Dan Gambardello, the CEO of Crypto Capital, has expressed his confidence in Cardano (ADA). He declared in a tweet that he feels more confident now in the crypto compared to when it was worth $3 at the height of the bull market, which happened to be on 4th of September 2021. His statement comes as support of the growth of the Cardano ecosystem and its projects, since it reached 122 projects launched on the network, 1221 projects under construction, 64.2 million transactions, and 8.09 million native tokens. Currently, ADA's price follows the trend of other cryptocurrencies in the market, having recently touched the $0.41 mark before going back to $0.39. Cardano is seventh in the ranking for market capitalization with a dominance of 1.12%.

In terms of news, Cardano's platform recently integrated the Liqwid finance protocol; which offers loans and mortgages with decentralized interest rates. Founder Charles Hoskinson feels that the cryptocurrency ecosystem will only mature if it is able to break ties with banking services; a risky and volatile industry as of recent. As a reminder of the attitude held by banks towards cryptocurrency, Hoskinson also spoke of a time in 2014 when Swiss bank Credit Suisse refused him an account as he was the CEO of Ethereum. The reason for the refusal was that “crypto is dangerous.” This attitude only served to prove that banks were dismissing the potential in the cryptocurrency industry, something that only backfired on them later on.



Other News from Today