It was a bloody weekend for all cryptocurrency world. Almost every cryptocurrency fell significantly against the USD. At the time of writing, the bears were running out of steam. The price of Cardano was $0.0690. This means that it is down by 0.12% against the USD and up by 0.46% against the price of BTC. Within the last 7 days, the price of Cardano ADA is down by more than 14.51% against the USD. According to the latest Cardano ADA news on investing; the seven-day trading range is $0.0671 to $0.0797.
Cardano ADA Price Prediction 2019
Cardano (ADA) Price Today – ADA / USD
Cardano ADA, just like other altcoins, is influenced by the price of Bitcoin. While there are situations in which altcoins like ADA outperform Bitcoin, it would be foolish to conclude that Bitcoin’s price action no longer affects altcoins. So, whether or not our Cardano price prediction 2019 will happen depends a great deal on Bitcoin’s price action. If a Bitcoin bull run starts, the price of Bitcoin will fuel altcoins including Cardano ADA.
Since the price of Cardano wasn’t the only one in red, it would be unfair to conclude that the current price action will affect the Cardano price prediction 2019. As we already established in our previous Cardano news, the ADA token has what it takes to hit $0.50 and eventually $2. The Cardano blockchain has strong fundamentals and the upcoming Cardano Shelley is going to make the blockchain more attractive to people interested in blockchain technology.
Cardano Price Prediction 2020
The most popular Cardano future forecasts place the price of ADA at $0.50 by the end of this second quarter, $2 by the end of the year and $5 by the end of 2020. While these gains are modest and the Cardano development team is working on factors that would increase the demand of the Cardano ADA token, the upward strength of Cardano ADA still depends a lot on the general market sentiment.
Cardano ADA News – Huobi.com lists Cardano (ADA)
On Friday, Cardano traded as low as $0.067619 against the USD which means that it is down by 10.21% against the USD. This is the most significant lose Cardano has suffered within a 24 hour period since the 24th of February. The market capitalization, according to the Cardano news at the time, was $1.75092 billion. This made up for about 1.02% of the total market capitalization of cryptocurrencies. Cardano investors are waiting for the positive Cardano news that will boost the Cardana price.
According to the latest Cardano Ada news on finance.yahoo; HBUS, the operator of the US-based digital asset marketplace Huobi.com, announced today the listing of Cardano (ADA) and Nebulas (NAS) with BTC, ETH, and USDT trading pairs. HBUS CEO, Frank Fu said;
“Our team follows a rigourous token listing evaluation process. Now that our process is complete, and based on customer demand, we are excited to announce ADA and NAS as the latest digital assets to be listed on Huobi.com. ADA and NAS bring our total digital assets available to 22 and increase our available trading pairs to 57.
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