Cardano News Today – Cardano is one of the top cryptocurrency projects out there that has numerous use cases. Unlike Bitcoin which has limited use cases, the Cardano blockchain can be used to host smart contracts, and decentralized apps. The ADA token, can also be used as a medium of exchange or as a store of value. Over time, the ADA token has slowly gotten visibility and its position on CoinMarketCap has been increasing. This year, thanks to the Cardano Shelley upgrade and expansion plans by the Cardano Development Foundation, the Cardano price prediction 2019 has been bullish. True, there have been some negative sentiment in the market but this doesn’t mean that the Cardano price prediction 2019 is no longer bullish.
Cardano News Today – Cardano Price Prediction 2019 – Cardano Has A Bright Future And Weiss Ratings Can Testify
Weiss Ratings, the popular platform that rates cryptocurrencies according to certain variables, recently noted that the Cardano blockchain has a bright future and can potentially overtake EOS. This isn’t the first time the platform is saying positive things about Cardano and the information is backed by technicals and fundamentals. With the Cardano Shelley upgrade alone, the Cardano blockchain will have what it takes to overtake Ethereum. Ethereum is the leading decentralised computer and it is ahead of EOS. The Twitter post by Weiss Ratings was as follows;
“#ADA’s commitment to high-assurance code and thorough testing before release means its #dApps will rest atop a solid foundation. Emphasis on security while transitioning to #PoS is unique to the project. These features may ensure its sustainability & market dominance.#Cardano.”
The tweet only confirmed what everyone in the cryptocurrency community has known for a while now, Cardano has a bright future. In the next few months, and especially after Cardano Shelley goes live on the mainnet, the price of Cardano ADA is expected to surge higher against the USD.
Cardano News Today – Cardano Price Prediction 2019 – Current Price Of Cardano ADA
Today, the Cardano ADA token is trading at $0.083286. This means that it is down by 6.03% against the USD and up by 1.67% against the price of BTC. The trading volume over a 24 hour period is $163,033,624 and the market capitalization is $2,159,353,403. In the morning, it opened at $0.0899 but slowly fell against the USD. Yesterday, the coin traded around $0.088 in the beginning of the day and fell as low as $0.083 before it subsequently started recovering. It managed to move as high as $0.089 before the end of trading.
Cardano (ADA) Price Today – ADA / USD
In the next few months, the price of Cardano ADA will most likely surge higher against the USD. In our previous Cardano price prediction, we noted that the price of the token has the potential to rise by up to 100%. However, it is important to note that the general sentiment in the market is going to play a major role in determining the price of the token. So, if the market sentiment is positive, the price of the token will have the support it needs to surge higher. Even if the 100% surge in our Cardano price prediction 2019 doesn’t happen, the token still has a bright future and may reach the $1 level before the end of the year 2020.
What do you think about the Cardano price prediction 2019 in our Cardano news today? Share your thoughts about the ADA price forecast in the comment section.