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

  • Vera Thornpike
    📈 Price Predictions

    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?
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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.

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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.

Cover image via u.today
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TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?

  • Denys Serhiichuk
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    It looks that buyers are fixing their positions. In this regard, is that a chance to buy or we need to follow the general market mood?


TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?
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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.

Contents

The situation on the cryptocurrency market has not changed a lot comparing to Thursday. Prices of most coins out of the top 10 have been reduced, however, there are 2 exceptions from the rule. Binance Coin and Litecoin are those ones that keep going up when other coins are ’’relaxing’’.   

Especially it is remarkable for BNB, whose rate has exceeded $20.


BTC’s domination rate is stagnating and now constitutes 52%.

BTC/USD

Friday, Apr. 19 has started for the main cryptocurrency with a red bullish candle, pushed down BTC from $5,274 to the $5,200 mark. Currently, the quotes are trading in the $5,200 - $5,250 corridor.

BTC/USD chart by tradingview

Yesterday, the main cryptocurrency managed to overcome the resistance of the Fibonacci level and tested the mark of $5,276 (61.8%).

If today we manage to return to this level, then the path to the $5,300 mark is possible. The target level of bulls will be reached, after which a pullback will start to fix positions.

On the whole, the BTC maintains an upward priority, but in the coming days, a flat range is also possible.

The price of BTC is trading at $5,256 at the time of writing.

ETH/USD

A general picture for Ethereum is even better than for BTC, as its price has not reduced so much.  Yesterday, the asset touched the $176 mark but was not able to consolidate it and rolled back to $170.

ETH/USD chart by tradingview

On the 1-hour chart, ETH has all efforts to come back to the $180 mark, which was achieved on April.10. That is confirmed by the RSI indicator and trade volumes.

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However, taking into account fundamental factors, some Ethereum based projects have started to migrate to Binance Chain network. If such a trend continues, it could negatively affect the ETH’s rate.

The price of ETH is trading at $171.89 at the time of writing.

XRP/USD

Ripple is the biggest loser from the top 3 coins, as its rate has dropped by more than 2% over the last 24 hours.

XRP/USD chart by tradingview

The price of XRP is trading at $0.33 and continues to move within the growth and the downward channel. The quotes XRP/USD are moving inside the Ichimoku cloud, which indicates the presence of a lateral trend for Ripple.

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An impetus for growth renewal can be the recent news concerning the Huobi exchange which added 3 more trading pairs for XRP.

The price of XRP is trading at $0.3322 at the time of writing

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