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
CME Bitcoin futures open interest falls to $8.41 billion, hitting a 14-month low
Chicago Mercantile Exchange bitcoin futures open interest fell to a 14-month low. Driven by the unwinding of basis trades, institutions are leaning toward directly holding spot, and the leverage level in the futures market has dropped significantly.
GateNews29m ago
STRC This week’s fundraising is expected to be able to buy 8,000 BTC, or hold 10,000 coins
Gate News message. On April 11, Strategy's Stretch (STRC) has, to date this week, raised enough funds to purchase 8,000 BTC. It is estimated that STRC may hold 10,000 BTC by the end of this week.
GateNews59m ago
Bitcoin clings to $72K while 3.3% inflation and war‑driven oil spikes rattle US markets
US inflation rose 3.3% in March while Bitcoin traded back above $72,000, leaving crypto caught between sticky prices, war‑driven oil shocks and recurring liquidation waves.
Summary
Headline CPI increased 3.3% year‑on‑year and 0.9% month‑on‑month, driven by a roughly 10.9% jump in energy
Cryptonews1h ago
Morgan Stanley Bitcoin Trust Debuts With Low Fee Edge
Morgan Stanley's Bitcoin Trust (MSBT) launched with $34M in first-day trading, exceeding expectations. Its low 0.14% expense ratio positions it competitively in the market, attracting strong demand amid renewed investor interest and favorable geopolitical developments.
CryptoFrontNews2h ago
Crypto Options Alert: Bitcoin and Ethereum Set for $2.2 Billion Expiry Event - U.Today
The crypto market faces a $2.2 billion options expiry, primarily for Bitcoin ($1.9 billion) and Ethereum ($328 million). With both currencies recovering in value, upcoming expirations may exert upward pressure, supported by bullish trading positions.
UToday3h ago
