The team behind Cardano is one of the most ambitious in the cryptocurrency space. This is why the Cardano Shelly upgrade is aimed at achieving something no other blockchain has been able to achieve yet – 100% decentralization. Ever since the Cardano team released an updated Cardano Shelly roadmap, the ADA cryptocurrency and the Cardano blockchain and the ADA token have been trending on crypto social media. People are now searching for answers to questions like; how high will Cardano go? What is the Cardano price prediction 2019? What is the Cardano price prediction 2020? Will Cardano Shelly make the price of ADA higher? Well, the Cardano price prediction 2019 on CryptoNewz places the price of Cardano at $0.50 by the end of the year making 2020 a great year for ADA.
Cardano News Today – ADA News – Cardano Shelly Will Change The Game For ADA And Improve The Cardano Price Prediction 2020
You see Cardano is one of the Ethereum killers of the new generation. Just like Ethereum is used for hosting decentralized applications and smart contracts, Cardano is also a hosting blockchain with many use cases. However, it is cheaper, faster but not as popular as Ethereum. IOHK, the company behind the Cardano blockchain, hopes that Cardano will eventually overtake Ethereum. Even if we are still far from that, it important to note that Cardano has made significant progress since its inception. Soon, with the Cardano Shelly, it is going to have what it takes to drive the ADA token into mass adoption and eventually give it a spot on the top 5 list on CoinMarketCapital.
Over a 30 day period, the price of Cardano is up by 3.71%. Considering the fact that the last 30 days have been full of ups and downs, this is a decent gain. The fact that the Cardano project is still in its developmental stage isn’t going to have a negative impact on the Cardano price prediction 2020 because, the Cardano development team is working hard to make sure that they meet up with the deadline on the Cardano Shelly road map. According to the previous Cardano news, Shelly is a game changer. If it is successfully implemented and achieves what the Cardano development team says it would achieve, this is going to be a big deal for the Cardano blockchain and the smart decentralised applications on it as well as the ADA token.
Cardano Price Prediction 2020 – Cardano News Today – Current Price Of Cardano (ADA)
At the time of writing, Cardano ADA was trading at $0.072684. This means that it is up by 2.77% against the USD and up by 0.42% against the price of BTC. The trading volume over a 24 hour period is $90,984,708 and the market capitalization is $1,884,478,552. It is important to note that Cardano is not the only altcoin that is trading in red. It is even outperforming Bitcoin and altcoins at the moment.
Depending on how true the Cardano team is to their word, the state of the market and other fundamentals like regulations, a gradual rise will continue throughout the year. The price of ADA may be between $0.45 and $0.50 by the end of 2019. The Cardano price prediction 2020 is bullish. It may hit the $2 mark by the end of 2020 at its current growth rate.
What do you think about the Cardano price prediction 2020 on our Cardano News Today? Kindly share your thoughts in the comment section below.