What is ADA (Adacoin / Cardano)? A thorough explanation of future outlooks, forecasts, and price trends!

In this article, we will explain in detail the features and future prospects of Adacoin (ADA).

In addition, a large-scale upgrade “Alonzo” was implemented on September 13, 2021, and it has become a big topic.

This time, we will thoroughly explain what kind of crypto assets are the hottest Adacoin.

If you do not have an account yet , please create a BINANNCE account and consider investing.

  1. What is ADA / Cardano?
    1. Why Adacoin was said to be suspicious
    2. Implement smart contracts
    3. Major update “Ouroboros Plan”
  2. Current price trends for ADA / Cardano
  3. Points of price increase of ADA / Cardano
    1. Technology development is proceeding smoothly
    2. KISS Gene Simmons buys ADA in bulk
    3. Popular with Japanese people
  4. Future outlook and outlook for ADA / Cardano
    1. Adacoin spreads
    2. Affiliated with universities and large companies
    3. High name recognition and credibility outside Japan
  5. Future price forecast for ADA / Cardano
    1. Listing of Adacoin on domestic cryptocurrency exchanges
    2. Increase in stores that have introduced AdaPay
    3. Authenticity judgment using blockchain
  6. Exchanges where you can buy ADA / Cardano
  7. How to buy ADA / Cardano
    1. Apply from the official page
    2. Registration of personal information and submission of identity verification documents
    3. Purchase virtual currency when opening an account is completed
  8. Summary of future outlook for ADA / Cardano

What is ADA / Cardano?

Adacoin Official
Currency nameCardano
symbolADA
Current price (as of October 14, 2021)$2.25
Market Ranking (as of October 14, 2021)4th
Handling exchangeBinance
BITTREX
OKex
Kucoin
FTX etc.
Official sitehttps://cardano.org/

Adacoin is a virtual currency used in “Cardano”.

The problem with conventional online casinos is that the system is set up so that participants lose, and it is said that it is possible to cheat that the body can always win.

Cardano is an online casino that incorporates blockchain technology and is characterized by a very high degree of fairness because it keeps a record of play and makes it available to users .

Why Adacoin was said to be suspicious

Adacoin is one of the most popular cryptocurrencies nowadays, but at one point it was suspected to be a fraudulent coin.

The current causes are as follows.Cause of being said to be suspicious

  • The unit price at the pre-sale was high
  • Part of the promotion was MLM
  • An information product dealer was advertising
  • More than half a year late from the release schedule

Adacoin had a high unit price pre-sale with a minimum unit price of $ 1,000, which was pre-sold only in Japan.

Cryptocurrencies with a high minimum unit price for pre-sale held at ICO were suspicious that Adacoin was also a fraudulent coin because there were so many fraudulent coins that took away sales after the pre-sale ended.

In addition, one of the promotions in Japan was MLM (multi-level marketing), which gave me a bad image.

Since MLM was adopted, all the affiliates who sell information products advertised, and it was a hype that was “100% profitable”, which is also one of the factors that makes us suspicious.

The above also caused suspicion, but the main cause was that it was more than half a year behind the scheduled release , so I suspected that it was a fraudulent coin.

Although delays in the release schedule are common in cryptocurrencies, Adacoin was suspected of being fraudulent due to the high minimum unit price of ICO pre-sale.

Implement smart contracts

Adacoin is a virtual currency with smart contracts implemented.

Speaking of smart contract, ethereum is famous in the function that is implemented in, smart contract of Eidakoin is a thing of its own called “Plutus (Plutus)”.

By incorporating “Plutus”, it is expected to become a virtual currency with stronger security and higher functionality than Ethereum.

Smart contracts automate contracts, but “Plutus” not only records contracts, but also records personal information .

Major update “Ouroboros Plan”

Adacoin plans to carry out a major update, the Ouroboros Plan.

The Ouroboros project is a plan to change Adacoin’s consensus algorithm from PoW to PoS.

The current PoW has the disadvantage that it costs a lot of machine and electricity .

However, by using PoS, it is possible to receive mining rewards depending on the holding period and amount of Adacoin.

Therefore, it is more fair than PoW and can be mined eco-friendly.

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Current price trends for ADA / Cardano

Quote: TradingView offer chart

So price trends of Eidakoin (ADA) since the beginning of the 2021 Let’s take a closer look.

There was no big price movement from January to February 2021, but the price rose sharply from February.

You can analyze the price increase at the timing when the profit from the increase in Bitcoin flows to Altcoin .

After that, it was calm for adjustment from March to mid-April, but Adacoin also showed a rise in line with the sharp rise of Altcoin from May .

