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Price Analysis

Cardano (ADA) Intrigues Users With New Updates To Shelly; Introduces 2020 Roadmap

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Cardano (ADA) is an open source, decentralized blockchain based platform based on scientific philosophy and emphasizes on research-first ideology. It is flexible, scalable and secure. The project aims to fund itself over the course of time through democratic governance system. If crypto enthusiasts are to be believed, the project will show a significant surge in 2019. Ouroboros, the underlying proof-of-stake algorithm empowers the whole platform by keeping tracks of individual nodes in the network. The crypto was introduced in 2015 by Hoskinson and has shown immense progress in a very short span of time.

Current Statistics

Cardano Price ChartAs on April 19, 2019 at 12:34:01 UTC, the market cap of Cardano (ADA) was recorded at 2,059,201,127 USD, ROI stands at 266.85%, 24 h volume reached 82,115,059 USD. The price is trading at 0.079 USD and 0.00001514 BTC. Being in the top 10 cryptocurrencies by the CoinMarketCap, the currency has certainly climbed the ladder faster and only a marginal difference behind from Tether and Stellar.  The total circulating supply currently is 25,927,070,538 ADA as against the total supply of 31, 112,483,745 ADA.

Comparison

As on March 20, 2019 at 05:34:03 UTC, the market capital was recorded at 1,366,845,732 USD, price of ADA was trading at $0.052 USD & 0.00001294 BTC and 24 h volume was recorded at $46,164,953 USD. This shows that the coin has shown an upward trend of over 51.92% which is very promising. Even at the beginning of the month, on April 04, 2019 at 02:34:01 UTC, the price has reached at 0.099 USD. The coin is showing a consistent pattern since the past 30 days. Yesterday, the highest was recorded at 0.083 USD and the lowest at 0.081 USD.

Prediction

With the recent upgrade to Shelley to achieve complete decentralization & announcement of the 2020 roadmap by the founder at IOHK summit, the coin will perform better in the coming days. The hopes are high, and the sentiment is positive among the crypto enthusiasts. Shelly functionalities include releasing monetary incentives to stakeholders, facilitating delegation of rights to users and providing networking opportunities among the communities. By the next 2 quarters, the price can rise as high as USD 0.1 and has the potential to reach over USD 0.5 by the end of the year. From a 2-year perspective, the price can be estimated at USD 5 and can surge to USD 10 in the next five years. For those looking for long term investment in the crypto market, Cardano is the best choice and will start yielding good returns in the next two years. Now that the coin is priced low buy it in bulk and see it upswing over the years.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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