New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

Cardano Price Prediction โ€” How Much Will the Cost of ADA Be in 2019-20-25?

  • Denys Serhiichuk
    ๐Ÿ“ˆ Price Predictions

    Cardano is a relatively young cryptocurrency, however, it has quickly become one of the most popular altcoins. Now it is in the list of the top 20 coins on the Coinmarketcap. The price of ADA is much less than the price of some other assets and it is more attractive for investments and trading as its more volatile. We assume that this article helps you to choose whether to invest in Cardano.

Cardano Price Prediction โ€” How Much Will the Cost of ADA Be in 2019-20-25?
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Today, Cardano is on the list of promising cryptocurrency projects. This platform represents a new milestone in the history of the development of cryptocurrency technologies and their popularization among mass users. For this reason, many investors are seriously interested in the forecast for Cardano, as well as the prospects for this cryptographic payment instrument.

Cardanoโ€™s Advantages

Such projects, which carry innovations in the world of cryptocurrencies, always have many pros, distinguishing them favorably from other digital coins.

Cardano logo

The advantages of Cardano include:

  • The project is part of a digital platform focused on the creators of advanced software tools. Several teams of experienced programmers are working on creating this digital asset. Among them, there are many famous figures of the cryptocurrency world, for example, Charles Hoskinson, who is one of Ethereumโ€™s founders.

  • The cryptosystem is based on the new software algorithm Ouroboros, which is a new generation of Proof of Stake.

  • Fast transaction speed. Thanks to the specifics of the Cardano blockchain, up to 10 thousand transactions can be performed every second.

  • Full compatibility with other blockchains.

  • The platform has the appearance of several layers, which makes it possible to ensure network flexibility when interacting with users.

  • A possibility of acquiring a legal status by a currency due to the start of official interaction with representatives of state regulatory bodies.

  • There is a separation in the controls within the network which not only increases the security but also makes it stable.

  • Users have advanced capabilities for creating smart contracts.

  • Cardano's collective management capability is expected in the near future.

Cardano Price Prediction 2019

Till the end of 2019, the Cardano team is planning to overcome the challenges of scaling, which is now a task for many projects.

Intensive research and development have already allowed the project to create Ouroboros โ€” the first scientifically proven and verified mining scheme that works according to the Proof-of-Stake algorithm.

๐Ÿ‘‰MUST READ Cardano Price Prediction [UPDATE]: Reasons Why 2019 Will Be Good for Cardano

Another potential growth factor for the ADA coin will be the introduction of three upgrades in 2019:

  • Gouden (unique protocol language)

  • Basho (increased scalability)

  • Voltaire (platform management upgrades)

The Cardano roadmap includes the launch of the Shelley update in 2019, which will make the network completely decentralized and give token holders the opportunity to receive regular passive income. After that, a boom is expected from the business side, which will start implementing its commercial decentralized applications on the network.

For many cryptocurrency investors, the profit expectation is a real challenge. The desire for quick money pushes them away from long-term investments, but analysts predict that in the future, ADA can reach $5, while $1 is a realistic goal by the end of the year.

Those who do not want to wait for price growth can use Cardano as a means for anonymous calculations in the network. The project provides the highest level of privacy.

Cardano Price Prediction 2020

According to the roadmap and technical criteria, experts predict that 2020 will be extremely favorable for the cryptocurrency. According to forecasts, the ADA rate will again rise above $1. To achieve this level, developers of the coin need to decide on a plan for further updates in the coming months. The team wants to add support for Bitcoin and Ethereum Classic, as well as develop a mobile wallet application for iOS and Android users.

Cardano is also about to start a partnership with Metaps Plus, one of the largest South Korean mobile companies. Taking into account the reputation of a relatively reliable cryptocurrency and ambitious plans for the coming months, the prospect of achieving the rate of $ 10 by 2020 seems quite realistic.

๐Ÿ‘‰MUST READ The Best Cardano Wallets 2019

Cardano Price Prediction 2021-2025

Blockchain 3.0, represented by Cardano, has a number of competitive advantages. It solves problems that prevent BTC or ETH from developing, whose value is well known to everyone. It is difficult to say whether the ADA cryptocurrency will not have strong competitors, but so far there are no factors hindering the development of Cardano.

