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Cardano News

Charles Hoskinson: “2020 Is Cardano’s Year, ADA Will Be Massive”

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The main guy behind Cardano (ADA), Charles Hoskinson, has made a bold claim in the cryptocurrency news today, predicting that 2020 will be the year when the cryptocurrency project is going to be massive. Hoskinson believes that the advanced protocols will function to position ADA as one of the strongest cryptocurrencies in the industry.

What’s interesting is that this prediction comes during a market slump and a major drawback which has seen a lot of coins in the red. Cardano (ADA) is definitely one of them, losing more than 6% on the day.

However, Charles Hoskinson believes in his statement that the project is going to be massive next year. He sent out a tweet recently where he noted that the releases of numerous advanced protocols are why ADA may be positioned as one of the strongest digital assets in the space next year.

According to Hoskinson, the Cardano project “will be a beast” come 2020.

The Cardano latest news also show that this prediction comes at bad times for the market. Even though Cardano fans came out after the tweet to commemorate the release, it is true that many are skeptical about the future of the crypto markets.

For instance, we could see the leader Bitcoin shedding more than $200 today and around $500 this week, with a current price below $8,000. Perhaps this trend will stop – but anyways – we are seeing the BTC price losing a lot over the course of the past weeks and falling to new four week lows.

In theory, the Cardano project and its fan base look optimistic. However, the reality is that one of them posted a reply saying that Cardano had raised the bar for blockchain projects and is set to make huge waves in the market in the coming year.

Both Charles Hoskinson and a lot of Cardano (ADA) backers are confident about a bright future for the coin. Until then, however, we must weigh in the fact that Cardano (ADA) lost a lot over the past couple of weeks too. Its peak price of $1.11 during January 2018 is a proof that there is space for more gains – but only with a market that is supportive.

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Cardano News

Cardano’s ADA Becomes Best-Performing Asset Among Top 20 Coins

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Cardano’s ADA the native coin of the Cardano platform is one of the best performing coins among the TOP 20 digital coins today, as a result of the newly launched crypto payment method, AdaPay made for merchants, by the Cardano Foundation as we are reading in today’s Cardano Ada news.It was together with COTI, an enterprise-grade fintech platform, that the method was developed which "allows merchants to accept payments in Cardano's ADA with a near-instant settlement into 35 fiat currencies directly into their bank accounts," the foundation said on Thursday. Ada is ranked on the 11th position by market cap and rallied quickly after the news, reaching a trading price of $0.042. The price has grown by 8 percent in the past 24 hours and by 12 in the previous week. However, it is still down by 3 percent over the month and is unchanged in the past year.At the end of October 2019, it was announced by the foundation about the development of the payment gateway. The latest solution can be easily integrated into the merchant website with the help of adaPay Button or just by using the QR-based point of Sale system. The Ada foundation uses the COTI universal payment solution which aims to provide other financial services such as lending products and prepaid debit cards.A demo store was created by COTI in meantime with the goal of demonstrating how payment with ADA works. Martin D. Weiss, founder of Weiss Ratings, and Juan Villaverde, co-author of the Weiss cryptocurrency ratings claimed in a new opinion piece that ADA is among "true cryptocurrencies."
"They include Bitcoin, Ethereum, Cardano, EOS and others — digital money, which could someday function like dollars, euros or yen, but with much more transparency, efficiency and monetary discipline," they said.
Prior to this, the chief of Cardano (ADA) Charles Hoskinson hosted a live Ask Me Anything (AMA) session on YouTube where he talked about a lot of things and answered questions from the public. One of the most interesting topics was him labeling the Stellar XLM burn of 4 million tokens as “insane” one, noting that he could not believe this is happening.
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Cardano News

Cardano Foundation Releases AdaPay, ADA Surges 5% As A Result

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The Cardano Foundation releases AdaPay along with COTI - as an initiative which allows merchants to accept ADA and receive fiat on their bank accounts. As announced in October, this collaboration adds ADA as a payment option for merchants using the COTIpay platform.However, the cryptonews also show that AdaPay is a distinct offering as merchants who will integrate it will only be able to support ADA. As the Cardano Foundation releases AdaPay, the payments are expected to be settled "near-instantaneously" and can be converted to 35 fiat currencies for the merchant receiving them.The joint collaboration between the Cardano Foundation and COTI was also wrapped up in a video which explains the payment procedure in detail.https://www.youtube.com/watch?v=2AWxWixGnukPhysical stores can also benefit from a point of sale system which is based on QR codes. The system will be native to COTI and its Universal Payment Solution platform. There will be some upcoming features such as lending products and prepaid debit cards made available for ADA merchants as well.The announcement which describes how Cardano Foundation releases AdaPay was also discussed on the Cardano forum. Members of the forum shared their excitement about the near instantaneous payments and how they are even possible.The Cardano coin news also show that the price of the ADA coin has surged as a result of this move. In a market which is showing reds and negative signs today, we can see major improvements from this altcoin and a potential for many new gains in the upcoming periods.Prior to this, the chief of Cardano (ADA) Charles Hoskinson hosted a live Ask Me Anything (AMA) session on YouTube where he talked about a lot of things and answered questions from the public. One of the most interesting topics was him labelling the Stellar XLM burn of 4 million tokens as "insane" one, noting that he could not believe this is happening.As Cardano Foundation releases AdaPay, it continues with its advancements year after year. The ADA token is popular as a result of this and besides being the only nice gainer on the day - is also a token with a growing capitalization. At press time, ADA is at the 11th position with a market cap of $1.06 billion.
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Bitcoin News

