Cardano is a blockchain based system which is fully decentralized. It runs on the Cardano platform. The platform bears some similarities with Ethereum when it comes to running a smart contracts-based system. It is also used to execute dApps. The network has an edge over other cryptos with these same capabilities – it has a 2 layered system. Each layer runs separately. One runs the ADA exchanges while the other layer executes all smart contracts.
This platform has advanced technology with the main goal of providing secure and fast exchange platform. It also permits the users to run different apps seamlessly and concurrently. The use of smart contracts makes it more attractive for corporations and large organizations.
Cardano price prediction 2019
According to Coin Market Cap, Cardano is the top winner in the top ten digital currencies for the last 2 days. After extensive research on the applicability of the coin investors think that Cardano is a best investment.
Cardano (ADA) Price Today – ADA / USD
Is Cardano the best Cryptocurrency to invest in 2019?
Presently, the coin has 25,927,070,538 ADA coin in circulating supply. Also, considering the 24-hour price movement, about $137,045,451 has been traded. Analysts believe that the coin has a 288.19% approximate return on investment.
The coin has seen a huge growth in its market trend, and it achieved all this within a short time.At the beginning of March 2019, the market cap of the coin was at 1150 million. ADA price was also at $0.043629. the market saw a 65% growth at the end of March and reached $0.073065 and had a market cap of $1,894,360,212.
The market saw more growth on the fourth day of April and its market cap was $2,587,720,799 and the coin traded at 0.099808 USD. This figure amounts to 36.60% increase. However, ADA price saw a drop of 18.76% from its peak values.
ADA price prediction 2019
Several top analysts have dropped predictions for the coin for the end of the year. Some predict that ADA price would reach $0.40 by the end of the year. For a longer-term price prediction, analysts predict a spike to $1 by 2020. If the coin continues in this trend, the price can spike to $2 by 2024.
Other analysts believe that it is a profitable investment in the long term. The price is estimated to rise by about 98.46% in 2020.
The coin’s market growth is impressive. Even though it has been swift, analysts believe it will be sustained. To determine if it is the best cryptocurrency to invest 2019, traders and investors can follow the current market trends. However, in the short and long term, the coin seems to have a positive outlook.
According to the blockonomi; the price is currently moving higher and it recently broke a key bearish trend line at $0.0880 on the same chart. It is now trading nicely above $0.0850 and the 25 simple moving average (2-hours).
Therefore, there are chances of more gains in cardano if bulls take out the key $0.0940 resistance area. The next major hurdle for bulls is near $0.1000, above which the price is likely to climb above the $0.1016 high.
Overall, Cardano price is placed nicely in an uptrend above the $0.0820 support and it seems like ADA could continue to rise towards $0.0940, $0.1000 or even $0.1045. Source. Smartereum
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