Cardano is one of those coins that could potentially be the next "big thing", and many people are speaking of it that way. While the circulating supply of the coin is definitely huge, the value is determined by other factors. The solutions Cardano is trying to bring are simply brilliant and if they will succeed, the value should skyrocket and could potentially outperform Ethereum in the medium to long run.
Statistically, coins with huge potential are moving upwards buy 40 times in a strong bullish market and this could be applied to ADA/USD. The bottom has been found at $0.12, and multiplied that by 40 would give us a $4.8. Yes, this is the price that for 1 Cardano that could be expected in a not so distant future, and this price corresponds to the 361.8% Fibonacci retracement level.
This target could be reached in the next 3 to 4 months if the bullish momentum will continue, and by the end of the year we could see Cardano price at $8 and above. Perhaps this is a very optimistic scenario and many would say its unreal. Just remember what people where saying about the Bitcoin when it was worth less than a $1.
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First target $2, second $4, third $8
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Now lets do some math according to my previous analysis.
I am expecting the ETH/USD to reach $1688, according to the chart below.
I am expecting the ADA/ETH to reach ETH 0.0028 according to the chart below
So here is the calculation:
0.0028 x 1688 = 4.72 (That is Cardano price based on two different charts)
So based on the this idea (third chart), it perfectly in harmony with each other as my target is $4.73!!!
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And by the way, here is ADA/BTC idea
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Now lets do some more math based on my other ideas, but this time in relation to the Bitcoin.
According to the BTC/USD chart below, I am expecting Bitcion to hit $18,300. Accirdubg to the ADA/BTC chart below, I am expecting Cardano to hit btc 0.00025.
Here is the math: $18,300 x 0.00025 = $4.5 - Price of Cardano
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$18.300 x 0.00026 = $4.75 :))) isn't that just a coincidence?
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Cardano roadmap update 3rd March
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03.05.2018 - Roadmap Update
"Progress has been made across a number of areas! Paper Wallets will see a first version released shortly
Daedalus Wallet Accounts and Multi-currency Ledger are two new roadmap items.
Stakepool testnet registration has been extended until the end of May - to give more opportunity for interested parties to register their interest. IOHK have received over 1500 applications and have been pleasantly overwhelmed by the great level of interest.
Smart Contracts testnets will start 28th May - with KEVM first, followed by IELE VM around July."