Cardano ADA Price Set To Surge After Establishing A Bottom, When Should You Buy Cardano ADA?

A trade recommendation isn’t an exact science. It is based on technical and fundamental analysis. As time passes, these variables may change. Cardano ADA is one of the most recommended cryptocurrencies for traders in the space. Ever since the price of Cardano ADA hit a $0.025601 low on the 7th of December, it has been moving higher against the USD. The price of Cardano ADA started showing signs of a surge against the USD and the Cardano price prediction 2019 became extremely bullish in the beginning of the year. In our Cardano news today, we will talk about why Cardano ADA is a good investment option and when you should buy Cardano to benefit from it.

Cardano ADA Price Prediction – Cardano ADA Price Analysis – Cardano ADA News Today – Trade Recommendation – ADA

Cardano price prediction 2019 and Cardano price prediction 2020 are bullish against the USD for several reasons. The most obvious reason is the upcoming Cardano Shelley upgrade which is set to change the game for Cardano permanently. With Shelley, the Cardano network will become 100% decentralized and would be capable of taking Ethereum’s place as the best decentralized computer in the world. This would create more adoption for Cardano and, in extension, ADA. Yesterday, Cardano had signs of a reversal and it fell lower against the USD. Buyers started accumulating to benefit from the inevitable Cardano ADA bull run per our previous Cardano ADA news.

The price of Cardano ADA has reached the oversold region. This means that a bullish breakout is on the way. At the time of writing, a single unit of ADA cost $0.067058. This means that it is down by 3.39% against the USD and down by 2.96% against BTC. The trading volume over a 24 hour period is $68,308,728 and the market capitalization is $1,738,629,973. Traders can buy now and wait for the price to surge or they can wait for Cardano to test the support at $0.06500 before buying.

Cardano Price Prediction 2019 – Cardano ADA News – ADA News – Cardano Shelley To Change The Game For ADA

When the team behind Cardano announced an updated Shelley roadmap, the price of the ADA token spiked by more than 10% against the USD. This is because the Cardano community has been waiting for the Shelley roadmap for a while now. Also, the team gave details about what everyone should expect with Shelley. If the release of the Shelly roadmap alone was enough to lead to a surge in the price of ADA, what will happen after it is fully implemented? Definitely, there will be a more sustainable surge in the price of ADA.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.039-5.84%

The Cardano price prediction 2019 and Cardano price prediction 2020 are bullish against the USD. Before the end of the year, the price is Cardano may move as high as $2. By the end of the year 2020, ADA price may be above $5. So, it is beneficial for long and short-term traders despite the current trend in the market.

What do you think about the Cardano price prediction in the Cardano ADA news today? Will the price of Cardano ADA move higher before the end of the year or will the bears continue to prevail? 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.

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