Keeping up with the changing attributes in the crypto domain is highly challenging in this busy world. The article intuitively covers the recent advancements with respect to Cardano.
Cardano news updates from the past few months
Things have not been quite in favor of Cardano, within the past few weeks as the existence of Cardano Foundation is at stake. The Cardano project was a joint venture of three organizations namely, the Cardano Foundation, IOHK, and Emurgo. The overall workload for the development of the blockchain protocol was divided among them equally. But, recently the Cardano Foundation has been accused of underperforming. The CEO of the project, Charles Hoskinson in favor of IOHK and the CEO of Emurgo, Ken Kodama submitted an open letter to the Cardano foundation marking its underperformance.
The Cardano Foundation has also various futuristic roadmaps for the fourth quarter of 2018. It predominantly concentrates upon decentralized and fully autonomous systems. Interestingly the foundation has five stages of the roadmap, and currently, it is in the Byron stage, but are parallel working for the development of its next stage, the Shelley stage which focuses on multi-signature transactions for HD wallets.
Price analysis
July
From $0.13 to $0.19 the prices marked a significant rise during the month of July. But later again it fell back to $0.13.
August
Further bearish Momentum was experienced by the prices, as it fell from $0.13 almost to $0.091 level.
September
On 5th September 2018, the price broke its support level of $0.1 and drastically fell to $0.06.
October
From $0.08 the prices fell up to $0.07. The 9th largest cryptocurrency is trading around $0.073528.
