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Bitcoin Cash [BCH] hikes following EOS, Cardano [ADA] pump; registers 6% growth

Namrata Shukla

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Bitcoin Cash [BCH] follows EOS and Cardano [ADA] lead; registers growth over 6%
Source: Pixabay

The cryptocurrency market was experiencing bearish pressure as the prices of most major cryptocurrencies slumped over the past week. However, the bull arrived as EOS and Cardano [ADA] observed tremendous growth on 27 March. To further showcase its dominance, Bitcoin Cash [BCH] also managed to side with the bull and showcased a surge of over 6%.

According to CoinMarketCap, Bitcoin Cash [BCH] was valued at $167.67 at press time and held a market cap of $2.96 billion. It registered a 24-hour trading volume of $480 million and observed a growth of 6.30% over the past day. Over the week, BCH noted a growth of 6.47% and was still registering a minor surge of 0.92% over the past hour.

Source: CoinMarketCap

Source: CoinMarketCap

The sixth largest cryptocurrency managed to break its resistance and observed a rise in price. Roger Ver, a prominent BCH proponent, spoke about increasing BCH adoption in a recent video, something which could be one of the reasons for the sudden surge in BCH prices.

Bitcoin Cash [BCH] was highly traded on CoinBene via the BCHABC/USDT pair, as it registered $54 million in volume. The second place was taken by P2PB2B with $35 million in trading volume via the BCH/BTC pair. ZBG followed P2PB2B, as it noted a volume of $33 million via the BCHABC/USDT pair.

Other cryptocurrencies like EOS and Cardano also managed to register a growth of over 10% in the past 24 hours and were up by almost 0.44% within the past hour. The entire market appeared green at press time, indicating an imminent bull run, followed by a market correction.





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Cardano’s focus is on staying loyal to ecosystem’s scalability & interoperability, says Charles Hoskinson

Arijit Sarkar

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Charles Hoskinson shares Cardano's vision to enable scalable and interoperable crypto ecosystem
Source: United States Air Force

As numerous developments continue to change the face of the cryptocurrency space, IOHK’s CEO Charles Hoskinson shared Cardano’s latest innovations in its ecosystem through another one of his AMA sessions. While the entrepreneur expanded on the expected launch of its Haskell and RUST testnets, the AMA was also focused on sharing his aggressive plan to enable Cardano’s smart contracting.

Hoskinson attributed the vision’s ultimate success to three main factors, which include ability to train new developers, the model itself and Cardano’s ability to interface with the broader functional programming community. He supported this idea by saying,

“This is a huge untapped community full of credentialed and qualified programmers. By interfacing our foundation with that community, we should be able to see a lot of really interesting DApps produced for Cardano rather quickly.”

Comparing Cardano’s credibility to the infamous JAVA platform, Hoskinson claims to have made 20 reiterations of the project “because programming language theorists are perfectionists and they really want to get this done right.”

While the Cardano team continues to work towards the deployment of Shelley and Marlowe on the testnet, Hoskinson also hinted at some incremental upgrades that will be expanded upon in the next AMA, as well as on the company’s official website. Out of the many iterations, Cardano’s primary focus will be to stay loyal to the ecosystem’s scalability and interoperability across other crypto-based ecosystems.

Hoskinson also mentioned that his past contributions to Ethereum helped his team explore the design space of the code, which ultimately helped them develop a seamless ecosystem focused on user experience and ease of use. He added,

“People want to keep regulators happy. That said, we will also begin exploring some privacy ideas and how we can also increase privacy on these transactions.”

In addition to backend development, it is also important to note that Cardano’s [ADA] crypto-adoption has allowed it to dethrone Tron [TRX] from the 11th position, with respect to market cap.





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