Should I invest in EOS or Cardano (ADA) in 2019? Here is why you shouldn’t ignore

ADA Coin can easily rise above $1

One of the most ignored cryptocurrencies is Cardano. The problem is that most of the people do not even follow the cryptocurrency. You need to keep in mind that it can easily rise in price. This means that before it increases in value, you can foresee and gain a significant amount of benefit when the time comes.

Cardano (ADA) Price Today

Name Price24H (%)
Bitcoin (BTC)
$18,957.27
0.75%
Ethereum (ETH)
$583.25
-2.38%
Cardano (ADA)
$0.163075
0.88%

Prediction of Cardano:

According to the experts, Cardano can increase by approximately 4 times. This is a clear indication that there is a lot of bullishness regarding Cardano. Also, according to some of the experts, the first half the year 2019 will be quite favorable for Cardano. The experts think that Cardano is the coin which will gain the most during this year. Also, the predictions of Cardano are plenty. Some of them even think that it will fall significantly. On the other hand, there are even predictions that it can rise to as high as $ 4.

A prediction by the co-founder of finder.com, Fred Schebesta, clearly states that Cardano will be $ 3.75 in 2019. Even if it hits lower than that, there is a significant amount of return for the current cryptocurrency investors.

Fundamentals of Cardano:

You need to understand that even though Cardano provides a platform which allows you to execute the smart contracts but there is a lot of difference between Cardano as well as other cryptocurrencies. It is specifically targeted towards the authorities as well as institutions which can execute the smart contracts on a large basis. Also, it allows a peer to peer review and it also allows proper research for the development of smart contracts as well. As a result, there is complete transparency. The smart contracts can be audited as well. When the smart contracts are audited, it will become much easier for the authorities to create the smart contracts as well.

Moreover, decentralized applications can be easily run on the platform as well. As a result, the proper ecosystem can be built on the Cardano blockchain. This will mean that people are able to use the smart contracts quite easily.

Cardano is at the forefront

All in all, when you’re looking at the bullish cryptocurrencies, you will realize that Cardano is really at the forefront. You have to think about investing in Cardano after conducting proper due diligence. It is one of the coins on which most of the experts are bullish. If indeed, it is able to execute its plans, it will fetch handsome return for the investors. Tags: cardano ada coin, cardano ada reddit, cardano crypto, buy cardano, buy cardano coin, cardano cryptocurrency, cardano wallet, cardano price

Why you shouldn’t ignore EOS?

Why you shouldn’t ignore EOS? The cryptocurrency market has been in a bearish mood during 2018. The market was in a bullish phase in the month of December last year and ever since then, it has been cooling off. Even the 4 biggest cryptocurrencies namely Bitcoin, Ethereum, Ripple/XRP as well as Bitcoin Cash have been falling consistently. As a result, investors are actually worried about the cryptocurrencies in which they should invest.

USD / EOS Price Today

Name Price24H (%)
Bitcoin (BTC)
$18,957.27
0.75%
EOS (EOS)
$3.57
1.07%

At such a time, of course, investors will be surprised to hear about newer cryptocurrencies like EOS. However, it is one of the cryptocurrencies which holds a lot of potential.

Launched in 2017:

EOS was launched in the event Consensus 2017. Block.one is the parent company of this cryptocurrency. It has been selling the tokens for almost one year now. In total, it has raised around $ 4 billion. Rather than taking the conventional ICO approach, it has decided to open a token sale for 1 year. The Chief technology officer of the company is Dan Larimer. He has created two other cryptocurrencies which are worth $ 4 billion each. The year-long ICO of the company will end on June 1, 2018. The total number of tokens which are in circulation currently are 1 billion. Only 100 million tokens are held by the parent company. The unique feature of this cryptocurrency is that even if you’re not using the tokens actively, you can get some kind of the tokens. The development team believes that EOS, has the potential to overtake Ethereum. Ethereum is currently the 2nd most valued cryptocurrency.

Can EOS, overtake Ethereum?

EOS can handle anywhere between 1000 transactions to 6000 transactions each and every second. On the other hand, when you look at the capacity of Ethereum, it can just handle 15 transactions each and every second. EOS does not have any transaction fees. Ethereum, on the other hand, has significant transaction fees. This is the reason why EOS can actually gain a significant amount of traction.

