Cardano (ADA) – is one of the fastest growing cryptocurency in the world right now. Launched just September 2017, it has already produced a return of more than 1500% to its holders and investors. With its present market capitalization at $18 billion, there is certainly a lot more to expect from this cryptocurrency, given a favorable market condition. This capitalization makes it one of the 10th largest cryptocurrencies in the world today.
The main aim of the coins developers was to create a sustainable system for crypotocurrencies. In reality, the coin is gradually gaining recognition and awareness in the market.
Open source technology is the main technology used for Cardano Ada, which makes it easy for more development to be carried out on the platform. So what is the price prediction for the cryptocurrency for 2018? Is the market for Cardano Ada going to move to the bull direction or bear direction?
The current market price of Cardano Ada is valued at $0.2226 and currently ranked number 7 based on market capitalization. It reached an all time high of $1.33 early this year. With the current market speculations, it’s expected that the coin may bounce back to its highest value before the year runs out. But right now, Cardano Ada is seriously fluctuating and showing little signs of weakness (which is not just peculiar to the cryptocurrency). It seems most other cryptocurrencies are not doing really well presently.
Although it’s not quite clear why some smaller crypto currencies have been fluctuating in recent times, Cardano Ada actually saw a tangible profile boost last week. This, to some experts, is a result of the coin’s listings on Houbi (a giant in currency exchange) and the fact that it has been recommended by CNBC.
The decision by Binance to add Cardano tether and Cardano-binance to its trading last week will also increase the popularity of the coin.
Moreover, Cardano Ada was listed on Cryptopia platform just recently. This move is expected to raise the current value of the coin, as Cryptopia is a strong player in the market.
Although Cardano Ada fell short in the latest cryptocurrency correction, majority of its investors still have strong faith in the coin. They still believe the coin will soon bounce back to its previous levels and even surpass those levels in the long run. Whether this will be possible this year remains to be seen. It depends on a lot of factors, including the activities of the developers and how other cryptocurrecies will perform this year. Since investors are still forecasting a bullish direction for the coin, a lot of them will still want to hold on to the coin and see how things go.
Investors are aware of the fact that the coin is still prone to more volatility as volumes might be impulsive. But majority still believe in the coin and they are willing to stick with it for a bit longer.
Cardano Ada has been predicted to rally around $10 for the long term. At the present price of $0.21, it surely makes sense to invest in the cryptocurrency now the price is low. Moreover, the developers of the coin are doing a great job to keep it at an optimum performance until it gradually takes a continuous bullying trend. With the development and establishment of their blockchain technology, the open source system will surely be less difficult to utilize.
With all these positive vibes surrounding it, there’s no doubt the coin has a great potential to be among the top three in the nearest future. All indices and indications show that it’s a great time to invest in Cardano Ada, because it seems he coin will turn up and pay off in the long run.
The main aim of the coins developers was to create a sustainable system for crypotocurrencies. In reality, the coin is gradually gaining recognition and awareness in the market.
Open source technology is the main technology used for Cardano Ada, which makes it easy for more development to be carried out on the platform. So what is the price prediction for the cryptocurrency for 2018? Is the market for Cardano Ada going to move to the bull direction or bear direction?
The current market price of Cardano Ada is valued at $0.2226 and currently ranked number 7 based on market capitalization. It reached an all time high of $1.33 early this year. With the current market speculations, it’s expected that the coin may bounce back to its highest value before the year runs out. But right now, Cardano Ada is seriously fluctuating and showing little signs of weakness (which is not just peculiar to the cryptocurrency). It seems most other cryptocurrencies are not doing really well presently.
Although it’s not quite clear why some smaller crypto currencies have been fluctuating in recent times, Cardano Ada actually saw a tangible profile boost last week. This, to some experts, is a result of the coin’s listings on Houbi (a giant in currency exchange) and the fact that it has been recommended by CNBC.
The decision by Binance to add Cardano tether and Cardano-binance to its trading last week will also increase the popularity of the coin.
Moreover, Cardano Ada was listed on Cryptopia platform just recently. This move is expected to raise the current value of the coin, as Cryptopia is a strong player in the market.
Although Cardano Ada fell short in the latest cryptocurrency correction, majority of its investors still have strong faith in the coin. They still believe the coin will soon bounce back to its previous levels and even surpass those levels in the long run. Whether this will be possible this year remains to be seen. It depends on a lot of factors, including the activities of the developers and how other cryptocurrecies will perform this year. Since investors are still forecasting a bullish direction for the coin, a lot of them will still want to hold on to the coin and see how things go.
Investors are aware of the fact that the coin is still prone to more volatility as volumes might be impulsive. But majority still believe in the coin and they are willing to stick with it for a bit longer.
Cardano Ada has been predicted to rally around $10 for the long term. At the present price of $0.21, it surely makes sense to invest in the cryptocurrency now the price is low. Moreover, the developers of the coin are doing a great job to keep it at an optimum performance until it gradually takes a continuous bullying trend. With the development and establishment of their blockchain technology, the open source system will surely be less difficult to utilize.
With all these positive vibes surrounding it, there’s no doubt the coin has a great potential to be among the top three in the nearest future. All indices and indications show that it’s a great time to invest in Cardano Ada, because it seems he coin will turn up and pay off in the long run.