Article Index
1. Introduction
2. What is Cardano (ADA)?
3. Cardano (ADA) Price Prediction by market
4. Coinnounce’s Cardano Price Prediction
- Cardano Price Prediction 2020
- Cardano Price Prediction 2025
- Cardano Price Prediction 2018
5. Frequently Asked Questions (FAQ)
6. Conclusion
Introduction
Since the introduction of the first cryptocurrency – Bitcoin, many cryptocurrencies projects have come forward, competing with each other, trying to make a place for themselves in the market. Developed by the team lead by Charles Hoskinson, Cardano is another digital platform that was launched in 2017, which was a decentralized block platform that is launched on open-source smart contracts.
Cardano was the underlying platform, and on its basis, Cardano Coin – ADA was launched to race against the cryptocurrencies that were available in the market. Cardano was developed by Charles Hoskinson, who is the former co-founder of Bitshares and Ethereum. Cardano was aimed to help launch the smart contracts, decentralized apps, sidechains, multipart calculations, and metadata.
Note: The platform works on the Proof-of-Stake algorithm called Ouroboros, which determines how to separate nodes unison concerning the entire network.
Currently, Cardano is trading at $0.0432 with strong resistance at $0.0462, and immediate support is present at $0.0400. In the past 24 hours, the Cardano has seen a growth of about 1.58% as the market cap reached $1,119,726,357, placing the cryptocurrency in the 12th position.
What is Cardano (ADA)?
Cardano ADA is a cryptocurrency that is based on the Cardano platform, which was launched in September 2017 Blockchain Development Output Hong Kong (IOHK) and Charles Hoskinson. The developers of Cardano believe that the Ouroboros is as good as Bitcoin’s blockchain.
ADA is the cryptocurrency platform which is used by the developers as an example of how the money will look like in the future. The cryptocurrency has grown more than 1500% since its launch in 2017, and the cryptocurrency is still increasing as the rate of adoption is rising.
Advantages of Cardano:
- Ouroboros divides the time into slots like a factory shift for a smooth working.
- Cardano has studied the mistakes from other projects making it more functional.
- Governance of the blockchain is under the control of the stakeholders. This gives a fair chance to every user to vote for change.
Cardano (ADA) Price Prediction by market
Cardano is a relatively new cryptocurrency, but it has shown impressive growth in the past two years, reaching 12th position in the charts. Several price prediction websites and crypto enthusiasts have predicted the future of Cardano ADA. Let’s look at those:
1. Smartereum
Adam Web, who is the author of Smartereum, has given a bullish prediction for ADA, saying that the price can reach $2.5 by the end of 2019.
2. Crypto Town
Crypto Town has predicted that the price of Cardano will reach $0.12 by the end of the year 2019. They believe that the growth of the coin is slow, but eventually, it will gain its position in the market and get the deserving recognition.
3. Wallet Investor
This prediction service believes that the price for Cardano will be bearish for 2019, and the price can decline in the coming years. The platform has predicted a long term bearish trend for the coming years, and the price is expected to fall as low as $0.0033.
4. Cryptonewsz
Cryptonewsz is another platform that has predicted that the price for ADA can reach $0.1 for the year 2019, and it will further increase and reach the $1 mark by 2022. This prediction is a little realistic as the company has great potential, and they have well defined long term goals for the company.
5. Captainaltcoin
Another crypto platform is captainaltcoin have believed that the price will be bullish, and the price will reach $0.27 by the end of 2019.
Coinnounce’s Cardano Price Prediction
Cardano has seen fluctuating trends recently because of the volatility of the market. The team of our analysts has tried to predict the price of Cardano ADA depending on past trends and the interest of the market in the cryptocurrency. These are just predictions as its impossible to present an accurate estimate for any cryptocurrency.
Cardano Price Prediction 2020
The community is being positive about the growth of the cryptocurrency as the interest of the people in the market is slowly increasing. The trade volume on the platform has also increased.
The predicted price for the cryptocurrency can reach the levels of $0.700 and $0.800 by the year 2020. The market is predicted to be bearish as the price continues to grow.
Note: Cardano’s development started in the year 2015, but it was launched in 2017 due to delay in the ICO process.
Cardano Price Prediction 2025
The company was launched to improve the way the digital currencies work and to introduce the revolutionary idea of working and payments using cryptocurrencies. The cryptocurrency was launched to aim at changing the way digital currencies work.
The price for the cryptocurrency is expected to gain more over five years, and it is predicted that the price can reach the levels of $2 and further head towards $3 level.
Note: Cardano Foundation rolled out the first step in the introduction of its Shelly Testing Platform that would allow users to choose from a series of stake pools.
Cardano Price Prediction 2018
The previous year’s bull run gave traders and investors high hopes for the coming year, but the bullish run soon ended as the price started declining. The price that was predicted to reach $1 ended up hitting the all-time low for the coin.
ADA ended up hitting $0.0410 as the year moved towards the end. People, however, were positive about the market and had faith in the growth of the cryptocurrency.
Note: Investors will have to use the Daedalus wallet to have access to ADA and use the cryptocurrency.
Frequently Asked Questions (FAQ)
1. Will Cardano reach $10?
Cardano’s development is slow, but the cryptocurrency is gaining popularity, so the cryptocurrency is expected to reach the $10 mark in a few years.
2. Is Cardano a good investment?
Cardano has gained popularity quickly in the past two years, and the user volume has increased as well over some time. The cryptocurrency is set to reach new heights as market predictions are bullish.
3. Will Cardano replace Bitcoin in a few years?
Bitcoin is the leading cryptocurrency in the world according to its market capitalization, and Cardano has gained popularity quickly, but surpassing Bitcoin is not possible.
4. Can ADA be mined?
Yes, users can obtain ADA coins by the process of mining.
5. How many ADA coins are there?
With a lifetime supply of 45 billion, around 25,927,070,538 ADA are circulating in the world.
6. From where can we buy Cardano ADA coins?
ADA cryptocurrency is available on trading platform Bittrex from where it can be exchanged using USDT, USD, and BTC.
Conclusion
Cardano was launched in the cryptocurrency world to introduce everyone to the new form of payments and how things work. The project was introduced as a new payment platform for the future. The cryptocurrency has shown strong potential in the past few years, and the interest of the investors and people in the cryptocurrency makes it a good investment.
