Why should you think about investing in Cardano (ADA) in 2019? At the start of 2018 when the cryptocurrency bull run was on, Cardano, rose to around 1500% and was even trending in the top 5 cryptocurrencies by market capitalization. Like the other cryptocurrencies however, it is lost significant amount of value in the current bearish trend. This is the reason why many investors are actually writing it off.
The truth is that, the fundamentals of Cardano are stronger than ever. That is why you should think about investing in Cardano in the year 2019.
Cardano Price Today
Price predictions for Cardano (ADA) in 2019:
From the highest position which it attained that is the 5th position according to market capitalization, it has fallen to 8th position. However that does not mean that the fundamentals of Cardano have changed. The fundamentals are greater than ever. This is the reason why you have to ignore the temporary downward impulses in price. You just needto look at the fundamentals of the coin and decide whether or not invest on it.
Should you buy ADA now?
ADA is backed by a very strong development team. As a result, the development of the platform is consistent. Also, the longer term plan includes providing a blockchain which will be versatile and which will be highly efficient for the users. As a result, the potential in this blockchain is pretty huge.
Many of the analysts think that Cardano can rise to as high as $ 10. If you look at the current prices, you will realize that this has actually a significant rise from the current prices. Moreover, the Cardano team will most likely launch the testnet pretty soon. With the help of the launch of testnet, the traction which Cardano will be able to gain will be significant. This is the reason why now might be the right time to invest in the cryptocurrency.
Moreover, since the price of the cryptocurrency is in the doldrums, it will be a good idea to buy the coins in bulk. When you buy the coins in bulk, it will become easier for you to earn a significant amount of return over a period of time. Instead of investing in cryptocurrencies which are near their highs, Cardano is a good option. Since it has fallen a significant bit, it provides you with the added security. It is much closer to its bottom rather than to the top. This is the reason why you should think about buying Cardano. Keywords: Cardano price prediction, ADA price prediction, ADA news today, Cardano price today