The price of Cardano ADA was bleeding out almost throughout last week. Even as the Bitcoin bull run started and the price of BTC recorded incredible gains, Cardano was recording loses against the USD per our previous Cardano news. It wasn’t until this morning that the price of Cardano ADA started rising significantly against the USD. It was trading at a similar pace with Litecoin, Bitcoin Cash, and EOS with double digit gains. Now, a new Cardano price prediction 2020 has emerged and it places the price of Cardano ADA at $20 by the end of 2020. The analyst also gave a Cardano price prediction 2019 that places the price of ADA above $1.32 by the end of the year.
Cardano News – Cardano Price Prediction 2019 – Cardano Price Prediction 2020 – ADA/USD – Cardano ADA Joins Bitcoin
Bitcoin BTC started surging about five days ago and it has been able to maintain the bullish momentum since then. Altcoins did not join the rally until this morning and Cardano recorded the most significant gains. It is currently trading at $0.073350. It is up by 16.82% against the USD and up by 7.90% against the price of BTC. The trading volume over a 24 hour period is $132,294,678 and the market capitalization is $1,901,738,780. At this rate, the price of Cardano will cross $0.0800 before the end of trading today.
Cardano (ADA) Price Today – ADA / USD
Regarding the future Cardano price prediction, the cryptocurrency has gotten the attention of mainstream technology space thanks to the Cardano Shelley upgrade and the partnership with Ledger Nano S. More investors will likely look into the project. This will promote mainstream adoption and contribute to a rise in the price of Cardano ADA. According to the the Cardano price prediction 2019 on CryptoNewz, the smart contract platform and decentralized app platform has been able to gain popularity in the space due to its unique approach. The Cardano blockchain is based on a scientific philosophy and the proof-of-stake consensus mechanism which is more scalable than many blockchains that have the same functions.
Since the beginning of the year, the price of Cardano has experienced a steady increase. From January to mid-March, it was increased steadily moving from 0.040 to 0.052. It was in the first week of April that the bulls took control of the market and the price experienced a surge above $0.7000. Since then, the price of Cardano ADA has been losing gains slowly. At its peak, the price of Cardano was as high as $1.33. By the end of this year, Cardano will most likely retest this level if the bull run continues. Since the price is still affordable, this may be a good time to buy the cryptocurrency in bulk
Cardano Price Prediction 2020 – Future Price Of Cardano ADA – Cardano ADA News Today
Fundamentally, the price of Cardano ADA has what it takes to keep moving higher throughout the year. The only thing that may stall the upward movement is a negative sentiment in the market. If the general market sentiment becomes negative, the price of Cardano ADA may suffer along with other altcoins. Otherwise, the price of Cardano is going to hit $20 by the end of 2020 or in the next two years.
What do you think about the Cardano price prediction 2019, Cardano price prediction 2020 and the current price of Cardano ADA? Will the bull run continue?