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Cardano [ADA]

The latest CV VC report names Cardano as one of Crypto Valley’s top 50

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According to the latest figures from the report regarding the top 50 blockchain companies in Crypto Valley, it is clear that optimism levels are rising among investors and shareholders despite 2018’s bear market.

In a recent report by an investment firm, Crypto Valley Venture Capital (CV VC), Cardano Foundation is among the top 50 blockchain organizations in the world. For the third time in a row, Cardano Foundation has managed to cut the Crypto Valley Top 50 report adding a feather to its cap.

Built on peer-reviewed academic research and scientific philosophy, Cardano has always been hyped as one of the best blockchain technologies in the cryptocurrency ecosystem.

Working in conjunction with IOHK, a technology-based startup company founded by Jeremy Wood and Charles Hoskinson, Cardano is proving to be a force to reckon with in the cryptocurrency space. From its early stages of Byron to the latest update of the Shelley stage, Cardano’s roadmap is proving to be healthy.

The report was printed by investment firm Crypto Valley Venture Capital in close collaboration with PwC’s Strategy and IT department on 30th July. The report analyzes the present state of the Swiss Crypto Valley featuring geographical hotspots, unicorns, market size, regulatory benefits as well as new innovative services.

Decentralized Technologies Silicon Valley

Based in Switzerland, Crypto Valley is the focal point for crypto technologies that are modeled on the Silicon Valley sample. The Crypto Valley is based in the town of Zug which is found in the Greater Zurich area, a location that is fertile for the promotion of budding relationships between startups and regulators attracting talented individuals and entrepreneurs.

Employing over 4,000 professionals, the Crypto Valley is known for assisting interested parties set up their operations in the area. At present, the Crypto Valley tallies more than 800 organizations as actively involved in the cryptocurrency and blockchain environment.

Launched in 2013, the Crypto Valley project is considered as one of the world’s leading environments for cryptocurrency, blockchain, and distributed ledger innovations. Having hundreds of firms thriving inside the particular crypto city, the Crypto Valley deserves credit for creating friendly regulatory frameworks and network effects.

2019 CV VC Findings

According to the latest figures from the report regarding the top 50 blockchain companies in Crypto Valley, it is clear that optimism levels are rising among investors and shareholders despite 2018’s bear market.

Indeed, the top 50 blockchain firms in the Swiss Crypto Valley have managed to double their market valuation in the first half of 2019, shifting from 20 billion US dollars to 40 billion US dollars.

According to the report featuring Cardano Foundation as top 50 blockchain firms, some of the companies that are active in blockchain technology and distributed ledger technologies (DLT) include six unicorn companies that are worth more than 1 billion US dollars each.

According to the CEO and founder of Crypto Valley Venture Capital, Mathias Ruch:

“The last crypto winter that was experienced undoubtedly disrupted the industry. However, despite the winter, companies that have strong foundations and emerging use cases have grown significantly in valuation.”

The CV VC report shows six clear hotspots in Swiss Crypto Valley. The hotspots are made up of Zurich, Vaud, Ticino, Zug, Liechtenstein, and Geneva. Currently, as it stands, Zug is the heartbeat of Crypto Valley having all six Unicorns and over 50 percent of all registered companies residing in its jurisdiction.

Previous CV VC reports showed four Unicorn companies were in operation. Among the four, three are the most significant protocol projects in the world, namely Cardano Foundation, Dfinity, and Ethereum Foundation that have over 40 employees working in Zurich. The fourth Unicorn is mining company Bitmain Switzerland, which is currently gearing up for an IPO on the US stock exchange.

On the latest report, there are two new additions to the Unicorn group, Cosmos Network, and Polkadot, making the current Unicorn number stand at six.

Emerging Crypto Banks are Increasing and Attracting High-level Talents

In 2019, the newly introduced but well-funded Swiss Crypto Bank recorded the highest employee growth across the blockchain industry.

Following the introduction of the Swiss Crypto Banks, many experienced bankers have joined the industry bring onboard experiences and specialist knowledge to the industry.

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Cardano [ADA]

Cardano Price Analysis: Cardano (ADA) price chart reflects a recovery in the intraday chart

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  • Cardano (ADA) price escalates on the intraday chart.
  • The intraday traders could have a great day today.

Cardano (ADA) is walking upon the price chart. However, the market is dealing with the bear, but there are some coins which are turning green. The currency was also seen getting affected by the market pressure.

Well, the coin has carried itself out from the pull-back pressure and started rising again. We are assuming that this could be a sign of recovery. Tomorrow, there could be a visible improvement in the price of many other coins.

ADA to USD Price Comparison:

The chart is taken from Trading View on 18th August 2019 at 05:32:26 UTC for price analysis.

ADA Price Chart
ADA Price Chart by TradingView

Yesterday, the coin started at $0.047. The coin escalated to $0.0474 from $0.0470 by 0.93%. Later, the coin took another jump from $0.046 to $0.047 by 2.22%. Further, the coin fell to $0.046 from $0.047 by 2.32%. The coin closed with a profit of 0.99% at $0.0474. Today, the coin started with a drop of 1.22% from $0.047 to $0.046. However, the coin has embarked a recovery on the chart.

Current Statistics of Cardano:

ParticularsCardano (ADA) 
Price0.047244 USD
ROI117.93%
Rank13
Circulating Supply25,927,070,538 ADA
Total Supply31,112,483,745 ADA
Market Cap1,224,885,896 USD
24hr Volume28,826,713 USD

Cardano Price Prediction and Conclusion:

Cardano (ADA) has impressed many traders lately. The coin has replaced Tron (TRX) on the rank chart and is slowly moving up. It wouldn’t be a surprise that in some time, the coin would be seen dealing among the top 10 cryptocurrencies.

