Currently, many of the investors have mixed feelings about the cryptocurrencies which is normal with the volatility they present. Cardano is one of those currencies that is in between. Even though there are some analysts who view the currency’s price prediction as falling further in the long-term, there are many different opinions since these are only predictions for the yet-to-happen future. Below, there is the current information as well as long term predictions specifically designed for the Cardano.
2019 Cardano Price Predictions
2019 will likely to start on a positive note. Towards the end of the first quarter, it is possible to reach $0.320 levels. Towards the third quarter, it might fall and reach $0.30 mark. From July, it will start surging upwards steeply.
Towards the last quarter of 2019, it might reach $0.40 mark, wherein the highest expected price would be $0.41.
2020 Cardano Price Predictions
2020 will prove to be one of the luckiest years for Cardano, where it surges upward and can touch the $1 mark once again. Reminder: Cardano prices have crossed 1 USD in last bull market of Dec 2017.
Cardano 5 Years Price Predictions
This will be Cardano’s third generation with the goal of overcoming the problems other currencies have encountered. It was designed with the aim of offering fast transfers as well as a platform for financial applications.
Cardano (ADA) Price Today
When you look at the day exponential moving average (it is less than 26-day exponential moving average and the 50-day exponential moving average), you will realize that each of them is broken by the recent bearish candles. The levels which were broken included $ .35, $ .30, as well as $ .25. All of these supports were broken on a consistent basis. As a result, the outlook looks quite bearish for Cardano.
It is more likely to be a temporary bounce
Even though there might be a bounce in between, it is more likely to be a temporary bounce. That is why any pullbacks to $ .30 may not be sustainable. Later on, it might break the recent lows created as well. As a result, it will be very difficult for the investors to make money in Cardano on a longer-term basis. This is one of the main reasons why it is a better idea to stay away from the cryptocurrency rather than thinking about investing in it at the present levels.
When you look at the technical patterns in the cryptocurrency, you will realize that it has formed the head and shoulders pattern. Owing to this very reason, it is more likely for it tol fall over. According to the head and shoulders pattern, it can go to as low as $ .20 as well. That is why it is a better idea to stay away from this cryptocurrency rather than think about investing in it. Also, around the $ .20 levels, it will enter the stable mode as well. Therefore, some kind of stability is slated to be achieved around the $ .20 levels.
Some Good News For Cardano
This is bear market for cryptocurrencies but there are few projects which are doing well and constantly evolving its technology, Cardano is one of them.
Cardano prices has showen some increase towards the end of 2018, which gave some hope for crypto enthusiasts. Good news for ADA as there is a partnership which is about to take place between Cardano and Metaps Plus. By the time the partnership starts, the price of Cardano will be likely to spike. Metaps Plus is one of the largest mobile companies in South Korea and entering into a partnership with it will help ADA build a reputation in the country which would also lead to more usage of the ADA coin.
Cardano is working on improving the scalability of the network even further in the near future, so that the network would be able to pick consensus nodes. This could make up for a group of nodes that would take over the work of handling a aignificant portion of data without having all the nodes in the network unnecessarily duplicating the data that needs to be processed.
For longer period, also invest in other cryptocurrencies
If you are a compulsory investor, you should wait for these $ .20 levels before thinking about investing in Cardano. Till then, however, it will be a good idea to stay away from the cryptocurrency market as it, most likely, will keep on breaking those levels.
It is a good idea to look for some other cryptocurrencies if you’re looking to invest in them for a longer period of time. Only when you look into the technical indicators as well as the exponential moving averages, you will be able to figure out whether the cryptocurrency is bullish in the long term or not.
The blockchain technology will gain more trust and attraction from the users in the future. And we will be on the lookout to see what is going to happen in the future.