It is a sure fact that almost everybody focuses on ‘big bad boys’ like Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH). However, some altcoins should be under review, too. One of the most appreciated ones, Cardano (ADA) could really ‘go to the moon’ in 2018… Or not…
About Cardano (ADA)
Cardano (ADA) is a 3rd generation coin, using a newer blockchain technology in comparison to Bitcoin (BTC), for example.
At the time of this writing, Cardano (ADA) is trading at $0.37 facing only 1.55% depreciation in the last 24 hours.
Unfortunately, Cardano (ADA) was one of the crypto coins that was really affected by the crypto market decline of the mid-January and early February.
However, ADA is a coin that is coming back really fast and can, once again, settles at around $0.80 – $1, which were its regular prices before the crypto market “crisis”.
Cardano (ADA) Proof-of-stake
Cardano (ADA) is based on Ouroboros proof-of-stake.
Ouroboros is the most important algorithm of ADA’s blockchain network. Ouroboros is an innovation in the blockchain technology.
According to Cardano (ADA) official site, Ouroboros “eliminates the need for an energy-hungry proof of work protocol, which stands as a barrier to blockchain scaling up for much wider use (…) Ouroboros is the first proof of stake protocol that has mathematically been shown to be provably secure and the first to have gone through peer review”.
Will Cardano (ADA) ‘Go To The Moon’ In 2018?
Much more important than trading price is the stability of a crypto coin’s network and what a crypto coin is offering.
Accordingly, Cardano (ADA) has many things to offer and as it is always respecting its blockchain partners, therefore, investors started to consider it a very secured coin.
All these could lead to ADA appreciation.
However, it is hard to say that Cardano (ADA) will go to the Moon in 2018, but, for sure, it will increase significantly.
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