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Cardano (ADA) & Tron (TRX)

Cardano (ADA) & Tron (TRX) – The cryptocurrency market is slowly beginning to rebound after taking a hit this past weekend.

Source: CoinMarketCap

On Friday, Japan’s FSA announced a cryptocurrency crackdown that caused Bitcoin (BTC) and Ethereum (ETH) to plummet nearly 10%. With the sharp drop, most of the market followed suit – but has since gained some of its strength back.

Let’s take a closer look at two coins in the top ten and their latest project updates.

Cardano (ADA)

Cardano’s progress is moving right along. The project isn’t known to have flashy partnerships and announcements, unlike most of its competitors. IOHK and the Cardano team focus most of their time and energy on the fundamental developments of Cardano.

Each update is put through rigorous tests before being released to the public. What makes Cardano stand out from most of the projects built on the blockchain is that all the code was built from the ground up and Cardano was founded on peer-reviewed research.

Cardano’s co-founder, Charles Hoskinson, commented recently on the project’s movement. What is surprising is that he pulled a Justin Sun and made an announcement about a future announcement. Something he doesn’t do ever, but will be interesting to see what this “something special” entails.

If you’d like to keep up with Cardano’s progress, you can view their roadmap here.

At press time, ADA is trading at  $0.130 a coin, down -3.37%, in 24 hours.

>> Cardano Brand Refresh

Tron (TRX)

Yesterday, was Tron “Independence Day” and so far it went without a glitch. The Tron ecosystem has finally ‘broken free’ of Ethereum, or so we thought. What Tron Developers neglect to tell everyone is that most of Tron’s codebase is based on the EthereumJ library.

Another Twitter user responded to the comment and said:

Luca Nuzzi responded to CoinDesk’s Tron post yesterday by saying:

Yikes. Not so “independent” after all – eh Tron? I don’t think developers would have such an issue with it if Justin Sun hadn’t slammed Ethereum so hard these past few months and made it such a point to celebrate its “freedom” from the Ethereum. This also isn’t the first time it has been accused of plagiarism. Makes you think is anything original with this project?

If Tron developers would just step up and attribute to the actual creators of the code – it just might blow over. However, it doesn’t seem like they will do that anytime soon. Hopefully, the network doesn’t implode like many developers in the space expect it to.

At press time, TRX is trading at $0.0404 a coin, down -4.55%, in 24 hours.

Featured Image: Variety

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Cardano [ADA] Head Focuses on Product – Isn’t Concerned with the Price of ADA – Crypto Currency News

Cardano [ADA] – Cardano’s co-founder, Charles Hoskinson, has been a long-criticizer of crypto day-traders and those concerned over the daily price of coins.

Hoskinson followed his statement by saying:

Many new investors flooded the cryptocurrency space towards the end of last year, purely based on “FOMO” and because they heard the random stories of individuals making enough money to buy Lamborghinis. A large number of these investors were new to investing and hadn’t done any research or due diligence on the projects/coins they were investing in. It quickly became the gamble of which one will shoot up 1,000%, as most of them were doing Q3 and Q4 of 2017.

When the market started dropping, many of these same investors began to panic as they had never seen the crypto market in the red before and had zero experience in general market movement. These investors also had no clear understanding of the technology behind cryptocurrency and its longevity for the future.  Thus causing the market to crash $500 billion in just 30 days time.

Now, it seems investors are entering the market doing their research and believing in the projects of the coins they are investing in and also the team’s ability to execute the vision.

>> Did Tether (USDT) Manipulate the Price of Bitcoin (BTC)?

Market Manipulation

Yesterday, a new study by two professors at the Universite of Texas – Austin surfaced and displayed an argument stating that Bittrex and Tether (USDT) more than likely manipulated and influenced the price of digital currencies during the latter half of last year.

Hoskinson responded to the paper, that has now been downloaded 11,671 times, by saying:

A Twitter user by the name of @Ripoff_TA responded to Hoskinson’s original post by saying, “What do, Charles?”

The Cardano co-founder then responded:

Despite probable digital asset price manipulation, the goal remains. Real value takes time to build as Hoskinson said, and the current price of ADA nowhere reflects the true value of what Cardano will be able to do in the future.

There is plenty of educational material out there nowadays that isn’t too technical and is much easier to understand. Learn the foundational aspects of blockchain technology and how it can revolutionize our world. Be content with the projects you’ve decided on, stop checking your cryptocurrency portfolio every single day, and “HODL.”

Disclaimer: I currently “HODL” a small amount of ADA.

Featured Image: UnSplash

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