Altcoins News | Bitcoin News Today – Blockchainreporter

  • The meeting is seen as a bullish sign for ADA cryptocurrency
  • Cardano and AION blockchain could leverage each other’s blockchain capabilities
  • ADA sits at 11th position on CoinMarketCap crypto table

One of the blockchain projects that have quietly been working according to their long-term roadmap is Cardano (ADA). The altcoin does not really engage in marketing hoopla but instead likes to keep it to itself and let the results do the talking.

ADA on the Brink of a Bull Run?

The Cardano community is burning the midnight oil to successfully transition to the highly-anticipated Shelley update. The hard work of the ADA community continually shows in the digital token’s price as the date for Shelley Update draws closer.

According to the latest news from ADA ecosystem, the founder of Cardano and CEO of IOHK, Charles Hoskinson recently meet the CEO of decentralized applications (dApps) platform AION. The two tech veterans discussed cross-blockchain interoperability and potential partnerships for the future.

Surely, coming together of thought leaders from the nascent industry is a good sign pointing out the steady maturity of the space. If the industry aims to achieve decentralization in the true sense of the term, it would be possible only through collaborative work of various projects with a similar vision.

The meeting of Hoskinson and Matthew Spoke, the CEO of AION blockchain, has sparked considerable excitement within both the communities. Close followers of both the projects have taken the discussion on interoperability solutions in a positive light saying that it could open a plethora of opportunities for Cardano and AION to leverage each other’s strong points to propel the adoption of blockchain technology.

The potential partnership down the road could also help give a much-required impetus to the adoption of dApps the world over.

Cardano has proved to be one of the most fundamentally sound blockchain projects. The ADA ecosystem has continually improved on its scalability aspect and has stressed the importance of decentralization.

From an investment perspective, ADA looks like one of the sleeping giants at the moment. Other altcoins have had regular mini-rallies in recent time such as Brave’s BAT, and EOS, and it might very well be the time for ADA to do the same, especially with the Shelley update right on the cusp.

At press time, ADA trades at $0.046 with a market cap of $1.211 billion and 24-hour trading volume of $23 million.

 

 

 

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