Cardano (ADA) News: Cardano (ADA) May Hit to $2 By The End Of 2019

Back in 2018, Cardano saw near flat trading sessions going on to wrap up the year with very little optimistic prospects. The digital asset entered 2019 beginning with a slight bounce. Now it is moving up strongly. If you look at the chart of Cardano (daily and weekly), you’ll see that there’s a good trading volume for the digital asset in that period. ADA has a strong community of developers who have a solid roadmap with a lengthy list of developments all scheduled for launch this year.

Cardano is aimed at tackling the scalability issues present in most Blockchains. The cryptocurrency remains one of the most promising projects in the market. The fast and simpler transaction that Cardano offers is another factor that will ensure the continuous growth of the price of Cardano as well as its popularity. Moreover, Cardano is similar to Ethereum in a number of ways. Both projects are smart contract-based protocols. However, Cardano is designed on a layered system. It is the first cryptocurrency to operate on a scientific peer review in a bid to ensure safety.

Recently, Cardano entered the second phase of its operations following the launch of a new updated roadmap, Shelley. Shelley is the second phase of the Cardano roadmap designed to make its Blockchain a decentralized network. To date, Cardano (ADA) has been on the  Byron roadmap, the bootstrap phase. For the Byron phase, Cardano was debugging the code and making improvements. However, from now onwards the network will be focused on delivering improvement proposals.

Cardano ADA Price Prediction 

Cardano (ADA) Price Today – ADA / USD

Name Price24H (%)
Bitcoin (BTC)
$42,214.00
1.50%
Ethereum (ETH)
$3,129.86
-0.13%
Cardano (ADA)
$1.43
-3.90%

The price of Cardano has been on the rise since the first quarter of this year. The digital asset has performed fairly well even though the bulls haven’t been sustainable. According to the latest Cardano analysis on elevenews; much of the growth experienced by the price of Cardano is owed to the network’s goal to tackle scalability issues and the creation of solutions to make users have a better experience. According to a critical analysis of the charts, the price of Cardano is expected to reach $2 by the end of 2019. Presently, Cardano is ranked number 10 in the cryptocurrency chart.

Cardano price trend has shown that it is one of the most stable tokens in the crypto market. This is the reason why many are inclined to assume Cardano will perform positively throughout this year. According to analysts, Cardano seems to show a bullish trend in the long run. Many analysts believe that by year-end, the price of Cardano might hit $2. Source: Smartereum

Cardano (ADA) News – Cardano ADA Analysis

According to the latest Cardano analysis on cryptoglobe; the price of Cardano is in a bearish trend. The crypto’s price had in the last two weeks traded between the levels of $0.0800 and $0.0900 in a tight range. On April 19, the bears broke the lower price range and it is approaching the $0.06977 price level.

The $0.06977 support level was the previous low of October 28, 2018. If the $0.06977 support level holds, the crypto’s price will resume its bullish trend to retest the $0.0900 resistance level. However, the price is below the 12-day EMA and the 26-day EMA which indicates that the price is likely to fall.

On the other hand, if the bears break the $0.06977 support level, the crypto’s price will fall to the $0.040 price level. Meanwhile, the stochastic is in the oversold region but above the 20% range. This indicates that the price of Cardano is in a bullish momentum and a buy signal.

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Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.