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Cardano [ADA]’s Charles Hoskinson says ADA will become top coin in the market if the current momentum continues

Akash Anand

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Cardano [ADA]'s Charles Hoskinson: 'If we keep up our current momentum we will become the leading cryptocurrency in the market'
Source: Pixabay

Proponents of the cryptocurrency market have always played an important role in furthering the mainstream adoption of digital assets by speaking about the latest updates and developments in their respective cryptocurrency network. The latest luminary from the space who talked about its progress was Charles Hoskinson, the Chief Executive Officer [CEO] of IOHK, the organization which handles projects like Cardano [ADA] and Ethereum Classic [ETC].

Hoskinson touched on the various developments within IOHK and the company’s roadmap ahead. He stated that the organization has been building the project in stages while, at the same time, there has has been a lot of pushback and a barrage of negative comments in the space. In his words:



“Despite all the negativity, we have two independent groups working on the protocol while they both learn from each other. One group is ensuring that the creative side of the protocol is still intact while the other works in a much more methodical and precise way. I am pretty confident that if we keep up this momentum, we will be the leading cryptocurrency in the market.”

Speaking about the roadmap, the computer scientist stated that it is due for a significant overhaul and that there were certain clashes regarding it within the company. He said,

“The roadmap design was a product of the project management team and the engineers did not have any ownership of it. This resulted in a lack of cohesion amongst the developers and that is why we are changing it. Instead of huge monthly updates, we are going to go for weekly progress now and you will see updates about the Haskell wallet too.”

Hoskinson added that the organization wanted to launch the Shelley test net during the IOHK summit, but due to certain changes, it had to be delayed again. He has been confident about the release of Shelley this year and has even gone as far as stating that he would eat his own shoe if it does not happen. The CEO also assured users that the second half of the year would be much more methodical and organized with the added advantage of cascading releases rather than sequential releases like usual.





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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