Price Prediction

Cardano [ADA] Price Prediction: Will ADA Ever Reach $10?

One of the top questions asked by crypto enthusiasts is how a particular coin or token would perform in the future? This has become a norm as many within the space have had to invest in one crypto or the other. And for this reason, speculations around cryptocurrencies have become a business of the great crypto ecosystem. 

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As an investor, if your question today concerns Cardano, apart from the numerous Cardano news that you can find out there, we at Coinpedia are only happy to provide you with the latest info and accurate prediction about the future price of ADA. 

We hope to satisfy every curiosity with our Cardabo future price prediction like we have done for many other cryptos in recent times.

 

What is Cardano?

Cardano is a decentralized public blockchain and cryptocurrency project and is a fully open source. Cardano is developing a smart contract platform that seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers

Cardano [ADA] Price Today

Cardano [ADA] is up by 2.3% for the last 24 hours. This continues the progressive price gain the coin has experienced within the last 30 days, altogether summing up to around 46%.

The coin is currently trading at $0.081 while gaining around 1.4% within the last hour. Its market sentiment is overly bullish as 87% of spectators on coingecko voted bullish on ADA.

At its current price, ADA has an exchange volume of $238 million over the last 24 hours as market capitalization stands $2.53 billion.

Cardano [ADA] Technical Analysis

Cardano [ADA] first appeared on an exchange in October 2017. At the time, the coin was worth only a few tens and barely had any market activities. However, the ongoing bull markets of 2017 paved a way for ADA’s recognition, and the cryptocurrency saw a little push up the charts. By the end of 2017, ADA was already changing hands at around $0.125.

By January of 2018, Cardano [ADA] was already trading at $0.25. The markets were still in a full-blown bull run and this escorted the price significantly towards its All-Time-High (ATH) of $1.20 by the middle of February. However, later in February, a little price drop occurred which plunged ADA’s price towards $1.17.

The markets later swang into a full-blown bear mode and by March of 2018, ADA price was back at around $0.20. The plunge paused and the market seemed to contemplate a reversal. However, the selling trend resumed by around April, and prices kept declining steadily. This brought ADA trading at $0.125 again until the end of the year.

ADA was consolidating throughout 2019. The cryptocurrency barely changed prices significantly from the $0.2 area. This sideways movement would sometimes escort price up towards $0.3 and later back down to $0.25. This range-bound price action was ADA’s price history of 2019 and this has persisted until now.

Cardano [ADA] Price Prediction 2020

Cardano [ADA] began the year on a bearish note. This was the aftermath of the consolidation seen throughout 2019. By January, the cryptocurrency was trading around $0.044 and was getting ready for a short term bull run. 

A progressive price increase stretched ADA through February and by the end of the month, the coin had surpassed $0.07. Trading action into the month of March dropped ADA’s price a bit downwards. The first wave of the bear market saw prices trading at $0.06 by the first week of March. 

By the middle of March, prices continued to drop until it bottomed at $0.02. Ever since there’s been a steady flow until now. 

By the end of the first quarter, prices had surged gallantly to $0.06 level. Into the second quarter, the price surge continued until the price had touched $0.09 per unit. A stiff resistance at the $0.1 level has kept the coin under the level until the present. 

Cardano coin has great potential. By the end of 2020, the cryptocurrency is expected to rise as much as $0.1. This very conservative price prediction may prove accurate, however, the cryptocurrency has great opportunities to perform excessively better by the end of 2020. 

Cardano [ADA] Price Prediction 2021

Major price predictions specialists have a convergent opinion that ADA will see around 200% rise of its current price by 2021. By the end of the year 2021, each ADA coin is expected to be trading at $0.3.

Cardano [ADA] 5 Years Price Prediction

In 5 years’ time, the price of ADA may be trading close or higher than its All-Time-High (ATH) price of $1.2. This is expected due to inbound project development. Also, as mass adoption takes effect, more global users will push institutional money into the ADA project which may have a great influence on price moving forward. 

Cardano [ADA] Market Prediction

  • LongForecast : LongForecast gives a modest ADA price prediction of $0.05 in 2020. According to these experts, the coin will reach a price of $0.09 later on in the years following.
  • TradingBeasts: TradingBeasts are a bit bearish in their 2020 ADA price reduction. According to them, $0.06 in 2020, then $0.08 in the years beyond. 
  • CryptoGround: CryptoGround also contributes identical conclusions and growth predictions, reaching $0.06 in 2020 and $0.08 before the end of 2024.
  • DigitalCoinPrice: DigitalCoinPrice anticipates an upside price movement for ADA. The experts point to higher prices of around $0.20 by 2026.
  • CoinFan: CoinFan has a price prediction of around $0.19 for each ADA by the end of 2020. $0.45 in 2025

Our Cardano Price Prediction

Due to a multiplicity of bullish technical analysis, we provide an incredibly strong Cardano coin price prediction of $0.5 per ADA in 2020. It may then proceed to reaching $1 by 2021 and prices may double in value in the future. Many similar predictions also exist on Cardano Reddit handles and similar mediums. 

Cardano [ADA] Cardano News

DAEDALUS Cardano Wallet

In this Cardano news, the team successfully launched Daedalus 1.1.0. The Cardano news updated this week, explaining that the team focused on the initial Daedalus release for the Shelley Testnet. The team announced work on the enactment of the hardware wallet support which is nearly complete. 

ADRESTIA (NODES)

Cardano Adrestia team announced recently that they have been working on initial integration of the Cardano node in Shelley mode. This Cardano news was updated alongside that of the wallet update. 

DEVOPS

The DevOps team recently assisted the deployment of a new explorer version. This Cardano news was released recently, explaining that the new development was done alongside helping the Friends and Family testnet development team with IOHK stake pool registration. At the time, Cardano Reddit and many other Cardano forums had been updated with the development. 

FAQ’s

How was Cardano funded?

Cardano was funded from a token sale event that took place between September 2015 and January 2017.

What is ADA?

This is the native cryptocurrency on the Cardano blockchain.

Who is the team behind Cardano?

There are three organizations which are contributing to the growth of Cardano. They are Cardano Foundation, IOHK, and Emurgo.

Can Cardano Hit $10?

Based on inbound development, ADA is expected to grow much more than $10.

Summary
Cardano [ADA] Price Prediction: Will ADA Ever Reach $10?
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Cardano [ADA] Price Prediction: Will ADA Ever Reach $10?
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As an investor, if your question today concerns ADA price, Coinpedia are only happy to provide you the latest info and accurate Cardano Price Prediction.
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Dare
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https://coinpedia.org/
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Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

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