Cardano Up 38% Over March Updates, Takes Third Spot On CoinMarketCap
A remarkable sight in the CoinMarketCap Top 10 yesterday was met with and abundance of memes both on Reddit and Twitter. For most of the trading session, as Bitcoin fell to $46,000 and Ethereum rested on a $1,600 level, Cardano seemed to be the only one able to stay in the green (Tether is excluded as it always stays around $1, which is it’s role as a stablecoin).
Today, as crypto recuperates, Cardano does even better and is up 38%. The Cardano price is currently trading around $1.41.
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One coin to rule them all
Yesterday Reddit’s cryptocurrency subreddit showed a board of red with one green coin ADA in the middle, featuring the comment: One Coin To Rule Them All (referring to the famed Lord of the rings saying One Ring To Rule Them All).
Fine, I’ll just do it myself. Cardano is having one of these days.
He was also clearly happy to see respect and support received from famed internet savant and MegaUpload founder Kim Dotcom, who stated that he likes Cardano and respects Hoskinson.
Cardano had recently announced that:
The “Mary” protocol update (which will require a hard fork) would be applied to the mainnet on March 1 already, which is another key milestone in the Goguen rollout.”
WE'RE ON!! We can today confirm that the ‘Mary’ #Cardano protocol update is now fully confirmed for March 1st.— Input Output (@InputOutputHK) February 24, 2021
Another key milestone in the #Goguen rollout, the update introduces native tokens & multi-asset support, bringing exciting new use cases for #Cardano 1/3 pic.twitter.com/FFK0cGNbmD
The company added that:
The update introduces native tokens and multi-asset support, bringing exciting new use cases for #Cardano.
This is not the first time that Hoskinson used a Thanos reference to place Cardano as the apparent only one able to successfully challenge Ethereum as a platform of choice for the future. Of course, the glove featuring the five rings is also a clear reference to the various updates his platform is seeing.
Cardano is having one of these days pic.twitter.com/jAxUFzQcCc— Charles Hoskinson (@IOHK_Charles) February 26, 2021
It will be interesting to see if it can become the challenger Hoskinson is hoping it will one day be.