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Cardano (ADA) Review – Crypto Coin Judge
Cardano is a full blockchain system, crafted and drafted from scratch within Haskell, a practical programing language. It is a space-age blockchain innovation which forms a pristine and localized economy, so that finance can be democratized in growing markets worldwide. Unlike other digital currencies such as Binance (BNB), Augur (REP), Bitconnect (BTC) and many more, the platform is designed to avoid error while maintaining customer privacy and security via an inventive layered-over design.
This platform has been described as versatile as well as scalable; and also developed with the most advanced and stern industrial software programing standards. Features of this platform are under the democratic governance model, which allows the project to keep evolving. Its creators say that this is a visionary treasury system as it will fund itself sustainably.
What is Cardano?
In a nutshell, it is an Ethereum killer, and it is hard to repudiate the connection between a couple of other blockchains. Like Ethereum, Cardano is defined as a blockchain project, which will further allow the execution of smart contracts, enabled by cryptocurrency. This blockchain project is different from Ethereum and also other smart contract blockchains, but how and why?
1 – First, this project brands itself as the maiden blockchain project built on peer-reviewed academic research. In the process, the creators have not only published a White paper on the project, but five more peer-reviewed scientific papers on the blockchain’s core technology. These are all available to the public.
2 – Cardano is a decentralized cryptocurrency and blockchain project, which is open source.
3 – The project is involved in building a platform enabled by smart contracts, delivering state-of-the-art features rather than just a protocol that has been developed previously.
4 – Cardano is the first blockchain innovation to have grown out of a result-driven approach and a scientific philosophy.
5 – The large programmers’ team has a selection of international expert developers and researchers.
The history of Cardano
Charles Hoskinson is a former developer of Ethereum. He left the Ethereum project mid-way, but restarted his career, innovating IOHK with his teammate Jeremy Wood in 2020. This project was formed to resolve the issue associated with former interdisciplinary digital currency management and execution system. Bitcoin rose to fame with some trading drawbacks – the cost of Bitcoin transactions is unimaginably high. This is partly why ETH started to draw more investors. Ethereum creators were also able to develop ERC20 application with the blockchain’s smart contract.
Cardano was designed on this technology and made to deliver a framework where the project can be sustained, interoperable, and scalable. Let’s discuss what these are:
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Sustainability: This blockchain implements a governmental system, which has been proved to be better in comparison with the previous generation of cryptocurrency management and offers. This project has more potential to be sustained in the industry for longer.
Interoperability: This project has been designed with an interoperable feature which helps it interact with other blockchains. Cardano aims to use multiple technologies such as sidechains and atomic swaps to be interoperable in the market.
Whether it is the mainstream IT business or blockchain business, it is essential to have smooth communication between clients and providers. This is where this interoperable feature is going to be used most. The creators have pulled interoperability between multiple cryptocoins and this is the project to help people make transactions between different digital currencies. Cardano is committed to making transactions between all these coins possible and smooth.
Scalability: Scalability is a driving factor in all sorts of businesses, be it the crypto market or even a fiat market. Similarly, scalability also determines the success of a crypto coin and this is the responsibility of the platform creator to ensure that they have the scalability.
The team behind Cardano
This project is presently handled by three different yet relevant entities: the Cardano Foundation Emurgo, and Input Output HK.
1 – The Cardano Foundation, is a company assigned with the task of Cardano’s promotion, development, and improvement.
2 – Emurgo, is a startup incubator, which is dedicated to inviting new organizations to become integrated into the Cardano Blockchain.
3 – The Input Output HK team is a private limited technology firm, which is under contract to work for this project’s overall development until 2020. The founders of IOHK, Jeremy Wood and Charles Hoskinson, had both worked previously for Ethereum and then also managed the Ethereum Classic project (this blockchain was in the limelight right after the notorious DSO hacking. Ethereum Classic was immediately hard-forked from that blockchain).
With such an experienced team, it will not take long to stand strong against Bitcoin.
What technologies and innovations is Cardano using?
Absolutley not like other coins, such as MaidSafeCoin (Maid), NEM (XEM), OmiseGo (OMG), Cardano has been designed with Ouroboros – a technological component that makes Cardano stand out from the competition. Ouroboros is the proof-of-stake mining algorithm that helps exclude the requirement for energy starved proof-of-work cryptography, which might have helped made Ethereum blockchain, but it needs as much electricity as a small country. Unlike this system, Ouroboros is developed on peer-reviewed academic research and the feature of this system is that it is even secure without the extravagant electricity consumption.
This project has been designed to mainly support smart contracts and other blockchain features. It is still in the early development process and the only part that is live and active now is its proprietary cryptocurrency token. Being traded as ADA, Cardano was initially launched as an ICO, however, you can now find the project on Binance as well as Bittrex.
Cardano also offers a wallet storing facility named Daedalus Wallet.
How to get the wallet
Cardano uses Daedalus wallet, which is good for multi-platform use as well as secure for ADA currency. Daedalus wallet, unlike many wallets currently available in the verticals, supports the classified deterministic traits. Daedalus wallet is designed with the space-age features of a digital wallet and their team is looking forward to improving its range of capabilities for future use.
ADA, the altcoin
ADA is a highly-ambitious project, that has the potential to provide tough competition to the Bitcoin markets. The creators are busy building a third-generation of digital currency, which they will streamline within the ecosystem for mutual operation. Cardano is aiming to infuse intra-trading and looking at their efforts and innovation, this dream does not seem too far off. The creators have a unique philosophy and they are on a mission to resolve it academically.
How to buy and sell ADA
You can buy, sell, and trade ADA through cryptocurrency online exchanges. ADA is considered one of the robust altcoins in the present crypto markets and more exchanges are planned with future partners. Confirmation is awaited though!
The creators have big plans in the pipeline. They are planning to make ADA available at crypto ATMs in Japan. Kickstarting the project with five locations, the ecosystem is thought to evolve to up to 25 ATMs within a year of ADA’s official introduction. Exchanges where you can buy ADA are:
Why is ADA better than the other available options?
There has been a lot of buzz around ADA lately. ADA hit the Bittrex only recently, to great hype. Following the ADA launch, the world has witnessed a significant volume at the exchange, which even crossed 10,000 BTC in different time zones.
