency is currently positioned at 11th rank in the market.
The experts are saying the value of the currency will go up soon and investment will be profiting. The traders are a lot of faith in the currency.