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The Cardano (ADA) Price May Go Up Significantly

Cardano (ADA) is a coin based on the third generation blockchain technology and a top 5 coin in terms of market capitalization. Cardano (ADA) will be one of the coins that will most probably go higher and higher as the crypto market is now recovering from the huge fall of yesterday.

Premises of the Cardano (ADA) rise

What differentiates Cardano (ADA) from Bitcoin (BTC), for example, is that the Cardano (ADA) is sustained by a company, by a system which is involved in the development of more innovative blockchain technologies.

First, the interest of people and investors in Cardano (ADA) proof-of-stake program (named Ouroboros, it is an algorithm involved in determining how the individual nodes get to unanimous approval by the network) is increasing considerably.

Second, there is Weiss Rating. The Weiss Rating presents how trustworthy is a specific asset by according grades from A+ (the best) to F (the worst). Recently, the Weiss Rating rated the crypto coins.

Accordingly, the Cardano (ADA) got a B rating, while Bitcoin (BTC) received only a C+ rating.

The coins ratings will become important when investors will move the capital from the stock market, which is facing lots of issues nowadays, to the cryptocurrency market. Of course, the investors will choose the coins which appear as trustworthy, therefore, for example, will choose Cardano (ADA) over Bitcoin (BTC).

Cardano (ADA) price and trending

Cardano (ADA) is currently trading at $0.36 increasing by 8.74% in the last 24 hours, at the moment of this writing.

Cardano (ADA) is the only coin which has continuously increased since December 4th and which wasn’t so much affected by the few crypto market falls within the last 30 days.

Market analysts consider the Cardano (ADA) is on the right track and its price will go up significantly but they can’t clearly state when will this happen. However, it is expected a very profitable year for the Cardano (ADA) investments.

The post The Cardano (ADA) Price May Go Up Significantly appeared first on News4C.

This post first appeared on News4c, please read the originial post: here

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The Cardano (ADA) Price May Go Up Significantly


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