From the technical side of things, Cardano is one of the best projects out there. It is based on scientific philosophies, and its protocols are built from the ground up. This means that once this project is completed, it will be one of the most powerful platform blockchains out there. It is scalable, secure, and with the Shelley release, it will be among the most decentralized projects out there. In fact, from a tech viewpoint, Cardano comes out as the true competitor to Ethereum (ETH). This makes it a crypto worth keeping an eye on in 2019, especially with the levels that prices are at, at the moment.
However, its not just the technical aspects to Cardano (ADA) that make it a solid investment, its potential for adoption in important markets is also quite high. For instance, Cardano is quite popular in Japan, one of the most important markets for cryptocurrencies, and it is poised to become even more popular. This is all thanks to the love it is getting from influential people in that country.
One of the most important crypto influencers in Japan recently published his book, and in it, he is very positive about Cardano (ADA). He touches on how some Dapps are considering moving from Ethereum to Cardano. This is a big deal, and could play a major role in adding impetus to the excitement around Cardano (ADA) in Japan. Japan is one of the countries that have so much influence on crypto prices alongside South Korea and China. This means that in a bull market, there would be a high likelihood of retail FOMO from Japan possibly driving up Cardano (ADA) prices faster than most other altcoins.
Besides Japan, Cardano (ADA) is gaining traction in markets where it is need most. Cardano would be perfect as a financial operating system for the developing world, and it is gaining traction in these markets. This is evident in the positive reception that Cardano has received in Africa, particularly in countries like Rwanda, Uganda and Ethiopia. In fact, Cardano is currently engaged in a training program on blockchain technology in Uganda and Ethiopia. The reception is so good that, the governments of the two countries were actively involved in the launch of this training. The same goes for Mongolia where the IOHK CEO has in the past received positive reception at government level. Clearly, Cardano’s potential for adoption where it is needed most is high, and this gives it huge potential for exponential growth.
With such prospects, Cardano (ADA) comes across as heavily underpriced at current prices. As such, the moment Bitcoin (BTC) turns bullish and altcoins gain steam, Cardano could easily outdo most of what it achieved in the last bull market. The probability of Cardano (ADA) hitting upwards of $5 in another bull market would be highly probable. It has achieved a lot technically, and awareness around it is higher than in 2017. The next few years will be interesting for Cardano (ADA).