Cardano (ADA) is Trading in The Red Despite An Overall Green Market, Is this A Buy Signal?

cardano ada price

Cardano (ADA) is one of the most active projects in the blockchain space. Cardano provides one of the most useful blockchains in the industry, and a lot of developers are thankful for this. While there are lots of developments and progress around the blockchain project, the price of Cardano (ADA) hasn’t been really impressive.

Cardano price prediction 2019 has attracted many digital asset investors, but the current price of Cardano isn’t what they were expecting. However, Cardano still has the potential to test new highs in the short-term. The short-term Cardano price prediction is bullish enough and there are other positive buy signals around the coin. Will the price of Cardano recover? Is Cardano one of the best cryptocurrency to invest in 2019?

Charles Hoskinson Pushes for More Cardano Adoption and Partnerships – What’s the Impact of This on Cardano Price Prediction 2019

The founder of Cardano and CEO of IOHK – Charles Hoskinson – has been strongly behind the blockchain project. He is a very outspoken bull and he has taken the crypto project to a great height. Recently, the CEO announced the launch of Atala. This was disclosed by Rachel Wolfson – Forbes contributor. According to the announcement, Atala is an enterprise blockchain that is designed to help governments in developing nations to create systems for property registration, voting, and supply chain.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.043-4.05%

The CEO announced the launch of the project on the 30th of April, and the project is similar to the open source Hyperledger Fabric of IBM. Atala will come in very handy for governments that want to create digital systems for public goods, including localized currencies. Atala will serve as a framework and it comprises a group of libraries which would enable governments to create products for end users as quickly as possible.

Cardano (ADA) To See Increased Adoption in Africa – What Will Be the Price of Cardano After this?

According to the announcement, Atala aims to help governments in developing nations, especially Africa. The Ethiopian government will be the first to use the system. They want to use it to create a payment system in Addis Ababa – the capital of the country. If the first use case of the system goes smoothly, it will be introduced to other countries in Africa.

As the deployment and use cases of this system increases, the adoption of Cardano (ADA) will also increase. This will result in an increase in the price of Cardano (ADA).

Cardano Price Analysis – Cardano Price Prediction – Cardano Price Forecast – ADA USD Live Price

Many digital asset investors and traders consider Cardano to be one of the best cryptocurrency to invest in 2019. This is because they believe in the potential of the digital currency and the bullish Cardano price prediction 2019. The price of Cardano (ADA) is currently hovering around the $0.0692 level. The immediate support of the coin is at the $0.0620 level. On the upside, the immediate hurdle of the coin is at the $0.0750 level.

The price of Cardano (ADA) has the potential to rise as high as $0.2 in the next quarter and $0.9 by the end of this year. If ADA USD live price breaks over its major resistance level, it might hit the $0.1 level by the end of this month.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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