Get 40% Off
💰 Warren Buffett reveals a $6.72 billion stake in ChubbCopy Portfolios

Cardano Founder Says He and 50 Cent in 'Same Club' Now, Here's His Message

Published 12/09/2023, 10:29 AM
Updated 12/09/2023, 10:30 AM
Cardano Founder Says He and 50 Cent in 'Same Club' Now, Here's His Message
ADA/USD
-

U.Today - The founder of IOG (the company that later created Cardano blockchain) and cofounder of Ethereum, billionaire , has caught the attention of the Cardano community with an unusual tweet featuring musician, hip-hop singer and actor Curtis James Jackson III.

In professional circles he is known as 50 Cent. Hoskinson posted a link to 50 Cent's song "In Da Club," adding: "We are both in the same club."

Hoskinson celebrates ADA's massive jump

At the time of this writing, Cardano's ADA is trading at $0.5184, thus entering the "50 Cent Club."

Notably, in November, ADA also demonstrated an impressive rise, soaring by 28.4% within that month and reaching the highest price level since May this year. Data published by CryptoRank suggests that in December an may await ADA this month.

Aside from that, a wave of interest from cryptocurrency whales has hit Cardano’s coin, as over the last three months, ADA saw a massive increase in transactions, each worth more than . Santiment on-chain data company’s team believes that this signifies growth in interest from financial institutions and whales and may be considered as a sign of upcoming price surges.

Cardano founder talks about Satoshi Nakamoto

Back in 2010-2011, Hoskinson stated, there was only Bitcoin, and all crypto enthusiasts were on more-or-less friendly terms with each other, sharing their ideas in peaceful talks. They mostly occurred on the bitcointalk forum, and a younger Hoskinson was also there.

He revealed that Bitcoin started as a completely centralized venture since Satoshi was the only one who kept 100% of BTC mining (and therefore, the network) under his control, and he could change anything he wanted.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The reason why he chose not to reveal his real name was, per Hoskinson, that he wanted to avoid the legal ambiguity of issuing a currency.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.