The crypto market has suffered another deep depression today as the global market capital slided a further $30 billion, now well below the $200 billion mark. Bitcoin crashed beneath its psychological $6,000 level earlier this morning, Ethereum has plummeted far below the $300 base support and all other coins are experiencing double digit losses.
Cardano has not escaped from this whitewash either, falling below $0.10 for the first time since the middle of December 2017 despite the company’s founder, Charles Hoskinson, has released an earlier-than-scheduled announcement on the new Icarus reference project. The new release will include a Chrome plugin wallet akin to the MetaMask browser wallet, and will allow third parties to develop ADA wallets to increase Cardano’s outer ecosystem. The main advantage of a browser wallet is that users will no longer have to synchronise to a blockchain to perform wallet functions - drastically improving on speed and usability.
Will late support arrive in tune with today’s announcement to pull ADA out from under the rubble, or will the collapsing market continue to bury the asset deeper as investors seek shelter away from cryptocurrencies? Let’s take a look.
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