Cardano Price Analysis: Cardano (ADA) Price Forecast Predicts Steep Upward Movement
Cardano (ADA) is once again grabbing the headlines because of the recent release of Weiss Ratings. The coin is recognized as the most promising currency and has the potential to overtake EOS in the coming future. This is not the first time when Weiss is endorsing Cardano (ADA). In its previous, Weiss was all about Cardano.
Weiss Ratings are one of the most trusted cryptocurrency rating platforms. Weiss tweeted:
#ADA's commitment to high-assurance code and thorough testing before release means its #dApps will rest atop a solid foundation. Emphasis on security while transitioning to #PoS is unique to the project. These features may ensure its sustainability & market dominance.#Cardano
— Weiss Crypto (@WeissCrypto) June 27, 2019
The tweet has raised the expectation from the coin. The traders will be now seen switching to Cardano in the coming months. We are also quite positive about the future prospect of the coin.
Cardano (ADA) Current Statistics:
Trading View Cardano chart is taken on 30th June 2019 at 10:17:28 UTC for price analysis:
Looking at the Cardano chart, the coin is reflecting a downfall in today’s price. The coin opened at $0.0899 and by 07:55 UTC the coin fell to $0.086. The regression marked was 4.21%. The coin again jumped and touched $0.086. The progression marked on the chart was 2%.
However, yesterday, the coin opened at $0.088. The Cardano coin fell to $0.083 by 04:49 UTC and marked a regression of 5.34%. The coin later progressed from $0.083 to $0.089 and marked a progression of 7.42%. The growth in the price of Cardano (Cardano to USD) was by 7.42% as the price switched from $0.088 to $0.089.
|Return on Investment||308.6%|
|Circulating supply||25,927,070,538 ADA|
Cardano Price Prediction and Conclusion:
Cardano is expected to rise on the chart in the coming months. The coin is likely to cross $0.095 by the end of next month. ADA might touch $0.1 in 2019. By 2022, the token is anticipated to climb till $1.
The short term investment is as promising as the long term investment. There is not much doubt about the coin with respect to the high return. The investment will give flourishing result in future.