It will not come as a surprise if you happen to already know about Cardano (ADA) as the cryptocurrency has been receiving a lot of attention lately. Introduced fairly recently to the market, in September 2017, Cardano has quickly made a name for itself managing to be one of the leading top 10 virtual currencies in the market with a market cap of $1,788,102,362 at the press time.
If you are curious about the future of Cardano (ADA), then you are in the right place. This article is going to try and shed some light on the expected cryptocurrency’s price prediction giving you an overview of ADA and the factors that make it special. Hopefully, by the end of this article, you will have learned about Cardano’s historical investments trends and future predictions.
A Brief Introduction to Cardano
Cardano is the blockchain technology that allows ADA to function. Apart from functioning under the Cardano platform, ADA happens to be the blockchain’s default virtual currency, having the co-founder of Ethereum, Charles Hoskinson, as the main brain behind the crypto project.
His co-founded Ethereum virtual currency is widely known and respected all over the financial sector as well as the crypto world since the project is one of the major innovators of the development of smart contract technology that allows smooth token exchanges. Despite the achievements, Charles is not stopping at that, as he is looking into ways to take his crypto game to the next level by coming up with solutions that are bedeviling the new generation of cryptocurrencies.
Some of the obstacles that are affecting most of the virtual currencies today are scalability, sustainability, and interoperability. What Cardano (ADA) does is to offer an architectural foundation layer that allows it to lead in the security and safety of smart contracts.
The interaction between cryptocurrency platforms and banks such as virtual networks is another noteworthy challenge that majority of cryptocurrencies are facing. Thanks to the idea of anonymity and privacy when using virtual currencies, it is difficult to determine the origin of digital assets when transacting or transferring virtual coins from one entity to another.
Cardano (ADA) 2019 Price Prediction
Currently, Cardano (ADA) seems to be feeling the crypto-winter cold as it has been on a downward trend ever since recording its highs. Still, this long-term downfall in value could turn into the accelerator for a breakout shortly.
At present, one of the most significant achievements the team behind Cardano has done is to introduce a newly advanced paper wallet that is safer and more efficient to use than previous paper wallets. Although wallets may appear inferior when you talk about virtual currency, they happen to be important than the digital coins as they dictate the safety of your virtual coins.
Not one but two hardware wallets! https://t.co/6dUQgeitG4
— Charles Hoskinson (@IOHK_Charles) October 23, 2018
Investors require a safe and secure place to store their digital coins. The new and improved Cardano wallet is not only safeguarding investor’s virtual currencies, but it is also boosting Cardano’s credibility making investors and traders more likely purchase the crypto.
Over the past few days and weeks, there have been a few factors that are sure to affect the price valuation of Cardano (ADA) positively in the coming few months if not weeks. Some of the factors include:
Charles Hoskinson speech on Cardano Foundation, Head of IOHK
Typical to his larger than life character, Charles is one man that has a popular name just as the brand he represents. In the cryptocurrency sphere, it is normal to find digital assets that are more popular than their counterparts when viewed in various categories. The same applies to company leaders and development teams. From the speech he gave, Charles surely gave resounding hope to investors on the bright future of the digital coin.
Changing subjects, see everyone at CCS in Toronto. Christian will be presenting Ouroboros Genesis and we will be shooting our first video on the foundations of Hydra- cardano's sharding scheme https://t.co/bs76jQNiUN pic.twitter.com/dPlemQlSES
— Charles Hoskinson (@IOHK_Charles) October 14, 2018
Cardano is improving its scalability
As one of the major challenges in the crypto market, Cardano is looking into ways it can tackle the issue of scalability in its platform by introducing recent technical updates. By doing this, Cardano will be able to accomplish its primary goal of providing inexpensive and simple financial services to close to 3 billion people around the world.
Coinbase Announcement of ADA’s Listing on Coinbase
This has been one of the most commented about news in relations to the Cardano platform. According to Coinbase press release in July, the crypto exchange market disclosed plans to list ADA on their platform, a move that is expected to have positive outcomes on the digital coin.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
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