Prices though started to decline after the few initial days, but many users continue to describe ADA as a potential altcoin to watch. These are the same very people, who have also said that Cardano has the potential to be the future of blockchain technology, which would be then more than just a cryptocurrency.
On the day that ADA was introduced onto the market, it ranked in the top 15 cryptocurrencies worldwide, if you take the reference of the market cap. Potential cryptocurrency investors found a new hope.
Well, the whole incident wasn’t strange enough though, until ADA was found to be beating Ethereum innovations.
ADA vs Ethereum
Thus far, Ethereum has played a lead role in the blockchain world, but now we have a new player. ADA has entered the market like a king, as a strong and powerful altcoin. Cardano had also gone LIVE with an ICO trading and sale and the first 10,000 users, who participated in it, now has the privilege to download Cardano’s Daedalus Wallet. Their ICO raised USD62 million, which resulted in the trade of approximately 30 billion ADA tokens. Plus, 45 billion more ADA is being considered for the next circulation.
If you now look at the roadmap, you will though see some developments are still ongoing, but Cardano is already thought to be a future player of smart contracts.
Price and plans of the project
When comparing the platform with Ethereum, Cardano makes a platform worth joining as it is composed a new, innovative technology Ouroboros. Its cryptocurrency ADA, is already providing tough competition to Ripple markets. After its launch, ADA surged over 30%, and claimed to be the fifth largest cryptocurrency beating Litecoin. ADA’s current market position, is said to be due to its potential update reports. Potential investors are excited and very much looking forward to investing in it.
Referring to the historical data of ADA: It shows that on January 5, 2020, ADA saw a shimmery hike on the market, accounting USD30,364,400,000 as the total market cap.
Cardano’s technological summary
1 – This platform takes pride in its Block Explorer that enables users to check their transaction histories.
2 – When you make a transaction with ADA, it is recorded publicly through its proprietary blockchain.
3 – This allows users to check the date and time they made the transaction and also check the amount sent.
4 – This is a completely dependable blockchain platform created by its unique, scientific methodical approach.
5 – Users are expecting more and greater results from the project since this is the first blockchain platform to have evolved from a scientific philosophy
The key focuses of this project are:
- Compliance and regulatory focus
- Cross-chain integration
You will love it more when you will see your exchange fees are reduced dramatically.
Cardano (ADA) Price Prediction For 2020-2025
Cardano is a public blockchain driven by scientific approach philosophy and founded by Charles Hoskinson, Ethereum co-founder and CEO of IOHK, a team of engineers building Cardano until 2020 year on a paid basis. The network runs on a Proof-of-Stake consensus algorithm called Ouroboros. Cardano team has the ambitious plan to create interoperable, secure & scalable multi-asset ledger with a platform for verifiable smart-contracts.
The first step Cardano was the establishment of the blockchain’s settlement layer – the ADA cryptocurrency as a native digital currency of the network. Once development on this layer is complete, the team will move on to the more complex ‘computing layer’ that will introduce smart contract functionality.
Find more about Cardano’s technology an structure in our “What is Cardano?” project review. Here, we will observe and analyze different ADA coin price predictions and bring our own forecast in the end.
Cardano (ADA) 2020 Price Analysis
After the whole market dropped since the 2020 bullish heights, Cardano price showed a strong stability that is not often seen in the industry. The measured, peer-reviewed pace of the coin does not lend itself to sudden bombshell news that would rock the established price. Instead, ADA should be considered as long-term, safer investment vehicle.
ADA price chart from Jan, 2020 to Jan 2020 on Coin360.com
At the height of the cryptocurrency boom, Cardano price value raised to $1.33 per coin and it was very close to touch this level in 2020 year.
Current ADA’s market capitalization is $1,145,889,096 USD which is more than twice lower from YTD value. But that’s not something special as the closest competitors also lost lots of market cap. For example, Ethereum’s market cap decreased from $28,890,000,000 to $19,013,000,000 YTD, and EOS has lost from $2,000,000,000 since then.
Early & Mid 2020 ADA Price Analysis
After a prolonged 2020 bear market, the cryptocurrency industry was ready for slow, measured growth over the course of 2020. Always a healthy indicator for the entire market, Bitcoin has stabilized at a $3,600 support level in February. And alternate cryptocurrencies were showing renewed movement as investor confidence grew. Our expectations were proven by the Cardano (ADA) price growth in Q1 2020.
At the end of January, when ADA was worth $0.038 USD, we claimed that the price of the asset depends on the Bitcoin price, but due to its internal potential, it is capable of independent growth in the future.
In March 2020, when Bitcoin and all altcoins fell in value, Cardano’s ADA was the only coin to demonstrate growth with a generally bearish mood. In early March 2020, the ADA began to rise in value from $0.043 to a peak of $0.098 by the beginning of April.
That significant increase of slightly over 100% in the cost of ADA happened because of the v1.5 mainnet release, which completes the Byron stage of the Cardano roadmap.
Cardano’s Strong Points
The positive look of Cardano price forecast is largely caused by several technical factors. One of them the coin’s block generation algorithm. Mining is an accepted function of many blockchains – it provides incentive for users to validate transactions.
However, the alternative Proof-of-Stake algorithm is gaining steam as a way to reduce the absurd electrical consumption of cryptocurrency mining. Cardano’s Ouroboros protocol was one of the first Proof-of-Stake systems, and thus far the only one that is provably secure.
Furthering their desire for absolute user security, they began development of the Daedalus Wallet. In addition to the normal privacy considerations of a cryptocurrency wallet, Daedalus also privates specific spending passwords and transaction monitoring.
The wallet is also not exclusive to their ADA currency – currently it includes both Ethereum Classic and Bitcoin. Both features positively affect ADA’s price, helping the crypto to keep its stable position on the market. However, technicalities are not the only reason behind the positive Cardano price prediction for 2020. Financial behaviour of the coin is also a big factor and ADA’s price analysis shows that the coin is not like most of others.
Cardano ADA Price Predictions 2020-2025
The future looks bright for Cardano and ADA, its native coin, from the point of view given by different price predictions.
#1. LongForecast ADA Prediction
An automated forecasting site based on a technical analysis of the asset’s price history predicts an ADA value of $0.016 by the end of 2020. And they expect a trend reversal only at the beginning of 2023, when the ADA price reaches $0.049 and $0.067 in October 2023.
