cryptodailytrading.com

Cardano Price Prediction- How Much Will the Cost of ADA be in 2018\20\25?

  • George Shnurenko
    ⭐ Features

    Want to invest in Cardano? Find out what Cardano price prediction for the following years is


Cardano Price Prediction- How Much Will the Cost of ADA be in 2018\20\25?
You may also like:

Although it appeared recently in September 2017, Cardano quickly made waves and even got to the top 20 world cryptocurrencies with a considerable market cap.

Of course, the coin has attracted the attention of investors from all over the world, and if you’re planning to join their rows, you need to be aware of Cardano price prediction. This is the right place to get such information.

Let’s clear up what Cardano is, and what specialists say about the perspectives of this coin.


What is Cardano?

Just like Ethereum, Cardano is exploited for the development of decentralized applications and use of smart tokens. However, this is where the list of common features ends: in fact, Cardano is an improved version of Ethereum that belongs to the third generation of the Blockchain, more scalable, and more interoperable.

Ethereum

Cardano

Market capitalization- $92 bln

Market capitalization- $4.8 bln

Uses single-level smart contracts

Uses multi-level smart contracts

Uses Proof-of-Work (Proof-of-Stake is being developed)

Uses Proof-of-Stake

Second Blockchain  generation

Third Blockchain generation

Being the native cryptocurrency of Cardano Blockchain platform, ADA coin is used to perform transactions. The technologies underlying this cryptocurrency are open source, which means that the development of this platform was made very simple. Being based on peer review procedure, Cardano Blockchain is developed by the community together with its founders.

Was Cardano ADA prediction justified in 2017?

Right from the moment of its appearance on the market, Cardano was ranked high by investors. Starting at the price of $0.02, it gradually made its way to $0.1 by the end of autumn and managed to reach $0.5 in December, when all major cryptocurrencies soared in price. Therefore, in the last year, ADA Cardano price prediction was even exceeded.

But it’s not the end– on Jan. 4, 2018, Cardano reached the cost of $1.22, which means the return of about 6,000 percent within three months! During this short time, the market capitalization has also grown from the initial $0.56 mln to $31 bln. But just like all other cryptocurrencies, ADA went through a significant crash in the first quarter of 2018.

Investors still buy Cardano thanks to its technological superiority over other cryptocurrencies. Besides, the team developing it is highly credible.

👉MUST READ Cardano: Business Prospects and Challenges
Cardano: Business Prospects and Challenges

Cardano price prediction 2018

If we take a look at the first quarter of this year, Cardano coin price prediction 2018 was justified– a lot of specialists predicted a significant surge of all cryptocurrencies, and ADA wasn’t an exception.

After experiencing enormous growth in January, it started falling in price. Cardano 2018 prediction for Spring was about $0.2– that’s close to the reality that happened. At the beginning of April, ADA was worth $1.4, then experienced a minor growth to $0.3, and got back to its current level of $0.15.

If we perform a technical analysis to make Cardano price prediction for 2018 using the price trends and trading volume trends, the average price by the end of the year will be $0.42. This is what most websites for investors predict.

However, while WalletInvestor gave pretty much the same forecast in April, now the website says that ADA is not a good investment, because it will lose its price completely (it’s not clear what this forecast is based on).

ADA 2018
Evidently, optimistic 2018 prediction hasn’t been justified

Relying on technical analysis, Cardano prediction 2018 is that the investment will bring you a 35 percent return, which is also a positive tendency. Considering the rising of the coin in January 2018, the maximum price which ADA can reach is $2.1 (if the market cap reaches $50 bln).

What is clear now is that Cardano is becoming a more and more competitive player on the market of crypto, but its success will depend on the level of adoption– since the coin is supported by a broad community, its value will continue growing.

Another Cardano 2018 price prediction is based on the supposition that ADA will be widely used in Japan and the Eastern Pacific, which will give it a boost to rise to the threshold of $0.22. The market cap can reach $40 bln by December 2018.

👉MUST READ Cardano Price Prediction [UPDATE]: Reasons Why 2019 Will Be Good for Cardano
Cardano Price Prediction [UPDATE]: Reasons Why 2019 Will Be Good for Cardano

Cardano price prediction 2019

According to experts, in 2018 Cardano price prediction isn’t as optimistic as in the upcoming years due to the fact that it needs to be popularized further and get enough support from the crypto community. 2019 can be a turning point in the history of ADA.

According to different websites, the average price of ADA can rise from about $0.6 in January to $2.5 in December 2019. This is quite an optimistic Cardano prediction. The superiority of the coin in the following year is defined by the following factors:

Cardano price prediction 2020

When it comes to a more long-term Cardano coin price prediction, opinions of specialists differ. According to the technical analysis of longforecast.com, the Cardano coin prediction for December 2020 is $1.89, which correlates with realistic forecasts.

