Cardano News Today – Top Headline for Cardano ADA December 7th, 2019

  • Will Cardano’s ADA overcome the Bears grip?
  • Cardano Price Analysis – Upward and downward price trend
  • Cardano getting prepare for the big push in 2020 – Charles Hoskinson

Cardano News Today – The founder of Cardano, Charles Hoskinson declares that the stage is preparing for a major advertising push one year from now. This declaration has the prospect of positively impacting the ADA coin. December 1st, 2019 saw the upward price movement of ADA but soon declined by 4.51%. Then, the 6% decline was seen the same day with Cardano price declining as low as $0.037515. On December 4, the digital coin’s price was at $0.038502, and if it is to be compared with the current price, ADA coin is showing a downward trend by 2%.

Yesterday, Cardano’s lowest recorded price was $0.036294. After that, it has managed to surge by 6.47% and reach $0.038642. Currently, the ADA coin is showing some signs of upward momentum. With this fluctuating price trend, Cardano may be traded at $0.037746 as it is displaying an upward movement as per the current trend observed.

It is expected to hold the existing coins to gain short-term profit. Looking at the price movement of the coin from the start of this month, the coin has traded above the baseline just for the first two days. Regardless, the interim increases in between, the bears have had a significant hold on the currency.

Cardano getting prepare for the big push in 2020 – Charles Hoskinson

The CEO of Cardano, Charles Hoskinson declares that the Cardano team is working effortlessly with several marketing groups to prepare for the big push. The CEO made this statement in a discussion he had on YouTube where he took time to explain the coin’s plans for next year.

Hoskinson held an AMA on YouTube and other platforms, discussing the 2020 road map for Cardano. He started his discussion by analyzing the current situation for the coin, and how things are falling in place. During the discussion, he made mention of the current progress of the upcoming Shelly update. And reported that the Balance Snapshot has been completed.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.100

According to Hoskinson, the crypto platform aims to bring in more clients and thus dominate the crypto market. Hoskinson explained that its platform can carry out 1 billion transactions. Also, he encouraged the Cardano team to work swiftly so the brand will enter the main market as planned. Generally, Hoskinson envisages the huge and successful year 2020 for ADA.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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