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Cardano silver coin

Weiss Ratings Considers Cardano An Effective And Profitable Blockchain Platform

ยท 22 May 2019 in Breaking, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

The independent rating agency Weiss Ratings seems to be bullish about Cardano (ADA), one of the largest digital currencies in the market. The blockchain project has been discussed for a long time and investors are very excited about it. In a recently uploaded Tweet, Weiss Ratings said that Cardano is one of the best projects in the market.

Cardano Is One Of The Best Projects

Weiss Ratings is an independent rating agency that is currently evaluating digital assets for their performance in the market and their fundamentals. The main intention behind this ranking that the company releases is to provide clear and unbiased information regarding the most popular digital assets in the market.

On May 20, Weiss Ratings wrote on Twitter that Cardano is currently one of the cheapest coins in the market and one of the best projects in the space.

The Tweet reads as follows:

“Cardano is one of the best projects in the space, and also one of the cheapest cryptos out there.”

Cardano is a project that is being developed and guided by Charles Hoskinson. At the same time, developers are working in order to create a bug-free digital asset. The team behind Cardano has a very positive reputation and has experience in the blockchain market. Indeed, the digital currency tends to have a very low profile and focuses on producing real-world solutions rather than base their strategy on marketing and promotional content.

At the time of writing this article, Cardano is the 10th larges digital currency with a market capitalization of $2.21 billion. The virtual currency has a price of $0.0854 and in the last 24 hours, it lost 0.09% of its value, according to CoinMarketCap.

Charles Hoskinson has been working day after day in order to sign new partnerships and promote the project in Africa and other places. One of the latest developments is related to its involvement with the Ethiopian government. Mr. Hoskinson launched an enterprise blockchain framework that aims at providing better financial services to people in African countries, as reported by Forbes. The network is known as Atala and they will be offering services to developers, companies and governments as well.

“Atala is an enterprise framework similar to Hyperledger Fabric,” explained Hoskinson. “However, the point is to be a solutions provider for governments in need of a municipal currency or a supply chain management system.”

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