Cardano price speculation: an overpowering bearish trend, despit

Cardano has struggled recently despite the buzz that it is ready to take up Ethereum. The platform itself is very promising: it aims to become a scalable and secure smart contracts solution. Some of its prominent features include a working paper wallet and a proof-of-stake algorithm (Ouroboros is the first verified and secure proof-of-stake algorithm).

Cardano preserves the privacy of its users despite being compliant with the regulations. It is the first platform to maintain this type of balance, hence investors consider it to be future-proof.

A short-term rise in Cardano's price is likely to occur if it gets listed on Coinbase. The creators of Cardano are very ambitious, intending to make an impact in every sphere of the global economy. They argue that, as the platform gets more popularized, it will eventually become a $1 trillion project.

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