Cardano [ADA] team has been busy with a lot of happenings recently and is doing pretty well in terms of market price as well. ADA is the world’s 6th largest coin in terms of the market cap which is worth $9.51 billion. The prices have been increasing since a week by almost 25.5% which is currently trading at $0.366.
The team has come up with a few updates in their roadmap with a vision of creating a third-generation cryptocurrency. They have made progress in a lot of areas and specifically, as the CEO of IOHK, Charles Hoskinson had earlier mentioned about the new paper wallet release. According to the update release from the team, paper wallets will see a first version release very soon. Their Daedalus wallet accounts and multi-currency ledger are the two new roadmap items that we will be looked forward to.
Stakepool Testnet registration has been extended until the end of May to give more opportunity for interested parties to register their interest.
Cardano Foundation staff stated that:
“IOHK has received over 1500 applications and has been pleasantly overwhelmed by the great level of interest.”
According to previous mentions about two Testnet releases by Cardano, they have come up with the dates for the same as they had promised. “Smart Contracts test nets will start 28th May – with KEVM first, followed by IELE VM around July.” They have been up to date about their releases and research as Charles always mentions. Cardano is working towards bringing new changes and reach the third-generation coin by taking over the three dimensions, scalability, sustainability, and interoperability.
Seb, a Twitterati says:
“It would be good if we could better see what changes are there. Is there a way to access the previous version of the roadmap? We can see what topics have been updated but I don’t know what was updated on the topic.”
Kevin Cerroni, a Cardano enthusiast says:
“Excited about Paper Wallets! Keep up the hard work team.”
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Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump
The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.
At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96 million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.
According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.
Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.
Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.
At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.
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