Vera Thornpike

Cardano Price Analysis 2019 – How Long Will It Take ADA to Reach $1.30? Why Should Investors Keep Tabs on ADA?

Cardano price analysis 2019 by crypto experts – Is it possible to hit the $1 mark again?
Cardano Price Analysis 2019 – How Long Will It Take ADA to Reach $1.30? Why Should Investors Keep Tabs on ADA?
You may also like:
Contents

Providing the advantages of both Ethereum and Bitcoin, Cardano has gained a good reputation and now is the 11th world cryptocurrency that’s waiting for a bull run to gain in price. Is it realistic for ADA to climb from the current price of $0.04 to its previous record of $1.30 and higher within a year? Here’s what forecasts state.

Cardano price predictions 2019

The crypto market is witnessing an uptrend: cryptocurrencies seem to have started recovering from the crypto winter and strengthening their position. ADA reached its maximum in January 2018 when its price got to $1.30 – an enormous jump back then.

Recently, Cardano’s performance was heavily affected by the bearish crypto market:

Cardano became a victim of the bearish downtrend like other cryptocurrencies did
Recent Cardano performance

Is there any chance for it to repeat the success?

  1. According to 30rates.com, ADA will be steadily climbing up and reach the price of $0.55 in March 2019. It’s far from the $1 target but seems to be realistic.

  2. Pedro Bernardo, an author from Oracletimes.com, is convinced that ADA will reach at least $1.50 by the end of 2019. The growth will be driven by Cardano implementation in Japan: they want to install Cardano-powered ATMs accepting fiat currency in exchange for ADA tokens.

  3. Aamir Kapoor from the Theoofy.com website has his own view of Cardano’s future. He suggests that ADA will hit the $1 value in early 2019 and easily reach $1.32. Considering the fact that Cardano is popular among investors and is now used for dApp creation, it provides a superb technology. Besides, the developers of the Trezor hardware wallet have announced they’re going to include ADA support soon.

  4. According to longforecast.com, Cardano’s projection for 2019 is $1.89. It’s based on technical analysis.

  5. However, not all calculations are the same. For example, the Wallet Investor technical analysis website is less optimistic: it states that ADA is expected to fall to $0.0139 by the end of this year, which makes it a bad investment.

Other sources provide the following information:

Wallet Investor provides various Cardano price predictions
Cardano price predictions from different sources

 

As usual, Smartereum.com remains one of the most optimistic prediction sources: it states that Cardano might reach $10 in 2019. Vitalik Buterin, CEO and founder of Ethereum, doubts that the crypto market will ever witness 1,000% growth as we saw earlier. However, a 100% price boost within the following month is still possible.

What will make Cardano grow?

There are several factors that will boost ADA’s further development:

  • Use of the Haskell programming language for building blocks is considered to be a very secure practice.

  • Ease of use. Cardano offers its own wallet called Daedalus. It provides a way better experience and offers wallet addresses that can be readable for humans.

  • Cardano plans to install ATMs around the world, starting with Japan.

  • Cardano aims to make minimal transaction fees even for complicated smart contracts.

  • Instead of improving the system by so-called ‘hard forks’, Cardano developers plan to upgrade the system with soft forks instead. Those are backward-compatible updates, so users can decide whether they want to leverage them.

  • Cardano works in conjunction with such organizations as the Input Output Hong Kong (IOHK) technology engineering company and Emurgo (it will help to integrate the Cardano blockchain in businesses).

Thus, Cardano has the chance to reach the $1 mark and move further. Right now, it may be the right choice for investors, though they shouldn’t expect overwhelming 1000% gains just yet.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
6456 views
👓 Recommended articles
something-wide
something-wide
Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
You may also like:
Contents

Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

BTC/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Join our Telegram channel to get news even faster!
158 views
👓 Recommended articles
something-wide
something-wide