Bitcoin BTC $10k Target With $100k On The Horizon: Cardano Chief

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The creator of the famous Cardano altcoin and the co-creator of Ethereum is in the cryptocurrency news today for stating that he will wait for the Bitcoin FUD to die down after the world's leading cryptocurrency dropped over $1,000 in two days and plunged to a low of $6,955 ($6,800 on some exchanges). Currently, the cryptocurrency is stabilizing and the chief behind ADA believes that a Bitcoin BTC $10k target is definitely realistic in the near term.However, Charles Hoskinson, who is the creator of Cardano (ADA) was viral in the news for giving a higher target for Bitcoin soon. He said that once the dominant coin reaches $10,000, a new target of $100,000 will come to play.Hoskinson gave the new Bitcoin BTC $10k and $100k targets on Twitter, stating:“Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world.We will see 10k BTC again and welcome 100k. Crypto is unstoppable. Crypto is the future.”https://twitter.com/IOHK_Charles/status/1197896099106828288Appearing in a live stream video from Dubai, the Cardano chief confirmed the developments for the ADA coin, a public blockchain which uses the cryptocurrency to send and receive digital funds. He talked about the cryptocurrency wallet Daedalus and how it is on track with everything.Besides the Bitcoin BTC $10k target, Hoskinson commented on Daedalus and said:“We’re really happy about Daedalus. We’re really happy about the code quality. We’re happy about how quickly we’ve been able to move this month and how much we’ve learned from moving this fast this month.We’re really in a good stride and so next year is going to see a lot releases. It’s going to be easy for us to get these releases out and we’ll just continue getting more feature rich. We’re also looking to some state-of-art technology that wasn’t necessarily in our roadmap."The chief executive officer at Cardano (ADA) was also in the Stellar Lumens news before for stating that a burn of 4 billion XLM coins translates to "insanity." However, he is confident about the future of Cardano (ADA) in general and said:“Cardano is kind of a financial operating system for those who don’t have one.”
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Cardano News

Cardano Chief Charles Hoskinson On Stellar’s $4B Burn: ‘Insanity’

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The Cardano chief Charles Hoskinson recently had a chance to talk about the Stellar Development Foundation (SDF) and its recent decision to burn 55 million XLM tokens which were worth around $4 billion at the time.Hoskinson noted that this move has created little in the way of value for Stellar and noted that the funds should have been invested in development. The main guy behind Cardano was in the crypto news through an ask-me-anything video which was live streamed on his YouTube channel earlier this week.In the AMA session, the Cardano chief Charles Hoskinson was asked about Stellar's XLM burn and whether he considered that the SDF's decision is legit - or was a mistake. To this, Hoskinson answered:
“What value did [the token burn] create for Stellar? There was a short-term price appreciation that the markets took back. And they've permanently lost all that value that could protocol development, or for community development.”
The Cardano chief also claimed that the SDF had prioritized the short-term gains at the expense of the protocol and its integrity. In his opinion, token burns were intrinsically a bad idea. However, Hoskinson said:
“It’s like basically saying, ‘I can’t figure out what to do with this big pile of money, so I’m just going to set it on fire to make money scarcer, to give a small gift to everybody. It’s insanity. Burns never work – they’re market manipulation in the short-term for speculators at the expense of the future of the protocol.”
The Foundation was in the news before and said that Stellar "is not mined, so the lumens now in public hands are there because we’ve worked hard to get them there over the last four years." They also pointed out that SDF "can be leaner and do the work it was created for using fewer Lumens."You can watch the full AMA session by the Cardano chief Charles Hoskinson below.https://www.youtube.com/watch?v=lSVNj3g6sDMThe Stellar Lumens news showed XLM rocking up to short of 19% after the burn. However, the token has gone into a mode of suffering along with Bitcoin and other cryptocurrencies which are deep in the red today during the most recent price tumble.While Bitcoin (BTC) is now below $7,500, Stellar's XLM token also lost 5% and is at $0.0589. Cardano (ADA), on the other hand, lost 6% overnight and positioned itself at $0.0369.
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