Well, it is possible, but in our opinion, it is unlikely if the Cardano will achieve the goals set in the roadmap.
#2. WalletInvestor Prediction
This prediction service is also quite bearish about ADA perspectives and even worse than the previous one. They see a long-term downtrend of ADA from now till 2024 with no reverse movement at all. They’ve estimated a $0.00330 USD price for ADA in 2020.
#3. CoinSwitch Price Prediction for ADA
CoinSwitch forecasts that the price of ADA can reach $1 USD mark in 2020, $2 in 2023, and $3 in 2025. An increase of
6.500% over 5 years sounds bullishly nice, we are all for it!
#4. Cryptonewsz ADA Price Forecast
In 2022, the price of ADA will rise to $1. Fair enough, given the current development phase and Cardano’s long-term plans for blockchain development.
#5. Mrvyasidea.com Prediction
The Mr. Vyas assumes that the price of an asset will rise to $5 dollars in 5 years if the development reaches all the goals for developing network layers, from Byron to Voltaire phases.
ADA Price Prediction For 2020 & Further
To summarize, automated price predicting services forecast a negative bearish trend for ADA. However, we believe this can be ignored since the cryptocurrency market is so young and hungry for news that affects the price of a crypto asset. Fundamentally, there are some facts about Cardano and ADA:
- About 95% of coin holders are residents of Japan
- The founder and team have deep knowledge and skills for developing decentralized networks
- From a technological point of view, they were a little late with ETH and EOS, but this is a good opportunity to take into account the difficulties these projects facing right now: scalability (ETH) and governance (EOS)
We are quite positive about ADA’s long-term price projections and the short-term future also looks bright. If we talk about specific figures, the $1 dollar mark can easily be reached by the end of 2020, and further serious growth can be expected no earlier than at the end of 2020 with the release of a platform for smart contracts in Q1, as well as network scalability & governance issues being fixed in late 2020.
Buy ADA with USD, EUR or GBP
Is Cardano a Good Investment?
Cardano has a strong development team, has a separate organization for commercial promotion and a close-knit community. Therefore, we can conclude that the coin has a great future.
Is Cardano Dead?
The crypto community thinks that Cardano has a lot of potentials. Reddit users encourage each other to buy ADA at the lowest price.
When Will Cardano Staking Start?
Anybody that had ADA stored in either a Daedalus or Yoroi mainnet wallet at the time of the balance snapshot (12.00 UTC, November 29, 2020) could participate in the Incentivized Testnet and earn rewards through delegation or running a stake pool. Once the Incentivized Testnet is over, rewarded ADA will be manually transferred back to the mainnet and become spendable.
Will Cardano Go Up?
FUD and price manipulation will fade away and ADA cryptocurrency price can definitely go up.
Where to Store Cardano?
Where to Buy Cardano (ADA)?
It is easy to buy ADA coin on many platforms. If you want to buy Cardano cryptocurrency anonymously using your credit card (USD, EUR, GBP), you can use the Changelly platform.
What Is Cardano Used For?
Cardano is used to directly and quickly send and receive digital funds.
How Many Cardano ADA Coins Are There?
The maximum supply of Cardano is 45,000,000,000 ADA. The circulating supply is 25,927,070,538 ADA.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment vehicle.
Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.
Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2020, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.
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Cardano is a decentralized block platform on opensource smart contracts, launched in September 2020 by Blockchain Development Output Hong Kong (IOHK). On the basis of the Cardano platform, here is a Cardano coin – ADA – cryptocurrency, which can be bought on exchanges, such as Binance or Bittrex for an attractive price and can be stored on the Daedalus wallet.
Cardano Review [ edit ]
Cardano is developed by the team headed by Charles Hoskinson, the former cofounder of BitShares and Ethereum, and is aimed at the launch of smart contracts, decentralized apps, sidechains, multipart calculations and metadata.
The platform works on the Proof-of-Stake algorithm called Ouroboros that determines how separate nodes achieve consensus in relation to the entire network. The algorithm is an important part of the infrastructure that supports the cryptocurrency ADA. According to the developers, the security level of Ouroboros is comparable with the level of Bitcoin blockchain. This is the first algorithm that passed the reviewing on the status cryptographic conference Crypto 2020.
Cardano Coin (ADA) [ edit ]
ADA is a cryptocurrency based on the Cardano platform. The developers believe that digital money, such as ADA, show how money will be in the future. This allows you to quickly transfer direct transmissions with guaranteed security thanks to cryptography.
To use ADA, investors must use the Daedalus wallet, which is a hierarchical deterministic, multiplatform, secure wallet designed specifically for this cryptocurrency. The wallet is easy to install, and it allows you to view everything and even search for transactions.
Cardano coin price [ edit ]
The cryptocurrency ADA has grown by 1500% since September 2020. Now, it is on the 7th place among the cryptocurrencies by the market capitalization – over $6.58 million (the data by CoinMarketCap.com, May 18th, 2020). In the trading 25 927 070 538 coins of 31 112 483 745 issued take part with the final emission of 45 billion coins. The price of ADA token or Cardano coin is always chaining, however, BitcoinWiki gives you a chance to see the prices online on Coin360 widget.
Cardano Wallet [ edit ]
Until March 2020, the only cryptocurrency wallet with ADA support was the wallet Daedalus. It is available for Windows and Mac with basic functions; the release of a Linux version is also planned. The wallet supports other currencies like Bitcoin and Ethereum Classic. Daedalus is a highly secure wallet for the ADA cryptocurrency. Download and install it so you can use it to safely store your ADA. Daedalus will add more cryptocurrencies and be developed over time along with Cardano coin, to become a universal wallet, blockchain application platform and an app store.
In the beginning of March it was known that ADA added the cryptowallet Centra. For the cryptocurrency this means that it can be used now with the Centra card that had an access to 36 million terminals around the world.
Although the rate of ADA has become a little lower than its peak price in the beginning of 2020, the credit of trust from the part of such a big cryptomarket player as Centra may become a source for the new growth, as it is supposed by the analysts. An important step for this will become the full-fledged network launch, planned for the nearest future.
