Cardano (ADA) has endured a mixed run in recent weeks with the coin experiencing frequent spikes and fall in price value. The coin has continued to generate mixed reviews among the crypto community with many believing that it could be the next big thing in 2019.
One of the major factors for the positivity about Cardano is as a result of the amount of work that has been put into the blockchain project. The blockchain has shown in the first two months of the year signs that an extended bullish run could be in the offering.
Currently sitting 12th on the top 100 crypto charts in terms of marketcap, Cardano (ADA) continues to roll out updates aimed at improving its decentralization network. The coin is known for having one of the safest and functional wallets.
Cardano (ADA) Updates Expected In 2019
The coin has continued to work on improving the design of its Daedalus wallet as the long-awaited launch of the Blockchain’s Shelley updates comes closer. The update is expected to be the most revolutionary update by the blockchain company.
Cardano (ADA) is currently in its bootstrap phase and there have been reports that the development team are working hard to improve migration through APIs as well as increase the pace of transactions. The coin is also understood to be in the final stages of developing a Ledger Wallet and Light Client Support.
Furthermore, the Cardano (ADA) also has plans to announce a revised roadmap that would deviate from the norm. The new roadmap is understood to be as a result of gains made by the blockchain in the past year as the platform moves closer towards adoption.
Cardano (ADA) Looking To Hit it Big in India’s IT Market
One major area Cardano is looking to breach the gap towards adoption is by partnering with governments and organizations. The blockchain platform scored big towards the end of February as it was announced its plan to initiate a blockchain learning institute for developers in India.
India is widely considered by many to be the fastest growing tech country in the world and the country has one of the highest numbers of IT experts in the World. Cardano (ADA) is looking to tap into this large pool of talent to produce developers adept at producing Apps on its platform.
India’s IT market is currently valued at $160billion and expected to rise by over 100% in the next five years. Cardano (ADA)’s recent move shows that the coin is planning long-term which is good news for investors as this increases confidence in the coin.
We expect Cardano (ADA) price to increase to $1 from its current price of $0.04 in the coming months as the updates begin to roll in.
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