Cardano Climbs! Up 50% 2019 YTD
Cardano Climbs! Up 50% 2019 YTD
Cardano (ADA), has had an impressive run so far in 2019 as Bitcoin has largely traveled sideways. Cardano is currently sitting at $0.06, with a market cap of $1.5 billion and a position by marketcap of 10. With major developments in the works and a cryprocurrency turnaround forecasted for Q2 2019, Cardano looks like a good investment despite its 50% rise in price since the beginning of the year.
Cardano has had a major update or fork in the form of Ouroboros BFT. The upgrade to Cardano's system allows it to avoid 51% attacks, similar to the recent raid on Ethereum Classic (ETC). This is a major update and is needed for all cryptocurrencies to avoid losses in the near future.
Input Output Hong Kong (IOHK) may partner with Cardano soon to provide updated and efficient payment systems. This is a high profile potential update that will propel the coin's price when finished.
It's altcoin season, and Cardano's large market cap, use case and pending updates make it a compelling investment. Keep an eye out on this great cryptocurrency. Cardano has an all time high price of more than $1 during the cryprocurrency bubble of 2017, and the future may hold a much higher price.
Sources:
https://coinmarketcap.com/currencies/cardano/