Cryptocurrencies are volatile investments. This is because it’s still a relatively new asset class and the blockchain space hasn’t matured fully yet. While the price volatility makes it a high risk market, it also makes it high reward too. Cardano is one of the best cryptocurrency investments for traders who are patient enough to make long-term profit. The Cardano price prediction 2019 and Cardano price prediction 2020 are bullish against the USD. This is all thanks to the Cardano Shelley upgrade and other factors that would influence the price of Cardano. In our Cardano ADA news today, we are going to talk about why Cardano makes a good investment in 2019.
Cardano ADA News Today – Cardano Price Prediction 2019 – Cardano Price Prediction 2020 – Why Invest In Cardano?
Cardano is a decentralized blockchain that is just like Ethereum but build on a scientific philosophy. It is these scientific ideologies that makes Cardano standout from other blockchains in the space. These ideologies also protect the price is ADA from the negative effects of fluctuations. It uses Ouroboros, a consensus mechanism based of the proof-of-stake algorithm. This mechanism keeps track of transactions that occur on the Cardano blockchain and keeps a record that can be used for reference.
Co-founder of Ethereum, Charles Hoskinson developed the Cardano blockchain as an improvement to Ethereum. This makes it more scalable than Ethereum and it’s also cheaper to use making it more accessible to developers and investors. Right now, Cardano is the 10th largest cryptocurrency per market capitalization. It kicked Tron out of the 10th position and has been able to maintain this position for more than a month. Per our previous Cardano price prediction 2019, ADA may rise to the top 5 before the end of the year or by the second quarter of 2020. While the price of Cardano is down over the last 30 days, it is important to note that the entire altcoin market took a hit in April. It has given investors the perfect opportunity to accumulate tokens ahead of an inevitable Cardano bull run.
Cardano Price Prediction 2019 – Cardano Price Prediction 2020 – Current Price Of Cardano
There are many positive fundamentals surrounding the Cardano blockchain and ADA price prediction. Just after the Cardano team announced an updated Shelley roadmap, price of Cardano ADA surged against the USD. The Cardano Shelley update is going to make the Cardano blockchain 100% decentralized. It is going to allow various stakeholders to receive funds automatically as well as increase interaction among community members.
At the time of writing, the price of Cardano ADA was $0.069639. This means that it is up by 1.96% against the USD and down by 0.78% against the price of Bitcoin. The trading volume over a 24 hour period is $53,686,373 and the market capitalization is $1,805,548,066. Members of the Cardano community are already accumulating. So, if you’re looking for a token to add to your portfolio, you should consider adding ADA as it is a good investment short and long-term.
What do you think about our Cardano price prediction 2019 and Cardano price prediction 2020 in our Cardano ADA news today. Is Cardano ADA a good investment? Share your thoughts in the comment section below.