Cardano ADA news for the past few weeks have been mainly about the Cardano Shelly upgrade and how it’s going to change the game for Cardano forever. Cardano, just like many other blockchains wasn’t released in its final form. This is why the Cardano development team created a roadmap consisting of a list of Cardano upgrades that would eventually take the blockchain to its finally stage, Cardano Shelly. With Cardano Shelly, the blockchain would achieve what no other blockchain has been able to achieve so far – complete decentralization. During the IOHK summit, Charles Hoskinson announced that Shelly would be released in 2020. This announcement will boost the Cardano price prediction 2019.
Cardano ADA News – Cardano News Today – What You Need To Know About Shelly
Cardano Shelly comes with many new functions. It would release monetary incentives to stakeholders, facilitate delegation of rights, and provide more opportunities for members of the community. The anticipation from investors ahead of this upgrade can take the price of Cardano ADA as high as $0.3 by the end of 2019. Within the next two years according to the Cardano price prediction on CryptoNewz, the price may hit $5. In the next five years and with Cardano Shelly completely implemented, the price of Cardano can hit $10.
Cardano (ADA) Price Today – ADA / USD
Traders who are looking for a coin that would be profitable long-term should consider buying the ADA token. The price is low now so it might be a good idea to buy in bulk. At the time of writing, each ADA coin cost $0.078809. This means that it is down by 0.90% against the USD and down by 2.27% against the price of BTC. The trading volume over a 24 hour period is $68,003,148 and the market capitalization is $2,043,280,619. The current price presents the perfect buying opportunity for investors. However, it is important that you do not invest your savings in volatile assets such as cryptocurrencies. This is because irrespective of how positive the developments are and how amazing the price predictions look, there is no way to guarantee that the price will increase or reduce within a given period. It is a high risk high reward situation and it’s not for the faint hearted. Only invest money you can spare.
Cardano ADA News Today – Cardano ADA Price Comparison – ADA Price Variations
The price of ADA has done incredibly well over the last 30 days. ADA successfully kicked Tron Trx out of the 10th position on CoinMarketCapital’s list of largest cryptocurrencies and is now far ahead of Trx. The market capitalization 30 days ago was about 1,366,845,732. Today, the market capitalization is $2,043,280,619. This is a significant rise within a 30 day period. The price of the ADA token was about $0.052 30 days ago and is now $0.078809 today. Even the trading volume of Cardano ADA is much higher than it was 30 days ago. So, there is no doubt that Cardano ADA is one of the most promising projects out there.
What do you think about the Cardano ADA news today? Will the Cardano Shelly upgrade lead to a rise in the price of ADA long-term? Share your thoughts in the comment section.