Cardano founder Charles Hoskinson has openly supported Ergo (ERG) following news of its potential delisting from HTX
It emphasized that the listing agreement previously signed with HTX did not include minimum volume requirements. However, Ergo claimed HTX added ERG to its ST list without informing the Ergo team of any policy changes or providing adequate response time.
Meanwhile, Hoskinson praised Ergo, describing it as a spiritual successor to Bitcoin, the world’s largest cryptocurrency by market cap. He stressed that the project deserves more respect and love than it currently receives.
Furthermore, Hoskinson suggested that Ergo could thrive as a partner chain within the Cardano ecosystem. He noted that it is challenging for the Cardano team to provide support while Ergo remains a standalone Layer-1 (L1) project.
Is Something Big Coming for ERG?
While Ergo has yet to comment on the proposal, Edge Capitalism highlighted the significance of Hoskinson’s recent endorsement of ERG. Edge Capitalism finds it surprising that Hoskinson is commenting on a project like Ergo rather than established competitors such as Solana or Ethereum.
They view Hoskinson’s remarks as a strong endorsement of Ergo’s decentralized model and technology, suggesting that such high-profile validation could pave the way for significant development for ERG in the near future.
ERG Still on HTX
In the meantime, HTX Global has yet to delist ERG. Of the $351,000 total 24-hour trading volume for ERG, $42,561 was transacted on HTX Global.
The token, which plunged to a 30-day low of $0.7712 yesterday, is currently changing hands at $0.8258. It has surged 4.58% over the past 24 hours, but is down 3.67% in the past week. With a valuation of $67.71 million, ERG ranks as the 492nd biggest cryptocurrency by market cap.
Although Ergo is a separate L1 blockchain, it is compatible with the Cardano network. Like Cardano, Ergo uses the same transaction model, allowing decentralized applications to run on both blockchains. Last year, 624,000 ERG coins, or 0.76% of its 81.96 million circulating supply, moved to the Cardano network.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Galaxy Digital Transfers Out 700 BTC Again, Recent Cumulative Transfer Exceeds 2000
Gate News reports that on March 21, Galaxy Digital transferred out 700 BTC again. Previously, the institution had transferred over 1,346 BTC within hours on March 17. The cumulative outflow in recent days has exceeded 2,000 BTC.
GateNews27m ago
Quantum Risk with Bitcoin: Real Threat but Not Yet Comprehensive
The risk from quantum computing to Bitcoin investors is real, but not every wallet is vulnerable — and those with the capacity to address this issue are taking proactive steps, according to Galaxy Digital analyst Will Owens.
Owens believes that in theory, quantum computers could potentially break the cryptographic security that underpins Bitcoin.
TapChiBitcoin2h ago
Crypto ETFs Struggle Again: Bitcoin Loses $90 Million, Ether $136 Million
Crypto ETFs remained under pressure on Thursday, with bitcoin and ether posting another round of outflows. Solana offered a rare bright spot, while XRP activity stayed flat.
Solana Bucks Trend as Bitcoin, Ether ETFs See Fresh Outflows
The mood around crypto ETFs remains cautious. Another day, a
Coinpedia3h ago
