Cardano is down 1.23% amid low trading activity. Charles Hoskinson comments upon Emurgo and IOHK breakup. Cardano (ADA) is changing hands at $0.07, down 1.23% in recent 24 hours. The coin now takes the 9th position in the rating of top-20 cryptocurrencies with a market value of $1.7B. The nearest support lies with $0.068 congestion zone. Once it is cleared, the downside may continue towards $0.066, which is the recent low reached on October 14, following the news that Cardano Foundation parted ways with Emurgo and IOHK. The resistance is created by $0.0723 (SMA50, 4-hour) with SMA100 (4-hour) sitting at $0.0736. A sustainable move higher is needed for the coin to proceed to $0.08. Meanwhile, commenting the recent developments, Cardano’s CEO Charles Hoskinson explained that it is not correct to draw parallels with Tezos situation, referring to the recent breakup with Emurgo and IOHK. “Where it has a collection of duties and responsibilities that are for the community but whether it does these things or not doesn’t stop development does these things or not doesn’t start a partnership in business development and because of the triumph or its structure we had resiliency. So if it fails to other entities can step in and fill in for it and continue moving the project along.” He went on explaining that crisis of governance is something all coins have to go through. “The ability to overcome that event is what tells you that cryptocurrency is going to be around for a long time. Bitcoin survived the loss of Satoshi, and it is still going strong, so similarly we are no different, and Cardano has to overcome this little blip.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD moves to session tops above 1.1350 ahead of EMU CPI FX Street 4 years Cardano is down 1.23% amid low trading activity. Charles Hoskinson comments upon Emurgo and IOHK breakup. Cardano (ADA) is changing hands at $0.07, down 1.23% in recent 24 hours. The coin now takes the 9th position in the rating of top-20 cryptocurrencies with a market value of $1.7B. The nearest support lies with $0.068 congestion zone. Once it is cleared, the downside may continue towards $0.066, which is the recent low reached on October 14, following the news that Cardano Foundation parted ways with Emurgo and IOHK. The resistance is created by $0.0723 (SMA50, 4-hour) with SMA100 (4-hour) sitting at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
