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Cardano ADA News: Chairman Pressured via Twitter

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Cardano ADA news
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It’s only natural for the crypto investors to want to see their chosen coin’s growth, expansion, and progress, in general. The same goes for Cardano (ADA) community, which is among the strongest and most vocal ones. The community is keeping a close eye on the coin’s progress, eagerly expecting any and all Cardano (ADA) news that would bring something new.

According to the coin’s roadmap, it still continues steadily on its course. The developers are working on creating a secure, decentralized network, developing a Quantum-resistant signature tech, and, of course, are working on the Daedalus wallet.

Despite all of this, the community is still getting impatient in their desire to see the progress of their favorite coin. Because of it, they recently put a lot of pressure on the Cardano’s chairman.

Cardano Chairmen under fire

Only yesterday, Cardano ADA news about the Foundation’s chairman, Michael Parsons, being under fire on Twitter spread all over the internet. The coin’s fans were not shy of criticizing Parsons, claiming that his commitment to the project is low. According to them, this is the reason why the coin’s development has been so slow recently, and why Cardano’s ecosystem has failed to grow as much as it could.

Some even asked for Parson’s resignation, believing that others would be able to do more for the coin’s growth.

Additionally, the upcoming London meetup was recently canceled without sufficient explanation. It would seem that many in the Cardano community were looking forward to it, and were even planning on attending it. Because of this, Parsons also received numerous questions regarding the event’s cancelation.

Clearly, the community is not satisfied with where Cardano is going at the moment, or at least, with the speed at which it’s traveling towards that destination. However, some also started to wonder whether Parsons’ role in the progress of the blockchain is actually as significant as many believe.

How much can Parsons actually influence the project?

Despite what many in the crypto community believe, the chairman’s role in the project’s growth is actually pretty important. Especially when considering the mission of the Cardano Foundation. Parsons is not only an important influence on the project’s overall growth, but his role is especially important in the short-term development.

Cardano’s goal at the moment is to expand its community, as well as its ecosystem. Because of this, many believe that it is Parsons’ responsibility to represent the project and increase its exposure. That way, more investors would join the Cardano community, and the coin would become that much stronger.

We can see just how much a good representative of the coin can make a difference when we take a look at TRON’s (TRX) Justin Sun. Sun is famous for being the most vocal crypto representative on Twitter, and because of that, it is among the best-known individuals in the entire crypto world. Following his efforts, TRON has managed to create just as vocal community, which is probably the strongest and most supportive community in the space.

Considering Parsons’ modest approach to spreading awareness about Cardano, it is understandable why the community is not satisfied with his efforts. Still, Cardano has always been known for taking its time and paying more attention to detail and quality. Because of that, and its very capable team, the coin continues to meet all of its milestones, and thus continue to grow at its own pace. Even so, the argument could be made that a more efficient method of spreading the awareness would be good for Cardano.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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