Cardano (ADA) Network co-founder Charles Hoskinson recently spoke about a possible collaboration between Cardano and Ripple’s RLUSD. Hoskinson says that Cardano talked to David Schwartz and Brad Garlinghouse of Ripple Labs, hinting at RLUSD negotiations. The Cardano Ripple alliance focuses on multiple angles of Ripple’s RLUSD stablecoin project. Loads of experts see this collaboration tackling various blockchain scalability hurdles head-on.
Hoskinson says that February will be “a big month” for Cardano, hinting at plenty of upcoming announcements. Following this note though, Cardano’s ADA cryptocurrency crashed in price. In the past seven days, ADA is down 18%, sitting at $0.7637 at press time. Fortunately, the crash seems to be felt throughout the crypto market, not just ADA. The start of a Trump-initiated trade war over tariffs has affected the market’s biggest cryptocurrencies, including Bitcoin. Nearly 460,000 crypto traders lost a total of $1.22 billion, with Ethereum suffering the largest loss of $258.85 million.
Hoskinson and Cardano hope that the latest news of Ripple and Cardano partnering will provide a boost for ADA cryptocurrency. The cryptocurrency market underwent a massive as February arrived. Indeed, the market observed more than $2.3 billion in liquidations as prices plummeted. Now though, the broader crypto industry seems to be recovering. In the last 24 hours, the top ten coins by market cap have experienced a surge. ADA has seen a surge of 7.3% and now sits at $0.7602.
Over the last 30 days, Cardano ADA has fallen more than 28%, according to CoinMarketCap. Yet, more than 15% of those losses have taken place in the last seven days, with Cardano dropping to a $0.76 price. Additionally, its trading volume is down over 60% in the last 24 hours as market activity slows. Fortunately, according to the market platform, investors are still mostly bullish on the altcoin’s potential.
This mega-merger unleashes tons of opportunities for turbocharged blockchain scalability. Stacks of network upgrades could totally transform transaction speed. Plenty of analysts bet U.S. government crypto support will kick various adoption phases into high gear. As Hoskinson said regarding Cardano ADA’s future, “February is going to be a very crazy month. You’ll see.”