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Price Analysis

Cardano (ADA) Price Analysis: Cardano Has Been Rated ‘Bullish’ By Weiss Ratings

  • Weiss Ratings gives Cardano (ADA) a bullish outlook.
  • Cardano will reach 1 USD by the end of 2019.

Cardano (ADA) has been gathering huge accolades over the last 1 year by making numerous associations and collaborations. Recently Cardano (ADA) was rated by an independent rating agency, Weiss Ratings. Weiss Ratings has given a bullish prediction to Cardano (ADA). In an official tweet, it said, “Cardano is one of the best projects in the space, and also one of the cheapest cryptos out there.” It has reviewed performance in the market and strong fundamentals of Cardano. It should be noted that Cardano (ADA) has been set up by a fleet of experienced engineers and experts. We predict the price of each Cardano coin to reach 1 USD by the end of 2019. We should now analyze the current figures to understand the growth pattern.

Current ADA Price Statistics-

Cardano Chart

  • Cardano (ADA) is the 10th largest coin in the global market.
  • The ROI (Return on Investment) stands at 268.02%.
  • A total of 25,927,070,538 ADA coins are in current circulation.
  • The market cap as on 24th May at 03:18 UTC stands at 2,099,508,666 USD.
  • The value of each ADA coin stands at 0.078969 USD and 0.00001033 BTC.
  • The 24h volume stands at 101,239,531 USD.

ADA Price Comparison-

Cardano (ADA) has shown a stable growth pattern since the starting of the year 2019. There were only a few instances of steep ups and downs. The lowest point of the coin was on 07th February at 0.036721 USD. The highest point was on 15th May at 0.094364 USD. Major growth of 55% can be seen between the last week of March and 1st week of April. The market cap on 24th April was 1,880,551,146 USD, and the value of each coin stood at 0.073315 USD. The current market cap and the value of each Cardano coin in USD are respectively 11.64% and 7.71% more than the figures for last month.

ADA Price Prediction-

We predict Cardano to have a bullish medium-term and long-term outlook. The value will rise now to find resistance at 0.09 USD. From there, it may face one fall. By the end of 2019, the coin should breach the 1 USD mark.

Conclusion-

Buying fresh coin at the current price will be profitable. On the long-term, the coin will give a huge dividend of 10 times the current value.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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