Cardano skyrockets due to technical updates

The price of Cardano cryptocurrency rose more than 300% within past 7 days due to the system updates and work on improving Bittrex withdrawals
18 December 2017   314

Cardano, a coin that was engineered by a global team of scientists and academics who have studied the blockchain technology, has been on the list of top 15 cryptocurrencies ranked by market capitalization for quite a long time, but it has moved as up as to the 6th position just some time ago, having risen almost 330% in price during past 7 days.

List of top cryptocurrencies ranked by market capitalizationList of top cryptocurrencies ranked by market capitalization

The price of Cardano remained relatively stable until December 14 when Cardano technical Report was published on the official website of the currency. Cardano increased from $0,13 to $0,23 within one day and the its market capitalization rose from $3,5 billion to $6 billion.

Cardano ChartsCardano Charts

The major updates listed in the report included:

  • Further work on the Monad stack proposal and the upcoming new approach
  • Finishing work on the initial version of the block processing technical documentation
  • The preparation of the exception handling refactoring proposal
  • Finish of reporting mechanism review
  • Start of the work on the code diagram for CSL
  • A release of master on the dev cluster
  • A mainnet update (v1.0.3)

At the moment of press, these are main market parameters of Cardano:

  • Average price: $0,48
  • Marketcap: $12 622 931 343
  • 24h volume: $415 557 000

Cardano to Hold Meetup in London

Cardano Foundation invites anyone with an interest in the project to come along
16 February 2018   37

Cardano foundation announced London meetup which is scheduled for Wednesday, Feb. 28 at 93 Feet East, Shoreditch. We look forward to an evening of Cardano community networking.

Cardano FoundationCardano Foundation

Cardano Foundation will make a short presentation, followed by an evening of open discussion and networking. In the spirit of true community involvement, Cardano invites anyone with an interest in the project to come along.

Presenting Speaker

Bruce Milligan, Cardano Foundation

Bruce comes from a background of technology project management and consultancy. He has been involved with the Cardano Foundation since its initial launch in 2015. Bruce will talk about the role of the Cardano Foundation within the project, expand on its responsibilities and goals, and provide an update on some of the Foundation's ongoing projects.

Date: Wednesday, February 28, 2018, 6:30 PM to 9:30 PM
Location: 93 Feet East, 150 Brick Lane, London