Cardano (ADA) looks to be moving quite steady in its price as many investors are looking positively at the crypto ahead of the second of the year. The 11th ranked coin based on market cap is gearing up for a bullish run.
It is highly anticipated that ADA is poised to increase in price in the coming weeks and many hodlers believe that the coin is one of the profitable projects around. However, it remains to be seen how the market reacts to this speculation.
Cardano (ADA) Speculated To Continue Recent Growth
Cardano has continued to make good gains in its price in recent weeks. After hovering within the $0.047 mark the coin eventually hit the $0.05 mark some days ago.
As one of the prominent coins in the crypto market Cardano’s price is expected to rise as its trading volume increases with optimism that it could stake a claim in the top 10 crypto’s in Q2. This would represent a sharp rise for the coin which began the year in 13th position.
Cardano anticipates making more listings in Q2
Cardano (ADA) has to make some gains ahead of the Q2 in terms of listings on some of the popular exchanges. The recent listing of Stellar Lumens (XLM) on Coinbase surprised many with many analysts expecting Cardano (ADA) to be listed ahead of the ledger coin.
Cardano has been able to produce a fair amount of interest as it looks to build a network of blockchain that goes beyond monetary transactions.
Cardano recently announced its plans to release two smart contract tools named Plutus and Marlowe.
These tools would run specifically on its blockchain. These smart contract tools would assist developers to write smart contracts within its blockchain network and is one of the highly anticipated developments from Cardano.
Cardano (ADA) placed to make growth in Q2 as Bitcoin (BTC) hits $4000
The current bearish market is expected to receive a jolt in the second quarter of the year. Bitcoin (BTC) recent ascent to the $4000 mark is a good sign as the market generally follows the premier coin.
With less than a month to the end of the first quarter, many coins are gearing up to the next phase of developments. Cardano is one of the coins that has positioned itself to take advantage of the expected windfalls.