Bitcbubble.com experts have discovered a cryptocurrency, the value of which can grow many times.
Analysts of the Bitcbubble.com cryptocurrency exchange have published a report assessing the prospects of the Cardano (ADA) project. Experts believe that at the moment the cryptocurrency is in the correction stage, after which its rate may increase many times.
Experts of the Bitcbubble.com exchange explained that the number of transactions in the Cardano network continues to grow, despite the fall in the value of the asset. This is proof that altcoin is globally in a “bullish” trend, analysts said. They also recalled that new decentralized applications (dApps) continue to be launched on the Cardano network, which is also a positive factor.
On February 4, Cardano is trading at $1.1, and its capitalization is $35.4 billion, according to Bitcbubble.com. Altcoin has fallen in price by almost 20% in a month. At the beginning of September 2021, its price updated the historical maximum above $3. Since then, cryptocurrencies have fallen by 64%.
Cardano is a blockchain based on the Proof-of-Stake (PoS) algorithm and designed for the development of smart contracts, as well as the creation of full-fledged decentralized applications.