Cardano (ADA), one of the many sleeping giants in the market today, seems to have slept for too long. To be candid, almost dead.
The cryptocurrency came to limelight towards the end of 2017 to the beginning of 2018. In January of 2018, it attained an all-time highest price of $1.15, a 5,650% gain from $0.02 when it started trading on exchanges. The Charles Hoskinson-led cryptocurrency now trades at $0.03, crashing down to almost its start price.
Thankfully, Cardano holders have seen a little bit of relief, as the cryptocurrency leaps just a little bit, making a 4% gain in the past 24hrs.
Though it’s difficult to figure out what had caused the recent development; however, the community thinks the recent movement could be tied to Cardano’s recent announcement.
Cardano’s ADA, and IOHK, the company behind the cryptocurrency which has had no major exciting news for a long time, released an update of recent.
Its latest update emphasized the position of the project as it relates to the Cardano wallet, the platform, Cardano’s explorer, among other things. This update may have revived the lost hope investors have in the project.
A recent comment by Charles Hoskinson shows the project is working tirelessly to push the Cardano projects to great heights. Mr. Hoskinson expressed in his words during a meetup held in Plovdiv, Bulgaria, that the Cardano is working to becoming the most useful cryptocurrency on the market.
