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Sujit Kumar
Feb 5, 2025
by Sujit Kumar

Hoskinson Hints at Ripple Partnership as ADA Recovers

Hoskinson Hints at Ripple Partnership
Cardano co-founder Charles Hoskinson has hinted at a potential collaboration with Ripple’s RLUSD stablecoin, revealing that discussions with Ripple Labs’ leadership have already taken place. While details remain scarce, this potential alliance could drive blockchain scalability improvements, an area both projects are keen to enhance.

ADA’s Market Struggles Amid Crypto Sell-Off

Despite optimism surrounding Cardano, ADA has faced a sharp downturn, plunging 18% in a week to $0.7637. The broader crypto market has suffered from economic uncertainty and trade tensions, leading to liquidations exceeding $2.3 billion—Ethereum alone recorded $258.85 million in losses.

Over the past month, ADA has dropped 28%, with trading volumes sinking over 60% in the last 24 hours. However, the market is showing signs of a rebound, with ADA gaining 7.3% in the last day, trading at $0.7602.

Could a Ripple-Cardano Partnership Change the Game?

If Cardano and Ripple move forward with their partnership, it could significantly impact transaction efficiency. Analysts also believe U.S. regulatory developments may accelerate crypto adoption, adding another layer of potential growth.

Hoskinson has hinted that February could be an eventful month, sparking speculation about upcoming announcements for Cardano. As the crypto market stabilizes, investors are watching closely to see if ADA can maintain its recovery momentum.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Hoskinson Hints at Ripple Partnership
Hoskinson Hints at Ripple Partnership as ADA Recovers
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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