Connect with us
CLOSE

Cardano News

Charles Hoskinson: “2020 Is Cardano’s Year, ADA Will Be Massive”

Published

on

bitcoin btc

The main guy behind Cardano (ADA), Charles Hoskinson, has made a bold claim in the cryptocurrency news today, predicting that 2020 will be the year when the cryptocurrency project is going to be massive. Hoskinson believes that the advanced protocols will function to position ADA as one of the strongest cryptocurrencies in the industry.

What’s interesting is that this prediction comes during a market slump and a major drawback which has seen a lot of coins in the red. Cardano (ADA) is definitely one of them, losing more than 6% on the day.

However, Charles Hoskinson believes in his statement that the project is going to be massive next year. He sent out a tweet recently where he noted that the releases of numerous advanced protocols are why ADA may be positioned as one of the strongest digital assets in the space next year.

According to Hoskinson, the Cardano project “will be a beast” come 2020.

The Cardano latest news also show that this prediction comes at bad times for the market. Even though Cardano fans came out after the tweet to commemorate the release, it is true that many are skeptical about the future of the crypto markets.

For instance, we could see the leader Bitcoin shedding more than $200 today and around $500 this week, with a current price below $8,000. Perhaps this trend will stop – but anyways – we are seeing the BTC price losing a lot over the course of the past weeks and falling to new four week lows.

In theory, the Cardano project and its fan base look optimistic. However, the reality is that one of them posted a reply saying that Cardano had raised the bar for blockchain projects and is set to make huge waves in the market in the coming year.

Both Charles Hoskinson and a lot of Cardano (ADA) backers are confident about a bright future for the coin. Until then, however, we must weigh in the fact that Cardano (ADA) lost a lot over the past couple of weeks too. Its peak price of $1.11 during January 2018 is a proof that there is space for more gains – but only with a market that is supportive.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Continue Reading
Comments

Cardano News

Top Analyst Predicts A 100% Cardano (ADA) Price Surge Soon

Published

on

By

top analyst predicts
The top of the Bitcoin bull market in 2018 showed that Cardano (ADA) was dominating everything, just like BTC and most of the coins in the altcoin news. Aside from a few select altcoins in Ethereum, XRP and BCH, Cardano was at the top of the market and rallied on a seemingly strong team. As one top analyst predicts, Cardano will become the next leading blockchain and may soon hit highs with a 100% rise.Since then, however, the cryptocurrency has seen quite the fall from grace. If we see TradingView's information, the cryptocurrency has collapsed by 96.74% against the US dollar since its all-time high which was well above $1.The Cardano news now, as the top analyst predicts, may show a rise and explosion in terms of price - and ADA could soon match its high assuming that it surges by 100%. Against BTC, the cryptocurrency has collapsed too and dropped by dozens of percent against this leading digital.Despite all of this, the top analyst predicts a new case for a massive explosion in the price of ADA against Bitcoin (ADA/BTC). We are talking about Josh Olszewicz, who is the cryptocurrency analyst at Brave New Coin, noted that the chart of ADA/BTC is looking prime for an explosion higher from a technical perspective.The analyst looked at the following three factors:
  • First, the fact that ADA has seen nearly six months of accumulation in a tight range
  • Second, the Ichimoku Cloud which is a sort of all-in-one indicator key tracking price levels and trends, which turned bullish for Cardano against Bitcoin
  • Last, if ADA makes an end-to-end Ichimoku Cloud move, the price of the cryptocurrency could more than double in a few months' time
The top analyst predicts that fundamentals aside, ADA has a major potential to grow. He outlined this in a recent tweet in which he also painted a chart with red.https://twitter.com/CarpeNoctom/status/1219873518847918080Even though ADA is looking extremely bullish from the technical perspective, the long-term outlook for the altcoin seems to be decisively bearish. Per previous reports from analysts, we could see that ADA was part of many portfolios even in the bullish market, when no one expected analysts to put the altcoin in their outlook.
`
Continue Reading

Cardano News

Cardano’s Largest Pools Seem To Be Over-Staked At The Moment

Published

on

By

Cardano's largest pools
Cardano’s largest pools seem to be over-staked currently and the issue will still be observed for the upcoming weeks. As per the latest reports that we have in our Cardano news, the AdaPools.org platform indicates that 18 of Cardano’s 249 active staking pools are saturated as of January 4.In regards to value, 33 percent of all staked ADA was allocated to 7% of the active pools. IOHK considers the pools with more than 1 percent of all staked funds to be saturated. The rewards are later shared with fewer people and the pool becomes ‘’less desirable’’ as IOHK noted on Twitter. The users, who fail to switch to less saturated pools, seem to earn lower rewards which are only a system to keep the pools from becoming centralized.Though Cardano has a few large pools, the majority of Cardano’s largest pools are not over-staked. The research shows that each pool is ranked by the amount of ADA that it has staked so by definition, it lists the most saturated pools first and it is not clear if the users will want to flock to certain pools or if the saturation is just the outcome. The pools that offer low fees and higher rewards do not appear to be saturated however, the pools that are run by Cardano ambassadors seem to be attracting a lot of staked value because of their official nature.Despite the fact that the pools are indeed saturated, Cardano has a large network with a huge potential to be more decentralized. The project attracted a lot of active pools and the users have staked about 9.5 billion Ada on the testnet. It is also possible that the network will grow larger when Cardano launches staking on the Shelly mainnet this year. The changes in the staking process are clearly needed so Cardano has to shift the incentives to encourage movement between the pools.Pool listings sites will have to sort the pools in a way that makes unsaturated pools more visible to the public. The users have also requested saturation alerts and switching between pools which will make the entire process much more easier. The staking process is fairly simple and it seems that the process will not be as simple as ‘’set it and forget it.’’ Over-staking has been a long-running issue on the other blockchains that heavily rely on similar delegation systems such as Tezos.
`
Continue Reading

