Cardano {ADA} and SonicX are battling against Facebook… – OBN

For now, Cardano is ranked at #12 below TRON on coinmarketcap. The price of ADA is $0.053103. The trading volume recorded is $102.971 million. The total market cap of Cardano is $1.376 billion. The circulating supply houses 25,927,070,538 ADA tokens. The price fell by 8.96%.

Binance, Coinbase, Poloniex, and Kraken are some of the trustworthy exchanges. Other exchanges have often provided falsified information with regards to trading volume, and this has shaken the psyches of many traders in the cryptosphere.

Gemini, BitFinex are part of the “safe list”too, according to the paper by Bitwise.

The end goal of Cardano is to have liquidity and ample stability. If this aim is achieved, ADA will soon become a top altcoin. Some have also stated that ADA will be competing against LIBRA.

Retail and institutional investments can help Cardano in the long run. The dependence of altcoins on Bitcoin is expected to decrease as well. Market manipulation is a key problem that plagues many digital currencies such as Insight Chain, Japan Content Token, etc.

Wash trading will also be impacted and reduced if appropriate measures are taken.

SonicX is known for being a blockchain platform. They will be constructing a gateway which will allow peer-to-peer transfers, alongside a tokenized method for storage and gaming.

SonicX is based on TRON. The token SOX can be employed for the purpose of cross-border transactions. This is what Libra’s shareholders should take note of.

As Facebook ditches all the principle of decentralization, SonicX has been able to keep Satoshi’s vision alive. While Libra is attached to fiat currencies, while SOX will remain susceptible to surges and falls in the market.

READ  Ripple (XRP), Binance Coin (BNB), Cardano (ADA), TRON (TRX) Price Analysis – How High Can Ripple Price Go? - U.Today

Many consumers won’t choose Facebook as the first option for cross-border transactions. Now, they have other choices to consider. Few believe that Cardano will be a top altcoin by the end of 2019, as the stability improves and more investors join the team.

Devoid of unnecessary permissions and KYC set-ups, SonicX is a healthy alternative for those who recognize the dark potential of Facebook’s Libra.



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