Cardano WILL MAKE You A Millionaire Overnight? Cardano Price Prediction Video
Today’s HOT Topic is once again related to Cardano, YES seems like the cardanohype is not dying any soon and we will keep serving you dishes of cardano price prediction, cardano price analysis, and cardano rumours made using cardano. Also we are going to provide some juicy cardano latest news. I hope you enjoy it!
#cardano #ada #cardanopriceprediction
Timestamps
00:17 Cardano price prediction and analysis
01:46 Cardano (ADA): A 3rd Gen CryptoCurrency!
02:49 Should YOU Buy Cardano?
04:31 Risks with Cardano!
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Now Let’s get started with Prediction and Analysis will come through later in the video. Recently, the Cardano price has become monotonous. As Ethereum's domination persists, ADA is trading at $1.3455, which is inside the same range as it has been for the past few days. According to data collected by CoinMarketCap, the market cap is $42.8 billion. It is the world's seventh-largest cryptocurrency.
The most recent major incident in the Cardano network was a major event in Africa that occurred only a few days ago. In the case, Input-Output, the organization behind Cardano, signed an agreement with the Ethiopian government to decentralize the education sector.
Cardano's technologies will be used by the Ministry of Education to establish a digital identity for 5 million students.
With all that being said, Let’s start with the forecast!
The Cardano price has been consolidating in recent weeks, according to the four-hour graph. The fact that the currency is trading at the same pace as the 25-day and 15-day exponential moving averages demonstrates this (EMA).
Most notably, the pair is developing a bullish pennant pattern that is significantly above the Fibonacci retracement stage of 38.2 percent.
All this means in simple terms, Cardano ADA has a high potential to reach the MOON KISSING Price of $100 (USD) by the next one or two years. If we are lucky who knows it might as well kiss that figure by the end of 2021. That is the amount of potential, people are observing in this cryptocurrency.
Cardano (ADA): A 3rd Gen CryptoCurrency!
Cardano has always been a promising cryptocurrency. Its proof of stake (PoS) technology enabled the network to verify transactions without the expensive proof of work (PoW) method used by Bitcoin and Ethereum. Meanwhile, because of the coin's lightning speed, the network could potentially perform a million transactions per second.
Cardano's all-star leadership team was responsible for much of this. The Cardano network, which was established by Ethereum co-founder Charles Hoskinson, has since added other top industry veterans to help grow its cryptocurrency network.
However, the coin's youth has another advantage. Hoskinson began work in 2015 after the scaling bugs in Bitcoin and Ethereum had already been discovered. To avoid making the same errors, the founding team chose the Ouroboros Protocol, a proof-of-stake scheme in which trustworthy players could verify transactions rather than solve a pointlessly complicated cryptography puzzle.
The Ethereum Project is still focusing on switching to PoS, but Ouroboros was never guaranteed to succeed. However, ADA's device has proven to be much more resistant to attacks than anyone had expected.
Should YOU Buy Cardano?
Cardano now resembles Ethereum rather than Bitcoin Gold. The typical ADA purchase charges less than 25 cents in transaction fees, much less than the 1.5 percent to 5% discount that standard banks and credit cards charge.
Cardano set aside 5 billion ADA for its three growth teams when it first opened. The monetary equivalent at the time was a mere $150 million – enough to make a difference but not enough to transform the planet.
ADA's crazy trip has turned the minimal amount into a fortune since then. With the allocated ADA now worth nearly $6 billion, these companies find themselves in an unusual situation that only Ripple Labs could have seen with XRP.
Cardano is expected to launch the Goguen Mainnet, a smart contract capability, by the end of March. That would open up the NFT universe, which is currently owned by Ethereum's ERC-20 tokens. y.
DISCLAIMER: Note that I am not a financial adviser and you should do your own due diligence before making any decision.
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