Cardano continues to lose blood. However, no developments can bring Cardano to an uptrend. What is there in the future of the project, which will take decisive steps and active steps forward?
Cardano (ADA) is a centralized open source platform built on scientific philosophy. Ouroboros, which is defined as a standalone platform consensus model, is the Proof-of-Stake (PoS) algorithm. The founder of this project was Charles Hoskinson, one of the founders of Ethereum (ETH). The reason for leaving Ethereum and establishing Cardano did not see enough light at that time on Ethereum. He will then acknowledge himself that this prediction has not been maintained.
The development team has participated in extensive research to continue to improve platform features and has achieved several important milestones since its founding. The Haskell programming language used in this way and the central management system that we can call centralization over time try to provide an evolutionary process.
Since the ICO days of the project, the return is 217%. While the total amount of ADA was 31.1 billion, the amount of ADA in circulation was 25.9 billion. And this software is designed to increase the total amount of ADA to 45 billion. The total market size is $1.73 billion. The final price is $0.066.
Cardano is the most wasteful subcoin in March. From March 12 to the end of the month, 50% can increase its value. On the other hand, the ADA depreciated 12% in April. And Cardano still can't get out of the downtrend.
Cardano traded at $0.092 on April 6, but is now down to $0.066. Given the amazing ascent of Bitcoin (BTC) from time to time, there is an account of depreciating almost all subcoins, especially Cardano: the altcoin season is over. Subcoins that left big profits in March lost from losses. They can't even hold USD against BTC.
Some analysts read their submarines as an ideal buying opportunity in 2018, to be thrown at diplomats they haven't seen. Some predict that the dominance of Bitcoin will fully increase altcoinlerden. Cardano is a candidate for aggressive action with his strategic partnership. Cardano's infrastructure is very strong, the flexible and fast blockchain network is expected to overcome this deadlock. Especially the agreement with Ledger Nano S gave a good signal for the future of Cardano.
Cardano recently reached an agreement with AION. Experts think that the current downtrend will stop and the Altcoin season, under the leadership of the subcoins, whose projects are projected, especially Cardano, will begin.
Not surprisingly, in this situation Cardano has set a price target of $5 in 2 years. In 5 years, it can go up to $50. As long as the community understands the importance of blockchain-based projects and is used in everyday life.