The ADA price and what will Cardano do in the future?
The Cardano (ADA) price is being watched by many people. Yet this blockchain today is not so much about the ADA-price, but rather about the technological progress that is based on the developments with major scientific support. All very nice, but if you want to invest, this Cardano value is a lot more interesting than the technical story. Or is it just a little different with this chain?
The Cardano price is based on the value of the chain and the number of coins in circulation. Not all ADA tokens are currently on the market. In total no less than 45 billion coins will be put on the market. We are currently halfway there, but because the PoS protocol is being used for the launch of new coins, this is happening very gradually and at the same pace as demand for the coins increases.
The scientific basis of Cardano has done the Cardano value well. There is a large community with a lot of confidence in the blockchain. Experts call this “the best” blockchain. This is inevitable: all applications are thoroughly tested by developers and a large scientific community before they are used. This way, the developers always know for sure that the blockchain software has a very high reliability.
Hard forks are always a risk with Proof of Stake coins. At the moment, this is very unlikely with Cardano, because development takes place entirely on behalf of the Cardano Foundation at a company called IOHK. The adaptive capacity of the software is so high that adjustments can be made within a few days, for which Bitcoin would needs years.
What will the Cardano price do in the future?
The Cardano price has been moving slowly up and down between 5 and 10 cents for some time now. Because of the adaptive capacity, the safety and the scientific basis there is a very big chance that Cardano will eventually become one of the biggest players on the market.