Cardano (ADA) Price To Surge By 100% After The Cardano Shelley Activation According To Latest Analysis

Cardano News Today – Cardano has been on the headlines for many months now because of the highly anticipated Cardano Shelley upgrade. The anticipation surrounding the upgrade and the positive sentiment in the general market allowed the price of ADA to surge by more than 105% since the beginning of the year per our previous Cardano news. Well, according to the Cardano ADA price prediction on CCN Markets, the cryptocurrency is still going to rise by more than 100% after the Cardano Shelley upgrade is activated. Will the price of Cardano ADA rise by 100% after the Shelley upgrade or is this a baseless Cardano price prediction 2019?

Cardano News Today – Cardano Price Prediction 2019 – ADA/USD Price Prediction – Cardano ADA To Surge By 100%?

As stated in our previous Cardano news, Cardano is one of the blockchains that can potentially push Ethereum out of business. It is a decentralized computer that does everything Ethereum does and more. With the Cardano Shelley upgrade, the team behind Cardano believe that the blockchain is going to finally have the edge it needs to become the foremost decentralised computer in the world. The Cardano community is excited about the changes that the Cardano Shelley upgrade will bring and they are determined to see it through.

Cardano (ADA) Price Today – ADA / USD

Name Price
cardano
Cardano
$0.047-0.36%

Taking to Twitter, one reputable member of the cryptocurrency community with the handle Beastlorion predicted that the price of Cardano ADA is going to surge significantly after the Shelley upgrade. According to him, the price of Cardano ADA will rise by more than 117.72% after the Cardano Shelley upgrade is complete. This means that Cardano ADA will test $0.197288 in the next 26 days. However, before Cardano ADA can record such massive gains, it must surge above the resistance at $0.096353.

The Cardano price prediction is supported by the technical indicators. There is an inverse head and shoulder pattern that is visible on the daily and weekly chart. This trend has been visible for more than ten months giving Cardano ADA the perfect opportunity to build a base. The fact that it has taken this long to build a base proves that the prediction is most likely going to come true. This is because there is a high possibility of a breakout occurring and it’s going to be a strong break out that may double or even triple the current price of ADA.

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

At the time of writing, the price of Cardano ADA was $0.089506. This means that it is down by 0.80% against the USD and down by 1.45% against the BTC. The trading volume over a 24 hour period is $120,217,970 and the market capitalization is $2,320,625,019. Right now, it is crucial that the ADA token gains enough momentum to move above $0.096353 to break the bearish barrier and gain more near-term. This is the only way the recent Cardano price prediction 2019 will come true.

What do you think about the Cardano price prediction 2019 in our Cardano news today? Can the price of ADA surge by more than 100% After the Cardano Shelley activation? Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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