Cardano Price Prediction: Possible Rise In ADA’s Price, Around The Corner
As you probably know so far, Cardano recently saw a strong rally that took the digital asset straight on the 6th position on CMC.
It’s been revealed that Charles Hoskinson is really confident that ADA will be securing its spot as a leading smart contract platform after the crypto surged.
At the moment of writing this article, ADA is placed on the 6th position on CMC and the coin is priced at $0.124021 and it’s trading in the red.
Messari Crypto data platform CEO Ryan Selkis talked about Cardano‘s recent rise to the 6th position in the top 10 cryptocurrencies.
Cardano has room to grow
Messari’s CEO said that ADA has room to grow in his newsletter – he also made sure to point out that investors can still push ADA’s price while waiting for the Shelley mainnet launch.
This event will occur via a hard fork that will be activated on July 29th of this year.
He also talked about the expectation of potential gains but he also said that ADA could have lower staking rates compared to Tezos and Cosmos.
“The potential discrepancy between staked and un-staked ADA however, could bode well for bulls even after Shelley goes live,” he said.
He continued and pointed out the fact that “While the initial staking percentage won’t be known until after launch, Cardano’s incentivized testnet saw participation from ~40% of the reported supply. If this carries over to mainnet, Cardano’s staking rates will be significantly lower than other large-cap networks like Tezos (80%) and Cosmos (71%).”
In order to learn more about the reasons behind a future rise in the price of ADA, we recommend that you check out the original article posted by Crypto-News-Flash.
All in all, Cardano has been stealing the spotlight thanks to the impressive price action over the past two weeks and also the various achievements that the team has been marking.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.