Cardano: You CANT Ignore ADA!! Latest Updates

Aug 05, 2021

👨‍🏫Cardano Recap👨‍🏫

Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson and Cardano’s main net went live in the fall of 2017 Like Ethereum, Cardano is a smart contract cryptocurrency which seeks to be the backbone of the future of finance

📰Cardano Updates Part 1📰

In March, Coinbase finally listed ADA. In April, IOHK secured a partnership with the Ethiopian government. Also in April, The University Of Wyoming started staking ADA for extra income 🗞Cardano Updates Part 2🗞 In May, ADA was added to the Revolut mobile banking app. In June, ADA become available for lending and borrowing on Nexo. In July, ADA was added to Grayscale’s Digital Large Asset Trust

😱Charles Hoskinson Under Fire😱

If you’ve been watching Charles’ channel on YouTube lately, you’ve probably noticed that his recent videos have received an uncanny number of dislikes This is because a popular Indian YouTuber called Ashkar Techy was hacked by scammers who created a Cardano giveaway scam livestream featuring Charles Hoskinson himself. Thousands of Ashkar’s fans have blamed Charles for the hack

📅Cardano Smart Contracts Alonzo Roadmap📅

The first stage is Alonzo blue, the second stage is Alonzo white, the third state is Alonzo purple and that’s when the test-net goes public with thousands of users Alonzo Red and Black will just stress test Cardano’s smart contract scalability and stability and address any last-minute bugs that were not caught in the previous colors in preparation for launch So far the Alonzo roadmap is on schedule, meaning we could see Cardano smart contracts live as soon as late August or early September

📈ADA Cryptocurrency Price Analysis📈

I could see ADA reaching 4-5 dollars by the end of the year assuming Bitcoin see’s another slingshot to the upside in September or October which is likely in my opinion

🕵️‍♂️Charles Hoskinson ADA Holdings🕵️‍♂️

Charles noted in AMA that he briefly became a billionaire during the last bull market, and that he became a billionaire again earlier this year. In both cases, ADA crossed the 1-dollar threshold Charles revealed in his most recent AMA that his net worth is currently 2.5 billion dollars, which would suggest that he holds more than 1 billion ADA but less than 2 billion ADA

👨‍💻Cardano Smart Contract Concerns👨‍💻

For starters, there still doesn’t seem to be a comprehensive list of crypto projects that will be deploying on the Cardano blockchain. It also lacks cross-chain bridges with other key cryptocurrency blockchains

~~~~~ 📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.