Cardano Analysis and Prediction. The booming Cryptocurrency Ranking now at No.8

Cardano the Ada cryptocurrency, which can be used to send and receive digital currency. This digital currency represents the future of money, making fast and direct transfers guaranteed by the use of cryptography. Cardano is more than just a cryptocurrency, but it is a technology platform that will be able to run financial applications that are used daily by individuals, organizations, and governments around the world. The platform is built in layers, giving the system the flexibility to be more easily maintained and allow for leveling with soft forks. Once the settlement layer is executed on Ada, a separate IT layer will be created to manage smart contracts, the digital legal agreements that will underpin the business and future activities. Cardano will also run decentralized applications, or dapps services not controlled by a single party, but instead operating on a blockchain.

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Cardano Ranking at No. 8 and is also a most active as per Coinmarketcap

As per Technical Chart Cardano is moving north for a Target of $2.30 to $12.70 in end of 2018. There is no doubt that if the moves continue it may touch $19.35.

Investment Stat

Average Daily ROI  11.12%          
Average Monthly ROI  190.91%       
Total ROI  869.61%                 
Volatility trailing 30 days 209.33%
Volatility trailing 7 days 101.11% 

Analysis of Cardano

Total coin analysis score38.5%
Open communication channels 100%
Team strength 0%
Product strength 55%
Coin strength 60%
Business/Company strength 10%
Backed by community 50%
Advisory board strength 0%
Activity on social media 33% 

 

MOTIVATION

Cardano is a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed. The overall focus beyond a particular set of innovations is to provide a more balanced and sustainable ecosystem that better accounts for the needs of its users as well as other systems seeking integration.In the spirit of many open source projects, Cardano did not begin with a comprehensive roadmap or even an authoritative white paper. Rather it embraced a collection of design principles, engineering best practices and avenues for exploration. These include the following:

• Separation of accounting and computation into different layers
• Implementation of core components in highly modular functional code
• Small groups of academics and developers competing with peer reviewed research
• Heavy use of interdisciplinary teams including early use of InfoSec experts
• Fast iteration between white papers, implementation and new research required to correct issues discovered during review
• Building in the ability to upgrade post-deployed systems without destroying the network
• Development of a decentralized funding mechanism for future work
• A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience
• Bringing stakeholders closer to the operations and maintenance of their cryptocurrency
• Acknowledging the need to account for multiple assets in the same ledger
• Abstracting transactions to include optional metadata in order to better conform to the needs of legacy systems
• Learning from the nearly 1,000 altcoins by embracing features that make sense
• Adopt a standards-driven process inspired by the Internet Engineering Task Force using a dedicated foundation to lock down the final protocol design
• Explore the social elements of commerce
• Find a healthy middle ground for regulators to interact with commerce without compromising some core principles inherited from Bitcoin

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