Cardano [ADA] glows green along with all the cryptocurrencies; sees a 11% rise

The month started off by blessing the whole cryptocurrency market as all the coin are glowing green. The month seems to be particularly in favor of altcoins as they have taken more steps forwards than the biggest cryptocurrency, Bitcoin. The top gainers amongst the top ten include XRP, Stellar Lumens [XLM] and Cardano [ADA]. In the battle for the second position, XRP managed to take over Ethereum’s position for a short duration.

Cardano [ADA], the eighth biggest cryptocurrency, also joined the bulls bandwagon as the coin surged by over 2% in the past 24 hours. According to CoinMarketCap, at press time, the coin was trading at $0.078 with a market cap of over $2 billion. The coin’s trading volume was over $46 million and had boomed by 11.98% in the past seven days.

Recently, Charles Hoskinson, the Founder of Input Output Hong Kong, revealed that the Foundation has taken a different path than the rest of the project. This was mainly due to the constant disagreements between the Foundation and IOHK. The CEO stated that the Foundation was using the Cardano trademark in unethical ways. He went on to say that the Foundation was not fit for the current structure of the ecosystem.

The Founder also appreciated Ethereum and Vitalik Buterin in an interview. Hoskinson chose Ethereum to be to the best smart contract platform in the space and said that if the Foundation were to be successful, then Ethereum would be a great platform to deploy smart contracts. He stated:

“I’d say what Vitalik is doing with Ethereum is a perfectly legitimate approach. if you look at his philosophy with Casper and Plasma and moving from EVM to Web Assembly, its logically consistent and a reasonable collection of ideas and i think within a reasonable time, 2-4 years they probably can realize that vision”

Along with this, Charles announced that Icarus, a code developed by IOHK as a reference implementation for the cryptocurrency’s light wallet, was ready for adoption. This was announced post an audit conducted by Kudelski Security, a third-party security auditor. Moreover, even Trezor, a popular hardware wallet announced its support for the cryptocurrency along with other coins.