Gradually finishing the stages of the roadmap will strengthen the position of ADA in the market. Regarding what will happen in 5 years, the forecasts for Cardano vary. Most experts believe that the cryptocurrency rate will at least overcome the $10 mark in 2022 and exceed $25,223. There are even bolder forecasts for the ADA coin, suggesting that in 5 years the rate will exceed $100 for 1 asset.

One thing is for sure: the investment in Cardano will pay for itself with long-term investments. It is risky to expect speculative short-term growth since there is a high probability of buying ADA before the next correction, after which it will take a long time to wait for recovery.

The reasonability of investing in ADA

Cardano logo

Of course, in the network and in print media one can find a lot of predictions that the entire cryptocurrency market will soon collapse, as it is the modern version of financial pyramids. In all of this, there is a grain of truth concerning the fact that lately, the market has been experiencing not the best of times, breaking through a new bottom occasionally.

It should not be forgotten that for cryptocurrency and the market as a whole, this state is normal since such digital assets are notable for their volatility. Therefore, it is not surprising that in a few weeks many coins will increase the cost of the course several times. It is important to understand that all cryptocurrencies โ€” and Cardano in particular โ€” are poorly amenable to traditional analytics from the expert community.

For this reason, the best moment to invest in a digital asset is when the market falls. Such an approach to investing helps to increase investments several times in a short period. If we take into account the fact that the value of Cardano has decreased several times, then this coin will soon begin to regain its previously lost positions, bringing new investors hundreds of percents in profits.

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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
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After trying to retain the position above $4,000, Bitcoin seems to be stuck. What to expect from BTC during the following weeks? Whatโ€™s the best time to invest in Bitcoin? Letโ€™s try to figure it out with tradingview users: they will provide their BTC price predictions and opinions about investment strategies.

Bitcoin has to break another resistance

Both shortage and resistance breaking are possible for BTC

Bitcoin price chart from DianKemala

This BTC price chart clearly explains the influence of the Fibonacci level on its price. Traders saw a big bearish candle 2 days ago, but bears stopped at $3,936 and started performing a sideways consolidation pattern.

Bitcoin failed to break the Fibonacci resistance zone (4004 - 3986), which isnโ€™t a bullish sign, but we have another resistance above at $4,038. If Bitcoin is able to break up this resistance, the bullish period will continue. The important support before the bearish period is around $3,936. If this support breaks down, expect a bearish target at $3,860, or maximum at $3,780. 

Will BTC get back to $3,600?

$3,600 level is ideal for investments

Bitcoin price chart from MarcPMarkets

We are watching the BTC market trying to overcome 4K resistance level with varying success. According to MarcPMarkets, the current BTC trading environment does not offer an attractive reward/risk for putting any new money to work.

All risks should be properly assessed. The low 4K area is still the range resistance, while the lower 3K area is the range support. In the green box, you can view the potential reward, while the red box represents the potential risk. Why would we put on any new swing trades at range highs when chances are the price is more likely to test much lower levels in the short term? 

Candlesticks or RSI are not the only signals of upcoming BTC fall. The fact that price is beginning to show signs of structural weakness confirms our reasoning that staying out of any new swing trades near the range highs is the best choice for now. Support levels begin around the high 3600s and continue through to the 3450 levels. That might be the ideal time for investments.

Although supply may be slowly removed from the market, it will take some time before the effects play out. So we will continue to wait for two particular scenarios: 1) price retraces toward the lower part of the range for a reversal to go long; or 2) price breaks beyond 4150 and provides a momentum continuation pattern for a long.

BTC is ready for capitulation

 BTC movement is around the corner

Bitcoin price chart from DataPatron

During several months Bitcoin was consolidating in a tight range between $3,300 and $4,400. Now it seems to be completing sideways mission, and long term volatility promises a serious movement thatโ€™s around the corner.

I am almost sure another red leg symmetrical to the previous one (from 6 to 3k) is before us.

All in all, Bitcoin is in a broader recovery over the long term, but the short term is just not in a position that offers attractive reward/risk. Consider an investment in BTC, if it hits the $3,600-3,700 bottom line in a few weeks.

BTC/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice โ€“ 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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