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Cardano (ADA) Price Likely to Rise against Bitcoin, Crypto Analyst Says

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  • Yuri Molchan
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    A crypto analyst believes that ADA is going to test a further resistance level, while Cardano’s founder says Cardano will be “a beast” in 2020

Cardano (ADA) price is likely to rise, analyst says
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Altcoins’ prices have been declining following the Bitcoin quotes’ fall. For a brief moment, Cardano went up to push out Tron from its spot 11 on CoinMarketCap. Later on, though, the coins returned to their previous positions.

At press-time, Cardano (ADA) is trading at $0.0.35, which is about 490 Satoshis.

ADA price CMC
Image via CoinMarketCap

A likely ADA growth

A crypto analyst @CryptoMichNL believes that ADA is likely to start growing and reach the 530-540 Satoshi level.

Should the coin’s price break below the 480 Satoshi level, it is likely to lose more value, he says.

‘Cardano will be a beast in 2020’

A while ago, the Cardano founder Charles Hoskinson posted a tweet saying that next year Cardano is going to bring to the market the newly developed protocols and blockchain solutions.

He stated:

“Cardano in 2020 will be a beast.”

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Weiss Ratings says Cardano is ‘vastly superior to EOS’

Recently, U.Today reported that Weiss Ratings rated Cardano blockchain much higher than the EOS  ledger. Previously, in the summer this year, the agency downgraded EOS over centralization concerns.

Speaking of EOS, the platform has been having congestion problems since around November 1 due to the EIDOS dapp that has made transaction fees very high – of about 100 EOS required to be staked.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ethereum’s Vitalik Buterin: Fiat Money Will Not be Destroyed

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  • Vladislav Sopov
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    Vitalik Buterin, Co-Founder of the Ethereum Foundation and “father” of Ethereum, sat down with Eric Weinstein on The Portal podcast to discuss “old” and “new” economics.

Vitalik Buterin, Ethereum: Fiat Money Will Not Be Destroyed
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Two intellectuals, Vitalik Buterin (Creator of Ethereum), and Eric Weinstein (PhD, scientist, and Managing Director at Thiel Capital), recently sat down on The Portal to discuss Mr. Buterin's attitude towards the "classic" economics theory.

Libertarianism and Diversity

When both individuals discussed libertarianism, Vitalik Buterin said that libertarians mostly belong to two large groups characterized as either a "leave me alone'" or "conquer the world" approach. This divergence can be extrapolated into cryptocurrencies in terms of their mass adoption.

Mr. Buterin highlighted that there are participants within the crypto community that are assured that fiat currencies will be destroyed and replaced by Bitcoin (BTC). In general, Mr. Buterin estimated that the prospects of any "short-term disruption" for the sake of some "nebulous long-term gain" is skeptical. He said:

I'm definitely not in the camp that actively relishes that fiat currencies will be destroyed. 

Mr. Buterin added that several members within the Bitcoin community share this belief.

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Peaceful Coexistence

Vitalik Buterin predicts that Bitcoin and other cryptocurrencies will coexist with fiat money and balance the disadvantages of the classic monetary system. He also added that cryptocurrencies will provide "checks and balances" against a government monopoly on "issuing money" rather than "replacing it entirely".

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Mr. Buterin is well-known as a champion of pluralism in future world of cryptocurrency. He is sure that different communities will defend their views on its development.

Will crypto one day replace fiat money? Tell us your opinion on Twitter.

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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