Surging prices, anticipation, and steady coin interest round out today’s headlines.
Cardano Prepares for complete decentralization, ADA may reach $5
The Input-Output Hong Kong (IOHK), the Cardano platform’s development wing, has submitted a proposal to the blockchain that will ensure the network becomes wholly decentralized by Mar 31.
Despite its rising market cap and promise of overhauling smart contracting, the platform remains federated, with IOHK in charge of block production.
D-DAY CONFIRMED: Today, we have just successfully submitted an update proposal to the #Cardano blockchain, handing over full responsibility for block production to the stake pool operator community on March 31st. This is what #Decentralization looks like. Onward! @Cardano $ADA pic.twitter.com/lC5ZEfZd5V
— Input Output (@InputOutputHK) March 25, 2021
Once activated—and beginning in April, Cardano’s staking pools will control the network, including ensuring transaction immutability, security, and governance. Following Shelley, the number of Cardano’s staking pools exceed 1,000.
Accordingly, it is one of the most decentralized and secure. This is markedly ahead of smart contracting that will enable DeFi in the Goguen Stage.
Analysts are confident ADA is undervalued and may reach $5 with a modest market cap of $200 billion.
In a continued bull market, a realistic Cardano market valuation should sit conservatively at $200 billion, or around a $5 ADA
This would be the effect of smart contracts on Cardano and a realization that ADA is highly undervalued
This is just my opinion
— Dan | CCV | ⚡️ (@cryptorecruitr) March 25, 2021
Gold Bug Recommends Liquidating the Yellow Metal for Bitcoin
Despite the current Bitcoin hangover and retest of $50k, a psychological mark, Jim Cramer of CNBC now recommends followers to recalibrate their portfolio. Here, he suggests the liquidation of gold for Bitcoin.
In an interview hosted by Anthony Pompliano, a BTC permabull, Jim explains that gold has let him down. Also, the yellow metal is subject to too many vicissitudes. These headwinds, he adds, make it fall on many occasions.
Already, his $500k investment in BTC has paid off handsomely. Antony is among the many analysts who expect the Bitcoin price to reach $100k by the end of the year.
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