The crypto, just like any other market is very competitive in nature. As a part of the market strategy and in order to increase the adaptability percentage, these currencies are making every effort to improve their offerings. Most of the currencies are coming up with updates and new facilities to increase its usability and interactivity. These cryptocurrencies are trying their best to increase their market value and price against the Bitcoin.
However, Cardano (ADA) has its own way. It does not really go by what others are doing. This behavior of Cardano is surprising for many as a rise in the value of Bitcoin would work in favor of Cardano.
Cardano has recently witnessed the rise in its worth against the US dollar. Its value has increased by 6.4%. Its value against Bitcoin is higher than just 2.82%. Due to such a positive change in its value, the one unit of ADA is now available in the market at the cost of $0.043324, or 1,113 Satoshi. Some market experts believe that this change would be seasonal, but many seem to disagree with this. However, it is said that this increment would last for a long time to come. The online Cardano lovers are interested in all the activities related to it.
Crypto lovers and the supporters or even the criticizers of Cardano are excited about the upcoming Input Output event which will be held in Miami. Not much information is revealed about this event; still, people feel that it would talk on something related to “Blockchain 3.0”. This lack of knowledge and secrecy kept around the upcoming event is making it even more attractive and exciting for crypto and Cardano lovers. The Miami event would be held on the 17th of April and will last till 28th, 2019.
The market is in bearish position at present; however, crypto lovers are still looking for something positive, and they believe that the market will take a U-turn. However, the question is ‘when?’; and how long that trend would last.