Cardano (ADA), Dogecoin (DOGE) and Polkadot (DOT) Market Overview
Today we’ll focus on three important crypto assets: Cardano (ADA), Dogecoin (DOGE) and Polkadot (DOT).
ADA is currently priced at US$0.38 in the market with a market cap of US$13.5 billion. Trading volume in the past 24 hours was US$287.4 million, with a circulating supply of 35.3 billion ADA. It’s currently the eighth most popular cryptocurrency with an all-time high of US$3.10.
DOT is priced at US$5.41 with a market cap of US$6.8 billion. it has a 24-hour trading volume of USD 192.4 million and a circulating supply of 1.2 billion DOT. It’s the 15th most popular cryptocurrency with an all-time high of US$55.00.
DOGE has a market price of US$0.0802, a market cap of US$11.4 billion, and a trading volume of 529.8 million USD in the past 24 hours with a circulating supply of 141.9 billion DOGE. It’s the ninth most popular currency with an all-time high of US$0.74.
Sam Altman’s AI Collaboration with Cardano
Charles Hoskinson, Cardano’s founder, proposed an initiative under the Cardano Partnerchain umbrella to develop a decentralized large language model (LLM) project in collaboration with Sam Altman, the recently removed CEO of OpenAI.
After Altman’s unexpected dismissal from OpenAI, discussions are underway to consider his potential return as CEO. This comes on the heels of several high-profile resignations, including that of OpenAI President Greg Brockman.
Prominent figures in the crypto space, such as Brian Armstrong, CEO of Coinbase, have offered their perspectives on Altman’s situation and the potential reshaping of the AI landscape led by Altman and Brockman.
Polkadot’s Leadership Change
Polkadot is undergoing a transformative leadership change with Fabian Gompf taking over as the new CEO of the Web3 Foundation. The transition from the current parachain slot auction system to the Agile Coretime mechanism represents a transformative moment for the blockchain network.
The Agile Coretime upgrade is set to debut on the Rococo testnet by the end of the year and on the mainnet in the following year. This aligns with the broader Polkadot 2.0 vision articulated by founder Gavin Wood.
Hot Take
As cryptocurrencies continue to evolve, market dynamics shift and technological innovations emerge, collaborations between blockchain technology and AI research, as well as leadership changes within prominent blockchain networks, are shaping the future of the crypto landscape.
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