Is Cardano (ADA) Worth The Investment? Here’s Why You Should Consider Investing In Cardano (ADA)

Cardano news today – Cardano has gained a lot of popularity in the past few months. Many people in the cryptocurrency space who initially didn’t know anything about the blockchain have started looking into it thanks to the hype around the Cardano Shelley upgrade. Since the beginning of the year, the entire cryptocurrency community has been talking about the Cardano Shelley upgrade and what it means for Cardano and ADA. Cardano Shelley aside, is Cardano worth the investment? Is the Cardano price prediction 2019 bullish or is this just a temporary surge?

Cardano News Today – Cardano Price Prediction 2019 – Is Cardano Worth The Investment?

Cardano was launched in 2017 precisely on the 29th of September. Since then, the cryptocurrency behind the Cardano blockchain, ADA, has gained a lot of attention and spike in price. As at January, ADA was the 11 largest cryptocurrency per market capitalization. Today, it is the 10th largest cryptocurrency. This is all thanks to the hype surrounding the Cardano Shelley upgrade. It’s important to keep in mind that just a few months after the Cardano project was launched, the token became the 7th largest per market capitalization.

Cardano (ADA) Price Today – ADA / USD

Name Price24H (%)
Cardano (ADA)
$0.051860
-11.77%

Just like Ethereum, the Cardano blockchain can be used to host decentralized apps and smart contracts. So far, it has gained a reputation as one of the Ethereum killers in the blockchain space. It is one of the most advanced open-source projects in the world and with the Cardano Shelley upgrade, it will have what it takes to become the foremost decentralized computer in the world. It can do everything that Ethereum can do but it is faster and more decentralized.

Cardano is among the next generation blockchains and its founder, Charles Hoskinson, made sure that it was an improvement of Ethereum and a direct competition to Bitcoin. Unlike these two blockchains, the Cardano blockchain is based on a scientific philosophy, focused on regulatory compliance, blockchain scalability, and cross chain integration. Using the Cardano ADA token is cost effect, eliminates third parties, eliminates risks of fraud, and cuts transaction fees.

Cardano News Today – Cardano Blockchain – Cardano Latest Update – Current Price Of Cardano ADA

Over the last few days, the price of Cardano ADA has been on a bull run. It has smashed several resistances and is heading towards the next key resistance. At the time of writing, the price of the Cardano ADA token was $0.093515. This means that it is up by 2.15% against the USD and up by 0.41% against the BTC. The trading volume over a 24 hour period is $158,029,296 and the market capitalization is $2,424,560,358. In our previous Cardano price prediction 2019, we noted that the price of ADA has the potential to move as high as $0.900 before the end of this year.

Back to the question; is Cardano a good investment? The answer is yes. So far, the Cardano blockchain has proven efficient and the ADA token has the potential to rise significantly. However, keep in mind that altcoins are highly volatile. There is no way to determine what the next few years will bring. So, make sure you only invest money you can live without. Also, be prepared to lose everything you invest if the tides suddenly change.

What do you think about the Cardano price prediction 2019 in our Cardano news today? Is Cardano a good investment? 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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