Cardano (ADA) Price Analysis: Cardano May Soon Reach the Highest Point of this Year

Cardano (ADA) is a blockchain platform which is built on the Haskell programming language. Its decentralized platform allows complex programmable value transfers securely, and the transfer is also scalable. Cardano (ADA) is the first blockchain platform which emerged out of scientific philosophy and a research-first driven approach. It has been developed by a fleet of a global collective of expert engineers and researchers, and now they are on the mission to develop a smart contract platform which would deliver more advanced features than any other platform on the globe.  Cardano aims to be global as it promises a democratic governance system which would fund itself by a visionary treasury system.

Cardano (ADA) is the 10th largest cryptocurrency in the market with a high market cap. The return on Investment (ROI) stands at a whopping 225.76%. The circulation capacity of Cardano (ADA) stands at 45,000,000,000 coins whereas the current circulating supply and total supply are at 25,927,070,538 and 31,112,483,745 respectively.

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CardanoThe starting of the year for Cardano (ADA) has not been very bright, but it rose to the highest in recent times. It is continuously growing over the past month, and the graph may further rise this quarter. The current market cap stands at 1,831,804,641 USD on 01st April 2019 at 03:44 UTC. The 24 h volume is at 69,704,376 USD. The price of each coin in U.S. Dollars is 0.070652 USD at the same UTC. The value with respect to BTC stands at 0.00001716 BTC.

The last month has been very crucial for Cardano (ADA) with respect to pricing on every term. On March 4, Cardano reached its lowest point of the year. The market cap on March 4 was 1,050,880,719 USD. And the price of each coin with respect to USD as well as BTC now stood at 0.040532 USD and 0.00001074 BTC respectively on March 4. The current value of each coin in USD is almost 74.31 % more than that of figures on March 4. And the current market cap has gained an equal 74.31 % since March 4.

It is evident that the month’s gain has been on the higher side. And experts across the globe have predicted the price to go even higher after a short break in prices. We predict the price to reach 0.08 USD by the end of this month. And in this quarter itself, the price of each coin may reach to 1 USD. Many crypto owners have predicted the market to be ballooned by 10 times. If that happens, Cardano will not be spared from the boom. In the event of a boom, the price of each coin may get as high as 10 USD by the middle of 2020. We advise the holders to wait for at least 18 months to reap the highest dividend and for short term investors, a week may push the price to the previous high.

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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