As for its place on the market, there’s another prediction for Cardano:

  • funds will be replaced by cryptocurrency investments, which will drive the further development of the coin

  • Cardano can even get to the Top-5 cryptocurrencies giving a tough competition to LTC, Ripple, and other cryptocurrencies

  • The coin will be widely introduced in Eastern Pacific

Making Cardano ADA price prediction for 2023 and 2025 would a speculation because a lot of other, more superior Blockchains and cryptocurrencies keep appearing– they can outperform this one within a few years.

Forecast for Cardano offered by Internet users

Should I invest in Cardano?

Generally, Cardano coin prediction is positive. Although it isn’t expected to make a significant leap in 2018, it can start growing faster in 2019.

Cardano Blockchain is more technologically advanced than Ethereum and can be successfully used for making online payments.

Therefore, if you want to invest, it’s time to do it in July– the cost of ADA has already started climbing slowly.

Cover image via u.today
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
👓 Recommended articles

Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?

  • Yuri Molchan
    ⭐ Features

    Stablecoins show hardly any volatility compared to Bitcoin and altcoins, many are hoping that they will be able to bridge new crypto economy and regular fiat money


Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?
You may also like:

Bitcoin, the father cryptocurrency, emerged in hope that it will remove all intermediaries in electronic commerce that cut off their share of payments. BTC was perceived as a P2P way to replace fiat cash in an electronic format, which would enable one party to pay another without any financial institution or payment platform which would demand its share of a transaction as a reward for its services.

What is wrong with Bitcoin

For quite a while Bitcoin was performing the way the crypto community expected. But the situation changed later – BTC rate became weaker, thus bringing down its financial and economic reliability, when it gets to be used as a regular means of payment.


You cannot have a currency that would cost like a British castle today, a gram of gold – tomorrow and a pack of French fries the day after.

At that point practical fintech minds came up with an idea of creating something which would become a breakthrough in the universe of crypto – a so-called stablecoin.

Will stablecoins solve the volatility problem?

Technically, stablecoins are protected from the volatility roller-coaster that Bitcoin and other cryptos love to ride. They are programmed to keep their prices stable and investors now are largely attracted to this new type of digital assets.

Stablecoin does not show any volatility in its monetary value, since it has a fixed connection to an asset it is pegged to. The major goal of using stablecoins is taking the best from decentralized crypto coins and combining it with a constant value. Thanks to it, stablecoins can be used as a reliable means of trade.

Asset-pegged stablecoins

Asset-backed ones get their value from an asset as can be understood from the name. An asset provides the necessary value to a coin, as well as the necessary legitimacy.

A great example of an asset-pegged stablecoin is Tether (USDT). In spite of a series of scandals at the end of last year, it remains the most popular stablecoin in the crypto market.

Recently, it has partnered with the Tron Foundation to launch a Tron-based stablecoin.

Other examples are TrueUSD (TUSD), USD Coin (USDC), the Gemini Dollar (GUSD), and the Paxos Standard (PAX). They are all pegged to the USD.

Crypto-backed stablecoins

Some digital coins work in a similar way to fiat-backed ones, however, they are pegged to collateral crypto. That means that crypto assets that ensure the value of such stablecoins are stored in a wallet similar to escrow.

A good example of a crypto-pegged token is Maker, which is ranked 16 on CMC.

Algorithmic stablecoins

Even though, stablecoin can be interesting at first thought but the way they are built goes against the principle of decentralization that crypto coins have as a foundation. Thus, many crypto fans and evangelists are positive that stablecoins must be linked towards not a centralized asset but a computer algorithm which takes value from a balance between supply and demand.

Basis is now considered the most promising algorithmic stablecoin of all.

👉MUST READ John McAfee Says Exactly When Bitcoin Will Hit $1 Mln, IBM’s Jesse Lund Goes for More Modest Forecast
John McAfee Says Exactly When Bitcoin Will Hit $1 Mln, IBM’s Jesse Lund Goes for More Modest Forecast

Can stablecoin ensure smooth future for the crypto industry?

The primary goal of all crypto assets was and remains to come up with virtual asset that would be liquid enough and not vulnerable to market volatility. From this point of view, stablecoins are a dream of all crypto fans and evangelists of a decentralized economy.

Apart from the potential to conduct crypto transactions smoothly, experts believe it can bridge the two worlds – fiat and crypto, bringing them a mutually beneficial coexistence. However, that may take time.

Cover image via u.today
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
👓 Recommended articles