Cardano (ADA) Predictions: Cardano Shows Signs of Hitting $2 Mark By the End of This Year

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Cardano (ADA) is a contract-based blockchain system and can be used to develop decentralized apps (dapps). Aimed at overtaking the scalability issue that is present in most of the blockchains, Cardano (ADA) is one of the most promising blockchain projects in the cryptocurrency market at present. The fast and easy transaction is another factor for the continuous growth in the popularity of Cardano. Moreover, Cardano (ADA) resembles Ethereum in many ways. Both are smart contract-based systems. However, Cardano has a layered system and the first cryptocurrency which runs on a scientific peer review to ensure safety. Cardano, recently, entered into its second phase with the launch of an updated roadmap, i.e., Shelley. It is the second phase of Cardano roadmap that will make its blockchain decentralized. Till now Cardano (ADA) has been following the Byron roadmap i.e., the bootstrap phase. In Byron phase were making improvements and debugging the code. However, from now onwards ADA is focused on improvement proposals.

Cardano chartAccording to coinmarketcap.com, on April 24, at UTC 06:24, Cardano (ADA) was trading at USD 0.075374 with a total market capitalization of USD 1,954,234,239. In comparison to BTC, it was valued at 0.00001345 per chip. Moreover, Cardano’s last 24 hours trading volume was approximate $ USD 90,591,744. At present, it is ranked at 10th position in cryptocurrency chart. On March 30, 25-days back, Cardano (ADA) was trading around $ 0.071739, however, since then the value of altcoin remained almost flat, and today it was trading around $0.075374 with a slight bounce back of 5%

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Few important statistics related to Cardano (ADA), which might help you in trading:

  • Yesterday’s High / Low                                                    0.080333 USD / 0.074321 USD
  • Yesterday’s Open / Close                                                 0.078067 USD / 0.074524 USD
  • Yesterday’s Change                                                           -0.003544 USD (-4.54%)
  • Yesterday’s Volume                                                          100,698,845 USD
  • All-Time High                                                                    1.33 USD (Jan 04, 2018)
  • All Time Low                                                                      0.017354 USD (Oct 01, 2017)

Cardano (ADA) price prediction:

Although in 2018 Cardano (ADA) saw almost flat trading and wrapped up the year without having too optimistic prospects, it entered 2019 with a slight bounce back. If one looks at the daily and weekly charts of Cardano, there seems to be good trading in volume. It has a strong and dedicated community of developers having a very solid roadmap with a long list of developments that are all set to be launched this year. It is also regarded as being one of the most stable currencies of the crypto market, which is why most are inclined to assume that Cardano (ADA) will perform positively this year. According to analysts, there seems to be a bullish trend for ADA in the long run, and by the end of 2019, it might hit a $ 2 mark.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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