Cardano price evolution:
The cryptocurrency market has not been able to better exceed 2020. If you look at the growth of Cardano (ADA) in 2020 it has been above 700%.
Thanks to all this growth it has escalated among the currencies with the largest market capitalization.
According to Coinmarket data, the capitalization of this cryptoactive amounts to 40,700 million dollars, exceeding 39,200 million of binance coin and 35,000 million of tether.
Charles Hoskinson, founder of Cardano and co-founder of Etherum, revealed that most of the problems that Etherum has through Cardano are ready. In The Telegraph he commented that the capitation of the currency could exceed a TRILLION DOLLARS in around in five, ten or fifteen years.
Cardano, Etherum's little brother:
By replicating Cardano, everything that Etherum has happened can more easily solve all the problems that happened in the Ehereum ecosystem.
On the other hand, the biggest side when comparing it to Ethereum is that it has to compete against a large Ethereum network and users. However, Cardano is already working on a series of updates that would facilitate the transition of users from Ethereum to Cardano.
Another detail to discard is that Charles Hoskinson commented that Cardano will be the most decentralized Cryptocurrency on the planet once all the updates have been implemented in the protocol, it can become between 50 or 100 times more decentralized than Bitcoin itself.
Cardano roadmap. Buy & Hold?:
Last year Cardano launched the decentralization phase called Shelley.
At the beginning of March this year, they plan to launch the third phase called Goguen that will allow users, regardless of technical knowledge, to create and execute smart contracts.
This will be the most important as it will develop smart contracts being long and complex, once implemented the two subsequent phases -Basho and Voltaire- will not take much longer.
The great difference of Etherum with the rest of cryptocurrencies is the ability to launch smart contracts on its own network. Once Cardano has integrated the smart contracts we can see an interesting increase in its price.
Everyone talking about Cardano:
- In this Google trends Chart, it is at higher trending levels since it peaked in 2018.
- Moreover, Cardano wants to join the decentralized finance (DeFi) that are aiming to be the future of cryptocurrencies.
- Finally, Cardano could bring a solution that could allow to vote safely in future elections with its blockchain.
This is not an investment recommendation.