Cardano has been gaining a lot of popularity lately because of its attractive features. This is the 9th cryptocurrency by market cap.
Currently, Cardano (ADA) is trading at $0.084369 with ADA price -0.06% down today. The market cap of Cardano is $2,187,449,479 USD with 25,927,070,538 ADA adacirculating currently. The 24-hour price movement chart indicates that $49,931,433 USD worth of ADA were trading. The price peaked to $0.0895 in the last 24 hours while the lowest price was $0.0835.
This is bear market for cryptocurrencies but there are few projects which are doing well and constantly evolving its technology, Caradno is one of them.
Cardano is the habitat for the ADA cryptocurrency, which is mainly used to send and receive digital funds, making direct transfers fast and possible through the use of cryptography.
More than being a cryptocurrency, it is a technological platform that helps run the financial applications which are being used by individuals and institutions all around the world. The platform is being constructed in layers which gives the flexibility to allow for upgrades of a soft fork. Cardano also runs decentralized applications and services which are not being controlled by any third parties.
This is the first blockchain project designed by a global team of engineers and can be implemented on mission-critical systems such as aerospace and banking applications.
With the market being volatile, predicting the cryptocurrency price is really one of the most difficult tasks.
Let’s consider the eminent publications and personalities, and their statement regarding the Cardano (ADA) price prediction, which will give us a fairer idea:
In a crypto news article published by Oracle times last December, Author Pedro Bernardo predicted that ADA tokens would be worth between $1-$1.50 as early as September 2018.
Smartereum author Adam Web believes that the future of ADA is bright where he claimed that the one-year forecast for an ADA token is around $2.50, with the potential to reach roughly $10 in 5 years time.
Us Lifted is a crypto site where a blogger by the name Martin has some interesting predictions for Cardano(ADA). He believes that the value of the ADA could be sitting at $6.90 by year’s end and possibly be worth as much as $72.30 by the time 2019 come to a close. Martin goes even further in his piece, by predicting an optimistic price point of $410.45 for a single ADA by the year 2020.
Walletinvestor.com is a website which gives out technical analysis for short-term and long-term predictions for various cryptocurrencies. According to them, the Cardano price prediction for 2018 is $0.418.
Cardano is known as the Ethereum of Japan, founded by the co-founder of Ethereum, Charles Hoskinson and as per a report, 95% of ADA coin is held by Japanese people. As per the average predictions, ADA is going to surge upward in the last quarter of 2018.
Cardano (ADA) price prediction by experts includes that Cardano will realize its highest value upsurge all throughout the year. According to statistics, the digital coin will increase and its value hovers around the 30 cents mark.
Cardano will release project Shelly in the last quarter of 2018, a path to the full decentralization of Cardano. This will be one of the major milestones in the journey of Cardano till then from the development point of view.
By November 2018, ADA might reach to around $0.23, where it will be regarded as the maximum price of the last quarter. It will start surging upward reaching the $0.30 mark in November and December.
The expected maximum price recorded will be around $0.304 in December and the lowest will be in September at around $0.14.
2019 will start on a positive note. Towards the end of the first quarter, it will reach $0.320. Towards the third quarter, it might reach $0.30 mark. From July, it will start surging upwards steeply.
Towards the last quarter of 2019, it might reach $0.40 mark, wherein the highest expected price might be $0.41.
2020 will prove one of the luckiest years for Cardano, where it surges upward drastically and it can touch the $1 mark once again. Cardano prices have crossed 1 USD in last bull market of Dec 2017.
According to Cardano, this will be the third generation crypto with the goal of overcoming the problems other currencies have encountered. It was designed with the aim of offering fast transfers as well as a platform for financial applications.
The blockchain technology will gain more trust and traction from the users and If we talk Cardano specially, it can taste $2 this year. You can convert ADA to BTC from CoinSwitch at best rates.
Interested in buying cryptos? You can exchange more than 300 cryptocurrencies at best rates from CoinSwitch instantly.