The crypto markets are sporting both a red and green look today. The top-three coins are up, while coins like IOTA (MIOTA), Cardano (ADA), and EOS are down. So what’s going on? Let’s see what we can find out.
IOTA is currently selling for $2.45. This puts the coin down 5.86% in the past twenty-four hours.
This one was a bit of a shocker this morning. After all, IOTA (MIOTA) killed it on the market yesterday. The coin’s increase came one day after IOTA disclosed that it will be joining the MOBI Alliance. That and IOTA revealed Qubic yesterday. This was a massive announcement as the IOTA Foundation has been working on this project since 2012.
It is for these reasons that it is odd to see IOTA (MIOTA) down today. Will it be back up tomorrow, though?
Cardano (ADA) is currently selling for $0.356837. This puts Cardano (ADA) down 4.66% in the past twenty-four hours.
This is another coin that is down despite its platform announcing some exciting news. On Thursday, Cardano CEO Charles Hoskinson confirmed that the Ethiopian government signed a memorandum of understanding (MOU) with the crypto startup. As a result of the agreement, the developers in Ethiopia will be able to apply blockchain to the agritech sector in the country.
Just signed an MOU with the Ethiopian Ministry of Science and Technology to explore training blockchain developers and use Cardano in the Agritech Industry pic.twitter.com/r06W0RSZye
— Charles Hoskinson (@IOHK_Charles) May 3, 2018
EOS is currently selling for $16.99. This puts EOS down 4.43% in the past twenty-four hours. EOS is currently ranked as the fifth largest cryptocurrency by market capitalization.
Despite making waves in April, EOS is down for the second day in a row. The latest in the EOS universe is that it has kicked off its Global Hackathon, which is a series open to anyone interesting in working on the EOSIO blockchain. Further, EOS will have its mainnet launch on June 2.
The IOTA (MIOTA), Cardano (ADA), and EOS Takeaway
Were you surprised to see these three coins down today? How about IOTA (MIOTA)? Cardano (ADA)? EOS? Let me know.
Featured Image: twitter
Sharon is a journalist based in Durban, South Africa. He has years of experience in writing for a number of print and digital platforms, ranging from sport to technology and of course, Cryptocurrencies.