Is This The End Of The Road For Cardano (ADA)? ADA Slumps As Bearish Pressure Intensifies, Is Cardno Shelley Still The Hope For ADA?

Cardano News Today – In the beginning of the year, the Cardano community was certain that the Cardano Shelley upgrade would be the game changer for ADA. Apart from the fact that it would make the Cardano blockchain 100 times more decentralized than Bitcoin, it is also going to make other changes on the Cardano blockchain that will all eventually encourage a surge in price. True, the Cardano Shelley project created a lot of buzz in the cryptocurrency market. At the time, the price of the ADA token benefited from all the anticipation rising as high as $0.1000 against the USD per our previous Cardano price prediction 2019. So, what happened to Cardano ADA?

Cardano News Today – Cardano Price Prediction 2019 – Cardano ADA Falls Below $0.0900 Even With Cardano Shelley Mainnet Activation On The Way

A few days ago, during an interview with Cryptoglobe, the founder of Cardano, Charles Hoskinson, reassured the public of his motives and the goal of the Cardano Foundation. However, he admitted that developing software isn’t easy, especially when it is based on the principles that guide Cardano. He acknowledged that things haven’t been easy but that even with the extra competition from companies like Facebook that are targeting the emerging markets, the Cardano team isn’t feeling threatened. In his words;

“Since 14 July, 2017, the Foundation has, in effect, been controlled by Mr. Parsons. He has been acting as the Foundation’s de facto sole decision-maker in respect of the day-to-day business of the Foundation and ruling its staff like a monarch. For more than 15 months, there appear to have been no reasonable attempts to fill the 2 council vacancies. There appears to be no oversight and there appear to be no checks and balances beyond those required by Swiss law. I am not entering a market and looking to extract value from people. Facebook has to come into countries it doesn’t know a lot about and convinces them to enslave themselves to an economic monopoly and give nothing in return. And their only pitch is that you’ll pay less on fees.”

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

At the time of writing, the price of Cardano ADA was $0.082635. This means that it is down by 0.89% against the USD and down by 7.47% against the price of BTC. The trading volume over a 24 hour period is $184,757,716 and the market capitalization is $2,142,483,748. In our previous Cardano news, we said that the price of Cardano ADA was going to move by 100% after cardano Shelley is activated on the mainnet. However, with the current price action of ADA, things aren’t looking up.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.058-2.08%

To be fair, Cardano ADA isn’t falling in isolation. The current bearish sentiment in the market is affecting every other cryptocurrency in the market. Some analysts claim that the Bitcoin bubble has burst and more declines will come near-term. For now, it’s difficult to determine how low the price of Cardano will go but a market-wide recovery will be beneficial to ADA too.

What do you think about the Cardano price prediction 2019 in our Cardano news today? 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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