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Price Analysis

Cardano Price Analysis: Cardano Will Show A Steady Rise; Medium-term Price Target at $1

  • Cardano is going at speed as far as collaborations are concerned.
  • The medium-term outlook is bullish; Target for 2019 is 1 USD.

Cardano (ADA) has recently been in the news for numerous collaborations it has made. These developments are good signs for the coin to perform in the market. But Cardano is not only aiming at external collaborations, but it is also trying to make improvements internally. The anticipated Cardano Shelly project is one example. This has the potential to alter the way the coin is moving positively. But the delay with the upgrade has taken a toll on the price level. We predict the Cardano coin to reach 1 USD mark by the end of 2019. Let’s now analyze the current status of the coin.

Current Cardano Price Statistics-

cardano price chart

  • Cardano (ADA) is the 10th largest coin in the global crypto market.
  • The ROI (Return on Investment) stands at 286.53%.
  • A total of 25,927,070,538 ADA coins are in current circulation.
  • The current market cap at 04:24 UTC stands at 2,170,926,573 USD.
  • The value of each Cardano price stands at 0.083732 USD and 0.00001041 BTC.
  • The 24h volume at the current UTC stands at 135,057,045 USD.

ADA Coin Comparison –

Cardano started the year with a very low price. However, it has shown tremendous stability throughout the year until now. The lowest point of Cardano was on 06th February at 0.036 USD, and the highest point of the coin was on 4th April at 0.090 USD. The highest point was the result of unprecedented April market boom. The market cap on 20th April was 2,053,243,362 USD. And the value of each ADA coin was 0.079193 USD. The current market cap and the value of each Cardano coin in USD are 5.73% more than the figures for last month.

ADA Price Prediction-

The recent developments have already started showing positive signs at the price chart of Cardano. The current trading value of Cardano is around 0.08 USD. The resistance will be there at 0.1 USD 0.2 USD. We predict the coin to reach 1 USD mark by the end of 2019. We can expect loads of steep falls in between the journey.

Conclusion-

This is a good time to enter the market. Long term holding of Cardano coins will give as high as 10 times of the current investment in a period of 1 year.

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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.

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