Cardano (ADA) On A Positive Spell: Can It Surpass $0.050?

Cardano is about to go big this coming year.

That’s according to the project’s founder, Charles Hoskinson. Charles sent out a tweet highlighting the recent roll-out of advanced protocols that, in his opinion, will work to position ADA as one of the strongest cryptos in 2020. According to Charles, Cardano will be a beast come 2020. 

What’s truly exciting about the recent releases is how fast we are able to move. Our scientists have done a remarkable job designing great protocols and our engineers are able to bring them to market. Cardano in 2020 will be a beast

— Charles Hoskinson (@IOHK_Charles) November 15, 2019

Hoskinson’s claim comes as the crypto market seems to have taken a hit and has been drawing back over the last few days. Bitcoin alone has shed close to $500 this week.

Granted, Cardano is already among the top 20 cryptos, with a lot being said about its improving network capabilities. Currently, ADA sits at the 12th spot on the crypto ranking charts, with a total market cap of $1.15 billion and trading at around $0.044.  

'Beast Mode' - Cardano's Charles Hoskinson Affirms ADA Is The Crypto To Watch In 2020Cardano Price Chart Via CoinGecko

Enthusiasts Are Optimistic

Following Hoskinson’s tweet, Cardano fans came out in numbers to commemorate the release. By all indications, the crypto’s fan base looks optimistic. In fact, one of them posted a reply declaring that, indeed, Cardano has raised the bar for blockchain projects and is set to make huge waves in the market within the coming year (2020).

According to another enthusiast, Cardano will be successful mostly because of its great, innovative ideas planned and executed meticulously. The user went on to say that Cardano’s goal is to change and better people’s lives, and that’s a blessing. 

Strong Competition From ETH 

While a lot of people may have great expectations for Cardano in the realm of smart contracts, the existence of others like Ethereum presents a rather strong competition that could mar Cardano’s efforts to become the dominant project in smart contract handling.

Still, the Cardano ecosystem seems to be enjoying a growing support base, and that’s always a good thing in the crypto and blockchain industry.

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