Cardano (ADA) Still On Course to Reach $2 By Year End

The price of Cardano has been on the rise since the first quarter of this year. The digital asset has performed fairly well even though the bulls haven’t been sustainable. Much of the growth experienced by the price of Cardano is owed to the network’s goal to tackle scalability issues and the creation of solutions to make users have a better experience. According to a critical analysis of the charts, the price of Cardano is expected to reach $2 by the end of 2019.

Cardano Price Prediction: Cardano is Growing in Popularity

Cardano is aimed at tackling the scalability issues present in most Blockchains. The cryptocurrency remains one of the most promising projects in the market. The fast and simpler transaction that Cardano offers is another factor that will ensure the continuous growth of the price of Cardano as well as its popularity. Moreover, Cardano is similar to Ethereum in a number of ways. Both projects are smart contract-based protocols. However, Cardano is designed on a layered system. It is the first cryptocurrency to operate on a scientific peer review in a bid to ensure safety.

Cardano Price Prediction: The Price of Cardano Recorded a 5% Gain in the Last 24 Hours

Recently, Cardano entered the second phase of its operations following the launch of a new updated roadmap, Shelley. Shelley is the second phase of the Cardano roadmap designed to make its Blockchain a decentralized network. To date, Cardano (ADA) has been on the  Byron roadmap, the bootstrap phase. For the Byron phase, Cardano was debugging the code and making improvements. However, from now onwards the network will be focused on delivering improvement proposals.

According to CoinMarketCap, the price of Cardano stood at $0.075374. The digital asset had a market capitalization of $1,954,234,239. It was valued at 0.00001345 per chip against BTC. Cardano’s 24 hours trading volume stood at $90,591,744. Presently, Cardano is ranked number 10 in the cryptocurrency chart. As of March 30, exactly 25-days ago, the price of Cardano was at $0.071739. Since then the value of the coin has remained almost flat. Now it was trading around $0.075374 having seen a 5% bounce.

Cardano Price Prediction: The Price of Cardano Entered 2019 With a Rebound

Back in 2018, Cardano saw near flat trading sessions going on to wrap up the year with very little optimistic prospects. The digital asset entered 2019 beginning with a slight bounce. Now it is moving up strongly. If you look at the chart of Cardano (daily and weekly), you’ll see that there’s a good trading volume for the digital asset in that period. ADA has a strong community of developers who have a solid roadmap with a lengthy list of developments all scheduled for launch this year.

Cardano price trend has shown that it is one of the most stable tokens in the crypto market. This is the reason why many are inclined to assume Cardano will perform positively throughout this year. According to analysts, Cardano seems to show a bullish trend in the long run. Many analysts believe that by year-end, the price of Cardano might hit $2.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.


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