We are still in an uneven period for digital currencies despite the April 2 crypto bull run that saw the price of the major assets rise. Since that date, the volatility appears to be in effect as overall, prices have dropped and risen again. This isn’t an uncommon phenomenon. Investors and traders hope the next crypto bull run will usher in an era where price rises can be sustainable for stablecoins. However, the overall outlook for cryptocurrencies remains optimistic. Today we will see how Blockchain protocol Cardano (ADA) has faired via its year to date (YTD) chart.
Cardano (ADA) Price Today – ADA / USD
Cardano Price Prediction 2021: Cardano Went Down on Its Year to Date Charts
Cardano (ADA) is still number 9 in the list of the largest cryptocurrency by market capitalization. The digital asset latest dips occurred in November of 2020 when it went down on its YTD charts but we are still very positive about ADA. Read a full SwyftX Review to find out if they are a secure exchange to purchase Cardano in Australia
The recent crypto bull run ensured that Cardano was able to acquire positive returns as seen on its YTD charts. However, following the dip that continued for weeks leaving only a few days for rebounding on November 26th, ADA is down by 2.5% on its year to date chart. Cardano is still a promising Blockchain project in the market as a result of its unique technology. It has massive potential with the reports Coinbase listing in coming weeks and the scalability solution the network offers.
Cardano Price Prediction 2021: Cardano Long Term Forecast
In the event that Cardano enters Q2 of this year at $1.10, that is if the positive market trends come into play, ADA could trade as high as $2.50 per unit.
By the year 2021 Cardano should have implemented scalability solutions or officially become a third generation crypto. This could take its price at the beginning of January 2022 at $32.90.
Our price prediction also shows the least ADA price in 2021 as 2.9$ and its highest price above $5.
More enthusiastic Cardano price prediction 2019 are forecasting $33 for ADA in 2020. They expect that it will acquire stable growth and keep its value above the $30 position.
It is being considered, according to ADA’s price patterns and its future roadmap, that the digital asset may top in the year 2025 to set its lowest price at 15$ per ADA.
The highest price that Cardano could attain in this case would be $50. The reason for this is because ADA is expected to get close to EOS and Ether on the list of top ten virtual currencies.
Cardano Price Prediction 2019: Cardano is Likely to See More Gains in the Long Term
Considering the fact that Cardano is one of the most prominent projects in the crypto market ADA is likely to surge higher than fall short in the coming months.
Cardano much like Ethereum (ETH), is a smart contract-backed system that can run dApps). It is a layered system.
According to Cardano, the project claims to be the first digital currency on the scientific peer review. This ensures the safety of the time digital asset. As of the time this report was published, Cardano was trading at $0.084318. The digital asset is up by 2.41% with a market cap of $2,186,123,531
Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.