The development team:

The Chief Technology Officer of the cryptocurrency, Dan Larimer has in the past also founded Bitshares which can handle volume which is equivalent to NASDAQ. This clearly proves the fact that there is no dearth of talent in the development team. This is another reason why EOS can actually rise significantly in the future. Thus, instead of ignoring this cryptocurrency, it is a good idea to find out more about it. It can surely increase in the future due to the immense potential which it has due to the above few reasons which we have highlighted. Keywords: Eos price today, eos price prediction 2019, eos news today


Incentives for developers on the EOS blockchain

Block.one, the developer of the EOS platform has deep pockets at the moment and has pledged to invest in its development. This was illustrated earlier this week when they partnered SVK Crypto and revealed a $50 million fund for developers seeking to build on the EOS blockchain ecosystem. A PR by the two said in part that: “It will invest in projects that are building on the EOSIO blockchain platform, with a focus on decentralized applications (DAPPs) for social media, data ownership, data control, technology platforms, supply chains and logistics. This includes established or early-stage companies that have started exploring EOSIO or are building software on the platform” It’s still early days, but pulling developers is one way of rallying the community and a bullish community may just be what it needs to push the prices higher. Of course, this will also work in tandem with a wider positivity around the general crypto community. There are question marks over the platform’s governance systems, especially the 21 block producers who are seen as a potential weak link and point of vulnerability. EOS maintains its dPoS (delegated proof of stake) is the best. That remains to be seen, but if all goes as planned, and then reaching higher price values in June won’t be that difficult.

EOS token 

If EOS manages to navigate free of the red zone and picks up a nice trend in coming days, its price could rally. There’s no telling what may happen next, but certainly gaining by 50% in the next 20 days isn’t beyond one of the most exciting blockchain projects. Watch this coin- $25 in June is very much achievable.

The crypto market is witnessing an uptrend: cryptocurrencies seem to have started recovering from the crypto winter and strengthening their position. ADA reached its maximum in January 2018 when its price got to $1.30 – an enormous jump back then.

Is there any chance for it to repeat the success?

  1. According to 30rates.com, ADA will be steadily climbing up and reach the price of $0.55 in March 2019. It’s far from the $1 target but seems to be realistic.

  2. Pedro Bernardo, an author from Oracletimes.com, is convinced that ADA will reach at least $1.50 by the end of 2019. The growth will be driven by Cardano implementation in Japan: they want to install Cardano-powered ATMs accepting fiat currency in exchange for ADA tokens.

  3. Aamir Kapoor from the Theoofy.com website has his own view of Cardano’s future. He suggests that ADA will hit the $1 value in early 2019 and easily reach $1.32. Considering the fact that Cardano is popular among investors and is now used for dApp creation, it provides a superb technology. Besides, the developers of the Trezor hardware wallet have announced they’re going to include ADA support soon.

  4. According to longforecast.com, Cardano’s projection for 2019 is $1.89. It’s based on technical analysis.

  5. However, not all calculations are the same. For example, the Wallet Investor technical analysis website is less optimistic: it states that ADA is expected to fall to $0.0139 by the end of this year, which makes it a bad investment.

Other sources provide the following information:

Wallet Investor provides various Cardano price predictions

As usual, Smartereum.com remains one of the most optimistic prediction sources: it states that Cardano might reach $10 in 2019. Vitalik Buterin, CEO and founder of Ethereum, doubts that the crypto market will ever witness 1,000% growth as we saw earlier. However, a 100% price boost within the following month is still possible.

Do Stellar and Cardano up, Litecoin and Neo down

newsbtc.com reports that, using a panel of industry insiders Finder has set out to publish an updated list of insights for various cryptocurrencies each month. For this, their first month, the panel of six have analyzed and will predict movements of eleven crypto assets with a predicted change in price between now and the end of the month and one for the end of 2019. Panelists include Ben Ritchie COO of Digital Capital Management, Fred Schebesta, CEO and Cofounder, of Finder.com, and technologist Joseph Raczynski.

In the short term most altcoins are predicted to drop further by the end of January with the exception of Stellar and Cardano which they expect to climb by 84% and 43% respectively by February 1st. The caveat, however, is that there is no fundamental reasoning to back up these bold predictions, the article just posts the figures.

All of the other altcoins examined are predicted to fall in the next two weeks with Tron predicted to dump the most at 52%. This one is bizarre considering TRX has been one of the better recovering crypto assets during the bear market. Over the past month alone it has recovered 78%. The inclusion of Dogecoin is also a little strange as is the exclusion of IOTA or DASH but it is there and has been predicted to lose 47% by February first.

The longer term predictions are more interesting with dollar and percentage gains guessed for the end of December 2019. According to the panelists Stellar Lumens is expected to surge 260% ending the year at $0.41. Big gains have also been predicted for Cardano which will end the year at $0.08, 91% higher.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
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Aamir Kapoor is a fintech writer specializing in cryptocurrency and blockchain. He has a background in finance and banking and was a researcher.