Altcoins Cryptocurrency

Cardano (ADA) Applauded As Top Blockchain Project with Admiring Cost Effective Services

Cardano (ADA) the decentralized blockchain platform is one of the most popular blockchain project out there with a reputation of possessing a research-driven approach towards blockchain technology. The native token ADA currently ranks 10th largest crypto based on market cap and is widely accepted on various exchanges and businesses.

On Monday, May 20, 2019 top online rating platform Weiss ratings applauded Cardano as one of the top blockchain project available. The statement which was released on Weiss Rating official twitter page ascertained Cardano to be one of the cheapest crypto projects in the market.

The news was received with mixed reactions by the crypto community with support split into half concerning the report from Weiss Rating.

While some acknowledged that Cardano has done well with its attention to the technical aspects of blockchain technology. Others lamented the fact that the coin has failed to meet up with expectations.

 

Why is there a lack of unanimous agreement despite the obvious advantages that Cardano provides within the crypto space?

One of the reasons could be concerning the Shelley update which has been put back by Cardano with some analysts speculating that the coin is not ready for such update. In addition, some Cardano users have experienced problems with technicalities with its native wallet.

Cardano (ADA) Continues To Secure Partnerships

Despite these issues, the coin is viewed as one of the projects that have a bright future with founder Charles Hoskinson one of the most respected figures in the industry. Cardano aims to create a smart contract platform that enables a streamlined and advanced approach.

Cardano has also engaged in several partnerships utilizing its solutions as it looks to become a growing leader within the crypto space.  The blockchain has focused on developing countries as it looks to harness the growing potential of ADA adoption in these regions.

Cardano had earlier in February announced its plans to train over 1000 developers in India on the use of its blockchain. Mongolian authorities have also used the platform to help track counterfeit products in the drug industry.

Cardano (ADA) price

Cardano is one of the affordable coins in the market and it is currently priced at $0.085649 for a unit. The coin gained 0.75% in the last 24 hours and has a market cap of $2.2 billion.

Cardano is one of the best projects out there and it would be interesting to see if the coin can achieve its potential in the coming months.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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Isaac Ellis

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