Cardano with Charles Hoskinson on the head has the ultimate goal of becoming the third generation cryptocurrency. This can be achieved in case Cardano teams find solutions for scalability, interoperability, and sustainability, that way acquiring the flattering status of the third generation crypto. Cardano already has an active community of holders and supporters that believe that Cardano might increase significantly during the year 2019. Currently, Cardano is focused mainly on developments in the Shelley stage, that deals with growing the foundational technology into a fully decentralized and autonomous system. Some of the community members have pointed out that Shelley has now been pushed to get released in Q1 2019 after which Cardano (ADA) could pump by a considerable margin. Cardano would also be releasing a paper on Ouroboros, their proof-of-stake algorithm that lets companies build their own side chains on Cardano. The paper would explain the process for developers who want custom solutions in a detailed manner. Finally, the Cardano team is excited to announce that soon ADA will be supported by the Trezor hardware wallet, which would go far in recommending ADA as a cryptocurrency for investors.
Cardano is showing good progress and transforming from the bearish scenario to the bullish. ADA has increased by around 6% in the last 24 hours, around 20% in the last 7 days.
This is bear market for cryptocurrencies but there are few projects which are doing well and constantly evolving its technology, Cardano 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 jiomobilephone1500 last December, they predicted that ADA tokens might be worth between $65-$77 as early as November 2019. They became the father of all optimism when they forecasted that by December 2019, ADA might reach as high as $89.35.
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 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.
Crypto town is a website which gives out technical analysis for short-term and long-term predictions for various cryptocurrencies. According to them, Cardano will increase by 200% in 2019 to that of the price achieved by the end of 2018, which will be roughly $0.06, which looks like a conservative prediction for ADA.
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 right from the beginning of 2019.
Cardano (ADA) price prediction by experts includes that Cardano will realize its highest value upsurge all throughout 2019 without any decline. According to statistics, the digital coin will increase and its value hovers around the 40 cents mark.
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. As already discussed Shelley is in the pipeline to get released in Q1, and this transparency might work as a huge indicator to increase the user adoption rate.
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 the last bull market of Dec 2017. After the Shelley phase comes Goguen, which might get released in 2020 which involves designing of a virtual machine called IELE that might come up as the foundation of future blockchain projects.
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. Basho and Voltaire phase is likely to officially get introduced, which is akin to contribute to the overall performance, scalability, and security of Cardano(ADA).
The blockchain technology will gain more trust and traction from the users and If we talk Cardano especially, it can taste $2 this year. You can convert ADA to BTC from CoinSwitch at best rates.
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2018-11-21 08:49:47.000001 | 2 min