Cardano News Today – Top Headline for Cardano ADA December 17th, 2019

  • Cardano (ADA) Price surge 
  • Cardano surpasses older PoS competitors by the number of staking pools and rewards

ADA Price Analysis – Like every other cryptocurrency in the market, Cardano has also demonstrated momentum over the last 24 hours. It has surged by 0.18% in the last 24 hours and the ADA price has now marked $0.03626. In this period, the price has displayed three significant price variations.

Cardano Price Prediction – previously, ADA coin was being traded at $0.0361 at beginning of the day, and its first swing occurred between 01:38 and 08:56 UTC. Over these periods, Cardano price increased with 2.38% to reach 0.03665303 USD, the highest for the day.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.030

It was subsequently followed a 2.04% decrease in the value pushed the ADA price to $0.035905 by 14:05 UTC. The next swing surged of 2.10% that occurred between 14:05 and 20:46 UTC and this swing aided the ADA coin to surge as high as $0.03666079.

Towards the end of the day, the coin began waning and decline by 1.69% to attain $0.03604119 by 00:50 UTC. The market cap has displayed a descending movement over the last 24 hours. As of December 15, it was $950.315 million and currently, it has declined to $943.463 million.

ADA coin’s 20 days MA is currently at $0.03627036, and it’s 50 days MA is at 0.03622974 USD. The current price of Cardano at $0.03626383 is 0.094% more and 0.018% less than the 50 days and 20 days moving averages. Though it is likely the coming days see upward movement, but no sudden change is predicted soon. Major Resistance may fall at 0.0373 USD.

Cardano surpasses older PoS competitors by the number of staking pools and rewards

Though still upcoming, the Shelley period of Cardano can overtake its older and more established PoS competitors. Going by the tweets for the Cardano community, the Shelley incentivized testnet brags 10 times higher staking pools than EOS and Tron. According to the tweet, Ethereum and Bitcoin have about 10 pools that are 28 times less than what Shelley gained in just two days.

According to the calculator, running a whole stake pool is more lucrative. Allotting the same amount of ADA, while holding onto 1% of the whole stake in the pool and taking 10% of the rewards as an operator could earn the pool more than 90% of its stake yearly. As the testnet advances, the ranking of the staking pools will not be judged on performance only. This means that it would not be long before it would be judged by other things like a combination of cost, margin, pledged stake, and performance.

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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