Cardano White Paper [ edit ]
In the spirit of many open source projects, Cardano coin did not begin with a comprehensive roadmap or even an authoritative white paper. Rather it embraced a collection of design principles, engineering best practices and avenues for exploration. These include the following:
- Separation of accounting and computation into different layers
- Implementation of core components in highly modular functional code
- Small groups of academics and developers competing with peer reviewed research
- Heavy use of interdisciplinary teams including early use of InfoSec experts
- Fast iteration between white papers, implementation and new research required to correct issues discovered during review
- Building in the ability to upgrade post-deployed systems without destroying the network
- Development of a decentralized funding mechanism for future work
- A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience
- Bringing stakeholders closer to the operations and maintenance of their cryptocurrency
- Acknowledging the need to account for multiple assets in the same ledger
- Abstracting transactions to include optional metadata in order to better conform to the needs of legacy systems
- Learning from the nearly 1,000 altcoins by embracing features that make sense
- Adopt a standards-driven process inspired by the Internet Engineering Task Force using a dedicated foundation to lock down the final protocol design
- Explore the social elements of commerce
- Find a healthy middle ground for regulators to interact with commerce without compromising some core principles inherited from Bitcoin
Cardano investment and investors [ edit ]
Cardano Foundation [ edit ]
The Cardano Foundation acts as a supervisory and educational body for Cardano. Their mission:
- Standardize, protect and promote the Cardano Protocol and its applications
- Be a community center offering authoritative, timely information about Cardano’s technology and broad potential
- Maintain communication and influence government and regulatory bodies, form strategic partnerships with businesses, enterprises and other open source projects and promote the establishment of official software standards for Cardano coin, an important function for its long-term success and critical in government adoption and participation
IOHK [ edit ]
Founded in 2020 by Charles Hoskinson and Jeremy wood, IOHK is a world — class engineering and technology company committed to using peer-to-peer innovation to provide financial services to the three billion people who don’t have them. The group has a contract for the design, construction and maintenance of Cardano until 2020.
Emurgo [ edit ]
Emurgo is a venture capital company in the Cardano ecosystem, its goal is to help integrate and implement Cardano blockchain applications.
Emurgo captures the transformative power that blockchain technology brings to the developing world. Decentralized applications built on Cardano technology, funded and supported by Emurgo, will have the potential to create innovative applications.
Cardano Roadmap [ edit ]
The entire Cardano coin team is made up of experts around the world, and the core technology team consists of Well Typed, Runtime Verification, Predictable Network Solutions and ATIX with IOHK as the team leader. External auditors such as Grimm, RPI Cryptography Group and FP Complete ensure the quality of the product by holding IOHK accountable.
The Cardano roadmap will be regularly updated, with a countdown clock indicating the next release. The team wants to hear from the community about ideas for the roadmap and are opening a channel for communication – watch for more details. The Cardano roadmap isn’t the property of IOHK, the Cardano Foundation or Emurgo. It belongs to the community. When a cryptocurrency is new it needs good shepherds to guide it, although in the future it will be fully in the hands of its users.
Top 20 Best Cryptocurrencies to Buy in 2020
Let’s review the best cryptocurrency coins to invest in the year 2020 and see why these top cryptoassets are prime to run during the next crypto market bull run cycle.
Top 20 Cryptos to Buy for 2020: Best Coins to Invest in 2020
Over the past year, we’ve seen cryptocurrencies become increasingly mainstream. We saw positive market signs throughout 2020, and that could make 2020 a record year for cryptocurrencies.
What are the best cryptocurrencies to buy in 2020? Which coins offer the best investment opportunity today? Which digital tokens have their brightest days ahead of them?
Keep reading as we highlight the top 20 cryptocurrencies to buy for 2020.
Bitcoin (BTC) is the king of the crypto world. It’s the world’s most dominant cryptocurrency, accounting for 60% of the total cryptocurrency market share. When bitcoin rises or falls, the rest of the market tends to follow. Whether you’re getting into crypto for the first time or an advanced crypto user, there’s nothing wrong with investing in bitcoin. It’s a tried, true, and proven cryptocurrency with plenty of infrastructure to support it. Optimistic investors will point to price predictions calling for BTC to hit $100,000 by the end of 2020.
- Bitcoin Price 2020 High: $13,793 BTC/USD exchange rate value
- Bitcoin Price 2020 Low: $3,444 BTC/USD exchange rate value
- Bitcoin Price All Time High: $19,892 BTC/USD
Ethereum (ETH) is the world’s second-largest cryptocurrency by market cap. Launched in 2020, ETH has risen to become a viable competitor to bitcoin as king of the crypto world. One of the biggest reasons for optimism with ETH is that it works in a much different way than bitcoin and other cryptocurrencies. ETH is used by the decentralized apps built on the Ethereum blockchain. Those decentralized apps make use of Ethereum’s killer features like decentralized governance, smart contracts, and more. Ethereum has one of the most active developer communities in the crypto space, and there’s no reason to believe Ethereum’s momentum will slow down anytime soon.
- Ethereum Price 2020 High: $350 ETH/USD
- Ethereum Price 2020 Low: $103.41 ETH/USD
- Ethereum Price All Time High: $1,396 ETH/USD
XRP is a digital token that plays a crucial role in Ripple’s ecosystem. Ripple, a private Switzerland-based financial services company, has tried to distance itself from XRP to avoid having the token labeled as a security. However, XRP’s value is closely connected to Ripple’s products and services to this day. As Ripple expands its banking services to institutions worldwide, the value of XRP has continued to surge. Specifically, Ripple and XRP enable banks to settle cross-border payments in real-time with end-to-end transparency and lower costs. XRP is also unique in that it doesn’t have to be mined. XRP is currently ranked as the world’s third-largest cryptocurrency by market cap, although it has occasionally surged past ETH to take the second position behind only bitcoin.
- XRP Price 2020 High: $0.48 XRP/USD
- XRP Price 2020 Low: $0.25 XRP/USD
- XRP Price All Time High: $3.05 XRP/USD
DigiByte (DGB) is a digital token founded in 2020 by lead developer Jared Tate. DigiByte’s goal is to increase transaction speed and security while operating in a decentralized environment. True to its goals, DigiByte’s technology performs better than most other cryptocurrencies. It’s 40 times faster than bitcoin, for example, because it has 15 second block times, making DGB the fastest token on the UTXO blockchain. DigiByte also made headlines for becoming the world’s first blockchain to implement Segregated Witness (SegWit), which means transaction confirmations are kept separated from information stored within the block, helping DigiByte achieve faster transactions without compromising security. The ultimate goal of DigiByte is to create a global payment system accessible to people around the world.
