Despite the collapse of the cryptocurrency market, which lost 8.4% of its capitalization during the day, the Cardano altcoin, which features lower energy consumption for mining, increased in price by 10% to $ 1.88. Both events are related to the refusal of Elon Musk to accept bitcoins as payment at his Tesla company.
White crow: the price of altcoin Cardano has updated the maximum despite the collapse of the crypto marketKirill Bilyk
As of 21:10 UTC, Cardano is trading at $ 1,878. During the trading day, the currency gained 10%.
Cardano is a decentralized protocol that seeks to make up for the shortcomings of Ethereum. Cardano uses PoS (Proof-of-Stake) instead of Proof-of-Work (Proof-of-Work). This means that the currency does not consume as much energy as Bitcoin and Ethereum.
On May 13, traders lost $ 4 billion against the backdrop of a fall in the cryptocurrency market. Cryptocurrency capitalization fell by 8.4% to $ 2.3 trillion. Bitcoin has fallen in price stronger than others – by 11%. The reason for these events was the statement by Elon Musk that Tesla will not accept bitcoin as payment due to its “non-environmental friendliness” – too much energy is consumed to mine it.
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Source: Rusbase by rb.ru.
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