The crypto market isn’t fairing well today, and neither are Cardano (ADA), TRON (TRX), or Litecoin (LTC). However, the projects are all progressing – here’s how.
Cardano (ADA) is currently selling for $0.330070, which puts the coin down 5.13% in the past 24 hours.
Although Cardano is down for the day, the coin has made incredible progress in the last month, gaining 119.20% over the past four weeks.
While not currently reflected in ADA’s price, Cardano is making developments in its project. Most recently, Charles Hoskinson signed a deal to put Ethiopia’s agri-tech sector onto the Cardano blockchain. Hoskinson and the Ethiopian Ministry of Science and Technology signed a memorandum of understanding (MOU) to instigate this.
Ethiopia will be looking into ways to use blockchain to track coffee throughout the supply chain and for land registration to help cut down on fraud.
This move may not be having a direct impact on Cardano’s price right now, but it is still an important step for the project. It’s providing use-cases for Cardano’s blockchain and exposing more of the world to Cardano.
TRON (TRX) is currently selling for $0.082084, which puts the coin down 2.68% in the past 24 hours.
TRON’s mainnet launch is fast approaching, and with that, the election of Super Representatives – essentially, TRX holders that will represent what the TRON community wants to the TRON Foundation.
What many TRON users want is something called a coin burn for TRX. A coin burn reduces the amount of a coin supplied, thus making that coin more valuable (because there are fewer coins in circulation – fewer coins means greater demand, which means higher price). Many TRON users are holding out the hope that the Super Representative Election will also bring about a TRX coin burn.
Do you think a TRX coin burn will happen?
Litecoin (LTC) is currently selling for $162.94, which puts the coin down 3.98% in the past 24 hours.
Litecoin may be down right now, but at least it has retaken its place as the 6th largest cryptocurrency, above Cardano. Litecoin’s market cap is currently $9.2 billion.
For some time now, Litecoin has been showing off its popularity with users with the hashtag #PayWithLitecoin on Twitter. It’s a clever marketing venture to get the community involved and excited.
The grassroots #PayWithLitecoin campaign is a testament to the strength, interest and demand from the people who really matter, the end users.
And it just keeps on growing 🙌#Litecoin
— Franklyn [LTC] (@MLPFrank) May 6, 2018
— Amanda Nation (@TheAmandaNation) April 29, 2018
Did you #PayWithLitecoin?
Featured image: congerdesign via Pixabay