Litecoin (LTC) was launched back in 2020 as a faster, more lightweight alternative to bitcoin. Litecoin took bitcoin’s core code and changed certain metrics to speed things up. Today, LTC continues to offer 4x faster block times than bitcoin (2.5 minutes instead of 10 minutes) and 4 times as many tokens (84 million total supply instead of 21 million). LTC creator Charlie Lee infamously sold all of his LTC holdings at the height of the market back in 2020, and some believed that would be the death of LTC. Litecoin, however, continues to go strong, and merchant adoption is growing for the popular cryptocurrency.
Maker (MKR) is the proprietary token for the Maker digital ecosystem. One of the most unique things about MKR is its low total supply: there’s a total supply of just 1 million MKR tokens. Maker hit its highest ever price on January 20, 2020, at $1,687.86. Heading into 2020, MKR is priced at around $550. Many other tokens have lost 90% or more of their value from their all time highs back in 2020, which makes MKR look impressive by comparison. Moving forward, Maker will continue to be a smart contract platform on the Ethereum blockchain that backs and stabilizes the value of the stablecoin DAI through a system of collateralized debt positions (CDPs), autonomous feedback mechanisms, and incentivized external actors. MKR tokens are used to pay transaction fees in the Maker ecosystem, and MKR token holders have voting rights within that ecosystem. If you believe in the DAI stablecoin and its unique decentralized balancing mechanism, then MKR may be the right choice for you.
Binance Coin (BNB)
Binance Coin (BNB) is arguably the most successful crypto exchange coin in the world today. Heading into 2020, BNB is worth around $15, down from its all-time high of $38.82 in June 2020. As long as Binance remains a popular exchange, and as long as BNB tokens can be used to pay transaction fees on Binance, BNB will continue to have considerable value. Some people buy BNB because they regularly trade high volumes on Binance and want to save money. Others buy BNB as an investment, believing that the Binance exchange will continue to be popular moving forward.
Cardano (ADA) was created in September 2020 by Charles Hoskinson, one of the co-founders of Ethereum. At first glance, ADA seems like it offers many of the same benefits as Ethereum: Cardano lets developers build decentralized apps and smart contracts, for example. Moving forward, Cardano and the ADA token aim to solve some of the biggest issues facing cryptocurrencies around the world: interoperability and scalability. Cardano’s developers are specifically focused on tackling the international payments space, reducing the time and cost of international money transfers. Using ADA, banks can reduce international payment times from several days to just a few seconds.
Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. That network allows Ethereum smart contracts to securely connect to external data sources, APIs, and payment systems. A sports betting smart contract may use Chainlink to connect to third-party football scores, for example, and then use those scores to execute the contract. The unique selling feature of Chainlink is that the development team figured out how to get information in and out of a blockchain in a way that was still secure, trustworthy, and decentralized. LINK is also one of the few tokens that have gained significantly in recent months: as BTC, ETH, XRP, and LTC have fallen towards the end of 2020, LINK has more than doubled. Going into 2020, LINK is sitting at a price of around $2 a piece, down from its all-time high of $3.90 reached in July 2020.
Crypterium (CRPT) is priced at around $0.40 as we head into 2020, down significantly from its all-time high of $3. Today, CRPT has a market cap of around $37 million. CRPT isn’t the best-known name on this list. So why did we pick it as one of the top 20 cryptocurrencies for investors in 2020? Well, CRPT hodlers have reasons for optimism in the future. CRPT is an Ethereum-based token that works as the ‘fuel’ for all crypto-fiat transactions available within the Crypterium Wallet. Over the course of 2020, Crypterium’s developers added support for cashouts, Crypterium Card top ups, and cryptocurrency purchases. One of the most unique parts about Crypterium, however, is that the 0.5% transaction fee is used to burn CRPT tokens. Every time someone makes a transaction within Crypterium, the circulating supply of CRPT tokens drops. That could pay huge dividends for investors in the future.
0x (ZRX) is a permissionless protocol that provides the infrastructure to facilitate the creation of decentralized exchanges on the Ethereum blockchain. 0x uses off-chain transaction relayers and Ethereum smart contracts to provide an open order book and decentralized exchange. The ZRX token, meanwhile, functions as payment to relayers by the users of the protocol. It’s also a governance token for protocol upgrades. Heading into 2020, ZRX is priced at around $0.25, down significantly from its all time high of $2.53 in January 2020. ZRX token holders may have reason for optimism moving forward, although critics will point to the fact that ZRX faces stiff competition from competitors like Binance DEX and other decentralized exchange platforms.
EOS is one of the newest digital currencies on our list. Launched in June 2020 by cryptocurrency pioneer Dan Larimer, EOS first made headlines with its $4 billion ICO, which was one of the longest and most profitable ICOs in history. Unique selling features with EOS include its delegated proof of stake mechanism, which achieves consensus in a different way than most major cryptocurrencies. EOS also has no mining mechanism; instead, block producers generate blocks and are rewarded in EOS tokens based on their production rates. EOS’s governance system is built on a complex set of rules. Although EOS experienced growing pains with its governance structure at launch in 2020, it continues to gather momentum moving into 2020. EOS is currently priced at around $2.70, down from its all time high of $23 in August 2020.
Stellar (XLM) was launched in 2020 to provide ultra-fast digital currency payments. It also made a handful of early investors very wealthy: at launch in 2020, XLM was trading hands for less than a penny. In January 2020, XLM hit an all-time high of $0.94. Heading into 2020, XLM is priced at around $0.06. The fast payment system and rock-solid development team could continue to build momentum for XLM moving forward, although XLM continues to face competition from every other digital currency that emphasizes high-speed transactions.
