Cardano News Today – In our Cardano price prediction yesterday, we talked about how the price of Cardano ADA was recording higher highs against the USD. The token, which has maintained an all-round bearish trend over the last 30 days, has recovered by more than 20% within the last 24 hours. Just three days ago, the Cardano ADA token was struggling within the $0.032 and $0.034 level. Yesterday, the bulls suddenly took full control of the market driving the price of the ADA token to the $0.036 level. In our Cardano ADA price prediction yesterday, we said that the token is going to retest the $0.037 level if the bulls held the line.
At the time of writing, the price of Cardano ADA was $0.0379. This means that it is up by 7.53% against the USD and up by a 5.78% level against the price of Bitcoin BTC. The trading volume over 24 hours is $95,314,572 and the market capitalization is $982,650,473. The technical chart shows that the token is most likely going to post higher gains near-term. The price of Cardano ADA is moving higher in response to the rest of the altcoin market. While the price of Bitcoin BTC is also rising, altcoins are currently ruling the market.
Cardano (ADA) Price Today – ADA / USD
In other news, Cardano’s Charles Hoskinson recently talked about Ethereum and its founder. Hopkinson said that Ethereum would have developed faster and reached full scalability sooner if Buterin used the Snow White PoS consensus mechanism. This Snow White PoS consensus mechanism was developed by Elaine Shi many years ago, this mechanism, according to Hoskinson, would have expedited the development of Ethereum 2.0. In his words;
“My biggest problem is that he hasn’t divided and conquered. Like, for example, the development of Casper — with Casper, Vitalik could have gone to Cornell and went to Elaine Shi. She wrote a great protocol, called ‘Snow White,’ it’s a competitor of our ‘Ouroboros’ [Cardano PoS consensus]. And back in 2016, Elaine Shi came up with this, so he could have very easily gone there and said, ‘Here is a $5 million grant, go develop Casper.'”
According to him, it would have been better for Buterin to develop the already existing foundation instead of starting everything from scratch. He said that this would have solved a lot of time and effort for Ethereum’s development team.