- Crypto analyst expects the price of ADA to rise against BTC.
- Cardano will be a beast in 2020.
A recent look at the digital asset market shows that the overall price of digital assets has declined following Bitcoin’s quote fall. Many of the projects have struggled to gather any level of momentum. During that spell, for a moment, the price of Cardano went up. It managed to move until it pushed out Tron from the number 11 position via CoinMarketCap. However, as time passed, both tokens returned to their former positions. Cardano has been the only token to have impressed in the current frame of things. Now one crypto analyst has given a bullish Cardano price prediction.
Cardano (ADA) Price Today – ADA / USD
Name Price $0.044 1.89%
The analyst believes that the price of ADA will test another resistance level in the near future. The analyst owns the twitter account @CryptoMichNL. The Cardano price prediction is that the value of ADA will break under the 530-540 Satoshi levels. As of when this content was published, the price of Cardano is trading at the $0.0.35 area (490 Satoshis). Should the price of the digital asset break under the 480 Satoshi area, we will likely see it lose more value, according to the analyst. As long as the 480 Satoshi level holds, we can expect ADA to start attacking the upper region which is a resistance between the 530–540 areas. Once this point is broken, ADA can start moving again.
Cardano Founder Says the Project will be a Beast Next Year
Not very long ago, the founder of Cardano Charles Hoskinson made a tweet that quotes him as saying next year will be Cardano’s year. The coin will bring the market newly developed protocols along with Blockchain solutions. Quoting Hoskinson:
“Cardano will be a beast in 2020.”
Hoskinson said what’s exciting here about Cardano’s recent releases is the pace at which Cardano is able to move. The network’s team of scientists has performed remarkably well by designing good protocols. The network’s engineers have been able to bring ADA to the market.
Recall that it was earlier reported that Weiss Ratings called Cardano the superior protocol when compared to EOS. Previously, in this summer, the agency reportedly downgraded EOS due to centralization concerns. Regarding the EOS protocol, the platform has been dealing with congestion problems since November. This was triggered by the EIDOS dApp that has caused transaction fees to be over the top. Users now need 100 EOS to be staked.