The Bitcoin bull run has been ongoing for days now. However, the intensity increased about two days ago when the price of BTC hit $6000 for the first time since November. While the price of Bitcoin was surging significantly against the USD, altcoins were recording little to no gains. Cardano ADA was even recording loses. If the bull run continues, the price of Bitcoin may hit $10,000 within the next two weeks.
According to a Cardano price prediction 2019 on CryptoNewz, the price of Cardano ADA is going to surge higher against the USD before the end of the year. Thanks to the Cardano Shelley upgrade and other ongoing developments, the price of ADA is going to move as high as $1.5 according to the article. While this figure seems realistic, it is important to remember that the cryptocurrency market is unpredictable long-term. There is a chance that Cardano would get to this level, cross this level or fall below its current level by the end of 2019. Anything is possible so all we can do is wait and see.
Cardano Price Prediction 2019
Cardano (ADA) Price Today – ADA / USD
Cardano ADA only started recovering against the USD yesterday afternoon after trading in red for days. Even if it has joined the bull run late, there is still a high chance that the price is going to keep improve short-term.
Cardano ADA News – ADA Will Become Top Coin In The Crypto Market
Cardano ADA news for a while has been about how the price of ADA would be affected by the upcoming Cardano Shelley upgrade. The Cardano price prediction 2019 and Cardano price prediction 2020 have been bullish since the beginning of the year. However, the short-term price action of Cardano was bearish for some days.
The latest luminary from the space who talked about its progress was Charles Hoskinson, the Chief Executive Officer [CEO] of IOHK, the organization which handles projects like Cardano [ADA] and Ethereum Classic [ETC].
According to the latest Cardano ADA news on ambcrypto; Hoskinson touched on the various developments within IOHK and the company’s roadmap ahead. He stated that the organization has been building the project in stages while, at the same time, there has been a lot of pushback and a barrage of negative comments in the space. In his words:
“Despite all the negativity, we have two independent groups working on the protocol while they both learn from each other. One group is ensuring that the creative side of the protocol is still intact while the other works in a much more methodical and precise way. I am pretty confident that if we keep up this momentum, we will be the leading cryptocurrency in the market.”
Hoskinson added that the organization wanted to launch the Shelley test net during the IOHK summit, but due to certain changes, it had to be delayed again. He has been confident about the release of Shelley this year and has even gone as far as stating that he would eat his own shoe if it does not happen.
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