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Cardano (ADA) reacted well to the last bitcoin bull race, which was self-evident. Beginning in July at $ 0.134, the coin rose steadily, going up to $ 0.166 before consolidating to about $ 0.160. Cardano is currently traded at 0.159838 USD, an increase of 8.54% over the last 24 hours. With $ 4.15 billion in market capitalization, the coin will seek to maintain its 7th position on the coinmarketcap's most valuable cryptocurrency list.
ADA is up more than 23% over the past week C & # 39; s is the biggest winner among the top 10 pieces. ADA / USD will seek to maintain the positive upward trend, with a key support line sitting at the previous resistance of $ 0.145.
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In the news related to FA, Charles Hoskinson, the creator of Cardano and IOHK (the foundation in charge of ADA), has gone around lately. Just as we recently reported, the so-called partnership with Tron will not be discussed between the two teams, although Hoskinson proposed to Justin Sun to use some of Cardano's core code for his own project . Hoskinson, in his recent tweet, wrote:
"Ok-final-housekeeping info There is no partnership or collaboration with Tron.There is no approval from Tron.I just recommended to Justin to use Mantis because EthereumJ is not a solid or secure code base on which to work and they rely on the JVM. "
Hoskinson stands recently complained that his project was not getting enough media attention. Well, it's safe to get it now that Hoskinson and IOHK's engineering director, Duncan Coutts, were recently invited to Google's headquarters in London to talk about the Cardano project and the Ouroboros protocol [19659007]. what was discussed during their visit. Hoskinson, among others, explained the utility and liquidity that crypto-currencies could potentially introduce into our daily lives:
"So I can go to Starbucks, and I can have my house symbolized, and I can to sell it. There is a market maker who lives between the two, and I'm selling a millionth from home and I can buy that cup of coffee, someone bought it and the shopkeeper is paid in dollars or in pounds. "
the invitation may suggest that Google tries to find out more about Cardano and cryptocurrencies in general, there have been no other indications that a potential partnership between the two companies could be formed in the future.
In other news, Cardano was recently listed on CoinRoom, a Korean crypto exchange, and will be traded for the Korean Won for the first time. Facilitated by EMURGO, a sister company IOHK that has been responsible for integrating real-world businesses with Cardano, this listing is expected to provide an additional influx of liquidity into the ADA markets, which could lead to future price gains .
The authors of CaptainAltcoin and the authors of invited publications may or may not have a direct interest in any of the projects and companies mentioned. The content of CaptainAltcoin does not constitute investment advice and does not replace the advice of a certified financial planner.
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