After that, the price fell once, but it started to soar again in August 2021 and reached the highest price of 305 yen at one point.

Points of price increase of ADA / Cardano

As you can see from the chart, the price of Adacoin has skyrocketed several times in recent years.

Here, we will explain the factors behind the sharp rise in the Adacoin price.

Technology development is proceeding smoothly

Cardano’s technological development is still proceeding smoothly, and with the release of “Daedalus 3.3.0”, voter registration functions and other functions have been implemented.

We also plan to release a feature that allows new tokens and NFTs to be issued on the Cardano blockchain.

It can be said that if technological development progresses steadily in this way, prices may continue to rise.

A major update, “Alonzo,” was completed on September 13, 2021, and has become a hot topic.

This update adds a smart contract function to Cardano, making it possible to build decentralized apps (Dapp) mainly on DeFi on Cardano.

There are great expectations for this update, and attention is focused on future trends.

Popular with Japanese people

Adacoin was not available on cryptocurrency exchanges in Japan.

However, it ranks high in the popularity survey of cryptocurrencies conducted by multiple cryptocurrency exchanges and companies.

In particular, it became a hot topic that ADA ranked first in the ranking (February 6th to February 12th, 2021) that investigated the number of accesses to virtual currencies of “Coin Genko Japan”.

Future outlook and outlook for ADA / Cardano

From here, I would like to explain in detail the growth forecast and outlook of Adacoin.

Adacoin spreads

Adacoin can be used not only when playing online casinos on Cardano, but also developing technologies such as blockchain and smart contracts.

Furthermore, we have set a goal of “wallet for 3 billion people” and it is expected that it will spread in the future.

In addition, if the casino bill is passed in Japan and the construction of casino facilities is realized, online casinos will be able to be opened in a dignified manner, so Adacoin will become more widespread in Japan.

Affiliated with universities and large companies

Adacoin is collaborating with universities and large companies such as Tokyo University of Science Invest Management and Metaps Plus, a major mobile payment service in South Korea.

In this way, if the number of affiliated companies and universities increases in the future, the price may rise.

At the Cardano Summit 2021 at the end of September 2021, we announced that we have entered into partnerships with companies in various fields.

Particular attention has been paid to partnering with the US satellite broadcasting service company Dish Network and the decentralized Oracle project Chainlink.

High name recognition and credibility outside Japan

Adacoin has a high reputation and credibility in the world, such as introducing staking, listing on major overseas cryptocurrency exchanges one after another, and ranking 4th in the market.
(As of October 14, 2021)

Staking is to lock the virtual currency on the virtual currency exchange so that it can not be moved freely, and by getting a reward instead of being involved in maintaining the Internet by approving data etc., with Bitcoin It works like mining.

It is said that Adacoin’s staking can get a return of about 6% in one year, and it can be said that the good yield is also one of the reasons why Adacoy ​​is popular.

Future price forecast for ADA / Cardano

Now, let’s predict the future price of Adacoin.

Listing of Adacoin on domestic cryptocurrency exchanges

Every time AdaCoin was listed on a major cryptocurrency exchange, the price of AdaCoin was soaring.

Similarly, if you list on a domestic cryptocurrency exchange, the price is likely to skyrocket.

From now on, as the number of virtual currency exchanges that handle Adacoin increases, it is highly possible that the price of Adacoin will rise accordingly.

Increase in stores that have introduced AdaPay

The Cardano Foundation, which operates Cardano, has partnered with a blockchain protocol company called “COTI” to develop and release AdaPay.

It is now possible to pay with AdaCoin at stores that have introduced COTI Pay.

There have been voices saying “Isn’t it possible to make immediate payments with AdaCoin?”, But it was finally released in November 2019 and introduced to stores in Japan.

Authenticity judgment using blockchain

The Cardano Foundation has partnered with Japan’s most popular shoe maker, “New Balance,” to develop a system called “NB Realchain,” which uses blockchain to determine authenticity.

This system makes it possible to determine the authenticity of shoes labeled New Balance, making them less likely to be counterfeited.

When you buy a shoe, the app reads the code or tip on the tag and records the shoe owner on the blockchain.

This will make it harder for your warranty card or certificate to be forged and prevent your shoes from being forged.

Exchanges where you can buy ADA / Cardano

If you do not have an account yet , please create a BINANNCE account and consider investing.

Summary of future outlook for ADA / Cardano

This time, I explained the future outlook of ADA / Cardano.

If you are considering investing in the future, please refer to this article and think about investing.The point of this article

  • Adacoin was suspicious, but is now a popular cryptocurrency
  • If listed on a domestic cryptocurrency exchange, the price may rise further
  • AdaPay is expected to spread

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