fbpx
Price Analysis

Cardano (ADA) Price Analysis: Ethiopian Government Deal Will Push the Global Image of Cardano

  • Ethiopia’s Ministry of Science and Technology has signed an MoU with Cardano for the domestic agriculture sector.
  • The target value of 2019 is 1 USD.

The idea behind the whole cryptocurrency market was to provide a substitute for the global financial market in terms of a decentralized and privacy-centric payment and settlement system. Many countries are moving towards cryptocurrency officially. Recently, Ethiopia’s Ministry of Science and Technology has associated with Charles Hoskinson, CEO of Cardano (ADA) through an MoU (Memorandum of Understanding). The MoU aims to benefit the Ethiopian government in the domestic agriculture sector with the help of blockchain technology. The 2019 prediction goes in a bullish trend with a target of 1 USD. We should look at the current figures to understand the picture clearly.

Cardano Price Statistics At A Glance

Cardano Forecast

  • Cardano is the 10th largest crypto coin in the market.
  • The ROI (Return on Investment) of ADA coin stands at 295.08%.
  • A total of 25,927,070,538 ADA coin are in current circulation.
  • The market cap of ADA as on 17th May at 01:54 UTC stands at 2,207,836,145 USD.
  • Each ADA coin price stands at 0.085156 USD and 0.00001093 BTC.
  • The 24h volume at the same UTC stands at 248,968,835 USD.

Comparison

ADA coin has performed consistently in the market. The price of cardano coin was roaming around 0.04 USD mark throughout the year until the onset of April. The April 1st market boom gave a huge boost to the coin. The highest point of Cardano was on 4th April at 0.097 USD. The market cap on 17th April was 2,163,024,149 USD and the value of each ADA coin was 0.083427 USD. The current market cap and the value of ADA coin in terms of USD are 2.07% more than the figures for last month.

Cardano Price Prediction

The value of ADA coin is to rise from here. The next two resistances will be there at 0.090 USD and 0.095 USD. The medium-term outlook is bullish. Cardano coin price will reach as high as 1 USD by the end of 2019. The long term Cardano prediction is also on a bullish trend. By the end of 2020, the value of ADA coin will reach 5 USD.

Conclusion

New entrants are welcome to buy Cardano coins now at this low price. The value will soar in the near future. The target value should be 1 USD. Investors need to keep patience at the times of steep falls.

 

Ads
Tags

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Event Information
Event Information
Back to top button
Close