Cardano News

Cardano Is Expected To Be The Most Predominant Force By 2020: CEO

Published

on

By

top analyst predicts
The CEO of Cardano, Charles Hoskinson, recently spoke about how Cardano is expected to rise soon and become "the most predominant force by 2020" as he said. From the daily altcoin news, we all know that Cardano and its token ADA have been growing and were described as one of the most innovative blockchain networks in the country.However, the CEO of Cardano recently decided to step up and say how he hopes that ADA will be the most predominant force in the crypto space by the end of 2020. Hoskinson revealed that with the launch of the much-awaited 'incentivized testnet' the team behind ADA learned a lot about stake pools and the business of maintaining a cryptocurrency all while creating stability.In his latest AMA session, Hoskinson spoke about the future Cardano news and said that 2020 could indeed be the year for ADA, adding:
“We are especially interested in investing resources at IOHK and our partners at EMURGO and the Cardano Foundation [are] investing a lot of time to make sure that we fully understand. And as we exit 2020 and we go throughout the decade this is something we do continuous research in and the better we get, the better the feedback loop becomes, the faster we can grow and get to those billion users and become a true social operating system that is beneficial to everyone in the world.”
Cardano is expected to be a predominant force as he said, and the three crucial things that need to be aligned for it to "displace" Bitcoin and achieve the coveted number one include commercialization, incentives and technology.Hoskinson admitted that all cryptocurrencies came into existence because of Bitcoin as the oldest coin. He also said that this coin will always be valuable - but also that the Cardano platform will be a place which caters to the people wanting to build their dApps on a platform that people want to store value on.As his final note, Hoskinson said that the Cardano ecosystem this year will focus on collaborations. He also said that the Ourobouros BFT will be rolled out by February at the latest.At press time, ADA is at the 12th position on the market and trading at $0.034.
`
Continue Reading

Cardano News

Cardano’s Testnet Success Provides A Guide On Decentralization

Published

on

By

Cardano's testnet
Cardano’s Testnet success only shows how decentralization should work and according to Charles Hoskinson tweeted to update the community on progress with the Shelley incentivized testnet and it seems that they fixed all minor issues and also that the staking process has been successful so let’s read more about it in today’s Cardano ADA news.The co-founder Charles Hoskinson tweeted about the developments of the Cardano’s Testnet and said that there’s more work required to get rid of the minor issues but overall, he is pleased with the progress. Since the start of November, when the ADA balance snapshot happened, the testnet progressed through a few stages and the most recent one was the release of the Rewards Wallet back on Monday this week.Since then, the ADA token holders who participated in the testnet, could delegate their tokens with the choice of stake pool operators and the reward was eventually more ADA which will become spendable after the finish of the testnet. The testnet will integrate with the mainnet and will transition into the Cardano blockchain to a decentralized network. The key phase of the Shelley phase is decentralization and the developments will boost the Cardano network a step forward as well.By rewarding the delegation and helping the third-party operator pools and developers, the team hopes to make Cardano the most decentralized network out there. There are about 466 staking pools that are taking part in the testnet but Cardano aims to attract more than 1000 operators into the network:
 “We expect Cardano to be 50-100 times more decentralized than other large blockchain networks, with the incentives scheme designed to reach equilibrium around 1,000 stake pools.”
The Bitcoin network operates in less than 20 large mining pools 81 percent of which are concentrated in China. This has serious implications for Bitcoin since people wonder whether the benchmark cryptocurrency is truly decentralized. Bonpay pointed out some people and corporations that mine Bitcoin which are able to do so because they take advantage of economies of scale:
 “Having so much mining power centralized in one country put in doubt decentralization of Bitcoin and exposes the Bitcoin network to a worrying degree of political risk.”
`
Continue Reading

Newsletter

For Updates & Exclusive Offers
enter your email below





NEWS CATEGORIES

ADVERTISEMENT

cryptocurrency review
FO5F93F47156 - Charles Hoskinson: "2020 Is Cardano's Year, ADA Will Be Massive"

ADVERTISEMENT

Medium Rectangle 300 200 2 Animated - Charles Hoskinson: "2020 Is Cardano's Year, ADA Will Be Massive"

ADVERTISEMENT

oasistrade banner

ADVERTISEMENT

300 250 - Charles Hoskinson: "2020 Is Cardano's Year, ADA Will Be Massive"
FO710FC3F2305 1 - Charles Hoskinson: "2020 Is Cardano's Year, ADA Will Be Massive"

ADVERTISEMENT

300 600 3 - Charles Hoskinson: "2020 Is Cardano's Year, ADA Will Be Massive"

Trending Worldwide