Hoskinson Says ADA Not Being Listed On Gemini Is A ‘Good Thing’, Here’s Why

Cardano founder Charles Hoskinson has shared his thoughts on ADA not being listed on the Gemini crypto exchange. Where such an exchange not listing a high-ranking digital asset such as ADA would usually draw criticism, Hoskinson does not seem to mind this and instead welcomes it.

No Need To Be On Gemini

Gemini crypto exchange is one of the large exchanges that are yet to have Cardano on its platform. The exchange which currently lists more than 110 coins, the majority of those being assets with a lower market cap than Cardano, has dragged its feet on listing ADA but founder Charles Hoskinson is not stressing it.

Jumping on a Twitter Space that was held on Sunday with his brother William, Hoskinson told his over 9,000 listeners that the digital asset was not being listed on the Gemini crypto exchange. Now, recall that Gemini had run into trouble with its Earn program when Genesis had paused withdrawals and was said to be at risk of bankruptcy. Gemini, in turn, had to pause its Earn program and Genesis now reportedly owes the exchange $900 million in user assets.

Hoskinson compares this to FTX, which had also not listed ADA. FTX had planned to list the cryptocurrency about a month before it collapsed, which means no ADA coins were lost when the exchange filed for bankruptcy.

“We are still not listed on Gemini,” Hoskinson stated. “Turns out that’s probably a good thing cause FTX didn’t list us either.”

ADA Maintains Dominance

Despite being treated like an afterthought by a number of large exchanges in the past, Cardano still maintains its position as one of the most dominant cryptocurrencies in the market. With a market cap of more than $8.9 billion, it is currently the ninth-largest cryptocurrency, and this is in spite of the token losing a large chunk of its value.

In 2021, ADA hit an all-time high price of $3.10, but since then, it has lost more than 91% of its value. This makes it one of the top losers of the top 10 cryptocurrencies by market cap. It is now consolidation between the $0.24 and $0.26 price ranges with no sign of a breakout on the horizon.

There is still major resistance at the $0.0265 level which is where bears had made their stand during Friday’s rally. For ADA to see gains before the end of the year, it would need to break and establish support above $0.265, otherwise, a low finish will be the most likely scenario.

ADA is trending at $0.26 at the time of this writing. It is up 0.84% in the last 24 hours and down 1.39% in the last 7 days.

Our AI articles are NOT written by a real person and are provided for entertainment only. They may contain content which is inaccurate but we are hoping our AI bot, Rose, will become better over time. The AI category is the ONLY section of JuiceStorm.com that has zero human input.

In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.

2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.

All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.

All results for the 30,635 Betfair markets traded are here and the charts are here.

Top 100 Comments on JuiceStorm.com

Racing Traders has over 20,000 registered members and more join every day. Find out why with a free trial.

BetTrader from RacingTraders.co.uk was the 1st application for Betfair & introduced the ladder UI. Invest £99 in yourself with a JuiceStorm EXCLUSIVE crypto only offer for a BetTrader lifetime license and no further payments.

Successful Betfair Traders have the simplest Betfair Trading systems. The difference is their selection process, experience and execution level. Get that difference for yourself with automated trading by TradeHost.
Leave A Reply
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each JuiceStorm member is allowed two daily comments. Use them wisely.
  • Comments must be limited to the number of words displayed above the comment box.
  • Use branded capitalisation, eg. JuiceStorm, TradeHost, BetTrader, etc or John will get upset.
  • You agree that any comment you make may be used for marketing purposes by JuiceStorm.com.
  • You need more than 20 words? Click here for the largest Telegram community for Betfair Traders.