Cardano (ADA) Price Back In Bullish Territory, Boasts of A Strong Community

The price of Cardano has shown promise in recent weeks all thanks to its closely knitted community and founders. Charles Hoskinson, the founder of Cardano, has been vocal about the functionality of the network. Hoskinson has been commended by members of the Cardano community for keeping users update on his long AMA sessions. Even though the price of Cardano failed to post impressive surges after several brief surges triggered by updates earlier in the year, the Cardano (ADA) community has been very supportive.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.032

Cardano Price Prediction: Hoskinson Has Actively Promoted Cardano

In his most recent AMA session, Hoskinson addressed one user that attacked the network saying, “ADA is dead.” Hoskinson replied the critic:

” He couldn’t afford me. ADA isn’t near dead, we are actually doing great. We have seen a velocity similar to this.”

Hoskinson is also a Co-founder of Ethereum aside from his role in the development of Cardano. He serves as the CEO of IOHK. What do the charts say about the price of Cardano? Will the current downward price movement continue for the Blockchain offering?

Cardano Price Prediction: The Price of Cardano in the Long-term is Bullish

Despite the current downward spiral Cardano still remains a unique Blockchain offering because of its technology. Majority of the crypto enthusiasts are of the view that the price of Cardano can increase 4X than its current position in upcoming days and months. It has to be said that ADA is an extravagant platform designed to handle smart contracts making it strikingly more unique than the Ethereum (ETH) Blockchain. Cardano is specifically focused on institutions that have the capacity to perform smart contracts.

Additionally, Cardano follows a peer to peer approach when it comes to developing smart contracts. dApps can run smoothly on the ADA platform. If investors decide to debate the best cryptocurrency to invest in 2019, the Cardano should be on their radar. ADA is one of the more likely bullish cryptocurrencies, in the long-term.

Cardano Price Prediction: The Price of Cardano Stood at $0.069158 at Press Time

ADA also has a steady market cap with a stable performance. Moreover, the price of Cardano makes it one of the cryptocurrency to maintain effective communication with investors and traders. Delivering timely information about regarding any developments in the sphere. Apart from this, there have been a number of updates in the Daedalus Wallet. The Daedulus wallet is regarded as the mainstay of the Cardano Blockchain.

In addition to the above, the Gogugen Project is also going to be implemented by Cardano developers on the Blockchain’s computation layer. The solution is aimed at changing the whole Cardano code base. This ADA project will be built with the K framework in a bid to dignify the Haskell Smart contract language. These offerings and more are the reasons why Cardano has a bright future ahead. As of press time the price of Cardano is trading at $0.069158.

The price of Cardano can successively run higher into bullish territory. Investors or prospective investors can follow all Cardano price trends to make an informed decision before investing.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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