Recently there are lots of changes made in the working of Cardano (ADA) Coin. The coin is in news and gossips are on, people are desperate to know about the future of Cardano due to the price drop. This article will address all the questions of the readers in form of Cardano Price Prediction.
Cardano which is also known as ADA is one of the renounced coins which have managed to bag the position in top 10 cryptocurrencies of the world. At present, the coin is ranked 7th as per the market capitalization.
About Cardano (ADA) Coin
Cardano coin is a cryptocurrency that works on the blockchain technology whose primary work is to transact value of money from one place to another like other altcoins. But what makes the difference is the white papers that give the description of the working on the crypto coin.
Cardano ADA – Present
Cardano coin is also popular with the abbreviated term called ADA. at present, it is the 7th largest cryptocurrency in the world according to the market capitalization given by Coinmarketcap.com.
Cardano Coin or ADA is at present value at $0.22 USD with the volume of $113,402,000 USD and current supply is 25,927,070,538 ADA and the market cap of $5,676,732,094 USD and still counting. Even it is good to say that the coin is showing a growth of 2% to 3% on daily basis.
Cardano ADA – Past
After the ICO of Cardano Coin, the ADA coins started trading in the market on 1st of October, 2017 with the opening price of $0.022 USD. The coin was new so was slowing getting views and so was gaining price at a very slow rate. But by the last days of November 2017, ADA grew by 200% in its price and was valued at $0.93 USD with the market cap $2,405,956,957 USD.
After then the coin did not look back and was constantly rising in terms of per ADA coin price, market cap, and volume on daily basis. On January 4, 2018, the coin stood at the record price of $1.33 USD. After then the coin started showing a decline in the price per Cardano coin. But if we look minutely then it did not much affect the market cap as market cap went down as much as 1/6th of actual but was having a good circulating supply.
Due to this the coin got stability and was rising up with great pace. This made Cardano Coin reach the 7th position in the world according to market cap.
All these details are very essential for the crypto news readers and crypto investors as this will help then in Cardano Price Predictions to predict the future. Here are few things as readers you must know.
- At present, it is the world’s 7th largest crypto coin
- Currency ADA is valued at $0.22 USD and it has shown a high of $1.33 USD
- It has a huge market capital and currency supply
- Investors are now trusting the technology of Cardano coin
- Cardano has been introduced late in the market and recently also have made modifications in its technology
- Cardano has made modifications and in its recent website there is an absence of Proof of Work
- Investors may not like the latest modifications
- There is a risk of losing price in short-term if invested. The situation may arrive.
These were some of the points the investors must know about Cardano coin that helps in deciding the future of Cardano and also whether to invest in ADA coin or not.
There are several prediction websites available that predicts the future prices of various coins and also for Cardano ADA coin. They term is as Cardano Price Prediction. Here are few of them and let us have a look over their estimations and predictions related to Cardano coin.
Walletinvestor.com predicts the price of Cardano Coin to be $0.162 USD which means they predict the coin to go down. Profitconfidential.com, another website expects a bullish trend of Cardano and says the Cardano ADA coin will reach $1 USD by the end of the year. Longforecast.com also expects the coin to sink down to $0.11 USD per coin like Walletinvestor.com.
Hence from above calculations and figures, it is very confusing where will the Cardano be in the near future. So I have personally studies several things and have got few possibilities, outcomes related to Cardano Coin along with the Price forecast. These possibilities are as under.
Possibility 1 : Cardano Price Prediction
1st outcome says that Cardano is still new in the market and may fail in promising what it wants to give. Cardano aims to be an all-in-one currency and to be used for all purposes. This also increases the competition amongst the market. Critics also asks whether the world actually wants Cardano or not? So it may happen that the prices of Cardano ADA coin may be losing its value and be priced at $0.15 USD. But in long-term it will definitely up rise in the valuation.
Possibility 2 : Cardano Price Prediction
Another outcome says that as Cardano is already at the 7th position it will surely rise in its price because Cardano in very short term have got a lot and sustain as the ADA still has a good trading volume on daily basis. So expectations says that it will be priced at $0.8 USD by the end of the year. And the coin is epected to grow further more as more is coming from the founders.
Possibility 3 : Cardano Price Prediction
I deeply expect the ADA coins to breach $1.5 USD mark but before than we can see lots of fluctuations in the way. It will not be easy for Cardano to rise smoothly as there are several other coins ready to compete with it. But for Cardano to grow more than $1.5 USD we need to wait for a year. I also alert readers to be ready to bare the downfall too.
These possibilities mentioned above are predicted based on several factors I have studies. It may alter from person to person. These possibilities are merely to help investors decide the Cardano Price Prediction in the future. However, it is upto you and is your take. Here are here to guide our investors for the topics related to cryptocurrencies. Stay tuned to get more.