We are anticipating that the coin would be seen dealing around 0.080 USD by the end of 2019. In the coming years, the coin would be seen around USD 0.1. The currency would be most suited for the long term traders. They might be seen drawing huge dividends in some years.

Source.cryptonewsz.


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Cardano [ADA]

Cardano price forecast: ADA price fall suggests a long term trend downward

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The price of Cardano is breaking out of the symmetric triangle.

Key Highlights

  • ADA price breaks out from the symmetric triangle
  • The price of Cardano is set to continue the downward fall
  • The cryptocurrency’s price fall may suggest consolidation in the oversold zone

Cardano Current Statistics

The current price: $0.045

Market Capitalization: $1,183,168,314

Trading Volume: $43,318,086

Major supply zones: $0.05, $0.06, $0.07

Major demand zones: $0.03, $0.02, $0.01

Cardano Price Analysis August 16, 2019

Cardano (ADA) price is breaking out of the symmetric triangle. The symmetric triangle was formed after a downward correction on July 16. After the downward correction, the Cardano bulls scored an upward movement but got resisted at the 0.06 USD price level. After trading below the resistance level, the coin’s market fell again to the low of $0.05 and consolidated, thereby forming the symmetric triangle. Now the bears have broken the bottom of the symmetric triangle.

On August 8, the bears tested the bottom of the symmetric triangle which is called the bearish pennant but was resisted by the bulls. On August 14, the bears succeeded and broke the lower line of the pennant and then signaling the continuation of the bearish trend. When this happens, the bearish sentiment will further push the market to fall. The market of Cardano (ADA) is expected to reach the demand zones of $0.03 and $0.04 price levels.

Cardano ADA technical price analysis

Chart Indicators Reading

The RSI period 14 is level 32, which suggests that the market is in the oversold region. The price fell to the oversold zone, and that could suggest longer-term consolidation. The 12-day and 26-day EMA are above the price and are pointing towards southward hinting that the market is bearish.

General Outlook for ADA

The coin is most likely to continue its fall after the bears successfully broke the bottom of the bearish pennant.As the bears broke, the bearish pennant short signals had been generated to enable trader’s trade the trend as it is about to continue. The RSI technical indicator confirms that the market is approaching the oversold region.

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Cardano [ADA]

Cardano Partners With Konfidio to Push For More Adoption in Europe

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According to reports, Cardano has entered a collaborative process with Konfidio. The Zug-based Cardano Foundation made the announcement on August 15. The platform revealed that it had entered a strategic partnership with the Berlin-based Blockchain firm, Konfidio. This is yet another milestone for the Cardano Blockchain as it pushes for more adoption and use cases.

Cardano (ADA) Price Today – ADA / USD

NamePrice
Cardano$0.0470.622%

What we know About Both Firms

Concerning the two firms involved in the accord, the development of Cardano’s platform is actually determined by the below organizations:

  • The Cardano Foundation: this arm is responsible for overseeing the development of Cardano itself and its ecosystem. It also oversees the protection and promotion of Cardano, along with advocating on for users and the Cardano community.
  • Input Output HK (IOHK): this arm holds the responsibility of designing and building the Cardano platform.
  • Emurgo: this is the for-profit arm of the Cardano Foundation. Its responsibility involves working to improve Cardano’s ecosystem by means of commercial initiatives.

All in all, the primary responsibilities of the Cardano Foundation include driving the adoption of Cardano itself, growing the global Cardano community, shaping legislation and commercial standards for the network, making sure of stakeholder accountability, and pushing for strategic partnerships.

Konfidio

As for Konfidio, Cardano’s new strategic partner, the company was founded in 2016. Konfidio is Berlin-based firm. It is a Germany based Blockchain expert. Hence, Konfidio can be described as:

  • A Blockchain accelerator solution which is known as KAP.
  • A Blockchain venture studio that has ventures ranging from decentralized energy platforms to micro-insurance to platforms. Both or all of which are using the Kstack-based technology in house”

What you need to know about the Partnership

Speaking via a blog post that was published on August 15, 2019, Bakyt Azimkanov, who serves as Cardano’s Communications and Marketing Director, said that the primary purpose of the new partnership between Konfidio and Cardano is “to integrate Blockchain models with corporations.

It is also to push for Blockchain technology in SMEs (small and medium enterprises) and governments.”

Furthermore, the Cardano executive said the Cardano Foundation is hoping that this new partnership will focus on only real-world business cases that affect the “banking, logistics, and trade as well as pharmaceutical industries. Azimkanov claims the remaining options, that is the government and public service options for use cases will follow.”

Another Cardano executive also weighed in on the latest development with the network and Konfidio. The Chairperson of the Cardano Foundation, Nathan Kaiser, had this to say on the matter:

Cardano’s new strategic partnership with Konfidio shows that we have now made another tangible step towards the promotion and advocacy of Cardano. More importantly, this accord will ensure that we drive the real-life use cases of Cardano. Konfidio’s base, Berlin, remains a major Blockchain center around the globe. Its worldwide relevance will assist us in putting the spotlight on the Cardano platform. The collaboration will also give the Cardano Foundation increased visibility in Europe. Especially in countries like Germany.”

Dr. Mervyn G. Maistry, Konfidio’s Co-Founder and CEO stated:

After researching the Turing-complete Blockchain’s, we agree that the third generation Blockchain of Cardano should be best-placed to make sure of stability and the business continuity of real-life models. We are working to ensure that this strategic partnership with Cardano will help push for the development of Cardano-based applications”.

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