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Cardano (ADA) To Be the Next Crypto Coin to Hit $1.00

kryptomoney.com | Cardano (ADA) | Cryptocurrency | Cryptocurrency News | G20

The crypto market has been seeing a new progressive front, and things got even better after Bank of England Governor and the head opf FSB, Mark Carney wrote a letter to G20 mentioning that the cryptocurrencies do not pose any threat to the world economies.

Now a large part of the cryptocurrency market has been taking a bullish turn. The announcement the G20 was a massive boost for the entire crypto market – led by Bitcoin (BTC), which added $1,000 to its price in the wake of the announcement.

But the news also holds a specially significance for Cardano (ADA). Cardano (ADA) seems to have gained 14% in the past 24 hours. Additionally, it’s to be believed that its price has a lot more growth coming in the next quarter or so.

More About Cardano (ADA)

Cardano (ADA) also referred to as “Ethereum (ETH) of Japan”  is because of its unique type of technology. It was built from scratch. This cryptocurrency platform basically does the same thing as Ethereum: enables new parties to launch decentralized applications (dApps) and new tokens on top of the network while also serving as a reserve for saving value.

But there are some limitations too that come with this cryptocurrency. Cardano (ADA) not a fully-formed product yet. Plus it has only had two ICOs get announced for their platform – two token sales that are still ongoing. No coins have actually been launched on the network yet.

But Cardano (ADA) ‘s technology looks strong enough to face the road bumps ahead. The coin is cheap right now – it’s only about 18 cents right now. That is highly, highly undervalued in our opinion. Once more businesses beyond the two existing ICOs start using this platform to launch their apps, this coin’s price will undoubtedly surge.

 

KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.

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