With most of the top cryptocurrencies struggling to remain in the green, speculators are looking well beyond the top 5 to make a quick buck. In the case of Cardano, the current market momentum seems rather promising in this regard. Although it remains unclear how long this trend will last this time around, there is some money to be made.
Cardano Price Shows Promising Signs
It is not uncommon for different markets to head in completely opposite directions during the weekend.
It would appear most of the top cryptocurrencies – except for Bitcoin, Ethereum, and Litecoin – are going through a very positive spell right now. In the case of Cardano, its value has been on the rise for several hours now. Positive ecosystem developments tend to have such a positive effect, although the uptrend can easily be cancelled with negative pressure.
Cardano Price Needs to Break Through Resistance
Every single time an altcoin tends to gain value, there is a genuine concern over this trend’s longevity.
The cryptocurrency markets have seen some interesting momentum today, even though no major price changes have occurred as of yet. Cardano is trying to note some solid gains right now, albeit reaching $0.08 seems to be a stretch too far. Even so, the positive momentum among altcoins can make for a rather interesting weekend.
Cardano Price Rise Isn’t Happening Yet
After the troublesome year 2018 has proven to be so far, it is evident the remainder of 2018 will not necessarily offer any relief.
Криптовалюта Cardano привлекает к себе пристальное внимание и даёт пищу для бурных обсуждений. Аналогично эфириуму, Cardano представляет собой систему смарт-контрактов на блокчейне. Криптовалюта придаёт повышенное значение безопасности, обеспечиваемой многоуровневой структурой. Cardano позиционирует себя как первый блокчейн-проект, возникший благодаря академическим исследованиям и имеющий своим фундаментом всеобъемлющую научную философию.
Starting on Monday, January 8, 2018, at 8:00 a.m. GMT, the ADA token from Cardano began to be listed on the futures exchange at BitMEX.
The cardano price has exploded this week ahead of the release of an updated development roadmap, but many investors fear that its release will trigger a liquidation event.
As CCN reported, cardano stormed to the ninth spot in the market cap rankings on the heels of a rally that saw the price of the ADA cryptocurrency increase fourfold.
So far, Ethereum has been the lead player in the smart contract platform space. Now a new competitor is steadily creeping into the game. And, in an interesting twist, the effort is being led by a former Ethereum CEO.
Last week, blockchain development firm IOHK, led by Charles Hoskinson, launched Cardano, a new blockchain.