What Does The Recent Cardano Price Rally Say About The Future Of Ada? Is A Surge To The $1 Level Happening Anytime Soon?

Cardano news today – Yesterday, Cardano ADA price surged significantly against the USD outperforming Bitcoin, Ethereum and other top cryptocurrencies. It reached a high of $0.090 per our previous Cardano price prediction 2019. It wasn’t until after surging almost throughout the day that the price of ADA pulled back briefly to gather more momentum. When the Cardano bull run resumes, the price of ADA will most likely hit the $0.100 level again. The upcoming Cardano Shelley upgrade, the general positive sentiment in the market, and some other positive announcements by the Cardano development team all contributed to the surge in the price of ADA.

Cardano Price Prediction 2019 – Cardano Cardano News Today – ADA Latest Update – Cardano ADA Surges Significantly Confirming The Bull Run To $1

The entire cryptocurrency market has been on a bull run for weeks now. Cardano had been able to outperform many altcoins because of the anticipation surrounding the Cardano Shelley upgrade. Unlike other blockchains, the Cardano blockchain depends on a systematic and scientific approach of development. A few months ago, when the co-founder of Cardano, Charles Hoskinson announced the latest update for the Cardano Shelley, the price of Cardano spiked significantly against the USD and ADA was able to overtake Tron Trx as the 10th largest cryptocurrency per market capitalization. It wasn’t until yesterday that Tron Trx was able to reclaim that position for a while.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.029

According to the Cardano development team, the Cardano Shelley upgrade is going to add new features to the blockchain. The blockchain will be made 100X more decentralized than Bitcoin and it is going to gain mass adoption because of this. With a testnet of Cardano Shelley set for launch in June, it’s not a surprise that the buy action for Cardano is growing stronger and stronger every day. The Cardano Shelley will be activated on the mainnet by the end of 2019.

Some of the features of Cardano Shelley include user-friendly transactions and addresses, a lot of technology updates, proof-of-stake consensus mechanism, paper wallets and many more. The road to Cardano Shelley saw other upgrades first. There was Goguen, Basho, and Voltaire. All these upgrades provided a wider language framework that would improve security, make communication more efficient and improve scalability.

Apart from the Cardano Shelley upgrade, the Cardano Foundation also announced its expansion plans in Africa and Asia per our previous Cardano news. It is also entering into strategic partnerships. The goal is to become the foremost decentralized computer in the world just like Ethereum.

Cardano News Today – Cardano Price Prediction 2019 – Current Price Of Cardano ADA – Cardano News Today

In one of our Cardano price predictions, we noted that the Cardano ADA token has what it takes to hit $1 before the end of the year. The price action yesterday increases the chances of this price surge significantly.

At the time of writing, the price of Cardano ADA was $0.086952. This means that it is down by 2.44% against the USD and down by 0.20% against the price of Bitcoin. The trading volume over a 24 hour period is $168,107,633 and the market capitalization is $2,254,419,121. The bulls are still in play and the price is expected to surge soon.

What do you think about the Cardano price prediction 2019 in our Cardano news today? Share your thoughts in about the current price of ADA 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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