Cardano price prediction 2019 and Cardano price prediction 2020 are meant to be bullish because Cardano has been one of the best performing cryptocurrencies in the space in recent time. The price of ADA has taken hits along with the other altcoins in the market. Notwithstanding, the Cardano development team has made exciting updates that have helped to support the price of ADA by making the blockchain more efficient and increasing adoption. A detailed Cardano price prediction 2019 and Cardano price prediction 2020 on Beincrypto.com suggests that the price of ADA is going to move higher by the end of 2019.
Cardano Price Prediction 2020 – Cardano News Today – Cardano Price Prediction 2020 – How High Will Cardano Go In 2019?
About two days ago, the price of Cardano recovered slightly against the USD to the $0.074 level. Since then, it has been trading within this range and recording lower lows against the USD. If the bulls are able to gather enough momentum for a breakout, the price of ADA will move as high as $0.85 short-term. However, considering the current condition in the market, the price of ADA will most likely face some resistance before it gets to this level.
Fundamentally speaking, Cardano is doing well. Thanks to the Cardano news we previously reported, the Cardano blockchain will have what it takes to take over the decentralized computer space with the Cardano Shelley upgrade. In the blockchain space, Cardano is in competition with the likes of EOS, Tron and Ethereum. Ethereum is the leading decentralized computer in the world. However, there have been some arguments about the decentralization of Ethereum. Some have said that it is impossible for a blockchain to be completely decentralized at this current stage of development. IOHK, on the other hand, is certain that the Cardano Shelley upgrade is going to bring the Cardano blockchain into a new era that is completely decentralized.
According to the recent Cardano price analysis which is based on future and present trends as well as fundamentals, the price of ADA will be $0.038 by December 2019. This is about 50% lower than the current price of Cardano. By the year 2020, the price of Cardano is expected to move higher against the USD. However, this would be followed by lower lows which would lead the price of Cardano to $0.01 by December 2020.
Cardano Price Prediction 2020 – Cardano News Today – Cardano Price Prediction 2019 – Current Price Of Cardano
At the time of writing, the price of Cardano was $0.065903. This means that it is down by 5.41% against the USD and down by 4.58% against the price of Bitcoin. The trading volume over a 24 hour period is $65,051,575 and the market capitalization is $1,708,666,811. Almost every altcoin is falling at this time and the price of Cardano isn’t an exception.
Cardano (ADA) Price Today – ADA / USD
| Name | Price |
|---|---|
 | $0.00 |
It is important to note that the Cardano price prediction 2019 and Cardano price prediction 2020 on Beincrypto.com aren’t trading advice. There is no way to know what the actual price of Cardano ADA will be in the next few months or even next year. The fundamentals are strong so there is a chance that the price of ADA will surge higher against the USD.
What do you think about the Cardano price prediction 2019 and Cardano price prediction 2020 in Cardano news today? Will the price of ADA move higher or lower against the USD in the next few months? Share your thoughts in the comment section below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.
