Price Analysis

Cardano (ADA) Price Analysis : Cardano Revealed Plans for Africa and Asia; 2019 Target at $0.5

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  • Cardano’s founder Charles Hoskinson said about his plans for expansion into Asian and African market,
  • The 2019 bullish prediction goes with 0.5 USD target.

There is no doubt that the whole crypto market is expanding. It is expanding to every corner of the world. Recently, Cardano’s founder Charles Hoskinson revealed details of his plans to enter into the African market. Along with Africa, Cardano (ADA) has huge plans on the Asian market with a special focus on Japan and Indonesia. He also said that new technologies like blockchain and IoT would help Cardano (ADA) gaining market in Japan as the average demography in Japan is aging. He also mentioned that Cardano is trying hard to follow the Mongolian system. Cardano (ADA) has also made some advancement in talks with the Ethiopian Government for launching tokens. We predict the value of each Cardano (ADA) coin to be at least 0.5 USD by the end of 2019. We should now analyze the current status of the coin.

Current ADA Price Statistics-

Cardano Price Chart

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  • Cardano (ADA) is ranked at 10th in the global crypto market.
  • The ROI (Return on Investment) stands at 270.95%.
  • A total of 25,927,070,538 ADA coins are in circulation.
  • The current market cap as on 26th May at 02:14 UTC stands at 2,083,345,999 USD.
  • The value of each coin stands at 0.080 USD and 0.0000102 BTC.
  • The 24h volume at the same UTC stands at 60,304,381 USD.

ADA Price Comparison-

Cardano (ADA) started the year with a very low price. But it has managed to show some short stints of growth over the last 5 months. The lowest point of the coin was on 07th February at 0.036 USD. Major growth can be seen between the month of March and April. In just 13 days, the coin gained 73% of its value. The highest point of the coin was achieved recently at 0.094 USD. The market cap on 26th April was 1,775,158,137 USD and the value of each coin was 0.0711 USD. The current market cap and the value of each coin are respectively 17.36% and 12.51% more than the figures for last month.

ADA Price Prediction-

As mentioned earlier, the coin’s medium-term outlook is bullish. The coin is expected to have resistance at 0.1 USD and 0.2 USD. By the end of 2019, the coin will have its value of around 0.5 USD.

Conclusion-

Buying fresh coins is advised. A long-term holding at least until the 1st quarter of 2020, will give unprecedented results.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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