Cardano [ADA] lights up green with all cryptocurrencies; see an increase of 11%

The month began with the blessing of the entire cryptocurrency market, since all the coins are green. The month seems to be particularly favorable to the Altcoin as they have made more progress than the largest cryptocurrency, Bitcoin. Among the top ten among the first classified are XRP, Stellar Lumens [XLM] and Cardano [ADA]. In the battle for the second position, XRP was able to detect the position of Ethereum for a short time.

Cardano [ADA], the eighth largest cryptocurrency, also joined the bull chariot while the currency has increased by more than 2% in the last 24 hours. According to CoinMarketCap, at the time of printing, the currency was trading at $ 0.078 with a market capitalization of over $ 2 billion. The trade volume of the currency was over $ 46 million and had increased by 11.98% over the last seven days.

Cardano [ADA] price table Source: CoinMarketCap

The highest volume of the currency was recorded to be paid by the ZBG exchange, and the second highest volume was recorded on Binance, the largest exchange of cryptocurrencies in the world in terms of trade volume, followed by Upbit.

Recently, Charles Hoskinson, the founder of Input Output Hong Kong, revealed that the Foundation has embarked on a different path than the rest of the project. This is mainly due to the constant disagreement between the Foundation and IOHK. The CEO stated that the Foundation used the Cardano brand in unethical ways. He went on to say that the Foundation was not suitable for the current ecosystem structure.

The Founder also appreciated Ethereum and Vitalik Buterin in an interview. Hoskinson chose Ethereum to be the best intelligent space contracting platform in space and said that if the foundation were to succeed, Ethereum would be a great platform for implementing smart contracts. He has declared:

"I would say what Vitalik is doing with Ethereum is a perfectly legitimate approach: if you look at his philosophy with Casper and Plasma and move from EVM to Web Assembly, its logical consistency and a reasonable collection of ideas and I think that within a reasonable time, 2-4 years, they will probably be able to realize that vision "

Along with this, Charles announced that Icarus, a code developed by IOHK as a reference implementation for the lightweight cryptocurrency portfolio, was ready for adoption. This was announced after an audit conducted by Kudelski Security, a third-party security auditor. In addition, Trezor, a popular hardware portfolio, has also announced its support for cryptocurrency along with other coins.