Cardano (ADA) & Ethereum (ETH) – The cryptocurrency market is continuing to climb today and is currently sitting just over $430 billion. Today, we’re taking a look at two cryptocurrencies that are soaring on the market today.
Source: CoinMarketCap[1]
Despite a few regulations being implemented in Iran and the SEC planning further crypto crackdown; panic selling seems to have subsided – finally.
Cardano (ADA)
Source: CoinMarketCap[2]
Cardano is making a major price run-up today, as most coins are surging on the market. It remains unclear as to why specifically ADA is rallying, but it very well may be that it’s riding off the other coins runups.
At press time, ADA is trading at $0.317 a coin, up 10.76%, in 24 hours time. For the week, ADA is up 25.2% and for the month, Cardano is up 60.9%.
The team behind Cardano is steady at work, as the full product is years from completion. Charles Hoskinson Cardano’s founder just tweeted a screenshot of their current progress.
Software Development Process and Methodology day! pic.twitter.com/AOmv6s7WQw[3]
— Charles Hoskinson (@IOHK_Charles) April 24, 2018[4]
While projects are always upgrading and improving, these new third-generation blockchain projects are lofty and will take some time to develop. Coins like ADA, EOS, and TRON are all long-term holds.
Ethereum (ETH)
Today, it was announced that MyEtherWallet.com was hacked and 215 ETH was stolen within three hours. MyEtherWallet’s official Twitter responded to the matter by saying[6]:
“Google Domain Name System registration servers were hijacked earlier today at roughly 12 PM UTC so that MEW users were