Basic Attention Token (BAT)
Basic Attention Token (BAT) is one of the most unique cryptocurrencies on this list. It’s an Ethereum token that powers the Brave browser’s blockchain-based digital advertising platform. The Brave browser continues to grow for mobile and desktop users. It’s the only browser in the world that pays you to use the internet: Brave rewards internet users with a portion of the advertising revenue based on ads they have viewed. It’s all powered by blockchain technology and the Basic Attention Token. You’re not going to get rich with the Brave browser, although BAT could legitimately disrupt the entire digital ecosystem as we know it. Heading into 2020, BAT is priced at around $0.20, down from its all-time high of $0.98 reached in January 2020.
Kyber Network Crystal (KNC)
The Kyber Network Crystal (KNC) is a digital token that offers seamless token swaps anywhere. It’s a decentralized, peer-to-peer crypto-asset exchange built on Ethereum. With the Kyber Network, a dynamic reserve pool allows the network to maintain its liquidity while keeping swap exchanges as cheap and fast as possible. KNC hit its all time high of $5.32 in January 2020. As we head into 2020, KNC is priced at around $0.18. KNC is a deflationary ERC20 token used by Reserve Managers in the Kyber Network to pay exchange fees for on-chain exchanges. The ‘deflationary’ part of KNC is important: a portion of KNC gets burned in every transaction. The biggest reason for optimism with KNC is that it solves a crucial liquidity problem faced by many centralized exchanges.
MCO is a digital token used to access a range of products and services. Today, the key feature of the network include its MCO Visa cards, the MCO wallet, and portfolio building services. The ecosystem is operated by Crypto.com, which originally started the project under the Monaco brand name. Moving forward, Crypto.com plans to continue with its mission of fueling “the world’s transition to cryptocurrency”. At the most basic level, Crypto.com and its MCO token are making crypto more accessible and usable with tools like prepaid visa cards and mobile wallets. The Crypto.com/MCO Visa cards also come with unique benefits, including 10% cashback on Airbnb and Expedia and a 100% purchase rebate for standard Spotify and Netflix subscription plans. The prepaid card currently supports the Singapore Dollar (SGD), allowing you to spend your bitcoin balance anywhere SGD is accepted.
Ripio Credit Network (RCN)
Ripio Credit Network (RCN) tokens are way down the crypto market cap list. As we move into 2020, RCN tokens sit outside the top 120 cryptocurrencies by market cap. So why do some believe RCN tokens are one of the best investments for 2020? Well, the Ripio Credit Network is an open global credit network that connects lenders, borrowers, and loan originators on the blockchain to create frictionless, transparent, and borderless debt markets. That’s a fancy way of saying that Ripio Credit Network makes it easier for anyone, anywhere in the world, to get a loan or lend money to earn interest. If successful, the project could change the global banking sector – and it’s all powered by the RCN token.
Tierion (TNT) is an Ethereum-based token used as part of the Tierion platform for data verification. Tierion turns the blockchain into a global platform for verifying any data, file, or business. TNT allows blockchain users to store, share, and verify huge amounts of data in a single, fast transaction. Moving into 2020, Tierion works with over 500 apps to verify on-chain data. As the number of apps supporting Tierion continue to grow, we can reasonably expect the value of TNT to rise.
Decred (DCR) is an open-source bitcoin fork that emphasizes development funding, on-chain governance, and consensus mechanisms. Founded in 2020, DCR wants to solve bitcoin’s inefficiencies while creating a truly autonomous digital currency. With DCR, stakeholders make the rules using an innovative consensus voting model. The end result is a digital currency controlled by the people who hold it, free from outside third parties and other influencers. Moving into 2020, the Decred development team aims to create an innovative hybrid proof of work (PoW) and proof of stake (PoS) consensus voting system, a censorship-resistant blockchain-anchored public proposal platform, and smart contracts, among other features.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) launched on August 1, 2020, after a rift within the bitcoin development team. BCH’s developers wanted to remove blocksize limits to improve the on-chain scalability of bitcoin. Today, BCH developers continue to emphasize bitcoin’s value as an everyday payments mechanism, while BTC developers tend to focus on bitcoin’s value as a long-term form of wealth storage. Despite seemingly endless controversies and attacks from bitcoin maximalists, BCH continues to be one of the world’s top cryptocurrencies by market cap. BCH also survived the November 2020 hard fork that created two versions of BCH, which today are known as Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV). If you believe in the value of bitcoin as a daily payment option, then BCH could be a smart investment.
Honorable Mentions and Sleeper Candidates
TRON (TRX): Tronix (TRX) is the digital currency for the TRON blockchain. The goal of TRON is to create a decentralized version of the internet. Today, TRON is already one of the largest blockchain-based operating systems in the world, offering high scalability, throughput, and availability. As TRON usage continues to grow moving into 2020, the value of TRX can be expected to rise.
Tezos (XTZ): Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders. The platform offers secure, institutional-grade smart contracts, solving key blockchain technology barriers like smart contract safety, long-term upgradeability, and open participation. All Tezos token (XTZ) holders can participate in network upgrades by evaluating, proposing, or approving amendments. Token holders can also help secure the network by baking or delegating tokens.
DigixDAO (DGD): DGD is the native Ethereum-based token governing the Digix network. The decentralized autonomous organization supports tokens tied to physical assets. Digix Gold (DGX), for example, is tied to the price of gold. In the future, the platform plans to support other DG tokens that represent silver, platinum, and other precious metals. DGD reached its all-time high of $600 in February 2020. Moving into 2020, DGD sits at just $17.
Komodo (KMD): Komodo is an open, composable smart chain platform. The unique feature of Komodo is that it supports transparent, anonymous, private, and fungible transactions. Komodo is ending 2020 ranked in the top 60 cryptocurrencies by market cap with a current value of around $0.65, down from its all-time high of $10 reached in December 2020. Moving forward, Komodo plans to focus on business-friendly blockchain solutions that are secure, interoperable, scalable, and adaptable.
Monero (XMR): The ultra-secure, privacy-focused cryptocurrency is untraceable, and untraceable currency will always have value on the internet. Whether using XMR for black market activities or just wanting your money movements to stay private, Monero is an excellent option.
Zcash (ZEC): ZEC is a decentralized, open-source cryptocurrency launched in 2020. If you think of bitcoin as HTTP, then ZEC is HTTPS. It’s a more secure cryptocurrency that still publishes and records all transactions on a blockchain, but with details about the sender, recipient, and amount remain private. In a world where privacy is becoming increasingly rare, cryptocurrencies like XMR and ZEC will continue to have value.
