Cardano (ADA) Price Analysis: Cardano May Soon Reach 0.1 USD Target

Cardano (ADA) is a blockchain platform which allows complex programmable value transfers with 100 % security and all the transfers done on this platform are scalable. The platform has been built on Haskell programming language. It was built by a global collective of expert engineers and researchers. The current mission is to make a smart contract platform which would deliver more advanced features which are not available yet in the market. Cardano (ADA) is much discussed due to its uniqueness as it promises a democratic governance system and funding by a visionary treasury system.

CardanoCardano (ADA) is 9th largest crypto coin in the market with a return on Investment of 321.46 %. The maximum possible supply of coins stands at 45,000,000,000 ADA, and the total supply is 31,112,483,745 ADA whereas the current circulation stands at 25,927,070,538 ADA. Cardano (ADA) started the year with 0.040568 USD, and the current value of each coin in terms of BTC and USD stands at 0.00001852 BTC and 0.091583 USD respectively. The current market cap is 2,374,471,294 USD on 03rd April 2019 at 02:04 UTC.

The value of each coin as well as market cap is on the rise since March 3. The market cap on March 3 was 1,110,555,681 USD. The current market cap is whopping 113.8 % more than the market cap of 1 month back. The value of each coin in USD was at 0.042834 USD on March 3. The current value in USD is equally 113 % more than the value of March 3. The price of each coin in BTC stood at 0.00001109 BTC on the same date of March. The growth has been phenomenal for a month’s space. Though March 21st saw a mild decrease in the value, it soon gets the momentum. But, before one month the growth rate was stable, and the current pace is very unlikely to get to that stage.

As the price of each coin is now roaming around 0.08 USD to 0.09 USD, the target should be more than 0.1 USD. This target is definitely achievable in recent future. After the first week of March, the value of this crypto is on the rise, and the bull has not been giving any space for the bear to stand a chance. Though in the last week the price fell to 0.06 USD, it soon bounced back, and now it is giving much profit margin. Experts have also predicted that the price of the individual coin has the potential to reach as high as 1 USD by the end of 2019. The market trend is affecting positively to this coin. So, short term investors are advised to hold their positions until the price reached 0.1 USD. Long term holders are going to get their money multiplied by ten if they hold till the end of 2019.

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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