Analyst Predicts That Cardano ADA Will Surge To $1.5 As Cardano Starts Rallying Upward On CoinMarketCap

Cardano ADA news for a while has been about how the price of ADA would be affected by the upcoming Cardano Shelley upgrade. The Cardano price prediction 2019 and Cardano price prediction 2020 have been bullish since the beginning of the year. However, the short-term price action of Cardano was bearish for some days. In our Cardano ADA news yesterday, we mentioned that the price of Cardano ADA lost a crucial support against the USD and was either going to move lower or surge higher. Today, the price of Cardano started surging against the USD.

Cardano ADA Price Prediction 2020 – Cardano ADA Price Prediction 2019 – Cardano ADA News Today – Cardano Joins The Bitcoin Bull Run

The Bitcoin bull run has been ongoing for days now. However, the intensity increased about two days ago when the price of BTC hit $6000 for the first time since November. While the price of Bitcoin was surging significantly against the USD, altcoins were recording little to no gains. Cardano ADA was even recording loses. At the time of writing Bitcoin was trading at $6,408.10. This means that it is up by 4.92% against the USD with a trading volume of $19,358,670,998 and a market capitalization of $113,378,666,832. If the bull run continues, the price of Bitcoin may hit $10,000 within the next two weeks.

Cardano (ADA) Price Today – ADA / USD

Name Price24H (%)
Cardano (ADA)
$0.058629
-3.93%

At the time of writing, Cardano ADA was trading at $0.062856. This means that it is up by 3.14% against the USD but still down by 1.50% against the price of BTC. The trading volume over a 24 hour period is $84,920,125 and the market capitalization is $1,629,675,768. Cardano ADA only started recovering against the USD this afternoon after trading in red for days. Even if it has joined the bull run late, there is still a high chance that the price is going to keep improve short-term.

Cardano Price Prediction 2019 – Cardano Price Prediction 2020 – Cardano To Hit $1.5 In The Next Few Months

According to a Cardano price prediction 2019 on CryptoNewz, the price of Cardano ADA is going to surge higher against the USD before the end of the year. Thanks to the Cardano Shelley upgrade and other ongoing developments, the price of ADA is going to move as high as $1.5 according to the article. While this figure seems realistic, it is important to remember that the cryptocurrency market is unpredictable long-term. There is a chance that Cardano would get to this level, cross this level or fall below it’s current level by the end of 2019. Anything is possible so all we can do is wait and see. The $45 Cardano price prediction is also possible.

What do you think about the Cardano price prediction 2019 and Cardano price prediction 2020 in our Cardano news today? Share your thoughts about the price of ADA in the comment section.

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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