Cardano Dominates Exchange Trading as Charles Hoskinson Calls Out "Salty" Haters

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Sun, 02/28/2021 - 09:39
Alex Dovbnya
Cardano's trading volume has briefly surpassed that of Bitcoin on the Kraken exchange
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The 24-hour trading volume of Cardano (ADA), the native token of the eponymous smart contract platform, has surpassed that of Ethereum, according to data provided by Messari.

Over $5.17 billion worth of the token has changed hands in one day.    

ADA/USD also became the most-traded pair on the Kraken exchange before slipping to third place. 

The ADA/USDT pair on the Binance exchange has generated nearly $2.5 billion worth of trading volume over the past 24 hours.   

Cardano's daily volume is now 634 percent higher compared to just a month ago, according to CoinMarketCap data.   

Related
Cardano Tops Its 2018 High, Becoming Third-Biggest Cryptocurrency

The bigger the coin, the bigger the target 

After Cardano finally managed to topple its January 2018 high earlier this week, it revived the old “Ethereum killer” narrative that initially propelled its rise in 2017.

This, of course, provoked pushback from the Ethereum community whose members persistently accuse the project of being “vaporware” that is yet to deliver smart contracts after years of development.

In his recent tweet, IOHK CEO Charles Hoskinson took aim at detractors, urging Cardano fans to create a coin for “salty” haters:   

Alright cardano fans, could you create an asset on cardano in March labeled no more tears? We can send NMT Coin to all these salty Twitter users.

The upcoming Mary hard fork will make it possible to create native assets on the Cardano blockchain.   

                   
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.


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