With the market capitalization of over 2 billion dollars and still rising, Cardano ADA is already one of the top 10 currencies, also acquiring a decent rise of over 2% in the last 24 hours despite the dip.
Cardano alongside with Ripple (XRP) and Stellar Lumens (XLM) makes up for one of the rare coins among the toppers that have managed to acquire a solid pace of growth on October 17th despite the fact that the market is acting sluggish on the cryptos once again.
Although Charles Hoskinson had left Twitter and social media after a dispute on the mentioned social network that as initiated for the public display by Vitalik Buterin, the CEO of Cardano and IOHK is still keeping the community updated on what is going on with Cardano project in his frequent video blogs.
Additionally, ADA has come a long way since it was first issued as an ICO, so here are the reasons that can make Cardano ADA huge in 2019.
Charles Hoskinson on the head of IOHK and Cardano Foundation
Just as some currencies are more popular in different ways of categorization when compared to their peers, there are also CEOs and dev teams of certain cryptocurrencies who are as memorable as a brand of a digital asset they stand behind.
Charles Hoskinson could definitely be described as one of such characters, although he is not insisting on exposing himself outside updating the Cardano community on what is going on within their favorite blockchain.
Precisely because of his concern about the community he is representing, Hoskinson might be one of the most memorable figures on the head of two out of three operating facilities that stand behind Cardano and ADA.
If anything, Hoskinson might as well be the driving force of the entire project, with his history in blockchain going back to the very beginning of Ethereum.
One of the recent cases regarding an open letter to the board of Cardano Foundation, which is being criticized for “two-year-long frustration among the ADA community”. Hoskinson, alongside with the head of another operating facility of ADA, Emurgo, wrote an open letter to state that the current head of the board of Cardano foundation is “paralyzing the network,” calling the entire community as well as the boards to action.
This is only a sneak peek into the philosophy of democratized blockchain technology and major changes that Hoskinson is preparing with his team, aiming at speeding up the progress of Cardano in the technical sense alongside with pushing ADA to adoption.
That is only a single of many reasons why Charles Hoskinson most definitely goes under the list of why Cardano will be huge in 2019.
Cardano Working on Scalability Solutions
One of the most recently announced technical developments of Cardano (ADA) goes in favor of trying to solve one of the major problems within the blockchain space – designing a fully scalable network.
The main goal of ADA is to provide simple and cheap financial solutions for three billion people that have access to none of the traditional or new age financial solutions that are currently being used, which is why the network has to be able to operate with the increased traffic which should only be successful in the case of acquiring a scalable ecosystem.
In one of his latest updates to the community outside his concerns for the slow performance of the board of Cardano foundation, Hoskinson stated that the team has been working on their first paper that includes parallel chains, as well as presenting the concept of sharding that ought to solve the scalability issues.
In case ADA acquires a fully scalable network, it would definitely come closer to Hoskinson’s previously stated objective of having ADA becoming the third generation cryptocurrency and potentially make ADA even bigger in 2019.
Coinbase Listing and Cardano ADA
One of the most talked about cases regarding Cardano’s potential of achieving an enhanced exposure is closely related to the announcement provided by Coinbase a few months back regarding the potential listing on the mentioned exchange for ADA.
As Coinbase announced back in July, one of the biggest exchange markets in the blockchain space is considering the addition of ADA to their list of live trading currencies.
Coinbase has a user base of over 20 million registered customers, which will in a great way contribute to the exposure of ADA in case the coin gets listed in the following months, making it huge in 2019.