In this article, ChangeNOW will break down the basics of Cardano cryptocurrency and make a prediction on the ADA future price. We base our opinion on the currency market chart analysis, opinions of cryptocurrency influencers and our own analytical projections.
What is Cardano?
Cardano is a peer-to-peer blockchain based protocol with multiple purposes – running DApps, make contracts, digitalize real-world assets and so on. You may think that the description seems an awful lot like Ethereum, but Cardano developers disagree. As they say, their product is much more versatile due to Cardano having several layers. For example, transactions take place on one layer, Smart Contracts are being executed on the other. Having multiple work surfaces makes the platform faster and more efficient.
Cardano was started in 2015 with a goal of bringing the change to the daily life of users with. As the developer team claims, they bring a new level of comfort by making all the common activities accessible in one phone application.
Cardano price prediction 2019
Cryptocurrency market is a highly volatile space, so making cryptocurrency price predictions is generally a challenging task. However, ChangeNOW made short-term and long-term Cardano price projections, basing our opinion on the current market state, ADA price charts and already-existing Cardano value predictions. The current Cardano price chart is provided below.
According to the cryptocurrency experts, Cardano has the potential to grow by 4 times approximately – this will make the abovementioned crypto worth about $1. However, this prediction has already been around for quite a long time. Not to mention that it existed even before the infamous November market crash. We did not see too much bullishness in the ADA price lately. However, some of the crypto world influencers stay optimistic in their forecasts. Several opinions even state that Cardano price might reach a point as high as $4.
Finder.com states that ADA might break $3.75 by the end of this year (a bold statement for sure). We at ChangeNOW suppose that even if ADA manages to reach $1, it will bring great returns to the investors.
1.4 is almost out, testnet has been released, rust cardano is making epic progress, the haskell re-write is underway, plutusfest in a few days, Emurgo is growing and the Foundation will soon re-awaken from its long slumber. Cardano’s future is looking very bright!
— Charles Hoskinson (@IOHK_Charles) December 7, 2018
Cardano price prediction 2019 seems fairly positive, too –if you put aside the idea of $1 point break, the coin will definitely be at a $0.320 mark at the beginning of the year. Towards the end of 2019, Cardano price projection estimates reaching a $0.40 point.
Long-term price forecasts are sure harder to make, but with Cardano being the third-generation cryptocurrency and its potential future partnerships we can say, that ADA is the crypto-coin to be looking forward to in the next 5 years. Blockchain solutions for real-life problems gain more popularity, so Cardano has a good chance to grow. The benefit of Cardano is also in its strong and supporting community – see the activity on social networks to witness. The founder of Cardano also believes in the brightest future of the platform and its native crypto – what can we say, we will monitor and wait!