When was ADA Coin Listed (How High Can ADA Coin Rise)?

When was ADA Coin listed? Today is December 23, 2019, and the first round of test network mining for ADA Coin started at 10:30 pm on the last Monday of 2020 Hong Kong time. According to BlockBeats, over 2 million people have participated in this project, with over 300 registered on the exchange for deposits and transactions, and many users have purchased ADA tokens through this wallet.

It was reported that many people bought Bitcoin earlier this year. In fact, many investors in the market are attracted by this upward trend and as the market continues to develop, more and more early investors see potential and invest significant amounts of capital later on.

So some people think that ADA will be listed on the exchange before the end of this year, but in reality, it is not the case. Some people thought it would be listed soon, right? Maybe because people were familiar with the price trend of Bitcoin, they raised these questions: When will these issues be resolved?

First, we need to understand what Bitcoin is. Bitcoin is an open-source network system where anyone can create and maintain a blockchain. When you want to use new computer software to run the internet, you can eliminate all intermediaries and allow them to access information. For example, you can set up your own bank account or own stocks in one place. Then you can do other things (like developing websites) to make it easy for people to transfer their assets elsewhere. But since Bitcoin is not issued by a central government, it cannot be directly paid to a national government or any other entity with cash.

Second, we need to recognize that Bitcoin cannot become a world reserve currency, and it does not have legal tender, which means nothing can replace the US dollar.

Of course, there are some controversies that need attention, such as the cautious attitude of the US Congress towards digital cryptography technology. However, recently, it has received a lot of attention. Especially after the news of “bitcoincommitment” came out, some criticisms emerged:

1. Some members of the Bitcoin community believe that if they do not support the Bitcoin protocol, it may lose its value; 2. Some nodes claim that Bitcoin is a highly speculative asset, and some even promise to provide high returns for Bitcoin; 3. Some communities are concerned that the price of Bitcoin will fall; 4. Some skeptical people think Bitcoin is a bubble or a scam; 5. A few holders have a pessimistic attitude towards Bitcoin; 6. Many people are against these claims.

How high can ADA Coin rise?

Editor’s Note: This article is from 8btc (ID: bitcoin8btc), written by “Overnight Porridge,” and published with permission from Planet Daily.

How high can ADA Coin rise? This situation did not occur in 2017. When the price of Bitcoin was only about $1,000, it plummeted by more than 80% before ending this period. It was not until the beginning of 2018 that the market started to decline, and it has been in a downward trend until recently.

According to Coinmarketcap data, ADA is currently valued at $400 million, nearly double the $768 million in January, reaching a peak of over $1.5 billion, and more than 20 projects have entered the top ten.

According to CryptoCompare data, the ADA token has risen by 30% since the end of 2017. On January 18, 2020, the token reached a high of $0.006, then quickly fell to $0.045, but then continued to rise. By the end of October 2020, the trading volume reached about 160,000 transactions, with 9 new exchanges listed. The price of ADA tokens has been fluctuating between the lowest of $0.000006 and the current $0.0013, with an increase of more than 20% since the end of 2017.

With the continuous increase in demand for ADA in the market, the price reached a new high in the middle and late 2019, reaching nearly $0.1 at one point. However, recently the price has dropped significantly to around $0.016, but it still maintained its high point in early November 2019. After that, there was a rapid rise. For example, around the end of the first quarter of 2018, ADA briefly reached the key level of $0.3, but in the following weeks, it accelerated and continued to rise before breaking through $0.5. On the evening of January 19, the CEO of Emerging Markets, Eric Ervin, founded by Bram Cohen, co-founder of Bitflyer, said in an interview, “We are pleased to see EmerginMarkets announce support for Ethereum 2.0 and launch the mainnet.”

“We are honored to be early investors and contributors in this field.” he said. “We will conduct more research and provide more details in the near future.” He added, “Now many people believe it is a dead end—some may wish to achieve this goal through smart contracts, and they believe this path can further develop and improve efficiency of other people’s funds.”

He said, “For someone who has just come into contact with cryptocurrency, I believe it will become more mainstream because it is not only a technological innovation, but also a new business model—people can create value on it and avoid being prohibited by regulatory agencies.”