Another Win For Cardano (ADA) As Weiss Rating Tags It A Top Blockchain Protocol

Cardano news today focuses on the network’s range of services that have been cost-effective and made financial dealings less difficult or costly for crypto enthusiasts. The continued growth and success of the network have helped the price of Cardano to realize some gains and grow in popularity as time passes. Cardano is currently in the top ten digital assets by market cap according to CoinMarketCap. Now, for Cardano live forecast today, the Blockchain protocol has been applauded for its efforts by Weiss ratings.

Cardano Price Prediction: Weiss Rating Report Received Mixed Reactions From the Crypto Community

Cardano is a decentralized Blockchain platform and is no doubt one of the most popular projects out there. The network is well known for implementing a research-driven approach with blockchain technology. ADA, Cardano’s native token is widely accepted on exchanges for trade and is used by businesses.

This Monday, a top online Blockchain rating platform called Weiss Ratings reportedly applauded Cardano. Calling it one of the top projects available. The statement which was released via Weiss Rating’s official Twitter page viewed Cardano as arguably one of the cheapest projects currently in the market.

The news received mixed reactions from the crypto community. The Weiss Rating support was split into half.

Cardano Price Prediction: Many Crypto Enthusiasts Believe Cardano Hasn’t Met Their Expectations

While many users have acknowledged that Cardano has truly performed well with its attention, others claim that the coin hasn’t met their expectations.

The reason for the lack of a unanimous agreement in Cardano could be news concerning the Shelley update. We can recall that the update has been put back by Cardano. Now some analysts are of the view that the coin isn’t really ready to initiate such update. Additionally, some Cardano users have also experienced problems with ADAs native wallet.

Cardano Price Prediction: Cardano Partnerships Makes It a Promising Token

Despite the above issues, ADA is regarded as one of the Blockchain projects with a bright future. ADA founder Charles Hoskinson is a highly respected figure in the crypto industry. Cardano just like its contemporaries has engaged in several partnerships. It has been utilizing its solutions to facilitate adoption and expand its presence as a leader in the crypto sector.  The Blockchain network is fully focused on deploying solutions to developing countries by harnessing the adoption and growing potential of its native token in these regions.

Earlier in February Cardano announced that it will train no less than 1000 developers in India to use its blockchain. The Mongolian authorities have used Cardano to track illegal drugs in the drug sector.

Cardano Price Prediction: The Price of Cardano Stood at $0.085649 at Press Time

As of press time according to CoinMarketCap, the price of Cardano is currently $0.085649 per unit. The coin has reportedly gained about 0.75% in the past 24 hours. It currently has a market capitalization of $2.2 billion and sits at number 10 among the top cryptos.

Cardano remains one of the best blockchain projects out there. It would be an interesting proposition to see if the price of Cardano can sustain its growth potential in the coming months. Everything looks good for the network in the long-term following a series of partnerships.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.