Cardano has managed to grab a considerable crypto space. But how did this happen? The most awing transition! The project aspired for a different dimension in Blockchain technology, And victorious in the same, this network evolved to be the first peer-reviewed and amazingly scalable. Adding to it, The platform works on Proof of Stake and bypasses the current sustainability debates.
Jump in to read more about the latest Cardano price Forecast, Updates, ADA Price prediction, and many more…
Cardano is currently trading at $1.19, and it has lost more than 13 percent in the last 24 hours, following the sentiment of the rest of the cryptocurrency market. Although there is an optimistic prediction for Cardano (ADA), which had posed some handful gains in the last seven days before a big new technology launch and now has a market capitalization of over $47 billion. The seventh-largest crypto asset by market cap gained 44 percent from a low of $1.11 on January 11th to $1.60 on January 18th.The coin saw a short term rally from $1.069 to $1.63 before hitting a reverse.
What Actually is Cardano (ADA )?
The network is also the world’s first-ever peer-reviewed decentralized blockchain solution and ADA is the native cryptocurrency that powers that protocol. It was created by ex-Ethereum co-founder Charles Hoskinson and Launched in September 2017. The altcoin has a supply limit of 45 billion tokens and reports even say that 95% of ADA coins are held by Japanese people.
Considered to be a third-generation blockchain, the project is different from Bitcoin or that of many others.
ADA to reach new highs?
Nigel Green, CEO of financial services firm deVere Group, believes Cardano Price prediction will reach new highs in 2024 , where as Cosmos Atom Price a project based on proof of work , expected yo rally2x with momentum !
Nigel Green, CEO of financial services firm deVere Group, believes Cardano (ADA) will reach new highs in 2024 ,
Green claims that the price of ADA is rising due to the enthusiasm surrounding the debut of SundaeSwap, the first decentralised exchange (DEX) ever built on Cardano, in a statement.
According to him, the excitement around the launch today of SundaeSwap, which will employ Cardano’s pioneering underlying blockchain technology, is the key cause for the cryptocurrency’s remarkable price increase over the last week.
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As the smart contract platform enters its Basho phase, the third of Cardano’s five well-defined phases of development targeted at boosting the network’s scalability and interoperability, Green is optimistic that ADA will set a new all-time high this year. Because the upgrades keep coming, he is certain that Cardano will hit new all-time highs before the end of the year.
Green believes that ADA will eventually cut into the market share of Ethereum (ETH) and Bitcoin (BTC) (BTC). Cardano will reach maturity in 2024, and we can expect its price to skyrocket, stealing market share from crypto competitors like Ethereum.”