Siacoin (SC): Siacoin (SC) uses blockchain technology and cryptocurrency to fuel a low-cost cloud storage solution. Although development progress has been slow, SC could legitimately disrupt the billion-dollar cloud storage industry at some point in the future. The core feature of SC is that it lets you use your underutilized hard drive space to earn money. Anyone who needs storage space, meanwhile, can spend SC to access that storage space. Files are encrypted and distributed across the Sia decentralized cloud.
Enjin Coin (ENJ): Enjin was first founded as a gaming community platform called the Enjin Network back in 2009. In 2020, Enjin decided to break into the crypto space with an ICO that reportedly raised $18.9 million. Today, the Enjin ecosystem includes the Enjin Platform, Explorer, Wallet, and Beam, all of which empower gamers with ownership of digital assets while also allowing game developers to earn revenue.
Enigma (ENG): Enigma aims to secure the decentralized web using its decentralized open-source protocol. The Enigma protocol lets anyone perform computations on encrypted data, bringing privacy to smart contracts and public blockchains.
Solve (SOLVE): Solve aims to use blockchain to disrupt the healthcare administration space. The Ethereum-based SOLVE token is required to participate in the platform and make transactions. As the usage of the Solve platform continues to grow among healthcare providers worldwide, the value of the SOLVE token can be expected to rise.
Best 2020 Cryptocurrencies List: Top Cryptoasset Investments to Buy Investor Disclaimer
Trading and investing in cryptocurrencies (also known as digital or virtual currencies, cryptoassets, altcoins, tokens, etc.) is risky. We are not a registered broker, analyst, investment advisor, or anything of that nature. The information above is provided purely for guidance, informational, and educational purposes. We recommend independently verifying and confirming all the information contained on this page. We do not accept any liability for any loss or damage whatsoever caused by our information. Cryptocurrencies are not suitable for all investors, and all cryptocurrency investments are made at your own risk and discretion.
I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
Cardano (ADA) Price Prediction 2020 | 2025 | 2030 – Future Forecast For ADA Price
In this guide, we will voice our own and market’s opinion on ADA future while discussing Cardano price forecast for 2020 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like ADA.
Now, let’s head into it.
Before we delve deep into the Cardano price prediction and answer questions if Cardano is a good investment or not, why will ADA succeed or fail or why will ADA price rise or drop, let’s quickly throw a glance at what is Cardano and its to date history.
Cardano to-date achievements
The Cardano team intended to finish Shelley by Q3 2020, but the development deadlines have been extended to Q1 2020. And this is one of the biggest events for Cardano since its inception. And it finally got done in Q4 of 2020. And it really made Cardano communities bustling zones again.
Shelley is the second phase of Cardano roadmap that will make its blockchain actually decentralized. ADA is currently in Byron, the bootstrap phase, where they are making improvements and debugging the code.
Shelley consists of 3 main functions:
- Incentives: Provides stakeholders with monetary incentives to ensure that the system runs smoothly
- Delegation: Allows stakeholders to delegate their right and obligation to sign blocks to a third party
- Networking: Provides network infrastructure to support decentralization
After implementing Shelley phase, ADA is set out to introduce the Cardano Improvement Proposals, or CIPs with a built voting system, details of which will be released soon. Initially, IOHK will make all CIPs, there will, however, be an increasingly better mechanism for gaining consent for them.
Part of the ongoing projects is scientific research that has made possible a gradual shift from the lab to coding. This has facilitated the revision of Ouroboros and has also brought together game theorists as well as programming experts to try and identify new applications for the Cardano ADA network.
Chance to overtake Ethereum
You can’t build anything remotely serious on Ethereum right now. You can’t say “sorry, our enterprise grade application for banks is not working since Cryptokitties got popular again”. And that’s just scalability. You need regulations to be in place too. Businesses need to know what we can and can’t legally do within this space. Besides scale, that’s the biggest factor holding us back. The security part of Ethereum is icky at best too.
Either Ethereum scales, or everyone moves on to the next protocol and if Shelley does what it promises, Cardano is going to be the prime candidate to take over the throne.
Overall, the Cardano roadmap has five phases — Byron, Shelley, Goguen, Basho, and Voltaire.
In the Goguen phase that is also already underway, the focus will be on the Universal Language framework development, IELE development, and security improvements. For investors, this phase is where the token will gain more utility with the execution of complex smart contracts. Other phases will not start before 2020.
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The Basho phase will improve scalability, security, and performance by implementing a revised network layer as well as Ouroboros Praos, the next generation protocol of Cardano’s Proof of Stake consensus algorithm.
The Voltaire phase is the final phase of Cardano’s current roadmap. In Voltaire, we will see the implementation of a treasury system and a governance model.
ADA-BTC Price Correlation
The vast majority of trading that occurs in the crypto markets are between BTC and Altcoin trading pairs. Since most Altcoins do not pair with fiat currencies (and only a few are paired with stable coins like USTD), Bitcoin is the next best option. Therefore, when Bitcoin is stable, it forms as the ideal base currency for buying Altcoins (which is why Altcoins tend to do well when Bitcoin goes sideways).
Correlation is measured on a scale from -1 to 1. Values above 0 shows the degree to which altcoin is moving in the same direction as BTC prices (either up or down in tandem), and values below 0 shows the degree to which altcoin moves in the opposite direction of BTC prices (so when BTC goes down, altcoin goes up, or vice versa). Values around 0 shows that when BTC price moves, altcoins stays steady, or alternatively that when altcoin moves up or down that the BTC price is staying steady.
ADA has had a correlation coefficient of 0.90+ for the most of its market life, with occasional drop to zero territory mostly due to the fact ADA couldn’t follow suit bitcoin’s sudden jolts upwards; as shown on the image below – source.
If you are still on the fence if you should buy ADA or not, here is a quick overview of best places you can buy Cardano tokens.
Once you buy your ADA, you will want to store it on a safe, un-hackable place and you need a good wallet for that. Here is a full guide on best ADA wallets and below is a quick overview.
Our ADA Price Prediction for 2020
Important notice before we delve deeper into the quivery land of crypto predictions – all of ours and other people’s forecasts should be taken with a grain of salt and should be looked at as a very vague indication of project’s value. Short term analysis and predictions offered by diverse traders and their groups also belong to this category, although they could have some merit if the crypto signals are offered by real pros and experienced TA people.
