fbpx
Price Analysis

Cardano (ADA) Price Predictions: Cardano’s Fall is Temporary; the Target Should be 0.1 USD

Cardano (ADA) allows complex programmable value transfers securely, and the transactions done on this platform are scalable. The Cardano platform has been built on Haskell programming language. A fleet of global experts and engineers have devoted their time to create Cardano coin. The coin aims to create a substitute financial system with complete democratic governance system. It also claims to provide smart contracts.

Current Statistics-

Cardano

  • It is ranked 10th in the global crypto market.
  • The ROI (Return on Investment) stands at 278.06 %.
  • The total coins in current circulation stand at 25,927,070,538 ADA.
  • The current market capitalization of Cardano (ADA) is 2,126,150,040 USD on 16th April at 04:49 UTC.
  • The value of each coin stands at 0.082005 USD and 0.00001619 BTC.
  • The 24 h volume stands at 71,058,142 USD at the same UTC.

Comparison-

The Cardano coin started the year with a lower note and soon gained momentum. At the very start of 2019, it was 0.04 USD. Cardano also gained huge points along with all other major players of the market after 1st April. The market cap of 16th March was 1,318,283,286 USD. The value of each coin was 0.050846 USD and 0.00001260 BTC. The current market cap is 61.28 % more than the market cap of March 16th, and the value of each coin has also increased by 61 % in the last 30 days.

Prediction-

As mentioned earlier, the coin gained hugely in the first week of April. But the resistance was at 0.09 USD. After reaching this point, Cardano (ADA) started falling down. We predict the coin to be stable for this week, and it would rise further to 0.09 USD. The next resistance and target is 0.1 USD, which has been anticipated for months now. Once it reached 0.1 USD level, there is no going back for Cardano. The medium-term outlook is bullish with a target of 0.1 USD, and the long-term outlook should aim for 0.2 USD by the end of 2019.

Conclusion- 

We advise the short term investors to buy now as the value is much lower than the monthly average. The coin will rise in a few weeks and will give huge dividends. For medium and long term holders, sticking to their investments for a longer period would help. Holding it for a year more can give the investors more than 200 % profit on their investment.

Tags

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.
Event Information
Event Information
Back to top button