Just like Ethereum is used for hosting decentralized applications and smart contracts, Cardano is also a hosting blockchain with many use cases. However, it is cheaper, faster but not as popular as Ethereum. IOHK, the company behind the Cardano blockchain, hopes that Cardano will eventually overtake Ethereum. Even if we are still far from that, it important to note that Cardano has made significant progress since its inception. Soon, with the Cardano Shelly, it is going to have what it takes to drive the ADA token into mass adoption and eventually give it a spot on the top 5 list on CoinMarketCapital.
The team behind Cardano is one of the most ambitious in the cryptocurrency space. This is why the Cardano Shelly upgrade is aimed at achieving something no other blockchain has been able to achieve yet – 100% decentralization. Ever since the Cardano team released an updated Cardano Shelly roadmap, the ADA cryptocurrency and the Cardano blockchain and the ADA token have been trending on crypto social media. People are looking for answers to questions like; how high will Cardano go? What is the Cardano price prediction 2019? What is the Cardano price prediction 2020? According to the latest Cardano price prediction on CryptoNewz, the price of Cardano will hit to $0.50 by the end of the year making 2020 a great year for ADA.
Cardano (ADA) Price Prediction 2019 – Cardano Price Prediction 2020
Cardano (ADA) Price Today – ADA / USD
Over a 30 day period, the price of Cardano is up by 3.71%. Considering the fact that the last 30 days have been full of ups and downs, this is a decent gain. The fact that the Cardano project is still in its developmental stage isn’t going to have a negative impact on the Cardano price prediction 2020 because the Cardano development team is working hard to make sure that they meet up with the deadline on the Cardano Shelly road map.
Depending on how true the Cardano team is to their word, the state of the market and other fundamentals like regulations, a gradual rise will continue throughout the year. The price of ADA may be between $0.45 and $0.50 by the end of 2019. The Cardano price prediction 2020 is bullish. It may hit the $2 mark by the end of 2020 at its current growth rate.
Cardano (ADA) News Today –Bitfinex news
According to the latest news on the cryptorecorder; the crypto market has dumped in the last couple of hours, with Bitcoin (BTC) dipping to as low as $5057 on some exchanges. This followed a Wall Street Journal article that Bitfinex used tether reserves to mask an $850 million hole. The news immediately caused a shockwave that sent Bitcoin (BTC) plummeting by more than 10%. Altcoins have taken an even bigger hit since they were already showing weakness way before this news hit the market.
However, what’s most interesting is that, hours after this news hit the market, Bitcoin (BTC) has rebound and offered some level of support for the altcoins. It’s a clear signal that the market now has the capability to withstand negative news. For investors, this can only mean one thing, is it time to load up on strong altcoins that have experienced a significant correction in the last 12-hours. One altcoin that presents an amazing opportunity is Cardano (ADA).
One thing that makes Cardano a worthy buy is a fact that it is the middle of the transition, as it seeks to move towards full decentralization. This process is fully on track and is in no way affected by the negative price movements that have hit the market recently. If anything, this is just a bump.
Considering the eagerness with which the Shelley release is anticipated in the market, there is no doubt that once it is officially announced as complete, Cardano will experience a significant gain in price, especially due to the staking aspect of it. Cardano is one of the best cryptocurrencies as a front runner. It may be trading sideways, but 2019 could still be the year when Cardano explodes and tests new highs.
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