ADA, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, ADA can hope for one as well. Since a strong Bitcoin move in 2020 is very likely, we can expect some swings and moves upwards by ADA as well. So 2020 will be a year of potential big moves (more likely upwards) and we can see ADA at least doubling its end of 2020 price value. Of course, we speak about Cardano price denominated in USD. In terms of its BTC value, it is more likely that BTC will outperform it and ADA will be worth less Satoshis by the end of 2020.
As a result of the ICO mania of 2020, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will ADA be among those 5%?
Hard to tell but probability for that is fairly high as ADA has built a reputation of an academic and serious project that might move slow, but radiates professionalism and instills trust in their hodlers. Charles Hoskinson is the public face of the project and seems to be in charge of all major aspects of the Cardano blockchain: from the code development to business activities along with interacting with community and keeping them in the loop.
In 2020, ADA needs to make sure not to miss any deadlines (like they used to in the past) and deliver what they promise to keep their spot under the sun of crowded dapps platforms niche.
Considering Ethereum is still a re-inventing themselves with a complete makeover of its ground working principles, ADA has a unique opportunity to seize the throne from Ethereum and become the default dapps platform for the future.
Why will Cardano (ADA) succeed?
So what can cause ADA to rise and go up in price?
Cardano has a fantastic team of academics and developers from all over the world. The team is professional and work-focused, never discussing the price action of ADA token which is a good indication of correct attitude.
Cardano really focuses on scalability and sustainability. Currently, many blockchains require a copy of the entire blockchain while processing a transaction, which will slow down transaction time drastically as user adoption increases. Cardano aims to mitigate this scalability issue.
Bottom line, main pillars for Cardano’s bright future are its strong team, testing and verifying first approach to solving blockchain problems, strong community, good brand recognition and good liquidity.
Read our updated guide on best ADA wallets.
Why will Cardano fail?
Cardano could also end up being one big nothing but we see low probability for that to happen.
Small warchest to fund their roadmap, team fatigue or infights or rogue member that could disrupt the development are all possibilities that could lead to failure of any project, ADA included. However, the biggest threat to Cardano is one of their biggest advantages: their development philosophy. It could very well be that their slow and steady approach renders them obsolete if the competitors make breakthroughs in their technologies. Ethereum is moving fast and breaking (and fixing) things while ADA’s philosophy of “ounce of prevention is worth a pound of cure” is inherently lagging.
Can Cardano reach $1, $10 or $100?
Reaching $1 is in realm of possibility especially if we know ADA already was on those highs – its ATH is $1.33. However, getting to the $10 or eve $100 is a lot less likely, just take a look at the numbers: for ADA to reach $10, it would mean it has to grow 125x and have a market cap of $262 billion. If we assume that ADA/BTC price ratio stays the same, that would mean bitcoin would be $650k and have a market cap of $11.5 trillion. A bit too dreamy, isn’t it?
Is Cardano (ADA) dead?
No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2020. Coin is also still listed on all major exchanges which indicates that ADA is far from a dead project.
Market Prediction For Cardano Price 2020
With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate. Price predictions are a thankless task.
Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the Cardano (ADA) price, which will give us another point of view to consider:
Forecasting machine at WalletInvestor is spews out a very optimistic future price for ADA coin: in the last month of the year, Cardano price will be at $0.24 according to this site.
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Much more moderate stance towards ADA’s year has a prediction algo at cryptoground.com that sees ADA doubling its value to $0.06 by the end of the year.
Crypto town is a website which gives out technical analysis for short-term and long-term predictions for various cryptocurrencies. According to them, Cardano will increase by 200% in 2020 to that of the price achieved by the end of 2020, which will be roughly $0.06, which looks like a conservative prediction for ADA.
Long-Term Cardano Price Prediction Using Technical Analysis
According to longforecast.com that offers crypto predictions based on their algorithm’s technical analysis, the Cardano price prediction for December 2020 is $1.89.
This is way too optimistic in our eyes and goes to show how unreliable traditional methods of analysis are when it come to cryptocurrency world.
Long-Term Cardano Price Prediction Based on Team, Technology and Other Factors
Cardano is managed by a very strong team driven by the vision to develop a next-generation cryptocurrency.
One concern, though, is the fact that IOHK and Cardano foundation have only one more year of contract that obliges them to work on developing Cardano blockchain. What will happen after that?
If we trust in the word of Charles Hoskinson, the face of Cardano, they will ignore the contract and work until the job is done and Cardano is finished, deployed and fully functional.
This is the most crucial development that all ADA holders should keep an eye on as the epilogue will have serious repercussions on the whole project.
Cardano Price Prediction 2023
]If everything goes well with their roadmap, Shelly and Goguen hit the ground running, ADA might see its ATH value from 2020 – meaning it could go above $1 again.
ADA Price Prediction 2025, 2030
Cardano (ADA) Price Prediction 2025
Cardano (ADA) Price Prediction 2030
Realistic Cardano (ADA) Price Prediction
What Is Cardano Used For?
Cardano is third generation smart-contracts blockchain that has its own native token called ADA that is used to directly and quickly send and receive digital funds across its network.
How Many Cardano ADA Coins Are There?
The maximum supply of Cardano is 45,000,000,000 ADA. The circulating supply is 25,927,070,538 ADA.
ADA will probably gain positive momentum with bitcoin’s expected price surge and realistic price prediction for ADA in the coming months is 50-100% increase of its current price.
That is highly unlikely because in order for Cardano to reach $10, it would mean that bitcoin is at $1.6 million per token (if we assume that the ratio between BTC and ADA stays the same as it is right now).
Cardano sounds more powerful than Ethereum, in theory. However, it literally has nothing to show in practice. So the gap between ETH and ADA (Ethereum has a thriving developer community and increasing brand presence in mainstream media and financial circles) is huge and it would take a real wonder for ADA to overtake ETH.
Because it is different than all other crypto project in its philosophy and approach to development of ADA blockchain. It is rigorously peer-to-peer reviewed and researched with deliberately slow deployment of new upgrades to the network. This serious and academic modus operandi could end up tipping the scales in Cardano’s favor.
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