Cardano ADA and 2020 Stablecoin Market?
Cardano ADA and 2020 Stablecoin Market, Goguen, University of Wyoming and LO3 Energy

Cardano ADA and 2020 Stablecoin Market?

By TiddyBit | Stonks | 15 Feb 2020


Cardano what can I say. It has its problems but it still looks optimistic. I was lucky enough to gain entry around 3-4 cents before test staking came out right at its bottom dip around December 2019. With all of its news and hype that is great right? Well I have been having trouble with Cardano wallet Daedalus Node and even more problems with its Rewards. So many problems that using my Key still does not display my coins in my wallet or rewards so I am unable to stake. I have only seen the pool list once and could not stake as it displayed balances of 0 in both of my wallets even though I've had a balance in both wallets before and after the snapshot. Without being able to do anything with the wallet node or the rewards node I will still try to do my best to keep this unbiased but taking estimated 1 month, 1 week, 4 days, 5 hours, 18 min, 49 sec to retrieve my wallet from key but then showing my x amount of ADA and when I go to stake i cant stake as it says i have 0..... sigh....

Cardano ADA Wallet Woes.....

Anyways if your are lucky enough to be able to stake good for you, continue to to it in pools that will get you max rewards you can get and with the littlest fees too. Cardano is gaining much popularity in the crypto world and its just getting started. 

Cardano ADA being a native to a stable coin would be huge boost to its value. There are many decent stable or altcoins out there that use say Ethereum for its native cryptocurrency and its native has almost always done better than it. Charles Hoskinson the CEO of IOHK of the company behind Cardano has said that they have been thinking about stablecoins for 7 years and that he started this space with them.

Whats happening?

A recent Tweet by a company that focuses on crypto and rates it on February 11th stated that the CEO of IOHK was looking to do a stable coin.

Weiss Crypto Ratings

Not just any stable coin but a central bank mechanism. Mr Hoskinson has continued the statements of this stable coin multiple times and even stated that a stablecoin like DAI would spread like wildfire and bring hughe use case to ADA and huge advantage over other stablecoins like USDT and USDC. the tweet from Weiss Crypto Ratings (link) continues to fuel this news especially when Mr Hoskinson continues to talk about a DAI like stablecoin when addressed by "The Cardano Report" a news network focused on Cardano. Could this be disastrous for Cardano if the company cant rain him in or if the company fails to deliver?

Charles Hoskinson stablecoin tweet

Charles Hoskinson stablecoin tweet

While this is all great and shows the importance that Cardano ADA can have in times to come. But what does that mean right now? There is always a point in a crypto that you either hold it or dump it before it dies. With Cardano I think there is a bright future, if you can hold it and stake. With the recent PR news on Davos with partners within different areas could bring more attention to Cardana and ADA. With the recent opening of IOHK Cardano Research Lab at University of Wyoming, LO3 Energy partner for Goguen, a Cardano backed product and authenticity too could be in ScanTrust.... the future looks bright in deed. 

OHK Opens Cardano Research Lab at University of Wyoming


Note: I am not a financial adviser or writer in any way and you should do your own due diligence and research the best you can do. While you should do your own research it is important to note that coins that perform well when Bitcoin doesn't is a strong indicator of its ability.

Disclosure: Cardano ADA is about 20% of my portfolio


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