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Cardano Is On Fire: Check Out The Foundation’s Announcement

source-logo  cryptogazette.com 19 May 2021 08:40, UTC

The Cardano Foundation says that their project is on fire amidst the market sell-off that we’re currently seeing. Check out the post that they shared on their social media account.

Cardano is on fire🔥🙌

We don’t need to wait for smart contracts, let’s get business activity on the chain today!

Hear from @F_Gregaard in our #fireside chat series about what is possible right now and a bit of a teaser for an upcoming launch😍👇https://t.co/7LQsYiyWGl

— Cardano Foundation (@CardanoStiftung) May 18, 2021

Someone said: “So he is trying to convince us that crypto don’t need smart contract to be used widely ? Nice. But smart contract is essential to build the ecosystem around any crypto. Look at #BSC and how easy to launch a new token with custom tokenomics or utility.”

A follower asked: “I’m looking to buy some more cardano but hoping for a better price. There seem to be a strong price resistance around the $2 mark. Is $1.75 realistic? How low can it go?”

Cardano Foundation addresses Elon Musk’s tweet

You probably know by now that Elon Musk’s tweets managed to make the price of Bitcoin drop, but strong hands continue to hold, and they even bought the dip.

The Cardano Foundation also felt the need to address this issue. Check out the post that they shared on their social media account.

Elon recently took on the whole of #Bitcoin on Twitter 🤦

In our first instalment of our Fireside chat series, Eva talks about the tribal nature of Crypto and the key to long-term success.

Don’t forget to subscribe for the upcoming Q&A 👉 https://t.co/RJ4bJ2fBbN @F_Gregaard pic.twitter.com/XWFhwJmyl9

— Cardano Foundation (@CardanoStiftung) May 17, 2021

IOHK CEO Charles Hoskinson recently explained that Cardano is being built to service billions of users around the globe.

He said that the motivation behind the development of the project is based on two key questions.