What Happens If Cardano Break The Resistance at $0.1000? – Cardanoo (ADA)’s New Partnership Will Take It To The Moon

Cardano has been able to convince a lot of international organizations of its goal. If the promises they have made about the Cardano Shelley project come to pass, the Cardano blockchain will become the most important platform for decentralized apps and smart contracts in the next few years. Cardano Shelley is going to come with many upgrades including quantum resistance, proof-of-stake consensus, MultiSig transaction capabilities, paper wallets, and so much more. Charles Hoskinson has said that this Cardano Shelley upgrade is going to make Cardano 100X more decentralized than Bitcoin.

One of the transformative features that would be introduced to Shelley is quantum resistance. You see the developers of quantum computers are certain that these computers will make blockchains useless because they can be used to hack or override any blockchain. While they have not yet been deployed, they will be fully ready in the next few years. So, making the Cardano blockchain quantum resistance is one of the biggest moves by the Cardano development team that will make the blockchain stand the test of time.

Cardano News Today – Cardano’s partnership with FTAHK

In a recent announcement, the Cardano Foundation said that it has entered a new partnership with FTAHK, a Fintech association in Hong Kong. The non-profit organization that operates independently and represents the interest of the FinTech community in Hong Kong and across the globe. It deals with matters related to RegTech, artificial intelligence, online payment, and online data management among others. This move is just another sign that Cardano is committed to global expansion and adoption.

Cardano Price Prediction 2019

At the time of writing, the price of Cardano ADA was $0.091020. While Bitcoin led the bull run, it started correcting lower toward the end of trading yesterday but Cardano was able to retain its gains.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.041-1.96%

How high will Cardano ADA go? Well, there is a strong chance that ADA will break the resistance at $0.1000 near-term. This will pave a way for more gains against the USD. However, it’s not clear when this breakout will happen. So, the best way to profit is for you to wait until the market is losing momentum before you start taking profits.

Cardano Price Analysis – ADA Can Hit $0.1

Since the beginning of the year, the price of Cardano ADA has been doing relatively well. It was able to get back into the top ten list on coinmarketcap.com and can potentially do better before the end of the year. The Cardano price prediction 2019 and the Cardano price prediction 2020 have been bullish since the Cardano team announced an upcoming upgrade, Cardano Shelley. Cardano Shelly testnet will go live in June and with just a few days left before the big day, the price of ADA is fully under bullish control. Yesterday, the Cardano team gave an update about the progress they have made and new partnerships they have formed. Shortly after the update was made, the price of ADA spiked significantly outperforming Bitcoin and other altcoins.

ADA price is currently holding strong in the rally with the upper support found at $0.094 and the lower support levels found at $0.087. Cardano’s approach is more scientific and systematic to advance and develop its network. The analyst Charles Hoskinson has given updates about the Cardano and elaborated that this development is remarkable and Cardano will get a lot of popularity because of this project.

A great project has been launched recently that aims to introduce some advanced features in this currency. It will be materialized in June 2019 making it all the more reason for the rally to persist in the months to come while the main net version is also speculated to be launched by the end of 2019.

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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