- 2020 is going to be Cardano’s Year – Charles Hoskinson
- Cardano ADA price analysis
According to Charles Hoskinson, the founder of the Cardano network, 2020 could be the year things turn around positively for the Cardano’s ADA. Next year could be a lot more positive for the entire ecosystem and Cardano stays among the most innovative blockchains in the market. Since the lunch of Cardano Network, Hoskinson has been very involved in the project and its development.
Currently, Hoskinson and the entire team are working on the new incentivized network that would reward users for partaking in it. He stated in a recent tweet that they are going to be working on smart contracts, decentralization, scalability, high assurance and also governance.
Cardano (ADA) Price Today – ADA / USD
His tweet went thus: “Moving the chains slowly. 2020 is our year. Smart contracts, scalability, decentralization, high assurance, governance. Time to make a dent in the universe #getitdone…”
The goal is also to attain 1000 stake pools and become 20 times more decentralized than the EOS network. EOS is the 7th largest cryptocurrency in the market that is also permitting companies and interested parties to install decentralized applications (dApps) and other smart contracts.
In the past few years, the scientists working on the Cardano project have been creating new solutions and a network that now provides solutions to users and investors that trust in it.
“Cardano in 2020 will be a beast,” stated Hoskinson.
One of the major competitors of Cardano is Tezos (XTZ), which has also begun to provide staking services for users and many exchanges are already incorporating XTZ staking services. While Cardano is the 13th largest cryptocurrency, Tezos has attained the top 10 exceeding Stellar (XLM) and Tron (TRX).
Cardano is close to attaining a market valuation of over $1 billion and becoming a more functional network than it was in the past. In the coming months, new applications and developments are going to be issued on the Cardano network to lure a larger number of users and provide solutions to interested parties. Whether 2020 is going to be Cardano’s year remains ambiguous.
Cardano ADA Price Analysis
On 24th December, Cardano started the day at $0.0344, the coin declined to $0.0342 by $0.62%. The price further declined to $0.0344 by 1.31%. The coin soared to $0.0344 by 1.65%. Subsequently, there were other declines, but at 3.28%. The price later moved from $0.0344 to $0.0332. The coin ended the day at$0.0329 by 0.92%. The intraday movement in the price showed a decline of 4.24%
Today, Cardano started the day with a decline of 0.26%. The price counters moved from $0.03299 to $0.03291. The coin corrected and surged to $0.0340 by 3.24%. The current price of Cardano is at $0.0336. The coin is moving toward instant resistance level at $0.0341, it seems that is what will end the day. ADA might be soaring around the next resistance level at $0.0350.