With the news that Coinbase is exploring addition of five new assets on their exchange still fresh, Cardano (ADA) appears to be the biggest beneficiary. Cardano presents appealing features that have made it a popular coin for the investor. The coin price is on the lower side and comes with high supply.
Psychologically, Cardano price continues to be attractive to the investor that is supported by the current tractions based on the increased number of partnerships. The coin has also become the favorite entry point for the casual investors who are not after price speculations. With run-away prices from mainstream coins, ADA has the right offering in the market today.
Away from the current value proposition that is based on its features, Cardano is a good pair fit for Ethereum and both will offer more than just transactions in the near future. It is a fully decentralized outfit and meets the standard market practices backed by its innovative nature.
Cardano (ADA) Headed to Creating the Next Millionaires?
Cardano is ranked 8th by market cap and has not celebrated its first birthday since it entered the market in September 2017. The coin has already curved its name and brand in the global digital money markets. Cardano infrastructure is similar to that of Ethereum but comes with advanced features that support the development of smart contracts.
Charles Hoskinson is the creator of Cardano after co-founding Ethereum and knows where Ethereum failed. The creator vision is very clear and the project acceptance in leading exchanges is a clear indication of investor confidence that gives ADA a bright future. The project offers better accessibility and interoperability which was achieved even before the actual launch.
In a recent tweet, the Cardano Founder says:
“What’s often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to the party with all their locked up capital. That’s tens of trillions of dollars entering the space eventually. Future is bright.”
The project team transparency is a huge catalyst towards the creation of the next millionaires before 2025. Cardano inroads into virgin and unexploited markets is a clear sign of a project that offers a viable investment opportunity that is backed by a sound s that supports community based projects in areas of agribusiness and small scale economies.
Cardano (ADA) Hoskinson’s Trillion Dollar Coin Vision
The dream of the founder is to see the ADA platform become the first trillion digital coins. This will be achieved through changing of the mindset on how users interact with digital coins. ADA is not just about selling or trading for profits; it is about helping the user see the real world use cases behind the digital asset. He goes on to assert that:
“I would love to see Cardano as the first trillion dollar cryptocurrency and the reason being is that it would effectively mean that we have built a self-sustaining economy.”
The Cardano teams is concentrating on improving the infrastructure with the aim of growing the coin’s market capitalization and give Bitcoin and Ethereum a run for their money. The CEO wonders added that:
“Why is anybody worthy of their position in the market cap? Bitcoin is advertised as a payment system and a means of exchange, and then everybody who’s ever tried to use it for that, it’s been a miserable failure. They usually stop taking it, or they find ways to take cash, and through a creative structure like what BitPay has done. Ethereum claims to be a world computer but CryptoKitties breaks it.”
ADA Price Recap
The last 7days have not been crypto verse friendly and have seen many coins and tokens shed gains accrued towards the end of July. Cardano’s ADA has not been spared and has been struggling. However, the good news is that the price is finding support in the $0.12 zone an indication that more buyers are stocking up the coin.
At press time, the ADA coin was trading at $0.133798 reflecting 24-hour gains of 4.37% against the dollar and 2.47% to Bitcoin. With the recent release of the project latest roadmap, there is a lot of anticipation that a bull run is in the making. The team is confident about the progress and says:
“We are currently on Byron, the bootstrap phase, where we are making improvements. These include to the code, for example in the wallet backend and debugging. We will improve the design of Daedalus and make integration through APPIs to third parties simpler. We will then move from Byron to Shelly, where the network becomes decentralized.”